Class A-1L Notes definition

Class A-1L Notes. The Class A-1L Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3.
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Class A-1L Notes means the $100,000,000 GMAC Education Loan Funding Trust-I, GMAC ELF Student Loan Asset-Backed Notes, Series 2003-2, Senior Class A-1L LIBOR Floating Rate.
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Class A-1L Notes means the $____________ Floating Rate Class A-1L Student ---------------- Loan-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A-2 thereto.
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Examples of Class A-1L Notes in a sentence

  • The Class A-1L Notes, the Class A-2L Notes and the Class A-3L Notes.

  • The Class A-1-L Notes, together with such other notes issued pursuant to the Indenture are collectively referred to herein as “Notes.” The Notes are secured as provided in the Indenture, but solely by the pledge of the Trust Estate described in the Indenture.

  • The Class A-2L Notes are subordinated to the Class A-1L Notes and the Class X Notes, the Class A-3L Notes are subordinated to the Senior Class A Notes and the Class X Notes, the Class B-1L Notes are subordinated to the Class A Notes and the Class X Notes and the Class B-2L Notes are subordinated to the Class A Notes, the Class X Notes and the Class B-1L Notes and, in the case of each Class of Notes, to the payment of certain fees and expenses as described herein.

  • The Co-Issuer will not engage in any business activity other than the co-issuance of the Class A-1L Notes, the Class A-2L Notes, the Class A-3L Notes, the Class B-1L Notes and the Class X Notes.

  • The Class A-1L Notes, the Class A-2L Notes, the Class A-3L Notes, the Class B-1L Notes, the Class B-2L Notes and the Class X Notes, as the case may be.

  • The Co-Issuer will not engage in any business activity other than the co-issuance of the Class X Notes, the Class A-1L Notes, the Class A-2L Notes, the Class A-3L Notes and the Class B-1L Notes.

  • Subject to the limitations provided in the Indenture and upon payment of any tax or governmental charge, Class A-1-L Notes may be exchanged for a like Class and aggregate principal amount of Class A-1-L Notes of other authorized denominations.

  • The Class A-1-L Notes are issuable as registered notes in the minimum denomination of $100,000 and $1,000 integral multiples in excess thereof.

  • Reference is made to the Indenture for a complete statement of the terms and conditions upon which the Class A-1-L Notes have been issued and provisions made for their security and for the rights, duties and obligations of the Issuer, the Indenture Trustee and the Registered Owners of the Class A-1-L Notes.

  • The Overcollateralization Ratio Test and the Interest Coverage Test applicable to the Class A-1L Notes, the Class A-1F Notes and the Class B Notes collectively.


More Definitions of Class A-1L Notes

Class A-1L Notes means the $100,000,000 GCO Education Loan Funding Trust-I, GCO ELF Student Loan Asset-Backed Notes, Series 2003-2, Senior Class A-1L LIBOR Floating Rate issued pursuant to the Series 2003-2 Supplemental Indenture.
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Class A-1L Notes means the Class A-1L Senior Secured Floating Rate Notes due August 2025 and having the terms as described herein.
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Related to Class A-1L 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.

  • 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.

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

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

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

  • Class E Notes has the meaning assigned to such term in the Indenture.

  • 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 B Notes means the Class B 5.03% Asset-Backed Notes substantially in the form of Exhibit B to the Indenture.

  • Class A-2-B Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-2-B Notes, issued in accordance with the Indenture.

  • 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-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 D Notes has the meaning assigned to such term in the Indenture.

  • Class A-2b Notes means the Class A-2b Floating Rate Asset-Backed Notes, substantially in the form of Exhibit A-2b to the Indenture.

  • Class A-4 Notes means the Class A-4 1.04% Asset Backed Notes, substantially in the form of Exhibit A.

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

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Class A-3 Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-3 Notes, issued in accordance with the Indenture.

  • 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-2B Certificates All Certificates bearing the class designation of "Class A-2B."

  • Class C Notes has the meaning assigned to such term in the Indenture.

  • 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-3 Certificates All Certificates bearing the class designation of "Class A-3".

  • Class A-2C Certificate Any Certificate designated as a "Class A-2C Certificate" on the face thereof, in the form of Exhibit A hereto, representing the right to distributions as set forth herein.

  • Class A-2, Class X-1," "Class X-2," "Class B," "Class C," "Class D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class R-I," "Class R-II" and "Class R-III" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.