Asset Backed Certificates definition
Asset Backed Certificates. (herein called the "Class C Certificates") which, together with the Certificates designated as "Class D 7.50% Asset Backed Certificates" (the "Class D Certificates" and, together with the Class C Certificates, the "Certificates") are issued under and are subject to the terms, provisions and conditions of the Trust Agreement, to which Trust Agreement the Certificateholder of this Certificate by virtue of the acceptance hereof assents and by which such Certificateholder is bound. Also issued under the Indenture, dated as of February 1, 1998 (as from time to time amended, supplemented or otherwise modified and in effect, the "Indenture"), between the Trust and The Chase Manhattan Bank, as indenture trustee (in such capacity, the "Indenture Trustee"), are the Notes designated as "Class A-1 5.545% Asset Backed Notes", "Class A-2 5.60% Asset Backed Notes", "Class A-3 5.65% Asset Backed Notes", "Class A-4 5.70% Asset Backed Notes" and "Class B 5.95% Asset Backed Notes" (collectively, the "Notes"). The property of the Trust includes (i) a pool of motor vehicle retail installment sale contracts for new and used automobiles and light trucks and certain rights and obligations thereunder (the "Receivables"); (ii) with respect to Precomputed Receivables, all monies due thereunder on or after the Cutoff Date and, with respect to Simple Interest Receivables, all monies due or received thereunder on or after the Cutoff Date; (iii) the security interests in the Financed Vehicles granted by Obligors pursuant to the Receivables and any other interest of the Trust in the Financed Vehicles; (iv) rights to proceeds from claims on certain physical damage, credit life, credit disability or other insurance policies, if any, covering Financed Vehicles or Obligors; (v)
Asset Backed Certificates. Pursuant to the Indenture dated as of November 1, 1999 (the "Indenture") between the Issuer and Bankers Trust Company of California, N.A., as indenture trustee (the "Indenture Trustee") there is also issued the Advanta Mortgage Loan Asset Backed Notes (the "Notes"). These Certificates are issued under and are subject to the terms, provisions and conditions of the Holding Trust Agreement, to which Holding 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 consists of the Asset Backed Certificates of the Issuer. The property of the Issuer includes a pool of adjustable-rate mortgage loans secured by first deeds of trust or Mortgages on primarily one-to-four family residential properties. Under the Holding Trust Agreement, there will be distributed on the 25th day of each month or, if such 25th day is not a Business Day, the next Business Day (the "Payment Date"), commencing on December 27, 1999, to the Person in whose name this Certificate is registered at the close of business on the Business Day preceding such Payment Date (the "Record Date") such Certificateholder's Percentage Interest in the amount to be distributed to Certificateholders on such Payment Date. 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 Holding Trust Agreement, as applicable. It is the intent of the Sponsor, the Master Servicer, and the Certificateholders that, for purposes of Federal income taxes, the Trust will be treated as a corporation. The Sponsor and any other Certificateholders, by acceptance of a Certificate, agree to treat, and to take no action inconsistent with the treatment of, the Certificates for such tax purposes as equity interests in a corporation. Each Certificateholder, by its acceptance of a Certificate, covenants and agrees that such Certificateholder will not at any time institute against the Trust or the Sponsor, or join in any institution against the Trust or the Sponsor of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States Federal or state bankruptcy or similar law in connection with any obligations relating to the Certificates, the Notes, the Holding Trust Agreement or any of the Operat...
Asset Backed Certificates. (herein called the "Trust Certificates"). Also issued under an
Examples of Asset Backed Certificates in a sentence
This Certificate is one of the duly authorized Certificates designated as Asset Backed Certificates (the “Certificates”).
This [Temporary Regulation S Global] [Permanent Regulation S Global] [Rule 144A Global] Certificate is one of the duly authorized Certificates designated as Asset Backed Certificates (the “Certificates”).
Simultaneously with the issuance of the Notes, the Depositor will cause the Trust to issue Asset Backed Certificates (the “Certificates” and together with the Notes, the “Securities”).
This Certificate is one of the duly authorized Certificates designated as "Asset Backed Certificates" (the "Certificates") issued pursuant to the Trust Agreement.
This Trust Certificate is one of the duly authorized certificates designated as "Asset Backed Certificates" (the "Trust Certificates").
More Definitions of Asset Backed Certificates
Asset Backed Certificates. (herein called the "LLC Certificates") issued under and subject to the terms, provisions and conditions of the LLC Agreement, to which LLC Agreement the holder of this LLC Certificate by virtue of the acceptance hereof assents and by which holder is bound. Issued under the Indenture dated as of [____________], 200[__] between the LLC and [Indenture Trustee Name], as Indenture Trustee, are notes designated as ["_____% Class A Notes" and "____% Class B Notes".] Each Holder of this LLC Certificate acknowledges and agrees that its rights to receive distributions in respect of this LLC Certificate are subordinated to the rights of the Noteholders as described in the Servicing Agreement and the Indenture. It is the intent of the Depositor, Servicer and the Certificateholders that, for purposes of Federal income, State and local income and franchise and any other income taxes measured in whole or in part by income, until the LLC Certificates are held by other than the Depositor, the LLC be disregarded as an entity separate from its owner. At such time that the LLC Certificates are held by more than one person, it is the intent of the Depositor, Servicer and the Certificateholders that, for purposes of Federal income, State and local income and franchise and any other income taxes measured in whole or in part by income, the LLC be treated as a partnership, the assets of which are the assets held by the LLC, and the Certificateholders will be treated as partners in that partnership. The Depositor and the other Certificateholders, by acceptance of a LLC Certificate, agree to treat, and to take no action inconsistent with the treatment of, the LLC Certificates as such for tax purposes. Each Certificateholder, by its acceptance of a LLC Certificate, covenants and agrees that such Certificateholder will not at any time institute against the Depositor or the LLC, or join in any institution against the Depositor or the LLC of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States Federal or State bankruptcy or similar law in connection with any obligations relating to the LLC Certificates, the Notes, the LLC Agreement or any of the Basic Documents. The LLC Certificates do not represent an obligation of, or an interest in, the Depositor, the Servicer, General Electric Capital Services, Inc., General Electric Capital Corporation or General Electric Company, the Initial Member or any affiliates of an...
Asset Backed Certificates. (herein called the "CERTIFICATES"). Also issued under an Indenture dated as of August 2, 2006 (as amended, supplemented or otherwise modified from time to time, the "INDENTURE"), between the Issuer and JPMorgan Chase Bank, National Association, as indenture trustee, are 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 its acceptance hereof assents and by which such Certificateholder is bound. The property of the Issuer consists of the Trust Property. The rights of the Certificateholders are subordinate to the rights of the Noteholders, as set forth in the Indenture. Under the Trust Agreement, there will be distributed on the 15th day of each month or, if such 15th day is not a Business Day, the next Business Day (each, a "PAYMENT DATE"), commencing on [___________], to the Person in whose name this Certificate is registered on the last day of the immediately preceding month (the "RECORD DATE"), such Certificateholder's fractional undivided interest in the amount to be distributed to Certificateholders on such Payment Date. The Holder of this Certificate acknowledges and agrees that its rights to receive distributions in respect of this Certificate are subordinate to the rights of the Noteholders as described in the Sale and Servicing Agreement and the Indenture.
Asset Backed Certificates. (herein called the "Trust Certificates") issued under and subject to the terms, provisions and conditions of the Trust Agreement, to which Trust Agreement the holder of this Trust Certificate by virtue of the acceptance hereof assents and by which holder is bound.
Asset Backed Certificates. (herein called the "Trust Certificates"). Also issued under an Indenture dated as of March 1, 2003 (as amended, supplemented or otherwise modified from time to time, the "Indenture"), between the Owner Trustee on behalf of the Trust and The Bank of New York, as indenture trustee, are the classes of Notes designated as "1.19125% Asset Backed Notes, Class A-1," "1.30% Asset Backed Notes, Class A-2," "1.75% Asset Backed Notes, Class A-3" and "2.35% Asset Backed Notes, Class A-4" (collectively, the "Class A Notes"), "2.36% Asset Backed Notes, Class B" (the "Class B Notes") and "
Asset Backed Certificates. The Certificates are issued under and are 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. Under the Indenture dated as of April 1, 2000 (the "Indenture") between the Trust and Bankers Trust Company of California, N.A., as indenture trustee (the "Indenture Trustee"), the Trust issued the Advanta Revolving Home Equity Loan Asset Backed Notes, Series 2000-A (the "Notes"). The property of the Trust includes a pool of adjustable rate revolving home equity credit line loans secured by first or second deeds of trust or mortgages on primarily one-to-four family residential properties. Under the Trust Agreement, there will be distributed on the 25th day of each month or, if such 25th day is not a Business Day, the next Business Day (the "Payment Date"), commencing on May 25, 2000, to the Person in whose name this Certificate is registered at the close of business on the Business Day preceding such Payment Date (the "Record Date") such Certificateholder's Percentage Interest in the amount to be distributed to Certificateholders on such Payment Date.
Asset Backed Certificates. (herein called the "Trust Certificates"). Also issued under an Indenture dated as of November 7, 2003 (as amended, supplemented or otherwise modified from time to time, the "Indenture"), between the Owner Trustee on behalf of the Trust and The Bank of New York, as indenture trustee, are the classes of Notes designated as "1.1643% Asset Backed Notes, Class A-1," "1.63% Asset Backed Notes, Class A-2," "2.31% Asset Backed Notes, Class A-3" and "3.07% Asset Backed Notes, Class A-4" (collectively, the "Class A Notes"), "2.86% Asset Backed Notes, Class B" (the "Class B Notes") and "3.87% Asset Backed Notes, Class C" (the "Class C Notes", and together with the Class A Notes and the Class B Notes, the "Notes"). This Trust 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 Trust Certificate by virtue of its acceptance hereof assents and by which such Certificateholder is bound. The property of the Trust consists of:
Asset Backed Certificates. (herein called the "Certificates"). Also issued under the Indenture dated as of February 21, 1997, between Issuer and Bankers Trust Company as indenture trustee, are four classes of Notes designated as "Class A-1 5.85% Asset Backed Notes" (the "Class A-1 Notes"), "Class A-2 6.05% Asset Backed Notes" (the "Class A-2 Notes"), "Class A-3 6.15% Asset Backed Notes" (the "Class A-3 Notes") and "Class B 6.40% Asset Backed Notes" (the "Class B Notes" and, together with the Class A-1 Notes, Class A-2 Notes and Class A-3 Notes, the "Notes"