Amortization Period Commencement Date definition

Amortization Period Commencement Date means the earliest of the first day of the Accumulation Period and the Pay Out Commencement Date.

Amortization Period Commencement Date means with respect to any Series, the date on which the Amortization Period commences with respect thereto as set forth in the related Supplement.

Amortization Period Commencement Date means the earlier of (i) the Accumulation Date, or such later date as may be specified by the Servicer in accor dance with Section 4.16 of the Agreement, and (ii) the Pay Out Commencement Date.

Examples of Amortization Period Commencement Date in a sentence

• The Transferor shall state in the Extension Notice that it intends to extend the Revolving Period until the later Amortization Period Commencement Date set forth in the Extension Notice.

• The Servicer shall deliver notice of such election to the Indenture Trustee and the Owner Trustee, which notice shall specify the effective date of the termination of the automatic extension of the Amortization Period Commencement Date.

• The Class A Notes are subject to optional redemption in accordance with the Indenture by the Issuer on any Payment Date on or after the Scheduled Amortization Period Commencement Date (as defined in the Series 2015 Supplement).

• From and after the Amortization Period Commencement Date, the Class B Certificates will not have the right to receive payments of principal until the Class A Invested Amount has been paid in full, and the Class C Certificates will not have the right to receive payments of principal until the Class A Invested Amount and the Class B Invested Amount have been paid in full.

• Accrued interest only on the amount advanced shall be paid on the fifteenth day of the month following the date of advance ("Amortization Period Commencement Date").

More Definitions of Amortization Period Commencement Date

Amortization Period Commencement Date means the earlier of the Accumulation Date, or such later date as may be specified by the Servicer in accordance with Section 4.12, and the Early Amortization Commencement Date.

Amortization Period Commencement Date means the Partial Amortization Period Commencement Date or the Standard Amortization Commencement Date, as applicable.

Amortization Period Commencement Date means, initially, with respect to the Investor Certificates, the earlier of the first day of the February 2000 Monthly Period and the Pay Out Commencement Date, and, with respect to an Extension, the earlier of the date specified as such in the Extension Notice and the Pay Out Commencement Date.

Amortization Period Commencement Date means the first day of the Due Period occurring after the Purchase Expiration Date then in effect.

Amortization Period Commencement Date means the earlier of (i) the Early Amortization Commencement Date, or (ii) the Schedule Amortization Commencement Dates.

Amortization Period Commencement Date means April 1, 2001. Borrower shall have the right, upon thirty (30) days advance written notice, beginning on April 1, 2002 of making a partial prepayment (a "Partial Prepayment") or a full prepayment (a "Full Prepayment") of this Note with a prepayment fee. A Partial Prepayment may only be made in connection with a Partial Release (as hereinafter defined). The prepayment fee represents consideration to Lender for loss of yield and reinvestment costs and shall also be payable whenever prepayment occurs as a result of a condemnation or sale under threat of condemnation of all or substantially all of the Property. In the event of a Full Prepayment, the fee shall be the greater of Yield Maintenance or 1% of the outstanding principal balance of this Note. In the event of a Partial Prepayment, the fee shall be equal to the product of (i) a fraction, the numerator of which is the amount of principal being prepaid and the denominator of which is the outstanding principal balance of this Note immediately prior to such prepayment, and (ii) the prepayment fee that would be payable if there were a Full Prepayment at such time.

Amortization Period Commencement Date means, initially, March 1, ------------------------------------- 2002; provided, however, that on the date that is one month prior to the -------- ------- Amortization Period Commencement Date then in effect, the Amortization Period Commencement Date will successively and automatically be extended by one month unless the Servicer elects to terminate such automatic extension by delivering a written notice to the Owner Trustee and the Indenture Trustee prior to the date on which the Amortization Period Commencement Date then in effect would be extended, terminating the automatic extension.