Common use of Credit Support Depletion Date Clause in Contracts

Credit Support Depletion Date. The first Distribution Date, if any, on which the aggregate of the Class Principal Amounts of the Subordinate Certificates has been reduced to zero.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Sequoia Mortgage Trust 2011-1), Pooling and Servicing Agreement (Sequoia Mortgage Trust 2011-2)