Class A-1 Event definition

Class A-1 Event shall have occurred if any Class A-1 Notes are outstanding on the June 1998 Distribution Date (after giving effect to any payments made on such date).
Sample 1
Class A-1 Event shall have occurred if any Class A-1 Notes are outstanding on the April 15, 2011 Distribution Date (after giving effect to any payments made on such date).
Sample 1
Class A-1 Event shall have occurred if any Class A-1 Notes are outstanding on the __________ Distribution Date (after giving effect to any payments made on such date).
Sample 1

Examples of Class A-1 Event in a sentence

  • If the Class A-1 Event has occurred, the calculations hereunder for the January 1998 Distribution Dates with respect to the Total Distribution Amount, the Noteholders' Distributable Amount, the Certificateholders' Distributable Amount, the Specified Reserve Account Balance and the Reserve Account Transfer Amount, and the respective components thereof, shall be calculated as if there were a single January 1998 Distribution Date.

  • If the Class A-1 Event has occurred, the calculations hereunder for the April 1998 Distribution Dates with respect to the Total Distribution Amount, the Noteholders' Distributable Amount, the Certificateholders' Distributable Amount, the Specified Reserve Account Balance and the Reserve Account Transfer Amount, and the respective components thereof, shall be calculated as if there were a single April 1998 Distribution Date.

  • If the Class A-1 Event has occurred, the calculations hereunder for the May 1999 Distribution Dates with respect to the Total Distribution Amount, the Noteholders' Distributable Amount, the Certificateholders' Distributable Amount, the Specified Reserve Account Balance and the Reserve Account Transfer Amount, and the respective components thereof, shall be calculated as if there were a single May 1999 Distribution Date.

  • If the Class A-1 Event has occurred, the calculations hereunder for the __________ Distribution Dates with respect to the Total Distribution Amount, the [Class A] Noteholders' Distributable Amount, [Class B Noteholders' Distributable Amount,] [the Certificateholders' Distributable Amount,] the Specified Reserve Account Balance and the Reserve Account Transfer Amount, and the respective components thereof, shall be calculated as if there were a single __________ Distribution Date.

  • If the Class A-1 Event has occurred, the calculations hereunder for the July 1999 Distribution Dates with respect to the Total Distribution Amount, the Noteholders' Distributable Amount, the Certificateholders' Distributable Amount, the Specified Reserve Account Balance and the Reserve Account Transfer Amount, and the respective components thereof, shall be calculated as if there were a single July 1999 Distribution Date.

  • If the Class A-1 Event has occurred, the calculations hereunder for the July 1998 Distribution Dates with respect to the Total Distribution Amount, the Noteholders' Distributable Amount, the Certificateholders' Distributable Amount, the Specified Reserve Account Balance and the Reserve Account Transfer Amount, and the respective components thereof, shall be calculated as if there were a single July 1998 Distribution Date.

  • If the Class A-1 Event has occurred, the calculations hereunder for the March 1999 Distribution Dates with respect to the Total Distribution Amount, the Noteholders' Distributable Amount, the Certificateholders' Distributable Amount, the Specified Reserve Account Balance and the Reserve Account Transfer Amount, and the respective components thereof, shall be calculated as if there were a single March 1999 Distribution Date.

  • Notwithstanding the foregoing, if the Class A-1 Event has occurred, the Servicer shall deliver the Investor Report for the April 2011 Collection Period and the May 2011 Distribution Dates to the Depositor, the Seller and the Trustees no later than May 10, 2011 and shall identify for the Trustees the Receivables to be repurchased by the Seller or purchased by the Servicer, as the case may be, no later than May 10, 2011.

Related to Class A-1 Event

  • Class A-1 Rate means 5.604% per annum (computed on the basis of the actual number of days elapsed during the relevant Interest Period and a 360‑day year).

  • Class A-2 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date and on which a Trigger Event is not in effect, the excess of (x) the sum of the Certificate Principal Balances of the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 58.00% and (ii) the aggregate Stated Principal Balance of the Group II Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced and unscheduled collections of principal received during the related Prepayment Period) and (B) the aggregate Stated Principal Balance of the Group II Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced and unscheduled collections of principal received during the related Prepayment Period) minus the product of (i) 0.50% and (ii) the aggregate principal balance of the Group II Mortgage Loans as of the Cut-off Date.

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

  • Class A-1 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date and on which a Trigger Event is not in effect, the excess of (x) the Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 55.50% and (ii) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced and unscheduled collections of principal received during the related Prepayment Period) and (B) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced and unscheduled collections of principal received during the related Prepayment Period) minus the product of (i) 0.50% and (ii) the aggregate principal balance of the Group I Mortgage Loans as of the Cut-off Date.

  • Class A-3 Final Distribution Date means the November 15, 2019 Distribution Date.

  • Class A-1 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, the product of (A) the actual number of days elapsed during the period from and including the preceding Distribution Date to but excluding such Distribution Date divided by 360, (B) the Class A-1 Rate and (C) the outstanding principal balance of the Class A-1 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-1 Notes on or before such preceding Distribution Date).

  • Class A-1 Final Distribution Date has the meaning set forth in the Sale and Servicing Agreement.

  • Class A-2 Monthly Interest means (i) for the initial Distribution Date, $321,750.00, and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-2 Rate and (B) the outstanding principal balance of the Class A-2 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-2 Notes on or before such preceding Distribution Date).

  • Class A-1 Note means any of 5.604% Asset Backed Notes, Class A‑1, issued under the Indenture substantially in the form attached thereto as Exhibit A-1.

  • Class A-P Principal Distribution Amount As defined in Section 4.02.

  • Class A-1 Note Balance means, at any time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes.

  • Class A-4 Final Distribution Date means the July 15, 2020 Distribution Date.

  • Class A Non-PO Principal Distribution Amount As to any Distribution Date, the aggregate amount distributed in respect of the Class A Certificates pursuant to Paragraph third clause (A) of Section 4.01(a).

  • Initial Class A-1 Note Balance means $265,000,000.

  • Class A Deficiency Amount is defined in Section 4.1(a).

  • Class A Principal Distributable Amount means, for any Distribution Date: (A) during the Revolving Period, zero; and (B) during the Amortization Period, an amount equal to the lesser of: (i) Available Funds remaining after payment of the amounts set forth in clauses (i) through (iv) of Section 5.08(a) hereto and (ii) the Class A Note Balance; provided, however, on the Class A Stated Final Maturity Date, the Class A Principal Distributable Amount will equal the Class A Note Balance.

  • Class A Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the aggregate Class Certificate Balances of the Class A Certificates immediately prior to such Distribution Date over (ii) the lesser of (A) 54.50% of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date and (B) the excess, if any, of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over $3,608,680.

  • Class A-2 Rate means [ ]% per annum, computed on the basis of a 360-day year consisting of twelve 30-day months.

  • Class A-2 Final Scheduled Distribution Date means the Distribution Date.

  • Class A-3 Final Scheduled Distribution Date means January 15, 2021.

  • Class A-1 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of the actual number of days in such Interest Period and a year assumed to consist of 360 days) on the Class A‑1 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑1 Rate or, in the case of the first Payment Date, on the Class A‑1 Initial Principal Balance.

  • Class A-1 Notes means the Class A-1 1.28000% Asset-Backed Notes, substantially in the form of Exhibit A-1 to the Indenture.

  • Class A-1 Note Rate means, with respect to any Quarterly Interest Period, the interest rate per annum (computed on the basis of the actual number of days in such Quarterly Interest Period over a year of 360 days) equal to Three-Month LIBOR for the related LIBOR Reset Period plus 0.08%.

  • Class A-4 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-4 Rate and (B) the outstanding principal balance of the Class A-4 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-4 Notes on or before such preceding Distribution Date).

  • Class A-2-A Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2 Note Balance means, at any time, the Initial Class A-2 Note Balance reduced by all payments of principal made prior to such time on the Class A-2 Notes.