Examples of Certificate Final Scheduled Distribution Date in a sentence
The appointment of Onyx as custodian shall become effective as of the Closing Date and shall continue in full force and effect until the earlier of (i) the execution of the Appointment of Custodian or (ii) the Certificate Final Scheduled Distribution Date.
No Receivable has a final scheduled payment date later than six months prior to the Certificate Final Scheduled Distribution Date.
Notwithstanding the foregoing, the Certificate Principal Distributable Amount on the Certificate Final Scheduled Distribution Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Certificates to zero.
In the event that on the Certificate Final Scheduled Distribution Date the Available Amount, including the Available Reserve Amount, remaining for payment of the principal of this Certificate is insufficient to pay the Certificate Balance, such shortfall will be paid by the Insurer pursuant to the Certificate Insurance Policy.
The actual date on which the outstanding Certificate Balance is paid is expected to occur earlier, and could occur significantly earlier, than the Certificate Final Scheduled Distribution Date, depending on a variety of factors.