Bank Remittance Date definition
Bank Remittance Date means, with respect to any Payment Date, two Business Days prior to such Payment Date.
Bank Remittance Date means, with respect to any Payment Date, two Business Days prior to such Payment Date. “Bankruptcy” shall have the meaning specified in the Tranched Credit Default Swap.
Examples of Bank Remittance Date in a sentence
On each Bank Remittance Date during the Holdback Period, the Bank shall remit to the Distribution Account for payment to the applicable Noteholders of each outstanding Class of Notes on the related Payment Date an amount equal to the Current Interest for such outstanding Class of Notes.
The Securities Administrator is hereby directed by the Bank, on each Bank Remittance Date, to transfer funds representing interest earned and payable on Eligible Investments held in the Collateral Account during the related Interest Period to the Distribution Account for distribution to the Noteholders on the related Payment Date.