Class C Principal Payment Commencement Date definition

Class C Principal Payment Commencement Date means the earlier of (a) (i) with respect to the Accumulation Period, the Expected Final Payment Date or (ii) during the Early Amortization Period, the first Distribution Date on which the Class B Invested Amount is paid in full or, if there are no Principal Collections allocable to the Series 1997-2 Certificates remaining after payments have been made to the Class B Certificates on such Distribution Date, the Distribution Date following the first Distribution Date on which the Class B Invested Amount is paid in full and (b) the Distribution Date following a sale or repurchase of the Receivables as set forth in Section 2.4(e), 9.2, 10.2(a), 12.1 or 12.2 of the Agreement or Section 3 of this Series Supplement.
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Class C Principal Payment Commencement Date means, following an Amortization Period Commencement Date, the earlier of (a) the Business Day on which the Class A Invested Amount and the Class B Invested Amount are paid in full or, if there are no Principal Collections allocable to the Series 2002-1 Variable Funding Certificates remaining after payments have been made to the Class A Certificates and the Class B Certificates on such Business Day, the Business Day following the Business Day on which the Class A and the Class B Invested Amount are paid in full and (b) the Distribution Date following a sale or repurchase of the Receivables as set forth in Section 2.4(d), 9.2, 10.2, 12.1 or 12.2 of the Agreement or Section 3 of this Variable Funding Supplement.
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Class C Principal Payment Commencement Date means the earlier of (a) the Distribution Date on which the Class B Invested Amount is paid in full or, if there are no Principal Collections allocable to the Series 1997-1 Investor Certificates remaining after payments have been made to the Class B Certificates on such Distribution Date, the Distribution Date following the Distribution Date on which the Class B Invested Amount is paid in full and (b) the Distribution Date following a sale or repurchase of the Receivables as set forth in Sections 2.4(e), 9.2, 10.2(a), 12.1 and 12.2 of the Agreement and Section 3 of this Series Supplement.
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Examples of Class C Principal Payment Commencement Date in a sentence

  • On the Class C Principal Payment Commencement Date, after the payment of any principal amounts to the Class B Certificates on such day, and on each Distribution Date thereafter until the Class C Invested Amount is paid in full, the Paying Agent shall pay in accordance with Section 5.1 to the Class C Certificateholders from the Distribution Account such amount deposited into the Distribution Account on the related Transfer Date.

  • No principal will be payable to the Class C Certificateholders until the Class C Principal Payment Commencement Date, which is the Distribution Date either on or following the Distribution Date, on which the Class B Invested Amount had been paid in full.

  • On the Transfer Date preceding the Class C Principal Payment Commencement Date and each Transfer Date thereafter, the Trustee, acting in accordance with instructions from the Servicer set forth in the Daily Report for such day, shall withdraw from the Principal Account, to the extent of funds available, an amount equal to the Class C Principal for such Distribution Date and deposit such amount in the Distribution Account.

  • In doing so, programs are designed that are sensitive to the schedules and requirements of working parents/guardians.

  • On the Class C Principal Payment Commencement Date interest and principal will be distributed to the Class C Securityholders on each Business Day prior to the Series 1998-3 Termination Date.

  • After the Amortization Period Commencement Date no principal will be payable to the Class C Securityholders until the Class C Principal Payment Commencement Date, which is the Business Day either on or following the Business Day, on which the Class B Invested Amount had been paid in full.

  • On and after the Class C Principal Payment Commencement Date, on each Distribution Date until the Class C Invested Amount is paid in full, the Paying Agent shall pay in accordance with Section 5.1 of the Agreement to the Administrative Agent from the Distribution Account such amounts deposited with respect to Class C Principal into the Distribution Account on the related Transfer Date.


More Definitions of Class C Principal Payment Commencement Date

Class C Principal Payment Commencement Date means the earlier of (a) the Distribution Date in an Amortization Period on which the Class B Invested Amount is paid in full or, if there are no Principal Collections allocable to the Series 1995-1 Investor Certificates remaining after payments have been made to the Class B Certificates on such Distribution Date, the Distribution Date following the Distribution Date on which the Class B Invested Amount is paid in full and (b) the Distribution Date following a sale or repurchase of the Receivables as set forth in Sections 2.4(d), 9.2, 10.2, 12.1 or 12.2 of the Agreement and Section 3 of this Series Supplement.
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Class C Principal Payment Commencement Date means the earlier of (a) the first Business Day in the Amortization Period on which the Class B Invested Amount is paid in full or, if there are no Principal Collections allocable to the Series 1998-3 Securities remaining after payments have been made to the Class B Securities on such Business Day, the Business Day following the Business Day on which the Class B Invested Amount is paid in full, and (b) the Business Day following a sale or repurchase of the Receivables as set forth in Sections 2.4(e), 9.2, 10.2, 12.1 or 12.2 of the Agreement and Section 3 of this Series Supplement.
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Class C Principal Payment Commencement Date means the earlier of (a) the Distribution Date on which the Class A Invested Amount and the Class B Invested Amount (and if any Class B-2 Certificates were theretofore outstanding, the Class B-2 Invested Amount) is paid in full or, if there are no Principal Collections allocable to the Series 1997-1 Investor Certificates remaining after payments have been made to the Class A Certificates and the Class B Certificates (and, if applicable, the Class B-2 Certificates) on such Distribution Date, the Distribution Date following the Distribution Date on which the Class A Invested Amount and the Class B Invested Amount (and, if applicable, the Class B-2 Invested Amount) is paid in full and (b) the Distribution Date following a sale or repurchase of the Receivables as set forth in Sections 2.4(e), 9.2, 10.2(a), 12.1 and 12.2 of the Agreement and Section 3 of this Series Supplement.
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Related to Class C Principal Payment Commencement Date

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Principal Payment Dates means, unless otherwise determined by the Fiscal Officer and specified in the Certificate of Award, December 1 in each of the years from and including 2021 to and including 2022.

  • Expected Principal Payment Date means March 15, 2022.

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

  • Scheduled Principal Payment Date means, with respect to any Series, Class or Tranche of Notes, the scheduled due date of any payment of principal on such Notes, as specified in the related Indenture Supplement, or if such day is not a Business Day, the next following Business Day, unless such day is in the next calendar month, in which case such Scheduled Principal Payment Date, unless otherwise specified in the related Indenture Supplement, will be the last Business Day of the current calendar month.

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Class D Final Scheduled Payment Date means the Payment Date occurring in April 2021.

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • Noteholders' Monthly Principal Distributable Amount means, with respect to any Distribution Date, the Noteholders' Percentage of the Principal Distributable Amount.

  • Certificate Monthly Principal Distributable Amount means, with respect to any Payment Date, the Certificate Percentage of the Principal Distributable Amount for such Payment Date.

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 57.40% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date (including amounts in the Prefunding Account as of the Closing Date).

  • Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.

  • Principal Payment Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

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

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

  • Loan Commencement Date means, with respect to each Growth Capital Loan: (a) the first day of the first full calendar month following the Borrowing Date of such Loan if such Borrowing Date is not the first day of a month; or (b) the same day as the Borrowing Date if the Borrowing Date is the first day of a month.

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

  • Class B Monthly Principal means the monthly principal distributable in respect of the Class B Certificates as calculated in accordance with subsection 4.07(b).

  • Class C Final Scheduled Payment Date means the Payment Date occurring in August 2022.

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

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

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

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

  • Class B Final Scheduled Payment Date means the Payment Date occurring in June 2021.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

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