Examples of Class E Notes in a sentence
The Class E Notes, the Class S Notes and the Class X Notes will not be assigned a credit rating.
In addition, on the first Notes Payment Date, the Pre-funded Amount remaining on the first Notes Payment Date will be applied by the Issuer in or towards satisfaction, on a pari passu and pro rata basis, in accordance with the respective amounts thereof, to redeem in part the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes by reference to their respective Principal Amount Outstanding on the Closing Date.
Furthermore, the Seller has pursuant to the Class E-S-X Notes Purchase Agreement agreed to purchase on the Closing Date, subject to certain conditions precedent being satisfied, the Class E Notes, the Class S Notes and the Class X Notes.
The Class E Noteholders shall have no further claim against the Issuer for the Principal Amount Outstanding on the Class E Notes after the date on which the Issuer no longer holds any Mortgage Receivables and there is no balance standing to the credit of the Issuer Transaction Accounts and the Issuer has no further rights under or in connection with any of the Transaction Documents.
No Class of Notes may be redeemed under such circumstances unless all Classes of Notes (or such of them as are then outstanding), other than the Class S Notes and the Class X Notes, are also redeemed in full subject to in respect of the Class E Notes Condition 9(b) (Principal), at the same time.