Series Pay Out Event definition

Series Pay Out Event shall have, with respect to any Series, the meaning specified pursuant to the Supplement for the related Series.
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Series Pay Out Event shall have, with respect to any Series, the meaning specified pursuant to the related Indenture Supplement.
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Series Pay Out Event means, with respect to any Series, each event, if any, specified in the Supplement as a Series Pay Out Event with respect to such Series.
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Examples of Series Pay Out Event in a sentence

  • If the APC Receivables Portfolio calculated on two consecutive Interest Payment Dates does not satisfy the APC Collateral Test, then a Series Pay Out Event will occur with respect to the Series 2009-1 APC Loan Notes (see further "The APC Loan Note Issue Deed – Schedule Redemption of the Series 2009-1 APC Loan Notes – Series Pay Out Events").

  • The Transferor shall immediately give notice to the Receivables Trustee of the occurrence of any Trust Pay Out Event or Series Pay Out Event, specifying where applicable that such event is also an Insolvency Event.

  • A "Pay Out Event" may be a Trust Pay Out Event or a Trust Series Pay Out Event.

  • Each Trust Series, including the De-Linked Trust Series, will have certain Pay Out Events that relate only to such Trust Series (such a Pay Out Event being for a Trust Series a "Trust Series Pay Out Event").


More Definitions of Series Pay Out Event

Series Pay Out Event is defined, with respect to any Series, in the -------------------- related Indenture Supplement.
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Series Pay Out Event shall have, with respect to any Series or any Class within a Series, the meaning specified in the related Supplement;
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Series Pay Out Event is defined in Section 6.1.
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Series Pay Out Event shall have the meaning specified in Section 8 of this Series Supplement.
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Series Pay Out Event means a Pay Out Event under any Series of the Metris Master Trust.
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Series Pay Out Event shall have the meaning specified in Section 6.1.
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Series Pay Out Event is defined in Section 9 of this Series Supplement. -------------------- ---------
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