The Offered Notes Sample Clauses
The "Offered Notes" clause defines the specific debt securities being made available for purchase under the agreement. It typically outlines key characteristics of the notes, such as their principal amount, interest rate, maturity date, and any special features or rights attached to them. By clearly identifying the financial instruments involved, this clause ensures that all parties understand exactly what is being offered, thereby reducing ambiguity and potential disputes regarding the subject of the transaction.
The Offered Notes. The Offered Notes have been duly authorized and, when duly executed, authenticated, issued and delivered as provided in the Indenture and paid for as provided herein, will be duly and validly issued and outstanding and will be entitled to the benefits and security afforded by the Indenture.
The Offered Notes. The Class IA-1 notes, ▇▇▇ ▇▇▇ Class IA-2 notes are collectively referred to as the Group I notes. The Class IIA-1 notes, Class IIA-2 notes, Class IIA-3 notes, Class IIA-4 notes and the Class IIA-5 notes are collectively referred to as the Group II notes. The Class IIIA-1 notes and the variable funding notes are collectively referred to as the Group III notes. The Group I notes, the Group II notes and the Group III notes are collectively referred to as the Class A notes. The Class M-1 notes, the Class M-2 notes and the Class B-1 notes are collectively referred to as the subordinate notes. The Class A notes (other than the variable funding notes), the Class A-IO notes and the subordinate notes are collectively referred to as the offered notes. THE VARIABLE FUNDING NOTES In addition to the offered notes, the trust will also issue Home Equity Loan-Backed Variable Funding Notes, Series 2001-2. The variable funding notes will not be offered by this prospectus supplement. The variable funding notes will have a variable funding balance of $0 on the closing date. Any information concerning the variable funding notes included in this prospectus supplement is only included to provide you with a better understanding of the offered notes. During the managed amortization period, if amounts on deposit in the funding account and principal collections on the mortgage loans in loan group III are insufficient to fund all of the additional balances on the home equity lines of credit arising during the related collection period, the variable funding balance will be increased by the shortfall. THE CERTIFICATES The trust will also issue Home Equity Loan-Backed Certificates, Series 2001-2, which will not be offered by this prospectus supplement. Any information concerning the certificates included in this prospectus supplement is only included to provide you with a better understanding of the offered notes. The certificates will be subordinated to the offered notes and the variable funding notes. The certificates will be issued pursuant to the trust agreement and will represent the beneficial ownership interests in the trust. THE TRUST The depositor will establish Irwin Home Equity Loan Trust 2001-2, a Delaware business trust. ▇▇▇ trust will be established pursuant to a trust agreement, dated as of August 31, 2001, between the depositor and the owner trustee. The trust will issue the notes pursuant to an indenture dated as of August 31, 2001, between the issuer and the indenture ...
The Offered Notes. The Offered Notes initially shall be deposited with DTC and held in DTC Book-Entry Form and shall be evidenced by one global certificated security (“Global Note”), typewritten on safety paper, registered in the name of Cede & Co. or its registered assigns, representing the full aggregate principal amount of Offered Notes. The Global Note shall be substantially in the form of, and shall bear a legend to the effect contained in, Exhibit B-1 attached hereto with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Agreement and may have such letters, numbers or other marks of identification and such legends, notations or endorsements placed thereon as may be required by law or as may be determined by the officers executing such Global Note. Transfers of beneficial interests in Offered Notes held in DTC Book-Entry Form shall be accomplished and evidenced through DTC’s book-entry procedures.