Class A-3 Policy definition

Class A-3 Policy. The irrevocable Certificate Guaranty Insurance Policy, No. 35359, including any endorsements thereto, issued by MBIA with respect to the Class A-3 Certificates, in the form attached hereto as Exhibit O.
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Class A-3 Policy. The irrevocable Financial Guaranty Insurance Policy No. 50975-N, including any endorsements thereto, issued by Financial Security with respect to the Class A-3 Certificates, in the form attached hereto as Exhibit N.
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Examples of Class A-3 Policy in a sentence

  • Any Realized Loss, including any Excess Loss, allocated to the Class A-3 Certificates will be covered by the Class A-3 Policy.

  • Any payment under the Class A-3 Policy with respect to a Realized Loss allocated to the Class A-3 Certificates shall not result in a further reduction to the Class Principal Balance of the Class A-3 Certificates.

  • In addition, on or prior to the Closing Date, the Depositor shall cause MBIA to deliver the Class A-3 Policy to the Trustee.

  • The notice to be delivered by the Servicer to Financial Security with respect to any Distribution Date as to which there is a Class A-3 Distribution Deficiency, which shall be in the form attached to the Class A-3 Policy.

  • The Master Servicer shall not resign from the obligations and duties hereby imposed on it except (a) upon appointment of a successor servicer and receipt by the Trustee of a letter from each Rating Agency that such a resignation and appointment will not result in a downgrading of the rating of any of the Certificates without regard to the guaranty provided by the Class A-3 Policy, or (b) upon determination that its duties hereunder are no longer permissible under applicable law.

  • Ancillary Café (Use Class A3) Policy ED6 of the Lambeth local Plan (2015) states that proposals for town centre uses in edge of centre and out of centre locations will be assessed against the sequential test set out in the NPPF.

Related to Class A-3 Policy

  • 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-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-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.

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

  • Class A-3 Note means any of the 1.34% Asset Backed Notes, Class A-3, issued under the Indenture, substantially in the form of Exhibit A to 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-3 Component The Component having such designation.

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

  • Class A-4 Note Balance means, as of any date, the Initial Class A-4 Note Balance reduced by all payments of principal made on or prior to such date on the Class A-4 Notes.

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

  • Class A-4 Notes means the 0.62% Asset Backed Notes, Class A-4, substantially in the form of Exhibit A-4 to the Indenture.

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

  • 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-3 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-3 hereto.

  • 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-3 Principal Balance as of any date means the Class A‑3 Initial Principal Balance less all amounts paid to the holders of Class A‑3 Notes in respect of principal pursuant to Section 5.06 hereof.

  • 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-4 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-4 hereto.

  • Class A-3 Certificates All Certificates bearing the class designation of "Class A-3".

  • 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-3 Noteholder means the Person in whose name a Class A-3 Note is registered on the Note Register.

  • 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-3 Rate means [ ]% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Initial Class A-4 Note Balance means $75,000,000.

  • Class A-4 Note means any of the 3.30% Asset Backed Notes, Class A‑4, issued under the Indenture substantially in the form attached thereto as Exhibit A-2.

  • Class A-3 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-3 Rate and (B) the outstanding principal balance of the Class A-3 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-3 Notes on or before such preceding Distribution Date).