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, 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 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.
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Examples of Class A-1 Note Trustee in a sentence

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

  • The Class A-1 Note Trustee is not responsible for recitals, statements, warranties or representations of any party (other than itself) contained in any Transaction Document (and is entitled to assume the accuracy and correctness thereof).

  • The Class A-1 Note Trustee will not be responsible to any Interested Person for any misconduct, or default on the part of any such person appointed by it under this Deed or be bound to supervise the proceedings or acts of any such person, provided that the Class A-1 Note Trustee has exercised good faith and due care in such appointment and that any such person will be a person who is in the opinion of the Class A-1 Note Trustee appropriately qualified to do any such things.

  • The Issuer, the Class A-1 Note Trustee, the Manager and each Agent (other than the Class A-1 Note Registrar) may accept the correctness of the Class A-1 Note Register and any information provided to it by the Class A-1 Note Registrar and is not required to enquire into its authenticity.

  • Except for the obligations imposed on it under this Deed, the Class A-1 Notes or any other Transaction Document, the Class A-1 Note Trustee is not obliged to do or omit to do any thing, including entering into any transaction or incurring any liability unless the Class A-1 Note Trustee's liability, is limited in a manner satisfactory to the Class A-1 Note Trustee in its absolute discretion.

  • Class A-1 Notes): The Class A-1 Note Trustee is not responsible for the receipt or application of the proceeds of issue of any of the Class A-1 Notes or (except when acting as Class A-1 Note Registrar and to the extent specifically provided in this Deed or the Agency Agreement) for the exchange, transfer or cancellation of any Class A-1 Note.

  • Obligations of the Class A-1 Note Trustee to any Interested Person or any other person under or in connection with this Deed can only be enforced against the Class A-1 Note Trustee to the extent to which they can be satisfied out of such moneys in accordance with this Deed.

  • The Class A-1 Note Trustee will not be responsible for acting in good faith upon a direction given, or purporting to be given, by Class A-1 Noteholders holding Class A-1 Notes with an Invested Amount of greater than 50% of the aggregate Invested Amount of all the Class A-1 Notes.

  • Duties of the Class A-1 Note Trustee following an Event of Default If an Event of Default has occurred and is subsisting the Class A-1 Note Trustee shall exercise the rights and powers vested in it by this Deed and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person's own affairs.

  • If the Class A-1 Note Trustee is entitled under the Master Trust Deed or the Security Trust Deed to vote at any meeting on behalf of Class A-1 Noteholders the Class A-1 Note Trustee must vote in accordance with the directions of the Class A-1 Noteholders and otherwise in its absolute discretion.

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 A-1 1.28000% Asset-Backed Notes, substantially in the form of Exhibit A-1 to 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 5.604% Asset Backed Notes, Class A‑1, issued under the Indenture substantially in the form attached thereto as Exhibit A-1.

  • 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, with respect to any Quarterly Interest Period, the interest rate per annum (computed on the basis of the actual number of days in such Quarterly Interest Period over a year of 360 days) equal to Three-Month LIBOR for the related LIBOR Reset Period plus 0.08%.

  • 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 Class A-2a 0.55% Asset-Backed Notes, substantially in the form of Exhibit A-2a 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.