Senior Subordinated Principal Shortfall definition

Senior Subordinated Principal Shortfall has the meaning set forth in Section 5.12(i)(ii) of the Base Indenture.
Senior Subordinated Principal Shortfall has the meaning set forth in Section 5.12(i)(ii) of the Base Indenture. “Series 2015-1 Class A-2 Notes” means the Series 2015-1 5.216% Fixed Rate Senior Secured Notes, Class A-2, issued on the Series 2015-1 Closing Date pursuant to the Base Indenture as supplemented by the Series 2015-1 Supplement. “Series 2015-1 Closing Date” means July 31, 2015. “Series 2015-1 Notes” means the Series 2015-1 Class A-2 Notes. “Series 2015-1 Supplement” means the Series 2015-1 Supplement, dated as of July 31, 2015, by and among the Issuer, the Trustee and the Series 2015-1 Securities Intermediary (as defined therein), as amended on the Series 2020-1 Closing Date and as further amended, supplemented or otherwise modified from time to time. “Series 2016-1 Class A-2 Notes” means the Series 2016-1 6.125% Fixed Rate Senior Secured Notes, Class A-2, issued on the Series 2016-1 Closing Date pursuant to the Base Indenture as supplemented by the Series 2016-1 Supplement. “Series 2016-1 Closing Date” means May 20, 2016. “Series 2016-1 Notes” means the Series 2016-1 Class A-2 Notes. “Series 2016-1 Supplement” means the Series 2016-1 Supplement, dated as of May 20, 2016, by and among the Issuer, the Trustee and the Series 2016-1 Securities Intermediary (as defined therein), as amended on the Series 2020-1 Closing Date and as further amended, supplemented or otherwise modified from time to time. “Series 2018-1 Class A-2 Notes” means the Series 2018-1 4.739% Fixed Rate Senior Secured Notes, Class A-2, issued on the Series 2018-1 Closing Date pursuant to the Base Indenture as supplemented by the Series 2018-1 Supplement.