Daily Remittance definition
Daily Remittance is defined in Section 6.11(a) of the Servicing Agreement.
Daily Remittance has the meaning specified in Section 6.12(a).
Daily Remittance means the remittance of Securitization Charges to the General Subaccount of the Collection Account as described in Section 6.11(a) of the Servicing Agreement.
Examples of Daily Remittance in a sentence
Prior to each Daily Remittance, the Servicer may invest SRC Collections received at its own risk and for its own benefit.
More Definitions of Daily Remittance
Daily Remittance has the meaning set forth in Section 6.11(a).
Daily Remittance means all Estimated Environmental Control Charge Collections (from whatever source) and all proceeds of other collateral of the Issuer, if any, received by the Servicer and remitted each Servicer Business Day by the Servicer to the Indenture Trustee for deposit in the appropriate Collection Account, in accordance with Section 5.11(a) of the Servicing Agreement.
Daily Remittance means the Securitization Charges collected on such Servicer Business Day.