Class A-3 Swap Agreement definition

Class A-3 Swap Agreement means the ISDA Master Agreement dated as of the Closing Date between the Issuer and the Class A-3 Swap Counterparty, including the related schedule and confirmation.
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Class A-3 Swap Agreement an interest rate swap agreement between the Trust and the Class A-3 Counterparty substantially in the form of Exhibit G to the Sale and Servicing Agreement or such other form as shall have satisfied the Rating Agency Condition.
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Class A-3 Swap Agreement. The interest rate swap agreement, dated as of February 28, 2007, between the Class A-3 Grantor Trustee, on behalf of the Class A-3 Grantor Trust, and the Swap Provider, for the benefit of the holders of the Class A-3 Certificates, including the Class A-3 Swap Credit Support Annex, any schedule, confirmation or other credit support document relating thereto, in substantially the form of Exhibit P-3 hereto.
Sample 1

Examples of Class A-3 Swap Agreement in a sentence

  • This is a 6-fold improvement on the blend-flaw in the original cut.

  • It has full power, authority and legal right to execute, deliver and perform its obligations as Issuer under this Indenture, the Pooling and Servicing Agreement, the Notes, the Cash Collateral Account Agreement, the Administration Agreement, the Class A-2 Swap Agreement and the Class A-3 Swap Agreement (the foregoing documents, the "Issuer Documents").

  • A3 Distribution Ledger shall reflect the amount of monies from time to time held by the Issuer in respect of the Class A3 Notes in the Series 2005-B Issuer Distribution Account and shall also be credited or debited with any Swap Termination Amounts received or paid by the Issuer with respect to the Class A3 Swap Agreement.

  • Nothing in this Indenture or in the Notes, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder, and the Noteholders, and any other party secured hereunder (with respect to the Class A-3 Swap Counterparty, for so long as the Class A-3 Swap Agreement remains in effect), and any other Person with an ownership or security interest in any part of the Collateral, any benefit or any legal or equitable right, remedy or claim under this Indenture.

  • Any excess amounts held in such Class A-3 Swap Collateral Account after payment of all amounts owing to the Class A-3 Grantor Trust under the Class A-3 Swap Agreement shall be withdrawn from the Class A-3 Swap Collateral Account and paid to the Swap Provider in accordance with the Class A-3 Swap Credit Support Annex.

  • The Issuer will maintain the Class A-3 Swap Agreement and will diligently enforce its rights thereunder and will not voluntarily consent to or permit any rescission of or, except as permitted by Section 11.21 hereof, consent to any amendment to or otherwise take any action under or in connection with the Class A-3 Swap Agreement which in any manner will adversely affect the rights of the Holders of the Class A-3 Notes.

  • Except for investment earnings, the Swap Provider shall not have any legal, equitable or beneficial interest in the Class A-3 Swap Collateral Account other than in accordance with this Agreement, the Class A-3 Swap Agreement and applicable law.

Related to Class A-3 Swap Agreement

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

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

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

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

  • 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-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-3 Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.8600%.

  • 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-2B Certificates All Certificates bearing the class designation of "Class A-2B."

  • Class A-4 Pass-Through Rate With respect to any Distribution Date, a per annum rate equal to 3.469%.

  • Class A-2-A Notes has the meaning assigned to such term in 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-4 Certificates All Certificates bearing the class designation of "Class A-4".

  • 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-4 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-4 Rate and (B) the outstanding principal balance of the Class A-4 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-4 Notes on or before such preceding Distribution Date).

  • 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-4 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class A‑4 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑4 Rate or, in the case of the first Payment Date, on the Class A‑4 Initial Principal Balance.

  • 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-2B Certificate Any Certificate designated as a "Class A-2B Certificate" on the face thereof, in the form of Exhibit A hereto, representing the right to distributions as set forth herein.

  • Class A-3 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class A‑3 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑3 Rate or, in the case of the first Payment Date, on the Class A‑3 Initial Principal Balance.

  • 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-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-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).

  • 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).