Class D Investor Default Amount Sample Clauses

Class D Investor Default Amount. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (iv), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the sum of (1) the aggregate Class D Investor Default Amount for such Business Day plus (2) the unpaid Class D Investor Default Amount for each previous Business Day during such Monthly Period, such amount to be (A) paid to the Transferor during the Revolving Period and during the Controlled Accumulation Period prior to the date on which an amount equal to the Class C Invested Amount has been deposited in the Principal Account, (B) to the extent allocated to Class D Principal pursuant to Section 4.7 during the Controlled Accumulation Period or the Early Amortization Period following the date on which an amount equal to the Class C Invested Amount has been deposited in the Principal Account, deposited in the Principal Account for distribution to the Class D Certificateholders on the next Distribution Date and (C) during the Early Amortization Period prior to the date on which an amount equal to the Class C Invested Amount has been deposited in the Principal Account, deposited in the Class D Subaccount of the Excess Funding Account to be available to be applied as Reallocated Class D Principal Collections until the Class C Invested Amount has been paid in full and, after the Class C Invested Amount has been paid in full, paid to the Transferor.
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Class D Investor Default Amount. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the remaining Cap Receipt Amount, second, if such day is a Default Recognition Date, from the Trans- feror an amount equal to the aggregate Transferor Retained Finance Charge Collections for each day during the related Monthly Period and then from the Collection Account and then from the Payment Reserve Account and then, on each Reserve Application Date, from the Investor Reserve Account, to the extent of any Available Series 1995-1 Finance Charge Collec- tions remaining after giving effect to the withdraw- als pursuant to subsections 4.9(a)(i) through (v), an amount equal to the lesser of (x) any such re- maining Available Series 1995-1 Finance Charge Collections and (y) the sum of (1) the aggregate Class D Investor Default Amount for such Business Day plus (2) the unpaid Class D Investor Default Amount for each previous Business Day during such Monthly Period, such amount to be (A) paid to the Transferor during the Revolving Period and the Amortization Period prior to the payment in full of the Class C Invested Amount, and (B) to the extent allocated to Class D Principal pursuant to Section 4.7 during the Amortization Period following the payment in full of the Class C Invested Amount, deposited in the Principal Account for distribution to the Class D Certificateholders on the next Dis- tribution Date.
Sample 1
Class D Investor Default Amount. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account, to the extent of any Available Series 1995-1 Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (v), an amount equal to the lesser of (x) any such remaining Available Series 1995-1 Interest Collections and (y) the sum of (1) the aggregate Class D Investor Default Amount for such Business Day plus (2) the unpaid Class D Investor Default Amount for each previous Business Day during such Monthly Period, such amount to be (A) paid to the Transferor during the Revolving Period and the Controlled Accumulation Period prior to the payment in full of the Class C Invested Amounts and (B) to the extent allocated to Class D Principal pursuant to Section 4.7 during the Controlled Accumulation Period following the payment in full of the Class C Invested Amount, deposited in the Principal Account for distribution to the Class D Certificateholders on the next Distribution Date.
Sample 1

Related to Class D Investor Default Amount

  • Post-Default Allocation Notwithstanding anything in any Loan Document to the contrary, during an Event of Default, monies to be applied to the Obligations, whether arising from payments by Obligors, realization on Collateral, setoff or otherwise, shall be allocated as follows:

  • Principal Deficit Amount On each Distribution Date on which the Principal Deficit Amount is greater than zero, amounts shall be transferred to the Series 2010-6 Distribution Account as follows:

  • Mandatory Principal Payments If, on any day, the Total Outstandings exceed the Maximum Loan Amount, then the Borrower shall make a principal payment to Administrative Agent in the amount of such excess, in immediately available funds within ten (10) Business Days of demand from the Administrative Agent (a “Mandatory Principal Payment”); with such payment being applied to the principal balances due hereunder is such fashion as the Borrower may designate; provided, however, that if during such ten (10) Business Day period, the Borrower delivers to the Administrative Agent Funding Evidence, such ten (10) Business Day period shall be extended for such additional time as the Administrative Agent determines, in its reasonable discretion, to be required by the Borrower to make the Mandatory Principal Payment but in no event shall such period exceed a maximum of sixty (60) days from the date that the Mandatory Principal Payment would otherwise be due hereunder.

  • Principal Payment Date Any unpaid principal of this promissory note (this "Demand Note") shall be paid on the Demand Date.

  • Alternative to Interest Amount The provisions of Paragraph 6(d)(ii) will apply.

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Principal Payment Dates Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows:

  • Reallocated Investor Finance Charge Collections (a) That portion of Group I Investor Finance Charge Collections for any Transfer Date equal to the amount of Reallocated Investor Finance Charge Collections for such Transfer Date will be allocated to Series 1997-1 and will be distributed as set forth in this Supplement.

  • Default; Acceleration (a) Any of the following shall constitute an “Event of Default” under this Note:

  • ORIGINAL CLASS A NON-PO PRINCIPAL BALANCE The Original Class A Non-PO Principal Balance is $170,009,500.00.

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