Class X Notes definition

Class X Notes. The Class X Notes in the form attached as Exhibit A-3 to the Indenture.

Class X Notes means the Class X-1 Notes, Class X-2A Notes and Class X-2B Notes.

Class X Notes means the Class X Senior Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3.

Examples of Class X 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 the event of any redemption in full or acceleration of the Class X Notes, the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes, the Class E Notes, the Class F Notes and the Subordinated Notes will also be subject to automatic redemption and/or acceleration and the Collateral will, in each case, be liquidated.

• Prior to the service of an Enforcement Notice, the Class X Notes rank pro rata and pari passu without preference or priority among themselves in relation to payment of interest and principal at all times, but subordinate to all payments due in respect of items ranking senior thereto in the Pre-Enforcement Revenue Priority of Payments, as provided in the Conditions and the Transaction Documents.

• In particular, a high rate of prepayments on the Loans may affect the Issuer's ability to make payments in respect of the Class X Notes.

• There will not be any increase in the Class Y Payment, the interest payable on the Class X Notes or the Class R1 Payment or the Class R2 Payment on and after the Step-Up Date.

More Definitions of Class X Notes

Class X Notes means (i) on and after the 2016 Refinancing Date but prior to the 2019 Reset Date, the Class X Amortizing Senior Secured Floating Rate Notes due January 2028 and (ii) on and after the 2019 Reset Date, the Class X-R2 Notes.

Class X Notes. The Class X Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3.

Class X Notes means (x) prior to the First Refinancing Date, the Class X Senior Floating Rate Notes having the applicable Note Interest Rate and Stated Maturity as set forth in Section 2.3(a)(i) and (y) on and after the First Refinancing Date, the Class X-R Notes.

Class X Notes means the €50,000 Class X Fixed Rate Notes due 2010 or the amount thereof for the time being outstanding, or as the context may require, a specific number thereof and, unless expressly stated to the contrary, all references to Class X Notes shall be a reference to such Class X Notes whether in global or definitive form.

Class X Notes means the €100,000 Class X Residential Mortgage Backed Notes due 2066 issued or due to be issued by the Issuer on the Closing Date or, as the case may be, a specific number thereof, whether represented by Notes in definitive or global form;

Class X Notes or "Class X-R Notes" means the Class X-R Senior Floating Rate Notes having the applicable Note Interest Rate and Stated Maturity as set forth in Section 2.3.

Class X Notes. The Class X Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Clean-Up Call Purchase Price”: The meaning specified in Section 9.8(b). “Clean-Up Call Redemption”: The meaning specified in Section 9.8(a). “Clearing Agency”: An organization registered as a “clearing agency” pursuant to Section 17A of the Exchange Act. “Clearing Corporation”: (i) Clearstream, (ii) DTC, (iii) Euroclear and (iv) any entity included within the meaning of “clearing corporation” under Section 8-102(a)(5) of the UCC. “Clearing Corporation Security”: Securities which are in the custody of or maintained on the books of a Clearing Corporation or a nominee subject to the control of a Clearing Corporation and, if they are Certificated Securities in registered form, properly endorsed to or registered in the name of the Clearing Corporation or such nominee. “Clearstream”: Clearstream Banking, société anonyme, a corporation organized under the laws of the Duchy of Luxembourg (formerly known as Cedelbank, société anonyme). “Closing Date”: December 7, 2023. “Closing Date Certificate”: The closing certificate of the Issuer and the Collateral Manager dated as of the Closing Date. “Code”: The United States Internal Revenue Code of 1986, as amended. “Collateral Administration Agreement”: An agreement, dated as of the Closing Date, among the Issuer, the Collateral Manager and the Collateral Administrator, as amended from time to time, in accordance with the terms thereof. “Collateral Administrator”: U.S. Bank Trust Company, National Association, in its capacity as collateral administrator under the Collateral Administration Agreement, and any successor thereto. “Collateral Interest Amount”: As of any date of determination, without duplication, the aggregate amount of Interest Proceeds that has been received or that is expected to be received (other than Interest Proceeds expected to be received from Defaulted Obligations or the deferring portion of a Permitted Deferrable Obligation, but including Interest Proceeds actually received from Defaulted Obligations or the deferring portion of a Permitted Deferrable Obligation), in each case during the Collection Period in which such date of determination occurs (or after such