Crossover Date definition

Crossover Date. The earlier to occur of (i) the Distribution Date on which the aggregate Certificate Principal Balance of the Class A Certificates is reduced to zero; and (ii) the later to occur of (x) the Distribution Date occurring in 20[ ] and (y) the first Distribution Date on which the Credit Enhancement Percentage (calculated for this purpose only after taking into account distributions of principal on the Mortgage Loans but prior to the principal distributions to the certificates) is greater than or equal to [ ]%.

Crossover Date means the first date on which Program Losses equal or exceed 25/35ths of the First Loss Limit (as such amount may be adjusted in writing by the GSEs and Treasury with notice to the Administrator).

Crossover Date shall have the meaning set forth in Section 4.01 hereof.

Examples of Crossover Date in a sentence

• Distribution System Flow of Funds From and after the Crossover Date, the Purchase Payments are to be made from the Distribution System Debt Service Fund (a special fund of the City to be held by the Treasurer of the City and created pursuant to Resolution No. 99R-190 of the City Council adopted on September 14, 1999 (the “1999 Resolution”)).

• From and after the Crossover Date, on or before the 20th day of each calendar month, the Finance Director of the City is required, so long as any Distribution System Parity Obligations are Outstanding, to withdraw the entire amount on deposit in the Distribution System Revenue Fund and allocate and deposit such amount in the funds and accounts, in the order of priority listed below.

• The appropriateness of the assigned pieces of assessment (including any examination) for the course learning objectives and for the programme learning objectives.

• Until the Crossover Date, the City covenants that the Electric System shall not be sold, leased or disposed of as a whole or substantially as a whole if such sale, lease or disposal would impair the ability of the City to comply with its covenant set forth in Section 6.03 hereof.

• Until the Crossover Date, the City shall deposit the Gross Revenues of the Electric System as received in the Revenue Account.

More Definitions of Crossover Date

Crossover Date. The later to occur of (i) the Distribution Date occurring in October 2003 and (ii) the first Distribution Date on which the Credit Enhancement Percentage (calculated for this purpose only prior to taking into account the distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date) is equal to or greater than 14%.

Crossover Date means March 1, 2019.

Crossover Date. The earlier of (A) the Payment Date after which the aggregate Class Note Balance of the Class A Notes has been reduced to zero and (B) the later to occur of:

Crossover Date means the Distribution Date on which the Certificate Balance of each Class of Certificates other than the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates has been reduced to zero.

Crossover Date means March 1, 2017.

Crossover Date means in the case of bonds which are not secured by the Trust Estate until a specified date but which bonds will be secured by the Trust Estate after such date, the date upon which such Bonds shall be secured by the Trust Estate.

Crossover Date means [June 1, 2022].