Final Distribution Date definition

Final Distribution Date. The Distribution Date on which the final distribution in respect of the Certificates will be made pursuant to Section 9.01, which Final Distribution Date shall in no event be later than the end of the 90-day liquidation period described in Section 9.02. Fitch: Fitch Ratings or its successor in interest.
Final Distribution Date. As to any Class, the Distribution Date specified in the Prospectus Supplement or the Lower Tier Schedule, as the case may be, as being the Distribution Date on or before which the Class Balance thereof shall have been reduced to zero.

Examples of Final Distribution Date in a sentence

  • If the REMIC Administrator makes two or more separate REMIC elections, the applicable REMIC shall be terminated on the earlier of the Final Distribution Date and the date on which it is deemed to receive the last deemed distributions on the related Uncertificated REMIC Regular Interests and the last distribution due on the Certificates is made.

  • The right of the Master Servicer to purchase all the assets of the Trust Fund pursuant to clause (ii) above is conditioned upon the Pool Stated Principal Balance as of the Final Distribution Date, prior to giving effect to distributions to be made on such Distribution Date, being less than ten percent of the Cut-off Date Principal Balance of the Mortgage Loans.

  • The Assumed Final Distribution Date is the Distribution Date in the month following the latest scheduled maturity date of any Mortgage Loan and is not likely to be the date on which the Certificate Principal Balance of this Class of Certificates will be reduced to zero.

  • Such distribution on the Final Distribution Date shall be in lieu of the distribution otherwise required to be made on such Distribution Date in respect of each Class of Certificates.

  • Failure to give notice of termination as described herein shall not entitle a Certificateholder to any interest beyond the interest payable on the Final Distribution Date.


More Definitions of Final Distribution Date

Final Distribution Date. The Distribution Date in November 2036.
Final Distribution Date. As to any Class, the Distribution Date specified in Section 2.02 or 3.01 hereof as being the Distribution Date on or before which the Principal Balance or Class Certificate Principal Balance or Class Notional Principal Balance thereof, as the case may be, shall have been reduced to zero.
Final Distribution Date means the date on which all Scheme Consideration shall have been issued and/or distributed (as applicable) to the Scheme Parties.
Final Distribution Date. For each Class of Certificates, the respective dates specified in Section 2.03(d).
Final Distribution Date. The Distribution Date occurring in December 2036.