Class A Funding Date definition

Class A Funding Date means the Business Day on which a Class A Loan occurs.
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Class A Funding Date means the Business Day on which a Class A Advance occurs.
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Examples of Class A Funding Date in a sentence

  • Such representations are made as of the date of this Agreement and as of each Class A Funding Date, and shall survive the issuance of the Class A Notes, the making of each Class A Advance and the grant of a security interest in the Receivables and the other Collateral related thereto to the Trustee for the benefit of the Note Purchasers and the Noteholders under the Indenture.

  • The Class A Note Purchaser shall promptly thereafter (but in no event later than 11:00 a.m. New York City time on the proposed Class A Funding Date) notify the Issuer whether the Class A Note Purchaser has determined to purchase the requested Class A Advance.

  • The Class A Notes (i) can be funded by Class A Advances on any Class A Funding Date in a minimum amount of $2,000,000 and any higher amount (subject to the Class A Maximum Invested Amount), and (ii) subject to subsequent Class A Advances pursuant to this SECTION 2.11(A), are subject to prepayment in whole or in part, at the option of the Issuer as provided in ARTICLE X herein.

  • On the Class A Funding Date specified in the Class A Advance Request, subject to the other conditions set forth herein and in the other Basic Documents, the Class A Note Purchaser shall pay the Class A Advance Amount for such Class A Advance to or at the direction of the Issuer, by wire transfer in U.S. dollars of such amount in same day funds to an account designated by the Issuer or its designee on the related Class A Funding Date.

  • Notwithstanding anything to the contrary in this Agreement, EMI shall not be deemed a Shareholder or (subject to the proviso in Section 5.01(b)(ii) of the LLC Agreement) have any rights under this Agreement, unless and until EMI has funded its Capital Contribution on or prior to the Management Class A Funding Date pursuant to Section 5.01(a)(iv) of the LLC Agreement.

  • On the Class A Funding Date specified in the Class A Advance Request, subject to the other conditions set forth herein and in the other Basic Documents, the Class A Note Purchaser shall pay the Class A Advance Amount for such Class A Advance to or at the direction of the Issuer, by wire transfer in U.S. dollars of such amount in same day funds to an account designated by the Issuer or its designee by no later than 4:00 p.m. (New York City time) on the related Class A Funding Date.

  • The Class A Notes (i) can be funded by Class A Advances on any Class A Funding Date in a minimum amount of $2,000,000 and any higher amount (subject to the Class A Maximum Invested Amount), and (ii) subject to subsequent Class A Advances pursuant to this SECTION 2.11(a), are subject to prepayment in whole or in part, at the option of the Issuer as provided in ARTICLE X herein.

Related to Class A Funding Date

  • Class C Note Initial Principal Balance means $18,948,000.

  • Class C Invested Amount means, as of a date, an amount (not less than zero) equal to (a) the initial Note Balance of the Class C Notes, minus (b) the aggregate amount of any principal payments made to the Noteholders of the Class C Notes before that date, minus (c) the cumulative amount of unreimbursed Investor Charge-Offs applied to reduce the Class C Invested Amount under Section 4.3 of the Indenture Supplement before that date, minus (d) the cumulative amount of unreimbursed Reallocated Principal Collections applied to reduce the Class C Invested Amount under Section 4.4 of the Indenture Supplement before that date.

  • Class A-2-A Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A Note Initial Principal Balance means $750,000,000.

  • Class D Invested Amount means, as of a date, an amount (not less than zero) equal to (a) the initial Note Balance of the Class D Notes, minus (b) the aggregate amount of any principal payments made to the Noteholders of the Class D Notes before that date, minus (c) the cumulative amount of unreimbursed Investor Charge-Offs applied to reduce the Class D Invested Amount under Section 4.3 of the Indenture Supplement before that date, minus (d) the cumulative amount of unreimbursed Reallocated Principal Collections applied to reduce the Class D Invested Amount under Section 4.4 of the Indenture Supplement before that date.

  • Class A-2 Maturity Date means [ ] (or, if such day is not a Business Day, the next succeeding Business Day thereafter).

  • Class A Invested Amount means, on any date of determination, an amount equal to (a) the Class A Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class A Certificateholders on or prior to such date, minus (c) the excess, if any, of (i) the aggregate amount of Class A Investor Charge-Offs for all prior Distribution Dates over (ii) Class A Investor Charge-Offs reimbursed pursuant to subsection 4.07(b) prior to such date.

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2027.

  • Class A-1 Maturity Date means [ ] (or, if such day is not a Business Day, the next preceding Business Day).

  • Initial Class A-1 Note Balance means $265,000,000.

  • Class A-3 Final Scheduled Payment Date means the Payment Date occurring in April 2027.

  • Class A-2-B Interest Rate means LIBOR + 0.27% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360 day year); provided, however, that for any Interest Period for which the sum of LIBOR + 0.27% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.

  • Class A Principal Percentage means, with respect to any Monthly Period (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the last day of the immediately preceding Monthly Period and the denominator of which is the Invested Amount as of such day and (ii) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated; provided, however, that with respect to the first Monthly Period, the Class A Principal Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class A Initial Invested Amount and denominator of which is the Initial Invested Amount.

  • Class A Deficiency Amount is defined in Section 4.1(a).