Class A Accumulation Period definition

Class A Accumulation Period means, unless a Pay Out Event shall --------------------------- have occurred prior thereto, the period commencing at the close of business on the last day of the July 2006 Monthly Period or such later date as is determined in accordance with Section 4.03(f) and ending on the first to occur of (a) the commencement of the Early Amortization Period, (b) the payment in full to Class A Certificateholders of the Class A Invested Amount or (c) the Termination Date.
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Class A Accumulation Period means, unless a Pay Out Event or a Principal Payment Event shall have occurred prior thereto, the period commencing at the close of business on the Class A Accumulation Period Commencement Date or such later date as is determined in accordance with Section 4.03(g) and ending on the first to occur of (a) the commencement of the Early Amortization Period, (b) the payment in full to Class A Certificateholders of the Class A Invested Amount, (c) the commencement of the Principal Payment Period or (d) the Termination Date.
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Class A Accumulation Period means, unless a Pay Out Event shall have occurred prior thereto, the period commencing at the close of business on [_____________] [or such later date as is determined in accordance with Section 4.03(e)] and ending on the first to occur of (a) the commencement of the Rapid Amortization Period or (b) the payment in full to Class A Certificateholders of the Class A Invested Amount.]
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Examples of Class A Accumulation Period in a sentence

  • Any notice by the Servicer electing to modify the commencement of the Class A Accumulation Period pursuant to this Section 4.14 shall specify (i) the Class A Accumulation Period Length, (ii) the commencement date of the Class A Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Class A Accumulation Period.

  • Determination of Monthly Principal; Series 1998-1 Accounts; Class A Accumulation Period............

  • Series 1998-1 ------------------------------------------------- Accounts; Class A Accumulation Period.

  • XI AMORTIZATION --------------------------------------------------------------------------------------------------------------------- (a) Class A Accumulation Period Length (months) 12 (b) Controlled Accumulation Amount $ 33,333,333.34 (c) Deficit Controlled Accumulation Amount $ - (d) Total Principal on deposit in Principal Funding Account for the benefit of Class $ - A Certificateholders (end of month) RETAILERS NATIONAL BANK, AS SERVICER BY: /s/ Terrence J.

  • This Agreement shall terminate on the first to occur of (a) the Effective Time or (b) the termination of the Merger Agreement, provided that the provisions of Section 11 hereof shall survive any such termination.

  • Table 1 provides a good illustration of this logic, where the largest and most valued traffics have less dependent on the local economy, notably for Le Havre, Paris' main gateway and France's largest container port.

  • XI AMORTIZATION --------------------------------------------------------------------------------------------------- (a) Class A Accumulation Period Length (months) 3 (b) Controlled Accumulation Amount $ 133,333,333.34 (c) Deficit Controlled Accumulation Amount $ - (d) Total Principal on deposit in Principal Funding Account for the benefit of Class $ - A Certificateholders RETAILERS NATIONAL BANK, AS SERVICER BY: /s/ Thomas A.

  • If for 2 one or more months during the Class A Accumulation Period there are not sufficient funds to pay the Controlled Deposit Amount, then to the extent that excess funds are not available on subsequent Distribution Dates with respect to the Class A Accumulation Period to make up for such shortfalls, the final payment of principal of the Class A Certificates will occur later than the Class A Expected Final Payment Date.

  • If for one or more months during the Class A Accumulation Period there are not sufficient funds to pay the Class A Controlled Accumulation Amount, then to the extent that excess funds are not available on subsequent Distribution Dates with respect to the Class A Accumulation Period to make up for such shortfalls, the final payment of principal of the Class A Certificates will occur later than the November 2003 Distribution Date.

  • AMORTIZATION ----------------------------------------------------------------------------------------------- (a) Class A Accumulation Period Length (months)..........................

Related to Class A Accumulation Period

  • Return Accumulation Period means the period from (and including) a Periodic Distribution Date (or, in the case of the first Return Accumulation Period, the Issue Date) to (but excluding) the next (or, in the case of the first Return Accumulation Period, the first) Periodic Distribution Date;

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Accumulation Period has the meaning set forth in the Indenture Supplement.

  • Controlled Accumulation Period Factor means, for each Monthly Period, a fraction, the numerator of which is equal to the sum of the series invested amounts as of the last day of the prior Monthly Period of all outstanding Series, and the denominator of which is equal to the sum (without duplication) of (a) the Series Invested Amount as of the last day of the prior Monthly Period, (b) the series invested amounts as of the last day of the prior Monthly Period of all outstanding Series (other than Series 1997-1) that are not expected to be in their revolving periods, and (c) the series invested amounts as of the last day of the prior Monthly Period of all other outstanding Series that are not Principal Sharing Series and are in their revolving periods.

  • Controlled Accumulation Period means, unless a Pay-Out Event shall have occurred prior thereto, the period commencing at the close of business on the last day of the August 2020 Monthly Period or such later date as is determined in accordance with subsection 4.03(c) and ending on the first to occur of (a) the commencement of the Early Amortization Period, (b) the payment in full of the Invested Amount and (c) the Expected Final Payment Date.

  • Accumulation Reserve Funding Period shall not apply if the Calculation Agent on behalf of the Issuer notifies the Indenture Trustee that it expects the Accumulation Period Length to be adjusted to one (1) month, and otherwise shall mean a period commencing on the first Distribution Date on which a condition in the right column of the following table was in effect on the immediately preceding Distribution Date, if the Distribution Date is a Distribution Date described in the corresponding left column of the following table, and ending on the Distribution Date immediately preceding the earlier to occur of:

  • Accumulation Amount means $83,333,333.34; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Amount shall be determined in accordance with the definition of “Accumulation Amount” in the Indenture Supplement.

  • Accumulation Period Factor means, for any Collection Period, a fraction with:

  • Controlled Accumulation Amount means $104,166,667; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Controlled Accumulation Amount shall be the amount specified in the definition of “Controlled Accumulation Amount” in the Indenture Supplement.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Deficit Controlled Accumulation Amount means (a) on the first Distribution Date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Accumulation Amount for such Distribution Date over the amount deposited in the Principal Funding Account on such Distribution Date and (b) on each subsequent Distribution Date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount for such subsequent Distribution Date over the amount deposited in the Principal Funding Account on such subsequent Distribution Date.

  • Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.

  • 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.

  • Class A-4 Final Scheduled Distribution Date means December 16, 2024.

  • Class A-1 Final Scheduled Distribution Date means the Distribution Date.

  • Funding Period means the period beginning on the Closing Date and ending on the first to occur of (a) the Distribution Date on which the amount on deposit in the Pre-Funding Account (after giving effect to any transfers therefrom in connection with the transfer of Subsequent Contracts to the Trust on such Distribution Date) is less than $150,000, (b) the date on which an Event of Termination occurs, (c) the date on which an Insolvency Event occurs with respect to the Trust Depositor and (d) the close of business on the date which is 90 days from and including the Closing Date.

  • Class A-2 Final Scheduled Distribution Date means the Distribution Date.

  • Class A-3 Final Scheduled Distribution Date means January 15, 2021.

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2022-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • Class A-1 Final Distribution Date has the meaning set forth in the Sale and Servicing Agreement.

  • Class A-P Principal Distribution Amount As defined in Section 4.02.

  • Class A-2 Final Distribution Date has the meaning set forth in the Sale and Servicing Agreement.

  • Class A-4 Final Distribution Date means the July 15, 2020 Distribution Date.

  • Class A-3 Final Distribution Date means the March 15, 2024 Distribution Date.

  • Class A Non-PO Principal Distribution Amount As to any Distribution Date, the aggregate amount distributed in respect of the Class A Certificates pursuant to Paragraph third clause (A) of Section 4.01(a).

  • Class A Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the aggregate Class Certificate Balances of the Class A Certificates immediately prior to such Distribution Date over (ii) the lesser of (A) 59.00% of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date and (B) the excess, if any, of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over $11,334,248.