Amortization Period definition

Amortization Period means, with respect to any Series, or any Class within a Series, a period following the Revolving Period during which principal is distributed to Investor Certificateholders, which shall be the controlled amortization period, the principal amortization period, the rapid amortization period, or other amortization period, in each case as defined with respect to such Series in the related Supplement.

Amortization Period means a period of 360 full consecutive calendar months.

Amortization Period means the Payment Date beginning on the earlier of (i) the Payment Date in November 2020 or (ii) the Payment Date on or immediately following the date on which an Amortization Event occurs and ending on the earlier of (a) the Payment Date on which each Class of Notes have been paid in full and (b) the Final Maturity Date.

Examples of Amortization Period in a sentence

• Prior to the beginning of the Amortization Period, principal payments will not be made on the Notes, other than in connection with an Optional Redemption.

• On each Payment Date during the Amortization Period, the principal of each Class of Notes will be payable in installments on each Payment Date in accordance with the provisions of Article VIII.

• Bxxxxxxx agrees and acknowledges that upon the Maturity Date, neither Agent nor any Lender shall have any obligation to renew, extend, modify or rearrange the Loan and shall have the right to require all amounts due and owing under the Loan to be paid in full upon such date, subject to Borrower’s right to exercise the optional Amortization Period in accordance with Section 2.3 hereof.

• If Priority Principal Payments are required to be made on any Payment Date prior to the beginning of the Amortization Period in accordance with the provisions of Article VIII, such amounts will be deposited into the Principal Funding Account on such Payment Date in accordance with the provisions of Article VIII, to the extent of Series 2024-3 Available Funds, in lieu of such amounts being applied to pay principal on the Notes on such Payment Date.

• During an Amortization Period or if an Event of Default has occurred and is continuing, the Indenture Trustee shall, from time to time and in accordance with the direction of the Manager, without regard to the limitations described under Section 5.01, make withdrawals from the Collection Account to pay or reimburse the Servicer, the Verification Agent and the Indenture Trustee for any amounts then due to the Servicer, the Verification Agent and the Indenture Trustee under the Transaction Documents.

More Definitions of Amortization Period

Amortization Period means the period commencing on the Commitment Termination Date and ending on the Collection Date.

Amortization Period means the period from, and including, the Amortization Commencement Date to, and including, the earlier of (i) the date of the final distribution to Investor Certificateholders of the Series established hereby and (ii) the Series Termination Date. The first Distribution Date of the Amortization Period shall be the Distribution Date in the calendar month following the Amortization Commencement Date.

Amortization Period. The period beginning on the Termination Date and ending on the Collection Date.

Amortization Period means the period beginning on the Termination Date and ending on the Maturity Date.

Amortization Period. The period beginning on the earlier of: (i) the occurrence of an Amortization Event and (ii) the occurrence or declaration of the Termination Date, and ending on the Collection Date.

Amortization Period means the period of time beginning on the earlier of (i) the close of business on the October 2022 Distribution Date, and (ii) the close of business on the Business Day before the day on which an Early Amortization Event automatically occurs or is declared pursuant to Section 2.02 hereof.

Amortization Period. The period beginning on the Amortization Date and ending on the date that all classes of Notes have been paid in full.