Class A Accumulation Period Length definition

Class A Accumulation Period Length shall have the meaning specified in Section 4.03(e).

Examples of Class A Accumulation Period Length 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.

  • 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.

  • 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.

  • Any notice by the Servicer electing to modify the commencement of the Class A Accumulation Period pursuant to this Section 4.13 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.

  • AMORTIZATION ----------------------------------------------------------------------------------------------- (a) Class A Accumulation Period Length (months)..........................

  • 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.

  • 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.

  • XI AMORTIZATION --------------------------------------------------------------------------------------------------- (a) Class A Accumulation Period Length (months) 3 (b) Controlled Accumulation Amount $ 133,333,333.34 (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.

Related to Class A Accumulation Period Length

  • Accumulation Period Length means 12 months; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Period Length shall be determined in accordance with the definition of “Accumulation Period Length” in the Indenture Supplement.

  • Controlled Accumulation Period Length has the meaning specified in subsection 4.03(c).

  • 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.

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

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

  • 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;

  • 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.

  • 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.

  • 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:

  • 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-4 Final Scheduled Payment Date means the Payment Date in February 2024.

  • 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.

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2027.

  • Class A Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class A Invested Amount less the Principal Funding Account Balance (but not in excess of the Class A Invested Amount) on such date.

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

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in May 2023.

  • Required Accumulation Factor Number shall be equal to a fraction, rounded upwards to the nearest whole number, the numerator of which is one and the denominator of which is equal to the lowest monthly principal payment rate on the Accounts, expressed as a decimal, for the three months preceding the date of such calculation.

  • Class A-3 Final Scheduled Payment Date means the Payment Date occurring in April 2028.

  • Applicable Unscheduled Principal Receipt Period With respect to the Mortgage Loans serviced by each Servicer and each of Full Unscheduled Principal Receipts and Partial Unscheduled Principal Receipts, the Unscheduled Principal Receipt Period specified on Schedule I hereto, as amended from time to time by the Master Servicer pursuant to Section 10.01(b) hereof.

  • Subsequent Rate Period means, with respect to any Series of RVMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Non-Payment Period Rate means, initially, 200% of the applicable Reference Rate (or 275% of such rate if the Corporation has provided notification to the Auction Agent prior to the Auction establishing the Applicable Rate for any dividend pursuant to paragraph 2(f) hereof that net capital gains or other taxable income will be included in such dividend on shares of AMPS), provided that the Board of Directors of the Corporation shall have the authority to adjust, modify, alter or change from time to time the initial Non-Payment Period Rate if the Board of Directors of the Corporation determines and Moody's and S&P (and any Substitute Rating Agency in lieu of Moody's or S&P in the event either of such parties shall not rate the AMPS) advise the Corporation in writing that such adjustment, modification, alteration or change will not adversely affect their then-current ratings on the AMPS.

  • Scheduled Principal Distribution Amount With respect to each Distribution Date, an amount equal to the aggregate of the principal portions of:

  • Class A-2 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.