Auction Rate Distribution Date definition

Auction Rate Distribution Date means a Distribution Date with respect to the Auction Rate Notes.
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Auction Rate Distribution Date shall have the meaning given to such term in Appendix A-1 to the Indenture.
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Auction Rate Distribution Date means, with respect to each Class of the Auction Rate Notes, (a) so long as such Class of the Auction Rate Notes bear interest at an Auction Rate Notes Interest Rate for an Auction Period of not greater than 90 days, the Business Day immediately following the expiration of the Initial Period for such Auction Rate Notes, and each related Auction Period thereafter, commencing as provided in an Issuer Order pursuant to Section 2.03(c) of Appendix A hereto for the Class A-5a Notes if the Class A-5a Notes are reset to bear interest at an Auction Rate pursuant to Section 2.01(f) of Appendix A hereto and commencing on May 28, 2004 for the Class A-5b Notes and May 28, 2004 for the Class A-5c Notes, May 28, 2004 for the Class B-1 Notes and May 28, 2004 for the Class B-2 Notes; and (b) if and for so long as such Class of the Auction Rate Notes bear interest at an Auction Rate Notes Interest Rate for an Auction Period of greater than 90 days, the 25th day of each February, May, August and November and the Business Day immediately following the expiration of the related Auction Period. On any Auction Rate Distribution Date that is a designated calendar date (such as described in clause (b) above), if the designated date is not a Business Day, interest shall be payable on the next succeeding Business Day in the amount accrued to but excluding the designated calendar date and no interest shall accrue on the payment so deferred during the intervening period. On any Auction Rate Distribution Date that is not a designated calendar date (such as described in clause (a) above), interest shall be payable in the amount accrued to but excluding the date on which interest is actually paid.
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Examples of Auction Rate Distribution Date in a sentence

  • The Indenture Trustee shall use the amounts on deposit in those Accounts to redeem the Series 2004-2 Notes on their Quarterly Distribution Date or Auction Rate Distribution Date, as appropriate, and to pay any Issuer Derivative Payments (including all applicable Termination Payments) pursuant to the corresponding Derivative Product.

  • The Class A-5b Notes and the Class A-5c Notes shall be dated as of the Closing Date and shall bear interest from the Closing Date, payable on each corresponding Auction Rate Distribution Date, except that Class A-5b Notes and Class A-5c Notes which are issued upon transfer, exchange or other replacement shall bear interest from the most recent corresponding Auction Rate Distribution Date to which interest has been paid, or if no interest has been paid, from the Closing Date.

  • On any Auction Rate Distribution Date on which the Indenture Trustee pays only a portion of the Auction Rate Notes Carry-over Amount (and any interest accrued thereon) on Auction Rate Notes, the Indenture Trustee shall give written notice in the manner set forth in the immediately preceding paragraph to the Registered Owner of such Auction Rate Note receiving such partial payment of the Auction Rate Notes Carry-over Amount remaining unpaid on such Auction Rate Note.

  • The Class B Notes shall be dated as of the Closing Date and shall bear interest from the Closing Date, payable on each corresponding Auction Rate Distribution Date, except that Class B Notes which are issued upon transfer, exchange or other replacement shall bear interest from the most recent corresponding Auction Rate Distribution Date to which interest has been paid, or if no interest has been paid, from the Closing Date.

  • On any Auction Rate Distribution Date on which the Trustee pays only a portion of the Carry-Over Amount (and any interest accrued thereon) on Auction Rate Notes, the Trustee shall give written notice in the manner set forth in the immediately preceding paragraph to the Registered Owner of such Auction Rate Note receiving such partial payment of the Carry-Over Amount remaining unpaid on such Auction Rate Note.

  • The next Auction Rate Distribution Date is and the Auction Date is .

  • The next Auction Rate Distribution Date is __________________________ and the Auction Date is __________________________.

  • Such Carry-Over Amount shall bear interest calculated at a rate equal to One-Month LIBOR (as determined by the Auction Agent, provided the Trustee has received notice of One-Month LIBOR from the Auction Agent, and if the Trustee shall not have received such notice from the Auction Agent, then as determined by the Trustee) from the Auction Rate Distribution Date for the Interest Accrual Period with respect to which such Carry-Over Amount was calculated, until paid.

  • The Auction Rate Distribution Date or other date on which such Carry-Over Amount (or any interest accrued thereon) for Auction Rate Notes shall be paid shall be determined by the Trustee in accordance with the provisions of the immediately preceding paragraph, and the Trustee shall make payment of the Carry-Over Amount (and any interest accrued thereon) in the same manner as, and from the same Fund from which, it pays interest on such Auction Rate Notes on an Auction Rate Distribution Date.

  • The Indenture Trustee shall use the amounts on deposit in those Accounts to redeem such portion of the Class of the Auction Rate Notes on the applicable Auction Rate Distribution Date and to pay any such Issuer Derivative Payments pursuant to the corresponding Derivative Product.


More Definitions of Auction Rate Distribution Date

Auction Rate Distribution Date means, with respect to each Class of the Auction Rate Notes, (a) so long as such Class of the Auction Rate Notes bear interest at an Auction Rate Notes Interest Rate for an Auction Period of not greater than 90 days, the Business Day immediately following the expiration of the Initial Period for such Auction Rate Notes, and each related Auction Period thereafter, commencing as provided in an Issuer Order pursuant to Section 2.03(c) of Appendix A hereto for the Class A-5a Notes if the Class A-5a Notes are reset to bear interest at an Auction Rate pursuant to Section 2.01(f) of Appendix A hereto and commencing on May 28, 2004 for the Class A-5b Notes and May 28, 2004 for the Class A-5c Notes, May 28, 2004 for the Class B-1 Notes and May 28, 2004 for the Class B-2 Notes; and
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Auction Rate Distribution Date means, for the Auction Rate Notes, the Business Day immediately following the expiration of the Initial Period and each Auction Period thereafter; provided, however, if the duration of such Auction Period exceeds 90 days, then the related Auction Rate Distribution Dates shall occur on (a) each Quarterly Distribution Date occurring during such Auction Period and (b) the first Business Day immediately following the end of such Auction Period.
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Auction Rate Distribution Date means each Payment Date (as defined in Appendix A).
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Related to Auction Rate Distribution Date

  • Periodic Distribution Date means the first Business Day that is as soon as reasonably practicable occurring approximately ninety (90) days after the immediately preceding Periodic Distribution Date.

  • Auction Date means the first Business Day preceding the first day of a Dividend Period.

  • Relevant Distribution Date With respect to (a) any Significant Obligor with respect to the Trust, the Distribution Date, and (b) any Significant Obligor with respect to an Other Securitization Trust, the “Distribution Date” (or an analogous concept) under the related Other Pooling and Servicing Agreement.

  • Semi-Annual Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions--Semi-Annual Distributions" in the Prospectus Part I for a Trust.

  • First Distribution Date Cut-Off Date: May 11, 1998 June 15, 0000 Xxxxxxxxx Initial Scheduled Final Certificate Principal Amount of the Distribution Date: April 2028 Class D Certificates: $98,641,000 CUSIP: 36228C BE2 Initial Certificate Principal Amount of this Certificate: ISIN: US36228CBE21 $[---------------] Common Code: 8750432 This certifies that [ ] is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the Class D Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first liens on commercial properties and held in trust by the Trustee and serviced by the Master Servicer. The Trust Fund was created, and the Mortgage Loans are to be serviced, pursuant to the Pooling Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling Agreement and is bound thereby. Also issued under the Pooling Agreement are the Class X-0, Xxxxx X-0, Class X, Class B, Class C, Class E, Class F, Class G, Class M, Class MX, Class Q, Class LR Certificates (together with the Class D Certificates, the "Certificates"; the Holders of Certificates issued under the Pooling Agreement are collectively referred to herein as "Certificateholders"). This Certificate is issued pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of May 11, 1998 (the "Pooling Agreement"), by and among GS Mortgage Securities Corporation II, as Seller, GMAC Commercial Mortgage Corporation, as Master Servicer and Special Servicer, LaSalle National Bank, as Trustee, and ABN AMRO Bank N.V., as Fiscal Agent. To the extent not defined herein, capitalized terms used herein shall have the meanings assigned thereto in the Pooling Agreement. This Certificate represents a pro rata undivided beneficial interest in a "regular interest" in a "real estate mortgage investment conduit," as those terms are defined, respectively, in Sections 860G(a)(1) and 860D of the Internal Revenue Code of l986, as amended, and certain other assets. The Trustee makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans and has executed this Certificate in its limited capacity as Trustee under the Pooling Agreement. Pursuant to the terms of the Pooling Agreement, the Trustee, or the Paying Agent on behalf of the Trustee, will distribute (other than the final distribution on any Certificate), on the second Business Day following the 11th day of each month, commencing on June 15, 1998 (each such date, a "Distribution Date"), to the Person in whose name this Certificate is registered as of the related Record Date, an amount equal to such Person's pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class D Certificates for such Distribution Date, all as more fully described in the Pooling Agreement. Holders of this Certificate may be entitled to Prepayment Premiums, as provided in the Pooling Agreement.

  • Last Scheduled Distribution Date The Distribution Date in the month immediately following the month of the latest scheduled maturity date for any of the Mortgage Loans.

  • Class A-4 Final Distribution Date means the April 2027 Distribution Date.

  • Monthly Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions" in the Prospectus Part I for a Trust.

  • Interim Distribution Date means the date as soon as reasonably practicable after the Plan Implementation Date;

  • Interest Rate Determination Date means, with respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period.

  • Class A-2 Final Distribution Date has the meaning set forth in the Sale and Servicing Agreement.

  • Scheduled Final Distribution Date No.: M-1 June 10, 2016 This certifies that Cede & Co. is the registered owner of a beneficial ownership interest in a Trust Fund, including the distributions to be made with respect to the Class M Certificates. The Trust Fund, described more fully below, consists primarily of a pool of Mortgage Loans secured by first liens on commercial, multifamily and manufactured housing properties and held in trust by the Trustee and serviced by the Master Servicer. The Trust Fund was created, and the Mortgage Loans are to be serviced, pursuant to the Pooling and Servicing Agreement (as defined below). The Holder of this Certificate, by virtue of the acceptance hereof, assents to the terms, provisions and conditions of the Pooling and Servicing Agreement and is bound thereby. Also issued under the Pooling and Servicing Agreement are the Class A-1, Class A-2, Class A-3, Class A-AB, Class A-4, Class A-1A, Class X, Class A-M, Xxxxx X-X, Xlass B, Class C, Class D, Class E, Class F, Class G, Class H, Class J, Class K, Class L, Class N, Class O, Class P, Class S, Class R and Class LR Certificates (together with the Class M Certificates, the "Certificates"; the Holders of Certificates issued under the Pooling and Servicing Agreement are collectively referred to herein as "Certificateholders"). This Certificate is issued pursuant to, and in accordance with, the terms of a Pooling and Servicing Agreement dated as of June 1, 2006 (the "Pooling and Servicing Agreement"), by and among the Depositor, Midland Loan Services, Inc., as the master servicer with respect to all of the Mortgage Loans other than the Desert Passage Loan (the "Master Servicer"), CWCapital Asset Management LLC, as special servicer with respect to all of the Mortgage Loans other than the Desert Passage Loan (the "Special Servicer") and Wells Fargo Bank, N.A. as Trustee and Paying Agent. To the extent not xxxxned herein, capitalized terms used herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement. The Trustee makes no representation or warranty as to any of the statements contained herein or the validity or sufficiency of the Certificates or the Mortgage Loans and has executed this Certificate in its limited capacity as Trustee under the Pooling and Servicing Agreement. Pursuant to the terms of the Pooling and Servicing Agreement, the Trustee, or the Paying Agent on behalf of the Trustee, will distribute (other than the final distribution on any Certificate), on the tenth day of each month, or if such day is not a Business Day, the Business Day immediately following such day, commencing in July 2006 (each such date, a "Distribution Date") an amount equal to such Person's pro rata share (based on the Percentage Interest represented by this Certificate) of that portion of the aggregate amount of principal and interest then distributable, if any, allocable to the Class M Certificates for such Distribution Date, all as more fully described in the Pooling and Servicing Agreement. Holders of this Certificate may be entitled to Prepayment Premiums and Yield Maintenance Charges as provided in the Pooling and Servicing Agreement. During each Interest Accrual Period (as defined below), interest on the Class M Certificates will be calculated based on a 360-day year consisting of twelve 30-day months on the outstanding Certificate Balance hereof.

  • Class A-1 Final Distribution Date means the October 2024 Distribution Date.

  • Distribution Determination Date means, in respect of any Distribution Period, that number of business days prior thereto as is set out in the applicable Pricing Supplement or on the face of the relevant Perpetual Security;

  • SOFR Interest Determination Date means the day that is the number of U.S. Government Securities Business Days prior to the Interest Payment Date in respect of the relevant Interest Period, as specified in the applicable Pricing Supplement.In addition to defining the relevant Interest Periods and Interest Payment Dates, the applicable Pricing Supplement shall specify and describe, as applicable, any relevant interest commencement date, interest period end date, interest determination date, index maturity, rate cut-off date, any other terms relating to the particular method of calculating interest on the Compound SOFR Note (including any applicable payment delay, lockout or suspension period, lookback or observation shift) and any other terms applicable specifically to such Compound SOFR Note.Average SOFR NotesUnless otherwise provided for or modified in the applicable Pricing Supplement, Average SOFR Notes will bear interest at a rate per annum equal to Average SOFR (as defined below) plus the Spread.With respect to any Interest Period, unless otherwise specified or modified in the applicable Pricing Supplement, “Average SOFR” will be calculated by the Calculation Agent on each SOFR Interest Determination Date (as defined below) as follows (with the resulting percentage being rounded, if necessary, to the nearest one hundred-thousandth of a percentage point, with 0.000005 being rounded upwards to 0.00001): 0 Where:

  • Class Final Distribution Date means, as applicable, the Class A-1 Final Distribution Date, the Class A-2a Final Distribution Date, the Class A-2b Final Distribution Date, the Class A-3 Final Distribution Date, the Class A-4 Final Distribution Date, the Class B Final Distribution Date, the Class C Final Distribution Date or the Class D Final Distribution Date, as the context requires.

  • Final Distribution Date The Distribution Date on which the final distribution in respect of the Certificates is made pursuant to Section 9.01.

  • Initial Distribution Date means the date occurring as soon as reasonably practicable after the Effective Date when distributions under the Plan shall commence.

  • Regular Distribution Date Replacement Liquidity Facility", "Responsible Officer", "Scheduled Payment", "Special Payment", "S&P", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreement", "Trustee", "Underwriters", "Underwriting Agreement", "United States" and "Written Notice".

  • Class B Final Distribution Date means the August 16, 2021 Distribution Date.

  • Current Distribution Date means a Distribution Date specified as a reference date for calculating the Expected Distributions with respect to the Certificates of any Trust as of such Distribution Date.

  • Auction Rate means the rate of interest per annum that results from implementation of the Auction Procedures and is determined as described in Section 2.5.1(c)(ii) hereof.

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • Class A-3 Final Distribution Date means the July 2029 Distribution Date.

  • Class C Final Distribution Date means the October 15, 2021 Distribution Date.

  • Reset Interest Determination Date means, in respect of any Reset Period, the day falling two Business Days prior to the beginning of the relevant Reset Period;