Determination of Class Sample Clauses
Determination of Class. A-1 Note Rate. On the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Accrual Period and (ii) the first day of each succeeding Interest Accrual Period, the Indenture Trustee shall determine LIBOR and the Note Rate for the Class A-1 Notes for such Interest Accrual Period and shall inform the Issuer, the Master Servicer, the Credit Enhancer and the Depositor at their respective facsimile numbers given to the Indenture Trustee in writing. All determinations of LIBOR by the Indenture Trustee shall, in the absence of manifest error, be conclusive for all purposes, and each holder of a Class A-1 Note, by accepting its Class A-1 Note, agrees to be bound by such determination.
Determination of Class. A-1 Note Rate. On the second LIBOR Business Day immediately preceding (i) the Closing Date in the case of the first Interest Accrual Period and (ii) the first day of each succeeding Interest Accrual Period, the Indenture Trustee shall determine LIBOR and the Master Servicer shall determine the Note Rate for the Class A-1 Notes for such Interest Accrual Period and shall inform the Issuer, the Master Servicer (with respect to the Indenture Trustee's determination of the LIBOR), the Indenture Trustee (with respect to the Master Servicer's determination of the Note Rate), the Credit Enhancer and the Depositor at their respective facsimile numbers given to the Master Servicer or the Indenture Trustee, as applicable, in writing. All determinations of LIBOR by the Indenture Trustee shall, in the absence of manifest error, be conclusive for all purposes, and each holder of a Class A-1 Note, by accepting its Class A-1 Note, agrees to be bound by such determination.
Determination of Class. A Monthly Principal, Class B --------------------------------------------------- Monthly Principal, Collateral Monthly Principal and Class D Monthly Principal; ------------------------------------------------------------------------------ Principal Funding Account; Class A Accumulation Period.
(a) The amount of ------------------------------------------------------- monthly principal ("Class A Monthly Principal") distributable from the Collection Account with respect to the Class A Certificateholders' Interest on each Distribution Date beginning with the first to occur of (i) the first Special Payment Date and (ii) the first Distribution Date with respect to the Class A Accumulation Period, shall be equal to the least of (x) Available Principal Collections on deposit in the Collection Account with respect to such Distribution Date, (y) for each Distribution Date with respect to the Class A Accumulation Period, the Class A Controlled Deposit Amount for such Distribution Date and (z) the Class A Adjusted Invested Amount on such Distribution Date.
(b) The amount of monthly principal ("Class B Monthly Principal") distributable from the Collection Account with respect to the Class B Certificateholders' Interest on each Distribution Date beginning with the Class B Principal Commencement Date, shall be equal to the least of (x) Available Principal Collections on deposit in the Collection Account with respect to such Distribution Date (less the portion of Available Principal Collections applied to Class A Monthly Principal on such Distribution Date), (y) for each Distribution Date with respect to the Class B Accumulation Period, the Class B Controlled Deposit Amount for such Distribution Date and (z) the Class B Adjusted Invested Amount on such Distribution Date.
(i) The Servicer, for the benefit of the Class A Certificateholders and the Class B Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Class A Certificate holders and the Class B Certificateholders. The Principal Funding Account shall initially be established with Bankers Trust Company.
(ii) At the direction of the Servicer, funds on deposit in the Principal Funding Account shall be invested by the Trustee in Eligible Investments selected by the Servicer. All such Eligible Investments shall...
Determination of Class. A-1 Amount. Three business days prior to each Distribution Date on which any amount will be distributed from the Certificate Swap Account to the Class A-1 Certificates in accordance with Section 4.02(d), the Trustee shall determine the amount of any Class A-1 Amount for that Distribution Date and report such Class A-1 Amount to the Swap Counterparty on that same day in accordance with the notice provisions contained in Section 10.05(c); provided, however, that the Trustee shall be under no obligation to report such Class A-1 Amount to the Swap Counterparty unless it has first received the Certificate Swap Report for such Distribution Date. ARTICLE NINE
