Term Series definition
Examples of Term Series in a sentence
The Trust was created pursuant to the Trust Agreement, dated as of August 1, 1998, among the Depositor, Manufacturers and Traders Trust Company, as Trustee (the "Trustee"), and Point West Capital Corporation, as Servicer, and the Supplement to Trust Agreement for Term Series 1999-1, dated as of September 15, 1999, among the Depositor, the Trustee and Point West Capital Corporation, as Servicer (collectively, the "Trust Agreement").
The consent of the Security Trustee referred to above shall be given in accordance with a corresponding Term Series Direction in respect of each Term Series of Loan Notes and a corresponding VFN Series Direction in respect of each VFN Series of Loan Notes.
The Security Trustee shall give such consent referred to above if it receives a corresponding Term Series Direction in respect of each Term Series of Loan Notes and a corresponding VFN Series Direction in respect of each VFN Series of Loan Notes.
Actual Losses to Date ACFS will provide, on a monthly basis, actual realized losses for each Designated Term Series.
Senior Sub Transactions Initially the Senior Sub Transactions will be comprised of the following Term securitizations: AmeriCredit Automobile Receivables Trust 2000-1 AmeriCredit Automobile Receivables Trust 2001-1 AmeriCredit Automobile Receivables Trust 2002-1 Senior Borrowing Base Calculation Using the Modeling Assumptions for each Designated Term Series and applying the Senior Loss Multiple to the Expected Remaining Losses, a schedule of monthly cash flows will be determined.
Expected Remaining Losses Expected Remaining Losses, individually for each Designated Term Series, will equal the Expected Cumulative Loss Expectation minus Actual Losses to Date.
In relation to each Series of Loan Notes, the Security Trustee shall undertake such duties pursuant to Term Series Directions and VFN Series Directions, as applicable, unless otherwise specified or the context otherwise requires.
Notwithstanding the foregoing, in relation to any Series of Loan Notes, if a Term Series Direction or a VFN Series Direction (as appropriate) is given in relation to any of the above matters, the Security Trustee shall act in accordance with such direction, save that the Security Trustee shall not be obliged to act contrary to its own interests.
Upon each addition to the Designated Term Series, S&P will provide Modeling Assumptions for the additional Series.
S&P will provide "Modeling Assumptions" (described below) for each Designated Term Series at or before closing.