Class B Notes definition

Class B Notes means the Class B 2.38% Asset-Backed Notes substantially in the form of Exhibit B to the Indenture.

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

Class B Notes means the Class of Auto Loan Asset Backed Notes designated as Class B Notes, issued in accordance with the Indenture.

Examples of Class B Notes in a sentence

• The Class A-2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes and the Class D Notes are subordinated to the Class A-1 Notes to the extent set forth in the Indenture and the Sale and Servicing Agreement.

• The Class C Notes and the Class D Notes are subordinated to the Class B Notes to the extent set forth in the Indenture and the Sale and Servicing Agreement.

• The Class D Notes are subordinated to the Class A-1 Notes, the Class A-2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes and the Class C Notes to the extent set forth in the Indenture and the Sale and Servicing Agreement.

• The Class B Notes are and shall be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture.

• All principal payments on the Class B Notes shall be made pro rata to the Holders entitled thereto if the Notes have been declared immediately due and payable.

More Definitions of Class B Notes

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.

Class B Notes means the Class B Asset Backed Notes, substantially in the form of Exhibit B.

Class B Notes means the $98,000,000 Class B 3.38% Asset Backed Notes issued by the Issuer, substantially in the form of Exhibit A to the Indenture.

Class B Notes. The 2.11% Asset Backed Notes, Class B in the initial aggregate principal balance of $23,220,000 issued pursuant to the Indenture.

Class B Notes means the 5.47% Class B Asset-backed Notes issued by the Issuer pursuant to the Indenture in the initial aggregate principal amount of $39,590,000.

Class B Notes means the $54,000,000 Floating Rate Class B Student Loan-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A-7 thereto.

Class B Notes means the [__]% Asset Backed Notes, Class B, substantially in the form of Exhibit A-6.