Examples of Class A Scheduled Payment Date in a sentence
Amounts in the Principal Funding Account will be paid to the Class A Certificateholders on the Class A Scheduled Payment Date.
If the aggregate principal amount of deposits made to the Principal Funding Account are insufficient to pay in full the Class A Invested Amount on the Class A Scheduled Payment Date the Rapid Amortization Period will commence and on each Distribution Date thereafter until the Class A Invested Amount is paid in full, the Class A Certificateholders will receive distributions of Class A Monthly Principal and Class A Monthly Interest.
On each Payment Date, beginning with the earlier of the Class A Scheduled Payment Date and the Note Principal Due Date, the amount deposited in the Note Distribution Account pursuant to subsection 2.7(a)(iv) on the related Transfer Date shall be paid by the Paying Agent to the Class A Noteholders in respect of principal of the Class A Notes.
On the earlier to occur of the first Transfer Date with respect to the Rapid Amortization Period or the Transfer Date immediately preceding the Class A Scheduled Payment Date, the Servicer shall instruct the Trustee to withdraw, and the Trustee shall withdraw from the Principal Funding Account and deposit in the Distribution Account the amount on deposit in the Principal Funding Account.
On the Class A Scheduled Payment Date (or, if applicable, such Distribution Date in respect of the Early Amortization Period), the Paying Agent shall pay in accordance with Section 5.1 to the Class A Certificateholders from the Distribution Account such amount deposited into the Distribution Account on the related Transfer Date.