Class A-3L Notes definition

Class A-3L Notes means, prior to the Refinancing Date, the Class A-3L Mezzanine Secured Deferrable Floating Rate Notes due August 2025issued pursuant to this
Class A-3L Notes means, prior to the Refinancing Date, the Class A-3L Mezzanine Secured Deferrable Floating Rate Notes due August 2025issued pursuant to this Indenture and having the terms as describedcharacteristics specified in this Indenture (as in effect prior to the Refinancing Date), and, on and after the Refinancing Date, the Class A-3R Mezzanine Secured Deferrable Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified herein.
Class A-3L Notes or "Class A-3 Notes" and, the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes together, the "Notes") are issued under and secured by the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuer, the Indenture Trustee and the Noteholders. The Notes are subject to all terms of the Indenture. The Class A-1 Notes are and will be equally and ratably secured by the Collateral pledged as security therefor as provided in the Indenture. The Class A-1 Notes are senior in right of payment to the Class A-2 Notes, and the Class A-1 Notes and the Class A-2 Notes are senior in right of payment to the Class A-3 Notes, each as and to the extent provided in the Indenture.

Examples of Class A-3L Notes in a sentence

  • The ratings of the Notes by S&P address solely the likelihood of timely payment of the Periodic Interest Amount on and the ultimate payment of the Aggregate Principal Amount of each Class of Senior Class A Notes, the timely payment of the Class X Payment and the ultimate payment of the Cumulative Interest Amount and the Aggregate Principal Amount of the Class A-3L Notes, the Class B-1L Notes and the Class B-2L Notes.

  • Remedies pursued by the Holders of the Senior Class A Notes and the Class X Notes could be adverse to the interests of the Class A-3L Notes and the Class B Notes.

  • The failure to pay interest on the Class A-3L Notes will not constitute an Event of Default so long as any Senior Class A Notes or Class X Notes remain Outstanding, the failure to pay interest on the Class B-1L Notes will not constitute an Event of Default so long as any Class A Notes or Class X Notes remain Outstanding and the failure to pay interest on the Class B-2L Notes will not constitute an Event of Default so long as any Class A Notes, Class X Notes or Class B-1L Notes remain Outstanding.

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

  • By: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee By: Name: Title: Attest This Note is one of the Class A-3-L Notes and described in the provisions of the within-mentioned Indenture.

  • 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 Class A-2L Notes are subordinated to the Class A-1 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 X Notes, the Class A-1L Notes, the Class A-2L Notes, the Class A-3L Notes and the Class B-1L Notes.

  • 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.


More Definitions of Class A-3L Notes

Class A-3L Notes means the $235,000,000 GCO Education Loan Funding Trust-I, GCO ELF Student Loan Asset-Backed Notes, Series 2005-1, Senior Class A-3L LIBOR Floating Rate.
Class A-3L Notes has the meaning set forth in the first recital.
Class A-3L Notes or "Class A-3 Notes"), which, together with the Issuer's Floating Rate Class A-1L Student Loan-Backed Notes (the "Class A-1L Notes"), the Floating Rate Class A-1T Student Loan-Backed Notes (the "Class A-1T Notes" and with the Class A-1L Notes, the "Class A-1 Notes"), and the Floating Rate Class A-2L Student Loan-Backed Notes (the "Class A-2L Notes" or "Class A-2 Notes" and, the Class A-1 Notes, the Class A-2 Notes, and the Class A-3 Notes together, the "Notes") are issued under and secured by the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuer, the Indenture Trustee and the Noteholders. The Notes are subject to all terms of the Indenture. The Class A-3 Notes are and will be equally and ratably secured by the Collateral pledged as security therefor as provided in the Indenture. The Class A-1 Notes are senior in right of payment to the Class A-2 Notes, and the Class A-1 Notes and the Class A-2 Notes are senior in right of payment to the Class A-3 Notes, each as and to the extent provided in the Indenture.

Related to Class A-3L 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.

  • Class A-3 Notes means the Class A-3 4.21% Asset Backed Notes, substantially in the form of Exhibit A-3.

  • Class A-2a Notes means the [__]% Asset Backed Notes, Class A-2a, substantially in the form of Exhibit A-2 to the Indenture.

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

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

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

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

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

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

  • Class B Notes means any one of the Notes executed by the Issuer and authenticated by or on behalf of the Indenture Trustee, substantially in the form of Exhibit A-2.

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

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

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

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

  • Class A-1 Note means any of the 2.50000% Asset Backed Notes, Class A‑1, issued under the Indenture substantially in the form attached thereto as Exhibit A-1.

  • 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.

  • 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.

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

  • 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-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.

  • Initial Class A-4 Note Balance means $75,000,000.

  • Class A-2 Note means any of the 0.51% Asset Backed Notes, Class A-2, issued under the Indenture substantially in the form attached thereto as Exhibit A-1.

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