Class C-3 Notes definition

Class C-3 Notes has the meaning set forth in the first recital.
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Class C-3 Notes means the Class C-3 Deferrable Fifth Priority Secured Fixed/Floating Rate Notes due May 5, 2036, issued by the Co-Issuers on the Closing Date, that bear interest at a fixed rate per annum equal to 6.293% for the period from the Closing Date to the last day of the Interest Period ending immediately prior to the Distribution Date in February 2011, and floating rate per annum equal to LIBOR plus 1.45% at all times thereafter.
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Class C-3 Notes means any one of the [_____]% Rental Car Asset Backed Notes, Class C-3, executed by RCFC and authenticated and delivered by or on behalf of the Trustee, substantially in the form of Exhibit C-3, Exhibit C-6 or Exhibit C-9. Definitive Class C-3 Notes shall have such insertions and deletions as are necessary to give effect to the provisions of Section 2.18 of the Base Indenture.
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Examples of Class C-3 Notes in a sentence

  • The Class C-3 Notes will bear interest at a fixed rate per annum equal to 6.422% for the period from the Closing Date to the last day of the Interest Period ending immediately prior to the Distribution Date in April 2015, and a floating rate per annum equal to three-month LIBOR plus 1.80% thereafter.

  • On each Distribution Date on which payments of interest, principal, redemption amounts or other payments are made on the Class E-1 Notes, Class C-3 Notes or Class B Notes, a portion of such payments shall be allocated to each related Component of the Series I 2.00% Combination Notes, the Series II 2.00% Combination Notes and the Series III 3.15% Combination Notes as provided below.

  • The Class C-3 Notes will bear interest at a fixed rate per annum equal to 6.293% for the period from the Closing Date to the last day of the Interest Period ending immediately prior to the Distribution Date in February 2011, and a floating rate per annum equal to LIBOR plus 1.45% thereafter.

  • Interest on the Notes and interest on Defaulted Interest in respect thereof will be computed on the basis of a 360-day year and the actual number of days elapsed; provided that interest on the Class B-2 Notes, the Class D-2 Notes and, when bearing interest at a fixed rate, the Class C-2 Notes and the Class C-3 Notes will be computed on the basis of a 360-day year of twelve 30-day months.

  • The Class C-3 Notes will bear interest at a fixed rate per annum equal to 6.026% for the period from the Closing Date to the last day of the Interest Period ending immediately prior to the Distribution Date in August 2015, and a floating rate per annum equal to LIBOR plus 1.70% thereafter.

  • On each Distribution Date on which payments of interest, principal, redemption amounts or other payments are made on the Class A-1A Notes, Class A-2 Notes, Class B-1 Notes, Class C-3 Notes, Class E Notes or Preferred Shares, a portion of such payments shall be allocated to each related Component of the Combination Notes as provided below.

  • The Combination Notes are non-recourse obligations of the Issuer and are payable solely from payments of interest, principal or other distributions in respect of the Components thereof which comprise Class A-2 Notes, Class B-1 Notes, Class C-3 Notes, Class E Notes or Preferred Shares.

  • The Series I 2.00% Combination Notes, the Series II 2.00% Combination Notes and the Series III 3.15% Combination Notes are non-recourse obligations of the Issuer and are payable solely from payments of interest, principal or other distributions in respect of the Components thereof which comprise Class E-1 Notes, Class C-3 Notes or Class B Notes.

  • A Holder of a Component Security may exchange such Component Security for one or more Class E-1 Notes, Class C-3 Notes, Class B Notes or Preferred Shares, as applicable, representing such Component (unless such Component has been fully paid).

  • A Holder of a Combination Note may exchange such Combination Note for one or more Class A-1A Notes, Class A-2 Notes, Class B-1 Notes, Class C-3 Notes, Class E Notes or Preferred Shares, as applicable, representing such Component (unless such Component has been fully paid).

Related to Class C-3 Notes

  • Class A-3 Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-3 Notes, issued in accordance with the Indenture.

  • Class A-4 Notes means the Class A-4 1.87% Asset Backed Notes, substantially in the form of Exhibit A to the Indenture.

  • Class C Notes has the meaning assigned to such term in the Indenture.

  • Class A-2a Notes means the 4.67% Class A-2a Asset-backed Notes issued by the Issuer pursuant to the Indenture in the initial aggregate principal amount of $355,870,000.

  • Class A-2 Notes means the Class A-2a Notes and the Class A-2b Notes, collectively.