Examples of Allocation Day in a sentence
Not later than 2:00 p.m. (New York City time) on each Weekly Allocation Day, the Trustee (in consultation with the Servicer, to the extent deemed necessary by the Trustee) shall prepare and deliver to the Sellers, the Servicer and the Paying Agent a report with respect to each outstanding Series (the "WEEKLY TRUSTEE REPORT") in substantially the form set forth in EXHIBIT B hereto.
Funds in the Series 2001-A Collection Subaccount shall be invested in Permitted Investments maturing and available for transfer on or prior to the next following Weekly Allocation Day.
In addition, at the beginning of each Allocation Day, the Servicer shall allocate to the Holder of the Exchangeable Certificate an amount equal to the product of (A) the Exchangeable Holder's Percentage applicable to the allocation of Series Default Amounts on such day and (B) the amount of Default Amounts allocated as Series Default Amounts for such Allocation Day.
On each Allocation Day during a Collection Period, the Servicer will allocate Series Default Amounts to the Variable Base Certificates based on the applicable VBC Allocation Percentage.
On each Allocation Day during a Collection Period, the Servicer will allocate Series Finance Charge Collections to the Variable Base Certificates based on the applicable VBC Allocation Percentage.