Examples of Series 2011-5 Notes in a sentence
On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 2011-5 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, from the Series 2011-5 Collection Account and deposit such amount in the Series 2011-5 Distribution Account, to be paid to the holders of the Series 2011-5 Notes.
Controlled Accumulation Amount: The result of (a) the Note Principal Balance as of the last day of the Revolving Period (less the amount, if any, already on deposit in the Note Distribution Account to pay principal of the Series 2011-5 Notes as of the close of business on the last day of the Revolving Period) divided by (b) the number of months in the Controlled Accumulation Period.
This involved daily communication with Devon County, including weekend coverage.
Subject to Section 5.7 above, any action pursuant to Section 5.6, Section 8.13 or Article 9 of the Base Indenture that requires the consent of, or is permissible at the direction of, the Required Noteholders with respect to the Series 2011-5 Notes pursuant to the Base Indenture shall only be allowed with the consent of, or at the direction of, the Required Controlling Class Series 2011-5 Noteholders.
Upon any such declaration or automatic occurrence, the Revolving Period or the Controlled Accumulation Period, as applicable, with respect to the Series 2011-5 Notes shall terminate, an Early Amortization Period shall commence and the unpaid principal amount of such Series 2011-5 Notes, together with accrued and unpaid interest thereon through the date of acceleration, shall become immediately due and payable.
Unless otherwise stated herein, as the context otherwise requires or if such term is otherwise defined in the Base Indenture, each capitalized term used or defined herein shall relate only to the Series 2011-5 Notes and not to any other Series of Notes issued by ABRCF.
Upon the earliest to occur of (i) the payment in full of the Series 2011-5 Notes, (ii) the first Distribution Date relating to the Early Amortization Period and (iii) the Series 2011-5 Legal Maturity Date, any funds remaining in the Accumulation Period Reserve Account, after withdrawal of funds therefrom on such date in accordance with Section 4.13(c), shall be treated as Available Series Interest Collections.
The Series 2011-5 Notes shall be delivered as Registered Notes as provided in Section 2.2 of the Indenture.
If the Series 2011-5 Notes shall have been accelerated following an Event of Default, the Indenture Trustee may exercise the remedies available to it as set forth in Article V the Indenture.
If an Insolvency Event of Default occurs and is continuing, then the Series 2011-5 Notes shall be immediately and without further action become due and payable, and the Indenture Trustee shall give a notice to such effect in writing to the Issuing Entity (although failure to give such notice shall not affect the immediate acceleration of maturity).