Series 2002-1 Notes definition

Series 2002-1 Notes means the Series of Notes designated as the Series 2002-1 Notes.

Series 2002-1 Notes means the Series 2002-1 Loan Backed Variable Funding Notes issued pursuant to the Agreement and the Series 2002-1 Supplement.

Series 2002-1 Notes has the meaning specified in Section 1.01 of this Supplement.

Examples of Series 2002-1 Notes in a sentence

• References to “Series” or “Series of Notes” in this Agreement, shall, for all purposes, refer only to the Series 2002-1 Notes.

• Notes issued upon transfer, exchange or replacement of other Series 2002-1 Notes shall represent the outstanding principal amount of the Notes so transferred, exchanged or replaced.

• On any day occurring on or after the date on which the outstanding principal balance of the Series 2002-1 Notes is reduced to 10% or less of the initial Note Principal Balance, the Servicer shall have the option to redeem the Series 2002-1 Notes, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day.

• All other Series 2002-1 Notes that are authenticated after the Closing Date for any other purpose under this Agreement shall be dated the date of their authentication.

• Each capitalized term defined herein shall relate only to the Series 2002-1 Notes and no other Series issued by the Issuer.

More Definitions of Series 2002-1 Notes

Series 2002-1 Notes means the Sierra Timeshare Conduit Receivables Funding, LLC Loan-Backed Variable Funding Notes, Series 2002-1 issued under the Indenture and Servicing Agreement and the Series 0000-0 Xxxxxxxxx Supplement.

Series 2002-1 Notes. Collectively, the 2002-1 Class C Notes and the Series 2002-1 Class D Notes.

Series 2002-1 Notes means, collectively, the Class A-1 Notes and the Class A-2 Notes.

Series 2002-1 Notes means the Series 2002-1 Loan Backed Variable Funding Notes issued pursuant to the Agreement and the Series 2002-1 Supplement. “Series 2002-1 Supplement” shall mean the Series 2002-1 Supplement to the Master Indenture and Servicing Agreement dated as of August 29, 2002 and amended andrestated as of July 7, 2006 by and between the Issuer, the Master Servicer, the Trustee and the Collateral Agent, as amended from time to time. “Servicer Default” shall mean the defaults specified in Section 10.1.

Series 2002-1 Notes means the Class A and Class B Notes, and shall include any and all replacements, extensions, substitutions or renewals of such notes.

Series 2002-1 Notes means the notes issued pursuant to the Series 0000-0 Xxxxxxxxx Supplement and the Master Indenture.

Series 2002-1 Notes means Sierra Timeshare Conduit Receivables Funding LLC Loan-Backed Variable Funding Notes Series 2002-1 Notes issued pursuant to the Series 2002-1 Indenture.