Initial Class A Reset Date Sample Clauses

Initial Class A Reset Date. The initial reset date with respect to the Class A Limited Membership Interests shall be June 28, 2007; provided that (i) in the case of a Failed Class A Mandatory Remarketing (as defined below) on the initial Class A Reset Date, a reset date shall occur on the three (3) month anniversary of the initial Class A Reset Date; provided, further, that, notwithstanding any provision to the contrary in this Section 7.1(a)(i), in the event of a Failed Class A Mandatory Remarketing that occurs as a result of any failure of (i) the Class A Remarketing Agent to completely perform its obligations under the Class A Remarketing Agreement or (ii) a Secondary Purchaser to settle the purchase and sale of the Class A Limited Membership Interests on or before the relevant Class A Reset Date, the Company shall cause a new Class A Mandatory Remarketing to be held as soon as practicable (and, in no event, more than 10 Business Days) after such Failed Class A Mandatory Remarketing. In connection with the initial Class A Reset Date, the Capital Accounts of all the Members (including the Class A Limited Members) shall be redetermined as set forth in Section 7.1(c). The Class A Preferred Return Rate so determined on such Class A Reset Date shall remain in effect until the second Scheduled Reset Date. The Capital Accounts of all the Members shall be redetermined as of the initial Class A Reset Date as set forth in Section 7.1(e)(iii).
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Related to Initial Class A Reset Date

  • Interest Reset Dates The period between Interest Reset Dates will be the “Interest Reset Period.” Unless otherwise specified on the face hereof, the Interest Reset Dates will be, in the case of this Floating Rate Note if by its terms it resets: (1) daily—each business day; (2) weekly—the Wednesday of each week, with the exception of any weekly reset Floating Rate Note as to which the Treasury Rate is an applicable Interest Rate Basis, which will reset the Tuesday of each week; (3) monthly—the fifteenth day of each calendar month; (4) quarterly—the fifteenth day of March, June, September and December of each year; (5) semi-annually—the fifteenth day of the two months of each year specified on the face hereof; and (6) annually—the fifteenth day of the month of each year specified on the face hereof; provided, however, that, with respect to a Floating Rate/Fixed Rate Note, the rate of interest thereon will not reset after the particular Fixed Rate Commencement Date. If any Interest Reset Date for this Floating Rate Note would otherwise be a day that is not a Business Day, the particular Interest Reset Date will be postponed to the next succeeding Business Day, except that in the case of a Floating Rate Note as to which LIBOR is an applicable Interest Rate Basis and that Business Day falls in the next succeeding calendar month, the particular Interest Reset Date will be the immediately preceding Business Day.

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

  • Original Class A Percentage The Original Class A Percentage is 96.79331905%.

  • Determination of Pass-Through Rates for LIBOR Certificates (a) On each Interest Determination Date so long as any LIBOR Certificates are outstanding, the Trustee will determine LIBOR on the basis of the British Bankers' Association ("BBA") "

  • Application Among Interest Rate Options All prepayments required pursuant to this Section 5.05 shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to a Base Rate Option, then to Loans subject to Euro-Rate Option. In accordance with Section 5.06(b), the Borrower shall indemnify the Banks for any loss or expense including loss of margin incurred with respect to any such prepayments applied against Loans subject to a Euro-Rate Option on any day other than the last day of the applicable Euro-Rate Interest Period.

  • REMIC Certificate Maturity Date Solely for purposes of satisfying Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the "latest possible maturity date" of the regular interests in the Upper-Tier REMIC, Middle-Tier REMIC and Lower-Tier REMIC is October 25, 2035.

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,493,405.52.

  • Class A Certificate 7 Class A Principal Distribution Amount..........................................................7

  • Regular Floating Rate Note Unless this Note is specified on the face hereof as a Floating Rate/Fixed Rate Note, this Note (a “Regular Floating Rate Note”) will bear interest at the rate determined by reference to the applicable Interest Rate Basis or Interest Rate Bases: (1) plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread Multiplier, if any. Commencing on the first Interest Reset Date, the rate at which interest on this Regular Floating Rate Note is payable will be reset as of each Interest Reset Date; provided, however, that the interest rate in effect for the period, if any, from the Original Issue Date to the first Interest Reset Date will be the Initial Interest Rate.

  • 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:

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