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 and Note B-2.
Initial Class D Note Balance means $142,370,000.
Initial Note Balance means, for any Class, the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance, the Initial Class B Note Balance, the Initial Class C Note Balance, the Initial Class D Note Balance or the Initial Class E Note Balance, as applicable, or with respect to the Notes generally, the sum of the foregoing.
Class D Notes has the meaning assigned to such term in the Indenture.
Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes for any date of determination, an amount equal to the sum of
Class E Notes has the meaning assigned to such term in the Indenture.
Initial Class A-1 Note Balance means $265,000,000.
Class A Notes means the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes.
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.
Initial Note Principal Balance means, with respect to each Note as of any date of determination, the “Initial Note Principal Balance” for such Note set forth in Part B of the Mortgage Loan Schedule.
Series D Notes is defined in Section 1.
Initial Class C Note Balance means $152,941,000.
Series C Equipment Notes means Equipment Notes issued under an Indenture and designated as "Series C" thereunder.
Unencumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of
Required Subordinated Amount of Class C Notes means, for the Class B ( - ) Notes for any date of determination, an amount equal to the sum of
Encumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of
Series A Notes is defined in Section 1.
Series B Equipment Notes means Equipment Notes issued and designated as “Series B Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series B Equipment Notes” and bearing interest at the Debt Rate for Series B Equipment Notes specified in Schedule I to the Indenture.
NIM Notes The notes to be issued pursuant to the Indenture.
Initial Class A-4 Note Balance means $75,000,000.
Class A-2 Final Scheduled Distribution Date means the Distribution Date.
Initial Class A-2 Note Balance means $235,000,000.
Class A-3 Final Scheduled Distribution Date means the Distribution Date.
Class A-4 Final Scheduled Distribution Date means February 15, 2024.
Class A Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class A Percentage for that distribution date, plus any Class A Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class A Noteholders’ Principal Distribution Amount will not exceed the outstanding principal balance of the class A notes, less all amounts, other than investment earnings, on deposit in the accumulation account.In addition, on the maturity date for any class of class A notes, the principal required to be distributed to the related noteholders will include the amount required to reduce the outstanding principal balance of that class to zero.