Class A Note Purchase Agreement definition
Examples of Class A Note Purchase Agreement in a sentence
In the case of any such conveyance, the purchase price shall be deposited in the Collection Account and shall be distributed to the Class A Noteholders in accordance with the terms of the Class A Note Purchase Agreement.
For Class A Funding Tranches that accrue interest by reference to a commercial paper rate or the Benchmark (as defined in the Class A Note Purchase Agreement), a specified period (each, a “Class A Fixed Period”) will be designated in the Class A Note Purchase Agreement during which that Class A Funding Tranche may accrue interest at a fixed rate.
The Class A Maximum Principal Balance may be reduced or increased from time to time as provided in the Class A Note Purchase Agreement.
The Class A Notes shall be Definitive Notes and initially shall be registered in the Note Register in the name of the initial purchasers of such Notes identified in the Class A Note Purchase Agreement.
For purposes of such determination, Servicer shall rely upon information provided by the various Administrative Agents pursuant to the Class A Note Purchase Agreement including estimates of the interest to accrue on any Class A Funding Tranche through the related Distribution Date.