Provisions Required in Indenture Supplement. Before the initial issuance of Notes of each Series, there shall also be established in or pursuant to an Indenture Supplement provision for: (i) the Series designation; (ii) the Initial Note Balance of such Series of Notes and of each Class, if any, within such Series, and the Maximum VFN Principal Balance for such Series (if it is a Series or Class of Variable Funding Notes); (iii) whether such Notes are subdivided into Classes; (iv) whether such Series of Notes are Term Notes, Variable Funding Notes or a combination thereof; (v) the Note Interest Rate at which such Series of Notes or each related Class of Notes will bear interest, if any, or the formula or index on which such rate will be determined, including all relevant definitions, and the date from which interest will accrue; (vi) the Expected Repayment Date and the Stated Maturity Date for such Series of Notes or each related Class of Notes;
Appears in 2 contracts
Sources: Indenture (New Residential Investment Corp.), Indenture (New Residential Investment Corp.)
Provisions Required in Indenture Supplement. Before the initial issuance of Notes of each Series, there shall also be established in or pursuant to an Indenture Supplement provision for:
(i) the Series designation;
(ii) the Initial Note Balance of such Series of Notes and of each Class, if any, within such Series, and the Maximum VFN Principal Balance for such Series (if it is a Series or Class of Variable Funding Notes);
(iii) whether such Notes are subdivided into Classes;
(iv) whether such Series of Notes are Term Notes, Variable Funding Notes or a combination thereof;
(v) the Note Interest Rate at which such Series of Notes or each related Class of Notes will bear interest, if any, or the formula or index on which such rate will be determined, including all relevant definitions, and the date from which interest will accrue;
(vi) the Expected Repayment Date and the Stated Maturity Date for such Series of Notes or each related Class of Notes;
Appears in 1 contract
Sources: Indenture (DITECH HOLDING Corp)