Class B Accumulation Period definition

Class B Accumulation Period means, unless a Pay Out Event with respect to Series 1997-2 shall have occurred prior thereto, the period commencing on the Distribution Date on which the Class A Investor Amount is paid in full or if the Class A Investor Amount is paid in full on the Class A Expected Payment Date, at the close of business on the Class A Expected Payment Date, and ending on the first to occur of (a) the commencement of the Rapid Amortization Period, (b) the payment in full to Class B Certificateholders of the Class B Investor Amount or (c) the Stated Series Termination Date.
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Class B 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 the Monthly Period immediately preceding the Class A Expected Final Payment Date and ending upon the first to occur of (a) the commencement of the Early Amortization Period, (b) the payment in full to Class B Certificateholders of the Class B Invested Amount and (c) the Termination Date.
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Class B Accumulation Period means the period commencing on the Class B Principal Commencement Date and ending on the first to occur thereafter of (a) the commencement of the Early Amortization Period, (b) the payment in full to the Class B Certificateholders of the Class B Invested Amount, (c) the commencement of the Principal Payment Period or (d) the Termination Date.
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Examples of Class B Accumulation Period in a sentence

  • Share Class A Accumulation**Period Pay Netend date RevenueDistribution Tables Group 2 Group 2 Group 2 31/10/21 31/01/22- 0.1734- - 0.1772 30/04/22 31/12/21 Group 1--Group 2--31/03/22 Group 1--Group 2--Group 130/06/22 - -Group 2- 0.1687 Share Class B Accumulation Period Payend date31/07/22 30/09/22 0.6717 0.6291 Period Payend dateShare Class B Income 31/07/22 30/09/22 0.2396 0.2306 All distributions above are in pence per share unless specifically stated.


More Definitions of Class B Accumulation Period

Class B 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 the Monthly Period immediately preceding the Class A Expected Final Payment Date or, if the Class A Invested Amount is not paid in full on the Class A Expected Final Payment Date, at the close of business on the last business day of the second Monthly Period preceding the Distribution Date on which the Class A Invested Amount is paid in full and ending upon the first to occur of (a) the commencement of the Early Amortization Period, (b) the payment in full to Class B Certificateholders of the Class B Invested Amount and (c) the Termination Date.
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Class B Accumulation Period means, unless an Early Amortization Event with respect to Series 1998-1 shall have
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Class B Accumulation Period means the period commencing on the Class B Principal Commencement Date and ending on the first to occur thereafter of (a) the commencement of the Rapid Amortization Period, (b) the payment in full to the Class B Certificateholders of the Class B Invested Amount or (c) the Termination Date.]
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Class B Accumulation Period means, unless an Early Amortization Event with respect to Series 1997-2 shall have occurred prior thereto, the period commencing on the Distribution Date on which the Class A Adjusted Invested Amount is paid in full or, if the Class A Adjusted Invested Amount is paid in full on the Class A Expected Final Distribution Date, at the close of business on the Class A Expected Final Distribution Date, and ending on the first to occur of (a) the commencement of the Early Amortization Period, (b) the payment in full to the Class B Certificateholders of the Class B Adjusted Invested Amount or (c) the Stated Series Termination Date.
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Class B Accumulation Period means the period commencing on the --------------------------- Class B Principal Commencement Date and ending on the first to occur thereafter of (a) the commencement of the Rapid Amortization Period, (b) the payment in full to the Class B Certificateholders of the Class B Invested Amount or (c) the Termination Date.]
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Related to Class B Accumulation Period

  • Accumulation Period has the meaning set forth 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 February 2022 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.

  • 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 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:

  • 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.

  • 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.

  • 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.

  • Amortization Period means the period beginning on the Termination Date and ending on the Maturity 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.

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

  • Accumulation Commencement Date means January 1, 2021, or such later date as the Calculation Agent on behalf of the Issuer determines in accordance with Section 2.11 hereof.

  • Accumulation shall not exceed an amount equal to twice the annualized current vacation earnings rate of the employee. This is the employee’s “Maximum Balance.”

  • Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.

  • 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(2019-1) 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.

  • 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.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

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

  • ACCUMULATION UNIT VALUE means the dollar value of each Accumulation Unit in a Separate Account on a given date. (If Investment Funds apply as described in Section 2.02, then the terms of this Section 2.03 apply separately to each Fund, unless otherwise stated.) Amounts allocated or transferred to a Separate Account are used to purchase Accumulation Units of that Account. Units are redeemed when amounts are deducted, transferred or withdrawn. The number of Accumulation Units in a Separate Account at any time is equal to the number of Accumulation Units purchased minus the number of Units redeemed in that Account up to that time. The number of Accumulation Units purchased or redeemed in a transaction is equal to the dollar amount of the transaction divided by the Account's Accumulation Unit Value for that Transaction Date.

  • Accumulation Unit is the unit of measure we use before the Income Date to keep track of the value of each Variable Sub-Account.

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.

  • Interest Commencement Date means the Issue Date of the Notes or such other date as may be specified as the Interest Commencement Date in the relevant Final Terms;

  • 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.