Class C Notes definition

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

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

Class C 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-3.

Examples of Class C Notes in a sentence

The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes and the Class C Notes (collectively, the “Notes”) are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture and subject to the subordination provisions therein.
Subject to Section 7.02, the sole remedy of the Issuing Entity, the Owner Trustee, the Indenture Trustee, the Certificateholders or the Noteholders with respect to a breach pursuant to Section 4.02, 4.05, 4.06 or 7.01 or the extension of a Receivable beyond the month immediately preceding the month in which the Final Scheduled Payment Date for the Class C Notes occurs under Section 4.02 shall be to require the Servicer to purchase such Receivables.
Each Funding Agent and each Junior Noteholder shall have received a letter, in form and substance satisfactory to such Funding Agent and such Junior Noteholder, from Moody’s stating that the Class B Notes have received a rating of at least “Baa3” and the Class C Notes have received a rating of at least “Ba2”.
The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes and the Class C Notes (collectively, the “Notes”) are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture and subject to the subordination provisions set forth therein.
No payments on account of interest shall be made with respect to the Class C Notes on any Distribution Date until all payments of interest then due and payable with respect to the Class A Notes and Class B Notes (including, without limitation, all accrued interest, all Class A Senior Monthly Shortfall, all interest accrued on such Class A Senior Monthly Shortfall, all Class B Senior Monthly Shortfall and all interest accrued on such Class B Senior Monthly Shortfall) have been paid in full.

More Definitions of Class C Notes

Class C Notes means the [ ]% Asset Backed Notes, Class C, substantially in the form of Exhibit C to the Indenture.

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

Class C Notes means the $31,570,000 Class C 0.00% Asset Backed Notes issued by the Issuer, substantially in the form of Exhibit A to the Indenture.

Class C Notes. The 2.69% Asset Backed Notes, Class C in the initial aggregate principal balance of $22,600,000 issued pursuant to the Indenture.

Class C Notes means the 5.19% Class C Asset-backed Notes issued by the Issuer pursuant to the Indenture in the initial aggregate principal amount of $35,000,000.

Class C Notes means the Class C Notes issued pursuant to the Indenture.

Class C Notes means the $80,800,000 Class C 0.89% Asset Backed Notes issued by the Trust, substantially in the form of Exhibit A to this Indenture.