Early Amortization Event Sample Clauses

Early Amortization Event. As of any date of determination, the existence of any one of the following events or conditions:
AutoNDA by SimpleDocs
Early Amortization Event. As of the date hereof, there shall exist no Series 2000-1 Early Amortization Event or Potential Series 2000-1 Early Amortization Event.
Early Amortization Event. Transferor reasonably believes that (A) the addition of the Receivables arising in the Supplemental Accounts will not, based on the facts known to Transferor, then or thereafter cause an Early Amortization Event to occur with respect to any Series and (B) no selection procedure was utilized by Transferor which would result in the selection of Supplemental Accounts (from among the available Eligible Accounts owned by the Credit Card Originator) that would be materially less favorable to the interests of the Investor Holders of any Series as of the Addition Date than a random selection;
Early Amortization Event. Transferor reasonably believes that (i) the Transferor has used reasonable efforts to avoid having the removal of the Transferred Receivables existing in the Removed Accounts designated hereby cause an Early Amortization Event to occur with respect to any series, and (ii) no selection procedure believed by Transferor to be materially adverse to the interests of Buyer or any of its creditors has been used in removing Removed Accounts designated hereby from among any pool of Accounts of a similar type (it being understood that Transferor will not be deemed to have used such an adverse selection procedure in connection with any Involuntary Removal) as of the Removal Date; and
Early Amortization Event. The occurrence during the Revolving Period of one or more of the following: (i) the amount on deposit in the Reserve Account is less than the Specified Reserve Account Balance on two consecutive Distribution Dates after payment of the Aggregate Additional Receivables Principal Balance; (ii) the amount on deposit in the Accumulation Account is less than the Target Reinvestment Amount on two consecutive Distribution Dates after payment of the Aggregate Additional Receivables Principal Balance; (iii) after payment of the Aggregate Additional Receivables Principal Balance on three consecutive Distribution Dates, the amount on deposit in the Accumulation Account exceeds 0.10% of the Initial Aggregate Receivables Principal Balance; (iv) an Event of Default occurs; or (v) a Servicer Default occurs.
Early Amortization Event. Transferor reasonably believes that (A) the removal of the Receivables existing in the Removed Accounts will not, based on the facts known to Transferor, then or thereafter cause an Early Amortization Event to occur with respect to any Series and (B) no selection procedure was utilized by Transferor which would result in a selection of Removed Accounts from among any pools of Accounts of a similar type that would be materially adverse to the interests of the Investor Holders of any Series as of the Removal Date; and
Early Amortization Event. Before and after giving effect to such Series 2009-1 Advance, no Early Amortization Event shall have occurred and be continuing unless such Series 2009-1 Advance has been approved by each Series 2009-1 Noteholder.
AutoNDA by SimpleDocs
Early Amortization Event. In the case of the happening of any Early Amortization Event, the Administrative Agent may, and at the direction of the Required Lenders shall, by notice to the Borrowers, provide written notice to the Borrowers that an Early Amortization Event has occurred.
Early Amortization Event. The occurrence of an Early Amortization Event under the Base Indenture.
Early Amortization Event. Before and after giving effect to such advance, no Early Amortization Event shall have occurred and be continuing, unless each of the Requisite Global Majority and Holders representing one hundred percent (100%) of the Aggregate Note Principal Balance have approved such advance.
Time is Money Join Law Insider Premium to draft better contracts faster.