Series Amortization Event definition

Series Amortization Event shall have, with respect to any Series, the meaning specified pursuant to the related Indenture Supplement.
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Series Amortization Event shall have the meaning set out in Section 7.3(2);
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Series Amortization Event means, with respect to Series [_]-[_], the occurrence of any of the following:
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Examples of Series Amortization Event in a sentence

  • The Amortization Period for the Series 2013-1 Notes will commence on the day on which the Series Amortization Event has occurred.

  • Upon the occurrence of a Series Amortization Event, (i) no Asset Purchasing Entity in any Asset Group shall be permitted to purchase additional Trade Finance Assets and (ii) the principal due for each Class of the Series 2013-1 Notes shall equal the Principal Amount Outstanding of such class of Notes.

  • Upon the occurrence of a Series Amortization Event, (i) no Asset Purchasing Entity in any Asset Group designated to support Series 2013-1 shall be permitted to purchase additional Trade Finance or reapportion Sold Assets, (ii) the principal due for each Class of the Series 2013-1 Notes shall equal the Principal Amount Outstanding of such class of Notes and (iii) the Series 2013-1 Notes shall fully amortize in accordance with the priority of payments herein.

  • If an Amortization Event has been declared or is deemed to have occurred pursuant to section 8.1 of the Trust Indenture or if a Series Amortization Event or other event has occurred under any Supplement, the applicable provisions of the Trust Indenture and of the applicable Supplement(s) shall govern whether the continued sale of Receivables called for hereunder shall cease or shall continue.

  • A Series 2017-VFN Early Amortization Event shall constitute a Series Amortization Event (and therefore an Amortization Event) for purposes of the Indenture.


More Definitions of Series Amortization Event

Series Amortization Event means any event designated as a Series Amortization Event in any Supplement;
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Related to Series Amortization Event

  • Amortization Date means the earliest to occur of (i) the day on which any of the conditions precedent set forth in Section 6.2 are not satisfied, (ii) the Business Day immediately prior to the occurrence of an Event of Bankruptcy with respect to any Seller Party, (iii) the Business Day specified in a written notice from the Administrator following the occurrence of any other Amortization Event, and (iv) the date which is 30 days after the Administrator’s receipt of written notice from Seller that it wishes to terminate the facility evidenced by this Agreement.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2009-VFN Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Amortization Period means, with respect to any Series, or any Class within a Series, a period following the Revolving Period during which principal is distributed to Investor Certificateholders, which shall be the controlled amortization period, the principal amortization period, the rapid amortization period, or other amortization period, in each case as defined with respect to such Series in the related Supplement.

  • Amortization rate means the amortization rate, as defined in Section 49-11-102, to be applied to the system that would have covered the retiree if the retiree's reemployed position were deemed to be an eligible, full-time position within that system.

  • Automatic Early Redemption Event means that:

  • Liquidation Event With respect to any Mortgage Loan, any of the following events: (i) such Mortgage Loan is paid in full; (ii) a Final Recovery Determination is made as to such Mortgage Loan; or (iii) such Mortgage Loan is removed from REMIC I by reason of its being purchased, sold or replaced pursuant to or as contemplated by Section 2.03, Section 3.16(a) or Section 9.01. With respect to any REO Property, either of the following events: (i) a Final Recovery Determination is made as to such REO Property; or (ii) such REO Property is removed from REMIC I by reason of its being purchased pursuant to Section 9.01.

  • Make-Whole Fundamental Change Conversion Period has the following meaning:

  • Early Redemption Event means that R (k) is equal to or greater than the Early Redemption Level (k) on the respective Observation Date (k).