Class D Certificateholders definition

Class D Certificateholders. Interest Carryover Shortfall" shall mean, with respect to any Distribution Date, the excess of the sum of the Class D Certificateholders' Monthly Accrued Interest for the preceding Distribution Date and any outstanding Class D Certificateholders' Interest Carryover Shortfall from the close of business on such preceding Distribution Date, over the amount in respect of interest that is actually paid to Class D Certificateholders on such preceding Distribution Date, plus thirty (30) days of interest on such excess, to the extent permitted by law, at the Class D Rate.

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Class D Certificateholders. Monthly Accrued Interest" shall mean, with respect to any Distribution Date, thirty (30) days of interest (or, in the case of the first Distribution Date, interest accrued from and including the Closing Date to but excluding such Distribution Date) at the Class D Rate on the Certificate Balance of the Class D Certificates on the immediately preceding Distribution Date or the Closing Date, as the case may be, after giving effect to all distributions allocable to the reduction of the Certificate Balance of the Class D Certificates made on or prior to such preceding Distribution Date.

Class D Certificateholders. Monthly Accrued Interest" shall mean, with respect to any Payment Date, thirty (30) days of interest (or, in the case of the first Payment Date, interest accrued from and including the Closing Date to but excluding such Payment Date) at the Class D Rate on the Certificate Balance of the Class D Certificates on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all distributions allocable to the reduction of the Certificate Balance of the Class D Certificates made on or prior to such preceding Payment Date.

Examples of Class D Certificateholders in a sentence

• Notwithstanding anything to the contrary herein, Class D Additional Interest shall be payable or distributed to Class D Certificateholders only to the extent permitted by applicable law.

• No principal will be payable to the Class B Certificateholders, Class C Certificateholders or Class D Certificateholders (other than with respect to Class D Excess Amounts) until all principal payments have been made to the Class A Certificateholders.

• No principal will be payable to the Class D Certificateholders until all principal payments have first been made to the Class A Certificateholders, Class B Certificateholders and Class C Certificateholders.

• Notwithstanding anything to the contrary herein, the portion of Carryover Class D Interest that constitutes Class D Additional Interest shall be payable or distributable to Class D Certificateholders only to the extent permitted by applicable law.

• No principal payments will be made to the Class C Certificateholders or Class D Certificateholders (other than with respect to Class D Excess Amounts) until the Distribution Date either on or following the Distribution Date on which the Class B Invested Amount has been paid in full.

• No principal will be payable to the Class D Certificateholders (other than with respect to Class D Excess Amounts) until the earlier of the Expected Final Payment Date and, upon the occurrence of a Pay Out Event, the Distribution Date following the Monthly Period in which the Pay Out Event occurs but in no event earlier than the Distribution Date either on or following the Distribution Date on which Class A Invested Amount, Class B Invested Amount and the Class C Invested Amount have been paid in full.

• The Class D Certificates of the 1999-1 Series and all other Series of Class D Certificates issued under the Trust Agreement are generally payable out of the Trust Estate pari passu among such Class D Certificateholders equally and ratably without prejudice, priority or distinction between any Class D Certificate by reason of time of issue or otherwise.

• Notwithstanding anything to the contrary herein, Class D Additional Interest shall be payable or distributed to the Class D Certificateholders only to the extent permitted by applicable law.

• On the Determination Date preceding each Distribution Date, the Servicer shall determine an amount (the "Class D Interest Shortfall") equal to the excess, if any, of (x)the aggregate Class D Monthly Interest for the Interest Accrual Period applicable to the Distribution Date OVER (y)the amount available to be paid to the Class D Certificateholders in respect of interest on such Distribution Date.

• This Certificate is one of a series of Certificates entitled "Charming Shoppes Master Trust, Floating Rate Asset Backed Certificates, Series 1999-1, Class D Certificates" (the "Class D Certificates"), each of which represents an Undivided Interest in the Trust, including the right to receive the Collections and other amounts at the times and in the amounts specified in the Pooling and Servicing Agreement to be deposited in the Collection Account or paid to the Class D Certificateholders.

More Definitions of Class D Certificateholders

Class D Certificateholders means any Person in whose name a Class D Certificate is registered in the Certificate Register.

Class D Certificateholders. Has the meaning specified in Section 4.01(a)(iii) of this Trust Supplement.

Class D Certificateholders. Monthly Accrued Interest" shall mean, with respect to any Distribution Date, thirty (30) days of interest (or, in the case of the first Distribution Date, interest accrued from and

Class D Certificateholders. Class D Trust", and "Class D Trustee", as used in this Section 4.01 and in Section 9.01(16) of the Basic Agreement (as amended by this Trust Supplement), will be deemed to mean the "New Class D Certificates", the Holders of the New Class D Certificates, the trust issuing the New Class D Certificates, and the trustee for the New Class D Certificates, respectively.