Senior Termination Date definition

Senior Termination Date. For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

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Senior Termination Date. For a Loan Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Senior Certificate Group (other than the related Class PO Component) has been reduced to zero.

Senior Termination Date. For each Senior Certificate Group and Principal-Only Component, the Distribution Date on which the aggregate of the Class Certificate Principal Balances and related Component Principal Balance of the related Senior Certificates and Principal-Only Component is reduced to zero.

Examples of Senior Termination Date in a sentence

• With respect to any Distribution Date after the Senior Termination Date, the Senior Percentage for such Mortgage Pool will equal zero.

• On each Distribution Date after a Senior Termination Date but prior to the earlier of the Senior Credit Support Depletion Date and the fourth Senior Termination Date, all principal on the Mortgage Loans in the Loan Group related to the Senior Certificate Group that will have been paid in full will be distributed on a pro rata basis, based on Class Certificate Balance, to the Senior Certificates then outstanding relating to the other Loan Groups.

• Immediately upon receipt by any Consolidated Party of proceeds from any Equity Issuance (other than any Excluded Equity Issuance Proceeds) occurring on the Final Senior Termination Date or at any time thereafter, the Borrowers shall prepay the Second Lien Loans in an aggregate amount equal to 50% of the Net Cash Proceeds of such Equity Issuance (less the amount of any such Net Cash Proceeds which have been applied to prepay Senior Loans on or prior to the Final Senior Termination Date).

• As to any Distribution Date after a Senior Termination Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.

• This Senior Guaranty is a continuing agreement of each Guarantor and shall: (a) remain in full force and effect until the Senior Termination Date for such Guarantor, (b) be binding upon such Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Senior Secured Parties and their successors, transferees and assigns.

More Definitions of Senior Termination Date

Senior Termination Date. For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero. Servicer: IndyMac Bank, F.S.B., a federal savings bank, and its successors and assigns, in its capacity as servicer under this Agreement.

Senior Termination Date. For each Certificate Group, the Distribution Date when the aggregate of the Class Principal Balances of that Certificate Group has been reduced to zero. Servicer: JPMCB, Countrywide Servicing, ▇▇▇▇▇▇▇ Bank, PHH or ▇▇▇▇▇ Fargo Bank, N.A., as applicable, under the related Purchase and Servicing Agreement or Servicing Agreement, as applicable, as identified in Exhibit E.

Senior Termination Date. With respect to each Mortgage Pool, the date on which the aggregate Class Principal Amount of the Senior Certificates related to such Mortgage Pool is reduced to zero.

Senior Termination Date. For each Loan Group, the Distribution Date on which the aggregate of the Class Certificate Principal Balances of the related Senior Certificates is reduced to zero.

Senior Termination Date. For each Certificate Group related to Aggregate Pool A, the Distribution Date when the aggregate of the Class Principal Balances of that Certificate Group has been reduced to zero. Servicer: JPMCB, Countrywide, GreenPoint, SunTrust and PHH, under the related Purchase and Servicing Agreement as identified in Exhibit E.

Senior Termination Date. For Senior Certificate Group 1, the Distribution Date on which the aggregate Class Principal Balance of the Group 1 Senior Certificates (other than the Class 1-A-P Component) has been reduced to zero. For Senior Certificate Group 2, the Distribution Date on which the aggregate Class Principal Balance of the Group 2 Senior Certificates has been reduced to zero. For Senior Certificate Group 3, the Distribution Date on which the Class Principal Balance of the Group 3 Senior Certificates (other than the Class 3-A-P Component) has been reduced to zero. For Senior Certificate Group 4, the Distribution Date on which the Class Principal Balance of the Group 4 Senior Certificates has been reduced to zero.

Senior Termination Date. Not applicable.