Class A Collection Date definition

Class A Collection Date. The date following the Termination Date on which the Aggregate Unpaids with respect to the Class A VFC have been reduced to zero and indefeasibly paid in full.
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Class A Collection Date means the date upon which (i) the Class A Obligations have been paid in full, (ii) the Commitments of the Class A Lenders have been terminated, (iii) all Insurer Obligations have been paid in full and (iv) the Insurance Policy has been returned to the Insurer.
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Examples of Class A Collection Date in a sentence

  • Prior to the Class A Collection Date, the Class B Purchaser shall not exercise any rights and remedies that might otherwise be available to such Class B Purchaser under this Agreement or other Applicable Law.

  • Prior to the Class A Collection Date, the Class B Purchaser shall not exercise any rights and remedies available to it under this Agreement or other Applicable Law.

  • None of the Class B Lenders may take any action to enforce its rights to recover the principal of or interest on the Class B Notes, or to take any other action or undertake any proceeding under or in connection with the Class B Obligations, including, without limitation, any exercise of rights or remedies in respect of the Collateral, until the Class A Collection Date or unless the Control Party has consented to such action in writing prior to the occurrence thereof.

Related to Class A Collection Date

  • Final Collection Date means the Business Day following the termination of purchases under this Agreement on which all amounts to which the Purchasers shall be entitled in respect of Purchased Receivables and all other amounts owing to the Administrative Agent and the Purchasers hereunder and under the other Purchase Documents are paid in full.

  • Class A Monthly Principal means the monthly principal distributable in respect of the Class A Certificates as calculated in accordance with subsection 4.07(a).

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Class A-P Collection Shortfall With respect to the Cash Liquidation or REO Disposition of a Discount Mortgage Loan and any Distribution Date, the excess of the amount described in Section 4.02(b)(i)(C)(1) over the amount described in Section 4.02(b)(i)(C)(2).

  • Class B Monthly Principal means the monthly principal distributable in respect of the Class B Certificates as calculated in accordance with subsection 4.07(b).