Group I Class A Notes definition

Group I Class A Notes means the Class I-A-1 Notes and Class I-A-2 Notes.
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Examples of Group I Class A Notes in a sentence

  • The rights of the Issuer's Floating Rate Class I-B Asset Backed Notes (the "Class I-B Notes" and together with the Group I Class A Notes, the "Group I Notes") are and will be subordinated to the rights of the Group I Class A Notes as provided in the Indenture.

  • The rights of the Issuer’s Floating Rate Class I-B Asset Backed Notes (the “Class I-B Notes” and together with the Group I Class A Notes, the “Group I Notes”) are and will be subordinated to the rights of the Group I Class A Notes as provided in the Indenture.

  • The rights of the Issuer’s Floating Rate [Class I-B] Asset Backed Notes (the “[Class I-B] Notes” and together with the [Group I Class A] Notes, the “[Group I] Notes”) are and will be subordinated to the rights of the [Group I Class A] Notes as provided in the Indenture.

  • The Class I-A-2 Notes and the Issuer's Floating Rate Class I-A-1 Asset Backed Notes (the "Class I-A-1 Notes" and together with the Class I-A-2 Notes, the "Group I Class A Notes") are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture.

  • The Class I-A-1 Notes and the Issuer's Floating Rate Class I-A-2 Asset Backed Notes (the "Class I-A-2 Notes" and together with the Class I-A-1 Notes, the "Group I Class A Notes") are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture.

  • The Class I-A-1 Notes (the "Class I-A-1 Notes") and the Issuer's Floating Rate Class I-A-2 Asset Backed Notes (the "Class I-A-2 Notes" and together with the Class I-A-1 Notes, the "Group I Class A Notes") are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture.

  • Any such distributions in respect of the Group I Class A Notes will be distributed to such Classes in the manner provided in the first subparagraph of this subsection.

Related to Group I Class A Notes

  • 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 A Note Rate means, with respect to each Interest Period, a fixed rate equal to 4.10% per annum with respect to the Class A Notes.

  • Class A Note Balance means, at any time, the sum of the Class A-1 Note Balance, the Class A-2 Note Balance and the Class A-3 Note Balance at such time.

  • Class B Notes means the Class B 5.03% Asset-Backed Notes substantially in the form of Exhibit B to the Indenture.

  • Class A Note means a Class A-1 Note, a Class A-2 Note, a Class A-3 Note or a Class A-4 Note.

  • Class A Noteholders means, collectively, the Class A-1 Noteholders, the Class A-2 Noteholders, the Class A-3 Noteholders and the Class A-4 Noteholders.

  • Class A Note Principal Balance means, on any date of determination, an amount equal to (a) the Class A Note Initial Principal Balance, minus (b) the aggregate amount of principal payments made to the Class A Noteholders on or prior to such date.

  • Class A Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class A Percentage for that distribution date, plus any Class A Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class A Noteholders’ Principal Distribution Amount will not exceed the outstanding principal balance of the class A notes, less all amounts, other than investment earnings, on deposit in the accumulation account.In addition, on the maturity date for any class of class A notes, the principal required to be distributed to the related noteholders will include the amount required to reduce the outstanding principal balance of that class to zero.

  • 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 A Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class A-2-A Notes has the meaning assigned to such term in the Indenture.

  • Class A Note Initial Principal Balance means $500,000,000.

  • Accrued Class A Note Interest means, with respect to any Payment Date, the sum of the Class A Noteholders’ Monthly Accrued Interest for such Payment Date and the Class A Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Class A Note Interest Shortfall means, for any distribution date, the excess of: • the Class A Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class A noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the interest rate applicable for each related class of notes from that preceding distribution date to the current distribution date.

  • Class A-3 Interest Rate means 1.49% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Group I Senior Certificates As specified in the Preliminary Statement.

  • Class B Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class B Percentage for that distribution date, plus any Class B Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class B Noteholders’ Principal Distribution Amount will not exceed the principal balance of the class B notes.In addition, on the class B maturity date, the principal required to be distributed to the class B noteholders will include the amount required to reduce the outstanding principal balance of the class B notes to zero.

  • Initial Class B Note Balance means $129,750,000.

  • Class B Noteholders’ Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period on the Class B Notes at the interest rate for such Class on the Outstanding Amount of the Notes of such Class on the immediately preceding Payment Date (or, in the case of the initial Payment Date, on the Closing Date), after giving effect to all payments of principal to the Noteholders of such Class on or prior to such preceding Payment Date. For all purposes of this Agreement and the Basic Documents, interest with respect to all Class B Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The interest due on these Classes of notes on each Payment Date will be the product of: · the Outstanding Principal Balance of the Class B Notes; · the Class B Interest Rate; and · 30 (or, in the case of the initial Payment Date, 26) divided by 360.

  • Group II Senior Certificates As specified in the Preliminary Statement.

  • Class A-1 Note Balance means, at any time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes.

  • Class B Note Rate means % per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Class A Noteholder means the Person in whose name a Class A Note is registered in the Note Register.

  • Class B Note Balance means, at any time, the Initial Class B Note Balance reduced by all payments of principal made prior to such time on the Class B Notes.

  • Class A-3 Certificates All Certificates bearing the class designation of "Class A-3".