ARD Period definition

ARD Period means, with respect to any Series of Notes, the period commencing on the Anticipated Repayment Date for such Series (if the Notes of such Series have not been paid in full on or prior to such Anticipated Repayment Date) and ending on the Payment Date on which such Notes are paid in full.
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Examples of ARD Period in a sentence

  • On each Payment Date prior to the Anticipated Repayment Date for a Series, so long as neither an Amortization Period nor an ARD Period is then in effect and no Event of Default has occurred and is continuing, funds in the Collection Account in amount equal to the lesser of the Monthly Amortization Amount for such Payment Date and the amount of funds available for such purpose as provided below under Section 5.01(b)(iii) and (b)(v) will be applied to repay the principal amount of such Series of Notes.

  • Prior to an Amortization Period, an ARD Period or the acceleration of the maturity of the Notes occurring following the occurrence and continuation of an Event of Default, if such Cash Trap Condition ceases to exist, any funds then on deposit in the Cash Trap Reserve Account shall be released to the Co-Issuers.

  • Post-ARD Additional Interest accrued for any Note shall not be payable until the aggregate Class Principal Balance of (x) all Notes with respect to which an ARD Period has commenced and is continuing and (y) all Variable Funding Notes of any Series has been reduced to zero.

  • Post-ARD Additional Interest accrued for any Note shall not be payable until the aggregate Note Principal Balance of (x) all Notes with respect to which an ARD Period has commenced and is continuing and (y) all Variable Funding Notes of any Series has been reduced to zero.

  • For the avoidance of doubt, no Prepayment Consideration shall be payable with respect to (i) prepayments made from Excess Cash Flow during an Amortization Period or ARD Period or (ii) payments based upon any Monthly Amortization Amount.

  • During an Amortization Period or ARD Period or after and during the continuance of an Event of Default, all Excess Cash Flow shall be applied as set forth in Section 5.01(b).

  • If the Notes of any Series are not paid in full on or prior to the Anticipated Repayment Date of such Series, an ARD Period will commence with respect to such Series.

  • Prior to the Anticipated Repayment Date for a Series, unless an Amortization Period or ARD Period commences, after and during the continuance of an Event of Default or as otherwise provided in Section 7.06, no other principal shall be required to be paid with respect to such Series, except as provided in Section 2.09.

  • Commencing on the first Payment Date to occur on or after the commencement of an Amortization Period or ARD Period with respect to a Series of Notes or on or after the occurrence and during the continuance of an Event of Default, all Excess Cash Flow will be deposited in the Debt Service Sub-Account and applied to repay amounts due in respect of principal on the Notes or the Notes of such Series, as applicable, as provided pursuant to Section 5.01(b).

  • Before and immediately after giving effect to the issue and sale of the Notes by the Issuer (and the application of the proceeds thereof in the manner contemplated by this Agreement and the other Transaction Documents) on the Closing Date, no Default, Event of Default, Amortization Period, Cash Trap Condition, Cash Sweep Condition, ARD Period or Manager Termination Event shall have occurred and be continuing or be in effect, as applicable.

Related to ARD Period

  • Award Period means the period beginning on an Award Date and ending on the expiration date of such Award.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7 a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Specified Period means the period beginning on the commencement date and terminating in accordance with section 72(6) of the Act;

  • Hire Period means the period commencing when the Customer holds the Hire Goods on hire (including Saturdays Sundays and Bank Holidays) and ending upon the happening of any of the following events:

  • Bonus Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Extended Period As defined in Section 9.04(b).

  • Strike Period means from and including 15 August 2024 to and including 19 August 2024

  • Coupon Period means the period commencing on (and including) the Issue Date and ending on (but excluding) the first Coupon Payment Date and each successive period commencing on (and including) a Coupon Payment Date and ending on (but excluding) the next succeeding Coupon Payment Date;

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.

  • Billing cycle or billing period means the period for which regular electricity bills as specified by the Commission, are prepared for different categories of consumers by the licensee;

  • Fixed Period means the period for which a listed issuer must retain a Compliance Adviser under rule 3A.19;

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.

  • Waiting Period shall have the meaning set forth in Section 2.2.

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • Service Period has the meaning given to it in Framework Schedule 4 (Template Order Form and Template Call Off Terms) as refined by a Contracting Body in a Call Off Agreement between that Contracting Body and the Supplier;

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and

  • Period shall have the meaning ascribed to it in Schedule 8;

  • Retention Period means the time period that the Customer Data is stored within the cloud storage, as specified in the product addenda.

  • Closed Period means (i) ten quotation days preceding and three quotation days following the disclosure to the public of the consolidated financial statements or annual statement of the Company; or (ii) the period as from the date the corporate management possesses material information which could, if disclosed to the public, significantly impact the quotation of the Shares of the Company, until ten quotation days after the day such information is disclosed to the public.

  • Auction Period means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

  • prescribed period means 14 days;

  • Performance Cycle means one or more periods of time, which may be of varying and overlapping durations, as the Administrator may select, over which the attainment of one or more Performance Criteria will be measured for the purpose of determining a grantee’s right to and the payment of a Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award, the vesting and/or payment of which is subject to the attainment of one or more Performance Goals. Each such period shall not be less than 12 months.

  • Program Period means the period of time which the department intends to support the program without requiring the recompetition for funds. The program period is specified within the grant application.