Class A Termination Date definition

Class A Termination Date means the earliest to occur of (a) the Principal Payment Date on which the Outstanding Dollar Principal Amount of the Class A( - ) Notes is paid in full, (b) the Legal Maturity Date and (c) the date on which the Indenture is discharged and satisfied pursuant to Article VI thereof.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Class A Termination Date. December 22June 2, 20262028, subject, however, to earlier termination of the Total Commitment pursuant of the terms of this Agreement.

Class A Termination Date means the date on which all amounts owing to the Class A Noteholders, and as certified in writing by the Note Insurer to the Indenture Trustee, all amounts owing to the Note Insurer, have each been paid in full.

Examples of Class A Termination Date in a sentence

The Indenture Trustee shall, on or after the Class A Termination Date, release and shall cause the Trust Collateral Agent to release any remaining portion of the Trust Property from the lien created by this Indenture and shall cause the Trust Collateral Agent to deposit in the Collection Account any funds then on deposit in any other Trust Account.
Subject to the payment of its fees and expenses pursuant to Section 6.7, the Indenture Trustee may after the Class A Termination Date, and when required by the provisions of this Indenture shall, and shall cause the Trust Collateral Agent to execute instruments to release property from the lien of this Indenture, in a manner and under circumstances that are not inconsistent with the provisions of this Indenture.
The Owner Trustee shall not have the power, except upon the written direction of the Certificateholders with the prior written consent of the Controlling Party or, prior to the Class A Termination Date, the Controlling Party in accordance with the Basic Documents, to (a) remove the Servicer under the Sale and Servicing Agreement or (b) except as expressly provided in the Basic Documents, sell the Dealer Loans after the termination of the Indenture.
If a successor Indenture Trustee that is, prior to the Class A Termination Date, acceptable to the Controlling Party does not take office within 60 days after the retiring Indenture Trustee resigns or is removed, the retiring Indenture Trustee or the Controlling Party may petition any court of competent jurisdiction for the appointment of a successor Indenture Trustee that meets the eligibility requirements set forth in Section 6.12 hereof.
If the Indenture Trustee fails to comply with Section 6.15, any Noteholder, prior to the Class A Termination Date with the prior written consent of the Controlling Party, may petition any court of competent jurisdiction for the removal of the Indenture Trustee and the appointment of a successor Indenture Trustee acceptable to the Controlling Party.

More Definitions of Class A Termination Date

Class A Termination Date means the date on which: (i) all amounts owing to the Class A Noteholders and, as certified in writing by the relevant party to the Owner Trustee, the Class A Insurer, the Indenture Trustee, the Trust Collateral Agent, the Owner Trustee, the Backup Servicer and the Backup Insurer under the Basic Documents are paid in full; and (ii) the Class A Note Insurance Policy and the Backup Insurance Policy have expired in accordance with their respective terms and have been returned to the Class A Insurer and the Backup Insurer, as applicable, for cancellation.

Class A Termination Date in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

Class A Termination Date. The Payment Date upon which the Class A ------------------------ Certificate Balance is reduced to zero.

Class A Termination Date means the date on which all amounts owing to the Class A Noteholders and, as certified in writing by the relevant party to the Owner Trustee, the Indenture Trustee, the Swap Counterparty, the Trust Collateral Agent, the Owner Trustee and the Backup Servicer under the Basic Documents are paid in full.

Class A Termination Date as defined in Section 6.07(a).

Class A Termination Date. The Payment Date on which the Certificate Principal Balance of each Class A Certificate has been reduced to zero.

Class A Termination Date means April 13, 2011.

Filter & Search

Related Definitions