Class D Notes Clause Samples
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Class D Notes. On each Determination Date, subject to SECTION 3.14 of this Series Supplement, provided that all payments on account of interest that are required to be made to the Class A Noteholders, the Class B Noteholders and the Class C Noteholders are available in the Series 2002-2 Distribution Account (including, without limitation, all accrued interest, all interest accrued on such accrued interest and any Class A Deficiency Amounts, any Class B Deficiency Amounts and any Class C Deficiency Amounts), the Servicer shall instruct the Trustee and the Paying Agent in writing as to the amount to be withdrawn and paid pursuant to SECTION 3.4(D) of this Series Supplement from the Series 2002-2 Accrued Interest Account to the extent funds are anticipated to be available from Group IV Interest Collections allocable to the Series 2002-2 Notes processed from but not including the preceding Distribution Date through the succeeding Distribution Date and all amounts received by the Trustee in respect of the Series 2002-2 Interest Rate Cap, in respect of (x) first, an amount equal to the Class D Monthly Interest for the Series 2002-2 Interest Period ending on the day preceding such succeeding Distribution Date and (y) second, an amount equal to the amount of any unpaid Class D Deficiency Amount, as of the preceding Distribution Date (together with accrued interest on such Class D Deficiency Amount). On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this SECTION 3.3(B)(IV) from the Series 2002-2 Accrued Interest Account and deposit such amounts in the Series 2002-2 Distribution Account.
Class D Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2023-6 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2023-6 Distribution Account pursuant to Section 2.3(f)(ii), 2.5(b), (c), (d) or (e) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class D Noteholder from the Series 2023-6 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c), (d) or (e) less the aggregate amount applied to make the payments required pursuant to Section 2.5(f)(i), Section 2.5(f)(ii) and Section 2.5(f)(iii), to the extent necessary to pay the Class D Controlled Distribution Amount during the Series 2023-6 Controlled Amortization Period or to the extent necessary to pay the Class D Invested Amount during the Series 2023-6 Rapid Amortization Period.
Class D Notes. The 4.99% Asset Backed Notes, Class D in the initial aggregate principal balance of $14,490,000 issued pursuant to the Indenture.
Class D Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2025-2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2025-2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class D Noteholder from the Series 2025-2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), Section 2.5(e)(ii) and Section 2.5(e)(iii), to the extent necessary to pay the Class D Controlled Distribution Amount during the Series 2025-2 Controlled Amortization Period or to the extent necessary to pay the Class D Invested Amount during the Series 2025-2 Rapid Amortization Period.
Class D Notes. In respect of the Class D Notes subject to sub-paragraph (vi):
(a) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the holders of the Class D Notes of one Series only shall be deemed to have been duly passed if passed at a meeting of the holders of the Class D Notes of that Series;
(b) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the holders of the Class D Notes of any two or more Series but does not give rise to a conflict of interest between the holders of such two or more Series of Class D Notes, shall be deemed to have been duly passed if passed at a single meeting of the holders of such two or more series of Class D Notes; and
(c) a resolution which, in the sole opinion of the Note Trustee, affects the interests of the holders of the Class D Notes of any two or more Series and gives or may give rise to a conflict of interest between the holders of such two or more Series of Class D Notes, shall be deemed to have been duly passed only if, in lieu of being passed at a single meeting of the holders of such two or more Series of Class D Notes, it shall be passed at separate meetings of the holders of such two or more Series of Class D Notes.
Class D Notes. The redemption price for the Class D Notes will be calculated on the related Determination Date and will equal the Aggregate Outstanding Amount of the Class D Notes (including any Class D Deferred Interest) to be redeemed, together with the Class D Interest Distribution Amount (plus any Class D Defaulted Interest Amount) due on the applicable Redemption Date;
Class D Notes. On the terms and conditions set forth in this Series 2013-A Supplement, HVF II shall issue, and shall cause the Trustee to authenticate, the initial Class D Notes on the Series 2013-A Restatement Effective Date. Such Class D Notes for each Class D Investor Group shall:
A. bear a face amount as of the Series 2013-A Restatement Effective Date of up to the sum of (i) the Class D Maximum Investor Group Principal Amount with respect to such Class D Investor Group and (ii) the “Class D Maximum Investor Group Principal Amount” (under and as defined in the Series 2013-B Supplement) with respect to such Class D Investor Group (in its capacity as a “Class D Investor Group” under and as defined in the Series 2013-B Supplement),
B. have an initial principal amount equal to the Class D Initial Investor Group Principal Amount with respect to such Class D Investor Group, C. be dated the Series 2013-A Restatement Effective Date, D. be registered in the name of the respective Class D Funding Agent or its nominee, as agent for the related Class D Conduit Investor, if any, and the related Class D Committed Note Purchaser, or in such other name as the respective Class D Funding Agent may request,
Class D Notes. On each Payment Date, (i) to the extent that any Class D Monthly Interest Shortfall exists after the deposits required pursuant to Section 4.8(c) of this Supplement, and if and only if an Insolvency Period shall be continuing, the Master Servicer shall instruct the Trustee or Paying Agent to withdraw from funds on deposit in the Series 1999-1 Cash Liquidity Account an amount equal to the lesser of (A) the amount of such Class D Monthly Interest Shortfall and (B) the amount on deposit in the Series 1999-1 Cash Liquidity Account (after giving effect to any withdrawals therefrom required on such Payment Date by Sections 4.24(a), 4.8(f), 4.9(a)(i), 4.9(b)(i) and 4.9(c)(i)), and deposit such amount in the Class D Distribution Account to pay the Class D Interest Amount and any unpaid Class D Deficiency Amounts with respect to such Payment Date (together with accrued interest on all unpaid Class D Deficiency Amounts), (ii) to the extent any Class D Monthly Interest Shortfall exists after the deposits required pursuant to Section 4.8(d) and, if applicable, Section 4.9(d)(i) of this Supplement have been made, the Master Servicer shall instruct the Trustee or the Paying Agent to withdraw from funds on deposit in the Series 1999-1 Excess Funding Account an amount equal to the least of (A) the amount on deposit in the Series 1999-1 Excess Funding Account on such Payment Date (after application of any amounts pursuant to Sections 4.9(a), (b) and (c) of this Supplement), (B) the Series 1999-1 Available Subordinated Amount at such time (after application of any amounts pursuant to Sections 4.9(a), (b) and (c) of this Supplement), and (C) the amount of the Class D Monthly Interest Shortfall, and deposit such amount in the Class D Distribution Account to pay the Class D Interest Amount and any unpaid Class D Deficiency Amounts with respect to such Payment Date (together with accrued interest on all such unpaid Class D Deficiency Amounts) and (iii) to the extent any such Class D Monthly Interest Shortfall remains after the deposits required pursuant to Section 4.9(d)(i) (if applicable) and Section 4.9(d)(ii) of this Supplement have been made, if amounts have been drawn on the Series 1999-1 Letter of Credit and deposited into the Series 1999-1 Collection Account pursuant to Section 4.18 of this Supplement, the Master Servicer shall instruct the Trustee or the Paying Agent to withdraw from the Series 1999-1 Collection Account on such Payment Date the lesser of (A) the amount ...
Class D Notes. The Series 2002-2 Class D Notes issued pursuant to the Series 2002-2 Indenture.
Class D Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2002-2 Collection Account and, as applicable, the Series 2002-2 Excess Collection Account pursuant to SECTION 3.5(G) of this Series Supplement or amounts are deposited in the Series 2002-2 Distribution Account pursuant to SECTION 3.5(H) of this Series Supplement, the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay to each Class D Noteholder from the Series 2002-2 Distribution Account the amount deposited therein pursuant to SECTION 3.5(G) or (H) of this Series Supplement, to the extent necessary to pay the Class D Controlled Amortization Amount during the Class D Controlled Amortization Period, or to the extent necessary to pay the Class D Invested Amount during the Series 2002-2 Rapid Amortization Period or on the Class D Final Distribution Date.