Qualified Maturity Agreement means an agreement whereby an Eligible Institution agrees to make a deposit into the Principal Accumulation Account on the Expected Principal Payment Date in an amount equal to the initial Note Principal Balance.
Qualified Maturity Agreement means an agreement in which a Qualified Maturity Agreement Institution agrees to make a deposit into the Principal Accumulation Account on or before the Expected Principal Payment Date in an amount equal to the initial Note Principal Balance (reduced by any amount on deposit in the Principal Accumulation Account.
Qualified Maturity Agreement means an agreement in which a Qualified Maturity Agreement Institution agrees to make a deposit into the Principal Accumulation Account on or before the [Class A/B] Expected Principal Payment Date in an amount equal to the initial Note Principal Balance (reduced by any amount on deposit in the Principal Accumulation Account [excluding the Class C Note Initial Principal Balance]) [and a further deposit into the Principal Accumulation Account on the Class C Expected Principal Payment Date in an amount equal to the Class C Note Initial Principal Balance.]
Examples of Qualified Maturity Agreement in a sentence
Issuer does hereby transfer, assign, set-over, and otherwise convey to Indenture Trustee for the benefit of the Series 2024-1 Noteholders, without recourse, all of its rights under any Qualified Maturity Agreement obtained in accordance with this Section 4.14 and all proceeds thereof.
The foregoing transfer, assignment, set-over and conveyance does not constitute and is not intended to result in a creation or an assumption by Indenture Trustee or any Noteholder of any obligation of Issuer or any other Person in connection with a Qualified Maturity Agreement or under any agreement or instrument relating thereto.
Each Qualified Maturity Agreement must satisfy the Series Rating Agency Condition.
More Definitions of Qualified Maturity Agreement
Qualified Maturity Agreement means a written agreement between the Issuer and an Eligible Institution under which the Eligible Institution agrees to deposit into the Principal Funding Account before the Expected Principal Payment Date, an amount equal to Initial Note Principal Balance (reduced by any amount on deposit in the Principal Funding Account).
Qualified Maturity Agreement means an agreement whereby an Eligible Institution agrees to make a deposit into the Principal Accumulation Account on the Class A/B Expected Principal Payment Date in an amount equal to the initial Note Principal Balance (excluding the Class C Note Initial Principal Balance) and a further deposit into the Principal Accumulation Account on the Class C Expected Principal Payment Date in an amount equal to the Class C Note Initial Principal Balance.
Qualified Maturity Agreement means an agreement, meeting the requirements ---------------------------- described in the definition of "Qualified Maturity Agreement" set forth in the Policies, whereby an Eligible Institution agrees to make a deposit into the Principal Accumulation Account on the Expected Principal Distribution Date in an amount equal to the Note Principal Balance on such date; provided that for purposes of this definition, references in the definition of "Eligible Institution" to ratings of "A-1+" and "AAA" by Standard & Poor's shall be modified to require ratings of "A-1" and "A+" from Standard & Poor's.
Qualified Maturity Agreement means a written agreement between ---------------------------- the Transferor and a Qualified Institution under which the Qualified Institution agrees to deposit into the Principal Funding Account on or before the Expected Final Distribution Date an amount equal to the aggregate outstanding principal balance of the Class A Certificates, the Class B Certificates and the Collateralized Trust Obligations as of the Expected Final Distribution Date.
Qualified Maturity Agreement means a written agreement between the Transferor and a Qualified Institution under which the Qualified Institution agrees to deposit into the Principal Funding Account on or before the Expected Final Distribution Date an amount equal to the Class A Note Principal Balance as of the Expected Final Distribution Date.
Qualified Maturity Agreement means an agreement between the ---------------------------- Transferor and a Qualified Maturity Agreement Provider under which the Qualified Maturity Agreement Provider agrees to deposit into the Principal Account on or before the Expected Payment Date, an amount equal to the aggregate outstanding principal balance of the Class A Certificates, the Class B Certificates and the Class C Securities on such date; provided that the amount to be deposited may be reduced by any amount funded, at the election of the Transferor, from any source, including, without limitation, the proceeds of a new Series on or before the Expected Payment Date and by any amount on deposit in the Principal Account.
Qualified Maturity Agreement means (i) a written agreement between the Transferor and one or more Qualified Institutions under which the Qualified Institutions agree to deposit into the Principal Funding Account on or with respect to the Expected Final Distribution Date an amount equal to the sum of the Class A Invested Amount plus the Class B Invested Amount plus the CTO Invested Amount, in each case as of such Distribution Date, minus any amounts on deposit in the Principal Funding Account immediately before such deposit, including a written agreement under which the Qualified Institutions acquire an interest in the Trust, and (ii) any other arrangement entered into in connection with the suspension of the commencement of the Accumulation Period if the Rating Agency Condition shall have been satisfied with respect to such arrangement.