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

Examples of Senior Termination Date in a sentence

• With respect to any Distribution Date after the Senior Termination Date, the Senior Percentage for such Mortgage Pool will equal zero.

• If, prior to the Senior Termination Date, any payment or distribution is received by a Subordinated Creditor upon or with respect to the Subordinated Indebtedness at a time not permitted hereunder, such Subordinated Creditor shall promptly deliver the same to the Trustee in the form received (except for endorsement or assignment by such Subordinated Creditor where required by the Trustee), for application to the Senior Indebtedness.

• Except as set forth in Disclosure Schedule 3.22(a)(ii), a true, correct and complete copy of each of the material Government Contracts, and all amendments thereto, has been provided to Buyer; provided, however, the Company has not furnished nor made available (and Buyer confirms that the Company has not furnished or made available) any Classified Contract.

• All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Senior Termination Date shall have occurred.

• On each Distribution Date after a Senior Termination Date but prior to the earlier of the Senior Credit Support Depletion Date and the fourth Senior Termination Date, all principal on the Mortgage Loans in the Loan Group related to the Senior Certificate Group that will have been paid in full will be distributed on a pro rata basis, based on Class Certificate Balance, to the Senior Certificates then outstanding relating to the other Loan Groups.

More Definitions of Senior Termination Date

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

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. 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.

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 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. Not applicable.

Senior Termination Date. For any Mortgage Loan Group, the date on which the aggregate Class Principal Amount of the related Class or Classes of Offered Notes is reduced to zero.