Certificate Termination Date definition
Examples of Certificate Termination Date in a sentence
On the Class A-5 Certificate Termination Date, the lesser of (i) the excess of (x) the Principal Distribution Amount as of the Class A-5 Certificate Termination Date over (y) the Class A-5 Certificate Principal Balance on the Class A-5 Certificate Termination Date before making distributions on such date and (ii) the Class A-6 Certificate Principal Balance.
With respect to the Class A-6 Certificates for any Distribution Date following the Class A-5 Certificate Termination Date, the lesser of (x) the Principal Distribution Amount for such Distribution Date and (y) the Class A-6 Certificate Principal Balance as of such Distribution Date.
On the Class A-6 Certificate Termination Date any remaining portion of the Principal Distribution Amount shall be distributed with respect to the Class R Certificates.
On the third Business Day prior to each Distribution Date occurring on or prior to the later to occur of the Class A-1 Certificate Termination Date and the Class A-2 Certificate Termination Date, the Trustee shall determine, no later than 12:00 noon New York time on such date, whether an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date.
On the third Business Day prior to each Distribution Date occurring on or prior to the later to occur of the Class A-1 Certificate Termination Date, Class A-2 Certificate Termination Date, Class A-3 Certificate Termination Date and Class A-4 Certificate Termination Date, the Trustee shall determine, no later than 12:00 noon New York time on such date, whether an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date.