Class A Security definition
Examples of Class A Security in a sentence
Each Class A Security, Class B Security and Collateralized Trust Obligation will bear a legend or legends in substantially the following form: EACH PURCHASER REPRESENTS AND WARRANTS FOR THE BENEFIT OF FINGERHUT RECEIVABLES, INC.
Each new Class A Security issued upon transfer or exchange shall be in a principal amount of at least $100,000 (and, if less, the then unpaid principal amount thereof) and dated the date or dates to which interest on the Security surrendered shall have been paid or, if no such interest shall have been paid, the applicable date of issuance.
If in accordance with Section 6.17 of the Agreement, the Transferor elects to issue an Extension Notice and the conditions precedent for Extension specified therein have been satisfied, no principal will be payable with respect to the Class A Security until the date specified in such Extension Notice or in the last of any subsequent Extension Notices.
Each Class A Security that is a Global Security deposited with DTC, or a custodian on behalf of DTC, shall bear the following legend: UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
Each new Class A Security issued upon transfer or exchange shall be in a principal amount of at least $100,000 and each new Class E Security issued upon transfer or exchange shall be in a principal amount of at least $500,000 (and, in each case, if less, the then unpaid principal amount thereof) and dated the date or dates to which interest on the Security surrendered shall have been paid or, if no such interest shall have been paid, the applicable date of issuance.
The Servicer, the Trustee, the Paying Agent and the Transfer Agent and Registrar and any agent of any of them, may treat the person in whose name this Class A Security is registered as the owner hereof for all purposes, and neither the Servicer nor the Trustee, the Paying Agent, the Transfer Agent and Registrar, nor any agent of any of them, shall be affected by notice to the contrary except in certain circumstances described in the Agreement.
Each Class A Security and Class B Security and each Collateralized Trust Obligation that is a CTO Global Security deposited with DTC, or a custodian on behalf of DTC, shall bear the following legend: UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
This Class A Security is one of a Series of Securities entitled Partners First Credit Card Master Trust, Series 1998-3 (the "Series 1998-3 Securities"), and one of a class thereof entitled Class A Series 1998-3 Floating Rate Asset Backed Securities, (the "Class A Securities"), each of which represents a fractional, undivided interest in certain assets of the Trust.
The Class B Invested Amount, the CTO Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Security; the CTO Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Securities; and the Class D Invested Amount shall be subordinated to the Collateralized Trust Obligations, in each case to the extent provided in this Article IV.
Each Grantor is duly authorized and empowered to enter into, execute, deliver and perform this Agreement and each of the other Class A Security Documents to which it is a party.