Class C Note definition

Class C Note means any one of the Series 2015-1 3.96% Rental Car Asset Backed Notes, Class C, executed by ABRCF and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit C‑1, Exhibit C‑2 or Exhibit C‑3. Definitive Class C Notes shall have such insertions and deletions as are necessary to give effect to the provisions of Section 2.18 of the Base Indenture.

Class C Note means a Class C Note issued pursuant to the Indenture, substantially in the form of Exhibit A-8 thereto.

Class C Note means any one of the Series 2020-1 3.02% Rental Car Asset Backed Notes, Class C, executed by ABRCF and authenticated by or on behalf of the Trustee, substantially in the form of Exhibit C-1, Exhibit C-2 or Exhibit C-3. Definitive Class C Notes shall have such insertions and deletions as are necessary to give effect to the provisions of Section 2.18 of the Base Indenture.

Examples of Class C Note in a sentence

• Such shortfall shall not be treated as due on that date for the purposes of Condition 4, but shall accrue interest as long as it remains outstanding at the rate of interest applicable to the Class C Notes for such period, and a pro rata share of such shortfall and accrued interest thereon shall be aggregated with the amount of, and treated for the purpose of these Conditions as if it were interest due, subject to this Condition, on each Class C Note on the next succeeding Notes Payment Date.

• In 2010, estates could elect either a 0% estate tax without a stepped-up basis or a 35% estate tax with a basis step up.make annual exclusion gifts (currently $15,000 per year to an unlimited number of persons) to$50,000 per year.

• The amounts available for the Noteholders will be passed through on each Notes Payment Date to the Class C Notes by applying in respect of each Class C Note, the Class C Redemption Amount.

• If, on any Notes Calculation Date, there is a balance on the Class C Principal Deficiency Ledger, then notwithstanding any other provisions of these Conditions, the principal amount payable on redemption of each Class C Note on the immediately succeeding Notes Payment Date shall not exceed its Principal Amount Outstanding less the Class C Principal Shortfall on such Notes Payment Date.

• Interest shall accrue on the Class C Shortfall at the Class C Note Rate.

More Definitions of Class C Note

Class C Note means a DiscoverSeries Note specified in the applicable Terms Document as belonging to Class C.

Class C Note means any one of the Notes executed by the Issuer and authenticated by or on behalf of the Indenture Trustee, substantially in the form of Exhibit A-3.

Class C Note shall have the meaning specified in the Indenture.

Class C Note means any one of the Notes substantially in the form of Exhibit A-3, which is duly executed and authenticated in accordance with the Indenture.

Class C Note means any one of the Notes substantially in the form of Exhibit A-5 or A-6, which is duly executed and authenticated in accordance with the Indenture.

Class C Note means a CHASEseries Note specified in the applicable Terms Document as belonging to Class C.

Class C Note means any one of the 4.87% Class C Notes executed by the Owner Trustee on behalf of the Issuer and authenticated by the Indenture Trustee, substantially in the applicable form attached as Exhibit A to the Indenture.