Examples of Cap Contract Termination Date in a sentence
On the Cap Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination remain in the Distribution Account, such amounts shall be distributed by the Trustee to the Seller.
If an early termination payment is received with respect to an Early Termination Date, the early termination payment will be deposited by the Cap Contract Administrator in the Cap Contract Account to cover future Cap Payment Entitlement on the Notes until the Cap Contract Termination Date and any remaining amount will be paid on that date to the Sponsor.
Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Distribution Account and deposited in the Carryover Reserve Fund as necessary to pay Net Rate Carryover for the Certificates as provided in Section 4.04(c) on Distribution Dates following such termination to and including the Cap Contract Termination Date.
Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Distribution Account to pay Net Rate Carryover for the Certificates as provided in Section 4.04(a) on Distribution Dates following such termination to and including the Cap Contract Termination Date.
If an early termination payment is received with respect to an Early Termination Date, the early termination payment will be deposited by the Cap Trustee in the Cap Contract Account to cover future Cap Payment Entitlement on the Class 2-A Notes until the Cap Contract Termination Date and any remaining amount will be paid on that date to the Sponsor.