Parity Date means the first Quarterly Payment Date on which the aggregate principal amount of the Notes, after giving effect to all distributions on such date, is no longer in excess of the Pool Balance as of the last day of the related Collection Period.
Parity Date means the point in time at which the sum of the aggregate outstanding principal amount of the Notes and the outstanding principal balance of the Certificates is equal to the sum of the Pool Balance and the Pre-Funded Amount.
Parity Date means the Distribution Date on which the aggregate principal balance of the Notes (after giving effect to all distributions pursuant to Section 5.05(c) of the Sale and Servicing Agreement)equals the sum of the Pool Balance and amounts on deposit in the Pre-Funding Account as of the last day of the related Collection Period.
Examples of Parity Date in a sentence
Section 1.1 Parity Date.....................................................................
Notwithstanding anything herein to the contrary, upon the occurrence of the Construction Cost Discount Parity Date, as determined in accordance with Schedule 4, Seller shall have the right to require that SSS transfer the Wet Plant to Seller without charge, and SSS shall undertake such transfer.
Also, on or prior to the Parity Date no Applied Realized Loss Amount will be applied to a Class of Notes.
Section 1.1 Parity Date............................................
Section 1.1 Parity Date .................................................
More Definitions of Parity Date
Parity Date means the date, if any, on which the Class M Certificates and the Class B Certificates have been reduced to zero.
Parity Date means the Distribution Date on which the aggregate principal balance of the Notes and Certificates (after giving effect to all distributions pursuant to Section 5.05(c) of the Sale and Servicing Agreement) equals the sum of the Pool Balance and amounts on deposit in the Pre-Funding Account as of the last day of the related Collection Period.
Parity Date means the first Primary Payment Date on which the Class A Note Principal Amount as of such Primary Payment Date, after giving effect to all distributions on the Class A-1 Notes and deposits to the Class A-2 Distribution Account on such date, is less than or no more than $9,999 in excess of, the Pool Balance as of the last day of the related Collection Period.
Parity Date. With respect to each Class of Class A Notes and the related Pool, the Payment Date on which the related Pool Balance first equals or exceeds the outstanding principal balance with respect to such Class of Class A Notes.
Parity Date means the first Quarterly Payment Date on which the sum of (a) the aggregate principal amount of the Notes and (b) the Certificate Balance of the Certificates, after giving effect to all distributions on such date, is no longer in excess of the sum of (x) the Pool Balance and (y) the amount on deposit in the Reserve Account, each as of the last day of the related Collection Period.
Parity Date. The earlier to occur of (i) July 1998 or (ii) the first Remittance Date on which the aggregate Class Principal Balances of the Notes (after taking into account the distribution of principal (including the Accelerated Principal Distribution Amount) with respect to the Notes on such Remittance Date) is equal to or less than the sum of the aggregate Principal Balances of the Loans as of the end of the prior Due Period (after taking into account all Realized Losses experienced during such Due Period) and the Pre-Funded Amount.
Parity Date. With respect to each Class of Securities and the related Pool, the Payment Date on which the related Pool Balance first equals or exceeds the outstanding principal balance with respect to such Class of Securities.