Ambac Note definition

Ambac Note as defined in the Indenture.
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Ambac Note means the $[2,146,000,000] senior secured note to be issued by AAC to the Company on the Issue Date, substantially in the form attached hereto as Exhibit E, which is secured by (a) the right to receive Tier I Net Proceeds, (b) the Tier I Proceeds Collateral Account, and (c) the Pledged Securities (and any Replacement Investments).
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Ambac Note. $[2,230,000,000] 27 initial principal amount of secured note (the “Ambac Note”) issued by the Ambac Note Issuer.
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Examples of Ambac Note in a sentence

  • Even a purchase by D of a product of X Co. at a usual ‘‘em- ployee’s discount,’’ while technically assailable as a conflicting interest transaction, would customarily be viewed as a routine incident of the office of director and, thus, ‘‘fair’’ to the corporation.

  • The C Notes will not have the benefit of the Ambac Note Policy.The Ambac Note Policy will not guarantee any amounts becoming payable for any other reason, including the early redemption of the A Notes pursuant to Conditions 5(e) or 5(f) or accelerated payment pursuant to Condition 9 (other than in respect of Dissolution Amounts).

  • The piece consists in three sections A, B and C of five minutes each.

  • Ambac's debt obligation to the VIE (the Ambac Note) had a carrying value of$1,918,357 and $1,940,289 at June 30, 2019 and December 31, 2018, respectively, and is reported within Long-term debt on the Consolidated Balance Sheets.

  • Long-term Debt:Long-term debt includes Ambac Assurance surplus notes and junior surplus notes, the Ambac Note and Tier 2 Notes issued in connection with the Rehabilitation Exit Transactions and the Ambac UK debt issued in connection with the Ballantyne commutation.

  • Interest expense primarily includes accrued interest on the Ambac Note, Tier 2 Notes and surplus notes issued by Ambac Assurance.

  • Excluded from the Class are defendants and their immediate families, the officers and directors of the Company and their immediate families, the legal representatives, heirs, successors, or assigns of any of the foregoing, and any entity in which any of the defendants have or had a controlling interest.

  • Ambac's debt obligation to the VIE (the Ambac Note) had a carrying value of $1,763 and $1,940 at December 31, 2019 and 2018, respectively, and is reported within Long-term debt on the Consolidated Balance Sheets.

  • Long-term debt includes surplus notes issued and outstanding to third parties, notes issued under a secured borrowing transaction (which was fully repaid during the second quarter of 2018), and the Ambac Note and Tier 2 Notes issued on February 12, 2018, in connection with the Rehabilitation Exit Transactions.

  • Ambac's debt obligation to the VIE (the Ambac Note) had a carrying value of $1,927,144 and$1,940,289 at March 31, 2019 and December 31, 2018, respectively, and is reported within Long-term debt on the Consolidated Balance Sheets.


More Definitions of Ambac Note

Ambac Note means the $1,175,000,000 promissory note and security agreement to be issued by AAC to the Company on the Issue Date, substantially in the form attached hereto as Exhibit D, which is secured by (a) the right to receive Tier I Net Proceeds, (b) the Capital Stock of Ambac Assurance UK Limited and (c) the Tier I Proceeds Collateral Account.
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Ambac Note. “Ambac Note Collateral,” “Maturity,” “Coupon,” Mandatory Prepayment,” “Principal and Interest Payments” and “Payment Preference” in the Secured Notes Term Sheet shall require the prior written consent of each Holder and the Ambac Parties. For the avoidance of doubt, without the prior consent of the Holders, the Company may modify, amend or supplement the Transaction Mechanics to the extent reasonably necessary to mechanically effectuate the economic terms of this Agreement; provided that such modification, amendment or supplement does not impact the economic terms or substantive requirements of this Agreement or the Rehabilitation Exit Transactions. 11 Section 13.
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Related to Ambac Note

  • RMB Note means a Note denominated in Renminbi.

  • B Note means, with respect to any A/B Mortgage Loan, the related subordinated Mortgage Note not included in the Trust, which is subordinated in right of payment to the related A Note to the extent set forth in the related Intercreditor Agreement.

  • Class B Note means any of the 0.00% Asset Backed Notes, Class B, issued under the Indenture substantially in the form attached thereto as Exhibit A-3.

  • Bridge Note means a promissory note made by the Borrower in favor of a Bridge Lender, evidencing Bridge Loans made by such Bridge Lender, substantially in the form of Exhibit C-2.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Class C Note means any one of the Series 2015-1 3.96% Rental Car Asset Backed Notes, Class C, executed by ABRCF and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit C‑1, Exhibit C‑2 or Exhibit C‑3. Definitive Class C Notes shall have such insertions and deletions as are necessary to give effect to the provisions of Section 2.18 of the Base Indenture.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Term Loan A Note means a promissory note in the form of Exhibit 2.5-3, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Demand Note means the note issued by the rating authority, in relation to the premises for the purpose of levying non-domestic rates prescribed by Scottish Ministers for the financial year, in respect of which a claim is made under this Determination;

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit B-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • Class A-4 Note means any of the [____]% Asset Backed Notes, Class [A-4], issued under the Indenture substantially in the form attached thereto as Exhibit A.

  • New Note shall have the meaning assigned to such term in Section 38.

  • Term B Note means a promissory note made by the Borrower in favor of a Term B Lender, or its registered assigns, evidencing Term B Loans made by such Term B Lender, substantially in the form of Exhibit C-1.

  • Class A Note means any Class A-1 Note, Class A-2 Note, Class A-3 Note or Class A-4 Note.

  • A Note means, with respect to any A/B Whole Loan, the mortgage note (or notes) included in the Trust that is senior in right of payment to the related B Note or any other subordinated note(s) to the extent set forth in the related Intercreditor Agreement. There are no A Notes related to the Trust as of the Closing Date.

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.

  • Class A-3 Note means any of the 1.34% Asset Backed Notes, Class A-3, issued under the Indenture, substantially in the form of Exhibit A to the Indenture.

  • Note A shall have the meaning assigned to such term in the recitals.

  • of a Note means the principal of the Note plus the premium, if any, payable on the Note which is due or overdue or is to become due at the relevant time.

  • Borrower Note means the “Borrower Note” as defined in the Borrower Loan Agreement.

  • Class A-1 Note means any of 5.604% Asset Backed Notes, Class A‑1, issued under the Indenture substantially in the form attached thereto as Exhibit A-1.

  • Note Purchase Agreement means the Note Purchase Agreement, dated as of the Issuance Date, among the Company, the Subordination Agent, the Escrow Agent, the Paying Agent, and the Pass Through Trustee under each Pass Through Trust Agreement providing for, among other things, the issuance and sale of certain equipment notes, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • Subordinated Note Amount has the meaning set forth in the Recitals.