Examples of Special Determination Date in a sentence
In the event that on the Special Determination Date the Subsequent Pool Pre-Funded Amount, after giving effect to the purchase of any Subsequent Pool Student Loans on such date, is greater than zero but less than or equal to $10,000,000, the Class A-1 Notes will be redeemed in an amount equal to such Subsequent Pool Pre-Funded Amount.
In the event that on the Special Determination Date the Group I Subsequent Loan Pre-Funded Amount or Group II Subsequent Loan Pre-Funded Amount, as applicable, after giving effect to the purchase of any Subsequent Student Loans on such date, is greater than zero but less than or equal to $10,000,000, the Indenture Trustee, or the Administrator on its behalf, will on the next following Distribution Date transfer such amounts to the Group I or Group II Other Student Loan Sub-Account, as applicable.
In the event that on the Special Determination Date the amount on deposit in the Delayed Delivery Loan Funding Account, after giving effect to the purchase of any Delayed Delivery Loans on such date, is greater than zero but less than or equal to $10,000,000, the Class A-1 Notes will be redeemed in an amount equal to such amount on deposit in the Delayed Delivery Loan Funding Account.
There will be no material changes made to either Schedule A or Schedule B to this Agreement (with respect to the Initial Financed Student Loans or the Subsequent Pool Student Loans) prior to the Special Determination Date without the acknowledgement of the Rating Agencies that such material change will not affect the ratings assigned to any Class of the Notes (without regard to the Securities Guaranty Insurance Policy).
There will be no material changes made to either Schedule A or Schedule B to this Agreement (with respect to the Initial Financed Student Loans or the Subsequent Pool Student Loans) prior to the Special Determination Date without the acknowledgement of the Rating Agencies that such material change will not affect the ratings assigned to any Class of the Notes or the Certificates.