Controlled Amortization Amount definition

Controlled Amortization Amount means for any Transfer Date with respect to the Controlled Amortization Period prior to the payment in full of the Note Principal Balance, an amount equal to (a) the Note Principal Balance as of the close of business on the last day of the Revolving Period divided by (b) twelve.
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Controlled Amortization Amount means $68,181,818; provided that after any Additional Issuance Date, or if the commencement of the Accumulation Period is postponed pursuant to Section 7.03, the Controlled Amortization Amount shall mean the amount to be specified on such Additional Issuance Date or on the date on which the Accumulation Period is postponed, as applicable; provided further, that if the commencement of the Accumulation Period is postponed pursuant to Section 7.03, the Controlled Amortization Amount for each Monthly Period shall be no greater than the Accumulation Period Amount for such Monthly Period and no less than the lesser of (a) the Accumulation Period Amount for such Monthly Period and (b) one-eleventh of the Class A Initial Invested Amount; provided, however, that the sum of the Controlled Amortization Amounts for all Monthly Periods during the postponed Accumulation Period shall not be less than the Class A Initial Invested Amount.
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Controlled Amortization Amount means, for any Distribution Date with respect to the Scheduled Amortization Period, the amount set forth for such Distribution Date on the "Schedule of Class A Controlled Amortization Amounts."
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Examples of Controlled Amortization Amount in a sentence

  • The Class Controlled Accumulation Amount or Class Controlled Amortization Amount, as applicable, for each Class of such Series shall be increased proportionally to reflect the additional amount of Class A, Class B and Class C Certificates for such Series represented by the Additional Certificates.

  • Any notice by the Servicer electing to postpone (or further postpone) the commencement of the Accumulation Period pursuant to this Section 7.03 shall specify (i) the Accumulation Period Length, (ii) the commencement date of the Accumulation Period and (iii) the Controlled Amortization Amount with respect to each Monthly Period.

  • An amount equal to all remaining amounts on deposit in the Collections Account, after all other withdrawals from such Account for any payment of any Class Controlled Amortization Amount or any Class Controlled Accumulation Amount for any Class of any Series in its Controlled Accumulation Period or Controlled Amortization Period, as applicable, shall be withdrawn from the Collections Account and paid to the Seller.

  • The Class C Controlled Amortization Amount shall be amended to read as follows: Unless a Rapid Amortization Event shall have occurred, $17,647,200.

  • If for one or more months during the Accumulation Period there are not sufficient funds to pay the Controlled Amortization Amount, then to the extent that excess funds are not available on subsequent Distribution Dates with respect to the 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.


More Definitions of Controlled Amortization Amount

Controlled Amortization Amount means an amount equal to the result of (a) the Invested Amount as of the Distribution Date preceding the Specified Accumulation Period Commencement Date divided by (b) the Accumulation Period Length.
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Controlled Amortization Amount means an amount equal to the Invested Amount as of the November 1999 Distribution Date (after giving effect to any changes therein on such date), divided by the Controlled Amortization Period Length.
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Controlled Amortization Amount means (a) for any Distribution Date with respect to the Class A Controlled Amortization Period, $[____________], (b) for any Distribution Date with respect to the Class B Controlled Amortization Period, $[___________] and (c) for any Distribution Date with respect to the Class C Controlled Amortization Period, $[___________].
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Controlled Amortization Amount for any Series shall have the meaning ------------------------------ specified in the related Supplement.
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Controlled Amortization Amount means the quotient obtained by dividing the Invested Amount as of the Accumulation Period Determination Date (after giving effect to
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Controlled Amortization Amount means, for each Remittance Date during the Series 2011-1 Controlled Amortization Period, $33,333,333.33.
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Controlled Amortization Amount means for any Distribution Date with respect to the Amortization Period prior to the payment in full of the Class A Investor Interest, the Class A Investor Interest as of the close of business on the last day of the Revolving Period divided by twelve.
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