Group 1 Recovery Election Date definition

Group 1 Recovery Election Date means the Group 1 Termination Date, if Written-down Group 1 Notes exist on such date.
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Examples of Group 1 Recovery Election Date in a sentence

  • In addition, on the Group 1 Recovery Election Date, if any, the Holders of Written-down Group 1 Notes may elect either (x) to receive their proportionate shares of the Group 1 Projected Recovery Amount on the Group 1 Recovery Election Date or (y) to receive their proportionate shares of the Group 1 Liquidation Recovery Amount on the Group 1 Liquidation Date.

  • BCMs should have no part in effectively controlling their own self appointment which is the norm.

Related to Group 1 Recovery Election Date

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

  • Last Scheduled Distribution Date The Distribution Date in the month immediately following the month of the latest scheduled maturity date for any of the Mortgage Loans.

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

  • 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.

  • Excess Cash Flow Application Date as defined in Section 2.12(c).

  • Class A-4 Final Scheduled Distribution Date means January 17, 2023.

  • Class A-3 Final Scheduled Distribution Date means January 15, 2021.

  • Leave application date means the date on which a person granted stateless leave made an application to remain in the UK as a stateless person under the immigration rules (within the meaning given in section 33(1) of the Immigration Act 1971).

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

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Election Date has the meaning specified in Section 3.12(h).

  • Group I Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

  • Class Prepayment Distribution Trigger For a Class of Subordinate Certificates for any Distribution Date, the Class Prepayment Distribution Trigger is satisfied if the fraction (expressed as a percentage), the numerator of which is the aggregate Current Principal Amount of such Class and each Class of Subordinate Certificates subordinate thereto, if any, and the denominator of which is the Scheduled Principal Balance of all of the Mortgage Loans as of the related Due Date, equals or exceeds such percentage calculated as of the Closing Date.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.