Credit Support Depletion Date definition

Credit Support Depletion Date. The first Distribution Date on which the Certificate Principal Balances of the Subordinate Certificates have been reduced to zero.

Credit Support Depletion Date. The first Distribution Date on which the aggregate Class Principal Balance of the Class B Certificates has been or will be reduced to zero as a result of principal distributions thereon and the allocation of Realized Losses on such Distribution Date.

Credit Support Depletion Date. The first Distribution Date on which the Senior Percentage equals 100%.

Examples of Credit Support Depletion Date in a sentence

• For the avoidance of doubt, for Accepting Trusts for which the Credit Support Depletion Date shall have occurred prior to the allocation of the amount of the Allocable Share in accordance with the immediately preceding sentence, in no event shall the foregoing allocation be deemed to reverse the occurrence of the Credit Support Depletion Date in such Accepting Trusts.

• For the avoidance of doubt, for Covered Trusts for which the Senior Credit Support Depletion Date shall have occurred prior to the allocation of the amount of the Allocable Share in accordance with the immediately preceding sentence, in no event shall the foregoing allocation be deemed to reverse the occurrence of the Senior Credit Support Depletion Date in such Covered Trusts.

• The earlier to occur of (i) the Distribution Date on which the Class 3-A-4, Class 3-A-6, Class 3-A-8 and Class 3-A-9 Principal Balances have each been reduced to zero and (ii) the Credit Support Depletion Date.

• The earlier to occur of (i) the Distribution Date on which the Class 5-CB-4 and Class 5-CB-5 Principal Balances have each been reduced to zero and (ii) the Credit Support Depletion Date.

• The earlier to occur of (i) the Distribution Date on which the Class 3-A-2, Class 3-A-3, Class 3-A-4, Class 3-A-6, Class 3-A-8 and Class 3-A-9 Principal Balances have each been reduced to zero and (ii) the Credit Support Depletion Date.

More Definitions of Credit Support Depletion Date

Credit Support Depletion Date. The first Distribution Date on which the aggregate Outstanding Certificate Principal Balance of the Subordinated Certificates has been or will be reduced to zero.

Credit Support Depletion Date. The date on which the aggregate Class Principal Amount of the Subordinate Certificates has been reduced to zero.

Credit Support Depletion Date. With respect to the Group 2, Group 3, Group 4 and Class A-P Certificates, the first Distribution Date on which the aggregate Class Principal Balance of the Group C-B Certificates has been or will be reduced to zero.

Credit Support Depletion Date. The first Distribution Date on which the Certificate Principal Balances of the Subordinate Certificates have been reduced to zero. Credit Support Pledge Agreement: The Credit Support Pledge Agreement, dated as of November 24, 1998, among the Master Servicer, GMAC Mortgage Corporation, Combined Collateral LLC and The First National Bank of Chicago (now known as Bank One, National Association), as custodian.

Credit Support Depletion Date. The Distribution Date on which the Certificate Principal Balance of each of the Class M-1, Class M-2 and Class B Certificates has been reduced to zero.

Credit Support Depletion Date. With respect to the Mortgage Pool, the Distribution Date on which, giving effect to all distributions on such date, the aggregate Certificate Principal Amount of the Subordinate Certificates is reduced to zero.

Credit Support Depletion Date. The Distribution Date on which the aggregate Certificate Principal Balance of the Subordinate Certificates have been reduced to zero, prior to giving effect to principal distributions thereon and the allocation of Realized Losses on such Distribution Date.