Distribution Date definition
Examples of Distribution Date in a sentence
The Distribution Date shall be the 25th day of the month in which the related Record Date occurs.
If for one or more months during the Controlled Accumulation Period there are not sufficient funds to deposit the Controlled Deposit Amount into the Principal Funding Account, then to the extent that excess funds are not available on subsequent Distribution Dates with respect to the Controlled Accumulation Period to make up for such shortfalls, the final payment of principal of the Notes will occur later than the Expected Final Distribution Date.
If an Asset Representations Review is terminated according to Section 3.04(e), the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Review no later than five (5) Business Days before the final Distribution Date in order to be reimbursed no later than the final Distribution Date.
Except as otherwise retained pursuant to Section 2.01(b), the Servicing Fee for each Monthly Period shall be payable on the related Distribution Date.
As provided in the Indenture and subject to certain limitations therein set forth, Class A Notes are exchangeable for new Class A Notes in any authorized denominations and of like aggregate Stated Principal Amount, Expected Final Distribution Date and Legal Maturity Date and of like terms upon surrender of such Notes to be exchanged at the office or agency of the Issuer in a place of payment.