Senior Credit Support Depletion Date definition

Senior Credit Support Depletion Date. The date on which the Class Certificate Balance of each Class of Subordinated Certificates has been reduced to zero.

Senior Credit Support Depletion Date. As to each of the 30 Year Crossed Groups, the date on which the aggregate Class Certificate Balance of the Class 30-B Certificates is reduced to zero, and as to each of the 15 Year Crossed Groups, the date on which the aggregate Class Certificate Balance of the Class 15-B Certificates is reduced to zero.

Senior Credit Support Depletion Date. With respect to the Group 1 Senior Certificates and the Aggregate Group II Senior Certificates, as applicable, the date on which the aggregate Class Principal Balance of the Group 1 Subordinated Certificates or Aggregate Group II Subordinated Certificates, respectively, have been reduced to zero.

Examples of Senior Credit Support Depletion Date in a sentence

• On and after the earlier of (A) the Senior Credit Support Depletion Date and (B) the date on which any Realized Loss is allocated to any Class of Special Retail Certificates, distributions in reduction of the Class Certificate Balances of such Class will be made on a pro rata basis pursuant to Section 5.09(e).

• On or promptly after the earlier of (i) the Senior Credit Support Depletion Date and (ii) the date on which any loss is allocated to any Class of the Special Retail Certificates, the Trustee shall remit to Banc of America Securities LLC any amounts remaining in the applicable Rounding Account.

• For the avoidance of doubt, for Covered Trusts for which the Senior Credit Support Depletion Date shall have occurred prior to the allocation of the amount of the Allocable Share in accordance with the immediately preceding sentence, in no event shall the foregoing allocation be deemed to reverse the occurrence of the Senior Credit Support Depletion Date in such Covered Trusts.

• Any person who applies pesticides for structural pest control, as defined in the North Carolina Structural Pest Control Law (G.S. Chapter 106, Article 4C.)Each applicant must demonstrate upon written, or written and oral, examination his competence as a pesticide applicator or public operator.

• After the Senior Credit Support Depletion Date, the Class Certificate Balance of the Class A-PO Certificates shall be reduced on each Distribution Date by the amount, if any, by which the Class Certificate Balance of the Class A-PO Certificates (after giving effect to the amount to be distributed as a distribution of principal and the allocation of Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount (PO Portion) for such Distribution Date.

More Definitions of Senior Credit Support Depletion Date

Senior Credit Support Depletion Date. Not applicable.

Senior Credit Support Depletion Date. The date on which the Class Principal Amount of each Class of Subordinate Notes has been reduced to zero.

Senior Credit Support Depletion Date. With respect to (i) the Crossed Groups, the date on which the aggregate Class Certificate Balance of the Class X-B Certificates has been reduced to zero and (ii) for Group 5, the date on which the aggregate Class Certificate Balance of the Class 5-B Certificates has been reduced to zero.

Senior Credit Support Depletion Date. The date on which (i) with respect to the Group 1 Senior Certificates and the Group 3 Senior Certificates, the aggregate Class Certificate Balance of the Class X-B Certificates has been reduced to zero and (ii) with respect to the Group 2 Senior Certificates, the aggregate Class Certificate Balance of the Class B Certificates has been reduced to zero.

Senior Credit Support Depletion Date. The date on which the aggregate Class Principal Balance of the Subordinated Certificates have been reduced to zero. Senior Defaulted Swap Termination Payment: Not Applicable. Senior Enhancement Percentage: Not Applicable.

Senior Credit Support Depletion Date. The Distribution Date on which the aggregate Certificate Principal Balances of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5 and Class M-6 Certificates has been reduced to zero.

Senior Credit Support Depletion Date. The date on which the aggregate Class Principal Balance of each Class of Subordinated Certificates is less than or equal to the aggregate Class PO Deferred Amount.