Examples of Series 2005-2 Notes in a sentence
In the event of default and acceleration, amount up to the outstanding dollar principal amount of the Series 2005-2 Notes treated as Series 2005-2 Available Principal Collections $0.0011.
Interest shall accrue on the Deficiency Amount for each Class of Series 2005-2 Notes at the applicable Series 2005-2 Note Rate.
The Series 2005-2 Notes will be resold initially only (A) to qualified institutional buyers (as defined in Rule 144A) (“QIBs”) in reliance on Rule 144A and (B) to Persons other than U.S. Persons (as defined in Regulation S) in reliance on Regulation S.
The Series 2005-2 Notes are limited obligations of the Issuer, payable solely from the Trust Estate created under the Indenture, consisting of certain revenues and Funds and Accounts pledged under the Indenture including, but not limited to, payments of principal and interest made by obligors of Financed Student Loans and available Note proceeds.
References in this Amendment to the “Control Party” refer to Ambac Assurance Corporation, which is the Control Party under the Series 2005-1 Notes and Series 2005-2 Notes and constitutes, as of the Effective Date, the Requisite Global Majority.