Pay Out Commencement Date definition

Pay Out Commencement Date means the date on which a Trust Pay Out Event is deemed to occur pursuant to Section 9.01 of the Agreement or a Series 2001-D Pay Out Event is deemed to occur pursuant to Section 7 hereof.

Pay Out Commencement Date means, with respect to each Series, the date on which (a) a Trust Pay Out Event is deemed to occur pursuant to Section 9.1 or (b) a Series Pay Out Event is deemed to occur pursuant to the Supplement for such Series.

Pay Out Commencement Date means the date on which a

Examples of Pay Out Commencement Date in a sentence

• The Defeasance Reserve Account shall be terminated following the earliest to occur of (a) the termination of the Trust pursuant to the Agreement, (b) the date on which the ABC Invested Amount is paid in full, (c) prior to Defeasance, the Pay Out Commencement Date and (d) after Defeasance, the earlier of the first Transfer Date with respect to the Early Amortization Period and the CTO Expected Final Payment Date.

• In addition, pursuant to Section 6.15 of the Agreement, the holders of this Certificate may from time to time be required, prior to the Pay Out Commencement Date, to purchase Additional Class A Invested Amounts on the terms and conditions specified therein.

• If the Pay Out Commencement Date occurs during the Funding Period, the remaining Pre-Funded Amount will be applied to make principal payments with respect to the Certificates in accordance with subsection 4.9(c) of the Agreement.

• On the July 2003 Distribution Date or, in the event there shall have occurred a Pay Out Commencement Date, on each Distribution Date thereafter until the Class A Outstanding Principal Amount is paid in full, the Paying Agent shall pay in accordance with Section 5.1 of the Agreement to the Class A Securityholders from the Distribution Account such amounts deposited with respect to Class A Principal into the Distribution Account on the related Transfer Date.

• If the Pay Out Commencement Date occurs during the Funding Period, the remaining Pre-Funded Amount will be applied to make principal payments with respect to the Certificates in accordance with subsec- tion 4.9(c) of the Agreement.

More Definitions of Pay Out Commencement Date

Pay Out Commencement Date means the earliest to occur of (i) the date on which a Trust Pay Out Event is deemed to occur pursuant to Section 9.01 of the Agreement, (ii) the date on which a Series 1999-_ Pay Out Event is deemed to occur pursuant to Section 8 of this Series Supplement, (iii) the Class A Scheduled Payment Date if the Class A Invested Amount is not paid in full on such date and (iv) the Class B Scheduled Payment Date if the Class B Invested Amount is not paid in full on such date.

Pay Out Commencement Date means the earliest to occur of (i) the date on which a Trust Pay Out Event is deemed to occur pursuant to Section 9.01 of the Agreement and (ii) the date on which a Series 2002-CC Pay Out Event is deemed to occur pursuant to Section 9 of this Series Supplement.

Pay Out Commencement Date means, (i) with respect to each Series, the date on which a Trust Pay Out Event is deemed to occur pursuant to Clause 6.1 of the Receivables Trust and Trust Cash Management Agreement or (ii) with respect to any Series, the date on which a Series Pay Out Event is deemed to occur pursuant to the Supplement for such Series;

Pay Out Commencement Date means the date on which a Trust Pay Out Event is deemed to occur pursuant to Clause 6.1 of the Trust and Cash Management Agreement or a Series [*] Pay Out Event is deemed to occur pursuant to Clause 6.2 of the Trust and Cash Management Agreement (as Clause 6.2 is set out in Part 7 of the Schedule);

Pay Out Commencement Date means the date on which a Trust Pay Out Event is deemed to occur pursuant to Section 9.01 or a Series 1999-J Pay Out Event is deemed to occur pursuant to Section 9 hereof.

Pay Out Commencement Date means the date on which a Trust Pay Out Event is deemed to occur pursuant to

Pay Out Commencement Date means the date on which a Trust Pay Out Event is deemed to occur pursuant to Section 9.1 of the Agreement or a Series 2002-1 Pay Out Event is deemed to occur pursuant to Section 10 of this Variable Funding Supplement.