Class A Rapid Amortization Amount Sample Clauses
The Class A Rapid Amortization Amount clause defines the specific amount of principal payments that must be made on Class A securities when certain trigger events occur, such as a decline in asset performance or a breach of financial covenants. In practice, this clause accelerates the repayment schedule for Class A noteholders, requiring that available funds be used to pay down these notes more quickly than originally planned. By doing so, the clause protects senior investors by reducing their exposure to potential losses in adverse situations, thereby allocating risk and enhancing the credit quality of the Class A securities.
Class A Rapid Amortization Amount. An amount equal to the lesser of (A) the Class A Rapid Amortization Amount and
Class A Rapid Amortization Amount. An amount equal to the lesser of
(A) the Class A Rapid Amortization Amount and
(B) amounts on deposit in the Series Principal Collections Account shall be withdrawn from the Series Principal Collections Account and deposited into the Series Distribution Account. The amount by which the Class A Rapid Amortization Amount exceeds such deposit shall be the "Class A Rapid Amortization Amount Shortfall."
Class A Rapid Amortization Amount. An amount equal to the lesser of (A) the Class A Rapid Amortization Amount and (B) amounts on deposit in the Series Principal Collections Account
Class A Rapid Amortization Amount. An amount equal to the Class A Rapid Amortization Amount shall be deposited into the Series Distribution Account.