Common use of Early Amortization Period Clause in Contracts

Early Amortization Period. On each Distribution Date related to a Due Period occurring during an Early Amortization Period, in addition to the amount described in (a) above, amounts on deposit in the Series Principal Account will be distributed as principal (up to a maximum of the Invested Amount on such Distribution Date) on the Series 1995-1 Certificates; provided, however, that upon the occurrence of an Early Amortization Event described in clause (a) of Section 6.01, distributions in respect of the Invested Amount will commence on the immediately succeeding Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Navistar Financial Securities Corp)

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Early Amortization Period. On each Distribution Date related to a Due Period occurring during an Early Amortization Period, in addition to the amount described in (a) above, amounts on deposit in the Series Principal Account will be distributed as principal (up to a maximum of the Invested Amount on such Distribution Date) on the Series 19951997-1 Certificates; provided, however, that upon the occurrence of an Early Amortization Event described in clause (a) of Section 6.01, distributions in respect of the Invested Amount will commence on the immediately succeeding Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Navistar Financial Corp)

Early Amortization Period. On each Distribution Date related to a Due Period occurring during an Early Amortization Period, in addition to the amount described in (a) above, amounts on deposit in the Series Principal Account will be distributed as principal (up to a maximum of the Invested Amount on such Distribution Date) on the Series 19951998-1 Certificates; provided, however, that upon the occurrence of an Early Amortization Event described in clause (a) of Section 6.01, distributions in respect of the Invested Amount will commence on the immediately succeeding Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Navistar Financial Securities Corp)

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Early Amortization Period. On each Distribution Date related to a Due Period occurring during an Early Amortization Period, in addition to the amount described in (a) above, amounts on deposit in the Series Principal Account will be distributed as principal (up to a maximum of the Invested Amount on such Distribution Date) on the Series 19951997-1 Certificates; provided, however, that upon the occurrence of an Early Amortization Event described in clause (a) of Section 6.01, distributions in respect of the Invested Amount will commence on the immediately succeeding Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Navistar Financial Securities Corp)

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