Class A-1L Notes definition

Class A-1L Notes. The Class A-1L Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3.
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Class A-1L Notes means the $100,000,000 GCO Education Loan Funding Trust-I, GCO ELF Student Loan Asset-Backed Notes, Series 2003-2, Senior Class A-1L LIBOR Floating Rate issued pursuant to the Series 2003-2 Supplemental Indenture.
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Class A-1L Notes means the $____________ Floating Rate Class A-1L Student ---------------- Loan-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A-2 thereto.
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Examples of Class A-1L Notes in a sentence

  • The Class A-1L Notes shall mature, subject to Principal Reduction Payments, on May 25, 2013 (the Class A-1L Notes "Stated Maturity").

  • The Class A-1L Notes, the Class A-4AR Notes and the Class A-5AR Notes constitute Senior Notes.

  • A-1L Notes shall be payable on each Distribution Date on the principal amount outstanding of the Class A-1L Notes until the principal amount thereof is paid in full, at a rate per annum equal to the Class A-1L Rate.

  • The Class A-1L Notes are and will be equally and ratably secured by the Collateral pledged as security therefor as provided in the Indenture.

  • The Class A-1L Notes shall be in substantially the form set forth in Exhibit A-1 hereto, the Class A-4AR Notes and the Class A-5AR Notes shall be in substantially the form set forth in Exhibit A-2 hereto and the Class B Notes shall be in substantially the form set forth in Exhibit A-3 hereto, each with such variations, omissions and insertions as may be necessary.

  • By: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee By: Name: Title: This note is one of the Class A-1-L Notes and described in the provisions of the within-mentioned Indenture.

  • The Class A-1L Notes are prior in order of principal payment to the Class A-2, Class A-3, Class A-4 and Class B Notes and senior to the Class B Notes as and to the extent provided in the Indenture.

  • By: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee By: Name: Title: Attest This note is one of the Class A-1-L Notes and described in the provisions of the within-mentioned Indenture.

  • The Class A-1L Notes shall bear interest for each Interest Accrual Period, other than the first Interest Accrual Period, at a per annum rate equal to LIBOR, plus 0.10%.

  • Interest payable on the Class A-1L Notes shall be computed on the assumption that each year contains 360 days and actual days elapsed and rounding the resultant figure to the fifth decimal place.


More Definitions of Class A-1L Notes

Class A-1L Notes means the $100,000,000 GMAC Education Loan Funding Trust-I, GMAC ELF Student Loan Asset-Backed Notes, Series 2003-2, Senior Class A-1L LIBOR Floating Rate.
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Class A-1L Notes means the Class A-1L Senior Secured Floating Rate Notes due August 2025 and having the terms as described herein.
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Related to Class A-1L Notes

  • 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-1 Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-1 Notes, issued in accordance with the Indenture.

  • B Notes means each of Note B-1, Note B-2, Note B-3 and Note B-4.

  • A Notes means each Note that has a designation starting with “A”, either individually or in the aggregate as the context may require.

  • 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.