Class A-3b Notes definition

Class A-3b Notes means the Class A-3b Floating Rate Asset Backed Notes, substantially in the form of Exhibit A-3b.

Class A-3b Notes has the meaning set forth in the Indenture.

Class A-3b Notes means the Class A-3b Notes, substantially in the form of Exhibit A-3b.

Examples of Class A-3b Notes in a sentence

• The Class A-3 Notes will be further divided into 2 sub-classes: the Class A-3a Notes (being fixed interest bearing Class A-3 Notes) and the Class A-3b Notes (being floating interest bearing Class A-3 Notes).

• In such an event, first, principal payments on the Class A-1 Notes shall be made, and second, principal payments on the Class A-2 Notes, Class A-3a Notes and Class A-3b Notes shall be made pro rata to the Noteholders entitled thereto.

• Principal payments on the Class A-3a Notes and Class A-3b Notes shall be made pro rata based on the principal balances of the Class A-3a Notes and the Class A-3b Notes until they are paid in full.

• However, to the extent provided in the Indenture, each Class will receive principal payment sequentially so that, except as otherwise provided in the Indenture, no principal payments shall be made in respect of (i) the Class A-2 Notes until the Class A-1 Notes have been paid in full, and (ii) the Class A-3a Notes and the Class A-3b Notes until the Class A-2 Notes have been paid in full.

• There is no maximum or minimum Interest Rate for the Class A-2b Notes, the Class A-3b Notes or the Class A-4b Notes.

More Definitions of Class A-3b Notes

Class A-3b Notes. The Class A-3b Floating Rate Asset Backed Notes in the initial aggregate principal amount of $528,000,000 issued pursuant to the Indenture. Class A-4 Notes: Collectively, the Class A-4a Notes and the Class A-4b Notes.

Class A-3b Notes means the $1,740,000,000 aggregate initial principal amount Class A-3b Floating Rate Asset Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A-3b to the Indenture.

Class A-3b Notes means the LIBOR plus 0.02% Class A-3b Asset Backed Notes, substantially in the form of Exhibit A.

Class A-3b Notes means $273,250,000 aggregate initial principal amount Class A-3B 1.99% Asset Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A-3B to the Indenture.

Class A-3b Notes. The [Floating Rate] Asset Backed Notes, Class A-3b in the initial aggregate principal balance of $ issued pursuant to the CARAT Indenture.

Class A-3b Notes means the $114,000,000 aggregate principal amount of 1.63% Receivable-Backed Notes, Class A-3b, issued pursuant to the Indenture.

Class A-3b Notes means any Class A-3b Notes described in Article II of, and authorized by, and authenticated and delivered under, the Indenture.