Asset Backed Certificate definition

Asset Backed Certificate. (herein called the “Certificate”). Also issued under the Indenture, dated as of October 21, 2021, among the Trust and The Bank of New York Mellon, as trustee and trust collateral agent, are seven classes of Notes designated as “Class A-1 0.09375% Asset Backed Notes” (the “Class A-1 Notes”), “Class A-2 0.28% Asset Backed Notes” (the “Class A-2 Notes”), “Class A-3 0.68% Asset Backed Notes” (the “Class A-3 Notes”), “Class A-4 0.99% Asset Backed Notes” (the “Class A-4 Notes” and together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the “Class A Notes”), “Class B 1.25% Asset Backed Notes” (the “Class B Notes”), “Class C 1.37% Asset Backed Notes” (the “Class C Notes”) and “Class D 0.00% Asset Backed Notes” (the “Class D Notes” and collectively with the Class A Notes, the Class B Notes and the Class C Notes, the “Notes”). This Certificate is issued under and is subject to the terms, provisions and conditions of the Trust Agreement, to which Trust Agreement the holder of this Certificate by virtue of the acceptance hereof assents and by which such holder is bound. The property of the Trust includes a pool of retail installment sale contracts secured by new and used automobiles, utility vehicles or light duty trucks (the “Receivables”), all monies due thereunder on or after the Cutoff Date, security interests in the vehicles financed thereby, certain bank accounts and the proceeds thereof, proceeds from claims on certain insurance policies and certain other rights under the Trust Agreement and the Sale and Servicing Agreement, all right, title and interest of the Seller in and to the Purchase Agreement, dated as of October 21, 2021, between GM Financial and the Seller and all proceeds of the foregoing. The holder of this Certificate acknowledges and agrees that its rights to receive distributions in respect of this Certificate are subordinated to the rights of the Noteholders as described in the Sale and Servicing Agreement, the Indenture and the Trust Agreement, as applicable. Distributions on this Certificate will be made as provided in the Trust Agreement or any Basic Document by wire transfer or check mailed to the Certificateholder without the presentation or surrender of this Certificate or the making of any notation hereon. Except as otherwise provided in the Trust Agreement and notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Servicer on behalf of the Owner Trustee of the pe...
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Asset Backed Certificate. (herein called the "CERTIFICATE"). Also issued under the Indenture, dated as of June 1, 2001, among the Trust, ▇▇▇▇▇ Fargo Bank Minnesota, National Association, as trustee and trust collateral agent, are two classes of Notes designated as "CLASS A-1 4.05125% ASSET BACKED NOTES" (the "CLASS A-1 NOTES") and "CLASS A-2 5.07000% ASSET BACKED NOTES" (the "CLASS A-2 NOTES" and together with the Class A-1 Notes, the "NOTES"). This Certificate is issued under and is subject to the terms, provisions and conditions of the Trust Agreement, to which Trust Agreement the holder of this Certificate by virtue of the acceptance hereof assents and by which such holder is bound. The property of the Trust includes a pool of retail installment sale contracts secured by automobiles (the "RECEIVABLES"), all monies received on or after Cutoff Date (excluding any Add-on Balances), security interests in the vehicles financed thereby, certain bank accounts and the proceeds thereof, proceeds from claims on certain insurance policies and certain other rights under the Trust Agreement and the Sale and Servicing Agreement, all right, to and interest of the Seller in and to the Purchase Agreement dated as of June 1, 2001 between Mercury Finance Company LLC,. and the Seller and all proceeds of the foregoing. The holder of this Certificate acknowledges and agrees that its rights to receive distributions in respect of this Certificate are subordinated to the rights of the Noteholders as described in the Sale and Servicing Agreement, the Indenture and the Trust Agreement, as applicable. Distributions on this Certificate will be made as provided in the Trust Agreement by the Owner Trustee by wire transfer or check mailed to the Certificateholder without the presentation or surrender of this Certificate or the making of any notation hereon. Except as otherwise provided in the Trust Agreement and notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Owner Trustee of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency maintained for the purpose by the Owner Trustee in the City of Wilmington, the State of Delaware. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon shall have been ...
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Asset Backed Certificate. (herein called the “Certificate”). Also issued under the Indenture, dated as of October 21, 2025, among the Trust, the Holding Trust, Citibank, N.A., as indenture trustee, are seven classes of Notes designated as “Class A-1 4.201% Asset Backed Notes” (“Class A-1 Notes”), “Class A-2 4.38% Asset Backed Notes” (“Class A-2 Notes”), “Class A-3 4.24% Asset Backed Notes” (“Class A-3 Notes” and, together with the Class A-1 Notes and the Class A-2 Notes, the “Class A Notes”), “Class B 4.28% Asset Backed Notes” (the “Class B Notes”), “Class C 4.68% Asset Backed Notes” (the “Class C Notes”), “Class D 5.16% Asset Backed Notes” (the “Class D Notes”) and “Class E
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Examples of Asset Backed Certificate in a sentence

  • This Certificate is the duly authorized Certificate designated as the "Asset Backed Certificate" (herein called the "Certificate").

  • In addition to the Notes, the Trust will also issue an Asset Backed Certificate representing the beneficial ownership interests in the Trust (the “Certificate”) (the Notes and the Certificate, together, the “Securities”) pursuant to a trust agreement, dated as of , 20 , as amended and restated as of , 20 (the “Trust Agreement”), between the Seller and [Owner Trustee], as owner trustee (the “Owner Trustee”).

  • BA Credit Card Funding, LLC has caused this Class D Asset Backed Certificate, Series 2001‑D to be duly executed by its Authorized Officer.

  • BA Credit Card Funding, LLC has caused this Class D Asset Backed Certificate, Series 1997-B to be duly executed under its official seal.

  • BA Credit Card Funding, LLC has caused this Class D Asset Backed Certificate, Series 2000-H to be duly executed under its official seal.

  • In addition to the Notes, the Trust will also issue an Asset Backed Certificate representing the beneficial ownership interests in the Trust (the “Certificate”) (the Notes and the Certificate, collectively, the “Securities”) pursuant to a trust agreement, dated as of , 201 , as amended and restated as of , 201 (the “Trust Agreement”), between the Seller and [Owner Trustee], as owner trustee (the “Owner Trustee”).

  • This Certificate is the duly authorized Class A Certificate designated as an "Asset Backed Certificate" (the "Class A Certificate") issued pursuant to the Trust Agreement.

  • BA Credit Card Funding, LLC has caused this Class D Asset Backed Certificate, Series 2001-B to be duly executed under its official seal.

  • In addition to the Notes, the Trust will also issue an Asset Backed Certificate representing the beneficial ownership interests in the Trust (the "Certificate") (the Notes and the Certificate, collectively, the "Securities") pursuant to a Trust Agreement, dated as of ____________, 20__, as amended and restated as of ___________, 20__ between the Seller and [Name of owner trustee], as owner trustee (the "Owner Trustee").

  • The Trust will also issue one Asset Backed Certificate representing the entire beneficial interest in the Trust (the "Certificates", and together with the Notes, the "Securities") to the Seller pursuant to a Trust Agreement dated as of July 26, 2001 (the "Trust Agreement") between the Seller, as depositor, and the Owner Trustee.


More Definitions of Asset Backed Certificate

Asset Backed Certificate. (herein called the "Certificate"). Also issued under the Indenture, dated as of October 1, 2003, between the Trust, and JPMorgan Chase Bank, as trustee, are five classes of Notes designated as "Class A-1 1.13% Asset Backed Notes" (the "Class A-1 Notes"), "Class A-2 1.66% Asset Backed
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Asset Backed Certificate. (herein called the “Certificate”). Also issued under the Indenture, dated as of [_____], 20[__], among the Trust, the Holding Trust, [Indenture Trustee], as indenture trustee, are [seven][eight] classes of Notes designated as “Class A-1 [__]% Asset Backed Notes” (the “Class A‑1 Notes”), “Class A‑2 [‑A] [__]% Asset Backed Notes” (the “Class A‑2[‑A] Notes”), [“Class A‑2‑B Floating Rate Asset Backed Notes” (the “Class A‑2‑B Notes”),] and “Class A‑3 [__]% Asset Backed Notes” (the
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Related to Asset Backed Certificate

  • asset-backed security means a security that is primarily serviced by the cash flows of a discrete pool of mortgages, receivables or other financial assets, fixed or revolving, that by their terms convert into cash within a finite period and any rights or other assets designed to assure the servicing or the timely distribution of proceeds to securityholders;