Controlled Amortization Period definition

Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.

Controlled Amortization Period if applicable, shall have the meaning set forth in the Series Term Sheet. "Counterparty," if any, shall mean the counterparty under each Interest Rate Swap. "Coupon Cap Provider," if any, shall mean the entity listed as such in the Series Term Sheet, in its capacity as obligor under the Class Coupon Cap Agreement, or any successor thereto. "Coupon Floor Purchaser," if any, shall mean the entity listed as such in the Class Coupon Floor Agreement, or any successor thereto.

Controlled Amortization Period if applicable, shall have the meaning set forth in the Series Term Sheet.

Examples of Controlled Amortization Period in a sentence

• On or before each Distribution Date during the Controlled Accumulation Period or Controlled Amortization Period, as applicable, the Servicer shall direct the Trustee that funds be paid or deposited, and the Trustee shall apply such funds in the following amounts, to the extent such funds are available and in the order of priority specified, to the account or Person indicated, in each case as set forth below.

• 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Class of any Series in its Controlled Accumulation Period or Controlled Amortization Period, as applicable, shall be withdrawn from the Collections Account and paid to the Seller.

• During the Series 2009-1 Controlled Amortization Period, the principal of this Series 2009-1 Note shall be paid in installments on each Series 2009-1 Controlled Amortization Payment Date to the extent of funds available for payment therefor pursuant to the Indenture.

• No payments on account of principal shall be made with respect to the Class C Notes on any Distribution Date during the Series 2023-3 Controlled Amortization Period unless an amount equal to the Class A Controlled Distribution Amount for the Related Month shall have been paid to the Class A Noteholders and an amount equal to the Class B Controlled Distribution Amount for the Related Month shall have been paid to the Class B Noteholders.

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

Controlled Amortization Period means, with respect to any Series of Group II Notes, the period specified in the applicable Group II Series Supplement.

Controlled Amortization Period means, unless a Series 2009-VFN Early Amortization Event shall have occurred prior thereto, the period commencing at the close of business on the first Controlled Amortization Date to occur (without being extended as provided in the applicable Note Purchase Agreement) and ending on the earlier to occur of (a) the commencement of the Early Amortization Period, and (b) the Series Termination Date, provided that Transferor may, by written notice to the Indenture Trustee and each Series 2009-VFN Noteholder (and so long as the Early Amortization Period has not begun), cause the Controlled Amortization Period to begin on any date earlier than the one otherwise specified above.

Controlled Amortization Period for any Series shall have the meaning ------------------------------ specified in the related Supplement.

Controlled Amortization Period means, unless a Pay Out Event shall have occurred prior thereto, the period commencing at the opening of business on the Controlled Amortization Date and ending on the first to occur of (a) the commencement of the Rapid Amortization Period and (b) the Series Termination Date.

Controlled Amortization Period means, unless a Series 2009-VFN Early Amortization Event or a Trust Early Amortization Event shall have occurred prior thereto, the period commencing at the opening of business on the first Controlled Amortization Date to occur (without being extended as provided in the applicable Note Purchase Agreement) and ending on the earlier to occur of (a) the commencement of the Early Amortization Period, and (b) the Series Termination Date, provided that Transferor may, by 2 Business Days’ prior written notice to the Indenture Trustee and each Series 2009-VFN Noteholder (and so long as the Early Amortization Period has not begun), cause the Controlled Amortization Period to begin on any date earlier than the one otherwise specified above.

Controlled Amortization Period. With respect to any Series or Class, the period specified in the related Indenture Supplement.

Controlled Amortization Period means the period of time beginning on the Revolving Commitment Termination Date and ending on (and including) the earlier of: (a) the date that is six (6) months immediately following the Revolving Commitment Termination Date; and (b) the date on which an Early Amortization Event occurs.