Common use of Event of Default, Early Redemption Event, Other Optional or Mandatory Redemption Clause in Contracts

Event of Default, Early Redemption Event, Other Optional or Mandatory Redemption. If the Series 2002-B Notes have been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Redemption Event with respect to the Series 2002-B Notes occurs during a Monthly Period, or with respect to the Monthly Period immediately preceding any other date fixed for any other optional or mandatory redemption of the Series 2002-B Notes, the targeted deposit for the Series 2002-B Notes with respect to the Payment Date following such Monthly Period and each following Payment Date is equal to the Nominal Liquidation Amount of the Series 2002-B Notes as of the close of business on the last day of the preceding Monthly Period (taking into effect any reallocations on the following Payment Date).

Appears in 2 contracts

Samples: Series 2002 B Indenture Supplement (Daimlerchrysler Master Owner Trust), Series 2002 B Indenture Supplement (Daimlerchrysler Master Owner Trust)

AutoNDA by SimpleDocs

Event of Default, Early Redemption Event, Other Optional or Mandatory Redemption. If the Series 2002-B A Notes have been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Redemption Event with respect to the Series 2002-B A Notes occurs during a Monthly Period, or with respect to the Monthly Period immediately preceding any other date fixed for any other optional or mandatory redemption of the Series 2002-B A Notes, the targeted deposit for the Series 2002-B A Notes with respect to the Payment Date following such Monthly Period and each following Payment Date is equal to the Nominal Liquidation Amount of the Series 2002-B A Notes as of the close of business on the last day of the preceding Monthly Period (taking into effect any reallocations on the following Payment Date).

Appears in 2 contracts

Samples: Series 2002 a Indenture Supplement (Daimlerchrysler Master Owner Trust), Indenture Supplement (Daimlerchrysler Master Owner Trust)

Event of Default, Early Redemption Event, Other Optional or Mandatory Redemption. If the Series 2002-B [o] Notes have been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Redemption Event with respect to the Series 2002-B [o] Notes occurs during a Monthly Period, or with respect to the Monthly Period immediately preceding any other date fixed for any other optional or mandatory redemption of the Series 2002-B [o] Notes, the targeted deposit for the Series 2002-B [o] Notes with respect to the Payment Date following such Monthly Period and each following Payment Date is equal to the Nominal Liquidation Amount of the Series 2002-B [o] Notes as of the close of business on the last day of the preceding Monthly Period (taking into effect any reallocations on the following Payment Date).

Appears in 2 contracts

Samples: Indenture Supplement (Daimlerchrysler Wholesale Receivables LLC), Indenture Supplement (Daimlerchrysler Master Owner Trust)

Event of Default, Early Redemption Event, Other Optional or Mandatory Redemption. If the Series 20022003-B A Notes have been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Redemption Event with respect to the Series 20022003-B A Notes occurs during a Monthly Period, or with respect to the Monthly Period immediately preceding any other date fixed for any other optional or mandatory redemption of the Series 20022003-B A Notes, the targeted deposit for the Series 20022003-B A Notes with respect to the Payment Date following such Monthly Period and each following Payment Date is equal to the Nominal Liquidation Amount of the Series 20022003-B A Notes as of the close of business on the last day of the preceding Monthly Period (taking into effect any reallocations on the following Payment Date).

Appears in 2 contracts

Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust), Series 2003 a Indenture Supplement (Daimlerchrysler Master Owner Trust)

Event of Default, Early Redemption Event, Other Optional or Mandatory Redemption. If the Series 20022004-B Notes have been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Redemption Event with respect to the Series 20022004-B Notes occurs during a Monthly Period, or with respect to the Monthly Period immediately preceding any other date fixed for any other optional or mandatory redemption of the Series 20022004-B Notes, the targeted deposit for the Series 20022004-B Notes with respect to the Payment Date following such Monthly Period and each following Payment Date is equal to the Nominal Liquidation Amount of the Series 20022004-B Notes as of the close of business on the last day of the preceding Monthly Period (taking into effect any reallocations on the following Payment Date).

Appears in 2 contracts

Samples: Series 2004 B Indenture Supplement (Daimlerchrysler Master Owner Trust), Indenture Supplement (Daimlerchrysler Master Owner Trust)

AutoNDA by SimpleDocs

Event of Default, Early Redemption Event, Other Optional or Mandatory Redemption. If the Series 20022005-B A Notes have been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Redemption Event with respect to the Series 20022005-B A Notes occurs during a Monthly Period, or with respect to the Monthly Period immediately preceding any other date fixed for any other optional or mandatory redemption of the Series 20022005-B A Notes, the targeted deposit for the Series 20022005-B A Notes with respect to the Payment Date following such Monthly Period and each following Payment Date is equal to the Nominal Liquidation Amount of the Series 20022005-B A Notes as of the close of business on the last day of the preceding Monthly Period (taking into effect any reallocations on the following Payment Date).

Appears in 1 contract

Samples: Indenture Supplement (Daimlerchrysler Wholesale Receivables LLC)

Event of Default, Early Redemption Event, Other Optional or Mandatory Redemption. If the Series 20022004-B A Notes have been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Redemption Event with respect to the Series 20022004-B A Notes occurs during a Monthly Period, or with respect to the Monthly Period immediately preceding any other date fixed for any other optional or mandatory redemption of the Series 20022004-B A Notes, the targeted deposit for the Series 20022004-B A Notes with respect to the Payment Date following such Monthly Period and each following Payment Date is equal to the Nominal Liquidation Amount of the Series 20022004-B A Notes as of the close of business on the last day of the preceding Monthly Period (taking into effect any reallocations on the following Payment Date).

Appears in 1 contract

Samples: Indenture Supplement (Daimlerchrysler Master Owner Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!