Examples of Amortisation Period in a sentence
On each Interest Payment Date which thereafter occurs during the Rapid Amortisation Period, such Class of Notes will be redeemed pro rata to the extent of the principal amount which is deposited to the Series Distribution Account on such date in reduction of the corresponding Class of Investor Interest as specified in the Applicable Supplement until the earlier of (a) such time as the relevant Class of Notes has been repaid in full and (b) the Series Termination Date specified in the Applicable Supplement.
In the event that any of the Class A Notes or the Class B Notes is affected by any interest shortfall in accordance with the relevant Priority of Payments during more than five Business Days, such amount will not bear interest and the Issuer shall, only to the extent that the Most Senior Class of Notes is affected, enter into the Accelerated Amortisation Period.
The repayment of the Complementary Deposit shall be carried out in accordance with the terms and conditions set forth in the Master Complementary Deposit Agreement and Article 16 (Order of Priority during the Amortisation Period) hereunder.
The repayment of the Subordinated Deposit shall be carried out in accordance with the terms and conditions set forth in the Master Subordinated Deposit Agreement and Article 16 (Order of Priority during the Amortisation Period).
Following receipt of a Purchase Termination Notice, the Issuer shall refrain from purchasing any further Subsequent Portfolios and the Amortisation Period will start.