Loan Asset Backed Notes definition

Loan Asset Backed Notes. (the "Class A-1 Notes"), Class A-2 [______]% Auto Loan Asset Backed Notes (the "Class A-2 Notes"), Class A-3 [______]% Auto Loan Asset Backed Notes (the "Class A-3 Notes") and the Class A-4 [______]% Auto Loan Asset Backed Notes (the "Class A-4 Notes"; together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Notes").

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Loan Asset Backed Notes. (the "Class A-1 Notes"), Class A-2 % Auto Loan Asset ---- Backed Notes (the "Class A-2 Notes"), Class A-3 % Auto Loan Asset Backed ---- Notes (the "Class A-3 Notes"), the Class A-4 % Auto Loan Asset Backed Notes ---- (the "Class A-4 Notes"; together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Class A Notes"), and then for the equal and ratable benefit of the Holders of the Issuer's Class B % Auto Loan Asset ---- Backed Notes (the "Class B Notes"; and together with the Class A Notes, the "Notes").

Loan Asset Backed Notes. (the "Class A-1 Notes"), Class A-2 Home Loan --------------- Asset Backed Notes (the "Class A-2 Notes"), and Class A-3 Home Loan Asset Backed --------------- Notes (the "Class A-3 Notes" and together with the Class A-1 Notes and the Class --------------- A-2 Notes, the "Notes") and Financial Security Assurance Inc. (the "Securities ----- ---------- Insurer"). ------- GRANTING CLAUSE Subject to the terms of this Indenture, the Issuer hereby Grants on the Closing Date, to the Indenture Trustee, as Indenture Trustee for the benefit of the Holders of the Notes and the Securities Insurer, all of the Issuer's right, title and interest in and to: (i) the Trust Estate (as defined in the Sale and Servicing Agreement); (ii) the Sale and Servicing Agreement (including the Issuer's right to cause the Transferor to repurchase the Home Loans from the Issuer under certain circumstances described therein); (iii) all present and future claims, demands, causes of action and choses in action in respect of any or all of the foregoing and all payments on or under and all proceeds of every kind and nature whatsoever in respect of any or all of the foregoing, including all proceeds of the conversion thereof, voluntary or involuntary, into cash or other liquid property, all cash proceeds, accounts, accounts receivable, notes, drafts, acceptances, chattel paper, checks, deposit accounts, property insurance proceeds, condemnation awards, rights to payment of any and every kind and other forms of obligations and receivables, instruments and other property which at any time constitute all or part of or are included in the proceeds of any of the foregoing; (iv) all funds on deposit from time to time in the Trust Accounts (including the Certificate Distribution Account); and (v) all other property of the Issuer from time to time (collectively, the "Collateral"). ---------- The foregoing Grant is made in trust to secure the payment of principal of and interest on, and any other amounts owing in respect of, the Notes, and to secure compliance with the provisions of this Indenture, all as provided in this Indenture. The Indenture Trustee, as Indenture Trustee on behalf of the Holders of the Notes and the Securities Insurer, acknowledges such Grant, accepts the trusts hereunder and agrees to perform its duties required in this Indenture to the best of its ability to the end that the interests of the Holders of the Notes may adequately and effectively be protected. The Indenture Trustee agr...

Examples of Loan Asset Backed Notes in a sentence

While the Indenture Trustee holds the Certificate Distribution Account, on behalf of the Owner Trustee, all Permitted Investments in which funds in the Certificate Distribution Account are invested shall be held by or registered in the name _______________, on behalf of the Owner Trustee, in trust for the _________ Home Loan Asset Backed Notes, Series 200_-_.
Each party hereto agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Issuer's Home Equity Loan Asset Backed Notes, Series 199__-__ (the "Notes").
All Permitted Investments in which funds in any Trust Account (other than the Certificate Distribution Account) are invested must be held by or registered in the name of ______________, as Indenture Trustee, in trust for the _________ Home Loan Asset Backed Notes, Series 200_-_.
No later than the Closing Date, the Indenture Trustee, for the benefit of the Noteholders and the Securities Insurer, shall cause to be established and maintained with the Indenture Trustee one or more Note Payment Accounts (collectively, the "Note Payment Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Note Payment Account of ________________, as Indenture Trustee, in trust for the _______ Home Loan Asset Backed Notes, Series 200_-_".
The Issuer has entered into a trust indenture, dated as of [ ] (the "Indenture"), between the Issuer and the Trustee, pursuant to which the Issuer intends to issue its Home Equity Loan Asset Backed Notes and Home Equity Loan Asset Backed Certificates, Series 199_, in the aggregate initial principal amount of $[ ] (the "Securities").
The Master Servicer, for the benefit of the Securityholders, the Indenture Trustee and the Securities Insurer, shall cause to be established and maintained by the Indenture Trustee one or more Collection Accounts (collectively, the "Collection Account"), which shall be separate Eligible Accounts and may be interest-bearing, and which shall be entitled "Collection Account of _______________, as Indenture Trustee, in trust for the _______ Home Loan Asset Backed Notes, Series 200_-_".
In consideration of the mutual covenants herein contained, the Issuer and the Indenture Trustee hereby agree as follows for the benefit of each of them and for the equal and ratable benefit of the holders of the Issuer's Home Loan Asset Backed Notes, Series 200_-_ (the "Notes") [and _____________ (the "Securities Insurer")].
The Notes shall be designated as the "_________ Home Loan Owner Trust 200_-_ Home Loan Asset Backed Notes, Series 200_-_".
The Servicer, for the benefit of the Grantor Trust Holder, shall cause to be established and maintained one or more Collection Accounts (collectively, the "Collection Account"), which shall be separate Eligible Accounts and may be interest-bearing, entitled "Collection Account, U.S. Bank National Association, as Indenture Trustee, in trust for the Empire Funding Home Loan Asset Backed Notes, Series 1998-2".
Each party hereto agrees as follows for the benefit of the other party and for the benefit of the Holders of the Household Consumer Loan Asset Backed Notes, Series 1997-2, Class A and Class B Notes (collectively, the "Notes").

More Definitions of Loan Asset Backed Notes

Loan Asset Backed Notes. (the "Class A-2 Notes"), and Class A-3 Home Loan Asset Backed Notes (the "Class A-3 Notes" and together with the Class A-1 Notes and the Class A-2 Notes, the "Notes") and Financial Security Assurance Inc. (the "Securities Insurer").