COLLECTION PERIODS definition

COLLECTION PERIODS. Any check, draft, money order or other instrument given in payment of all or any portion hereof may be accepted by HSBC and handled in collection in the customary manner, but the same shall not constitute payment hereunder or diminish any rights of HSBC except to the extent that actual cash proceeds of such instrument are unconditionally received by HSBC; provided, however, that this Note shall not be in default as the result of normal collection periods on such instruments.
Sample 1Sample 2Sample 3
COLLECTION PERIODS to ________ PAYMENT DATE: __________ 1. COLLECTIONS ALLOCABLE AND AGGREGATE AMOUNTS AVAILABLE FOR THE CURRENT PAYMENT DATE:
Sample 1Sample 2Sample 3
COLLECTION PERIODS. With respect to the first Distribution Date, the 3 Monthly Calculation Periods immediately preceding the month in which such Distribution Date occurs. With respect to any subsequent Distribution Date, the 3 Monthly Calculation Periods immediately preceding the month in which the Distribution Date occurs.
Sample 1Sample 2

Examples of COLLECTION PERIODS in a sentence

  • If Principal Collections are drawn upon to cover shortfalls in interest collections and there are insufficient excess interest collections in succeeding Collection Periods to repay those Principal Draws, Noteholders may not receive full repayment of principal on their Notes.

  • For any Payment Date, commencing with the Payment Date in June 2021, the sum of the delinquency percentages for each of the prior three Collection Periods, divided by three, exceeds 4.65%.

  • For any Payment Date, commencing with the Payment Date in September 2019, the sum of the delinquency percentages for each of the prior three Collection Periods, divided by three, exceeds 3.95%.

  • For any Payment Date, commencing with the Payment Date in September 2020, the sum of the delinquency percentages for each of the prior three Collection Periods, divided by three, exceeds 4.65%.

  • CNH Industrial Capital America then applied multiples to the highest delinquency rates observed during the first 12 Collection Periods and the remaining Collection Periods, as shown in the table below.

  • For any Payment Date, commencing with the Payment Date in August 2022, the sum of the delinquency percentages for each of the prior three Collection Periods, divided by three, exceeds 4.65%.

  • The 61+ day delinquency trigger will be 10% for the first 12 Collection Periods following the cutoff date and 16% for the remaining Collection Periods that the notes are outstanding.

  • On any Calculation Date, the arithmetic mean of the Arrear Ratios of the four preceding Collection Periods (each calculated in the relevant Collection Date) exceeds 7%.

  • Management Fee Arrearage: For any Payment Date, an amount equal to any unpaid Management Fee from all prior Collection Periods.

  • During the Collection Periods, the Company shall cooperate with the Buyer, and may participate with the Buyer in the collection of the Closing A/R, provided that the Buyer shall have control over the timing and method of such collection efforts.


More Definitions of COLLECTION PERIODS

COLLECTION PERIODS means the following periods:
Sample 1Sample 2
COLLECTION PERIODS. Any check, draft, money order or other instrument given in payment of all or any portion hereof may be accepted by National City and handled in collection in the customary manner, but the same shall not constitute payment hereunder or diminish any rights of National City except to the extent that actual cash proceeds of such instrument are unconditionally received by National City; provided, however, that this Credit Note shall not be in default as the result of normal collection periods on such instruments.
Sample 1Sample 2
COLLECTION PERIODS. Any check, draft, money order or other instrument given in payment of all or any portion hereof may be accepted by Chase and handled in collection in the customary manner, but the same shall not constitute payment hereunder or diminish any rights of Chase except to the extent that actual cash proceeds of such instrument are unconditionally received by Chase; provided, however, that this Credit Note shall not be in default as the result of normal collection periods on such instruments.
Sample 1
COLLECTION PERIODS. Distribution Date:
Sample 1
COLLECTION PERIODS shall be deemed to refer to "calendar month" and "calendar months", respectively, and with respect to each calendar month preceding the Closing Date, the numerator of the fraction referred to above shall equal the aggregate amount of adjustments (determined in accordance with the definition of Adjustments, except that, for this purpose, the reference to the Receivables in such definition shall be deemed to refer to the receivables in the accounts in the Bank Portfolio) with respect to the receivables in the accounts in the Bank Portfolio and the denominator of such fraction shall equal the aggregate gross amount of cardholder charges and fees in the accounts in the Bank Portfolio with respect to such calendar month.
Sample 1

Related to COLLECTION PERIODS

  • Collection Period means, with respect to any Payment Date, the period commencing on the first day of the calendar month immediately preceding the month in which such Payment Date occurs (and, in the case of the first Collection Period, the period from (but excluding) the Cutoff Date) and ending on the last day of the calendar month immediately preceding the month in which such Payment Date occurs.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • Collection Day means any day which is scheduled by the Municipality for municipal collection of collectible waste.

  • Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.

  • Monthly Period means the period from and including the first day of a calendar month to and including the last day of such calendar month.

  • Accounting Periods means each month.

  • Rapid Amortization Period means the Amortization Period commencing on the Pay Out Commencement Date and ending on the earlier to occur of (a) the Series 2001-D Termination Date and (b) the termination of the Trust pursuant to Section 12.01 of the Agreement.

  • Collection Date The date following the Termination Date on which the Aggregate Unpaids have been reduced to zero and indefeasibly paid in full.

  • Interim Servicing Period The period from the Closing Date to the related Servicing Transfer Date.

  • Amortization Period means, with respect to any Series, or any Class within a Series, a period following the Revolving Period during which principal is distributed to Investor Certificateholders, which shall be the controlled amortization period, the principal amortization period, the rapid amortization period, or other amortization period, in each case as defined with respect to such Series in the related Supplement.

  • Due Period With respect to any Distribution Date, the period commencing on the second day of the month immediately preceding the month in which such Distribution Date occurs and ending on the first day of the month in which such Distribution Date occurs.

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2009-VFN Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Curtailment Period means the period of time during which Seller reduces generation from the Project, pursuant to a Curtailment Order. The Curtailment Period shall be inclusive of the time required for the Project to ramp down and ramp up; provided that such time periods to ramp down and ramp up shall be consistent with the Ramp Rate designated in the Cover Sheet.

  • Unscheduled Payments means (a) all Loss Proceeds that Borrower has elected or is required to apply to the repayment of the Debt pursuant to this Security Instrument, the Note or any other Loan Documents, (b) any funds representing a voluntary or involuntary principal prepayment other than scheduled Principal Payments and (c) any Net Proceeds.

  • Scheduled Payments means, as to each Insured Distribution Date, payments which are required to be made to Holders in accordance with the original terms of the Obligations when issued and without regard to any subsequent amendment or modification of the Obligations or of the Indenture except amendments or modifications to which Financial Security has given its prior written consent, which payments are (i) the Noteholders' Interest Distributable Amount with respect to the related Distribution Date, (ii) the Noteholders' Remaining Parity Deficit Amount with respect to the related Distribution Date and (iii) with respect to the Final Scheduled Distribution Date for any class of Obligations, the outstanding principal amount of such class on such Final Scheduled Distribution Date, after taking into account reductions on such Date of such outstanding principal amount from all sources other than this Policy. Scheduled Payments do not include payments which become due on an accelerated basis as a result of (a) a default by the Obligor, (b) an election by the Obligor to pay principal on an accelerated basis, (c) the occurrence of an Event of Default under the Indenture or (d) any other cause, unless Financial Security elects, in its sole discretion, to pay in whole or in part such principal due upon acceleration, together with any accrued interest to the date of acceleration. In the event Financial Security does not so elect, this Policy will continue to guarantee payment on the Obligations in accordance with their original terms. Scheduled Payments shall not include (x) any portion of a Noteholders' Interest Distributable Amount due to Holders because the appropriate notice and certificate for payment in proper form as required by paragraph 2 hereof was not timely Received by Financial Security, (y) any portion of a Noteholders' Interest Distributable Amount due to Holders representing interest on any Noteholders' Interest Carryover Amount accrued from and including the date of payment of the amount of such Noteholders' Interest Carryover Amount pursuant hereto or (z) any Note Prepayment Amounts, unless Financial Security elects, in its sole discretion, to pay such amount in whole or in part. Scheduled Payments shall not include any amounts due in respect of the Obligations attributable to any increase in interest rate, penalty or other sum payable by the Obligor by reason of any default or event of default in respect of the Obligations, or by reason of any deterioration of the credit worthiness of the Obligor, nor shall Scheduled Payments include, nor shall coverage be provided under this Policy in respect of, any taxes, withholding or other charge with respect to any Holder imposed by any governmental authority due in connection with the payment of any Scheduled Payment to a Holder.

  • Excess Cash Flow Payment Period with respect to the prepayment required on each Excess Cash Flow Application Date, the immediately preceding fiscal year of the Borrower.

  • Reimbursement Amounts As defined in Section 3.22.

  • Due Date The day of the month on which the Monthly Payment is due on a Mortgage Loan, exclusive of any days of grace.

  • REO Disposition Period As defined in Section 3.14. REO Proceeds: Proceeds, net of any related expenses of the Servicer, received in respect of any REO Property (including, without limitation, proceeds from the rental of the related Mortgaged Property) which are received prior to the final liquidation of such Mortgaged Property.