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Trust Extension definition

Trust Extension shall have the meaning specified in subsection 12.1(a).
Trust Extension shall have the meaning specified in subsection 12.1(a). --------------- ------------------ "Trust Pay Out Event" shall have, with respect to each Series, the meaning ------------------- specified in Section 9.1. -----------
Trust Extension is defined in subsection 12.1(a). "Trust Pay Out Event" is defined in Section 9.1. "Trust Termination Date" means the earliest to occur of (a) unless a Trust Extension shall have occurred, the first Business Day after the Distribution Date with respect to any Series following the date on which funds shall have been deposited in the Distribution Account or the applicable Series Account for the payment of Investor Holders of each Series then issued and outstanding sufficient to pay in full such Certificates, (b) if a Trust Extension shall have occurred, the Extended Trust Termination Date and (c) a day which is 21 years less one day after the death of the officers and the last survivor of all the lineal descendants of every officer of Trustee who are living on the date hereof; provided, however, that if at any time any rights, privileges or options under the Trust shall be or become valid under applicable law for a period subsequent to the 21st anniversary of the death of such last survivor or without limiting the generality of the foregoing, if legislation shall become effective providing for the validity or permitting the effective grant of such rights, privileges and options for a period in gross, exceeding the period for which such rights, privileges and options are stated to extend and be valid pursuant to this clause (c)), then such rights, privileges or options shall not terminate as otherwise provided in this clause (c) but, subject to the occurrence of the Trust Termination Date pursuant to clause (a) or clause (b) above, shall extend to and continue in effect, but only if such nontermination and extension shall then be valid under applicable law, until one day prior to such time as the same shall, under applicable law, cease to be valid. "Trustee" means ___________________, a [[_____________] banking corporation], and its successors and any corporation resulting from or surviving any consolidation or merger to which it or its successors may be a party and any successor trustee appointed as herein provided. "UCC" means the Uniform Commercial Code as in effect in any specified jurisdiction. "Undivided Interest" means the undivided interest in the Trust evidenced by an Investor Certificate. "Variable Interest" means either of (a) any Investor Certificate that is designated as a variable funding certificate in the related Supplement and (b) any purchased interest sold as permitted by subsection 6.9(d). "Zero Balance Account" means, as of any date of de...

Examples of Trust Extension in a sentence

  • The Servicer and the Holder of the Exchangeable Transferor Certificate may, on any date following the Trust Extension, so long as no Series of Certificates is outstanding, deliver a notice in writing to the Trustee changing the Extended Trust Termination Date.

  • The Servicer and the Holder of the Transferor Certificate may, on any date following the Trust Extension, so long as no Series of Certificates is outstanding, deliver a notice in writing to the Trustee changing the Extended Trust Termination Date.

  • The Servicer and the Holder of the Seller Certificate may, on any date following the Trust Extension, so long as no Series of Certificates is outstanding, deliver a notice in writing to the Trustee changing the Extended Trust Termination Date.

  • The Servicer and the Holder of the Transferor Certificate may, on any date following the Trust Extension, so long as no Series of Certificates is outstanding, deliver a notice in writing to the Trustee and each Credit Enhancement Provider changing the Extended Trust Termination Date.

  • The Transferor and the Holder of the Transferor Certificate may, on any date following the Trust Extension, so long as no Series of Certificates is outstanding, deliver a notice in writing to the Trustee changing the Extended Trust Termination Date.

  • The Servicer and the Holder of the Exchangeable Transferor Security may, on any date following the Trust Extension, so long as no Series of Securities is outstanding, deliver a notice in writing to the Trustee changing the Extended Trust Termination Date.

  • At the option of the Payee, at any time on or prior to the Maturity Date, any amounts outstanding under this Note (or any portion thereof), up to $1,500,000 of Working Capital Loans, in the aggregate and subject to availability, and up to $6,900,000 of Trust Extension Loans, in the aggregate and subject to availability, may be converted into warrants to purchase Class A ordinary shares of the Maker at a conversion price (the “Conversion Price”) equal to $1.00 per warrant (the “Warrants”).

  • At the option of the Payee, at any time on or prior to the Maturity Date, any amounts outstanding under this Note (or any portion thereof), up to $1,500,000 of Working Capital Loans, in the aggregate and subject to availability, and up to $6,900,000 of Trust Extension Loans, in the aggregate and subject to availability, may be converted into warrants to purchase Class A ordinary shares of the Maker at a conversion price (the “Conversion Price”), equal to $1.00 per warrant (“Warrants”).

  • The Transferor and the Holder of the Exchangeable Transferor Security may, on any date following the Trust Extension, so long as no Series of Securities is outstanding, deliver a notice in writing to the Trustee and the Servicer changing the Extended Trust Termination Date.

  • Approval of each of the Charter Extension and Trust Extension proposals requires the affirmative vote of at least 65% of the outstanding shares of Class A Common Stock and Class F common stock, par value $0.0001 per share, of the Company (“Founder Shares” or “Class F Common Stock” and, together with the Class A Common Stock, the “Common Stock”), entitled to vote thereon at the special meeting, voting together as a single class.


More Definitions of Trust Extension

Trust Extension means a written notice sent to the Trustee by the Servicer and the Seller to extend the lien of the Indenture beyond the date specified in clause (B) of Section 12.1, which shall be delivered no later than five (5) Business days preceding such termination date.
Trust Extension shall have the meaning specified in Section 12.01(a).
Trust Extension shall have the meaning specified in subsection 12.1(a). "Trust Pay Out Event" shall have, with respect to each Series, the meaning specified in Section 9.1. "Trust Property" shall have the meaning specified in Section 2.1. "Trust Termination Date" shall mean the earliest to occur of (i) unless a Trust Extension shall have occurred, the day after the Distribution Date with respect to any Series following the date on which funds shall have been deposited in the Distribution Account or the applicable Series Account for the payment of Investor Securityholders of each Series then issued and outstanding sufficient to pay in full the Aggregate Invested Amount plus interest accrued at the applicable Security Rate through the end of the day prior to the Distribution Date with respect to each such Series and certain other amounts as may be specified in any Series Supplement, (ii) if a Trust Extension shall have occurred, the Extended Trust Termination Date, and (iii) the date specified in subsection 12.1(a). "Trustee" shall mean The Bank of New York (Delaware), a banking corporation organized and existing under the laws of Delaware, and its successors and any Person resulting from or surviving any consolidation or merger to which it or its successors may be a party and any successor trustee appointed as herein provided. "UCC" shall mean the Uniform Commercial Code, as amended from time to time, as in effect in the applicable jurisdiction. "Undivided Interest" shall mean the undivided interest in the Trust evidenced by an Investor Security. "Variable Funding Securities" shall mean a Series of Investor Securities, issued pursuant to Section 6.9 and a Variable Funding Supplement, in one or more Classes. "Variable Funding Supplement" shall mean a Supplement executed in connection with the issuance of Variable Funding Securities.

Related to Trust Extension

  • First Extension Period means the period of one (1) Contract Year commencing immediately after the conclusion of the Initial Exploration Period.

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Credit Extension means each of the following: (a) a Borrowing and (b) an L/C Credit Extension.

  • Credit Extension Date means the Borrowing Date for an Advance or the issuance date for a Facility LC.

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any Incremental Commitments which shall be consistent with the applicable provisions of this Agreement relating to such Incremental Commitments and otherwise reasonably satisfactory to the Administrative Agent and the Borrower.

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Request for Credit Extension means (a) with respect to a Borrowing, conversion or continuation of Committed Loans, a Committed Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice.

  • Request for Extension of Credit means a written request substantially in the form of Exhibit A duly completed and signed by a Responsible Officer, or a telephonic request followed by such a written request, in each case delivered to Administrative Agent by Requisite Notice. In the case of a request for a new or amended Letter of Credit, the written Letter of Credit Application shall be deemed to be the Request for Extension of Credit.

  • First Extended Maturity Date has the meaning specified in Section 2.15(a).

  • Extension of Credit means, as to any Lender, the making of a Loan by such Lender or the issuance of, or participation in, a Letter of Credit by such Lender.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • First Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Credit Event UPB With respect to any Credit Event Reference Obligation, the unpaid principal balance thereof as of the end of the Reporting Period related to the Payment Date that it became a Credit Event Reference Obligation.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Credit Event Notice means an irrevocable notice from the Issuer or the Swap Counterparty, as the case may be, to the other party (in the form and delivered in the manner described in the Default Swap) that describes a Credit Event that occurred on or after the Effective Date of the Default Swap.

  • Second Extension Period means the period of one (1) Contract Year commencing immediately after the end of the First Extension Period.

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • REO Extension As defined in Section 3.16(a).

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Second Extended Maturity Date has the meaning set forth in Section 2.10.

  • Liquidity Termination Date means the earlier to occur of the following:

  • Springing Maturity Date has the meaning specified in the definition of “Maturity Date”.

  • Initial Advance means the first Advance made pursuant to Article II.

  • Maturity Date Extension Request means a request by the Borrower, in the form of Exhibit G hereto or such other form as shall be approved by the Administrative Agent, for the extension of the Maturity Date pursuant to Section 2.20.