Class D Principal Payment Commencement Date definition
Class D Principal Payment Commencement Date means the earlier of (a) the Distribution Date on which the Class C 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 C Certificates on such Distribution Date, the Distribution Date following the Distribution Date on which the Class C Invested Amount is paid in full and (b) the Distribution Date following a sale or repurchase of the Receivables as set forth in Pooling and Servicing Agreement and the 1998-2 Series Supplement.
Class D Principal Payment Commencement Date means the earlier of (a) during the Amortization Period, the first Distribution Date on which the CTO Invested Amount is paid in full or, if there are no Principal Collections allocable to the Series 1998-1 Securities remaining after payments have been made to the Collateralized Trust Obligations on such Distribution Date, the Distribution Date following the first Distribution Date on which the CTO Invested Amount is paid in full and (b) the Distribution Date following a sale or repurchase of the Receivables as set forth in Section 2.4(e), 10.2(a), 12.1 or 12.2 of the Agreement or Section 3 of this Series Supplement.
Class D Principal Payment Commencement Date means the earlier of (a) during the Amortization Period, the first Distribution Date on which the Class C Invested Amount is paid in full or, if there are no Principal Collections allocable to the Series 1997-2 Certificates remaining after payments have been made to the Class C Certificates on such Distribution Date, the Distribution Date following the first Distribution Date on which the Class C Invested Amount is paid in full and (b) the Distribution Date following a sale or repurchase of the Receivables as set forth in Section 2.4(e), 9.2, 10.2(a), 12.1 or 12.2 of the Agreement or Section 3 of this Series Supplement.
Examples of Class D Principal Payment Commencement Date in a sentence
On the Transfer Date preceding the Class D Principal Payment Commencement Date and each Transfer Date thereafter, the Trustee, acting in accordance with instructions from the Servicer set forth in the Daily Report for such day, shall withdraw from the Principal Account and deposit in the Distribution Account, to the extent of funds available, an amount equal to the Class D Principal for the related Distribution Date.
On the Class D Principal Payment Commencement Date, after the payment of any principal amounts to the Class C Certificates on such day, and on each Distribution Date thereafter until the Class D Invested Amount is paid in full, the Paying Agent shall pay in accordance with Section 5.1 to the Class D Certificateholders from the Distribution Account such amount deposited into the Distribution Account on the related Transfer Date.
More Definitions of Class D Principal Payment Commencement Date
Class D Principal Payment Commencement Date means the earlier of (a)the Distribution Date on which the Class C Invested Amount is paid in full or, if there are no Principal Collections allocable to the Series 1998-1 Investor Certificates remaining after payments have been made to the Class C Certificates on such Distribution Date, the Distribution Date following the Distribution Date on which the Class C Invested Amount is paid in full and (b)the Distribution Date following a sale or repurchase of the Receivables as set forth in Pooling and Servicing Agreement and the 1998-1 Series Supplement.
Class D Principal Payment Commencement Date means the earlier of (a) the Distribution Date on which the Class C 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 C Certificates on such Distribution Date, the Distribution Date following the Distribution Date on which the Class C 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(a), 9.2, 10.21, 12.1 and 12.2 of the Agreement and Section 3 of this Series Supplement.
Class D Principal Payment Commencement Date means the earlier of (a) the first Business Day in the Amortization Period on which the Class C Invested Amount is paid in full or, if there are no Principal Collections allocable to the Series 1998-3 Securities remaining after payments have been made to the Class C Securities on such Business Day, the Business Day following the Business Day on which the Class C Invested Amount is paid in full, and (b) the Business Day following a sale or repurchase of the Receivables as set forth in Sections 2.4(e), 9.2, 10.2, 12.1 and 12.2 of the Agreement and Section 3 of this Series Supplement.
Class D Principal Payment Commencement Date means the earliest of (a) the Distribution Date in the Scheduled Amortization Period after the one on which the Class C Invested Amount is paid in full, (b) the Distribution Date in a Rapid Amortization Period on which the Class C Invested Amount is paid in full or, if there are no Principal Collections allocable to the Series 1999-1 Investor Certificates remaining after payments have been made to the Class C Certificates on such Distribution Date, the Distribution Date following the Distribution Date on which the Class C Invested Amount is paid in full and (c) the Distribution Date following a sale or repurchase of the Receivables as set forth in Sections 2.4(e), 9.2, 10.2(a), 12.1 or 12.2 of the Agreement and Section 3 of this Series Supplement.
Class D Principal Payment Commencement Date means the earlier of (a) during the Amortization Period, the first Distribution Date on which the Class C Invested Amount is paid in full or, if there are no Prin- cipal Collections allocable to the Series 1997-1 Certificates remaining after payments have been made to the Class C Certificates on such Distribution Date, the Distribution Date following the first Distribution Date on which the Class C Invested Amount is paid in full and (b) the Distribution Date following a sale or repurchase of the Receivables as set forth in Section 2.4(e), 9.2, 10.2(a), 12.1 or 12.2 of the Agreement or Section 3 of this Series Supplement.
Class D Principal Payment Commencement Date means the earlier of (a) the first Distribution Date on which the CTO Invested Amount is paid in full or, if there are no Principal Collections allocable to the Series 1998-1 Securities remaining after payments have been made to the Collateralized Trust Obligations on such Distribution Date, the Distribution Date following the Distribution Date on which the CTO 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 and 12.2 of the Agreement and Section 3 of this Series Supplement.