Class A-1L Loans definition

Class A-1L Loans. The Class A-1L Loans incurred by the Issuer, as borrower, on the Closing Date under the Class A-1L Credit Agreement.
Sample 1
Class A-1L Loans means the Loans.
Sample 1
Class A-1L Loans. The Class A-1L Loans A-1L Senior Secured Loans incurred by the Co-Issuers on the Closing Date pursuant to the Credit Agreement. On the Refinancing Date, the Class A-1L Loans will be prepaid in full and will no longer be Outstanding.
Sample 1

Examples of Class A-1L Loans in a sentence

  • The Transferor makes the following representations and warranties, on which the Issuer relies in acquiring each Sale Portfolio Purchased hereunder and each of the Secured Parties relies upon in entering into the Indenture or purchasing the Notes or making the Class A-1L Loans.

  • The Subordinated Notes will not be redeemed; the Issuer will issue additional Subordinated Notes on the Refinancing Date (together with the Refinancing Secured Notes, the “Refinancing Notes” and, the Refinancing Notes, together with the Class A-1L Loans, the “Refinancing Debt”).

  • All payments of amounts due and payable with respect to any Debt that are to be made from amounts withdrawn from the Payment Account shall be made on behalf of the Issuer by the Collateral Trustee or a Paying Agent (and, in the case of the Class A-1L Loans, the Loan Agent) as with respect to payments or distributions on the Debt.

  • On the Closing Date, the Issuer will also enter into the Class A-1-L Credit Agreement (the "Credit Agreement") between the Issuer, Deutsche Bank Trust Company Americas, as the collateral agent and the loan agent and the lenders party thereto from time to time, pursuant to which the Issuer will incur U.S.$20,000,000 Class A-1-L Senior Secured Floating Rate Loans maturing 2032 (the "Class A-1-L Loans") on the Closing Date.

  • The recitals contained herein and in the Notes (or the lender notes with respect to the Class A-1L Loans), other than the Certificate of Authentication thereon, shall be taken as the statements of the Applicable Issuers; and the Collateral Trustee assumes no responsibility for their correctness.

  • Ownership of the Class A-1L Loans shall be determined by reference to the Loan Register maintained by the Loan Agent in accordance with the Class A-1L Credit Agreement.

  • The Issuer is duly authorized to execute and deliver this Indenture to provide for the Notes issuable as provided herein and to incur the Class A-1L Loans as provided herein and in the Class A-1L Credit Agreement.

  • The Borrower believes that the Class A-1L Loans will not constitute an “ownership interest” in a “covered fund” for purposes of the Xxxxxxx Rule.

  • The Class A-1-L Loans and Secured Notes will be secured by the assets of the Issuer.

  • The Issuer is duly authorized to execute and deliver this Indenture to provide for the Notes issuable as provided herein and the Class A-1-L Loans incurred pursuant to the Class A-1-L Credit Agreement, dated as of the Closing Date, among the Issuer, as borrower, the Collateral Agent, the Loan Agent and the lenders party thereto from time to time (the “Credit Agreement”).


More Definitions of Class A-1L Loans

Class A-1L Loans. The Class A-1L Senior Secured Floating Rate Loans incurred by the Co-Issuers on the Refinancing Date.
Sample 1

Related to Class A-1L Loans

  • Class A-1 Note Rate means, with respect to any Quarterly Interest Period, the interest rate per annum (computed on the basis of the actual number of days in such Quarterly Interest Period over a year of 360 days) equal to Three-Month LIBOR for the related LIBOR Reset Period plus 0.08%.

  • Class A-1 Interest Rate means 0.48000% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Class A-1 Notes means the Class A-1 1.28000% Asset-Backed Notes, substantially in the form of Exhibit A-1 to the Indenture.

  • Class A-2-A Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-5 Notes means the $_________ Floating Rate Class A-5 Student Loan Asset-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A thereto.

  • Class A-2, Class X-1," "Class X-2," "Class B," "Class C," "Class D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class R-I," "Class R-II" and "Class R-III" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.

  • Class A-2 Note Interest Rate means a rate per annum equal to %.

  • Class A-1 Note Balance means, at any time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes.

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-1 Note means any of 5.604% Asset Backed Notes, Class A‑1, issued under the Indenture substantially in the form attached thereto as Exhibit A-1.

  • Class A-1 Rate means 5.604% per annum (computed on the basis of the actual number of days elapsed during the relevant Interest Period and a 360‑day year).

  • Class A-2-B Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-2-B Notes, issued in accordance with the Indenture.

  • Class A Certificate Rate means, for any Interest Accrual Period with respect to the Class A Certificates, a per annum rate equal to LIBOR plus 0.11%.

  • Class A-2-B Interest Rate means LIBOR + 0.27% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360 day year); provided, however, that for any Interest Period for which the sum of LIBOR + 0.27% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.

  • Class A-1 Current Interest As of any Distribution Date, the interest accrued during the related Accrual Period at the Class A-1 Pass-Through Rate on the Class A-1 Certificate Principal Balance as of such Distribution Date plus the portion of any previous distributions on such Class in respect of Current Interest or a Class A-1 Interest Carry Forward Amount that is recovered as a voidable preference by a trustee in bankruptcy, less any Non-Supported Interest Shortfall allocated on such Distribution Date to the Class A-1 Certificates.

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

  • Class A-2 Notes means the Class A-2a Notes and the Class A-2b Notes, collectively.

  • Class A-3 Note Interest Rate means a rate per annum equal to %.

  • Class B-4 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-4 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Prepayment Percentage for such Distribution Date will be zero.

  • Class A-2-A Notes has the meaning assigned to such term in the Indenture.

  • Class A Certificates As specified in the Preliminary Statement.

  • Initial Class A-1 Note Balance means $265,000,000.

  • Class A Notes means the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes.

  • Class A Note Rate means 2.97% per annum.