Group II Class A Notes definition

Group II Class A Notes means the Class II-A-1 Notes, the Class II-A-2 Notes, the Class II-A-3 Notes and the Class II-A-4 Notes.
Sample 1Sample 2Sample 3
Group II Class A Notes means the Class II-A-1 Notes, the Class II-A-2 Notes, Class II-A-3 Notes and the Class II-A-IO Notes.
Sample 1
Group II Class A Notes. Any Group II Notes.
Sample 1

Examples of Group II Class A Notes in a sentence

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

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

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

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

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

Related to Group II 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 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 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 means a Class A-1 Note, a Class A-2 Note, a Class A-3 Note or a Class A-4 Note.

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

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

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

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

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

  • 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 Non-PO Principal Balance As of any date, an amount equal to the Class A Principal Balance less the Principal Balance of the Class A-PO Certificates.

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

  • 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 A-1 Note Balance means $265,000,000.

  • 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.

  • Original Class A Non-PO Principal Balance The sum of the Original Principal Balances of the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-R Certificates, as set forth in Section 11.06.

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

  • 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.

  • Initial Class A-4 Note Balance means $75,000,000.

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

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