Class B Asset Backed Notes definition

Class B Asset Backed Notes. (the “Class B Notes”), “Class C Asset Backed Notes” (the “Class C Notes”), “Class D Asset Backed Notes” (the “Class D Notes”) and “Class E Asset Backed Notes” (the “Class E Notes”) (and collectively with the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes, the “Notes”). This Certificate is issued under and is subject to the terms, provisions and conditions of the Trust Agreement, to which Trust Agreement the holder of this Certificate by virtue of the acceptance hereof assents and by which such holder is bound. The property of the Trust includes a pool of retail installment sale contracts secured by new and used automobiles, vans or light duty trucks (the “Receivables”), all monies due thereunder on or after the Cutoff Date, security interests in the vehicles financed thereby, certain bank accounts and the proceeds thereof, proceeds from claims on certain insurance policies and certain other rights under the Trust Agreement and the Sale and Servicing Agreement, all right, title and interest of the Seller in and to the Purchase Agreement, dated as of March 10, 2021, between AmeriCredit Financial Services, Inc. and the Seller and all proceeds of the foregoing. The holder of this Certificate acknowledges and agrees that its rights to receive distributions in respect of this Certificate are subordinated to the rights of the Noteholders as described in the Sale and Servicing Agreement, the Indenture and the Trust Agreement, as applicable. Distributions on this Certificate will be made as provided in the Trust Agreement or any Basic Document by wire transfer or check mailed to the Certificateholder without the presentation or surrender of this Certificate or the making of any notation hereon. Except as otherwise provided in the Trust Agreement and notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Servicer on behalf of the Owner Trustee of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency maintained for the purpose by the Owner Trustee in the Corporate Trust Office. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon shall have been executed by an authorized officer of the Owner Trustee, by manual s...
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Class B Asset Backed Notes. (the "Class B Notes" and, together with the Class A Notes, the "Notes"), are issued under 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 Trust, 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-3 Notes are subordinated in right of payment to the Class A-1 Notes and the Class A-2 Notes and are senior in right of payment to the Class A-4 Notes and the Class B Notes, each as and to the extent provided in the Indenture.
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Class B Asset Backed Notes. (the "Class B Notes") and 6.20% Class C Asset Backed Notes (the "Class C Notes" and, together with the Class A Notes and the Class B Notes, the "Notes"), and the Swap Counterparty: GRANTING CLAUSE The Issuer hereby Grants to the Indenture Trustee at the Closing Date, as Indenture Trustee for the benefit of the Holders of the Notes and the Swap Counterparty, all of the Issuer's right, title and interest in, to and under, whether now owned or existing or hereafter acquired or arising:
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Examples of Class B Asset Backed Notes in a sentence

  • The sale of the Subsequent Receivables is described in the prospectus dated September 6, 2006 and the prospectus supplement dated September 7, 2006 (together, the “Prospectus”), which relates to the offering by the Trust of 5.39275% Class A-1 Asset Backed Notes, 5.330% Class A-2 Asset Backed Notes, 5.200% Class A-3 Asset Backed Notes, floating rate Class A-4 Asset Backed Notes and 5.360% Class B Asset Backed Notes (collectively, the “Notes”).

  • THE ESOS FRAMEWORK THE ESOS Framework - ensures the provision of quality education for and the protection of the rights of overseas students.

  • Concurrently with the issuance and sale of the Class A Notes as contemplated herein, the Trust will issue $______________ aggregate principal amount of _____% Class B Asset Backed Notes (the "Class B Notes" and, together with the Class A Notes, the "Notes").

  • Caterpillar Financial Funding Corporation, a Nevada corporation (the “Seller”), proposes to cause Caterpillar Financial Asset Trust 2005-A (the “Trust”) to issue $23,480,000 aggregate principal amount of 4.27% Class B Asset Backed Notes (the “Class B Notes”) and to sell the Class B Notes to Mxxxxxx Lynch, Pierce, Fxxxxx & Sxxxx Incorporated (the “Underwriter”).

  • The sale of the Subsequent Receivables is described in the prospectus dated November 1, 1998 and the prospectus supplement dated _____________, 199__ (together, the "Prospectus"), which relates to the offering by the Trust of Class A-1 _____% Asset Backed Notes, Class A-2 _____% Asset Backed Notes, Class A-4 _____% Asset-Backed Notes, Class A-3 _____% Asset- Backed Notes and Class B Asset Backed Notes (collectively, the "Notes") and the _____% Asset Backed Certificates (the "Certificates").

  • The sale of the Subsequent Receivables is described in the prospectus dated September 10, 1996 and the prospectus supplement dated _____________, 1997 (together, the "Prospectus"), which relates to the offering by the Trust of Class A-1 _____% Asset Backed Notes, Class A-2 _____% Asset Backed Notes, Class A-3 _____% Asset-Backed Notes and Class B Asset Backed Notes (collectively, the "Notes") and the _____% Asset Backed Certificates (the "Certificates").

  • Issued under the: (a) Indenture dated as of August 1, 1998, between the Trust and Hxxxxx Trust and Savings Bank, as Indenture Trustee, are notes designated as "______% Class A-1 Asset Backed Notes," "______% Class A-2 Asset Backed Notes," "_______% Class A-3 Asset Backed Notes," "______% Class A-4 Asset Backed Notes" and "______% Class B Asset Backed Notes" (collectively, the "Notes").

  • KCDC encourages voucher holders to move outside of low income areas and minority concentrated areas (see attached map).

  • The sale of the Subsequent Receivables is described in the prospectus dated [ ] and the prospectus supplement dated [ ] (together, the “Prospectus”), which relates to the offering by the Trust of [ ]% Class A-1 Asset Backed Notes, [ ]% Class A-2 Asset Backed Notes, [ ]% Class A-3 Asset Backed Notes, [ ]% Class A-4 Asset Backed Notes and [ ]% Class B Asset Backed Notes (collectively, the “Notes”) and the [ ]% Asset Backed Certificates (the “Certificates”).

  • Date: , 20__ [ ], not in its individual capacity but solely as Indenture Trustee, By: Authorized Signatory This Note is one of a duly authorized issue of Notes of the Issuer, designated as its Class B Asset Backed Notes (herein called the “Class B Notes”), all issued under 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 Holders of the Notes.


More Definitions of Class B Asset Backed Notes

Class B Asset Backed Notes. (collectively, the "Notes"). This Trust Certificate is issued under and is subject to the terms, provisions and conditions of the Trust Agreement, to which Trust Agreement the holder of this Trust Certificate by virtue of the acceptance hereof assents and by which holder is bound. Each Holder of this Trust Certificate acknowledges and agrees that its rights to receive distributions in respect of this Trust Certificate are subordinated to the rights of the Noteholders as described in the Sale and Servicing Agreement and the Indenture. It is the intent of the Seller, Servicer and the Certificateholders that, for purposes of Federal income, State and local income and franchise and any other income taxes measured in whole or in part by income, until the Trust Certificates are held by other than the Seller, the Trust will be disregarded as an entity separate from its owner. At such time that the Trust Certificates are held by more than one person, it is the intent of the Seller, Servicer and the Certificateholders that, for purposes of Federal income, State and local income and franchise and any other income taxes measured in whole or in part by income, the Trust will be treated as a partnership, the assets of which are the assets held by the Trust, and the Certificateholders (including the Depositor (and its transferees and assigns) in its capacity as recipient of distributions from the Spread Account) will be treated as partners in that partnership. The Depositor and the other Certificateholders, by acceptance of a Trust Certificate, agree to treat, and to take no action inconsistent with the treatment of, the Trust Certificates as such for tax purposes. Each Certificateholder, by its acceptance of a Trust Certificate, covenants and agrees that such Certificateholder will not at any time institute against the Seller or the Trust, or join in any institution against the Seller or the Trust of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States Federal or State bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, the Trust Agreement or any of the Basic Documents. The Trust Certificates do not represent an obligation of, or an interest in, the Seller, the Servicer, Case Credit Corporation, the Trustee or any affiliates of any of them and no recourse may be had against such parties or their assets, except as may be expressly set fort...
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Class B Asset Backed Notes. (the "Class B Notes" and, together with the Class A Notes, the "Notes"): GRANTING CLAUSE The Trust hereby Grants to Indenture Trustee on the Closing Date and on each Funding Date, as Indenture Trustee for the benefit of the Holders of the Notes, all of the Trust's right, title and interest in and to (a) the Receivables, and all moneys received thereon after the related Cutoff Date; (b) the security interests in the Financed Vehicles granted by Obligors pursuant to the Receivables and any other interest of the Trust in the Financed Vehicles and any other property that shall secure the Receivables; (c) any proceeds with respect to the Receivables from claims on any Insurance Policies covering Financed Vehicles or the Obligors; (d) rebates of premiums relating to Insurance Policies and rebates of other items such as extended warranties financed under the Receivables, in each case, to the extent the Servicer would, in accordance with its customary practices, apply such amounts to the Principal Balance of the related Receivable; (e) any proceeds from (i) any Receivable repurchased by a Dealer, pursuant to a Dealer Agreement, as a result of a breach of representation or warranty in the related Dealer Agreement, (ii) a default by an Obligor resulting in the repossession of the Financed Vehicle under the applicable Motor Vehicle Loan or (iii) any Dealer Recourse or other rights relating to the Receivables under Dealer Agreements; (f) all funds on deposit from time to time in the Trust Accounts and in the Pre-Funding Account and the Reserve Account, and in all investments and proceeds thereof; (g) under the Purchase Agreement; (h) in any instrument or document relating to the Receivables; (i) the Trust's rights under the Sale and Servicing Agreement; (j) all present and future claims, demands, causes and choses in action in respect of any or all of the foregoing and all payments on or under and all proceeds of every kind and nature whatsoever in respect of any or all of the foregoing, including all proceeds of the conversion, voluntary or involuntary, into cash or other liquid property, all cash proceeds, accounts, accounts receivable, notes, drafts, acceptances, chattel paper, checks, deposit accounts, insurance proceeds, condemnation awards, rights to payment of any and every kind and other forms of obligations and receivables, instruments and other property which at any time constitute all or part of or are included in the proceeds of any of the foregoing; (k) t...
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Related to Class B Asset Backed Notes

  • Asset Backed Notes (the "Class A-2 Notes"), Class A-3 4.30% Asset Backed Notes (the "Class A-3 Notes"), Class A-4 4.36% Asset Backed Notes (the "Class A-4 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Class A Notes"), Class B 4.52% Asset Backed Notes (the "Class B Notes"), Class C 4.72% Asset Backed Notes (the "Class C Notes") and Class D 6.76% Asset Backed Notes (the "Class D Notes" and, together with the Class A Notes, the Class B Notes and the Class C Notes, the "Notes"), are issued under 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. Interest on and principal of the Notes will be payable in accordance with the priority of payments set forth in Section 8.2 of the Indenture.

  • Asset-Backed Securities means securities which:

  • Class B Notes means the Class B 5.03% Asset-Backed Notes substantially in the form of Exhibit B to the Indenture.

  • Asset Backed Certificate (herein called the “Certificate”). Also issued under the Indenture, dated as of August 19, 2020, among the Trust and Xxxxx Fargo Bank, N.A., as trustee and trust collateral agent, are seven classes of Notes designated as “Class A-1 0.18952% Asset Backed Notes” (the “Class A-1 Notes”), “Class A-2-A 0.35% Asset Backed Notes” (the “Class A-2-A Notes”), “Class A-3 0.45% Asset Backed Notes” (the “Class A-3 Notes”), “Class A-4 0.58% Asset Backed Notes” (the “Class A-4 Notes” and together with the Class A-1 Notes, the Class A-2-A Notes and the Class A-3 Notes, the “Class A Notes”), “Class B 0.81% Asset Backed Notes” (the “Class B Notes”), “Class C 1.37% Asset Backed Notes” (the “Class C Notes”) and “Class D 1.91% Asset Backed Notes” (the “Class D Notes” and collectively with the Class A Notes, the Class B Notes and the Class C Notes, the “Notes”). This Certificate is issued under and is subject to the terms, provisions and conditions of the Trust Agreement, to which Trust Agreement the holder of this Certificate by virtue of the acceptance hereof assents and by which such holder is bound. The property of the Trust includes a pool of retail installment sale contracts secured by new and used automobiles, utility vehicles or light duty trucks (the “Receivables”), all monies due thereunder on or after the Cutoff Date, security interests in the vehicles financed thereby, certain bank accounts and the proceeds thereof, proceeds from claims on certain insurance policies and certain other rights under the Trust Agreement and the Sale and Servicing Agreement, all right, title and interest of the Seller in and to the Purchase Agreement, dated as of August 19, 2020, between GM Financial and the Seller and all proceeds of the foregoing. The holder of this Certificate acknowledges and agrees that its rights to receive distributions in respect of this Certificate are subordinated to the rights of the Noteholders as described in the Sale and Servicing Agreement, the Indenture and the Trust Agreement, as applicable. Distributions on this Certificate will be made as provided in the Trust Agreement or any Basic Document by wire transfer or check mailed to the Certificateholder without the presentation or surrender of this Certificate or the making of any notation hereon. Except as otherwise provided in the Trust Agreement and notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Servicer on behalf of the Owner Trustee of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency maintained for the purpose by the Owner Trustee in the Corporate Trust Office. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon shall have been executed by an authorized officer of the Owner Trustee, by manual signature, this Certificate shall not entitle the holder hereof to any benefit under the Trust Agreement or the Sale and Servicing Agreement or be valid for any purpose. THIS CERTIFICATE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

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

  • 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.

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

  • Class D 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 C Note Principal Balance means, on any date of determination, an amount equal to (a) the Class C Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class C Noteholders on or prior to such date.

  • Mortgage-backed Securities means securities that are secured or otherwise backed by Mortgage Loans.

  • 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 C Note Initial Principal Balance means $18,948,000.

  • 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 Note Principal Balance means, on any date of determination, an amount equal to (a) the Class B Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class B Noteholders on or prior to such date.

  • Class of Notes means each of the Classes of Notes being:

  • Term Notes means, collectively, the Term A Notes and the Term B Notes.

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

  • Asset-backed security means a security that is primarily serviced by the cash flows of a discrete pool of mortgages, receivables or other financial assets, fixed or revolving, that by their terms convert into cash within a finite period and any rights or other assets designed to assure the servicing or the timely distribution of proceeds to securityholders;

  • Class B Note Initial Principal Balance means $30,822,000.

  • Class A Note Principal Balance means, on any date of determination, an amount equal to (a) the Class A Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class A Noteholders on or prior to such date.

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • Class A-3 Interest Rate means 1.49% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • 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.

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

  • Initial Note Principal Balance means, with respect to each Note as of any date of determination, the “Initial Note Principal Balance” for such Note set forth in Part B of the Mortgage Loan Schedule.