Class A-1 Note Trustee definition

Class A-1 Note Trustee means The Bank of New York, New York Branch or, if The Bank of New York is removed or retires as the trustee for the Class A-1 Noteholders, any person appointed from time to time in its place in accordance with the Class A-1 Note Trust Deed.
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Class A-1 Note Trustee means the Bank of New York, New York Branch or if the Bank of New York, New York Branch retires or is removed as Class A-1 Note Trustee, any then Substitute Class A-1 Note Trustee.
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Class A-1 Note Trustee means The Bank of New York, New York Branch.
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Examples of Class A-1 Note Trustee in a sentence

  • The Class A-1 Note Trustee, on its retirement or removal, must vest the Class A-1 Trust Fund or cause it to be vested in the Substitute Class A-1 Note Trustee and must deliver and assign to such Substitute Class A-1 Note Trustee as appropriate all books, documents, records and other property whatsoever relating to the Class A-1 Trust Fund.

  • In case, by reason of the suspension of regular mail services as a result of a strike, work stoppage or similar activity, it is impractical to mail notice of any event to Class A-1 Noteholders when such notice is required to be given, then any manner of giving such notice as the Issuer directs the Class A-1 Note Trustee will be deemed to be a sufficient giving of such notice.

  • The Security Trustee may retire as trustee under this Deed upon giving 3 months notice in writing to the Trustee, the Manager, the Class A-1 Note Trustee and the Rating Agencies or such lesser time as the Manager, the Trustee, the Security Trustee and the Class A-1 Note Trustee agree.

  • Any such waiver, authorisation or determination will, if the Class A-1 Note Trustee so requires, be notified to the Class A-1 Noteholders by the Issuer as soon as practicable after it is made in accordance with this Deed.

  • Each Substitute Class A-1 Note Trustee must upon its appointment execute a deed in such form as the Manager may require whereby such Substitute Class A-1 Note Trustee must undertake to the Class A-1 Noteholders to be bound by all the covenants on the part of the Class A-1 Note Trustee under this Deed from the date of such appointment.

  • The Class A-1 Note Trustee will forthwith give notice to the Manager, the Issuer, the Security Trustee and each Agent of any change in the Authorised Officers of the Class A-1 Note Trustee.

  • Upon retirement or removal of the Class A-1 Note Trustee as trustee of the Class A-1 Trust, the Class A-1 Note Trustee is released from all obligations under this Deed arising after the date of the retirement or removal except for its obligation to vest the Class A-1 Trust Fund in the Substitute Class A-1 Note Trustee and to deliver all books and records relating to the Class A-1 Trust to the Substitute Class A-1 Note Trustee.

  • Investments): any investment denominated in US dollars which has assigned to it the highest short-term credit rating from each Rating Agency or which is otherwise approved by that Rating Agency, and the Class A-1 Note Trustee may at any time vary any such investments and is not responsible for any loss resulting from such investments whether due to depreciation in value, fluctuations in exchange rates or otherwise.

  • The Class A-1 Note Trustee will be entitled to assume that any proposed alteration, addition or revocation will not be materially prejudicial to the interests of Class A-1 Noteholders if each of the Rating Agencies confirms in writing that if the alteration, addition or revocation is effected this will not lead to a reduction, qualification or withdrawal of the then rating given, respectively, to the Class A-1 Notes by the Rating Agency.

  • None of the Issuer, the Class A-1 Note Trustee, the Manager or any Agent (including the Class A-1 Note Registrar) is liable for any mistake in the Class A-1 Note Register or in any purported copy except to the extent that the mistake is attributable to its own fraud, negligence or wilful default.

Related to Class A-1 Note Trustee

  • Class A-1 Noteholders Interest Carryover Shortfall” means, with respect to any Payment Date, the excess of the Class A-1 Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class A-1 Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Holders of Class A-1 Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Holders of Class A-1 Notes on the preceding Payment Date, to the extent permitted by law, at the Class A-1 Interest Rate for the related Interest Period.

  • Class A-1 Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-1 Notes, issued in accordance with the Indenture.

  • Class A-1 Noteholder means the Person in whose name a Class A-1 Note is registered on the Note Register.

  • Class A-2 Noteholders means the Class A-2a Noteholders and the Class A-2b Noteholders.

  • Class A-1 Note means any of the 0.23000% Asset Backed Notes, Class A-1, issued under the Indenture, substantially in the form of Exhibit A to the Indenture.

  • Class A-2 Noteholder means the Person in whose name a Class A-2 Note is registered on the Note Register.

  • Class A-1 Note Rate means, (i) with respect to the initial Series 2003-2 Interest Period, 1.32% per annum and (ii) with respect to each Series 2003-2 Interest Period thereafter, a rate per annum equal to One-Month LIBOR for such Series 2003-2 Interest Period plus 0.20% per annum.

  • Class A-1 Note Balance means, at any time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes.

  • Class A Noteholders means, collectively, the Class A-1 Noteholders, the Class A-2 Noteholders, the Class A-3 Noteholders and the Class A-4 Noteholders.

  • Class A-2 Notes means the Class A-2a Notes and the Class A-2b Notes, collectively.

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Class A-2a Noteholder means the Person in whose name a Class A-2a Note is registered in the Note Register.

  • Initial Class A-1 Note Balance means $265,000,000.

  • Class B Noteholders Distribution Amount” means, for any distribution date, the sum of the Class B Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Principal Distribution Amount for that distribution date.

  • Class A Trustee means the trustee for the Class A Pass Through Trust.

  • 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 C Trustee Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • Class A-2-A Notes has the meaning assigned to such term in the Indenture.

  • Class A-2a Notes means the $359,000,000 Class A-2a 5.14% Asset Backed Notes issued by the Issuer, substantially in the form of Exhibit A to the Indenture.

  • Class C Noteholders means the holders of any Class C Notes from time to time.

  • Class D Noteholders means the holders of any Class D Notes from time to time.

  • Class A-2b Noteholder means the Person in whose name a Class A-2b Note is registered in the Note Register.

  • Class A Noteholder means the Person in whose name a Class A Note is registered in the Note Register.

  • B Notes means each of Note B-1 and Note B-2.

  • Class A-2 Note Balance means, at any time, the Initial Class A-2 Note Balance reduced by all payments of principal made prior to such time on the Class A-2 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.