Pass-Through Notes definition

Pass-Through Notes means, in relation to a Funding 2 Issuer, any Series and Class of Notes issued by such Issuer which has no specified redemption date other than the Final Maturity Date. On the occurrence of a date specified for a Series and Class of Bullet Redemption Notes, Scheduled Redemption Notes or Controlled Amortisation Notes in the applicable Final Terms occurs or if a Step-Up Date in relation to such Series and Class of Notes occurs or if a Pass-Through Trigger Event occurs, then such Notes will be deemed to be Pass-Through Notes;
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Pass-Through Notes means, in respect of the Funding 2 Issuers, a Series and Class of Notes which has no specified redemption dates other than the Final Maturity Date. If a Trigger Event occurs or the Issuer Security is enforced, then the Bullet Redemption Notes, the Scheduled Redemption Notes and the Controlled Amortisation Notes will be deemed to be Pass-Through Notes;
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Pass-Through Notes has the meaning ascribed thereto in Condition 9.1 below;
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Examples of Pass-Through Notes in a sentence

  • Each Series and Class of Notes may be Bullet Redemption Notes, Scheduled Redemption Notes, Pass-Through Notes or a combination of any of the foregoing, depending upon the Redemption/Payment Basis shown in the applicable Final Terms.

  • Each Series and Class of Notes may be Bullet Redemption Notes, Scheduled Redemption Notes, Pass-Through Notes or a combination of any of the foregoing, depending upon the redemption/payment basis shown in the applicable Final Terms or Drawdown Prospectus.

  • Mortgage Pass-Through [Notes] [Certificates], Series _____, Class____, Class ____ Class ____, Class ____ Class ____ Class ____ and Class ____ [Notes] [Certificates](the “Securities”) will evidence beneficial ownership interest in a pool of Mortgage Loans having the characteristics described in the Prospectus Supplement dated the date hereof.

  • Title and Description of Notes: New Century Home Equity Loan Trust, Series 2006-S1, Asset Backed Pass-Through Notes.

  • The Contract Seller and Servicer have duly authorized the execution and delivery of this Agreement to provide for the issuance of GreenPoint Manufactured Housing Contract Trust, Pass-Through Notes, Series [_______] (the "Notes").

  • The Issuer, the Arranger, the Agents and the Security Trustee, whether by virtue of the types of relationships described herein or otherwise, may possess information in relation to any obligor of a Compartment or any entity that is or may be material in the context of Pass-Through Notes (as defined below) or other Notes and that may or may not be publicly available or known to the Noteholders or any other person.

  • Maturity: The date specified in the relevant Series Prospectus and/or the applicable Issue Terms, being, in respect of Notes identified as "Pass-Through Notes", unless otherwise specified, the date falling two business days following receipt of the consideration upon a sale of the relevant Compartment Assets (or, in case of Compartment Assets comprising loans or debt securities, the stated maturity date of the Compartment Assets).


More Definitions of Pass-Through Notes

Pass-Through Notes means, in relation to a Funding 2 Issuer, any Series and Class of Notes issued by such Issuer which has no specified redemption date other than the Final Maturity Date. If a date specified in relation to a Series and Class of Bullet Redemption Notes, Scheduled Redemption Notes or Controlled Amortisation Notes in the applicable Note Supplement occurs or a Trigger Event occurs or the [Issuer] Security in respect of such Funding 2 Issuer is enforced or a Note Acceleration Notice is served in respect of such Series and Class of Notes or a Step-Up Date (if any) in relation to such Series and Class of Notes occurs, then that Series and Class of Notes issued by such Funding 2 Issuer will be deemed to be Pass-Through Notes;
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Related to Pass-Through Notes

  • Pass Through Certificates means the pass through certificates issued by any Pass Through Trust (and any other pass through certificates for which such pass through certificates may be exchanged).

  • Pass through means a Discharge which exits the POTW into waters of the United States in quantities or concentrations which, alone or in conjunction with a discharge or discharges from other sources, is a cause of a violation of any requirement of the POTW's NPDES permit (including an increase in the magnitude or duration of a violation).

  • Pass Through Documents means each Pass Through Trust Agreement, the Note Purchase Agreement, each Escrow Agreement, each Deposit Agreement, the Intercreditor Agreement and each Liquidity Facility.

  • Pass Through Trust means each of the two separate grantor trusts that have been created pursuant to the Pass Through Trust Agreements to facilitate certain of the transactions contemplated by the Operative Documents.

  • Pass Through Trusts means all of such Pass Through Trusts. Pass Through Trustee. First Security Bank, National Association, a national banking association, in its capacity as Pass Through Trustee under the Pass Through Agreement and each Pass Through Trust.