Common use of Accumulation Period Length; Accumulation Period Commencement Date Clause in Contracts

Accumulation Period Length; Accumulation Period Commencement Date. Beginning on the April 2003 Distribution Date, and on each Distribution Date thereafter that occurs prior to the Accumulation Period Commencement Date, the Servicer shall calculate the Accumulation Period Length and, if applicable, determine the Accumulation Period Commencement Date. Once the Servicer has determined the Accumulation Period Commencement Date, the Servicer shall promptly notify the Trustee in writing of such determination. In connection therewith, the Seller hereby agrees not to cause the Trust to issue any new Series during the period from the date hereof until the date that the Series 2000-B Certificates shall have been paid in full, if such issuance would have an adverse effect on the results obtained by application of the formula used to compute the Accumulation Period Length.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Carco Auto Loan Master Trust), Carco Auto Loan Master Trust

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Accumulation Period Length; Accumulation Period Commencement Date. Beginning on the April May 2003 Distribution Date, and on each Distribution Date thereafter that occurs prior to the Accumulation Period Commencement Date, the Servicer shall calculate the Accumulation Period Length and, if applicable, determine the Accumulation Period Commencement Date. Once the Servicer has determined the Accumulation Period Commencement Date, the Servicer shall promptly notify the Trustee in writing of such determination. In connection therewith, the Seller hereby agrees not to cause the Trust to issue any new Series during the period from the date hereof until the date that the Series 20001996-B 1 Certificates shall have been paid in full, if such issuance would have an adverse effect on the results obtained by application of the formula used to compute the Accumulation Period Length.

Appears in 1 contract

Samples: Carco Auto Loan Master Trust

Accumulation Period Length; Accumulation Period Commencement Date. Beginning on the April 2003 May 2004 Distribution Date, and on each Distribution Date thereafter that occurs prior to the Accumulation Period Commencement Date, the Servicer shall calculate the Accumulation Period Length and, if applicable, determine the Accumulation Period Commencement Date. Once the Servicer has determined the Accumulation Period Commencement Date, the Servicer shall promptly notify the Trustee in writing of such determination. In connection therewith, the Seller hereby agrees not to cause the Trust to issue any new Series during the period from the date hereof until the date that the Series 20002001-B A Certificates shall have been paid in full, if such issuance would have an adverse effect on the results obtained by application of the formula used to compute the Accumulation Period Length.

Appears in 1 contract

Samples: Daimlerchrysler Wholesale Receivables LLC

Accumulation Period Length; Accumulation Period Commencement Date. Beginning on the April 2003 June 2001 Distribution Date, and on each Distribution Date thereafter that occurs prior to the Accumulation Period Commencement Date, the Servicer shall calculate the Accumulation Period Length and, if applicable, determine the Accumulation Period Commencement Date. Once the Servicer has determined the Accumulation Period Commencement Date, the Servicer shall promptly notify the Trustee in writing of such determination. In connection therewith, the Seller hereby agrees not to cause the Trust to issue any new Series during the period from the date hereof until the date that the Series 20001996-B 2 Certificates shall have been paid in full, if such issuance would have an adverse effect on the results obtained by application of the formula used to compute the Accumulation Period Length.

Appears in 1 contract

Samples: Carco Auto Loan Master Trust

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Accumulation Period Length; Accumulation Period Commencement Date. Beginning on the April May 2003 Distribution Date, and on each Distribution Date thereafter that occurs prior to the Accumulation Period Commencement Date, the Servicer shall calculate the Accumulation Period Length and, if applicable, determine the Accumulation Period Commencement Date. Once the Servicer has determined the Accumulation Period Commencement Date, the Servicer shall promptly notify the Trustee in writing of such determination. In connection therewith, the Seller hereby agrees not to cause the Trust to issue any new Series during the period from the date hereof until the date that the Series 2000-B C Certificates shall have been paid in full, if such issuance would have an adverse effect on the results obtained by application of the formula used to compute the Accumulation Period Length.

Appears in 1 contract

Samples: Carco Auto Loan Master Trust

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