Class B Notes definition

Class B 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 B Notes means the Class of Auto Loan Asset Backed Notes designated as Class B Notes, issued in accordance with the Indenture.

Examples of Class B Notes in a sentence

• Each of (i) the subordination of interest payments to the Noteholders of the Class B Notes to the payment of any First Priority Principal Payment to the Noteholders of the Class A Notes and (ii) the subordination of interest payments to the Noteholders of the Class C Notes to the payment of any Second Priority Principal Payment to the Noteholders of the Class A Notes and the Class B Notes under Section 8.2(c) is a subordination agreement within the meaning of Section 510(a) of the Bankruptcy Code.

• To the extent lawful and enforceable, interest on any interest that is not paid when due on any Class A-1A Notes, Class A-1 Loans, Class A-1AL Notes, Class A-1B Notes or Class A-2 Notes or, if there are no Class A-1A Notes, Class A-1 Loans, Class A-1AL Notes, Class A-1B Notes or Class A-2 Notes Outstanding, any Class B Notes, or if no Class B Notes are Outstanding, any Class C Notes shall accrue at the Interest Rate for such Class until paid as provided herein.

More Definitions of Class B Notes

Class B Notes means the Class B 2.38% Asset-Backed Notes substantially in the form of Exhibit B to the Indenture.

Class B Notes means the Class B Asset Backed Notes, substantially in the form of Exhibit B.

Class B Notes means the $98,000,000 Class B 3.38% Asset Backed Notes issued by the Issuer, substantially in the form of Exhibit A to the Indenture.

Class B Notes. The 2.40% Asset Backed Notes, Class B in the initial aggregate principal balance of $11,760,000 issued pursuant to the Indenture.

Class B Notes means the [__]% Asset Backed Notes, Class B, substantially in the form of Exhibit A-6.

Class B Notes means the 5.47% Class B Asset-backed Notes issued by the Issuer pursuant to the Indenture in the initial aggregate principal amount of $39,590,000.

Class B Notes means the $54,000,000 Floating Rate Class B Student Loan-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A-7 thereto.