Series 2018-1 Anticipated Repayment Sample Clauses
The 'Series 2018-1 Anticipated Repayment' clause defines the expected schedule and terms for repaying obligations associated with the Series 2018-1 issuance. It typically outlines the anticipated repayment dates, the amounts due, and any conditions or procedures for early or scheduled repayment of principal and interest. This clause ensures that all parties are aware of the repayment timeline and obligations, thereby providing predictability and reducing the risk of misunderstandings regarding payment expectations.
Series 2018-1 Anticipated Repayment. The Series 2018-1 Final Payment is anticipated to occur on the Quarterly Payment Date occurring in April 2025 (such date, the “Series 2018-1 Anticipated Repayment Date”).
Series 2018-1 Anticipated Repayment. The “Series 2018-1 Anticipated Repayment Date” means, (i) with respect to the Series 2018-1 Class A-1 Notes, the Quarterly Payment Date occurring in March 2025 (the “Series 2018-1 Class A-1 Anticipated Repayment Date”) and (ii) with respect to the Series 2018-1 Class A-2 Notes, the Quarterly Payment Date occurring in March 2028 (the “Series 2018-1 Class A-2 Anticipated Repayment Date”). The failure to pay or refinance the Series 2018-1 Class A-1 Outstanding Principal Amount or Series 2018-1 Class A-2 Outstanding Principal Amount in full by the relevant Tranche’s Series 2018-1 Anticipated Repayment Date will not be an Event of Default but will be a Rapid Amortization Event.