Accelerated Amortisation Event definition

Accelerated Amortisation Event means any of the following events:
Sample 1Sample 2Sample 3
Accelerated Amortisation Event means, as of any Calculation Date, (i) a Termination Event and/or a Servicer Termination Event has occurred and/or (ii) a Seller/Servicer Warranty Breach that has occurred and has been continuing for more than 30 calendar days after the Seller or, as applicable, the Servicer has become actually aware of, or has received written notification evidencing the breach of, the relevant Seller/Servicer Warranty;
Sample 1
Accelerated Amortisation Event means the occurrence of any of the following events: • a failure by the Issuer to pay interest due in respect of any Class A Notes of any Note Series or, if the Class A Notes of all Note Series have been redeemed in full, a failure by the Issuer to pay interest due in respect of any Class B Notes of any Note Series, which in each case has not been remedied within five (5) Business Days from the relevant Payment Date; or • it is or will become unlawful for the Issuer to perform or comply with any of its material obligations under or in respect of the Notes; or • a failure by the Issuer to redeem, six (6) months prior to the relevant Final Repayment Date, any Class A Notes of any Note Series or, if the Class A Notes of all Note Series have been redeemed in full, of any Class B Notes of any Note Series; or • on any Calculation Date, the Transaction Manager has determined that the aggregate of the sum of: • the Outstanding Principal Balance of the Purchased Receivables (excluding the Non-Compliant Receivables and the Disputed Receivables) under the Performing Credit Card Agreements as of the immediately prior Cut- Off Date to such Calculation Date; plus • the Outstanding Principal Balance of the Purchased Receivables transferred in the context of Initial Transfers on the Monthly Purchase Date preceding such Calculation Date; minus • the Outstanding Principal Balance of any outstanding Purchased Receivables (other than any Non-Compliant Receivables, any Disputed Receivables or any Receivables under Defaulted Credit Card Agreements) repurchased by the Seller on the Repurchase Date preceding such Calculation Date; • the Unapplied Revolving Amount as of the next Payment Date immediately following such Calculation Date (after the application of the Priority of Payments); and • the amounts standing to the credit of the Transaction Account corresponding to Principal Collections as of the next Payment Date immediately following such Calculation Date (after the application of the Priority of Payments), is less than the Principal Amount Outstanding of all Note Series as of the Payment Date immediately following such Calculation Date (taking into account any redemption or issuance of Note Series to be made between on or before the next Payment Date), multiplied by the sum of (i) one (1) and (ii) the Required Seller Share;• the occurrence of a Commingling Event unless it is remedied within five (5) Business Days; or • the occurrence of an Event of Default unless such an E...
Sample 1

Examples of Accelerated Amortisation Event in a sentence

  • The yield to maturity of the Class A Notes will be sensitive to an increase of the level of prepayments, the occurrence of any Revolving Period Termination Event, any Accelerated Amortisation Event or any Issuer Liquidation Event and the Management Company has decided to liquidate the Issuer or in the event of retransfers of Transferred Receivables from the Issuer to the Seller (other than in the context of the liquidation of the Issuer).

  • The yield to maturity of the Class A Notes will be sensitive inter alia to an increase of the level of prepayments, the occurrence of any Revolving Period Termination Event, any Accelerated Amortisation Event or any Issuer Liquidation Event once the Management Company has decided to liquidate the Issuer.

  • The yield to maturity of the Class A Notes and the Class B Notes will be sensitive to an increase of the level of prepayments, the occurrence of any Revolving Period Termination Event, any Accelerated Amortisation Event or any Issuer Liquidation Event and the Management Company has decided to liquidate the Issuer.

  • The Accelerated Amortisation Period shall take effect from (but excluding) the date of occurrence of the Accelerated Amortisation Event or the date on which the Management Company elects to proceeds to the liquidation following a Liquidation Event up to the Monthly Payment Date on which the Notes are repaid in full.

  • On the Payment Date following the occurrence of an Accelerated Amortisation Event, the Management Company shall give the instructions to the Custodian and the Account Bank for the amount standing to the credit of the Reserve Account to be credited to the General Collection Account.

  • Accelerated Amortisation Event shall have the meaning given to that term in clause 12.4 (Accelerated Amortisation Period) of the FCT Regulations.

  • The terms of the Notes provide that, both before and after an Event of Default (which includes the occurrence of an Insolvency Event in relation to the Issuer) and after the delivery of an Enforcement Notice or the occurrence of an Accelerated Amortisation Event, payments will rank in order of priority set out under the heading “Transaction Overview – Post-Enforcement Payment Priorities”.

  • The Noteholders will not have the right to give directions or instructions (except where expressly provided in Condition 7 (Redemption) of the Rated Notes) or to claim against the Management Company in relation to the exercise of their respective rights or to exercise any such rights directly, even following the occurrence of an Accelerated Amortisation Event.

  • Instead, you have to set the time of the start of the simulation with the TimeBegin option in the parameterfile.

  • Before the occurrence of an Accelerated Amortisation Event, the Seller shall be entitled to request the Management Company to transfer back to it (without penalty) any Purchased Receivable which is an Uncollectible Receivables, together with their related Ancillary Rights.


More Definitions of Accelerated Amortisation Event

Accelerated Amortisation Event means any of the following events (after expiry of any applicable grace period):
Sample 1
Accelerated Amortisation Event means, as of any Cut-Off Date, the occurrence of a Seller Termination Event and/or a Servicer Termination Event.
Sample 1

Related to Accelerated Amortisation Event

  • Early Amortization Event means the occurrence of any of the following:

  • Rapid Amortization Event has the meaning given to it in Section 5.16.

  • Potential Amortization Event means any occurrence or event which, with the giving of notice, the passage of time or both, would constitute an Amortization Event.

  • Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.

  • Step Up Event means a failure to meet the Minimum Rating Requirement at any time, unless:

  • Amortization Event has the meaning specified in Article IX.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2023-A Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Amortization Period means, with respect to any Series, or any Class within a Series, a period following the Revolving Period during which principal is distributed to Investor Certificateholders, which shall be the controlled amortization period, the principal amortization period, the rapid amortization period, or other amortization period, in each case as defined with respect to such Series in the related Supplement.

  • Tax Event Repayment Date means the date set out in a notice from the Issuer to the Bondholders pursuant to Clause 10.4 (Early redemption option due to a tax event).

  • Amortisation Yield means the rate per annum (expressed as a percentage) used to calculate the Amortised Nominal Amount of a Zero Coupon Note, in accordance with the provisions of Condition 7.5.1.

  • Managed Amortization Period means the period from the Closing Date to the Rapid Amortization Commencement Date.

  • Acceleration Event means the occurrence of an Event of Default (a) in respect of which Agent has declared all or any portion of the Obligations to be immediately due and payable pursuant to Section 10.2, (b) pursuant to Section 10.1(a), and in respect of which Agent has suspended or terminated the Revolving Loan Commitment pursuant to Section 10.2, and/or (c) pursuant to either Section 10.1(e) and/or Section 10.1(f).

  • Rapid Amortization Period means the Amortization Period commencing on the Pay Out Commencement Date and ending on the earlier to occur of (a) the Series 2001-D Termination Date and (b) the termination of the Trust pursuant to Section 12.01 of the Agreement.

  • Amortization Date means the earliest to occur of (i) the Commitment Termination Date, (ii) the declaration or automatic occurrence of the Amortization Date pursuant to Section 7.03 and (iii) that Business Day which the Borrower designates as the Amortization Date by notice to the Administrative Agent at least five (5) Business Days prior to such Business Day.

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Amortization Amount means, with respect to any Principal Amount Repayment Date, the amount set forth opposite such Date on the Amortization Schedule.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Reduction Event means any of the following:

  • Expected Amortization Schedule means, with respect to any Tranche, the expected amortization schedule related thereto set forth in the Series Supplement.

  • Reference Interest Rate Transition Event means the occurrence of one or more of the following events with respect to the then-current Reference Interest Rate:

  • Liquidity Provider Ratings Event Termination Date means the date established by the Tender and Paying Agent, acting upon instructions of the Fund pursuant to the Tender and Paying Agent Agreement, for termination of the VRDP Purchase Agreement upon the occurrence of a Liquidity Provider Ratings Event, which date shall be not less than 16 days nor more than 30 days following such Liquidity Provider Ratings Event.

  • Debt Repayment Triggering Event means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Unmatured Termination Event means an event that, with the giving of notice or lapse of time, or both, would constitute a Termination Event.

  • Step-Up Date The first Distribution Date following the first Distribution Date on which the aggregate unpaid principal balance of the Mortgage Loans, and properties acquired in respect thereof, remaining in the Trust Fund has been reduced to less than or equal to 10% of the Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.