Controlled Amortization Period Clause Samples
Controlled Amortization Period. With respect to the Series 2023-6 Controlled Amortization Period, the Administrator will direct the Trustee in writing pursuant to the Administration Agreement to allocate, prior to 11:00 a.m. (New York City time) on any Series 2023-6 Deposit Date, all amounts deposited into the Collection Account as set forth below:
Controlled Amortization Period. With respect to any Series 1999-1 Controlled Amortization Period, the Servicer will direct the Trustee in writing to allocate, prior to 12:00 noon (New York City time) on any Series 1999-1 Deposit Date, all amounts deposited into the Collection Account as set forth below:
Controlled Amortization Period. During the Series 2003-1 Controlled Amortization Period, the Master Servicer or the Series 2003-1 Insurer, as applicable, will direct the Trustee to allocate, on each Series 2003-1 Deposit Date, all amounts deposited into the Group III Collection Account as set forth below:
Controlled Amortization Period. During the Series 1998-1 Controlled Amortization Period, the Master Servicer will direct the Trustee in writing to allocate, on each Series 1998-1 Deposit Date, all amounts deposited into the Group II Collection Account as set forth below:
Controlled Amortization Period. At the beginning of each Allocation Day during the Controlled Amortization Period, the Servicer will allocate Investor Principal Collections in the following amounts and in the following priorities (in each case until the referenced amounts have been so allocated during the related Collection Period):
(A) the sum of an amount, for each Variable Base Certificate, equal to the lesser of (a) the related Controlled Amortization Amount and (b) the portion of the related Cumulative Controlled Amortization Amount not already funded through one or more distributions of Controlled Amortization Amounts or Discretionary Prepayments following the end of the related Commitment Period and prior to such current Allocation Date;
(B) an amount equal to the amount of any remaining unreimbursed VBC Investor Charge-Offs (to the extent not funded from Investor Finance Charge Collections as set forth above);
(C) an amount equal to the aggregate amount of the Investor Default Amounts allocated to the Variable Base Certificates during the Related Collection Period prior to such Allocation Date (to the extent such amount exceeds the Investor Default Holdback Amount, or the portion thereof previously funded from Investor Finance Charge Collections as set forth above, and amounts available to be withdrawn from the Investor Component of the Retained Amount Account);
(D) for deposit into the Capitalized Interest Account in accordance with the provisions of Section 6.1(e) hereof, an amount equal to the amount specified in a notice delivered by the Servicer to the Trustee in anticipation of an Increase (to the extent not funded from Investor Finance Charge Collections as set forth above);
(E) for deposit into the Discretionary Prepayment Account in accordance with the provisions of Section 6.1(f) hereof, an amount equal to the amount of any Discretionary Prepayment to be made on any date after such Allocation Date as specified in a Notice of Discretionary Prepayment delivered to the Trustee and each VBC Holder (to the extent not funded from Investor Finance Charge Collections as set forth above);
(F) for deposit into the Retained Amount Account an amount equal to the amount required to be deposited into the Retained Amount Account on such date pursuant to Section 6.1(g)(iii)(A); and
(G) the balance shall be paid on such date to the Depositor for application in accordance with the Receivables Purchase Agreement.
Controlled Amortization Period. Upon each Decrease, the Administrative Agent shall indicate in its records such Decrease, the Purchaser Group Invested Amount outstanding with respect to each Purchaser Group after giving effect to such Decrease and the Class R Invested Amount outstanding with respect to each Committed Note Purchaser after giving effect to such Decrease. Upon receipt of any notice required by Section 2.5(a) from ABRCF, the Administrative Agent shall forward (by telecopy or electronic messaging system) a copy of such notice to each Non-Conduit Purchaser and the Funding Agent with respect to each CP Conduit Purchaser Group, no later than 1:00 p.m. (New York City time) on the Business Day received.
Controlled Amortization Period. Notwithstanding any provision to the contrary in the 2000-1 Supplement, the Controlled Amortization Period shall begin on August 1, 2003.
Controlled Amortization Period the Trustee shall, in respect of the Series 2004-1 Notes, withdraw from the Series 2004-1 Collection Account an amount equal to the lesser of the amounts specified in clauses (i) and (ii) of Section 4.10(a) of this Supplement, and deposit such amounts in the Series 2004-1 Distribution Account to be paid, pro rata, to the Series 2004-1 Noteholders on account of the Series 2004-1 Controlled Distribution Amount;
Controlled Amortization Period. Commencing on the Series 2012-1 Commitment Termination Date, on any Business Day during the Related Month with respect to any Distribution Date during the Series 2012-1 Controlled Amortization Period, upon the written request of CPF, or the Administrator on behalf of CPF, the Trustee shall withdraw from the Series 2012-1 Principal Subaccount an amount equal to the excess, if any, of the amount allocated to the Series 2012-1 Principal Subaccount over the Series 2012-1 Controlled Amortization Amount with respect to the Series 2012-1 Notes for such Distribution Date and pay such funds to CPF, provided that no Borrowing Base Deficiency, Series 2012-1 Enhancement Deficiency or Series 2012-1 Principal Deficit Amount would result therefrom or exist immediately thereafter as certified to the Trustee in writing by the Administrator. Amounts allocated to the Series
Controlled Amortization Period the Trustee shall, in respect of the Series 2004-1 Notes, withdraw from the Series 2004-1 Collection Account an amount equal to the lesser of the amounts specified in clauses (i) and (ii) of Section 4.10(a) of this Supplement, and deposit such amounts in the Series 2004-1 Distribution Account to be paid, pro rata, to the Series 2004-1 Noteholders on account of the Series 2004-1 Controlled Distribution Amount;
