Class R Notes definition

Class R Notes with respect to a Series, means the Classes of Notes identified as such in the related Series Supplement.
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Class R Notes as defined in the Recitals hereto.
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Class R Notes the Issuer's Class R-1 Notes and Class R-2 Notes.
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Examples of Class R Notes in a sentence

  • The proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections.

  • The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes.

  • All required consents have been obtained and all other conditions precedent to the issuance of the Notes, and the purchase of the Notes (other than the Class R Notes) under the Note Purchase Agreement shall have been satisfied.

  • The Opinion of Counsel set forth in Section 2.2(f)(i)(y) of the Base Indenture shall not be required with respect to the Class R Notes for any Series issued after the date hereof.

  • Each Noteholder agrees that it will cause any Note Owner acquiring an interest in a Note (other than the Class R Notes) through it to comply with this Indenture as to treatment as indebtedness for such tax purposes.

  • If, at any time, the Depositor is solely holding the Tax Matters Partner Amount of the Class R Notes and 100% of the Class R Noteholders other than the Depositor vote to effect such an Optional Redemption, the Depositor shall be deemed to consent to such Optional Redemption.

  • If specified in a Series Supplement, the Notes of any Series are subject to redemption as may be specified in the related Series Supplement, on any Business Day on which 100% of the Outstanding Class R Noteholders exercises their option to redeem the Notes (other than the Class R Notes) for the Redemption Price; provided, however, that the Issuer has available funds sufficient to pay the Redemption Price.

  • The Depositor shall at all times retain an interest in the Class R Notes that is no less than $0.02 (which will be deemed to be the equivalent of 2 units) of the nominal principal balance (the “Tax Matters Partner Amount”) of the Class R Notes, and shall agree to be the “Tax Matters Partner” for the Issuer as defined in Code section 6231(a)(7), which duties shall include signing the Issuer’s tax returns.

  • Exercise or agree to the exercise of the Optional Redemption, if the Seller is the holder of any or all of the Class R Notes.

  • The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes.


More Definitions of Class R Notes

Class R Notes as defined in the Recitals hereto. Class R-1 Initial Principal Amount: $_______.
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Class R Notes the Issuer's Class R-1 Notes and Class R-2 Notes. Class R-1 Notes - the Issuer's _____% Class R-1 Lease-Backed Notes, Series ______. Class R-2 Notes - the Issuer's _____% Class R-2 Lease-Backed Notes, Series ______. Code - the Internal Revenue Code of 1986, as amended.
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Class R Notes as defined in the Recitals hereto. CLASS R-1 INITIAL PRINCIPAL AMOUNT: $71,459,924.
Sample 1

Related to Class R Notes

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class R Certificates All Certificates bearing the class designation of "Class R".

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Class R-I Certificate Any one of the Class R-I Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC I for purposes of the REMIC Provisions.

  • Class R-II Certificate Any one of the Class R-II Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC II for purposes of the REMIC Provisions.

  • Class R-III Certificate Any one of the Class R-III Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC III for purposes of the REMIC Provisions.

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

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

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

  • Class R-1 Interest The uncertificated Residual Interest in REMIC 1.

  • Class R Residual Interests The Class R-1 and Class R-2 Residual Interests (which shall be transferable only as a unit evidenced by the Class R Certificates, in accordance with the applicable provisions of Section 5.01).

  • Class R-2 Residual Interest The uncertificated undivided beneficial interest in REMIC II which has been designated as the single class of “residual interest” in REMIC II pursuant to Section 2.11. The Class R-2 Residual Interest, together with the REMIC II Regular Interests, shall be deemed to be a separate series of beneficial interests in the assets of the Trust consisting of the REMIC II Assets pursuant to Section 3806(b)(2) of the Statutory Trust Statute.

  • Class R-X Certificate Any one of the Class R-X Certificates executed by the Trustee and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A-R-X and evidencing the ownership of the Class R-IV Interest, the Class R-V Interest and the Class R-VI Interest.

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Class R-2 Certificate Any Certificate designated a “Class R-2 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC II and representing the right to the Percentage Interest of distributions provided for the Class R-2 Certificates as set forth herein.

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

  • Class R-5 Interest The uncertificated Residual Interest in REMIC 5.

  • 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 R-II Interest The uncertificated Residual Interest in REMIC II.

  • Class R-1 Residual Interest The uncertificated undivided beneficial interest in REMIC I which has been designated as the single class of “residual interest” in REMIC I pursuant to Section 2.06.

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

  • 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.

  • Class R-1 Certificate Any Certificate designated a “Class R-1 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC I and representing the right to the Percentage Interest of distributions provided for the Class R-1 Certificates as set forth herein.

  • Class P Certificates All Certificates bearing the class designation of "Class P".

  • Class R-III Interest The uncertificated Residual Interest in REMIC III.

  • Class R Certificate The Class R Certificate executed by the Trustee, and authenticated and delivered by the Certificate Registrar, substantially in the form annexed hereto as Exhibit A and evidencing the ownership of the Class LT-R Interest and the residual interest in the Upper Tier REMIC.