Class B Controlled Amortization Period means the period commencing at the close of business on the Business Day immediately preceding the date on which the Class B Scheduled Expiry Date with respect to each Purchaser Group shall have occurred and continuing to the earliest of (i) the commencement of the Series 2010-6 Rapid Amortization Period, (ii) the date on which the Series 2010-6 Notes are fully paid and (iii) the termination of the Indenture.
Class B Controlled Amortization Period means the period commencing at the close of business on the Business Day immediately preceding the date on which the Class B Scheduled Expiry Date with respect to each Purchaser Group shall have occurred and continuing to the earliest of (i) the commencement of the Series 2015-3 Rapid Amortization Period, (ii) the date on which the Series 2015-3 Notes are fully paid and (iii) the termination of the Indenture.
Class B Controlled Amortization Period means the period commencing on the Class B Principal Commencement Date and ending on the first to occur thereafter of (a) the commencement of the Rapid Amortization Period, (b) the payment in full to the Class B Certificateholders of the Class B Invested Amount or (c) the Termination Date.]
Examples of Class B Controlled Amortization Period in a sentence
On each Distribution Date during the Class B Controlled Amortization Period, the Trustee shall withdraw, at the direction of the Servicer, the Class B Controlled Amortization Amount with respect to such Distribution Date from the Class B Principal Funding Account.
More Definitions of Class B Controlled Amortization Period
Class B Controlled Amortization Period means an amortization period commencing on the Distribution Date on which the Class A Ownership Interest has been paid in full and continuing through the earliest to occur of (i) the day before a Pay Out Commencement Date, (ii) the date on which the Class B Ownership Interest has been paid in full, (iii) the date of termination of the Trust pursuant to Section 12.01 of the Agreement or (iv) the Series 1998-1 Termination Date.
Class B Controlled Amortization Period means the period commencing on February 1, 2004 (or, if such day is not a Business Day, the Business Day last preceding such day) and ending on the earliest to occur of (i) the commencement of the Series 2001-3 Rapid Amortization Period, (ii) the date on which the Class B Notes are fully paid, (iii) the Series 2001-3 Termination Date, and (iv) the termination of the Indenture in accordance with its terms.
Class B Controlled Amortization Period means the period commencing at the opening of business on November 30, 2004 (or, if such day is not a Business Day, the Business Day immediately preceding such day) and continuing to the earliest of (i) the date on which the Class B Notes, together with all accrued interest thereon, are fully paid, (ii) the termination of this Series Supplement in accordance with its terms and (iii) the commencement of the Series 2002-2 Rapid Amortization Period.
Class B Controlled Amortization Period means the period commencing as of the close of business on May 1, 2002 (or, if such day is not a Business Day, the Business Day last preceding such day) and continuing to the earliest of (i) the commencement of the Series 1996-1 Rapid Amortization Period, (ii) the date on which the Class B Notes are fully paid, (iii) the Series 1996-1 Termination Date, and (iv) the termination of the Indenture.
Class B Controlled Amortization Period means the period from and including the Distribution Date in January 2008 to and including the Distribution Date in February 2008.
Class B Controlled Amortization Period means the period -------------------------------------- commencing on the Class B Principal Commencement Date and ending on the first to occur thereafter of (a) the commencement of the Rapid Amortization Period, (b) the payment in full to the Class B Certificateholders of the Class B Invested Amount or (c) the Termination Date.]
Class B Controlled Amortization Period means an amortization period commencing on the Payment Date on which the Class A Notes have been paid in full and continuing through the earliest to occur of (i) the day before a Pay Out Commencement Date, (ii) the date on which the Class B Notes have been paid in full, (iii) the date of the discharge of the lien of the Indenture pursuant to Section 12.1, and (iv) the Series [___] Termination Date.