Initial Class D Note Purchaser definition
Examples of Initial Class D Note Purchaser in a sentence
The transfer by the Initial Class D Note Purchaser of beneficial interests in the Class D Notes to any purchaser that is a Benefit Plan shall be prohibited.
The transfer by the Initial Class D Note Purchaser of beneficial interests in the Class D Notes to Initial Resale ERISA Class D Note Owners shall be restricted to less than 25 percent of the Class D Notes in the aggregate (excluding from such calculation any Class D Notes held by Controlling Persons).
The Class D Notes following their sale to the Initial Class D Note Purchaser may be transferred only to a Person that is (A) a QIB and (B) a U.S. Person, and subject to the further restrictions set forth in Section 2.2(c) hereof.
The Class A/B/C Notes will be offered and sold by HVF III on the Series 2022-5 Closing Date pursuant to the Class A/B/C Purchase Agreement and the Class D Notes will be sold by HVF III on the Series 2022-5 Closing Date to the Initial Class D Note Purchaser pursuant to the Class D Purchase Agreement.