Exchange Note definition

Exchange Note means the Closed-End Exchange Note.

Exchange Note has the meaning specified in Section 4.1(a) of the Credit and Security Agreement.

Exchange Note means any Series B Note issued in exchange for an Original Note pursuant to the Exchange Offer or the Private Exchange.

Examples of Exchange Note in a sentence

• Each party hereto acknowledges and agrees (and each holder or pledgee of the Exchange Note, by virtue of its acceptance of such Exchange Note or pledge thereof acknowledges and agrees) that (a) the Closed-End Collateral Specified Interest is a separate series of the Titling Trust as provided in Section 3806(b)(2) of Chapter 38 of Title 12 of the Delaware Code, 12 Del.

• The representations and warranties set forth in this Section 2.3(a) shall speak only as of the date hereof and shall survive the sale of the Exchange Note hereunder.

• Capitalized terms used but not otherwise defined in this Agreement or in Appendix 1 to the Exchange Note Supplement are defined in Appendix A to the Amended and Restated Credit and Security Agreement, dated as of December 1, 2006 (the “Credit and Security Agreement”), among the Titling Companies, as Borrowers, U.S. Bank, as Administrative Agent, HTD, as Collateral Agent and Ford Credit, as Lender and Servicer.

• The Depositor shall file such financing statements and cause to be filed such continuation and other statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of the Buyer under this Agreement in the Exchange Note.

• The sale and contribution of the Exchange Note shall be reflected on the Depositor’s balance sheet and other financial statements as a sale and contribution of assets by the Depositor.

More Definitions of Exchange Note

Exchange Note means any Note issued in exchange for an Original Note or Original Notes or an Additional Note or Additional Notes pursuant to the Exchange Offer or otherwise registered under the Securities Act and any Note with respect to which the next preceding Predecessor Note of such Note was an Exchange Note.

Exchange Note or a “Transfer Restricted Security” shall include a reference to the related Guarantee.

Exchange Note means each note issued under the Exchange Notes Indenture delivered pursuant to Section 3.01 and 8.20; collectively, the “Exchange Notes”.

Exchange Note means any security of the Company to be offered to Holder in exchange for a Note of a series pursuant to the Exchange Offer or otherwise pursuant to a Registration, containing terms identical in all material respects to the Notes of such series for which they are exchanged, except that (i) interest thereon shall accrue from the last date on which interest was paid on the Notes or, if no such interest has been paid, from the date of issuance of the Notes and (ii) the Exchange Notes will not contain terms with respect to transfer restrictions or the payment of additional interest upon the occurrence of a Registration Default.

Exchange Note means the Promissory Note evidencing the Exchange Loan by Borrower for the benefit of Lender, dated as of its date of issuance, as amended, extended or supplemented from time to time, in substantially the form attached as Exhibit A.

Exchange Note has the meaning specified in Section 11.3(a).

Exchange Note or "Exchange Notes" have the meaning provided in the preamble to this Indenture.