Scheduled Payments Definition Example with 5 Variations

This page contains an example definition of Scheduled Payments, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Scheduled Payments. Shall mean, with respect to any Payment Date, an amount equal to the sum of (a) the Class A Noteholders' Monthly Interest Distributable Amount for the related Payment Date and (b) if the related Payment Date is the Final Scheduled Payment Date for any class of Class A Notes, the outstanding principal amount of such Class on such date after 5 application of all funds available to pay principal amounts on such class of Class A Notes from all sources... other than the Policy; provided that Scheduled Payments shall not include (x) any portion of the Class A Noteholders' Monthly Interest Distributable Amount due to Holders because the Notice in proper form was not timely received by Ambac, or (y) any portion of a Class A Noteholders' Interest Distributable Amount due to Holders representing interest on any Class A Noteholders' Interest Carryover Amount accrued from and including the date of payment of the amount of such Class A Noteholders' Interest Carryover Amount pursuant to the Policy. View More Arrow
Found in BOND SECURITIZATION LLC contract

Variations

Scheduled Payments. Shall shall mean, with respect to any Payment Distribution Date, an amount equal to the sum of (a) the Class A Noteholders' Monthly Interest Distributable Amount and the Class A Noteholders' Parity Deficit Amount for the related Payment Distribution Date and and, without duplication, (b) if the related Payment Distribution Date is the Final Scheduled Payment Distribution Date for any class of Class A Notes, the outstanding principal amount of such Class on such date after 5 application of all... funds available to pay principal amounts on such class Class of Class A Notes from all sources other than the Policy; provided that Scheduled Payments shall not include (x) any portion of the a Class A Noteholders' Monthly Interest Distributable Amount or of a Class A Noteholders' Interest Carryover Amount due to Holders because the Notice in proper form was not timely received by Ambac, or (y) any portion of a Class A Noteholders' Interest Distributable Amount due to Holders representing interest on any Class A Noteholders' Interest Carryover Amount accrued from and including the date of payment of the amount of such Class A Noteholders' Interest Carryover Amount pursuant to the Policy. View More Arrow
Found in 2 Contracts from 2 Companies
Scheduled Payments. Shall shall mean, with respect to any Payment Distribution Date, an amount equal to the sum of (a) the Class A Noteholders' Monthly Interest Distributable Amount and the Class A Noteholders' Parity Deficit Amount for the related Payment Distribution Date and and, without duplication, (b) if the related Payment Distribution Date is the Final Scheduled Payment Distribution Date for any class of Class A Notes, the outstanding principal amount of such Class on such date after 5 application of all... funds available to pay principal amounts on such class Class of Class A Notes from all sources other than the Policy; provided that Scheduled Payments shall not include (x) any portion of the a Class A Noteholders' Monthly Interest Distributable Amount or of a Class A Noteholders' Interest Carryover Amount due to Holders because the Notice in proper form was not timely received by Ambac, or (y) any portion of a Class A Noteholders' Interest Distributable Amount due to Holders representing interest on any Class A Noteholders' Interest Carryover 5 Amount accrued from and including the date of payment of the amount of such Class A Noteholders' Interest Carryover Amount pursuant to the Policy. View More Arrow
Found in TRIAD AUTOMOBILE RECEIVABLES TRUST 2004-A contract
Scheduled Payments. Shall shall mean, with respect to any Payment Distribution Date, an amount equal to the sum of (a) the Class A Noteholders' Monthly Interest Distributable Amount and the Class A Noteholders' Parity Deficit Amount for the related Payment Distribution Date and and, without duplication, (b) if the related Payment Distribution Date is the Final Scheduled Payment Distribution Date for any class of Class A Notes, the outstanding principal amount of such Class on such date after 5 application of all... funds available to pay principal amounts on such class Class of Class A Notes from all sources other than the Policy; provided that Scheduled Payments shall not include (x) any portion of the a Class A Noteholders' Monthly Interest Distributable Amount or of a Class A 5 Noteholders' Interest Carryover Amount due to Holders because the Notice in proper form was not timely received by Ambac, or (y) any portion of a Class A Noteholders' Interest Distributable Amount due to Holders representing interest on any Class A Noteholders' Interest Carryover Amount accrued from and including the date of payment of the amount of such Class A Noteholders' Interest Carryover Amount pursuant to the Policy. View More Arrow
Found in Triad Financial Special Purpose LLC contract
Scheduled Payments. Shall shall mean, with respect to any Payment Distribution Date, an amount equal to the sum of (a) the Class A Noteholders' Monthly Interest Distributable Amount and the Class A Noteholders' Remaining Parity Deficit Amount for the related Payment Distribution Date and and, without duplication, (b) if the related Payment Distribution Date is the Final Scheduled Payment Distribution Date for any class of Class A Notes, the outstanding principal amount of such Class on such date after 5... application of all funds available to pay principal amounts on such class Class of Class A Notes from all sources other than the Policy; provided that Scheduled Payments shall not include (x) any portion of the a Class A Noteholders' Monthly Interest Distributable Amount or of a Class A Noteholders' Interest Carryover Amount due to Holders because the Notice in proper form was not timely received by Ambac, or (y) any portion of a Class A Noteholders' Interest Distributable Amount due to Holders representing interest on any Class A Noteholders' Interest Carryover Amount accrued from and including the date of payment of the amount of such Class A Noteholders' Interest Carryover Amount pursuant to the Policy. View More Arrow
Found in TRIAD AUTOMOBILE RECEIVABLES TRUST 2002 A contract
Scheduled Payments. Shall shall mean, with respect to any Payment Date, an amount equal to the sum of (a) the Class A Noteholders' Monthly Note Interest Distributable Amount and the Principal Deficit for the related Payment Date and and, without duplication, (b) if the related Payment Date is the Final Scheduled Payment Date for any class of Class A Notes, the outstanding principal amount Aggregate Outstanding Principal Balance of such Class on 4 such date after 5 application of all funds available to pay... principal amounts on such class of Class A Notes from all sources other than the Policy; date; provided that Scheduled Payments shall not include (x) any portion of the Class A Noteholders' Monthly Note Interest Distributable or of an Interest Carryover Amount due to Holders because the Notice in proper form was not timely received by Ambac, or (y) any portion of a Class A Noteholders' Note Interest Distributable Amount due to Holders representing interest on any Class A Noteholders' Interest Carryover Amount accrued from and including the date of payment of the amount of such Class A Noteholders' Interest Carryover Amount pursuant to the Policy. View More Arrow
Found in Capital One Auto Receivables LLC contract
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