Asset Backed Notes definition
Asset Backed Notes. (the “Class A-3 Notes”), “Class B 1.07% Asset Backed Notes” (the “Class B Notes”), “Class C 1.57% Asset Backed Notes” (the “Class C Notes”), “Class D 2.09% Asset Backed Notes” (the “Class D Notes”) and “Class E 2.64% Asset Backed Notes” (the “Class E Notes”) (the Class A-1 Notes, the Class A-2 Notes, the Class A-3 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 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 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 Purchase Agreement dated as of January 16, 2013 between 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 Servicer on behalf of 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...
Asset Backed Notes. (the "Class A-2 Notes") which, together with the Issuer's Class, A-1 5.4047% Asset Backed Notes (the "Class A-1 Notes"), Class A-3 5.36% Asset Backed Notes (the "Class A-3 Notes"), Class A-4 5.36% Asset Backed Notes (the "Class A-4 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Class A Notes") and Class B 5.66% Asset Backed Notes (the "Class B Notes" and, together with the Class A Notes, the "Notes") are issued under the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuer, the Indenture Trustee and the Noteholders. The Notes are subject to all terms of the Indenture. Subject to the subordination provisions of the Indenture, the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 and Class B Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture.
Asset Backed Notes. (the "Class A-3 Notes") and Class A-4 6.30% Asset Backed Notes (the "Class A-4 Notes") and, together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Notes"):
Examples of Asset Backed Notes in a sentence
This Note is one of a duly authorized issue of Class [A][B][C] [_]% Asset Backed Notes (the “Class [A][B][C] Notes”) of the Trust.
The Sponsor has filed with the Securities and Exchange Commission (the “Commission”), a registration statement (No. 333-109964) on Form S-3 for the registration under the Securities Act of 1933, as amended (the “Act”), of Asset Backed Notes and Certificates (issuable in series), which registration statement, as amended at the date hereof, has become effective.
This Note is one of a duly authorized issue of Notes of the Issuer, designated as its Asset- Backed Notes (herein called the "Notes"), all issued under the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuer, the Indenture Trustee and the holders of the Notes.
This Note is one of a duly authorized issue of Notes of the Issuer, designated as its 0.38% Asset Backed Notes, Class A–3 (herein called the “Class A–3 Notes”), all issued under the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuer, the Indenture Trustee and the Holders of the Notes.
This Note is one of a duly authorized issue of Notes of the Issuer, designated as its [____]% Asset Backed Notes, Class A-4 (herein called the “Class A-4 Notes”), all issued under the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuer, the Indenture Trustee and the Holders of the Notes.
More Definitions of Asset Backed Notes
Asset Backed Notes. (the "Class A-2a Notes"), Class A-2b Floating Rate Asset Backed Notes (the "Class A-2b Notes" and, together with the Class A-2a Notes, the "Class A-2 Notes"), Class A-3a 3.62% Asset Backed Notes (the "Class A-3a Notes"), Class A-3b Floating Rate Asset Backed Notes (the "Class A-3b Notes" and, together with the Class A-3a Notes, the "Class A-3 Notes"), Class A-4 4.36% Asset Backed Notes (the "Class A-4 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Class A Notes") and the Class B 4.79% Asset Backed Notes (the "Class B Notes" and, together with the Class A Notes and the Class C Notes, the "Notes"), are issued under the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuer, the Indenture Trustee and the Noteholders. The Notes are subject to all terms of the Indenture. The Class C Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture. The Class C Notes are subordinated in right of payment to the Class A Notes, the Class B Notes and to amounts payable to the Swap Counterparties pursuant to the Interest Rate Swap Agreements as and to the extent provided in the Indenture.
Asset Backed Notes. (the "Class A-3 Notes"), Class A-4 5.90% Asset Backed Notes (the "Class A-4 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Class A Notes") and Class B 6.15% Asset Backed Notes (the "Class B Notes" and, together with the Class A Notes, the "Notes"), are issued under the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuer, the Indenture Trustee and the Noteholders. The Notes are subject to all terms of the Indenture. The Class A-2 Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture. The Class A-2 Notes are subordinated in right of payment to the Class A-1 Notes and senior in right of payment to the Class A-3 Notes, the Class A-4 Notes and the Class B Notes, each as and to the extent provided in the Indenture.
Asset Backed Notes. (the "Class A- 1 Notes"), Class A-2b Floating Rate Asset Backed Notes (the "Class ▇-▇b Notes" and, together with the Class A-2a Notes, the "Class A-2 Notes"), Class A-3 3.38% Asset Backed Notes (the "Class A-3 Notes"), Class A-4 3.79% Asset Backed Notes (the "Class A-4 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Class A Notes"), Class B 4.22% Asset Backed Notes (the "Class B Notes") and Class C 4.81% Asset Backed Notes (the "Class C Notes" and, together with the Class A Notes and the Class B Notes, the "Notes"), are issued under the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuer, the Indenture Trustee and the Noteholders. The Notes are subject to all terms of the Indenture. The Class A-2a Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture. The Class A- 2a Notes are subordinated to the rights of the Swap Counterparty to receive payments (other than Swap Termination Payments) pursuant to the Interest Rate Swap Agreement. Interest on and principal of the Notes will be payable in accordance with the priority of payments set forth in Section 8.2 of the Indenture.
Asset Backed Notes. (the "Class A-3 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes and the Class A-4 Notes, the "Class A Notes" or the "Notes"), are issued under the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuer, the Indenture Trustee and the Noteholders. The Notes are subject to all terms of the Indenture. The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture.
Asset Backed Notes. (the "Class A-2A Notes" and together with the Class A-2B Notes, the "Class A-2 Notes"), Class A-3 2.96% Asset Backed Notes (the "Class A-3 Notes"), Class A-4 3.26% Asset Backed Notes (the "Class A-4 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Class A Notes"), Class B 3.13% Asset Backed Notes (the "Class B Notes"), Class C 3.37% Asset Backed Notes (the "Class C Notes") and Class D 5.60% Asset Backed Notes (the "Class D Notes" and, together with the Class A Notes, the Class B Notes, and the Class C Notes, the "Notes"), are issued under the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuer, the Indenture Trustee and the Noteholders. The Notes are subject to all terms of the Indenture. Subject to the subordination provisions of the Indenture, the Class A Notes, Class B Notes, Class C Notes and Class D Notes, are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture.
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 or the other Basic Documents. The Certificates may not be acquired by or for the account of an individual or entity that is not a U.S. Person as defined in Section 7701(A)(30) of the Code. By accepting and holding a Certificate, the Holder shall be deemed to have represented and warranted that it (or, if it is acting as a nominee, the Beneficial Owner) is a U.S. Person. Unless the certificate of authentication hereon shall have been executed by an authorized...
Asset Backed Notes. (the "Class A-4 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Class A Notes") and Class B 5.26% Asset Backed Notes (the "Class B Notes" and, together with the Class A Notes, the "Notes") are issued under the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuer, the Indenture Trustee and the Noteholders. The Notes are subject to all terms of the Indenture. Subject to the subordination provisions of the Indenture, the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 and Class B Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture.