Class A-2 Bond definition

Class A-2 Bond. Any of the Bonds with a "Class A-2" designation on the face thereof, executed by the Issuer and authenticated by the Indenture Trustee substantially in the form of Exhibit A-2 attached to the Indenture.
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Class A-2 Bond. Any of the Bonds issued hereunder and designated as such.
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Examples of Class A-2 Bond in a sentence

  • Accordingly, payments on the Class A-1 Bond will be made from Available Funds for Group I; payments on the Class A-2 Bond are from Available Funds for Group II; payments on the Class A-3 Bond are from Available Funds for Group III; and payments on the Class A-4 Bond are from Available Funds for Group IV.

  • The Bonds shall be issuable as registered Class A-1 Bonds or Class A-2 Bonds and shall be issuable in a minimum initial Class A-1 Bond Principal Balance or Class A-2 Bond Principal Balance, as the case may be, of $25,000 and in integral multiples of $1 in excess thereof.

  • Upon surrender for registration of transfer of, or presentation of a written instrument of transfer for, this Class A-2 Bond at the Corporate Trust Office, accompanied by proper instruments of assignment in form satisfactory to the Indenture Trustee, one or more new Class A-2 Bonds of any authorized denominations and of a like aggregate initial Class A-2 Bond Principal Balance will be issued to the designated transferee or transferees.

  • As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Class A-2 Bond may be registered on the Bond Register of the Issuer.

  • The Class A-2 Bonds are exchangeable for a like aggregate initial Class A-2 Bond Principal Balance of Class A-2 Bonds of different authorized denominations, as requested by the Holder surrendering the same.

  • Interest on the Bonds shall accrue at the Class A-1 Bond Interest Rate, in the case of the Class A-1 Bonds, and the Class A-2 Bond Interest Rate, in the case of the Class A-2 Bonds, during each Interest Accrual Period on the Class Balance of each Outstanding Bond at the end of such Interest Accrual Period.

  • All computations of interest accrued on any Class A-2 Bond shall be made on the basis of a year of 360 days and twelve 30-day months.

  • If any such acceleration of maturity occurs prior to the payment of the entire unpaid Class A-2 Bond Principal Balance of the Class A-2 Bonds, the amount payable to the Holder of this Class A-2 Bond will be equal to the unpaid Class A-2 Bond Principal Balance of this Class A-2 Bond, together with accrued and unpaid interest thereon as described in the Indenture.

  • Projected Class A-2 Bond Balance $172,000,000.00 iii.Projected Class A-3 Bond Balance $198,000,000.00 iv.

  • Beneficial Owners will hold interests in the Bonds through the book-entry facilities of the Depository in minimum initial Class A-1 Bond Principal Balances or Class A-2 Bond Principal Balances of $25,000 and integral multiples of $1 in excess thereof.

Related to Class A-2 Bond

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

  • 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-2 Note means any of the 0.51% Asset Backed Notes, Class A-2, issued under the Indenture substantially in the form attached thereto as Exhibit A-1.

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

  • 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-2a Notes means the Class A-2a 0.55% Asset-Backed Notes, substantially in the form of Exhibit A-2a to the Indenture.

  • 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-3 Notes means the Class of Auto Loan Asset Backed Notes designated as Class A-3 Notes, issued in accordance with the Indenture.

  • Class A-2b Notes means the Class A-2b Floating Rate Asset-Backed Notes, substantially in the form of Exhibit A-2b 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-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-2 Note Balance means, at any time, the Initial Class A-2 Note Balance reduced by all payments of principal made prior to such time on the Class A-2 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-3 Note Balance means, at any time, the Initial Class A-3 Note Balance reduced by all payments of principal made prior to such time on the Class A-3 Notes.

  • Class A-4 Notes means the Class A-4 3.44% Asset-Backed Notes, substantially in the form of Exhibit A-4 to the Indenture.

  • 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-2 Rate means [ ]% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Initial Class A-3 Note Balance means $380,000,000.

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

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Class A-2 Noteholders means the Class A-2a Noteholders and the Class A-2b Noteholders.

  • 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%.

  • Initial Class A-2 Note Balance means $235,000,000.

  • Class A-2 Noteholder means the Person in whose name a Class A-2 Note is registered on the Note Register.

  • Class A-2 Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-2 hereto.

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