Class M2 Note definition

Class M2 Note. Any Note designated as a "Class M2 Asset-Backed Note" on the face thereof, substantially in the form of Exhibit A-3 to the Indenture.
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Class M2 Note. Principal Balance after all payments on the Payment Date $_________
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Examples of Class M2 Note in a sentence

  • The unpaid principal amount of this Class M-2 Note may be reduced by the allocation to it (in accordance with Section 5.20 of the Indenture) of Class M-2 Realized Loss Amounts without any corresponding payment.

  • In the case of information furnished pursuant to clauses (ii) and (iii) of Section 3.18, the amounts shall be expressed, in a separate section of the report, as a dollar amount per Class A-1 Note, Class A-2 Note, Class M-1 Note or Class M-2 Note, as applicable, for each Note for each $1,000 original dollar amount as of the Cut-Off Date.

  • The Class I-A-1, Class I-A-2, Class II-A-1, Class II-A-2, Class M-1 and Class M-2 Notes shall have initial principal amounts of the Initial Class I-A-1 Note Balance, Initial Class I-A-2 Note Balance, Initial Class II-A-1 Note Balance, Initial Class II-A-2 Note Balance, Initial Class M-1 Note Balance and Initial Class M-2 Note Balance, respectively.

  • To the extent any interest accruing at the applicable Series 2024-1 Class M-2 Note Rate is not paid when due, such unpaid interest will accrue interest at the Series 2024-1 Class M-2 Note Rate.

  • In the case of information furnished pursuant to clauses (ii) and (iii) of Section 3.16, the amounts shall be expressed, in a separate section of the report, as a dollar amount per Class A-1 Note, Class A-2 Note, Class M-1 Note or Class M-2 Note, as applicable, for each Note for each $1,000 original dollar amount as of the Cut-Off Date.

  • In the case of information furnished pursuant to clauses (ii) and (iii) of Section 3.16, the amounts shall be expressed, in a separate section of the report, as a dollar amount per Class [A-1] Note, Class [A-2] Note, Class [M-1] Note or Class [M-2] Note, as applicable, for each Note for each $1,000 original dollar amount as of the Cut-Off Date.

  • All computations of interest at the Series 2024-1 Class M-2 Note Rate shall be made on a 30/360 Day Basis.

  • All computations of interest at the Series 2020-2 Class M-2 Note Rate shall be made on a 30/360 Day Basis.

  • In accordance with Section 6.1(a) of the Base Indenture, the final principal payment due on each Series 2020-2 Class M-2 Note shall only be paid upon due presentment and surrender of such Note for cancellation in accordance with the provisions of such Note at the applicable Corporate Trust Office, which such surrender shall also constitute a general release by the applicable Noteholder from any claims against the Issuer, the Manager, the Trustee and their affiliates.

  • To the extent any interest accruing at the applicable Series 2020-2 Class M-2 Note Rate is not paid when due, such unpaid interest will accrue interest at the Series 2020-2 Class M-2 Note Rate.

Related to Class M2 Note

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

  • Class A-2 Note means any of the 0.51% Asset Backed Notes, Class A-2, issued under the Indenture substantially in the form attached thereto as Exhibit A-1.

  • Class A-3 Note means any of the 1.34% Asset Backed Notes, Class A-3, issued under the Indenture, substantially in the form of Exhibit A to the Indenture.

  • Class A-1 Note means any of the 2.25000% Asset Backed Notes, Class A‑1, issued under the Indenture substantially in the form attached thereto as Exhibit A-1.

  • Class M Certificate Any one of the Certificates designated as a Class M-1 Certificate, Class M-2 Certificate or Class M-3 Certificate.