Business Day Received definition

Business Day Received shall have the meaning specified in subsection 2.3(e) of the Servicing Agreement.
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Business Day Received means, except as otherwise set forth in the applicable Supplement, with respect to funds deposited in a Collection Account, such day of deposit.
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Business Day Received means, except as otherwise set forth in the applicable Supplement, (i) with respect to funds deposited in the Collection Account (a) if funds are deposited in the Collection Account by 12:00 (Noon), New York City time, such day of deposit and (b) if funds are deposited in the Collection Account after 12:00 (Noon), New York City time, the Business Day immediately following such day of deposit and (ii) with respect to funds deposited in any Lock-Box Account, such day of deposit.
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Examples of Business Day Received in a sentence

  • As used herein, the term "Business Day Received" shall mean (i) if funds are otherwise deposited in the Collection Account by 1:00 p.m. (New York City time), such day of deposit and (ii) if funds are deposited in the Collection Account after 1:00 p.m. (New York City time), the Business Day next following such day of deposit.

  • The Buyer shall treat all immediately available funds received by it or deposited in the Application Account as "Principal Collections" attributable to its Undivided Interest for purposes of this Agreement and shall treat all immediately available funds received by it or deposited in the Finance Charge Account as "Finance Charge Collections" and all such funds shall be treated as having been received as of the Business Day Received (as defined in the immediately succeeding sentence).

  • As used herein, the term "Business Day Received" shall mean (i) if funds are deposited in the Collection Account by 11:00 a.m., Chicago time, such day of deposit and (ii) if funds are deposited in the Collection Account after 11:00 a.m., Chicago time, the Business Day next following such day of deposit.

  • As used herein, the term "Business Day Received" shall mean (i) if funds are deposited in such Application Account or Finance Charge Account by 12:00 noon (Chicago time), such day of deposit and (ii) if funds are deposited in such Application Account or Finance Charge Account after 12:00 noon (Chicago time), the Business Day next following such day of deposit.


More Definitions of Business Day Received

Business Day Received means (i) if funds are deposited in the Collection Account by 3:00 p.m., New York City time, such day of deposit and (ii) if funds are deposited in the Collection Account after 3:00 p.m., New York City time, the Business Day next following such day of deposit.
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Business Day Received means, except as otherwise set forth in the applicable Supplement, (i) with respect to funds deposited in the Collection Account (a) if funds are deposited in the Collection Account by 1:30 p.m., New York City time, such day of deposit and (b) if funds are deposited in the Collection Account after 1:30 p.m., New York City time, the Business Day immediately following such day of deposit and (ii) with respect to funds deposited in any Lockbox Account (a) if funds are deposited in such Lockbox Account by the cut-off time established by the related Lockbox Processor for same-day processing of deposits, such day of deposit and (b) if funds are deposited in such Lockbox Account after such cut-off time, the Business Day immediately following such day of deposit.
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Business Day Received as defined in subsection 12.1(b)(vi) of the Receivables Transfer Agreement.
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Business Day Received shall have the meaning assigned in subsection 3.1(d).
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Business Day Received means (i) if funds are deposited in such Application Account or Finance Charge Account by 12:00 noon (Chicago time), such day of deposit and (ii) if funds are deposited in such Application Account or Finance Charge Account after 12:00 noon (Chicago time), the Business Day next following such day of deposit.
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Related to Business Day Received

  • Payment Business Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in Stockholm and Frankfurt am Main and on which the Clearing System settles payments in the Issue Currency.

  • Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

  • Bank Business Day means a day on which the Bank conducts business activities as per its effective opening hours, so when the Bank is open for the purpose of executing payment transactions.

  • FX Business Day is any day when (a) Bank’s Foreign Exchange Department is conducting its normal business and (b) the Foreign Currency being purchased or sold by Borrower is available to Bank from the entity from which Bank shall buy or sell such Foreign Currency.

  • Relevant Business Day means a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007 (TARGET2) is open for the settlement of payments in EUR.

  • PRC Business Day means a day (other than a Saturday, Sunday or public holiday) on which commercial banks are generally open for business in Beijing;

  • New York Business Day means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York City are generally authorized or obligated by law or executive order to close.

  • CSD Business Day means a day on which the Book-Entry Securities System is open in accordance with the regulations of the CSD.

  • Domestic Business Day means any day except a Saturday, Sunday or other day on which commercial banks in New York City are authorized by law to close.

  • USGS Business Day means any day except for a Saturday, Sunday or a day on which the Securities Industry and Financial Markets Association or any successor thereto (“SIFMA”) recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities.

  • Business Days means days when banks are open for business in the State of Delaware.

  • TARGET2 Business Day means, a day in which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System or any successor is open.

  • RFR Business Day means as applicable, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to (i) Sterling, a day on which banks are open for general business in London and (ii) Euro, a TARGET Day.

  • SOFR Business Day means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.

  • School business day means any calendar day except Saturdays, Sundays, and any federal and school holidays upon which the office of the Superintendent is open to the public for business. A school business day concludes or terminates upon the closure of the Superintendent’s office for the calendar day.

  • Singapore Business Day means a day (except Saturdays, Sundays and public holidays) on which commercial banks are open for business in Singapore.

  • Euro Business Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System, or any successor system, is open for business.

  • New York City Banking Day means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in New York City;

  • TARGET Business Day means a day on which the TARGET System is operating.

  • Fund Business Day means any day on which the NAV of Shares of each Fund is determined as stated in the then current Prospectus.

  • Index Business Day means, in respect of an Index, any day on which the Index Sponsor in respect of such Index is scheduled to publish the level of the Index.

  • Banking Business Day means any day other than a Saturday or Sunday that is not a day on which banking institutions in The City of New York are authorized or required by law, regulation or executive order to close.

  • London Business Day Any day on which dealings in deposits of United States dollars are transacted in the London interbank market.

  • Local Business Day means, subject to the Schedule, a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits)

  • Determination Business Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange) in Hong Kong, London and New York City;

  • Banking Days means day(s) on which banks are open for the transaction of business in Xxxxxx, Xxxxxxx, Xxxx Xxxx, Xxxxxxxxx, Xxxxxxx and New York, New York;