Pay-Out Event definition

Pay-Out Event means any Pay-Out Event specified in Section 6.01.
Pay-Out Event means, with respect to each Series, a Trust Pay Out Event or a Series Pay Out Event.
Pay-Out Event shall have the meaning specified in the Pooling and Servicing Agreement.

Examples of Pay-Out Event in a sentence

  • Although this was not a Servicer Default or a Pay Out Event, it was a technical breach of the Agreement which has been fully cured.

  • The Rapid Amortization Period will begin on the earlier to occur of (a) a Trust Pay Out Event or (b) a Series 1999-J Pay Out Event if either the Interest Rate Swap is or has been terminated or, following certain reductions or a withdrawal of the rating of the Swap Counterparty, the Swap Counterparty shall have failed to adequately fund the Interest Reserve Account.

  • S-11 A Pay Out Event for your Series will include the following events: .

  • A Series 1999-J Pay Out Event for your Series will include the following events: .

  • In addition, if (i) the Interest Rate Swap terminates, (ii) following certain reductions or a withdrawal of the rating of the Swap Counterparty, the Swap Counterparty shall have failed to adequately fund the Interest Reserve Account, or (iii) a Trust Pay Out Event occurs, a Rapid Amortization Period will begin and the timing of your principal payments could change.


More Definitions of Pay-Out Event

Pay-Out Event means, with respect to any Series, each event specified in Section 9.01 and each additional event, if any, specified in the relevant Supplement as a Pay Out Event with respect to such Series.
Pay-Out Event means, with respect to any Series, any Pay-Out Event specified in the Supplement related to such Series.
Pay-Out Event means, with respect to any Series, a Trust Pay Out Event or a Series Pay Out Event.
Pay-Out Event means any Pay Out Event specified in Section 6.01.
Pay-Out Event means each Trust Pay Out Event and, as to any Series, each other "Pay Out Event," if any, described in the Supplement for such Series.
Pay-Out Event shall have, with respect to each Series, the meaning specified in Section 9.01.
Pay-Out Event shall have the meaning specified in the Pooling and Servicing Agreement with respect to the Series 2004-1 Supplement.