Segregated Note definition
Segregated Note means one or more segregated Series of Rental Car Asset Backed Notes.
Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.
Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.
Restricted Note has the same meaning as “Restricted Security” set forth in Rule 144(a)(3) promulgated under the Securities Act; provided that the Trustee shall be entitled to request and conclusively rely upon an Opinion of Counsel with respect to whether any Note is a Restricted Note.
Certificated Note means a Note in registered individual form without interest coupons.
Subordinated Note has the meaning set forth in the Purchase and Sale Agreement.