Managed Amortization Period definition

Managed Amortization Period means the period from the Closing Date to the Rapid Amortization Commencement Date.

Managed Amortization Period. With respect to the Notes, the period commencing on the first Payment Date and ending on the earlier to occur of (x) the 180th Payment Date and (y) the first Payment Date following the occurrence of a Rapid Amortization Event with respect to the Notes.

Managed Amortization Period for each class of Notes shall mean the period beginning on the Closing Date and, unless a Rapid Amortization Event (i.e., certain events of default or other material non-compliance by the Sponsor under the terms of the related transaction documents) shall have earlier occurred, through and including the Payment Date in October 2010.

Examples of Managed Amortization Period in a sentence

• The initial Certificateholder agrees to not transfer any Certificate during either the Revolving Period or the Managed Amortization Period, unless the initial Certificateholder receives an Opinion of Counsel stating that such transfer of the Certificate will not adversely affect the opinion delivered on the Closing Date by such counsel regarding the transfer of the Mortgage Loans by GMACM to the Depositor.

• The initial Certificateholder agrees to not transfer any Certificate during either the Revolving Period or the Managed Amortization Period, unless the initial Certificateholder receives an Opinion of Counsel stating that such transfer of the Certificate will not adversely affect the opinion delivered on the Closing Date by such counsel regarding the transfer of the Mortgage Loans by Seller to the Depositor.

• After the Managed Amortization Period, the amount of principal payable to the holders of each class of Notes on a payment date will be equal to the related Maximum Principal Payment minus the Excess Overcollateralization Amount.

• In addition, if a Funding Event has occurred during the Managed Amortization Period, any amount in the Reserve Sub-Account may be applied to purchase Subsequent Mortgage Loans in the manner set forth in the Purchase Agreement.

• After the Managed Amortization Period, the amount of principal payable to the holders of each class of Notes will be equal to the related Maximum Principal Payment.

More Definitions of Managed Amortization Period

Managed Amortization Period. The period from and including the Closing --------------------------- Date to and including the earlier of (a) the last day of the Collection Period related to the Distribution Date in November 2003 and (b) the day prior to the occurrence of a Rapid Amortization Event.

Managed Amortization Period. The period beginning on the first day following the end of the related Revolving Period and ending on the earlier of (i) the Payment Date occurring in September 2011 and (ii) the occurrence of a Rapid Amortization Event.

Managed Amortization Period. With respect to each Class of Notes, the period commencing on the Closing Date and ending on the earlier to occur of (x) the November 2006 Payment Date and (y) the Payment Date which immediately precedes the occurrence of a Rapid Amortization Event with respect to such Class of Notes.

Managed Amortization Period. The period commencing on the Closing Date and ending on the earlier of (i) the Payment Date in January 2010 and (ii) the occurrence of a Rapid Amortization Event.

Managed Amortization Period. The period commencing on the Closing Date and ending on the earlier to occur of (x) the end of the Remittance Period related to the May 2003 Payment Date and (y) the end of the Remittance Period related to the Payment Date which immediately precedes the occurrence of a Rapid Amortization Event.

Managed Amortization Period means the period beginning on the Closing Date and ending on the earlier of (i) June 25, 2010 and (ii) the occurrence of an Amortization Event.

Managed Amortization Period. With respect to each Class of Securities, the period commencing on the Closing Date and ending on the earlier to occur of (x) the September 2005 Payment Date and (y) the Payment Date which immediately precedes the occurrence of a Rapid Amortization Event with respect to such Class of Securities.