Class A Accumulation Period definition

Class A Accumulation Period means, unless an Early Amortization Event with respect to Series 1998-1 shall have occurred prior thereto, the period commencing at the close of business on the last day of the [_________] Collection Period, or such later date as shall be determined in accordance with Section 4.15, and ending on the first to occur of (a) the commencement of the Early Amortization Period, (b) the payment in full to Class A Certificateholders of the Class A Adjusted Invested Amount or (c) the Stated Series Termination Date.
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Class A Accumulation Period means, unless a Pay Out Event shall have occurred prior thereto, the period commencing at the close of business on the last Business Day of April 1999 (or such later date as is determined in accordance with Section 4.03(e)), and ending upon the first to occur of (a) the commencement of the Early Amortization Period, (b) the last Business Day of the Monthly Period immediately preceding the Distribution Date on which the Class A Invested Amount is paid in full to Class A Certificateholders and (c) the Termination Date.
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Class A Accumulation Period means, unless a Pay Out Event or a Principal Payment Event shall have occurred prior thereto, the period commencing at the close of business on the Class A Accumulation Period Commencement Date or such later date as is determined in accordance with Section 4.03(g) and ending on the first to occur of (a) the commencement of the Early Amortization Period, (b) the payment in full to Class A Certificateholders of the Class A Invested Amount, (c) the commencement of the Principal Payment Period or (d) the Termination Date.
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Examples of Class A Accumulation Period in a sentence

  • On each Determination Date, the Servicer will determine the "Class A Accumulation Period Length" which will equal the number of months such that the Class A Accumulation Period Amount for the Monthly Period immediately preceding the Class A Expected Final Payment Date, when aggregated with the Class A Accumulation Period Amounts for each preceding Monthly Period, will equal or exceed the Class A Initial Invested Amount.

  • Any notice by the Servicer electing to modify the commencement of the Class A Accumulation Period pursuant to this subsection (f) shall specify (i) the Class A Accumulation Period Length, (ii) the commencement date of the Class A Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Class A Accumulation Period.

  • Any notice by the Servicer electing to modify the commencement of the Class A Accumulation Period pursuant to this Section 4.14 shall specify (i) the Class A Accumulation Period Length, (ii) the commencement date of the Class A Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Class A Accumulation Period.

  • Determination of Monthly Principal; Series 1998-1 Accounts; Class A Accumulation Period............

  • Series 1998-1 ------------------------------------------------- Accounts; Class A Accumulation Period.

  • XI AMORTIZATION ------------------------------------------------------------------------------------------------------------------- (a) Class A Accumulation Period Length (months) 12 (b) Controlled Accumulation Amount $ 33,333,333.34 (c) Deficit Controlled Accumulation Amount $ - (d) Total Principal on deposit in Principal Funding Account $ - for the benefit of Class A Certificateholders RETAILERS NATIONAL BANK, AS SERVICER BY: /s/ Thomas A.

  • Determination of Monthly Principal [; Principal Funding Account; Class A Accumulation Period.] ........................................................................................26 Section 4.04.

  • XI AMORTIZATION --------------------------------------------------------------------------------------------------------------------------------- (a) Class A Accumulation Period Length (months) 12 (b) Controlled Accumulation Amount $ 33,333,333.34 (c) Deficit Controlled Accumulation Amount $ - (d) Total Principal on deposit in Principal Funding Account for the benefit of Class $ - A Certificateholders RETAILERS NATIONAL BANK, as servicer By: /s/ Thomas A.

  • Therefore, it seems that L1 has never been “a skeleton in the cupboard” (Prodromou, 2001: 8); rather it has been a bone of contention for more than two centuries.

  • XI AMORTIZATION ---------------------------------------------------------------------------------------------------------------------------- (a) Class A Accumulation Period Length (months) 12 (b) Controlled Accumulation Amount $ 33,333,333.34 (c) Deficit Controlled Accumulation Amount $ - (d) Total Principal on deposit in Principal Funding Account for the benefit of $ - Class A Certificateholders RETAILERS NATIONAL BANK, AS SERVICER BY: /s/ Thomas A.


More Definitions of Class A Accumulation Period

Class A Accumulation Period means, unless a Pay Out Event shall have occurred prior thereto, the period commencing at the close of business on [_____________] [or such later date as is determined in accordance with Section 4.03(e)] and ending on the first to occur of (a) the commencement of the Rapid Amortization Period or (b) the payment in full to Class A Certificateholders of the Class A Invested Amount.]
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Related to Class A Accumulation Period

  • Return Accumulation Period means the period from (and including) a Periodic Distribution Date (or, in the case of the first Return Accumulation Period, the Issue Date) to (but excluding) the next (or, in the case of the first Return Accumulation Period, the first) Periodic Distribution Date;

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Accumulation Period has the meaning set forth in the Indenture Supplement.

  • Controlled Accumulation Period Factor means, for each Monthly Period, a fraction, the numerator of which is equal to the sum of the series invested amounts as of the last day of the prior Monthly Period of all outstanding Series, and the denominator of which is equal to the sum (without duplication) of (a) the Series Invested Amount as of the last day of the prior Monthly Period, (b) the series invested amounts as of the last day of the prior Monthly Period of all outstanding Series (other than Series 2022-2) that are not expected to be in their revolving periods, and (c) the series invested amounts as of the last day of the prior Monthly Period of all other outstanding Series that are not Principal Sharing Series and are in their revolving periods.

  • Controlled Accumulation Period means, unless a Pay-Out Event shall have occurred prior thereto, the period commencing at the close of business on the last day of the August 2020 Monthly Period or such later date as is determined in accordance with subsection 4.03(c) and ending on the first to occur of (a) the commencement of the Early Amortization Period, (b) the payment in full of the Invested Amount and (c) the Expected Final Payment Date.

  • Accumulation Reserve Funding Period shall not apply if the Calculation Agent on behalf of the Issuer notifies the Indenture Trustee that it expects the Accumulation Period Length to be adjusted to one (1) month, and otherwise shall mean a period commencing on the first Distribution Date on which a condition in the right column of the following table was in effect on the immediately preceding Distribution Date, if the Distribution Date is a Distribution Date described in the corresponding left column of the following table, and ending on the Distribution Date immediately preceding the earlier to occur of:

  • Accumulation Amount means $83,333,333.34; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Amount shall be determined in accordance with the definition of “Accumulation Amount” in the Indenture Supplement.

  • Accumulation Period Factor means, for any Collection Period, a fraction with:

  • Controlled Accumulation Amount means $104,166,667; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Controlled Accumulation Amount shall be the amount specified in the definition of “Controlled Accumulation Amount” in the Indenture Supplement.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Deficit Controlled Accumulation Amount means (a) on the first Distribution Date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Accumulation Amount for such Distribution Date over the amount deposited in the Principal Funding Account on such Distribution Date and (b) on each subsequent Distribution Date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount for such subsequent Distribution Date over the amount deposited in the Principal Funding Account on such subsequent Distribution Date.

  • Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.

  • Amortization Period means, with respect to any Series, or any Class within a Series, a period following the Revolving Period during which principal is distributed to Investor Certificateholders, which shall be the controlled amortization period, the principal amortization period, the rapid amortization period, or other amortization period, in each case as defined with respect to such Series in the related Supplement.

  • Class A-4 Final Scheduled Distribution Date means February 15, 2024.

  • Class A-1 Final Scheduled Distribution Date means the Distribution Date.

  • Funding Period means the period beginning on the Closing Date and ending on the first to occur of (a) the Distribution Date on which the amount on deposit in the Pre-Funding Account (after giving effect to any transfers therefrom in connection with the transfer of Subsequent Contracts to the Trust on such Distribution Date) is less than $150,000, (b) the date on which an Event of Termination occurs, (c) the date on which an Insolvency Event occurs with respect to the Trust Depositor and (d) the close of business on the date which is 90 days from and including the Closing Date.

  • Principal Accumulation Account means the account designated as such, established and owned by the Issuer and maintained in accordance with Section 4.2.

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

  • Class A-3 Final Scheduled Distribution Date means the Distribution Date.

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2024-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

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

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

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

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

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

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