Direct Purchase Notes definition

Direct Purchase Notes has the meaning set forth in the Recitals hereto.
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Direct Purchase Notes means $150,000,000 in aggregate initial principal amount of Class A-3 Notes, $400,000,000 in aggregate initial principal amount of Class A-4 Notes, $100,000,000 in aggregate initial principal amount of Class A-5 Notes and $50,000,000 in aggregate initial principal amount of Class B Notes to be sold to the Direct Purchaser under the Note Purchase Agreement.
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Direct Purchase Notes means any Note or Notes held by a Direct Purchaser pursuant to a Direct Purchase Agreement for the duration of the applicable Direct Purchase Period.
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Examples of Direct Purchase Notes in a sentence

  • For use as described in Section 9 hereof, City will, prior to the time that it intends to issue Direct Purchase Notes, deliver to the Agent, the Direct Purchase Notes to be issued, bearing the manual or facsimile signatures of the requisite number of Authorized City Representatives with all terms included (including principal amount, payee, date of issue, maturity date and interest rate).

  • The Direct Purchase Notes shall be in the form set forth in Exhibit B to the Note Ordinance, with such appropriate insertions, omissions, substitutions, and other variations as are permitted or required by the Note Ordinance and approved by an Authorized City Representative.

  • Notwithstanding the provisions of Section 9 hereof, the Agent shall not authenticate and deliver Direct Purchase Notes unless it has received the certifications of City in the form required by Section 5(c) of the Note Ordinance and the Instructions are otherwise in conformity with the requirements of the Note Ordinance.

  • In addition, City represents and warrants that the issuance of the Direct Purchase Notes is within City’s powers and has been duly and validly authorized by all necessary action, that such issuance will not violate any provisions of law, and that such Direct Purchase Notes, when completed, authenticated and delivered pursuant hereto, will constitute City’s legal, valid and binding obligation.

  • At no time shall the City permit the sum of (i) the aggregate principal amount of all outstanding Commercial Paper Notes plus the amount of interest to accrue thereon to maturity, plus (ii) the aggregate outstanding principal amount of all Loans, plus (iii) the aggregate outstanding principal amount of all Direct Purchase Notes purchased by the Bank pursuant to the JPMorgan Note Purchase Agreement, to exceed the Commitment from time to time in effect.

  • The Notes are issued as Direct Purchase Notes under the Ordinance and, pursuant to the Ordinance, the principal of and interest on the Notes are payable from and secured by a lien on and pledge of the sources pledged under the terms of the Ordinance and Section 2.11 hereof, including the Pledged Revenues.

  • Notwithstanding anything herein to the contrary, in no event shall, at any time, the sum of (i) the aggregate principal amount of all outstanding Commercial Paper Notes plus the amount of interest to accrue thereon to maturity, plus (ii) the aggregate outstanding principal amount of all Loans, plus (iii) the aggregate outstanding principal amount of all Direct Purchase Notes purchased by the Bank pursuant to the JPMorgan Note Purchase Agreement, exceed the Commitment from time to time in effect.

  • The Direct Purchase Notes will be issued on the terms and subject to the conditions set forth in the Taxable Note Purchase Agreement.

  • This Agreement applies solely to Direct Purchase Notes purchased by the Bank pursuant to the Taxable Note Purchase Agreement.

  • Concurrently with the execution of this Agreement, the City has entered into a Note Purchase Agreement dated as of June 18, 2024 (as may be amended, restated and supplemented from time to time, the “Taxable Note Purchase Agreement” hereunder, and the “Note Purchase Agreement” under the Note Ordinance) with JPMorgan Chase Bank, National Association (the “Bank” hereunder, and the “Bank” under the Note Ordinance) for the purchase by the Bank of Direct Purchase Notes.


More Definitions of Direct Purchase Notes

Direct Purchase Notes means the $250,000,000 in aggregate initial principal amount of Class A-3 Notes to be sold to the Direct Purchasers under the Class A Note Purchase Agreements.
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Direct Purchase Notes means the Subordinated Notes, which will be placed directly by the Issuer on or about the Closing Date, and “Subject Notes” means the Notes other than the Direct Purchase Notes. DBSI (as defined below) is not acting as initial purchaser or placement agent for the Direct Purchase Notes. The Issuer proposes to sell to Deutsche Bank Securities Inc. (“DBSI”) the Subject Notes (DBSI, as the initial purchaser of the Subject Notes, being referred to herein as the “Initial Purchaser”) in the aggregate principal amounts and at the purchase price percentages set forth in Schedule I attached to this note purchase agreement (this “Agreement”). The Issuer has been advised by the Initial Purchaser that the Initial Purchaser proposes to resell the Subject Notes subject to the terms and conditions set forth herein. DBSI is additionally acting as Sole Structuring Advisor, Lead Left Arranger and Bookrunner for the offering of the Subject Notes. The Notes will be issued pursuant to an Indenture, dated as of January 25, 2022 (as the same may be supplemented or otherwise modified from time to time, the “Indenture”), by and between the Issuer and Deutsche Bank Trust Company Americas, as trustee (the “Trustee”). The Issued Notes will be secured by certain assets and rights and proceeds thereof pledged by the Issuer to the Trustee (for and on behalf of the Secured Parties) under the Indenture (collectively, the “Collateral”). The Notes will be offered and sold without being registered under the Securities Act in reliance on certain exemptions from the registration requirements thereof. In connection with the offer and sale of the Notes, the Issuer has prepared and delivered to the Initial Purchaser, for delivery to prospective investors in the Notes, (a)(i) a first preliminary offering circular dated December 17, 2021 and (ii) a second preliminary offering circular dated January 13, 2022 (such preliminary offering circulars, collectively, including all amendments or supplements thereto, or revisions thereof, and any accompanying exhibits, collectively, the “Preliminary Offering Memoranda” and, each, a “Preliminary Offering Circular”), and (b) a final offering circular dated January 21, 2022 (such final offering circular, including all amendments or supplements thereto, or revisions thereof, and any accompanying exhibits, collectively, the “Final Offering Circular”), describing, among other things, the terms of the Notes, the Indenture, the Assets, the Issuer, the offering of the ...
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Related to Direct Purchase Notes

  • Purchase Notice has the meaning set forth in Section 1.2.

  • Common Depositary Notes means Notes that are deposited with a Common Depositary and that will clear and settle through the systems operated by Euroclear, Clearstream and/or any such other applicable clearing system other than DTC.

  • DTC Notes means Notes cleared, settled and maintained on the DTC System, registered in the name of a nominee of DTC. All of the Notes will be DTC Notes at issuance.

  • Redemption Notes means unsecured subordinated promissory notes of the Trust having a maturity date to be determined at the time of issuance by the Trustee (provided that in no event shall the maturity date be set at a date subsequent to the first Business Day following the fifth anniversary of the date of issuance of such note), bearing interest from the date of issue at a market rate of interest determined at the time of issuance by the Trustee, payable for each month during the term on the 15th day of each subsequent month with all principal being due on maturity, such promissory notes to provide that the Trust shall at any time be allowed to prepay all or any part of the outstanding principal without notice or bonus.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • Series 2019 Bonds means, collectively, the Series 2019A Bonds and the Series 2019B Bonds.

  • Redemption Account means, in respect of ETP Securities, a bank account to receive payments in the Relevant Currency of the Optional Redemption Amount in respect of the redemption of such ETP Securities, which account shall be:

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • Certificated Notes means Notes that are in the form of Exhibit A attached hereto, other than the Global Notes.

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