Asset Backed Certificates. (herein called the "Certificates"). Issued under the Indenture dated as of November 1, 2001, between the Issuer and Xxxxx Fargo Bank Minnesota, National Association, as trustee (the "Indenture"), are four classes of Notes designated as "Class A-1 2.18% Asset Backed Notes" (the "Class A-1 Notes"), "Class A-2 2.44% Asset Backed Notes" (the "Class A-2 Notes"), "Class A-3 3.09% Asset Backed Notes" (the "Class A-3 Notes") and "Class A-4 3.80% Asset Backed Notes" (the "Class A-4 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 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 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. It is the intent of the Depositor and Certificateholders that, for United States federal income tax purposes, the Issuer will be treated as a partnership and the Depositor and the Certificateholders will be treated as partners in that partnership. The Certificateholders by acceptance of a Certificate, agree to treat, and to take no action inconsistent with the treatment of, the Certificates for such tax purposes as equity (i.e., partnership interests) in the Issuer. Each Certificateholder, by its acceptance of a Certificate or a beneficial interest in a Certificate, acknowledges and agrees that neither the Depositor nor the Owner Trustee is authorized to elect to treat the Issuer other than as a partnership for United States federal income tax purposes or any relevant state tax purposes. Each Certificateholder, by its acceptance of a Certificate or a beneficial interest in a Certificate, agrees not to take any actions (or direct the Owner Trustee to take such acts or actions) that would violate such restriction. The Certificates do not represent an obligation of, or an interest in, the Depositor, the Servicer, the Owner Trustee, the Indenture 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 forth or contemplated herein or in the Trust Agreement, the Indenture ...
Asset Backed Certificates. Also issued under the Indenture dated as of September 1, 1999 (the "Indenture") between the Trust and Bankers Trust Company of California, N.A., as indenture trustee (the "Indenture Trustee") are the Advanta Revolving Home Equity Loan Asset Backed Notes (the "Notes"). These Certificates are issued under and are 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 adjustable-adjustable-rate home equity revolving credit line loans secured by first or second deeds of trust or Mortgages on primarily one-to-four family residential properties. Under the Trust Agreement, there will be distributed on the 25th day of each month or, if such 25th day is not a Business Day, the next Business Day (the "Payment Date"), commencing on October 25, 1999, to the Person in whose name this Certificate is registered at the close of business on the Business Day preceding such Payment Date (the "Record Date") such Certificateholder's Percentage Interest in the amount to be distributed to Certificateholders on such Payment Date. 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 Sale and Servicing Agreement and the Indenture by the Indenture Trustee by wire transfer or check mailed to the Certificateholder of record in the Certificate Register 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 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...
Asset Backed Certificates. (herein called the "Trust Certificates"). Also issued under an
Examples of Asset Backed Certificates in a sentence
This Certificate is one of the duly authorized Certificates designated as Asset Backed Certificates (the “Certificates”).
This [Temporary Regulation S Global] [Permanent Regulation S Global] [Rule 144A Global] Certificate is one of the duly authorized Certificates designated as Asset Backed Certificates (the “Certificates”).
Simultaneously with the issuance of the Notes, the Depositor will cause the Trust to issue Asset Backed Certificates (the “Certificates” and together with the Notes, the “Securities”).
Each series of Securities issued by a Trust may include one or more classes of Asset Backed Notes (the “Notes”) and one or more classes of Asset Backed Certificates (the “Certificates”).
Fixed and Floating Rate Asset Backed Certificates INDICATE BY CHECK MARK WHETHER THE REGISTRANT HAS (1) FILED ALL REPORTS REQUIRED TO BE FILED BY SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 DURING THE PRECEDING 12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE REGISTRANT WAS REQUIRED TO FILE SUCH REPORTS) AND (2) HAS BEEN SUBJECT TO SUCH FILING REQUIREMENTS FOR THE PAST 90 DAYS.
More Definitions of Asset Backed Certificates
Asset Backed Certificates. (herein called the "Certificates"). Issued under the Indenture dated as of June 1, 2002, between the Issuer and Xxxxx Fargo Bank Minnesota, National Association, as trustee (the "Indenture"), are four classes of Notes designated as "Class A-1 1.9291% Asset Backed Notes" (the "Class A-1 Notes"), "Class A-2 2.70% Asset Backed Notes" (the "Class A-2 Notes"), "Class A-3 3.58% Asset Backed Notes" (the "Class A-3 Notes") and "Class A-4 4.21% Asset Backed Notes" (the "Class A-4 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 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 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. It is the intent of the Class R Certificateholder and Certificateholders that, for United States federal income tax purposes, the Issuer will be treated as a partnership and the Class R Certificateholder and Certificateholders will be treated as partners in that partnership. The Certificateholders by acceptance of a Certificate, agree to treat, and to take no action inconsistent with the treatment of, the Certificates for such tax purposes as equity (i.e., partnership interests) in the Issuer. Each Certificateholder, by its acceptance of a Certificate or a beneficial interest in a Certificate, acknowledges and agrees that neither the Depositor nor the Owner Trustee is authorized to elect to treat the Issuer other than as a partnership for United States federal income tax purposes or any relevant state tax purposes. Each Certificateholder, by its acceptance of a Certificate or a beneficial interest in a Certificate, agrees not to take any actions (or direct the Owner Trustee to take such acts or actions) that would violate such restriction. The Certificates do not represent an obligation of, or an interest in, the Depositor, the Servicer, the Owner Trustee, the Indenture 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 forth or contemplated herein or in the Trust...
Asset Backed Certificates. (herein called the "CERTIFICATES"). Also issued under an Indenture dated as of August 2, 2006 (as amended, supplemented or otherwise modified from time to time, the "INDENTURE"), between the Issuer and JPMorgan Chase Bank, National Association, as indenture trustee, are 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 its acceptance hereof assents and by which such Certificateholder is bound. The property of the Issuer consists of the Trust Property. The rights of the Certificateholders are subordinate to the rights of the Noteholders, as set forth in the Indenture. Under the Trust Agreement, there will be distributed on the 15th day of each month or, if such 15th day is not a Business Day, the next Business Day (each, a "PAYMENT DATE"), commencing on [___________], to the Person in whose name this Certificate is registered on the last day of the immediately preceding month (the "RECORD DATE"), such Certificateholder's fractional undivided interest in the amount to be distributed to Certificateholders on such Payment Date. The Holder of this Certificate acknowledges and agrees that its rights to receive distributions in respect of this Certificate are subordinate to the rights of the Noteholders as described in the Sale and Servicing Agreement and the Indenture.
Asset Backed Certificates. (herein called the "Trust Certificates") issued under and 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.
Asset Backed Certificates. The Certificates are issued under and are 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. Under the Indenture dated as of April 1, 2000 (the "Indenture") between the Trust and Bankers Trust Company of California, N.A., as indenture trustee (the "Indenture Trustee"), the Trust issued the Advanta Revolving Home Equity Loan Asset Backed Notes, Series 2000-A (the "Notes"). The property of the Trust includes a pool of adjustable rate revolving home equity credit line loans secured by first or second deeds of trust or mortgages on primarily one-to-four family residential properties. Under the Trust Agreement, there will be distributed on the 25th day of each month or, if such 25th day is not a Business Day, the next Business Day (the "Payment Date"), commencing on May 25, 2000, to the Person in whose name this Certificate is registered at the close of business on the Business Day preceding such Payment Date (the "Record Date") such Certificateholder's Percentage Interest in the amount to be distributed to Certificateholders on such Payment Date.
Asset Backed Certificates. (herein called the "Certificates"). Also issued under the Indenture, dated as of March 15, 1999, between the Issuer, Norwest Bank Minnesota, National Association, as Indenture Trustee (the "Indenture Trustee"), are two classes of Notes designated as "Class A 5.95% Asset Backed 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 subject to the Trust Agreement includes a pool of motor vehicle retail installment contracts secured by new and used automobiles and light trucks (the "Receivables"), all monies received thereunder or in respect thereof on or after the Initial Cutoff Date with respect to the Initial Receivables and after the Subsequent Cutoff Date with respect to Subsequent Receivables, 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, to be dated as of March 30, 1999 (the "Sale and Servicing Agreement"), among PAC, Paragon Auto, the Issuer and the Indenture Trustee, all right to and interest of Paragon Auto in and to the Receivables Purchase Agreement, to be dated as of March 30, 1999, between PAC and Paragon Auto, and all proceeds of the foregoing.
Asset Backed Certificates. (herein called the "Certificates"). Also issued under the Indenture dated as of [ ], among the Trust, [Norwest Bank Minnesota, National Association], as trustee and [ ] collateral agent, are three classes of Notes designated as "Class A-1 [ ]% Asset Backed Notes" (the "Class A-1 Notes"), "Class A-2 [ %] Asset Backed Notes (the "Class A-2 Notes"), "Class A-3 Floating Rate Asset Backed Notes" (the "Class A-3 Notes", together with the Class A-2 Notes and the Class A-1 Notes, (the "Class A Notes") and "Class B [%] Asset Backed Notes" (the "Class B Notes" and, together with the Class A 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
Asset Backed Certificates. (herein called the "Trust Certificates") issued under the Trust Agreement, to which Trust Agreement the holder of this Trust Certificate by virtue of the acceptance hereof assents and by which such holder is bound. The property of the Trust includes a pool of student loans (the "Financed Student Loans"), all moneys paid thereunder after the Cut-off Date, certain bank accounts and the proceeds thereof and certain other rights under the Trust Agreement and the Transfer and Servicing Agreement and all proceeds of the foregoing. The rights of the holders of the Trust Certificates to the assets of the Trust are subordinated to the rights of the holders of the notes (the "Notes") issued under a Master Indenture dated as of [December] 1, 1997 between the Trust and Bankers Trust Company, as Indenture Trustee, as supplemented by a Terms Agreement dated as of [December] 1, 1997. Under the Trust Agreement, distributions will be made on the Trust Certificates on each Distribution Date in the manner set forth in the Trust Agreement and the Transfer and Servicing Agreement. Each holder of this Trust Certificate acknowledges and agrees that its rights to receive distributions in respect of this Trust Certificate from Available Funds and amounts on deposit in the Reserve Account are subordinated to the rights of the Noteholders as described in the Transfer and Servicing Agreement and the Indenture. Each Certificateholder, by its acceptance of a Trust Certificate, covenants and agrees that such Certificateholder will not at any time institute against the Depositor or the Trust, or join in any institution against the Depositor or the Trust, any bankruptcy, reorganization, arrangement, insolvency, receivership 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 other Basic Documents. Each Certificateholder, by its acceptance of a Trust Certificate, (i) agrees, for federal, State and local income and franchise tax purposes, to treat the Trust as a partnership, with the assets of the partnership being the Financed Student Loans and other assets held by the Trust, the partners of the partnership being the Certificateholders and the Notes being debt of the partnership, and (ii) acknowledges that the Trust will file or cause to be filed annual or other necessary returns, reports and other forms consiste...