Notes Scheduled Principal Payment Amounts Sample Clauses

Notes Scheduled Principal Payment Amounts. Series 2021-1 Class A-2 Notes Scheduled Principal Payment Amounts will be due and payable with respect to each Tranche of Series 2021-1 Class A-2 Notes in accordance with the definition thereof on any applicable Quarterly Payment Date, commencing on the Quarterly Payment Date occurring in February 2022 and prior to the Series 2021-1 Anticipated Repayment Date, as and when amounts are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments, subject to the terms set forth in the Base Indenture; and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so available, and failure to pay any Series 2021-1 Class A-2 Notes Scheduled Principal Payment Amounts with respect to such Tranche of the Series 2021-1 Class A-2 Notes in excess of available amounts in accordance with the foregoing will not be an Event of Default; provided, that Series 2021-1 Class A-2 Notes Scheduled Principal Payment Amounts with respect to such Tranche of Series 2021-1 Class A-2 Notes shall be due and payable on a Quarterly Payment Date only if the Series 2021-1 Non-Amortization Test is not satisfied with respect to such Quarterly Payment Date; provided, further, that to the extent the Series 2021-1 Non-Amortization Test is satisfied for such Quarterly Payment Date, the Issuer may, solely at its election upon written notice to each of the Trustee and the Servicer on or prior to the third Business Day prior to such Quarterly Payment Date, prior to the Series 2021-1 Anticipated Repayment Date, make a Series 2021-1 Class A-2 Optional Scheduled Principal Payment with respect to such Tranche of Series 2021-1 Class A-2 Notes without requiring a Series 2021-1 Class A-2 Optional Scheduled Principal Payment with respect to each Tranche of the Series 2021-1 Class A-2 Notes on a pro rata basis.
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Notes Scheduled Principal Payment Amounts. Series 2023-1 Class A-1 Notes Scheduled Principal Payment Amounts will be due and payable on each applicable Quarterly Payment Date in accordance with Section 5.11 of the Base Indenture.

Related to Notes Scheduled Principal Payment Amounts

  • Payment Amounts The aggregate Payments to be made in any fiscal year shall not exceed an amount that is equal to the corresponding Appropriated Amount. (For example, for the Payments due on December 1, 2022 and on June 1, 2023, the aggregate maximum amount of such Payments would be determined by the Appropriated Amount determined for certification by December 1, 2021.) Furthermore, the amount of each such Payment shall not exceed the amount of Incremental Property Tax Revenues (excluding allocations of “back-fill” or “make-up” (payments from the State of Iowa for property tax credits or roll-back) actually received by the City from the Dubuque County Treasurer attributable to the taxable incremental valuation of the Property in the six (6) months immediately preceding the extant Payment due date.

  • Scheduled Payments No Receivable has a final scheduled payment date later than six months preceding the Final Scheduled Maturity Date.

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