ACCELERATED PRINCIPAL COMMENCEMENT DATE definition

ACCELERATED PRINCIPAL COMMENCEMENT DATE means the first Distribution Date on which (i) the Pool Balance as of such Distribution Date is equal to or less than 15% of the Original Pool Balance and (ii) the amount of cash on deposit in the Spread Account together with the other components of the Spread Account is equal to or greater than the Spread Account Maximum (after giving effect to the distribution pursuant to Section 4.03(viii) of this Agreement on such Distribution Date).
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ACCELERATED PRINCIPAL COMMENCEMENT DATE means the first Distribution Date on which (i) the aggregate principal balance of the Contracts (the "POOL BALANCE") as of such Distribution Date is equal to or less than 15% of the Original Pool Balance, and (ii) the amount on deposit in the Spread Account is equal to or greater than the Spread Account Maximum (after giving effect to any deposit thereto on such Distribution Date).
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ACCELERATED PRINCIPAL COMMENCEMENT DATE means the first Distribution Date on which the amount on deposit in the Spread Account is equal to or greater than the Spread Account Maximum (after giving effect to the distribution pursuant to Section 4.03(a)(x) of this Agreement on such Distribution Date).
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Examples of ACCELERATED PRINCIPAL COMMENCEMENT DATE in a sentence

  • The "ACCELERATED PRINCIPAL COMMENCEMENT DATE" means the first Distribution Date on which (i) the aggregate principal balance of the Contracts (the "POOL BALANCE") as of such Distribution Date is equal to or less than 15% of the Original Pool Balance, and (ii) the amount on deposit in the Spread Account is equal to or greater than the Spread Account Maximum (after giving effect to any deposit thereto on such Distribution Date).


More Definitions of ACCELERATED PRINCIPAL COMMENCEMENT DATE

ACCELERATED PRINCIPAL COMMENCEMENT DATE means the first Distribution Date on which (i) the Pool Balance on such Distribution Date is equal to or less than 15% of the Original Pool Balance, and (ii) the Spread Account Maximum (after giving effect to the distribution pursuant to clause (x) above on such Distribution Date) has been reached.
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ACCELERATED PRINCIPAL COMMENCEMENT DATE means the first distribution date on which:
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ACCELERATED PRINCIPAL COMMENCEMENT DATE means the first Distribution Date on which: (i) the aggregate outstanding Principal Balance of the Receivables as of the end of the related Monthly Period is equal to or less than 20% of the Original Pool Balance; and (ii) the Spread Account Required Maximum Amount, after giving effect to any distribution from the Collection Account to the Spread Account on that Distribution Date, has been reached.
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ACCELERATED PRINCIPAL COMMENCEMENT DATE means the first Quarterly Payment Date on or after which any of the following events have occurred:
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Related to ACCELERATED PRINCIPAL COMMENCEMENT DATE

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • Accumulation Commencement Date means January 1, 2021, or such later date as the Calculation Agent on behalf of the Issuer determines in accordance with Section 2.11 hereof.

  • Interest Commencement Date means the Issue Date or such other date as may be specified in the relevant Final Terms.

  • Scheduled Principal Payment Date means, with respect to any Series, Class or Tranche of Notes, the scheduled due date of any payment of principal on such Notes, as specified in the related Indenture Supplement, or if such day is not a Business Day, the next following Business Day, unless such day is in the next calendar month, in which case such Scheduled Principal Payment Date, unless otherwise specified in the related Indenture Supplement, will be the last Business Day of the current calendar month.

  • Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;

  • Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.

  • 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.

  • Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.

  • Loan Commencement Date means, with respect to each Growth Capital Loan: (a) the first day of the first full calendar month following the Borrowing Date of such Loan if such Borrowing Date is not the first day of a month; or (b) the same day as the Borrowing Date if the Borrowing Date is the first day of a month.

  • Scheduled Principal Payment Amount means, for the Notes of any Series or Class, as applicable, on any Payment Date, the excess, if any, of (x) the then Outstanding Principal Balance of such Series or Class of Notes, as applicable, over (y) the Scheduled Targeted Principal Balance of such Series or Class, as applicable, for such Payment Date.

  • Expected Principal Payment Date means March 15, 2022.

  • Issuer Call Commencement Date means the first Business Day following the three year period from and including the Issue Date;

  • Accelerated Principal Amount for a Distribution Date will equal the lesser of

  • Scheduled Principal Payment means the scheduled payment of principal due on the Mortgage Loan on a Monthly Payment Date.

  • Principal Payment Dates means, unless otherwise determined by the Fiscal Officer and specified in the Certificate of Award, December 1 in each of the years from and including 2021 to and including 2022.

  • Applicable Unscheduled Principal Receipt Period With respect to the Mortgage Loans serviced by each Servicer and each of Full Unscheduled Principal Receipts and Partial Unscheduled Principal Receipts, the Unscheduled Principal Receipt Period specified on Schedule I hereto, as amended from time to time by the Master Servicer pursuant to Section 10.01(b) hereof.

  • Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.

  • Scheduled Principal Distribution Amount With respect to each Distribution Date, an amount equal to the aggregate of the principal portions of:

  • Accumulation Period has the meaning set forth in the Indenture Supplement.

  • Vesting Commencement Date means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.

  • Monthly Total Principal Allocation means for any Related Month the sum of all Series 2015-3 Principal Allocations with respect to such Related Month.

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

  • Annuity Commencement Date is the first day of the month an annuity begins under this contract. This date may not be later than the date a Participant's periodic benefits are required to commence under the Code.

  • Unscheduled Principal Distribution Amount With respect to any Distribution Date, an amount equal to the aggregate of: (a) all Principal Prepayments received on the Mortgage Loans during the related Collection Period (or, in the case of the Outside Serviced Mortgage Loans, all Principal Prepayments received during the period that renders them includable in the Aggregate Available Funds for such Distribution Date); and (b) any other collections (exclusive of payments by Mortgagors) received on the Mortgage Loans and, to the extent of the Trust’s interest therein, any REO Properties during the related Collection Period (or, in the case of an Outside Serviced Mortgage Loan or any interest in REO Property acquired with respect thereto, all such proceeds received during the period that renders them includable in the Aggregate Available Funds for such Distribution Date), whether in the form of Liquidation Proceeds, Insurance Proceeds, Condemnation proceeds, net income, rents, and REO Proceeds or otherwise, that were identified and applied by the Master Servicer (and/or, in the case of an Outside Serviced Mortgage Loan, the related Outside Servicer) as recoveries of previously unadvanced principal of the related Mortgage Loan.

  • Installment Date as defined in Section 2.12.

  • 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.