Class C Principal Commencement Date definition
Class C Principal Commencement Date means the earlier of (a) the Distribution Date on which the Class B Invested Amount is paid in full or, if there are no Principal Collections allocable to the Series 1998-2 Investor Certificates remaining after payments have been made to the Class B Certificates on such Distribution Date, the Distribution Date following the Distribution Date on which the Class B Invested Amount is paid in full and (b) the Distribution Date following a sale or repurchase of the Receivables as set forth in the Pooling and Servicing Agreement and the 1998-2 Series Supplement.
Class C Principal Commencement Date shall be the first Distribution Date (1) for the Controlled Accumulation Period, on which an amount equal to the aggregate of the Class A Investor Interest and the Class B Investor Interest has been deposited into the Series 2005-B Principal Funding Ledger identified, and in the relevant ledger for Class A and Class B,
Class C Principal Commencement Date means the Distribution Date ----------------------------------- on which the Class B Invested Amount is paid in full.
Examples of Class C Principal Commencement Date in a sentence
On the Class C Principal Commencement Date, after the payment of any principal amounts to the Class B Certificates on such day, and on each Distribution Date thereafter until the Class C Invested Amount is paid in full, the Paying Agent shall pay in accordance with Section 5.1 to the Class C Certificateholders from the Distribution Account such amount deposited into the Distribution Account on the related Transfer Date.
More Definitions of Class C Principal Commencement Date
Class C Principal Commencement Date means (i) the Distribution Date on which the Class B Invested Amount is paid in full, or (ii) if the Class B Invested Amount is paid in full on the Class B Expected Final Payment Date and the Early Amortization Period has not commenced, the Distribution Date following the Class B Expected Final Payment Date or, if the commencement of the Class C Scheduled Accumulation Period is delayed as provided in Section 4.3(h), the immediately following Distribution Date.
Class C Principal Commencement Date means the earlier of (a)the Distribution Date on which the Class B Invested Amount is paid in full or, if there are no Principal Collections allocable to the Series1998-1 Investor Certificates remaining after payments have been made to the Class B Certificates on such Distribution Date, the Distribution Date following the Distribution Date on which the Class B Invested Amount is paid in full and (b)the Distribution Date following a sale or repurchase of the Receivables as set forth in the Pooling and Servicing Agreement and the 1998-1 Series Supplement.
Class C Principal Commencement Date means the earlier of (a) the Distribution Date in the Controlled Accumulation Period on which the Class B Invested Amount is paid in full or, if there are no Principal Collections allocable to the Series 1995-1 Investor Certificates remaining after payments have been made to the Class B Certificates on such Distribution Date, the Distribution Date following the Distribution Date on which the Class B Invested Amount is paid in full and (b) the Distribution Date following a sale or repurchase of the Receivables as set forth in Sections 2.4(e), 9.2, 10.2, 12.1 or 12.2 of the Agreement and Section 3 of this Series Supplement.