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

  • 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.

  • Assuming Issuer call on Step-up Date Assumption (a) (in relation to the Issuer exercising its option to redeem the Class A Notes on the Step-Up Date) reflects the current intention of the Issuer but no assurance can be given that such assumption will occur as described.Assumption (b) is stated as an average annualised repayment rate as the repayment rate for one Interest Period may be substantially different from that for another.

  • In respect of a Class of Notes having a Floating Rate the applicable Interest Margin is:• for each day prior to the Step-up Date, the rate per annum indicated in the following table adjacent to the name of that Class in the Prior to Step-up Date column; and• for each day from and after the Step-up Date, the rate per annum indicated in the following table adjacent to the name of that Class in the From/after Step-up Date column.

  • The Interest Rate in respect of each Interest Period ending on or before the First Tranche 2 Step-up Date is 4.875 per cent.

  • Notes may be redeemed in certain circumstances before the Step-up Date or the Maturity Date.

  • Woolworths may, but is not obliged to, redeem Notes on the Step-up Date.

  • Pursuant to the Security Agent Agreement the Issuer shall use its best efforts to redeem each Note (other than the Reserve Fund Notes) on the relevant Step-up Date of such Note with the proceeds of the issue of new Notes and, if the Issuer is unable to issue sufficient new Notes for such purpose, such best efforts undertaking includes the sale of SME Receivables to the extent necessary.

  • Prior to the Step-up Date, Woolworths may elect to redeem Notes at any time if: — a Gross-Up Event; — Accounting Event; — Rating Event; or — Tax Event occurs.

  • From and including the Step-up Date, the interest rate payable on the 2029 USD notes shall increase by: (a) 0.100% per annum unless Teva has achieved the Regulatory Submissions Target as of the Testing Date; (b) 0.100% per annum unless Teva has achieved the Product Volume Target as of the Testing Date; and (c) 0.100% per annum unless Teva has achieved the Emission Reduction Target as of the Testing Date.

  • While Downer had a number of options available to it on the Step-up Date of 15 June 2012, it elected to leave the securities on issue and to Step-up the margin in accordance with the terms of the “Prospectus and Investment Statement” dated 7 March 2007.

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 following the Distribution Date for which the Certificate Principal Balance for each of the Class A Certificates has been reduced to zero, and (II) the later to occur of (a) the Distribution Date in November 2009 or (b) the first Distribution Date on which the Current Specified Enhancement Percentage is greater than or equal to 58.90%.

  • 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 shall have the meaning set forth in Section 1.6(a).

  • 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).