Legal Maturity Date Clause Samples

Legal Maturity Date. On the Legal Maturity Date of any Tranche of SynchronySeries Notes, after giving effect to any deposits, allocations, reimbursements, reallocations, sales of Collateral or other payments to be made on that date, amounts on deposit in the Principal Funding Sub-Account of any Tranche of a Subordinated Class of SynchronySeries Notes may be applied to pay principal of such Tranche or to make a payment under a Derivative Agreement with respect to principal of such Tranche. If the aggregate amount available for withdrawal from a Principal Funding Sub-Account for any Tranche of SynchronySeries Notes is less than all withdrawals required to be made from that Principal Funding Sub-Account for such Tranche with respect to a Monthly Period, after giving effect to all deposits to be made with respect to such Monthly Period, then the amounts on deposit will be withdrawn and, if payable to more than one Person, applied pro rata based on the amounts of the withdrawals required to be made.

Legal Maturity Date. On the Legal Maturity Date of any Tranche of WachoviaSeries Notes, after giving effect to any deposits, allocations, reimbursements, reallocations, sales of the Receivables or other payments to be made on that date, amounts on deposit in the Principal Funding Sub-Account of any Tranche of a Subordinated Class of WachoviaSeries Notes may be applied to pay principal of that Tranche, to make a payment under a Derivative Agreement with respect to principal of that Tranche or to make other payments as specified in the related Terms Document.