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.
Class B Notes means the 3.24% Asset Backed Notes, Class B, substantially in the form of Exhibit B to the Indenture.

Examples of Class B Notes in a sentence

  • Each of (i) the subordination of interest payments to the Noteholders of the Class B Notes to the payment of any First Priority Principal Payment to the Noteholders of the Class A Notes and (ii) the subordination of interest payments to the Noteholders of the Class C Notes to the payment of any Second Priority Principal Payment to the Noteholders of the Class A Notes and the Class B Notes under Section 8.2(c) is a subordination agreement within the meaning of Section 510(a) of the Bankruptcy Code.

  • The Indenture Trustee shall, upon receipt of an Issuing Entity Order, authenticate and deliver for original issue the following aggregate principal amounts of the Notes: (i) $143,000,000 of Class A-1 Notes, (ii) $275,000,000 of Class A-2a Notes, (iii) $138,970,000 of Class A-2b Notes, (iv) $413,970,000 of Class A-3 Notes, (v) $65,000,000 of Class A-4 Notes, (vi) $63,170,000 of Class B Notes and (vii) $44,210,000 of Class C Notes.

  • The aggregate principal amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes Outstanding at any time may not exceed such respective amounts, except as provided in Section 2.6. Each Note shall be dated the date of its authentication.

  • The Class B Notes are subordinate to the Class A Notes issued pursuant to the Indenture to the extent provided in the Transaction Documents.

  • Ford Credit Auto Receivables Two LLC, a Delaware limited liability company (the "Depositor"), wholly owned by Ford Motor Credit Company LLC, a Delaware limited liability company ("Ford Credit"), proposes to sell the Class A-1, Class A-2a, Class A-2b, Class A-3, Class A-4 and Class B Notes (together, the "Offered Notes") described in the Terms Annex attached to this agreement (this agreement, including the Terms Annex, this "Agreement").


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. The 2.40% Asset Backed Notes, Class B in the initial aggregate principal balance of $11,760,000 issued pursuant to the Indenture.
Class B Notes means the 5.08% Class B Asset-backed Notes issued by the Issuer pursuant to the Indenture in the initial aggregate principal amount of $17,680,000.
Class B Notes means the $39,480,000 Class B 1.68% Asset Backed Notes issued by the Issuer, substantially in the form of Exhibit B to the Indenture.
Class B Notes means the $118,700,000 Class B 0.69% Asset Backed Notes issued by the Trust, substantially in the form of Exhibit A to this Indenture.
Class B Notes means the [__]% Asset Backed Notes, Class B, substantially in the form of Exhibit A-6.