Step-Up Date definition

Step-Up Date. The first Distribution Date following the first Distribution Date on which the aggregate unpaid principal balance of the Mortgage Loans, and properties acquired in respect thereof, remaining in the Trust Fund has been reduced to less than or equal to 10% of the Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

Step-Up Date means the Payment Date in respect of an Issuer on which the interest rate on the Notes issued by such Issuer increases by a pre-determined amount following the payment made by such Issuer on such Payment Date, which date in respect of the First Issuer is the Payment Date occurring in January 2008, and, in relation to any New Issuer, has the meaning specified under the relevant Issuer Master Definitions Schedule;

Step-Up Date means [●] [the Interest Payment Date immediately following the earlier of the Notice Date or the [fifth] [●] Business Day after at the end of the Deadline].

Examples of Step-Up Date in a sentence

• STEP-UP If the Contract Value on any Step-Up Date is greater than the Benefit Base on that date, the Benefit Base will automatically Step-Up to an amount equal to the Contract Value on that Step-Up Date.

• If the Rider Fee Percentage would increase as a result of a Step-Up as described below in the "Rider Fee" provision, you will receive advance notice of the increase in the Rider Fee Percentage and be given the opportunity to decline the automatic Step-Up. If we increase the fee and you decline an automatic Step-Up, you will have the option to elect to Step-Up within 30 days following any subsequent Step-Up Date and this election will resume automatic Step-Ups.

• On any other Step-Up Date, the Step-Up Value is equal to the Contract Value on that Step-Up Date.

• After issue, the Step-Up Date is equal to the Contract Anniversary on which the Owner elects to step up the Roll-Up Component to the Contract Value.

• The latest available Step-Up Date will be the Contract Anniversary on or immediately following the Annuitant's 75th birthday.

More Definitions of Step-Up Date

Step-Up Date. The first Payment Date following the earlier of (i) the first Payment Date for which the Issuer can cause the redemption of the Bonds pursuant to Section 8.07 of the Indenture and (ii) the Payment Date in September 2012.

Step-Up Date means February 19, 2020.

Step-Up Date. The Payment Date occurring after the first Payment Date for which the aggregate Scheduled Principal Balance of the Mortgage Loans as of the end of the related Due Period has been reduced to 20% or less of the Cut-off Date Balance.

Step-Up Date means the first day of the next Interest Period following the date on which a Step Up Event occurs;

Step-Up Date. The second Payment Date immediately following the Payment Date on which the Master Servicer can purchase all or some of the Home Loans from the Trust pursuant to Section 8.08 of the Servicing Agreement.

Step-Up Date means, following the occurrence of a Step Up Event, the first day of the next following Interest Period;

Step-Up Date means in relation to any Step Up Event, the first day of the next Interest Period following the Step Up Event Notification Deadline.