Discharge Date means the date when the outstanding Obligations (other than unasserted contingent payment obligations that by their nature expressly survive the termination of the Financing Documents) have been paid in full in cash and all Commitments have been terminated.
First Priority Principal Distribution Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the Class A Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes on such Payment Date), over (b) the related Adjusted Pool Balance; provided, however, that (i) the First Priority Principal Distribution Amount on the Class A-1 Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-1 Notes to zero; (ii) the First Priority Principal Distribution Amount on the Class A-2a Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-2a Notes to zero; (iii) the First Priority Principal Distribution Amount on the Class A-2b Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-2b Notes to zero; (iv) the First Priority Principal Distribution Amount on the Class A-3 Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-3 Notes to zero; and (v) the First Priority Principal Distribution Amount on the Class A-4 Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-4 Notes to zero.
Second Priority Principal Distribution Amount means, with respect to any Payment Date, an amount equal to (a) the excess, if any, of (i) the Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes and the Class B Notes on such Payment Date), over (ii) the Adjusted Pool Balance for such Payment Date minus (b) the First Priority Principal Distribution Amount for such Payment Date; provided, however, that the Second Priority Principal Distribution Amount on the Class B Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class B Notes to zero.
Second Priority Principal Distributable Amount With respect to any Distribution Date, an amount, not less than zero, equal to the difference between (i) the excess, if any, of (a) the aggregate outstanding principal balance of the Class A Notes and the Class B Notes as of the preceding Distribution Date (after giving effect to any principal payments made on the Class A Notes and the Class B Notes on such preceding Distribution Date) over (b) the Aggregate Receivables Principal Balance as of the close of business on the last day of the immediately preceding Monthly Period, and (ii) the First Priority Principal Distributable Amount, if any, with respect to such Distribution Date.
First Priority Principal Distributable Amount With respect to any Distribution Date, an amount equal to the excess, if any, of (i) the aggregate outstanding principal balance of the Class A Notes as of the preceding Distribution Date (after giving effect to any principal payments made on the Class A Notes on such preceding Distribution Date) over (ii) the Aggregate Receivables Principal Balance as of the close of business on the last day of the immediately preceding Monthly Period.
Senior Discharge Date means the first date on which all of the Senior Debt (other than contingent indemnification obligations and any Warrant Obligations (as defined in the Senior Loan Agreement)) has been paid indefeasibly in full in cash and all commitments of Senior Lenders under the Senior Loan Documents have been terminated.
Collection Date means the date on which the aggregate outstanding principal amount of the Advances have been repaid in full and all Interest and fees and all other Obligations (other than contingent indemnification and reimbursement obligations which are unknown, unmatured and/or for which no claim giving rise thereto has been asserted) have been paid in full, and the Borrower shall have no further right to request any additional Advances.
Second Priority Principal Payment means, for a Payment Date, the greater of:
First Priority Principal Payment means, for a Payment Date, the greater of:
Aggregate Noteholders’ Priority Principal Distributable Amount With respect to any Distribution Date, the sum of (i) the First Priority Principal Distributable Amount, (ii) the Second Priority Principal Distributable Amount, (iii) the Third Priority Principal Distributable Amount and (iv) the Fourth Priority Principal Distributable Amount, each as of such Distribution Date. Aggregate Principal Balance of Non-Subvented Receivables: As of any date, the present value as of such date of all scheduled monthly payments on all of the Non-Subvented Receivables (other than Liquidating Receivables) held by the Issuing Entity on such date which have not been applied on or prior to such date (determined after taking into account any Warranty Payments and Administrative Purchase Payments in respect of such Receivables), with each Receivable being discounted from the last day of the calendar month in which payments are to become due to such date at the greater of the Discount Rate and the Annual Percentage Rate.
Charge-Offs means, with respect to any Shared-Loss Assets for any period, an amount equal to the aggregate amount of loans or portions of loans classified as “Loss” under the Examination Criteria, including (a) charge-offs of (i) the principal amount of such assets net of unearned interest (including write-downs associated with Other Real Estate, Additional ORE, Subsidiary ORE or loan modification(s)) (ii) Accrued Interest, and (iii) Capitalized Expenditures plus (b) Pre-Charge-Off Expenses incurred on the respective Shared-Loss Loans, all as effected by the Assuming Bank during such period and reflected on the Accounting Records of the Assuming Bank; provided, that: (i) the aggregate amount of Accrued Interest (including any reversals thereof) for the period after Bank Closing that shall be included in determining the amount of Charge-Offs for any Shared-Loss Loan shall not exceed ninety (90) days’ Accrued Interest; (ii) no Charge-Off shall be taken with respect to any anticipated expenditure by the Assuming Bank until such expenditure is actually incurred; (iii) any financial statement adjustments made in connection with the purchase of any Assets pursuant to this Purchase and Assumption Agreement or any future purchase, merger, consolidation or other acquisition of the Assuming Bank shall not constitute “Charge-Offs”; and (iv) except for Portfolio Sales or any other sales or dispositions consented to by the Receiver, losses incurred on the sale or other disposition of Shared-Loss Assets to any Person (other than the sale or other disposition of Other Real Estate, Additional ORE or Subsidiary ORE to a Person other than an Affiliate of the Assuming Bank which is conducted in a commercially reasonable and prudent manner) shall not constitute Charge-Offs.
Priority Principal Distributable Amount means, with respect to any Distribution Date, the excess, if any, of the Note Balance of the Class A Notes as of the day preceding such Distribution Date over the Pool Balance as of the last day of the preceding Collection Period; provided, however, that the Priority Principal Distributable Amount for each Distribution Date on and after the Class Final Distribution Date for any Class of Class A Notes shall equal the greater of (i) the amount otherwise calculated pursuant to this definition and (ii) the outstanding principal balance of the Class A Notes of such Class as of the day preceding such Distribution Date.
priority date means the date of the earlier application that serves as the basis for the right of priority provided for in the Paris Convention;
Note Date Debt Ratio: City: Stat Zip Purpose: Curr Rate: CLTV: Prin Bal: Maturity Lien Pos: 8436364 180 14 $169,600.00 $21,200.00 704 0391438520 3 166 1 $212,000.00 6/26/2003 30 North Bend WA 98045 02 6.000 90 $0,000.00 0/00/2018 2 8425980 180 RFC01 $176,350.00 $22,000.00 $73.15 739 0391445343 1 166 1 $220,475.00 6/27/2003 43 NAPLES FL 34119 01 6.750 90 $00,000.00 0/00/2018 2 8487712 300 RFC01 $228,000.00 $28,500.00 $77.19 756 0391451069 2 287 1 $285,000.00 7/2/2003 47 CYPRESS CA 90630 01 6.250 90 $0,000.00 0/0/0028 2 8465682 300 09 $312,000.00 $58,500.00 $158.44 729 0391443330 2 287 1 $390,000.00 7/3/2003 20 ALBUQUERQUE NM 87111 01 6.750 95 $00,000.00 0/0/0028 2 8404968 300 14 $245,000.00 $50,000.00 787 0391446598 2 287 1 $435,000.00 7/3/2003 45 Camarillo CA 93010 01 5.750 68 $0,000.00 0/0/0028 2 8410076 300 14 $322,700.00 $52,000.00 791 0391452471 2 287 1 $485,000.00 7/7/2003 21 Upland CA 91784 02 5.250 78 $00,000.00 0/0/0028 2 8525068 180 RFC01 $144,200.00 $41,200.00 726 0391463692 3 167 1 $206,000.00 7/7/2003 31 Tucson AZ 85715 01 6.250 90 $00,000.00 0/0/0018 2 8447284 300 04 $190,000.00 $100,000.00 797 0391464740 2 287 1 $310,000.00 7/7/2003 33 Glendora CA 91740 01 6.250 94 $00,000.00 0/0/0028 2 8500502 180 14 $117,000.00 $30,000.00 $81.25 728 0391456894 1 167 1 $195,000.00 7/8/2003 36 LA QUINTA CA 92253 01 5.250 76 $00,000.00 0/0/0018 2 8536780 300 14 $140,000.00 $26,250.00 $131.25 751 0391462595 2 287 1 $175,000.00 7/9/2003 28 CHANDLER AZ 85224 01 6.750 95 $00,000.00 0/0/0028 2 8468352 180 14 $192,000.00 $24,000.00 $177.53 748 0391443454 3 167 1 $240,000.00 7/10/2003 50 NEWCASTLE WA 98056 02 6.250 90 $00,000.00 0/00/2018 2 8510710 180 14 $381,500.00 $100,000.00 $739.69 778 0391456340 3 167 1 $930,000.00 7/10/2003 29 BERKELEY CA 94708 02 5.000 52 $0,000.00 0/00/2018 2 8474232 300 14 $200,000.00 $37,500.00 779 0391464039 2 287 1 $250,000.00 7/11/2003 50 St Cloud FL 34772 01 7.130 95 $00,000.00 0/00/2028 2 8477680 300 15 $206,000.00 $45,000.00 $237.53 751 0391444759 2 287 1 $500,000.00 7/11/2003 44 LOS ANGELES CA 90027 02 5.250 51 $00,000.00 0/00/2028 2 8520818 300 09 $179,453.00 $75,000.00 $187.50 640 0391468287 2 287 1 $300,000.00 7/14/2003 23 LAS VEGAS NV 89117 01 8.000 85 $00,000.00 0/00/2028 2 8528460 180 04 $129,010.00 $16,400.00 770 0391462587 3 167 2 $185,000.00 7/14/2003 28 Big Bear CA 92315 02 5.250 79 $0,000.00 0/00/2018 2 8474340 180 14 $166,000.00 $50,000.00 789 0391473451 3 167 1 $330,000.00 7/15/2003 37 Redmond WA 98052 02 5.250 66 $0,000.00 0/00/2018 2 8495062 300 14 $254,000.00 $50,000.00 $263.92 757 0391450590 2 287 1 $450,000.00 7/15/2003 23 SOUTH SAN CA 94080 02 5.000 68 $00,000.00 0/00/2028 2 8497504 300 09 $178,000.00 $22,250.00 $143.70 785 0391453768 2 287 3 $222,500.00 7/16/2003 41 SCOTTSDALE AZ 85254 01 6.250 90 $0,000.00 0/00/2028 2 8512220 300 14 $322,700.00 $20,000.00 $97.46 738 0391459468 2 287 1 $465,000.00 7/18/2003 31 NOVATO CA 94947 02 5.250 74 $00,000.00 0/00/2028 2 8512224 300 14 $322,700.00 $40,000.00 $100.00 722 0391459435 2 287 1 $810,000.00 7/18/2003 50 ORINDA CA 94563 01 5.750 45 $00,000.00 0/00/2028 2 Page 21 of 331
Third Priority Principal Distributable Amount With respect to any Distribution Date, an amount, not less than zero, equal to the difference between (i) the excess, if any, of (a) the aggregate outstanding principal balance of the Class A Notes, the Class B Notes and the Class C Notes as of the preceding Distribution Date (after giving effect to any principal payments made on the Class A Notes, the Class B Notes and the Class C Notes on such preceding Distribution Date) over (b) the Aggregate Receivables Principal Balance as of the close of business on the last day of the immediately preceding Monthly Period, and (ii) the sum of (a) the First Priority Principal Distributable Amount, if any, with respect to such Distribution Date and (b) the Second Priority Principal Distributable Amount, if any, with respect to such Distribution Date.
Net Charge-Offs means, with respect to any period, an amount equal to the aggregate amount of Charge-Offs for such period less the amount of Recoveries for such period.
Disbursement Date is defined in Section 2.6.2.
Activation Date means the date upon which MLBFS shall cause the WCMA Line of Credit to be fully activated under MLPF&S' computer system as part of the WCMA Program.
Maturity Payment Date means the date falling on the fifth Business Day following the Valuation Date, provided, however, that if the Reference Portfolio Return is not determined on such Valuation Date because the date at which the Reference Asset Return of one or more Reference Assets to be determined is postponed, then the Maturity Payment Date will be the fifth Business Day following the latest of such postponed dates at which the Reference Portfolio Return is determined; in each case where the Maturity Payment Date is so postponed, there will be no interest or other compensation made in respect of any such delay.
Collateral Monthly Principal means the monthly principal distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.07(c).
Trigger Period means the period commencing 60 days prior to the first public announcement by the Company of any Change of Control (or pending Change of Control) and ending 60 days following consummation of such Change of Control (which Trigger Period will be extended following consummation of a Change of Control for so long as either of the Rating Agencies has publicly announced that it is considering a possible ratings change).
Collateral Charge-Offs shall have the meaning specified in subsection 4.06(c).
Charge-Off means, for any period with respect to a particular Shared-Loss Asset, the amount of a loan or portion of a loan classified as “Loss” under the Examination Criteria as effected by the Assuming Institution and reflected on its Accounting Records for such period, consisting solely of a charge-off of the following:
Final Discharge Date means the date on which the Security Trustee notifies the Issuer and the Transaction Creditors that it is satisfied that all the Secured Obligations and/or all other moneys and other liabilities due or owing by the Issuer have been paid or discharged in full.
Class B Investor Charge-Offs shall have the meaning specified in subsection 4.06(b).
Certain Funds Period means the period from and including the date of this Agreement to and including the earlier of: