Class A-2 Note Factor definition

Class A-2 Note Factor means, with respect to any Distribution Date, a seven-digit decimal figure equal to the Class A-2 Note Balance as of the close of business on such Distribution Date (after giving effect to all changes in the Class A-2 Note Balance made on that date) divided by the Initial Class A-2 Note Balance.
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Class A-2 Note Factor. The seven digit decimal number that the Servicer will compute or cause to be computed for each Collection Period and will make available on the related Determination Date representing the ratio of (i) the Class A-2 Principal Balance which will be outstanding on the next Payment Date (after taking into account all distributions and allocations to be made on such Payment Date) to (ii) the Class A-2 Initial Principal Balance.
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Class A-2 Note Factor. With respect to any Payment Date, a seven digit decimal number representing the ratio of (i) the Class A-2 Principal Balance which will be outstanding on the such Payment Date (after taking into account all distributions and allocations to be made on such Payment Date) to (ii) the Class A-2 Initial Principal Balance.
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Examples of Class A-2 Note Factor in a sentence

  • The Class A-2 Note Factor will be 1.0000000 as of the Closing Date; thereafter, the Class A-2 Note Factor will decline to reflect reductions in the Class A-2 Note Balance.


More Definitions of Class A-2 Note Factor

Class A-2 Note Factor means 1.0000000 as of the Closing Date, and as of the close of business on the last day of a Collection Period thereafter means a seven-digit decimal figure equal to the outstanding principal amount of the Class A-2 Notes as of such date (after giving effect to payments in reduction of the principal amount of the Class A-2 Notes on the immediately following Payment Date) divided by the initial Class A-2 Principal Balance of $63,269,000.
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Class A-2 Note Factor. As of any Payment Date, a seven-digit figure equal to the Class A-2 Note Balance as of the close of business on such Payment Date divided by the initial Class A-2
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Related to Class A-2 Note Factor

  • Class A-2 Note Rate means, for (i) the initial Series 2005-1 Interest Period, 2.71% per annum and (ii) any other Series 2005-1 Interest Period, the sum of 0.06% plus LIBOR for such Series 2005-1 Interest Period.

  • 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-2 Note means any of the 0.36% Asset Backed Notes, Class A‑2, issued under the Indenture substantially in the form attached thereto as Exhibit A-2.

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

  • Initial Class A-2 Note Balance means $235,000,000.

  • Class A-2 Note Interest Rate means a rate per annum equal to %.

  • 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-2 Rate means [ ]% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • 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-3 Note Balance means, at any time, the Initial Class A-3 Note Balance reduced by all payments of principal made prior to such time on the Class A-3 Notes.

  • Initial Class A-3 Note Balance means $380,000,000.

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

  • Class A-3 Note Interest Rate means a rate per annum equal to %.

  • 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.

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

  • Class A-2-A Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • 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-B Interest Rate means LIBOR + 0.27% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360 day year); provided, however, that for any Interest Period for which the sum of LIBOR + 0.27% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.

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

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

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

  • Class A-4 Note Balance means, as of any date, the Initial Class A-4 Note Balance reduced by all payments of principal made on or prior to such date on the Class A-4 Notes.

  • 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-1 Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed and a 360-day year).