Class A CP Notes definition

Class A CP Notes has the meaning set forth in Section 2.2(a)(iii).
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Class A CP Notes has the meaning set forth in Clause 2.2(a)(iii) (Class A Conduit Investor Funding) of the Issuer Facility Agreement.
Sample 1Sample 2Sample 3
Class A CP Notes has the meaning set forth in Section 2.2(a)(iii) (Class A Conduit Investor Funding).
Sample 1Sample 2Sample 3

Examples of Class A CP Notes in a sentence

  • No Liquidity Advance shall be requested and none will be made in respect of any Class A CP Notes that have been Defeased.

  • No Swing Line Advances will be made in respect of Class A CP Notes that have been Defeased.

  • In curing a Coverage Test, funds will be paid to the Class A CP Notes and the Class A LT Notes prior to the Class B Notes.

  • The Swing Line Commitment will be reduced proportionately on any day on which the Class A CP Notes are Defeased, by the percentage decrease in the Maximum CP Principal Component Amount caused by such Defeasance.

  • See “Liquidity Agreement.” Interest Proceeds deposited in the Interest Collection Account will be used, on a pro rata basis, to pay any accrued interest or Discount on any Class A CP Notes maturing on such date and to reimburse the Liquidity Provider for each Swing Line Advance, together with interest thereon.

  • After a Liquidity Advance is made, if new Class A CP Notes are issued, the proceeds from such issuance will upon receipt be promptly paid to the Liquidity Provider to repay any Liquidity Advance and redeem the Class A ST Notes and, thereafter, any remaining proceeds will be deposited in the Principal Collection Account.

  • The “Class D Interest Coverage Test” means, for so long as any Class A ST Notes, Class A LT Notes, Class A-1 Notes, Class A-2 Notes, Class B Notes, Class C Notes, Class D Notes or Class A CP Notes remain outstanding, a test satisfied on any Measurement Date if the Class D Interest Coverage Ratio as of such Measurement Date occurring on or after the second Distribution Date is equal to or greater than 102.0%.

  • In the event that the Interest Diversion Test is not satisfied on any Quarterly Distribution Date, funds that would otherwise be used to make distributions to the Preference Shareholders and to pay certain other expenses may instead be used to pay principal of the Notes, to Defease the Class A CP Notes, to pay any outstanding Base Liquidity Advances and to pay amounts payable to the Prepaid Swap Counterparty on an accelerated basis in accordance with the Priority of Payments.

  • The “Class E Interest Coverage Test” means, for so long as any Class A ST Notes, Class A LT Notes, Class B Notes, Class C Notes, Class D Notes, Class E Notes or Class A CP Notes remain outstanding, a test satisfied on any Measurement Date occurring on or after the second Distribution Date following the Ramp-Up Effective Date if the Class E Interest Coverage Ratio as of such Measurement Date is equal to or greater than 100%.

  • There can be no assurance that a secondary market for any Class of the Notes, the Class A CP Notes or the Preference Shares will develop, or if a secondary market does develop, that it will provide the holders of such Offered Securities with liquidity of investment or that it will continue for the life of such Offered Securities.


More Definitions of Class A CP Notes

Class A CP Notes has the meaning set forth in Section 2.2(a)(iii). SI- 8 WEIL:\96021961\2\52399.0016
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Related to Class A CP Notes

  • 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-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.

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

  • Class E Notes has the meaning assigned to such term in the Indenture.

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

  • Class A Certificates As specified in the Preliminary Statement.

  • 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 Note Balance means, at any time, the sum of the Class A-1 Note Balance, the Class A-2 Note Balance and the Class A-3 Note Balance at such time.

  • Class B Notes means any one of the Notes executed by the Issuer and authenticated by or on behalf of the Indenture Trustee, substantially in the form of Exhibit A-2.

  • Group II Class A Certificates The Class A-2a Certificates, the Class A-2b Certificates, the Class A-2c Certificates and the Class A-2d Certificates, collectively.

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

  • Class A Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class A Percentage for that distribution date, plus any Class A Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class A Noteholders’ Principal Distribution Amount will not exceed the outstanding principal balance of the class A notes, less all amounts, other than investment earnings, on deposit in the accumulation account.In addition, on the maturity date for any class of class A notes, the principal required to be distributed to the related noteholders will include the amount required to reduce the outstanding principal balance of that class to zero.

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

  • Class A Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class A Noteholders’ Interest Distribution Amount and the Class A Noteholders’ Principal Distribution Amount for that distribution date.

  • Class B Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class B Percentage for that distribution date, plus any Class B Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class B Noteholders’ Principal Distribution Amount will not exceed the principal balance of the class B notes.In addition, on the class B maturity date, the principal required to be distributed to the class B noteholders will include the amount required to reduce the outstanding principal balance of the class B notes to zero.

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

  • Initial Class A-4 Note Balance means $125,000,000.

  • 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 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".

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

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

  • 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.