Class C-1 Notes definition

Class C-1 Notes. The Class C-1 Secured Deferrable Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3.

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Class C-1 Notes has the meaning set forth in the first recital.

Class C-1 Notes means the Class C-1 Deferrable Fifth Priority Secured Floating Rate Notes due May 5, 2036, issued by the Co-Issuers on the Closing Date, that bear interest at a floating rate per annum equal to LIBOR plus 1.45%.

Examples of Class C-1 Notes in a sentence

During each Interest Accrual Period, the Class A-1 Notes shall bear interest at a per annum rate equal to the then applicable LIBOR plus 1.75% per annum, the Class B-1 Notes shall bear interest at a per annum rate equal to the then applicable LIBOR plus 3.50% per annum, the Class C-1 Notes shall bear interest at a per annum rate equal to the then applicable LIBOR plus 4.75% per annum, and the Class D-1 Notes shall bear interest at a per annum rate equal to the then applicable LIBOR plus 5.75% per annum.
To the extent lawful and enforceable, interest on any interest that is not paid when due on any Class A-1 Notes or Class B-1 Notes or, if no Class A-1 Notes or Class B-1 Notes are Outstanding, any Class C-1 Notes or, if no Class C-1 Notes are Outstanding, any Class D-1 Notes, shall accrue at the Interest Rate for such Class until paid as provided herein.
The Class B-1 Notes are senior to the Class C-1 Notes as and to the extent provided in the Indenture.
Deferred Interest on the Class C-1 Notes and the Class D-1 Notes shall be added to the principal balance of the Class C-1 Notes and the Class D-1 Notes, respectively, and shall be payable on the first Payment Date on which funds are available to be used for such purpose in accordance with the Priority of Payments.
If any Event of Default has occurred and has not been cured or waived and acceleration occurs in accordance with the Conditions and the Trust Deed, the Class C-1 Notes shall be paid in full in Cash or, to the extent 662/3% of the outstanding principal amount of the Class C-1 Notes consent, other than in Cash, before any further payment or distribution is made on account of the Class C-1 Subordinate Interests.

More Definitions of Class C-1 Notes

Class C-1 Notes means any one of the Class C-1 Notes executed by the Issuer and authenticated by or on behalf of the Indenture Trustee, substantially in the form of Exhibit A-3.

Class C-1 Notes has the meaning set forth in the preamble.

Class C-1 Notes means any one of the [_____]% Rental Car Asset Backed Notes, Class C-1, executed by RCFC and authenticated and delivered by or on behalf of the Trustee, substantially in the form of Exhibit C-1, Exhibit C-4 or Exhibit C-7. Definitive Class C-1 Notes shall have such insertions and deletions as are necessary to give effect to the provisions of Section 2.18 of the Base Indenture.

Class C-1 Notes means any one of the Notes executed by the Issuer and authenticated by or on behalf of the Indenture Trustee, substantially in the form of Exhibit A.

Class C-1 Notes. The Class C-1 Mezzanine Secured Deferrable Floating Rate Notes issued on the First Refinancing Date pursuant to this Indenture and having the characteristics specified in Section 2.3.

Class C-1 Notes means any Class C-1 Notes described in Article II of, and authorized by, and authenticated and delivered under, the Indenture.

Class C-1 Notes means, collectively, the Class C-1A Notes and the C-1B Notes.

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