Class B Asset Backed Notes definition

Class B Asset Backed Notes. (the “Class B Notes”), “Class C Asset Backed Notes” (the “Class C Notes”), “Class D Asset Backed Notes” (the “Class D Notes”) and “Class E Asset Backed Notes” (the “Class E Notes”) (and collectively with the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes, the “Notes”). This 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 Certificate by virtue of the acceptance hereof assents and by which such holder is bound. The property of the Trust includes a pool of retail installment sale contracts secured by new and used automobiles, vans or light duty trucks (the “Receivables”), all monies due thereunder on or after the Cutoff Date, security interests in the vehicles financed thereby, certain bank accounts and the proceeds thereof, proceeds from claims on certain insurance policies and certain other rights under the Trust Agreement and the Sale and Servicing Agreement, all right, title and interest of the Seller in and to the Purchase Agreement, dated as of July 22, 2020, between AmeriCredit Financial Services, Inc. and the Seller and all proceeds of the foregoing. The holder of this Certificate acknowledges and agrees that its rights to receive distributions in respect of this Certificate are subordinated to the rights of the Noteholders as described in the Sale and Servicing Agreement, the Indenture and the Trust Agreement, as applicable. Distributions on this Certificate will be made as provided in the Trust Agreement or any Basic Document by wire transfer or check mailed to the Certificateholder without the presentation or surrender of this Certificate or the making of any notation hereon. Except as otherwise provided in the Trust Agreement and notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Servicer on behalf of the Owner Trustee of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency maintained for the purpose by the Owner Trustee in the Corporate Trust Office. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon shall have been executed by an authorized officer of the Owner Trustee, by manual si...
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Class B Asset Backed Notes. (the "Class B Notes" and, together with the Class A 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 Trust, the Indenture Trustee and the Noteholders. The Notes are subject to all terms of the Indenture. The Class A-3 Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture. The Class A-3 Notes are subordinated in right of payment to the Class A-1 Notes and the Class A-2 Notes and are senior in right of payment to the Class A-4 Notes and the Class B Notes, each as and to the extent provided in the Indenture.
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Class B Asset Backed Notes. (the "Class B Notes") and 6.20% Class C Asset Backed Notes (the "Class C Notes" and, together with the Class A Notes and the Class B Notes, the "Notes"), and the Swap Counterparty: GRANTING CLAUSE The Issuer hereby Grants to the Indenture Trustee at the Closing Date, as Indenture Trustee for the benefit of the Holders of the Notes and the Swap Counterparty, all of the Issuer's right, title and interest in, to and under, whether now owned or existing or hereafter acquired or arising:
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Examples of Class B Asset Backed Notes in a sentence

  • This is one of a duly authorized issue of notes of the Issuer designated as "Crestar Student Loan Trust 1997-1, Subordinate LIBOR Rate Class B Asset Backed Notes", in the aggregate principal amount of $__________ (herein referred to as the "Class B Notes," and together with the Crestar Student Loan Trust 1997-1, Senior LIBOR Rate Class A-1 and Class A-2 Notes, the "Notes") issued under the Indenture.

  • The Offered Notes, along with $12,500,000 principal amount of 6.19% Class B Asset Backed Notes (the “B Notes” and, together with the “Offered Notes”, the “Notes”) will be issued pursuant to the Indenture to be dated as of November 1, 2007 (as amended and supplemented from time to time, the “Indenture”), between the Trust and The Bank of New York Trust Company, N.A., as indenture trustee (the “Indenture Trustee”).

  • Issued under the Indenture dated as of November 1, 2003 between the Trust and JPMorgan Chase Bank, as Indenture Trustee, are notes designated as "1.230% Class A-1 Asset Backed Notes," "1.710% Class A-2 Asset Backed Notes," "Floating Rate Class A-3a Asset Backed Notes," "2.470% Class A-3b Asset Backed Notes," "Floating Rate Class A-4a Asset Backed Notes", "3.380% Class A-4b Asset Backed Notes" and "3.350% Class B Asset Backed Notes".

  • The Offered Notes, along with $15,673,959 principal amount of 0.00% Class B Asset Backed Notes (the “B Notes” and, together with the “Offered Notes”, the “Notes”) will be issued pursuant to the Indenture to be dated as of May 1, 2008 (as amended and supplemented from time to time, the “Indenture”), between the Trust and The Bank of New York Trust Company, N.A., as indenture trustee (the “Indenture Trustee”).

  • The sale of the Subsequent Receivables is described in the prospectus dated March 1, 1999 and the prospectus supplement dated _____________, 199__ (together, the "Prospectus"), which relates to the offering by the Trust of Class A-1 _____% Asset Backed Notes, Class A-2 _____% Asset Backed Notes, Class A-4 _____% Asset-Backed Notes, Class A-3 _____% Asset- Backed Notes and Class B Asset Backed Notes (collectively, the "Notes") and the _____% Asset Backed Certificates (the "Certificates").

  • The aggregate principal amounts of [_____]% Class A-1 Asset Backed Notes, [_____]% Class A-2 Asset Backed Notes, [_____]% Class A-3 Asset Backed Notes and [_____]% Class B Asset Backed Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6.

  • Advanta Business Services ("ABS") proposes to cause the $___________ aggregate principal amount of Class A Asset Backed Notes, [Series 199-] (the "Class A Notes") and the $__________ aggregate principal amount of Class B Asset Backed Notes, Series [1996- ] (the "Class B Notes", and together with the Class A Notes, the "Notes") to be issued under a Master Business Receivables Asset-Backed Financing Facility Agreement, amoung ABS, as Servicer, Advanta Leasing Receivables Corp.

  • Simultaneously with the issuance and sale of the Class A Notes as contemplated herein, the Trust will issue $13,870,000 aggregate principal amount of 6.65% Class B Asset Backed Notes (the "Class B Notes"; together with the Class A Notes, the "Notes") and $8,666,681 aggregate principal amount of 6.65% Asset Backed Certificates (the "Certificates"; together with the Notes sometimes referred to collectively herein as the "Securities"), each representing a fractional undivided interest in the Trust.

  • The sale of the Subsequent Receivables is described in the prospectus dated September 11, 1997 and the prospectus supplement dated September [___], 1997 (together, the "Prospectus"), which relates to the offering by the Trust of Class A-1 5.612% Asset Backed Notes, Class A-2 5.914% Asset Backed Notes, Class A-3 6.240% Asset-Backed Notes, Class A-4 6.410% Asset-Backed Notes and Class B Asset Backed Notes (collectively, the "Notes") and the 6.410% Asset Backed Certificates (the "Certificates").

  • The sale of the Subsequent Receivables is described in the prospectus dated September 1, 1999 and the prospectus supplement dated September 1, 1999 (together, the "Prospectus"), which relates to the offering by the Trust of Class A-1 _____% Asset Backed Notes, Class A-2 _____% Asset Backed Notes, Class A-4 _____% Asset-Backed Notes, Class A-3 _____% Asset-Backed Notes and Class B Asset Backed Notes (collectively, the "Notes") and the _____% Asset Backed Certificates (the "Certificates").


More Definitions of Class B Asset Backed Notes

Class B Asset Backed Notes. (the "Class B 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 Trust, the Indenture Trustee and the Noteholders. The Notes are subject to all terms of the Indenture. The Class A-1 Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture. The Class A-1 Notes are senior in right of payment to the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class B Notes, each as and to the extent provided in the Indenture.
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Class B Asset Backed Notes. (collectively, 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 the acceptance hereof assents and by which holder is bound. Each Holder of this Trust Certificate acknowledges and agrees that its rights to receive distributions in respect of this Trust Certificate are subordinated to the rights of the Noteholders as described in the Sale and Servicing Agreement and the Indenture. It is the intent of the Seller, Servicer and the Certificateholders that, for purposes of Federal income, State and local income and franchise and any other income taxes measured in whole or in part by income, until the Trust Certificates are held by other than the Seller, the Trust will be disregarded as an entity separate from its owner. At such time that the Trust Certificates are held by more than one person, it is the intent of the Seller, Servicer and the Certificateholders that, for purposes of Federal income, State and local income and franchise and any other income taxes measured in whole or in part by income, the Trust will be treated as a partnership, the assets of which are the assets held by the Trust, and the Certificateholders (including the Depositor (and its transferees and assigns) in its capacity as recipient of distributions from the Spread Account) will be treated as partners in that partnership. The Depositor and the other Certificateholders, by acceptance of a Trust Certificate, agree to treat, and to take no action inconsistent with the treatment of, the Trust Certificates as such for tax purposes. Each Certificateholder, by its acceptance of a Trust Certificate, covenants and agrees that such Certificateholder will not at any time institute against the Seller or the Trust, or join in any institution against the Seller or the Trust of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States Federal or State bankruptcy or similar law in connection with any obligations relating to the Trust Certificates, the Notes, the Trust Agreement or any of the Basic Documents. The Trust Certificates do not represent an obligation of, or an interest in, the Seller, the Servicer, Case Credit Corporation, the Trustee or any affiliates of any of them and no recourse may be had against such parties or their assets, except as may be expressly set fort...
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Related to Class B Asset Backed Notes

  • Asset Backed Notes (the “Class A-1 Notes”), “Class A-2 1.19% Asset Backed Notes” (the “Class A-2 Notes”), “Class A-3 1.55% Asset Backed Notes” (the “Class A-3 Notes”), “Class B 2.45% Asset Backed Notes” (the “Class B Notes”), “Class C 3.44% Asset Backed Notes” (the “Class C Notes”), “Class D 5.05% Asset Backed Notes” (the “Class D Notes”) and “Class E 6.76% Asset Backed Notes” (the “Class E Notes”) (the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes, the “Notes”). This 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 Certificate by virtue of the acceptance hereof assents and by which such holder is bound. The property of the Trust includes a pool of retail installment sale contracts secured by new and used automobiles, vans or light duty trucks (the “Receivables”), all monies due thereunder on or after the Cutoff Date, security interests in the vehicles financed thereby, certain bank accounts and the proceeds thereof, proceeds from claims on certain insurance policies and certain other rights under the Trust Agreement and the Sale and Servicing Agreement, all right, title and interest of the Seller in and to the Purchase Agreement dated as of October 26, 2011 between AmeriCredit Financial Services, Inc. and the Seller and all proceeds of the foregoing. The holder of this Certificate acknowledges and agrees that its rights to receive distributions in respect of this Certificate are subordinated to the rights of the Noteholders as described in the Sale and Servicing Agreement, the Indenture and the Trust Agreement, as applicable. Distributions on this Certificate will be made as provided in the Trust Agreement or any other Basic Document by wire transfer or check mailed to the Certificateholder without the presentation or surrender of this Certificate or the making of any notation hereon. Except as otherwise provided in the Trust Agreement and notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Servicer on behalf of the Owner Trustee of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency maintained for the purpose by the Owner Trustee in the Corporate Trust Office. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon shall have been executed by an authorized officer of the Owner Trustee, by manual signature, this Certificate shall not entitle the holder hereof to any benefit under the Trust Agreement or the Sale and Servicing Agreement or be valid for any purpose. THIS CERTIFICATE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

  • Asset-Backed Securities (ABSs) means debt instruments that are backed by a pool of ring fenced financial assets (fixed or revolving), that convert into cash within a finite time period. In addition, rights or other assets may exist that ensure the servicing or timely distribution of proceeds to the holders of the security. Generally, asset-backed securities are issued by a specially created investment vehicle which has acquired the pool of financial assets from the originator or seller. In this regard, payments on the asset-backed securities depend primarily on the cash flows generated by the assets in the underlying pool and other rights designed to assure timely payment, such as liquidity facilities, guarantees or other features generally known as credit enhancements;

  • Class B Notes means any one of the Notes executed by the Issuer and authenticated by or on behalf of the Indenture Trustee, substantially in the form of Exhibit A-2.

  • Asset Backed Certificate (herein called the “Certificate”). Also issued under the Indenture, dated as of April 8, 2015, among the Trust, Citibank, N.A., as trustee and indenture collateral agent, are six classes of Notes designated as “Class A-1 0.40000% Asset Backed Notes” (the “Class A-1 Notes”), “Class A-2-A 0.83% Asset Backed Notes” (the “Class A-2-A Notes”), “Class A-2-B Floating Rate Asset Backed Notes” (the “Class A-2-B Notes” and together with the Class A-2-A Notes, the “Class A-2 Notes”), “Class A-3 1.27% Asset Backed Notes” (the “Class A-3 Notes”), “Class B 1.82% Asset Backed Notes” (the “Class B Notes”), “Class C 2.40% Asset Backed Notes” (the “Class C Notes”), “Class D 3.00% Asset Backed Notes” (the “Class D Notes”) and “Class E 3.60% Asset Backed Notes” (the “Class E Notes”) (the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes, the “Notes”). This 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 Certificate by virtue of the acceptance hereof assents and by which such holder is bound. The property of the Trust includes a pool of retail installment sale contracts secured by new and used automobiles, vans or light duty trucks (the “Receivables”), all monies due thereunder on or after the Cutoff Date, security interests in the vehicles financed thereby, certain bank accounts and the proceeds thereof, proceeds from claims on certain insurance policies and certain other rights under the Trust Agreement and the Sale and Servicing Agreement, all right, title and interest of the Seller in and to the Purchase Agreement, dated as of April 8, 2015 between AmeriCredit Financial Services, Inc. and the Seller and all proceeds of the foregoing. The holder of this Certificate acknowledges and agrees that its rights to receive distributions in respect of this Certificate are subordinated to the rights of the Noteholders as described in the Sale and Servicing Agreement, the Indenture and the Trust Agreement, as applicable. Distributions on this Certificate will be made as provided in the Trust Agreement or any other Basic Document by wire transfer or check mailed to the Certificateholder without the presentation or surrender of this Certificate or the making of any notation hereon. Except as otherwise provided in the Trust Agreement and notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Servicer on behalf of the Owner Trustee of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency maintained for the purpose by the Owner Trustee in the Corporate Trust Office. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon shall have been executed by an authorized officer of the Owner Trustee, by manual signature, this Certificate shall not entitle the holder hereof to any benefit under the Trust Agreement or the Sale and Servicing Agreement or be valid for any purpose. THIS CERTIFICATE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on