Rapid Amortization Commencement Date definition

Rapid Amortization Commencement Date means the earlier of (i) the Payment Date in the month specified in the Adoption Annex and (ii) the Payment Date after the Collection Period in which a Rapid Amortization Event occurs.

Rapid Amortization Commencement Date means the earlier of the date on which a Rapid Amortization Event is deemed to occur pursuant to Section 9.01 of the Pooling and Servicing Agreement or pursuant to Section 17 hereof.

Rapid Amortization Commencement Date means the earlier of the Payment Date in the month specified in the Adoption Annex and the Payment Date after the Collection Period in which a Rapid Amortization Event occurs.

Examples of Rapid Amortization Commencement Date in a sentence

• If an “Early Amortization Event” shall occur under the Base Indenture, then the Rapid Amortization Commencement Date shall occur without any notice or other action on the part of any party hereto immediately upon the occurrence of such event.

• In the case of any event set forth in SECTION 7.1(d) or (g) above, a Rapid Amortization Commencement Date with respect to all Series will be deemed to have occurred without any notice or other action on the part of the Trustee immediately upon the occurrence of such event.

• Any Waiver Notice shall be given within the period commencing on the date on which the Rapid Amortization Commencement Date has been deemed to have occurred and the date of the second Distribution Date immediately following such date (the "NOTICE PERIOD").

• Notwithstanding the amendment and restatement of the October 2002 Series 2001-A Supplement, nothing herein shall be deemed to waive any Series 2001-A Rapid Amortization Event or any Rapid Amortization Commencement Date with respect to the Series 2001-A that has occurred and is continuing or any liability or obligation that accrued under the October 2002 Series 2001-A Supplement or the Master Trust Agreement prior to and all of which shall survive the Third Closing Date.

• On and after the Rapid Amortization Commencement Date, the Administrative Agent shall have the right to allocate outstanding Loans, if any, to Interest Accrual Periods of such duration as shall be selected in writing by the Administrative Agent at the written direction of the Required Lenders.

More Definitions of Rapid Amortization Commencement Date

Rapid Amortization Commencement Date. The earlier of (i) the Distribution Date in ____________ 200__ and (ii) the Distribution Date next succeeding the Collection Period in which a Rapid Amortization Event is deemed to occur pursuant to Section 11.01.

Rapid Amortization Commencement Date means the day on which a Series 2001-A Rapid Amortization Event occurs pursuant to clause (d) or (g) of Section 7.1 of the Master Trust Agreement or, with respect to any other Series 2001-A Rapid Amortization Event, the day on which the Trustee gives notice to the Sellers' Representative thereof pursuant to Section 7.1 of the Master Trust Agreement.

Rapid Amortization Commencement Date. With respect to each Class of Certificates, the earlier of (i) the Payment Date in ______________ and (ii) the Payment Date next succeeding the Collection Period in which a Rapid Amortization Event is deemed to occur pursuant to Section 11.01.

Rapid Amortization Commencement Date means the date on which the Rapid Amortization Period begins as set forth in the applicable Prospectus Supplement.

Rapid Amortization Commencement Date. The earlier of (i) the Payment Date in July, 2001 and (ii) the Payment Date next succeeding the Remittance Period in which a Rapid Amortization Event is deemed to occur pursuant to Section 12.1.

Rapid Amortization Commencement Date means the earlier of (i) the ------------------------------------ Distribution Date in April 2004 and (ii) the Distribution Date next succeeding the Collection Period in which a Rapid Amortization Event is deemed to occur pursuant to Section 12.1.

Rapid Amortization 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 2000-1 Pay Out Event is deemed to occur pursuant to Section 6.1.