Rapid Amortization Payment Date definition

Rapid Amortization Payment Date. Each Monthly Distribution Date, commencing with the Monthly Distribution Date related to the first full calendar month following the commencement of the Rapid Amortization Period and continuing until the earlier of the date that the Certificate Balance of the 2005-A Certificates is distributed in full or the Trust Termination Date.
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Rapid Amortization Payment Date. With respect to a series of Term Notes, the meaning given to such term in the Officer’s Issuance Certificate applicable to such series of Term Notes.
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Examples of Rapid Amortization Payment Date in a sentence

  • On each Monthly Distribution Date related to a Rapid Amortization Payment Date, the Indenture Trustee (based on the Servicer’s Accounting for such Monthly Distribution Date) shall apply the lesser of the Available Principal Funds for such Monthly Distribution Date and the outstanding principal balance of the 2004-A Term Notes on the last day of the related Collection Period to the 2004-A Term Notes Distribution Account on such Monthly Distribution Date.

  • On each Monthly Distribution Date related to a Rapid Amortization Payment Date, the Owner Trustee (based on the Servicer’s Accounting for such Monthly Distribution Date) shall distribute to the Holders of the 2004-A Certificates the lesser of the amount of Available Principal Funds for such Monthly Distribution Date and the Certificate Balance of the 2004-A Certificates on the last day of the related Collection Period.

  • On each Monthly Distribution Date related to a Rapid Amortization Payment Date, the Owner Trustee (based on the Servicer’s Accounting for such Monthly Distribution Date) shall distribute to the Holders of the 2005-A Certificates the lesser of the amount of Available Principal Funds for such Monthly Distribution Date and the Certificate Balance of the 2005-A Certificates on the last day of the related Collection Period.

  • On each Monthly Distribution Date related to a Rapid Amortization Payment Date, the Owner Trustee (based on the Servicer’s Accounting for such Monthly Distribution Date) shall distribute to the Holders of the 200_-_ Certificates the lesser of the amount of Available Principal Funds for such Monthly Distribution Date and the Certificate Balance of the 200_-_ Certificates on the last day of the related Collection Period.

  • On each Monthly Distribution Date related to a Rapid Amortization Payment Date, the Indenture Trustee (based on the Servicer's Accounting for such Monthly Distribution Date) shall apply the lesser of the Available Principal Funds for such Monthly Distribution Date and the outstanding principal balance of the 2001-A Term Notes on the last day of the related Collection Period to the 2001-A Term Notes Distribution Account on such Monthly Distribution Date.

  • Rapid Amortization Payment Date: Each Monthly Distribution Date, commencing with the Monthly Distribution Date related to the first full calendar month following the commencement of the Rapid Amortization Period and continuing until the earlier of the date that the 2000-A Term Notes are paid in full or the Trust Termination Date.

  • On each Monthly Distribution Date related to a Rapid Amortization Payment Date, the Indenture Trustee (based on the Servicer’s Accounting for such Monthly Distribution Date) shall apply the lesser of the Available Principal Funds for such Monthly Distribution Date and the outstanding principal balance of the 2003-A Term Notes on the last day of the related Collection Period to the 2003-A Term Notes Distribution Account on such Monthly Distribution Date.

  • On each Monthly Distribution Date related to a Rapid Amortization Payment Date, the Indenture Trustee (based on the Servicer's Accounting for such Monthly Distribution Date) shall apply the lesser of the Available Principal Funds for such Monthly Distribution Date and the outstanding principal balance of the 2000-A Term Notes on the last day of the related Collection Period to the 2000-A Term Notes Distribution Account on such Monthly Distribution Date.

  • On each Monthly Distribution Date related to a Rapid Amortization Payment Date, the Owner Trustee (based on the Servicer’s Accounting for such Monthly Distribution Date) shall distribute to the Holders of the Certificates the lesser of the amount of Available Principal Funds for such Monthly Distribution Date and the Certificate Balance of the Certificates on the last day of the related Collection Period.

  • Such interest will be payable on each Rapid Amortization Payment Date and will be calculated on the basis of the Actual/360 Day Count.

Related to Rapid Amortization Payment Date

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Rapid Amortization Period means the Amortization Period commencing on the Pay Out Commencement Date and ending on the earlier to occur of (a) the Series 2001-D Termination Date and (b) the termination of the Trust pursuant to Section 12.01 of the Agreement.

  • Rapid Amortization Event has the meaning given to it in Section 5.16.

  • Amortization Amount shall have the meaning provided in Section 5.2(c).

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2009-VFN Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Amortization Date means the earliest to occur of (i) the Commitment Termination Date, (ii) the declaration or automatic occurrence of the Amortization Date pursuant to Section 7.03 and (iii) that Business Day which the Borrower designates as the Amortization Date by notice to the Administrative Agent at least five (5) Business Days prior to such Business Day.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.

  • Early Amortization Event means the occurrence of any of the following:

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

  • Expected Principal Payment Date means April 15, 2010.

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • Non-Payment Period means a period commencing on and including a Dividend Payment Date or redemption date for which the Trust shall fail to (i) declare, prior to the close of business on the second Business Day preceding such Dividend Payment Date, for payment on or (to the extent permitted by Section 11.2(c)(i) of these Bylaws) within three Business Days after such Dividend Payment Date to the Holders as of 12:00 noon, New York City time, on the Business Day preceding such Dividend Payment Date, the full amount of any dividend on APS payable on such Dividend Payment Date, provided, however, that if the Trust is not able to make such declaration in compliance with the foregoing because an unforeseen event or unforeseen events causes or cause a day that otherwise would have been a Business Day not to be a Business Day, then the Trust may make such declaration on the Business Day immediately preceding the Dividend Payment Date, if possible, or, if not possible, on the Dividend Payment Date, and in such case the Trust shall not be deemed to have failed to declare a dividend otherwise required to be declared, or (ii) deposit, irrevocably in trust, in same-day funds, with the Auction Agent by 12:00 noon, New York City time, (A) on such Dividend Payment Date the full amount of any cash dividend on such shares payable (if declared) on such Dividend Payment Date or (B) on any such redemption date for any shares of APS called for redemption, the Mandatory Redemption Price per share of such APS or, in the case of an optional redemption, the Optional Redemption Price per share, and ending on and including the Business Day on which, by 12:00 noon, New York City time, all unpaid cash dividends and unpaid redemption prices shall have been so deposited or shall have otherwise been made available to Holders in same-day funds; provided that, a Non-Payment Period shall not end unless the Trust shall have given at least five days’ but no more than 30 days’ written notice of such deposit or availability to the Auction Agent, all Existing Holders (at their addresses appearing in the Share Books) and the Securities Depository. Notwithstanding the foregoing, the failure by the Trust to deposit funds as provided for by clauses (ii)(A) or (ii)(B) above within three Business Days after any Dividend Payment Date or redemption date, as the case may be, in each case to the extent contemplated by Section 11.2(c)(i) of these Bylaws, shall not constitute a “Non-Payment Period.”

  • Amortization Period means the period beginning on the Termination Date and ending on the Maturity Date.

  • Principal Payment Dates means unless otherwise determined by the Fiscal Officer in the Certificate of Award, December 1 in the years from and including 2020 to and including 2035, provided that in no case shall the latest Principal Payment Date be later than the maximum maturity of the Bonds referred to in the preambles hereto.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Managed Amortization Period means the period from the Closing Date to the Rapid Amortization Commencement Date.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Swap Payment Date For so long as the Swap Agreement is in effect or any amounts remain unpaid thereunder, the Business Day immediately preceding each Distribution Date.

  • Redemption Payment Date As defined in Section 13.1.