Certificate Distributable Amount definition

Certificate Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Interest Distributable Amount and the Certificate Principal Distributable Amount for such Payment Date.
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Certificate Distributable Amount means, with respect to any Distribution Date, the sum of the Certificate Principal Distributable Amount and the Certificate Interest Distributable Amount for such Distribution Date.
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Certificate Distributable Amount means the aggregate amount of the Excess Spread Amount distributed to Certificateholders pursuant to Section 5.06(c).
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Examples of Certificate Distributable Amount in a sentence

  • Notwithstanding the foregoing, the Servicer or any successor to the Servicer shall not be permitted to exercise such option if the amount to be distributed to Securityholders on the related Payment Date would be less than the Note Distributable Amount and Certificate Distributable Amount.

  • Upon receipt of the Policy Claim Amount, the Indenture Trustee shall distribute such Policy Claim Amount as part of the Note Distributable Amount under this Indenture to the extent such Policy Claim Amount relates to the Notes and as part of the Certificate Distributable Amount under the Sale and Servicing Agreement to the extent such Policy Claim Amount relates to the Certificates.

  • Notwithstanding the foregoing, the Transferor, the Servicer or any successor to the Servicer shall not be permitted to exercise such option if the amount to be distributed to Securityholders on the related Distribution Date would be less than the Note Distributable Amount and Certificate Distributable Amount.

  • This Agreement shall terminate (after distribution of any Note Distributable Amount and Certificate Distributable Amount due pursuant to Section 7.05 of the Sale and Servicing Agreement) on the Distribution Date on which the principal balance of the Class A-1 Notes, Class A-2 Notes and the Certificates is reduced to zero; PROVIDED, that Seller's representations and warranties and indemnities by Seller shall survive termination.

  • This Agreement shall terminate (after distribution of any Note Distributable Amount and Certificate Distributable Amount due pursuant to SECTION 7.04 of the Sale and Servicing Agreement) on the Payment Date on which the principal balance of the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class B Notes and the Certificate Balance is reduced to zero; PROVIDED, that the Seller's representations and warranties and indemnities by the Seller shall survive termination.

  • Full and complete payment of the Certificate Distributable Amount on each Distribution Date is unconditionally and irrevocably guaranteed pursuant to the Certificate Policy.

  • This Agreement shall terminate (after distribution of any Note Distributable Amount and Certificate Distributable Amount due pursuant to SECTION 7.03 of the Sale and Servicing Agreement) on the Payment Date on which the principal balance of the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes and Class B Notes and the Certificate Balance is reduced to zero; PROVIDED, that the Seller's representations and warranties and indemnities by the Seller shall survive termination.

  • WFS Investments, Inc., WFS Receivables Corporation or any of their respective affiliates, and is not a deposit and is not insured by the Federal Deposit Insurance Corporation.) Full and complete payment of the Certificate Distributable Amount on each Distribution Date is unconditionally and irrevocably guaranteed pursuant to the Certificate Policy.

  • The Certificates are entitled to the benefits of a financial guaranty insurance policy (the "Insurance Policy") issued by (the "Insurer"), pursuant to which the Insurer has unconditionally guaranteed the timely payment of the Certificate Distributable Amount on each Distribution Date, all as more fully set forth in the Trust Agreement.

  • This Agreement shall terminate (after distribution of any Note Distributable Amount and Certificate Distributable Amount due pursuant to Section 7.05 of the Sale and Servicing Agreement) on the Distribution Date on which the principal balance of the Notes and the Certificate Balance is reduced to zero; PROVIDED, that Seller's representations and warranties and indemnities by Seller shall survive termination.


More Definitions of Certificate Distributable Amount

Certificate Distributable Amount. On any Distribution Date, the sum of the Certificate Principal Distributable Amount and the Certificate Interest Distributable Amount.
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Related to Certificate Distributable Amount

  • Certificate Principal Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Principal Distributable Amount for each Payment Date and any outstanding Certificate Principal Carryover Shortfall as of the close of the immediately preceding Payment Date; provided, however, that the Certificate Principal Distributable Amount shall not exceed the Certificate Balance. In addition, on the Payment Date as of which all of the Receivables are to be purchased pursuant to Section 8.01 of the Sale and Servicing Agreement, the principal required to be deposited into the Certificate Distribution Account will include the amount necessary to reduce the Certificate Balance to zero.

  • Certificate Interest Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Interest Distributable Amount for such Payment Date and the Certificate Interest Carryover Shortfall for such Payment Date.

  • Note Distributable Amount means, with respect to any Payment Date, the sum of the Note Interest Distributable Amount and the Note Principal Distributable Amount for such Payment Date.

  • Certificate Monthly Principal Distributable Amount means, with respect to any Payment Date, the Certificate Percentage of the Principal Distributable Amount for such Payment Date.