Asset Backed Notes definition
Asset Backed Notes. (the “Class A-2 Notes”), “Class A-3 0.61% 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 e...
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 2.41% 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-1 2.85% Asset Backed Notes (the "Class B-1 Notes"), the Class B-2 Floating Rate Asset Backed Notes (the "Class B-2 Notes" and, together with the Class B-1 Notes, the "Class B Notes") and Class C 4.18% 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 Counterparties to receive payments (other than Swap Termination Payments) pursuant to the Interest Rate Swap Agreements. 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-1 Notes"), [____]% Class A-2 Asset Backed Notes (the "Class A-2 Notes"), [____]% Class A-3 Asset Backed Notes (the "Class A-3 Notes" and, together with the Class A-1 Notes and the Class A-2 Notes, the "Class A Notes") and [____]% Class B Asset Backed Notes (the "Class B Notes" and together with the Class A 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-1 Notes") and Class A-2 ___% Asset Backed Notes (the "Class A-2 Notes" and, together with the Class A-1 Notes, the "Notes"): GRANTING CLAUSE The Issuer hereby Grants to the Indenture Trustee at the Closing Date, as Indenture Trustee for the benefit of the Holders of the Notes, all of the Issuer's right, title and interest in and to (a) the Receivables and all moneys due thereon on or after the Cutoff Date, in the case of Precomputed Receivables, and all moneys received thereon on and after the Cutoff Date, in the case of Simple Interest Receivables; (b) the security interests in the Financed Vehicles granted by Obligors pursuant to the Receivables and any other interest of the Issuer in such Financed Vehicles; (c) any proceeds with respect to the Receivables from claims on any physical damage, credit life or disability insurance policies covering Financed Vehicles or Obligors; (d) any Financed Vehicle that shall have secured an Receivable and that shall have been acquired by or on behalf of the Company, the Servicer or the Issuer; (e) all funds on deposit from time to time in the Trust Accounts, including the Reserve Account Initial Deposit, and in all investments and proceeds thereof (including all income thereon); (f) the Sale and Servicing Agreement (including the Issuer's right to cause the Company to repurchase Receivables from the Issuer under certain circumstances described therein); and (g) all present and future claims, demands, causes of action and choses in action in respect of any or all of the foregoing and all payments on or under and all proceeds of every kind and nature whatsoever in respect of any or all of the foregoing, including all proceeds of the conversion thereof, voluntary or involuntary, into cash or other liquid property, accounts, accounts receivable, notes, drafts, acceptances, chattel paper, checks, deposit accounts, insurance proceeds, condemnation awards, rights to payment of any and every kind and other forms of obligations and receivables, instruments and other property which at any time constitute all or part of or are included in the proceeds of any of the foregoing (collectively, the "Collateral"). The foregoing Grant is made in trust to secure the payment of principal of and interest on, and any other amounts owing in respect of, the Notes, equally and ratably without prejudice, priority or distinction, and to secure compliance with the provisions of this Indenture, all as provided in this Indenture. The ...
Asset Backed Notes. (the "Class A-1 Notes"), (ii) $182,000,000 principal amount of its Class A-2 3.07% Asset Backed Notes (the "Class A-2 Notes"), (iii) $104,000,000 principal amount of its Class A-3 4.09% Asset Backed Notes (the "Class A-3 Notes"), (iv) $121,000,000 principal amount of its Class A-4 4.76% Asset Backed Notes (the "Class A-4 Notes"; together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Class A Notes") and (v) $20,000,000 principal amount of its 4.95% Class B Notes (the "Class B Notes"; together with the Class A Notes, the "Notes") pursuant to an Indenture to be dated as of the Closing Date (the "Indenture") between the Owner Trustee, acting on behalf of the Trust, and The Bank of New York, as indenture trustee (the "Indenture Trustee"). The Trust will also issue one or more certificates (the "Certificates") to the Seller representing the equity of the Trust. The assets of the Trust will include, among other things, a pool of commercial retail notes evidencing loans secured by new and used medium and heavy duty trucks, truck chassis, buses and trailers (the "Receivables"), certain monies due or received thereunder on or after (i) for the Initial Receivables, April 1, 2002 and (ii) for any Subsequent Receivables, the date designated by the Seller that precedes the related Subsequent Transfer Date (in each case, the "Cutoff Date"), security interests in the vehicles financed thereby, certain accounts, including monies on deposit in the Pre-Funding Account and the Negative Carry Account and the proceeds thereof, the proceeds, if any, of Dealer Liability, International Purchase Obligations and any Guaranties, the proceeds from claims on certain insurance policies, the benefits of any lease assignments and the rights of the Seller under the related Purchase Agreement and the related Custodian Agreement. The Initial Receivables will be transferred to the Trust by the Seller in exchange for the Notes and the Certificates and the Receivables will be serviced for the Trust by Navistar Financial Corporation (in its capacity as Servicer, the "Servicer") pursuant to a Pooling and Servicing Agreement (the "Pooling and Servicing Agreement") to be dated as of the Closing Date among the Seller, the Servicer and the Owner Trustee, acting on behalf of the Trust. Capitalized terms used and not otherwise defined herein shall have the meanings given them in the Pooling and Servicing Agreement. This is to confirm the agreement concerning the purchase o...
Asset Backed Notes. (the "Class A-5 Notes"), Class A-6 6.27% Asset Backed Notes (the "Class A-6 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class A-5 Notes, the "Class A Notes") and Class B 6.42% 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-4 Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture. The Class A-4 Notes are subordinated in right of payment to the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes and are senior in right of payment to the Class A-5 Notes, the Class A-6 Notes and the Class B Notes, each as and to the extent provided in the Indenture.
Asset Backed Notes. (the "Class A-5 Notes" and, together with the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class A- 6 ▇▇▇es, the "Class A Notes") and Class B 6.42% 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-6 Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture. The Class A-6 Notes are subordinated in right of payment to the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class A-5 Notes and are senior in right of payment to the Class B Notes, each as and to the extent provided in 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-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, the Class A-3 Notes and the Class A-5 Notes, the "Class A Notes") and Class B 6.92% 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-5 Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture. The Class A-5 Notes are subordinated in right of payment to the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes and are senior in right of payment to the Class B Notes, each as and to the extent provided in the Indenture.