Stepup Date definition

Stepup Date. The first Payment Date after the Payment Date on which the Aggregate Collateral Balance at the beginning of the Due Period related to that Payment Date is less than 10% of the Aggregate Collateral Balance as of the Closing Date.
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Stepup Date. The first Payment Date after the Payment Date on which the Aggregate Loan Balance is less than or equal to 20% of the sum of the Aggregate Loan Balance as of the Cut-off Date.
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Stepup Date means June 1, 2014, or a subsequent Stepup Date established for the Subseries G-6 Bonds.
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Examples of Stepup Date in a sentence

  • If the Residual Holder fails to exercise such option on the Initial Purchase Date, the Note Interest Rate for each Class of Notes will be increased as set forth in the table in the Preliminary Statement herein beginning on the Step-up Date and for each Payment Date thereafter.

  • In the event the Series D Notes are not redeemed on or before the Step-up Date, interest will be payable annually, including the Step-up Date but excluding the stated maturity, in respect of each Reset Period between the Step-up Date and the stated maturity, the relevant Euro 5 Year Swap Rate plus the Margin plus 1.00% per year.

  • You then have the option to elect the Annual Step-up, with the resulting charge increase, anytime within the 30 days following that rider anniversary as long as the contract value is greater than the total RBA or the contract value multiplied by the ALP Percentage shown under Contract Data is greater than the ALP, if established, on the Step-up Date.

  • Employees who are involved on the appointment process should adhere to the Council's Recruitment and Selection Procedure.

  • Subject to the maximum GBA shown under Contract Data, the total GBA will be increased to the greater of (A) or (B) where: (A) is the total GBA immediately prior to the Annual Step-up; and (B) is the contract value on the Step-up Date.

  • In the event that the Charge applicable to contract purchases at the time of step-up exceeds your current Lifetime GWB Rider Charge, you will be notified in writing a minimum of 30 days in advance of the applicable Automatic Step-up Date, and be informed that you may elect to decline the automatic step-up.

  • On each Automatic Step-up Date shown on the Contract Schedule, a step-up will occur automatically provided that the Account Value exceeds the Total Guaranteed Withdrawal Amount immediately before the step-up, and provided that Your attained age does not exceed the Maximum Automatic Step-up Age shown on the Contract Schedule.

  • If the Servicer fails to exercise such option prior to the Stepup Date, the Interest Rate for each Class of Notes will be increased as set forth in the table in the Preliminary Statement herein beginning on the Stepup Date and for each Payment Date thereafter.

  • If you elect to decline the automatic step-up, you must respond in writing to our Annuity Service Office no less than seven calendar days prior to the applicable GWB Automatic Step-up Date.

  • AUTOMATIC STEP-UP On each Automatic Step-up Date shown on the Contract Schedule, a step-up will occur automatically provided that the Account Value exceeds the Total Guaranteed Withdrawal Amount immediately before the step-up, and provided that your Attained Age does not exceed the Maximum Automatic Step-up Age shown on the Contract Schedule.

Related to Stepup Date

  • Step-Up Date The first Distribution Date following the first Distribution Date on which the aggregate unpaid principal balance of the Mortgage Loans, and properties acquired in respect thereof, remaining in the Trust Fund has been reduced to less than or equal to 10% of the Aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • True-Up Date means the date which is forty-five (45) days after the latest to occur of the Termination Date of this Agreement, the Termination Date of the Single Family Agreement, if applicable, or disposition of all Assets pursuant to this Agreement or the Single Family Agreement, if applicable. EXHIBIT 2.5

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Startup Date The day designated as such pursuant to Article X hereof.

  • Measurement Date means the most recent Payment Date specified in the first column of the Cumulative Net Loss Rate Table.

  • Stepdown Date The earlier to occur of (i) the first Distribution Date on which the aggregate Certificate Principal Balance of the Class A Certificates has been reduced to zero and (ii) the later to occur of (a) the Distribution Date occurring in March 2006 and (b) the first Distribution Date on which the Credit Enhancement Percentage (calculated for this purpose only after taking into account distributions of principal on the Mortgage Loans but prior to any distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date) is equal to or greater than 37.00%.

  • Step-Out Date means the date that is 20 Business Days after the date of a Step-Out Notice;

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 5; provided, however, that if a subsequent Valuation Date occurs under Paragraph 3 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 3.

  • Contribution Date has the meaning set forth in Section 4.3 hereof.

  • Step-In Date means 5 Business Days after delivery of a Step-In Notice;

  • Current Date means any day during the 20-day period ending on the date of the Closing.

  • Group II Stepdown Date The later to occur of (i) the Distribution Date in [Month/Year] or (ii) the first Distribution Date on which (A) the Group II Class A Certificate Principal Balance (reduced by the Group II Principal Funds with respect to such Distribution Date) is less than or equal to (B) ___% of the Stated Principal Balances of the Group II Mortgage Loans plus the Pre-Funded Amount allocable to Loan Group II, in each case, as of such Distribution Date.

  • Return Accumulation Period means the period from (and including) a Periodic Distribution Date (or, in the case of the first Return Accumulation Period, the Issue Date) to (but excluding) the next (or, in the case of the first Return Accumulation Period, the first) Periodic Distribution Date;

  • Subsequent Distribution Date means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is within thirty (30) days of the end of a calendar quarter, then the first Subsequent Distribution Date will be the last Business Day of the month following the end of the first (1st) calendar quarter after the calendar quarter in which the Effective Date falls.

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Group I Stepdown Date The later to occur of (i) the Distribution Date in [Month/Year] or (ii) the first Distribution Date on which the Group I Class A Certificate Principal Balance (reduced by the Group I Principal Funds with respect to such Distribution Date) is less than or equal to ____% of the Stated Principal Balances of the Group I Mortgage Loans plus the Pre-Funded Amount allocable to Loan Group I, in each case, as of the Distribution Date.

  • Start-up Period means up to 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age range of the Academy will have some pupils present).

  • Step-Down Date The earliest of the Distribution Date in [MONTH/YEAR] or any succeeding Distribution Date on which the following conditions are satisfied as of the last day of the month preceding such Distribution Date:

  • Anticipated Closing Date means the anticipated closing date of any proposed Qualified Sale Transaction, as determined in good faith by the Board of Directors on the Applicable Date.

  • Reduction Date has the meaning set forth in Section 20.1B.

  • Ending Date means the last day of each Offering Period.

  • Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.

  • Current Distribution Date means a Distribution Date specified as a reference date for calculating the Expected Distributions with respect to the Certificates of any Trust as of such Distribution Date.

  • Formation Date has the meaning set forth in the Recitals hereof.

  • Capitalization Date has the meaning set forth in Section 3.2(a).