Class B-1 Notes definition

Class B-1 Notes. The Class B-1 Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3.

Class B-1 Notes means any one of the Series 2005-4 Floating Rate Rental Car Asset Backed Notes, Class B-1, executed by HVF and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit A-2-1, Exhibit A-2-2 or Exhibit A-2-3. Definitive Class B-1 Notes shall have such insertions and deletions as are necessary to give effect to the provisions of Section 2.13 of the Base Indenture.

Class B-1 Notes. The Class B-1 Notes due November 25, 2035 issued under this Indenture in the original aggregate principal amount set forth in Section 2.02.

Examples of Class B-1 Notes in a sentence

• The Class A-1 Notes, the Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class A-5 Notes, Class M-1 Notes, Class M-2 Notes, Class B-1 Notes and Class B-2 Notes (collectively, the "Notes") are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture.

• By purchasing the Class B-1 Notes, Holders agree to treat such Class B-1 Notes as notional principal contracts for U.S. federal income tax purposes (except for U.S. withholding tax purposes) and, as a result, as (i) a deemed loan and (ii) an on-market swap, each of which is tax accounted for in the manner described in the Offering Circular, unless such Holders are required to treat the Class B-1 Notes in some other manner pursuant to a Final Tax Determination.

• Any amounts allocated to the Class M-1, Class M-2A, Class M-2B or Class B-1 Reference Tranches in the ninth, sixth, fifth or third priority above on any Payment Date will result in a corresponding reduction of the Interest Payment Amount of the Class X-0, Xxxxx X-0X, Class M- 2B or Class B-1 Notes, as applicable (in each case without regard to any exchanges of Exchangeable Notes for MAC Notes) for such Payment Date.

• For this reason, Beryl contains different model checking algorithms and heuristics to achieve termination for a large class of specifications.

• The Class A-1 Notes, the Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class A-4 IO Notes, Class M-1 Notes, Class M-2 Notes, Class B-1 Notes and Class B-2 Notes (collectively, the "Notes") are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture.

More Definitions of Class B-1 Notes

Class B-1 Notes means any one of the Series 2005-3 Floating Rate Rental Car Asset Backed Notes, Class B-1, executed by HVF and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit A-2-1, Exhibit A-2-2 or Exhibit A-2-3. Definitive Class B-1 Notes shall have such insertions and deletions as are necessary to give effect to the provisions of Section 2.13 of the Base Indenture.

Class B-1 Notes means the Class B-1 Notes issued by Party B pursuant to the Indenture.

Class B-1 Notes. Class B-2 Notes", "Class M-1 Notes" and "Class M-2 Notes" shall each have the meaning assigned thereto in the "WITNESSETH THAT" Clause of this Indenture.

Class B-1 Notes has the meaning set forth in the first recital.

Class B-1 Notes means the $15,300,000 Nelnet Education Loan Funding, Inc., Student Loan Asset-Backed Notes, Subordinate Class 2004-2B-1 Auction Rate Notes.

Class B-1 Notes means the $71,000,000 Floating Rate Class B-1 Student Loan-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit B-1 thereto.

Class B-1 Notes means the Class B-1 Fourth Priority Secured Floating Rate Notes due May 5, 2036, issued by the Co-Issuers on the Closing Date, that bear interest at a floating rate per annum equal to LIBOR plus 0.80%.