Senior Termination Date definition

Senior Termination Date. For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

Senior Termination Date. For Senior Certificate Group 1, the Distribution Date on which the Class Certificate Balance of the Loan Group 1 Senior Certificates (other than the Class PO-1 Component) has been reduced to zero. For Senior Certificate Group 2, the Distribution Date on which the Class Certificate Balances of the Loan Group 2 Senior Certificates (other than the Class PO-2 Component) have been reduced to zero.

Senior Termination Date. For each Certificate Group, the Distribution Date when the aggregate of the Class Principal Balances of that Certificate Group has been reduced to zero. Servicer: JPMCB, Countrywide Servicing, Xxxxxxx Bank, PHH or Xxxxx Fargo Bank, N.A., as applicable, under the related Purchase and Servicing Agreement or Servicing Agreement, as applicable, as identified in Exhibit E.

Examples of Senior Termination Date in a sentence

• Prior to the Senior Termination Date, if any of the Subordinated Creditors shall, at any time, receive any proceeds of any such insurance policy or any such award or payment in contravention of this Agreement, it shall promptly segregate and hold such proceeds in trust and forthwith pay such proceeds over to the Trustee in accordance with the terms of Section 9.

• Facility (b) thereafter until the Senior Termination Date (expected on July 10, 2005), the rate per annum which is the greater of the sum of (i) United States Treasury bill rate, FERI Margin and 3.0% and (ii) World Bank Lending Rate, the FERI Margin and 2.5%.

• In any Reorganization, until all of the Senior Indebtedness shall be Paid in Full, any such Reorganization Consideration received by any Subordinated Creditor which may be payable or deliverable in respect of the Subordinated Indebtedness shall promptly be paid or delivered directly to the Trustee for the benefit of the Senior Creditors for application in payment of the Senior Indebtedness until the occurrenceof the Senior Termination Date.

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• Each Subordinated Creditor hereby acknowledges that the provisions of this Agreement are intended to be enforceable at all times prior to the Senior Termination Date, whether before or after the commencement of, in connection with, or premised on the occurrence of, any Reorganization.

More Definitions of Senior Termination Date

Senior Termination Date. For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero. Servicer: IndyMac Bank, F.S.B., a federal savings bank, and its successors and assigns, in its capacity as servicer under this Agreement.

Senior Termination Date. With respect to each Mortgage Pool, the date on which the aggregate Class Principal Amount of the Senior Certificates related to such Mortgage Pool is reduced to zero.

Senior Termination Date. For each Loan Group, the Distribution Date on which the aggregate of the Class Certificate Principal Balances of the related Senior Certificates is reduced to zero.

Senior Termination Date. For each Certificate Group related to Aggregate Pool A, the Distribution Date when the aggregate of the Class Principal Balances of that Certificate Group has been reduced to zero. Servicer: JPMCB, Countrywide, GreenPoint, SunTrust and PHH, under the related Purchase and Servicing Agreement as identified in Exhibit E.

Senior Termination Date. For each Senior Certificate Group and Principal-Only Component, the Distribution Date on which the aggregate of the Class Principal Balances and related Component Principal Balance of the related Senior Certificates and Principal-Only Component is reduced to zero.

Senior Termination Date. For Senior Certificate Group 1, the Distribution Date on which the aggregate Class Principal Balance of the Group 1 Senior Certificates (other than the Class 1-A-P Certificates) has been reduced to zero. For Senior Certificate Group 2, the Distribution Date on which the aggregate Class Principal Balance of the Group 2 Senior Certificates (other than the Class C-A-P-2 Component) has been reduced to zero. For Senior Certificate Group 3, the Distribution Date on which the Class Principal Balance of the Class 3-A Certificates has been reduced to zero. For Senior Certificate Group 4, the Distribution Date on which the Class Principal Balance of the Class 4-A Certificates has been reduced to zero.

Senior Termination Date. Not applicable.