Class D Notes definition

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

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

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

Examples of Class D Notes in a sentence

• The Overcollateralization Ratio Test and the Interest Coverage Test, each as applied with respect to the Class D Notes.

• The Class B Notes, the Class C Notes and the Class D Notes of the DiscoverSeries and other tranches of Class A Notes of the DiscoverSeries will also be issued under the Indenture and the Indenture Supplement.

• The Class A-4 Notes, the Class B Notes, the Class C Notes and the Class D Notes are subordinated to the Class A-3 Notes to the extent set forth in the Indenture and the Sale and Servicing Agreement.

• The Class C Notes and the Class D Notes are subordinated to the Class B Notes to the extent set forth in the Indenture and the Sale and Servicing Agreement.

• The Class B Notes, the Class C Notes and the Class D Notes are subordinated to the Class A-4 Notes to the extent set forth in the Indenture and the Sale and Servicing Agreement.

More Definitions of Class D Notes

Class D Notes means the 5.36% Class D Asset-backed Notes issued by the Issuer pursuant to the Indenture in the initial aggregate principal amount of $17,720,000.

Class D Notes. The 2.99% Asset Backed Notes, Class D in the initial aggregate principal balance of $12,330,000 issued pursuant to the Indenture.

Class D Notes means any one of the Notes executed by the Owner Trustee, on behalf of the Issuer, and authenticated by or on behalf of the Indenture Trustee, substantially in the form of Exhibit A-5.

Class D Notes means the $31,570,000 Class D 2.35% Asset Backed Notes issued by the Issuer, substantially in the form of Exhibit B to the Indenture.

Class D 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-4.

Class D Notes means the $31,590,000 Class D 2.70% Asset Backed Notes issued by the Issuer, substantially in the form of Exhibit B to the Indenture.

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