Early Amortization Event Sample Clauses

Early Amortization Event. Transferor reasonably believes that (A) the addition of the Receivables arising in the Supplemental Accounts will not, based on the facts known to Transferor, then or thereafter cause an Early Amortization Event to occur with respect to any Series and (B) no selection procedure was utilized by Transferor which would result in the selection of Supplemental Accounts (from among the available Eligible Accounts owned by the Credit Card Originator) that would be materially less favorable to the interests of the Investor Holders of any Series as of the Addition Date than a random selection;

Early Amortization Event. As of any date of determination, the existence of any one of the following events or conditions: (1) A Manager Default shall have occurred and then be continuing; (2) The Manager Report delivered for any Payment Date indicates that an Asset Base Deficiency exists; (3) The Manager Report delivered for any Payment Date indicates that the EBIT Ratio of the Issuer shall be less than 1.10:1.00; (4) The Manager Report delivered for any Payment Date indicates that the Weighted Average Age of the Eligible Container is greater than nine (9) years; (A) A breach of any financial covenant of CAL set forth in the documents governing any Indebtedness of CAI and/or its Subsidiaries (the “Funded Debt Documents”) in excess of $20,000,000 shall have occurred for such period of time as would permit (assuming the giving of appropriate notice if required) the holder or holders thereof or of any obligations issued thereunder to accelerate the maturity of all or part of such Indebtedness, or any such holder or holders shall rescind or shall have a right to rescind the purchase of any such obligations, or (B) any default, not described in clause (A), under any Funded Debt Document shall have occurred and as a result the required lenders under the affected financing transaction have accelerated all or part of such Indebtedness; or (6) An event or condition designated as an Early Amortization Event in any Supplement shall have occurred and then be continuing. If the Early Amortization Event described in clause (2) above has occurred, such Early Amortization Event shall be deemed no longer continuing if the Asset Base Deficiency is cured within thirty (30) days after the Payment Date on which such Asset Base Deficiency initially occurred; provided, that, no more than one cure of such event can occur during any two year period. If the Early Amortization Event described in clause (6) above has occurred, such Early Amortization Event shall be deemed no longer continuing immediately upon the waiver and/or cure of such Early Amortization Event in accordance with the terms of the applicable Supplement. Except as set forth in the immediately preceding paragraph, an Early Amortization Event shall be deemed to continue until the Business Day on which the Requisite Global Majority waives, in writing, such Early Amortization Event. The Indenture Trustee shall promptly provide notice of any such waiver to each Rating Agency.

Early Amortization Event. The occurrence or existence of any one of the following conditions or events as of any date of determination:

Early Amortization Event. Transferor reasonably believes that (i) the Transferor has used reasonable efforts to avoid having the removal of the Transferred Receivables existing in the Removed Accounts designated hereby cause an Early Amortization Event to occur with respect to any series, and (ii) no selection procedure believed by Transferor to be materially adverse to the interests of Buyer or any of its creditors has been used in removing Removed Accounts designated hereby from among any pool of Accounts of a similar type (it being understood that Transferor will not be deemed to have used such an adverse selection procedure in connection with any Involuntary Removal) as of the Removal Date; and

Early Amortization Event. In the case of the happening of any Early Amortization Event, the Administrative Agent may, and at the direction of the Required Lenders shall, by notice to the Borrowers, provide written notice to the Borrowers that an Early Amortization Event has occurred.

Early Amortization Event. The occurrence during the Revolving Period of one or more of the following: (i) the amount on deposit in the Reserve Account is less than the Specified Reserve Account Balance on two consecutive Distribution Dates after payment of the Aggregate Additional Receivables Principal Balance; (ii) the amount on deposit in the Accumulation Account is less than the Target Reinvestment Amount on two consecutive Distribution Dates after payment of the Aggregate Additional Receivables Principal Balance; (iii) after payment of the Aggregate Additional Receivables Principal Balance on three consecutive Distribution Dates, the amount on deposit in the Accumulation Account exceeds 0.10% of the Initial Aggregate Receivables Principal Balance; (iv) an Event of Default occurs; or (v) a Servicer Default occurs.

Early Amortization Event. Transferor reasonably believes that (A) the removal of the Receivables existing in the Removed Accounts will not, based on the facts known to Transferor, then or thereafter cause an Early Amortization Event to occur with respect to any Series and (B) no selection procedure was utilized by Transferor which would result in a selection of Removed Accounts from among any pools of Accounts of a similar type that would be materially adverse to the interests of the Investor Holders of any Series as of the Removal Date; and

Early Amortization Event. Before and after giving effect to such Series 2009-1 Advance, no Early Amortization Event shall have occurred and be continuing unless such Series 2009-1 Advance has been approved by each Series 2009-1 Noteholder.

Early Amortization Event. The occurrence of an Early Amortization Event under the Base Indenture.