Asset Backed Certificate definition

Asset Backed Certificate. (herein called the “Certificate”). Also issued under the Indenture, dated as of August 31, 2020, among the Trust, the Holding Trust, Xxxxx Fargo Bank, National Association, as indenture trustee, are eight classes of Notes designated as “Class A-1 0.21832% Asset Backed Notes” (“Class A-1 Notes”), “Class A-2 0.46% Asset Backed Notes” (“Class A-2 Notes”), “Class A-3 0.52% Asset Backed Notes” (“Class A-3 Notes” and, together with the Class A-1 Notes and the Class A-2 Notes, the “Class A Notes”), “Class B 0.79% Asset Backed Notes” (the “Class B Notes”), “Class C 1.32% Asset Backed Notes” (the “Class C Notes”), “Class D 1.73% Asset Backed Notes” (the “Class D Notes”), “Class E 3.44% Asset Backed Notes” (the “Class E Notes”) and “Class F 5.56% Asset Backed Notes” (the “Class F Notes” and, together 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 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 rights to 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 (i) Purchase Agreement dated as of August 31, 2020, between Exeter Finance LLC and the Seller and (ii) Sale Agreement dated as of August 31, 2020, among Exeter Flow Intermediary Trust, Exeter Finance LLC 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 prov...
Asset Backed Certificate. (herein called the “Certificate”). Also issued under the Indenture, dated as of May 10, 2006, among the Trust, Xxxxx Fargo Bank, National Association, as trustee and indenture collateral agent, are three classes of Notes designated as “Class A-1 5.37% Asset Backed Notes” (the “Class A-1 Notes”), “Class A-2 5.42% Asset Backed Notes” (the “Class A-2 Notes”) and “Class A-3 5.53% Asset Backed Notes” (the “Class A-3 Notes” and together with the Class A-1 Notes and the Class A-2 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 Initial Cutoff Date, in the case of the Initial Receivables, and the Subsequent Cutoff Date, in the case of the 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, all right, to and interest of the Seller in and to the Purchase Agreement dated as of May 10, 2006 among 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 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...
Asset Backed Certificate. (herein called the "Certificate"). Also issued under the Indenture, dated as of March 1, 2004, between the Trust, and JPMorgan Chase Bank, as trustee, are five classes of Notes designated as "Class A-1 1.07% Asset Backed Notes" (the "Class A-1 Notes"), "Class A-2 1.40% Asset Backed

Examples of Asset Backed Certificate in a sentence

  • The Issuer will also issue an Asset Backed Certificate (the “Certificate”) to JDRI.

  • The transactions/blocks are added to the chain in chronological order and in a linear fashion, so that all participants have a copy of the entire chain, including its history, in real time.

  • In addition to the Notes, the Trust will also issue an Asset Backed Certificate representing the beneficial ownership interests in the Trust (the “Certificate”) (the Notes and the Certificate, together, the “Securities”) pursuant to a trust agreement, dated as of , 20 , as amended and restated as of , 20 (the “Trust Agreement”), between the Seller and [Owner Trustee], as owner trustee (the “Owner Trustee”).

  • BA Credit Card Funding, LLC has caused this Class D Asset Backed Certificate, Series 2001‑D to be duly executed by its Authorized Officer.

  • BA Credit Card Funding, LLC has caused this Class D Asset Backed Certificate, Series 2001-D to be duly executed by its Authorized Officer.

  • In addition to the Notes, the Trust will also issue an Asset Backed Certificate representing the beneficial ownership interests in the Trust (the “Certificate”) (the Notes and the Certificate, collectively, the “Securities”) pursuant to a trust agreement, dated as of , 201 , as amended and restated as of , 201 (the “Trust Agreement”), between the Seller and [Owner Trustee], as owner trustee (the “Owner Trustee”).

  • BA Credit Card Funding, LLC has caused this Class D Asset Backed Certificate, Series 2000-H to be duly executed under its official seal.

  • Obtained copies of the First Bank Corporate Card Master Trust Class A 6.40%, Asset Backed Certificates Number R-1 and R-2 and Class B 6.55% Asset Backed Certificate Number R-1 issued February 27, 1997, evidencing that they represent an undivided interest in the Trust.

  • In addition to the Notes, the Trust will also issue an Asset Backed Certificate representing the beneficial ownership interests in the Trust (the "Certificate") (the Notes and the Certificate, collectively, the "Securities") pursuant to a Trust Agreement, dated as of ____________, 20__, as amended and restated as of ___________, 20__ between the Seller and [Name of owner trustee], as owner trustee (the "Owner Trustee").

  • Authorised and issued share capital Authorised875,000,000 ordinary shares of US$0.01 eachIssued220,493,732 (2015: 220,493,732) ordinary shares of US$0,01 each Unissued share capital 2016US$Restated2015US$6,545,0636,545,063This is share capital which Directors may allot, grant options over or deal with at their discretion (in terms of the Articles of Association) subject to the limitations of the Companies Act (Chapter 24:03) and the Zimbabwe Stock Exchange, without further restrictions.