Initial Senior Beneficial Interest definition

Initial Senior Beneficial Interest means the Senior Beneficial Interest created by entrustment of the Initial Auto Loan Receivables on the Trust Commencement Date in accordance with Article 12.2 of the First Trust Agreement.
Sample 1Sample 2Sample 3

Examples of Initial Senior Beneficial Interest in a sentence

  • The proceeds of the Asset Backed Loan to the First Trust will be used for the redemption of the Initial Senior Beneficial Interest under the First Trust Agreement.As the initial beneficiary of the Initial Senior Beneficial Interest under the First Trust Agreement, VWFSJ will receive such redemption amount and use such proceeds as working capital.

  • As the initial beneficiary of the Initial Senior Beneficial Interest under the First Trust Agreement, VWFSJ will receive such redemption amount and use such proceeds as working capital.

  • The proceeds of the Asset Backed Loan to the First Trust will be used for the redemption of the Initial Senior Beneficial Interest under the First Trust Agreement.

  • The Initial Senior Beneficial Interest and the Initial Subordinated Beneficial Interest will be created with respect to the entrustment of the Initial Auto Loan Receivables.

  • The proceeds of the Asset Backed Loan to the First Trust will be used for the redemption of the Initial Senior Beneficial Interest under the First Trust Agreement.As the initial beneficiary of the Initial Senior Beneficial Interests under the First Trust Agreement, VWFSJ will receive such redemption amount and use such proceeds as working capital.

Related to Initial Senior Beneficial Interest

  • Beneficial Interest means the opportunity, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, to profit, or share in any profit derived from, a transaction in the subject Securities. A Covered Person is deemed to have a Beneficial Interest in Securities owned by members of his or her Immediate Family. Common examples of Beneficial Interest include joint accounts, spousal accounts, UTMA accounts, partnerships, trusts and controlling interests in corporations. Any uncertainty as to whether a Covered Person has a Beneficial Interest in a Security should be brought to the attention of the Compliance Officer. Such questions will be resolved in accordance with, and this definition shall be subject to, the definition of “beneficial owner” found in Rules 16a-1(a)(2) and (5) promulgated under the Securities Exchange Act of 1934.

  • Transfer Restricted Definitive Notes means Definitive Notes that bear or are required to bear or are subject to the Restricted Notes Legend.

  • Class C Additional Interest is defined in Section 4.1(c).

  • Class B Additional Interest shall have the meaning specified in subsection 4.02(b).

  • body in which the relevant person has a beneficial interest means a firm in which the relevant person is a partner or a body corporate of which the relevant person is a director, or in the securities of which the relevant person has a beneficial interest;

  • Initial Note A-5 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Initial Note A-7 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • IAI Global Note means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of and registered in the name of the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the Notes sold to Institutional Accredited Investors.

  • 144A Global Note means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the Notes sold in reliance on Rule 144A.

  • 144A Global Security means a permanent Global Security in the form of the Security attached hereto as Exhibit A-1, and that is deposited with and registered in the name of the Depositary, representing Securities sold in reliance on Rule 144A under the Securities Act.

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).

  • Rule 144A Global Security has the meaning specified in Section 2.1(a) of Appendix A.

  • Capital Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

  • Regulation S Global Securities Appendix A

  • Regulation S Global Security The meaning specified in Section 3.01(c).

  • Initial Note A-6 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Transfer Restricted Global Notes means Global Notes that bear or are required to bear or are subject to the Restricted Notes Legend.

  • Regulation S Global Note means a Regulation S Temporary Global Note or Regulation S Permanent Global Note, as appropriate.

  • Restricted Definitive Note means a Definitive Note bearing the Private Placement Legend.