Dissolution Payment Date definition

Dissolution Payment Date means the Payment Date following the liquidation of the Trust corpus pursuant to Section 16.02.
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Dissolution Payment Date. Following an Event of Liquidation, the Business Day following the date on which the proceeds of the sale, liquidation or other disposition of the assets of the Owner Trust in connection with the liquidation of the Trust Estate are paid to the Securityholders.
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Dissolution Payment Date. Following an Event of Default under the Indenture and an acceleration of the Maturity Date of the Bonds, a date on which the proceeds of the sale of the Trust Estate are paid to Securityholders.
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Examples of Dissolution Payment Date in a sentence

  • On any Dissolution Payment Date, the Indenture Trustee shall make a draw on the Credit Enhancement Instrument in an amount, if any, equal to the Dissolution Draw.

  • On any Dissolution Payment Date, the Indenture Trustee shall make a draw on the Credit Enhancement Instrument in an amount, if any, equal to the Dissolution Draw, less any payments made to the Indenture Trustee with respect to that date under the Limited Reimbursement Agreement.

  • Following an Event of Liquidation, on the related Dissolution Payment Date the Indenture Trustee shall make a draw on the Credit Enhancement Instrument in an amount equal to the Dissolution Draw, less any payments made to the Indenture Trustee with respect to that date under the Limited Reimbursement Agreement, pursuant to Section 3.27 and shall distribute such amount as set forth in Section 5.04(b) below.

  • The relevant Payment Date, Final Payment Date, Insured Undercollateralization Payment Date or Dissolution Payment Date is [date].

  • The Indenture Trustee has not heretofore made a demand for the Insured Amount in respect of the Payment Date, Final Payment Date, Insured Undercollateralization Payment Date or Dissolution Payment Date, as the case may be.

  • Notwithstanding the foregoing, on a Dissolution Payment Date, the obligations of the Insurer under the Policy shall be limited in accordance with Section 8.04(b) (ii).

  • Notwithstanding the foregoing, on a Dissolution Payment Date, the obligations of the Insurer under the Policy shall be limited in accordance with Section 9.04(b)(ii).

  • On or prior to 12:00 p.m. on the second Business Day before any Dissolution Payment Date, the Indenture Trustee shall make a draw on the Group I Policy and the Group II Policy in an amount, if any, equal to the Dissolution Draw.

  • On any Dissolution Payment Date, the Indenture Trustee shall make a draw on the Credit Enhancement Instrument in an amount, if any, equal to the Dissolution Draw; provided, that if the Indenture Trustee receives the amount of such draw from the ISDA Counterparty on the Limited Reimbursement Agreement, the Indenture Trustee shall not make a draw on the Credit Enhancement Instrument.


More Definitions of Dissolution Payment Date

Dissolution Payment Date means the first Business Day following the date on which the sale, liquidation or other disposition of the assets of the Owner Trust Estate occurs as a result of the liquidation of the Trust Estate as permitted under the Indenture following an Event of Default thereunder.
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Dissolution Payment Date. Following an Event of Default under the Indenture and an acceleration of the Maturity Date of the Notes, a date on which the proceeds of the sale of the Trust Estate are paid to Securityholders.
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Related to Dissolution Payment Date

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Dissolution Date means, as the case may be:

  • Initial Payment Date has the meaning specified in Section 3 of this Supplement.

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

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Redemption Payment Date As defined in Section 13.1.

  • Interim Distribution Date means the date as soon as reasonably practicable after the Plan Implementation Date;

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

  • Monthly Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions" in the Prospectus Part I for a Trust.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Deferred Sales Charge Payment Date means June 10, 2015 and the tenth day of each month thereafter through October 10, 2015.

  • Subsequent Distribution Date means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is within thirty (30) days of the end of a calendar quarter, then the first Subsequent Distribution Date will be the last Business Day of the month following the end of the first (1st) calendar quarter after the calendar quarter in which the Effective Date falls.

  • Special Redemption and Liquidation Period shall be as set forth in the Prospectus under "Summary of Essential Information."

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

  • Regular Distribution Date Replacement Liquidity Facility", "Responsible Officer", "Scheduled Payment", "Special Payment", "S&P", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreement", "Trustee", "Underwriters", "Underwriting Agreement", "United States" and "Written Notice".

  • Dissolution Event means (i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Company’s creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.

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

  • Current Distribution Date means a Distribution Date specified as a reference date for calculating the Expected Distributions with respect to the Certificates of any Trust as of such Distribution Date.

  • Liquidation Period has the meaning set forth in Section 10.6 of this Agreement.

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

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