Class B Notes definition

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 proceeds from the sale of the Class A Notes, Class B Notes, Class C Notes and Class R Notes shall be deposited in the Collection Account and shall be deemed to be Principal Collections.

  • The Class R Notes shall be subordinated to the Class A Notes, the Class B Notes, the Class C Notes and (if issued) the Class D Notes.

  • The Class D Notes, if issued, shall be subordinated in right of payment to the Class A Notes, Class B Notes and Class C Notes, to the extent set forth herein.

  • The Class C Notes shall be subordinated in right of payment to the Class A Notes and Class B Notes, to the extent set forth herein.

  • The Class B Notes shall be subordinated in right of payment to the Class A Notes, to the extent set forth herein.


More Definitions of Class B Notes

Class B Notes means the Class B Asset Backed Notes, substantially in the form of Exhibit B.
Class B Notes means the 2.50% Class B Asset-backed Notes issued by the Issuer pursuant to the Indenture in the initial aggregate principal amount of $40,600,000.
Class B Notes means the $7,000,000 Floating Rate Class B Student Loan-Backed Notes issued by the Trust pursuant to the Indenture, substantially in the form of Exhibit A thereto.
Class B Notes means the $31,580,000 Class B 3.53% Asset Backed Notes issued by the Issuer, substantially in the form of Exhibit A to the Indenture.