Class A-1 Notes Clause Samples
The 'Class A-1 Notes' clause defines a specific category of debt securities issued under a financing arrangement, typically within a structured finance or securitization transaction. These notes usually have priority in payment over other classes of notes, such as Class B or subordinated notes, and may feature distinct interest rates, maturity dates, or repayment schedules. By clearly delineating the rights and obligations associated with Class A-1 Notes, this clause ensures that investors understand their position in the payment hierarchy and the specific terms governing their investment, thereby reducing ambiguity and allocating risk among different classes of noteholders.
Class A-1 Notes. Any Series of Notes that includes Class A-1 Notes may include within the Variable Funding Note Purchase Agreement any terms, provisions, forms and other matters that affect the Class A-1 Notes (other than the form of Class A-1 Notes, which will be an exhibit to the Series Supplement for such Series). With respect to any Variable Funding Note Purchase Agreement entered into by the Master Issuer in connection with the issuance of any Class A-1 Notes, whether or not any of the following shall have been specifically provided for in the applicable provision of the Indenture Documents, the following shall apply (except to the extent that the Series Supplement or Variable Funding Note Purchase Agreement with respect to such Class A-1 Notes provides otherwise):
(i) for purposes of any provision of any Indenture Document relating to any vote, consent, direction, waiver or the like to be given by such Class on any date, with respect to the Class A-1 Notes of any Series Outstanding, the relevant amount of each such Class A-1 Notes to be used in tabulating the percentage of such Series voting, directing, consenting or waiving or the like (the “Class A-1 Notes Voting Amount”) will be the greater of (1) the Class A-1 Notes Maximum Principal Amount for such Class A-1 Notes (after giving effect to any cancelled commitments) and (2) the Outstanding Principal Amount of such Class A-1 Notes;
(ii) for purposes of any provisions of any Indenture Document relating to termination, discharge or the like, such Class A-1 Notes of a Series shall continue to be deemed Outstanding unless and until both (x) all commitments to extend credit under such Variable Funding Note Purchase Agreement have been terminated thereunder and (y) the Outstanding Principal Amount of such Class A-1 Notes shall have been reduced to zero; and
(iii) notwithstanding the foregoing, and for the avoidance of doubt, a Series Supplement or a Variable Funding Note Purchase Agreement may provide for different treatment of commitments of a Noteholder of a Class A-1 Note subject to such Series Supplement or Variable Funding Note Purchase Agreement that (1) has failed to make a payment required to be made by it under the terms of the Variable Funding Note Purchase Agreement, (2) has provided written notification that it does not intend to make a payment required to be made by it thereunder when due or (3) has become the subject of an Event of Bankruptcy.
Class A-1 Notes. “Class A-1 Notes” shall mean the Secured Senior Convertible Promissory Notes issued pursuant to that certain Secured Senior Convertible Note Purchase Agreement, dated as of the Closing Date, by and between the Company and each of the purchasers listed on Exhibit A thereto.
Class A-1 Notes. The Original Series 2022-1 Class A-1 Advance Notes (other than any Uncertificated Notes) were issued on the Series 2022-1
Class A-1 Notes. Immediately prior to the Closing, the parties to this Agreement listed on Exhibit A-1 as “Class A-1 Noteholders” (such individuals, “Class A-1 Noteholders”) hereby agree to consummate the transactions contemplated by the Senior Secured Convertible Note Purchase Agreement between such parties and the Company, and related documents, and shall have paid the principal amount of such Class A-1 Notes to the Company, in the amount set forth opposite such party’s name in Exhibit A-1.
Class A-1 Notes. The Series 2022-1 Class A‑1 Advance Notes (other than any Uncertificated Notes) shall be issued in the form of definitive notes in fully registered form without interest coupons, substantially in the form set forth in Exhibit A‑1-1 hereto, and shall be issued to the Series 2022-1 Class A‑1 Noteholders (other than the Series 2022-1 Class A‑1 Subfacility Noteholders) pursuant to and in accordance with this Series Supplement and the Series 2022-1 Class A-1 Note Purchase Agreement and shall be duly executed by the Master Issuer and authenticated by the Trustee in the manner set forth in Section 2.4 of the Base Indenture. Other than in accordance with this Series Supplement and the Series 2022-1 Class A-1 Note Purchase Agreement, the Series 2022-1 Class A‑1 Advance Notes will not be permitted to be transferred, assigned, exchanged or otherwise pledged or conveyed by such Series 2022-1 Class A‑1 Noteholders. The Series 2022-1 Class A‑1 Advance Notes shall bear a face amount equal in the aggregate to up to the Series 2022-1 Class A‑1 Notes Maximum Principal Amount as of the Series 2022-1 Closing Date, and shall be initially issued in an aggregate outstanding principal amount equal to the Series 2022-1 Class A‑1 Initial Advance Principal Amount pursuant to Section 2.1(a) of this Series Supplement. The Trustee shall record any Increases or Decreases with respect to the Series 2022-1 Class A‑1 Outstanding Principal Amount such that, subject to Section 4.1(d) of this Series Supplement, the principal amount of the Series 2022-1 Class A‑1 Advance Notes that are Outstanding accurately reflects all such Increases and Decreases.