Examples of Series of Class A Notes in a sentence
Order of Priority On each Payment Date, to the extent of the respective Available Distribution Amount in accordance with the Order of Priority of distributions set forth below, the Issuer will pay to the holders of any Series of Class A Notes which are an Amortising Series of Class A Notes an aggregate amount in respect of principal equal to the Class A Amortisation Amount.
Each Global Note for any Series of Class A Notes shall be deposited with a Common Safekeeper for Clearstream, Luxembourg and Euroclear and be held in book-entry form only.
Subordination of Notes Holders of a Series of Class B Notes will bear more credit risk with respect to the Issuer than holders of a Series of Class A Notes and will incur losses, if any, prior to holders of a Series of Class A Notes because of the subordination of the Series of Class B Notes in relation to the Series of Class A Notes.
No payment of interest will be made on each Series of Class B Notes until all of the Issuer’s expenses (including applicable fees for Agents), and all interest on each Series of Class A Notes are paid in full, and no payment of principal will be made on a Series of Class B Notes until the principal amount of each Series of Class A Notes is paid in full.
If specified in the Applicable Pricing Supplement of a Series of the Class A Notes, holders of such Series of Class A Notes will not be entitled to receive any payment of principal where a Class A Principal Lock-Out applies in respect of such Notes.
Prior to a Foreclosure Event, payments to the Class A Noteholders of principal will be effected only after the payment to the Class B Noteholders of interest and any other amounts ranking equal or senior to the Amortisation Amounts of each Amortising Series of Class A Notes on the respective Payment Date in accordance with the Order of Priority.
Revolving Period The Revolving Period means the period from (and including) theInitial Issue Date and ending on (and including) the earlier of (i) the Series Revolving Period Expiration Date of the last outstanding Series of Class A Notes and (ii) the occurrence of an Early Amortisation Event.
Thereafter, payments on each Series of Class B Notes will be made from any amounts remaining from the Available Distribution Amount after the payment of principal on each Series of Class A Notes until the Note Principal Amount Outstanding of each Series of Class B Notes equals the Class B Targeted Note Balance.
Thereafter, payments of principal on each Series of Class B Notes will be made from any amounts remaining from the Available Distribution Amount after the payment of principal on each Series of Class A Notes until the Note Principal Amount Outstanding of each Series of Class B Notes equals the Targeted Remaining Class B Note Balance.
Issue Dates A Series of Class A Notes or Class B Notes may be issued on any Payment Date falling (i) in the case of Further Notes of an existing Series of Class A Notes or an existing Series of Class B Notes prior to (but excluding) the Series Revolving Period Expiration Date applicable to such Series, or (ii) in the case of Further Notes of a different Series on any Payment Date prior to the Programme Maturity Date (each such Payment Date a "Further Issue Date").