MATURITY ADVANCES Sample Clauses

MATURITY ADVANCES. To the extent that the Adjusted Class A-1 Certificate Balance is not reduced to zero on the Class A-1 Targeted Maturity Date, the Adjusted Class A-2 Certificate Balance is not reduced to zero on the Class A-2 Targeted Maturity Date, the Adjusted Class A-3 Certificate Balance is not reduced to zero on the Class A-3 Targeted Maturity Date or the Adjusted Class B Certificate Balance is not reduced to zero on the Class B Targeted Maturity Date, the Transferor will have the option to make a Maturity Advance in any amount up to the amount of such deficiency; provided that the Transferor must give the Servicer and the 1998-B Securitization Trustee no fewer than two Business Days' written notice of its intention to do so. Amounts received by the Servicer or 1998-B Securitization Trustee in respect of any Maturity Advance shall be deposited promptly by such recipient into the 1998-B SUBI Collection Account for application on the relevant Certificate Payment Date that follows the date such Maturity Advance is made and such notice is given.
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MATURITY ADVANCES. If, with respect to any Class of Certificates, on the related Targeted Maturity Date or any subsequent relevant Certificate Payment Date the aggregate of amounts available in the 1998-C SUBI Certificateholders' Account, the 1998-C SUBI Collection Account or from other sources to be paid in respect of the Adjusted Class A-1 Certificate Balance, the Adjusted Class A-2 Certificate Balance, the Adjusted Class A-3 Certificate Balance or the Adjusted Class B Certificate Balance pursuant to Section 3.01 of this 1998-C Securitization Trust Agreement are insufficient to reduce such Adjusted Class A-1 Certificate Balance, Adjusted Class A-2 Certificate Balance, Adjusted Class A-3 Certificate Balance or Adjusted Class B Certificate Balance to zero, as applicable, and to reimburse all unreimbursed Certificate Principal Loss Amounts previously allocated thereto, the Transferor may, at its sole option, make a Maturity Advance with respect to such shortfall to the Servicer or the 1998-C Securitization Trustee for deposit into the 1998-C SUBI Collection Account; PROVIDED, HOWEVER, that any such Maturity Advance must be made pursuant to the payment priorities set forth in Section 3.01(l)(ii).
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MATURITY ADVANCES. 44 ARTICLE VI THE 1998-C SECURITIZATION TRUSTEE. . . . . . . . . . . . . . . . . . . 44 6.01 Duties of the 1998-C Securitization Trustee . . . . . . . . . . . . . . 44 6.02 Certain Matters Affecting the 1998-C Securitization Trustee . . . . . . 45
Sample 1
MATURITY ADVANCES. If, with respect to any Class of Certificates, on the related Targeted Maturity Date or any subsequent relevant Certificate Payment Date the aggregate of amounts available in the 1998-C SUBI Certificateholders' Account, the 1998-C SUBI Collection Account or from other sources to be paid in respect of the Adjusted Class A-1 Certificate Balance, the Adjusted Class A-2 Certificate Balance, the Adjusted Class A-3 Certificate Balance or the Adjusted Class B Certificate Balance pursuant to Section 3.01 of this 1998-C Securitization Trust Agreement are insufficient to reduce such Adjusted Class A-1 Certificate Balance, Adjusted Class A-2 Certificate Balance, Adjusted Class A-3 Certificate Balance or Adjusted Class B Certificate Balance to zero, as applicable, and to reimburse all unreimbursed Certificate Principal Loss Amounts previously allocated thereto, the Transferor may, at its sole option, make a Maturity Advance with respect to such shortfall to the Servicer or the 1998-C Securitization Trustee for deposit into the 1998-C SUBI Collection Account. ARTICLE VI THE 1998-C SECURITIZATION TRUSTEE 6.01 DUTIES OF THE 1998-C SECURITIZATION TRUSTEE. (a) The 1998-C Securitization Trustee, both prior to and after the occurrence of an Event of Servicing Termination under the 1998-C SUBI Servicing Supplement, undertakes to perform such duties and only such duties as are specifically set forth in this 1998-C Securitization Trust Agreement. (b) The 1998-C Securitization Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the 1998-C Securitization Trustee that shall be specifically required to be furnished pursuant to any provision of this 1998-C Securitization Trust Agreement, shall examine them to determine whether they conform on their face to the requirements of this 1998-C Securitization Trust Agreement. (c) No provision of this 1998-C Securitization Trust Agreement shall be construed to relieve the 1998-C Securitization Trustee from liability for its own negligent action, its own negligent failure to act, its own bad faith or its own willful misfeasance; PROVIDED, HOWEVER, that: (i) the duties and obligations of the 1998-C Securitization Trustee shall be determined solely by the express provisions of this 1998-C Securitization Trust Agreement, the 1998-C Securitization Trustee shall not be liable except for the performance of such duties and obligations as are specifically set fort...
Sample 1
MATURITY ADVANCES. To the extent that the Adjusted Class A-1 Certificate Balance is not reduced to zero on the Class A-1 Targeted Maturity Date, the Adjusted Class A-2 Certificate Balance is not reduced to zero on the Class A-2 Targeted Maturity Date, the Adjusted Class A-3 Certificate Balance is not reduced to zero on the Class A-3 Targeted Maturity Date or the Adjusted Class B Certificate Balance is not reduced to zero on the Class B Targeted Maturity Date, the Transferor will have the option to make a Maturity Advance on such Targeted Maturity Date or any subsequent Certificate Payment Date in any amount up to the amount of such deficiency; PROVIDED, HOWEVER, that (i) the Transferor must give the Servicer and the 1998-C Securitization Trustee no fewer than two Business Days' written notice of its intention to make such a Maturity Advance and (ii) any such Maturity Advance must be made pursuant to the payment priorities set forth in Section 3.01(l)(ii). Amounts received by the Servicer or 1998-C Securitization Trustee in respect of any Maturity Advance shall be deposited promptly by such recipient into the 1998-C SUBI Collection Account for application on the relevant Certificate Payment Date that follows the date such Maturity Advance is made and such notice is given.
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Related to MATURITY ADVANCES

  • Term Advances The Borrower shall pay to the Administrative Agent for the ratable benefit of each Term Lender the aggregate outstanding principal amount of the Term Advances in quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31, 2012, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

  • Maturity of Loans Each Loan shall mature, and the principal amount thereof shall be due and payable, on the Stated Maturity.

  • Loan Advances During the Revolving Period, the Borrower may, at its option, request the Revolving Lenders to make advances of funds (each, a “Loan Advance”) by delivering a Funding Notice with respect to such Loan Advance to the Administrative Agent, which shall provide notification to the Revolving Lenders with respect thereto, in an aggregate amount up to the Availability as of the proposed Funding Date of the Loan Advance; provided, however, that no Revolving Lender shall be obligated to make any Loan Advance on or after the date that is two (2) Business Days prior to the earlier to occur of the applicable Revolving Period End Date or the Termination Date. Following the receipt of a Funding Notice during the Revolving Period, subject to the terms and conditions hereinafter set forth, the Revolving Lenders shall fund such Loan Advance.

  • Term Loan Advances Subject to Section 2.3(b), the principal amount outstanding for each Term Loan Advance shall accrue interest at a floating per annum rate equal to one percent (1.0%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.3(d) below.

  • Repayment of the Loans The Companies (a) may prepay the Obligations from time to time in accordance with the terms and provisions of the Notes (and Section 17 hereof if such prepayment is due to a termination of this Agreement); (b) shall repay on the expiration of the Term (i) the then aggregate outstanding principal balance of the Loans together with accrued and unpaid interest, fees and charges and; (ii) all other amounts owed Laurus under this Agreement and the Ancillary Agreements; and (c) subject to Section 2(a)(ii), shall repay on any day on which the then aggregate outstanding principal balance of the Loans are in excess of the Formula Amount at such time, Loans in an amount equal to such excess. Any payments of principal, interest, fees or any other amounts payable hereunder or under any Ancillary Agreement shall be made prior to 12:00 noon (New York time) on the due date thereof in immediately available funds.

  • Repayment of Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Revolving Loans outstanding on such date.

  • Application of Prepayments of Loans to Base Rate Loans and Eurodollar Rate Loans Considering each Class of Loans being prepaid separately, any prepayment thereof shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.18(c).

  • Repayment of Borrowings repay the principal of, or pay interest on or any other sum in connection with any of its Borrowed Money except for Borrowed Money pursuant to the Security Documents;

  • Optional Prepayments of Advances The Borrower may, upon at least two Business Days’ notice, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Repayment of Revolving Credit Advances The Borrower shall repay to the Agent for the ratable account of the Lenders on the Revolver Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding.

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