Common use of Denomination Clause in Contracts

Denomination. The Notes will initially be issued as Book-Entry Notes. The Notes will be issued in minimum denominations of $1,000 and in multiples of $1,000. However, one Note of each Class may be issued in a different amount if it exceeds the minimum denomination for the Class.

Appears in 105 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2023-C), Indenture (Ford Credit Auto Owner Trust 2023-C), Indenture (Ford Credit Auto Lease Trust 2023-B)

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Denomination. The Notes will initially be issued as Book-Entry Notes. The Notes Notes, except for the Rule 144A Notes, will be issued in minimum denominations of $1,000 and in multiples of $1,000. The Rule 144A Notes will be issued in minimum denominations of $100,000 and in multiples of $1,000 in excess of $100,000. However, one Note of each Class may be issued in a different amount if it exceeds the minimum denomination for the Class.

Appears in 34 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2024-A), Indenture (Ford Credit Auto Owner Trust 2024-A), Indenture (Ford Credit Auto Lease Trust 2024-A)

Denomination. The Notes will initially be issued as Book-Entry Notes. The Notes will be issued in minimum denominations of $1,000 100,000 and in multiples of $1,000. However, one Note of each Class may be issued in a different amount if it exceeds the minimum denomination for the Class.

Appears in 3 contracts

Samples: Verizon Master Trust, Verizon Master Trust, Verizon Master Trust

Denomination. The Notes will initially be issued as Book-Entry Notes. The Notes Notes[, except for the Rule 144A Notes,] will be issued in minimum denominations of $1,000 and in multiples of $1,000. [ The Rule 144A Notes will be issued in minimum denominations of $100,000 and in multiples of $1,000 in excess of $100,000.] However, one Note of each Class may be issued in a different amount if it exceeds the minimum denomination for the Class.

Appears in 3 contracts

Samples: Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC)

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Denomination. The Notes will initially be issued as Book-Entry Notes. The Notes Notes[, except for the Rule 144A Notes,] will be issued in minimum denominations of $1,000 and in multiples of $1,000. [The Rule 144A Notes will be issued in minimum denominations of $100,000 and in multiples of $1,000 in excess of $100,000.] However, one Note of each Class may be issued in a different amount if it exceeds the minimum denomination for the Class.

Appears in 2 contracts

Samples: Indenture (CAB East LLC), Indenture (CAB West LLC)

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