Class F Note definition
Examples of Class F Note in a sentence
Reference is made to the further provisions of this Class F Note set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Class F Note.
Following the repurchase in whole of the Offered Notes, the Class F Note will be repurchased in whole whether or not any amounts are available to the Issuer for distribution to the Holder of the Class F Note in connection with such repurchase.
The Class A-2 Notes, the Class F Note and the Certificate shall be delivered on the Closing Date in fully registered, certificated form in the minimum denominations and the required proportions set forth in the Memorandum.
Distributions on this Class F Note are payable in such coin or currency of the United States as at the time of payment is legal tender for payment of public and private debts.
The Issuer has entered into this Indenture, and the Notes will be issued, with the intention that, for federal, state and local income, business and franchise tax purposes, (i) the Notes (other than the Class F Note) will qualify as indebtedness secured by the Indenture Collateral and (ii) the Issuer shall not be treated as an association, taxable mortgage pool or publicly traded partnership taxable as a corporation.
It is understood and agreed that the Initial Purchasers are not acquiring, and have no obligation to acquire, the Class A-2 Notes (which will be acquired by the respective Holder of the Class A-2 Notes pursuant to the Class A-2 Purchase Agreement), the Class F Note or the Certificate (which Class F Note and Certificate will be acquired by the Trust Depositor on the Closing Date pursuant to the Sale and Servicing Agreement).
The Holder of at least 66-2/3% of the Outstanding Principal Balance of the Class F Note may exercise its option to cause the Issuer to repurchase Notes pursuant to this Section 10.01 by directing the Issuer to deposit in full in the Note Distribution Account an amount equal to the Repurchase Price.
Unless the certificate of authentication hereon has been executed by the Indenture Trustee whose name appears below by manual signature, this Class F Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose.
Notwithstanding the above, the final distribution on this Class F Note will be made after due notice by the Indenture Trustee of the pendency of such distribution and only upon presentation and surrender of this Class F Note at the office or agency maintained for that purpose by the Note Registrar in Minneapolis, Minnesota.
As provided in the Indenture and subject to certain limitations therein set forth, the Class F Note is exchangeable for a new Class F Note evidencing the same undivided ownership interest, as requested by the holder surrendering the same.