Class X Notes definition
Examples of Class X Notes in a sentence
The failure to pay Accrued Note Interest on the Class X Notes, shall not constitute an Event of Default under the Indenture.
Upon redemption in full of all Higher Ranking Classes of Notes, the Class X 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(d) (Redemption of the Class X Notes) and Condition 9(b) (Principal).
Registered Holders will hold interests in the Class X Notes in physical form in minimum initial Notional Amount of $100,000 and integral multiples of $1 in excess thereof.
The Cash Manager on behalf of the Issuer will fund the General Reserve Fund from part of the proceeds of the Noteholders' subscription for the Class X Notes in an amount equal to the General Reserve Fund Required Amount as at the Closing Date.
The Class X Notes shall be issuable as registered Notes in physical form and the Notes shall be issuable in the minimum initial Notional Amount of $100,000 and in integral multiples of $1 in excess thereof.