Class S Notes definition

Class S Notes has the same meaning as in the Trust Deed;
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Class S Notes means, the £10,923,000 Class S mortgage backed floating rate notes due 2050, hereby constituted or the amount thereof from time to time outstanding or, as the context may require, a specific number thereof and includes the Global Class S Note of each class (or any part thereof) and the Definitive Class S Notes of each class (or any of them).
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Class S Notes. Class S VFN" and "Notes" have the same meaning as indicated in the Deed of Charge (as defined below).
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Examples of Class S Notes in a sentence

  • PML as Administrator (on behalf of the Issuer) will fund the General Reserve Fund from part of the proceeds of the Noteholders' subscription for the Class S Notes in an amount equal to the General Reserve Fund Required Amount as at the Closing Date.

  • Upon redemption in full of such Classes of Notes, the Class S Notes are subject to redemption on such Notes Payment Date and on each Notes Payment Date thereafter in accordance with and subject to Condition 6(c) (Redemption of the Class S Notes) and Condition 9(b) (Principal).

  • The Notes are being issued in several classes, including the Class A Notes, the Class M-1 Notes, the Class M-2 Notes, the Class B-1 Notes, the Class C Notes, the Class S Notes and the Class P Notes.

  • Each Class S Owner agrees that the beneficial interest in the Class S Notes purchased by it will be acquired for investment only and not with a view to any public distribution thereof, and that such Class S Owner will not offer to sell or otherwise dispose of any Class S Note acquired by it (or any interest therein) in violation of any of the requirements of the Securities Act or any applicable state or other securities laws.

  • The Class S Noteholders shall have no further claim against the Issuer for the Principal Amount Outstanding on the Class S Notes after the date on which the Issuer no longer holds any Mortgage Receivables and there is no balance standing to the credit of the Issuer Transaction Accounts and the Issuer has no further rights under or in connection with any of the Transaction Documents.

  • The Class E Notes, the Class S Notes and the Class X Notes will not be assigned a credit rating.

  • The maturity of the Class S Notes and the Class X Notes will further depend on the amount and timing of payment of principal on the Bridge Mortgage Receivables.

  • Provided that no Enforcement Notice has been served in accordance with Condition 10 (Notices), the Issuer will in accordance with Condition 6(a) (Final redemption) and Condition 6(d) (Redemption of the Class X Notes) be obliged to redeem the Class X Notes in full on the earlier of (i) the Final Maturity Date and (ii) the Notes Payment Date, on which the Notes, other than the Class S Notes, have been redeemed in full and any Notes Payment Date thereafter.

  • Furthermore, the Seller has pursuant to the Class E-S-X Notes Purchase Agreement agreed to purchase on the Closing Date, subject to certain conditions precedent being satisfied, the Class E Notes, the Class S Notes and the Class X Notes.

  • No Class of Notes may be redeemed under such circumstances unless all Classes of Notes (or such of them as are then outstanding), other than the Class S Notes and the Class X Notes, are also redeemed in full subject to in respect of the Class E Notes Condition 9(b) (Principal), at the same time.


More Definitions of Class S Notes

Class S Notes has the meaning specified in the recitals to this Agreement.
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Class S Notes means the Class S Swingline Asset Backed Notes, ------------- substantially in the form of Exhibit A-3 to the Indenture.
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Class S Notes has the meaning assigned in the third WHEREAS clause hereof.
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Class S Notes has the meaning assigned to it in the fourth WHEREAS clause hereof.
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Related to Class S Notes

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • B Notes means each of Note B-1, Note B-2, Note B-3 and Note B-4.

  • Class D Notes has the meaning assigned to such term in the Indenture.

  • Class E Notes has the meaning assigned to such term in the Indenture.

  • Class A-5 Notes means the $_________ Floating Rate Class A-5 Student Loan Asset-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A thereto.