Rate Asset Backed Notes definition

Rate Asset Backed Notes. (the "Class A-4b Notes" and, together with the Class A-4a Notes, the "Class A-4 Notes" and, such 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"), Class B 3.56% Asset Backed Notes (the "Class B Notes") and Class C 4.40% Asset Backed Notes (the "Class C Notes" and, together with the Class A Notes and the Class B Notes, the "Notes"), are issued under the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuer, the Indenture Trustee and the Noteholders. The Notes are subject to all terms of the Indenture. The Class A-2b Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture. The Class A-2b Notes are subordinated to the rights of the Swap Counterparties to receive payments (other than Swap Termination Payments) pursuant to the Interest Rate Swap Agreements. Interest on and principal of the Notes will be payable in accordance with the priority of payments set forth in Section 8.2 of the Indenture.

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Rate Asset Backed Notes. (the "Class A-4b Notes" and, together with the Class A-4a Notes, the "Class A-4 Notes" and, such 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 Class C 4.40% Asset Backed Notes (the "Class C Notes" and, together with the Class A Notes and the Class B Notes, the "Notes"), are issued under the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuer, the Indenture Trustee and the Noteholders. The Notes are subject to all terms of the Indenture. The Class B Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture. The Class B Notes are subordinated in right of payment to the Class A Notes and to amounts payable to the Swap Counterparties pursuant to the Interest Rate Swap Agreements as and to the extent provided in the Indenture.

Examples of Rate Asset Backed Notes in a sentence

Auction Rate Asset Backed Notes TERMS AGREEMENT Dated ______, 199_ To: TRANS-WORLD INSURANCE COMPANY CLASSNOTES, INC.
This Note is one of a duly authorized issue of Class A-[ ] [ %] [Floating Rate] Asset Backed Notes (the “Class A-[ ] Notes”) of the Issuer.
The $685,000,000 Floating Rate Asset Backed Notes, Series 2006-1 Notes issued by CLIF on August 24, 2006, pursuant to a supplement to the Indenture.
The Class A-3 Notes shall be designated generally as the "Class A-3 [___%] [Floating Rate] Backed Notes, Series 200_-_" or the "Class A-3 Notes." The Class A-4 Notes shall be designated generally as the "Class A-4 [___%] [Floating Rate] Asset Backed Notes, Series 200_-_" or the "Class A-4 Notes".
Also issued under the Indenture, to be dated as of June 18, 2024, between the Trust and U.S. Bank Trust Company, National Association, as Indenture Trustee, are the Class A-1 5.510% Asset Backed Notes, the Class A-2A 5.42% Asset Backed Notes, the Class A-2B Floating Rate Asset Backed Notes, the Class A-3 5.20% Asset Backed Notes and the Class A-4 5.19% Asset Backed Notes (collectively, the “Notes”).
Also issued under the Indenture, to be dated as of [__], 20[__], between the Trust and [__], as Indenture Trustee, are the Class A-1 [__]% Asset Backed Notes, the Class A-2[A] [__]% Asset Backed Notes, [the Class A-2B [Benchmark] plus [__]% Floating Rate Asset Backed Notes,] the Class A-3 [__]% Asset Backed Notes [and/,] the Class A-4 [__]% Asset Backed Notes [and the Class B [__]% Asset Backed Notes] (collectively, the “Notes”).
Three classes of Notes designated as "Class A Floating Rate Asset Backed Notes, Series 1999-__" (the "Class A Notes"), Class B Floating Rate Asset Backed Notes, Series 1999-__ (the "Class B Notes") and Class C Floating Rate Asset Backed Notes, Series 1999-__ (the "Class C Notes" and, together with the Class A Notes and the Class B Notes, the "Notes") will be issued under the Indenture dated as of __________, 1999 between the Owner Trust and The Bank of New York, as Indenture Trustee .
Also issued under the Indenture, to be dated as of March 19, 2024, between the Trust and U.S. Bank Trust Company, National Association, as Indenture Trustee, are the Class A-1 5.521% Asset Backed Notes, the Class A-2A 5.19% Asset Backed Notes, the Class A-2B Floating Rate Asset Backed Notes, the Class A-3 4.96% Asset Backed Notes and the Class A-4 4.91% Asset Backed Notes (collectively, the “Notes”).
Certain debt instruments evidencing obligations of the Trust have been issued under the Indenture, consisting of Notes designated as [“[__]% Asset Backed Notes, Class A-1,” “[__]% Asset Backed Notes, Class A-2,” “[Floating Rate Asset Backed Notes, Class A-3],” “[__]% Asset Backed Notes, Class A-4” (collectively, the “Notes”)].
The Class A-1 Notes shall be designated generally as the "Class A-1 [___%] [Floating Rate] Asset Backed Notes, Series 200_-_" or the "Class A-1 Notes." The Class A-2 Notes shall be designated generally as the "Class A-2 [___%] [Floating Rate] Asset Backed Notes, Series 200_-_" or the "Class A-2 Notes".

More Definitions of Rate Asset Backed Notes

Rate Asset Backed Notes. (together, the “Notes”). This Trust Certificate is issued under and is subject to the terms, provisions and conditions of the Trust Agreement, to which Trust Agreement the holder of this Trust Certificate by virtue of its acceptance hereof assents and by which such holder is bound. The property of the Securitization Trust consists primarily of the 20 - Exchange Note, certain bank accounts and the proceeds thereof, certain other rights under the Trust Agreement, the 20 - Exchange Note Sale Agreement, and the 20 - Servicing Agreement and all proceeds of the foregoing. The rights of the Securitization Trust in the foregoing property have been pledged by the Securitization Trust to the Indenture Trustee to secure payments of the Notes. The Trust Certificates represent obligations of the Securitization Trust only and do not represent interests in, recourse to or obligations of the Depositor, the Owner Trustee or any of their respective Affiliates. Distributions on this Trust Certificate will be made as provided in the Trust Agreement to the Person in whose name this Trust Certificate is registered at the close of business on the related Record Date, such Trust Certificateholder’s Percentage Interest in the amount to be distributed with respect to the Trust Certificates on such Payment Date. The holder of this Trust Certificate acknowledges and agrees that its rights to receive payments in respect of this Trust Certificate are subordinated to the rights of the Noteholders as described in the Indenture and the Trust Agreement, as applicable. It is the intent of the Depositor and the Trust Certificateholders that the Trust Certificates represent the equity interest in the Securitization Trust for federal and state income, single business and franchise tax purposes. For so long as the Trust Certificates are held by a single Person, the Securitization Trust will be treated as an entity disregarded as separate from such holder for purposes of federal income tax or state income, single business and franchise taxes. If, however, the Securitization Trust is characterized as a separate entity for federal income tax purposes, it is the intention of the parties to the Trust Agreement that it qualify as a partnership for such purposes and the Trust Certificateholders will be treated as partners in that partnership. The Depositor and the other Trust Certificateholders, by acceptance of a Trust Certificate, agree to take no action inconsistent with such tax treatment of the T...

Rate Asset Backed Notes. (the "Class A-1 Notes"), $294,100,000 in aggregate principal amount of Class A-2 7.325% Asset Backed Notes (the "Class A-2 Notes"), $28,600,000 in aggregate principal amount of Class B 7.50% Asset Backed Notes (the "Class B Notes") and $20,440,000 in aggregate principal amount of Class C 8.15% Asset Backed Notes (the "Class C Notes" and, collectively with the Class A-1 Notes, the Class A-2 Notes and the Class B Notes, the "Notes"

Rate Asset Backed Notes. (the "Class A-1 Notes") and Class A-2 Variable Rate Asset Backed Notes (the "Class A-2 Notes" and, together with the Class A-1 Notes, the "Notes"): As security for the payment and performance by the Issuer of its obligations under this Indenture and the Notes, the Issuer has agreed to assign the Collateral (as defined below) to the Indenture Trustee on behalf of the Noteholders. Ambac Assurance Corporation (the "Insurer") has issued and delivered two financial guaranty insurance policies, one for each Class of Notes, dated the Closing Date (the "Policies"), pursuant to which the Insurer guarantees the Insured Payments (as defined below). As an inducement to the Insurer to issue and deliver the Policies, the Issuer and the Insurer have executed and delivered the Insurance and Indemnity Agreement, dated as of September 29, 1999 (as amended from time to time, the "Insurance Agreement"), among the Insurer, the Issuer, Headlands Mortgage Company and Headlands Mortgage Securities Inc. and the Indenture Trustee. As an additional inducement to the Insurer to issue the Policies, and as security for the performance by the Issuer of the Insurer Issuer Secured Obligations and as security for the performance by the Issuer of the Indenture Trustee Issuer Secured Obligations, the Issuer has agreed to grant and assign the Collateral (as defined below) to the Indenture Trustee for the benefit of the Issuer Secured Parties, as their respective interests may appear.