Series Amortization Event definition

Series Amortization Event shall have, with respect to any Series, the meaning specified pursuant to the related Indenture Supplement.
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Series Amortization Event shall have the meaning set out in Section 7.3(2);
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Series Amortization Event means, with respect to Series [_]-[_], the occurrence of any of the following:
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Examples of Series Amortization Event in a sentence

  • The Amortization Period for the Series 2013-1 Notes will commence on the day on which the Series Amortization Event has occurred.

  • Upon the occurrence of a Series Amortization Event, (i) no Asset Purchasing Entity in any Asset Group shall be permitted to purchase additional Trade Finance Assets and (ii) the principal due for each Class of the Series 2013-1 Notes shall equal the Principal Amount Outstanding of such class of Notes.

  • Upon the occurrence of a Series Amortization Event, (i) no Asset Purchasing Entity in any Asset Group designated to support Series 2013-1 shall be permitted to purchase additional Trade Finance or reapportion Sold Assets, (ii) the principal due for each Class of the Series 2013-1 Notes shall equal the Principal Amount Outstanding of such class of Notes and (iii) the Series 2013-1 Notes shall fully amortize in accordance with the priority of payments herein.

  • If an Amortization Event has been declared or is deemed to have occurred pursuant to section 8.1 of the Trust Indenture or if a Series Amortization Event or other event has occurred under any Supplement, the applicable provisions of the Trust Indenture and of the applicable Supplement(s) shall govern whether the continued sale of Receivables called for hereunder shall cease or shall continue.

  • A Series 2017-VFN Early Amortization Event shall constitute a Series Amortization Event (and therefore an Amortization Event) for purposes of the Indenture.


More Definitions of Series Amortization Event

Series Amortization Event means any event designated as a Series Amortization Event in any Supplement;
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Related to Series Amortization Event

  • Amortization Event has the meaning specified in Article IX.

  • Amortization Date means the earliest to occur of (i) the day on which any of the conditions precedent set forth in Section 6.2 are not satisfied, (ii) the Business Day immediately prior to the occurrence of an Event of Bankruptcy with respect to any Seller Party, (iii) the Business Day specified in a written notice from the Administrator following the occurrence of any other Amortization Event, and (iv) the date which is 30 days after the Administrator’s receipt of written notice from Seller that it wishes to terminate the facility evidenced by this Agreement.

  • 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 Period means, with respect to any Series, or any Class within a Series, a period following the Revolving Period during which principal is distributed to Investor Certificateholders, which shall be the controlled amortization period, the principal amortization period, the rapid amortization period, or other amortization period, in each case as defined with respect to such Series in the related Supplement.

  • Automatic Early Redemption Event means that:

  • Tax Event Repayment Date means the date set out in a notice from the Issuer to the Bondholders pursuant to Clause 10.4 (Early redemption option due to a tax event).

  • Liquidation Event means, whether in a single transaction or series of transactions, the voluntary or involuntary liquidation, dissolution or winding up of the Company or such Subsidiaries the assets of which constitute all or substantially all of the assets of the business of the Company and its Subsidiaries, taken as a whole.

  • Early Redemption Event means that R (k) is equal to or greater than the Early Redemption Level (k) on the respective Observation Date (k).

  • Deemed Liquidation Event means: (i) a merger or consolidation in which the Corporation is a constituent party or a subsidiary of the Corporation is a constituent party and the Corporation issues shares of its capital stock pursuant to such merger or consolidation, except any such merger or consolidation involving the Corporation or a subsidiary in which the shares of capital stock of the Corporation outstanding immediately prior to such merger or consolidation continue to represent, or are converted into or exchanged for shares of capital stock that represent, immediately following such merger or consolidation, at least a majority, by voting power, of the capital stock of the surviving or resulting corporation or if the surviving or resulting corporation is a wholly owned subsidiary of another corporation immediately following such merger or consolidation, the parent corporation of such surviving or resulting corporation; or (ii) the sale, lease, transfer, exclusive license or other disposition, in a single transaction or series of related transactions, by the Corporation or any subsidiary of the Corporation of all or substantially all the assets of the Corporation and its subsidiaries taken as a whole, or the sale or disposition (whether by merger or otherwise) of one or more subsidiaries of the Corporation if substantially all of the assets of the Corporation and its subsidiaries taken as a whole are held by such subsidiary or subsidiaries, except where such sale, lease, transfer, exclusive license or other disposition is to a wholly owned subsidiary of the Corporation.