Class AV Notes definition

Class AV Notes. The Class AV-1 Notes, Class AV-2 Notes and Class AV-3 Notes.
Sample 1Sample 2Sample 3
Class AV Notes. The Class AV-1 and Class AV-2 Notes issued under this Indenture.
Sample 1
Class AV Notes means the Class AV Adjustable Rate Notes, substantially in the form of Exhibit B.
Sample 1

Examples of Class AV Notes in a sentence

  • On or before each Remittance Date and Redemption Date, the Issuer shall deposit or cause to be deposited in the Pool I Note Distribution Account and Pool II Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Class AF Notes and Class AV Notes, respectively, such sum to be held in trust for the benefit of the Persons entitled thereto and (unless the Paying Agent is the Trustee) shall promptly notify the Trustee of its action or failure so to act.

  • The Issuer hereby directs the Indenture Trustee to execute and the Securities Administrator (on behalf of the Indenture Trustee) to deliver and perform the Indenture Trustee’s obligations under the Class N Interest Rate Cap Agreement on the Closing Date and thereafter on behalf of the Holders of the Class AV Notes, the Class AF-1 Notes or the Class N Notes.

  • The Issuer hereby directs the Indenture Trustee to execute and the Securities Administrator (on behalf of the Indenture Trustee) to deliver and perform the Indenture Trustee’s obligations under the Class AV Interest Rate Cap Agreement, the Class AF-1 Interest Rate Cap Agreement and the Class N Interest Rate Cap Agreement on the Closing Date and thereafter on behalf of the Holders of the Class AV Notes, the Class AF-1 Notes or the Class N Notes.

  • The Trustee shall upon receipt of the Note Policies and Issuer Order authenticate and deliver Class AF-1 Notes for original issue in an aggregate principal amount of $401,250,000, Class AF-2 Notes for original issue in an aggregate principal amount of $133,750,000 and Class AV Notes for original issue in an aggregate principal amount of $360,000,000.

  • The Class AF Notes and Class AV Notes are and will be secured by the collateral pledged as security therefor as provided in the Indenture.

  • Without limiting the foregoing, subject to Section 8.2(c), the Issuer will cause to be distributed on a Remittance Date pursuant to the Sale and Servicing Agreement (i) all amounts on deposit in the Pool I Note Distribution Account for the benefit of the Class AF Notes to the Class AF Noteholders and (ii) all amounts on deposit in the Pool II Note Distribution Account for the benefit of the Class AV Notes to the Class AV Noteholders.

  • The Indenture Trustee acknowledges receipt of the Class AV Interest Rate Cap Agreement, the Class AF-1 Interest Rate Cap Agreement and the Class N Interest Rate Cap Agreement and declares that it holds and will continue to hold these documents and any amendments, replacements or supplements thereto and all other assets of the Trust as Indenture Trustee in trust for the use and benefit of all present and future Holders of the Class AF-1 Notes , Class AV Notes and the Class N Notes.

Related to Class AV 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.

  • 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-1 Notes means the Class A-1 1.28000% Asset-Backed Notes, substantially in the form of Exhibit A-1 to the Indenture.

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

  • 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 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-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.

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

  • Class A-2a Notes means the Class A-2a 0.55% Asset-Backed Notes, substantially in the form of Exhibit A-2a to the Indenture.

  • Class A-4 Notes means the Class A-4 3.44% Asset-Backed Notes, substantially in the form of Exhibit A-4 to the Indenture.

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

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

  • Series B Notes is defined in Section 1.

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

  • Initial Class A-4 Note Balance means $125,000,000.

  • 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-1 Note means any of 5.604% Asset Backed Notes, Class A‑1, issued under the Indenture substantially in the form attached thereto as Exhibit A-1.

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