Amortization Commencement Day definition

Amortization Commencement Day means the day specified as such in a written notice delivered pursuant to Section 8.2(1) or the day on which an Amortization Event occurs as set forth in Section 8.2(2), if the Amortization Event is not waived in the circumstances contemplated in Section 8.2(2);
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Amortization Commencement Day means, with respect to a Series, the earlier to occur of (a) the day specified as such in the related Series Purchase Agreement, and
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Amortization Commencement Day means, (i) in respect of a Series, the earlier to occur of (x) the day specified as such in the related Series Purchase Agreement; and (y) the day on which funds are required to be deposited into the Collection Account as the purchase price of the Ownership Interests of such Series; and (ii) in respect of a Series held by the Trust, has the meaning ascribed thereto under “Remittances — Amortization Period” at page 33.
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Examples of Amortization Commencement Day in a sentence

  • The Accumulation Period will end on the earliest of (a) the first Distribution Day on which the Invested Amount with respect to the Series 202●-● Ownership Interest is reduced to zero, (b) the Amortization Commencement Day, if applicable, for the Series 202●-● Ownership Interest, and (c) the Prescription Date.

  • The Amortization Period will commence on the Amortization Commencement Day.


More Definitions of Amortization Commencement Day

Amortization Commencement Day means, in respect of a Series, the day that an Amortization Period with respect to such Series commences pursuant to the related Series Purchase Agreement as described under “Series of Ownership Interests – Amortization Events in Respect of a Series of Ownership Interests”;
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Amortization Commencement Day means, in respect of the Series 2023-2 Ownership Interest, in addition to any day specified in the Pooling and Servicing Agreement, the earlier of:
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Related to Amortization Commencement Day

  • Amortization Period means, with respect to any Series, or any Class within a Series, a period following the Revolving Period during which principal is distributed to Investor Certificateholders, which shall be the controlled amortization period, the principal amortization period, the rapid amortization period, or other amortization period, in each case as defined with respect to such Series in the related Supplement.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2009-VFN Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Interest Commencement Date means the Issue Date of the Notes or such other date as may be specified as the Interest Commencement Date in the relevant Final Terms;