Class B-1 Notes definition

Class B-1 Notes. The Class B-1 Senior Secured Floating Rate Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3.

Class B-1 Notes means any one of the Series 2005-3 Floating Rate Rental Car Asset Backed Notes, Class B-1, executed by HVF and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit A-2-1, Exhibit A-2-2 or Exhibit A-2-3. Definitive Class B-1 Notes shall have such insertions and deletions as are necessary to give effect to the provisions of Section 2.13 of the Base Indenture.

Class B-1 Notes means any one of the Series 2010-1 5.02% Rental Car Asset Backed Notes, Class B-1, executed by HVF and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit A-4-1, Exhibit A-4-2 or Exhibit A-4-3 to this Series Supplement.

Examples of Class B-1 Notes in a sentence

• On the Closing Date, the Class M-2A and Class M-2B Notes will be deemed to have been exchanged, in whole or in part, as applicable, for the Class M-2 Notes, the Class B-1A and Class B-1B Notes will be deemed to have been exchanged, in whole or in part, as applicable, for the Class B-1 Notes and the Class B-2A and Class B-2B Notes will be deemed to have been exchanged, in whole or in part, as applicable, for the Class B-2 Notes.The Original Notes will be issued pursuant to the Indenture.

• By purchasing the Class B-1 Notes, Holders agree to treat such Class B-1 Notes as notional principal contracts for U.S. federal income tax purposes (except for U.S. withholding tax purposes) and, as a result, as (i) a deemed loan and (ii) an on-market swap, each of which is tax accounted for in the manner described in the Offering Circular, unless such Holders are required to treat the Class B-1 Notes in some other manner pursuant to a Final Tax Determination.

• Class B-1A and Class B-1B Notes will be deemed to have been exchanged in their entirety for the Class B-1 Notes, and accordingly: i.

• The original Class Principal Balance shown for the Class B-1 Notes above is its Maximum Class Principal Balance.

• On the Closing Date, the Class B-1A and Class B-1B Notes will be deemed to have been exchanged in whole or in part, as applicable, for the Class B-1 Notes.

More Definitions of Class B-1 Notes

Class B-1 Notes. The Class B-1 Notes due March 25, 2036 issued under this Indenture in the original aggregate principal amount set forth in Section 2.02.

Class B-1 Notes means the Class B-1 Notes issued by Party B pursuant to the Indenture.

Class B-1 Notes. Class B-2 Notes", "Class M-1 Notes" and "Class M-2 Notes" shall each have the meaning assigned thereto in the "WITNESSETH THAT" Clause of this Indenture.

Class B-1 Notes has the meaning set forth in the first recital.

Class B-1 Notes means the $15,300,000 Nelnet Education Loan Funding, Inc., Student Loan Asset-Backed Notes, Subordinate Class 2004-2B-1 Auction Rate Notes.

Class B-1 Notes means the Class B-1 Home Equity Loan-Backed Notes, Series 2003-C, in substantially the form set forth in Exhibit A-2 to the Indenture.

Class B-1 Notes means the Class B-1 Fourth Priority Secured Floating Rate Notes due February 5, 2036, issued by the Co-Issuers on the Closing Date, that bear interest at a floating rate per annum equal to LIBOR plus .80%.