Daily Settlement Date definition

Daily Settlement Date means, with respect to a Monthly Period, each Business Day commencing with the Business Day immediately following the Cash Receipt Date in such Monthly Period to and including the first Business Day of the next following Monthly Period.
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Daily Settlement Date means the first (1st) Business Day following the date each Daily Report is due pursuant to Section 6.5(d).
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Daily Settlement Date means, for each Settlement Period for each Receivable Interest, each Business Day during such Settlement Period on which the Servicer shall be required to set aside and hold in trust for the Owner of each Receivable Interest any amount of Collections of Pool Receivables pursuant to clause (i)(B) or (ii)(B) of Section 2.05(a).
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Examples of Daily Settlement Date in a sentence

  • The Affected Seller shall pay to the Purchaser on or prior to the next Applicable Daily Settlement Date the repurchase price required to be paid pursuant to this subsection as provided in Section 2.03(a).

  • The Purchase Price for the Transferred Receivables sold by each Seller to the Purchaser pursuant to this Agreement shall be paid on the Closing Date and each Daily Settlement Date (i) in cash, and (ii) in the sole discretion of the relevant Seller, as capital contributed by that Seller to the Purchaser, or any combination of the foregoing.

  • As consideration for Transferred Receivables transferred by the Originators to Seller on the Initial Purchase Date or any Daily Settlement Date, Seller will pay an amount equal to the fair market value of such Transferred Receivables, as agreed between Seller and the relevant Originator.

  • If any payment from any Lender to Collateral Agent or from Collateral Agent to any Lender is not, in fact, made by the party from whom payment is due, the other party shall be entitled to recover such corresponding amount on demand (which demand shall be promptly made) together with interest thereon at the Federal Funds Rate, for each day from the Funding Date or Daily Settlement Date on which such amount was due until such amount is paid.

  • The Affected Seller shall, upon not less than two (2) Business Days' notice from the Purchaser or its assignee or designee, purchase such Transferred Relevant Receivable for a repurchase price equal to the Outstanding Balance of such Transferred Relevant Receivable or replace such Transferred Relevant Receivable with an equivalent Eligible Receivable, each to occur on the next succeeding Applicable Daily Settlement Date.

  • Provided that each Lender has made all payments required to be made by it hereunder, on or prior to 11:00 a.m. (Chicago time) on the next Business Day after receipt by Collateral Agent of any payments of principal with respect to the Loans and interest, fees and other amounts with respect to the Liabilities (the "Daily Settlement Date"), Collateral Agent shall pay to each Lender the amount of such Lender's Pro Rata Share of such payments.

  • On the Initial Daily Settlement Date, the Company and the Reinsurer shall net settle the Daily Settlement to include all applicable settlement items for the period from the Effective Date up to and including the Initial Daily Settlement Date.

  • Whenever Agent has elected a Daily Settlement Date, and as long as Agent's election remains in effect, Agent will pay to each Lender its pro rata share of all payments, if any, described in Section 4.2.1, which were received by Agent in finally collected funds on or before 2:30 p.m., Cincinnati, Ohio time, on the next Business Day following receipt by Agent, so long as a Lender has made all payments required to be made by it under this Agreement.

  • The Affected Seller shall, upon not less than two (2) Business Days’ notice from the Purchaser or its assignee or designee, purchase such Transferred Relevant Receivable for a repurchase price equal to the Outstanding Balance of such Transferred Relevant Receivable or replace such Transferred Relevant Receivable with an equivalent Eligible Receivable, each to occur on the next succeeding Applicable Daily Settlement Date.


More Definitions of Daily Settlement Date

Daily Settlement Date means each Business Day on which a Seller holds Receivables created by such Seller prior to the close of business on the preceding Business Day and not previously transferred hereunder to the Purchaser.
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Related to Daily Settlement Date

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • Early Settlement Date has the meaning specified in Section 5.9(a).

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Daily Settlement Price means the settlement price for a Swap calculated each Business Day by or on behalf of BSEF. The Daily Settlement Price can be expressed in currency, spread, yield or any other appropriate measure commonly used in swap markets.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Mandatory Settlement Date means the earliest of:

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Final Settlement Date has the meaning set forth in Section 2.4(c).

  • Early Settlement Rate has the meaning specified in Section 5.9(b).

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Physical Settlement Date means the date (which may occur after the Scheduled Maturity Date) specified as such in the Intended Physical Settlement Notice falling 10 Business Days after the date of the Intended Physical Settlement Notice.

  • Settlement Date means, with respect to the Called Principal of any Note, the date on which such Called Principal is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires.

  • Remarketing Settlement Date means the date of the settlement of any Successful Remarketing, which will be three Business Days after such Remarketing.

  • Termination Settlement Date means, for any Terminated Obligation, the date customary for settlement, substantially in accordance with the then-current market practice in the principal market for such Terminated Obligation (as determined by the Calculation Agent), of the sale of such Terminated Obligation with the trade date for such sale occurring on the related Termination Trade Date.

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour.

  • Early Settlement has the meaning specified in Section 5.9(a).

  • Scheduled Settlement Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Final Redemption Settlement Date means the day that falls three Currency Business Days after the Final Redemption Date.

  • First Settlement Date means the date set forth in footnote 3 under "Summary of Essential Financial Information" in the Prospectus Part I for a Trust.

  • Cash Settlement Averaging Period means (a) with respect to any Conversion Date occurring on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the twenty (20) consecutive Trading Day period ending on, and including, the third Scheduled Trading Day immediately preceding the Maturity Date and (b) in all other cases, the twenty (20) consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the relevant Conversion Date.

  • Purchase Contract Settlement Date means [ ].

  • VWAP Purchase Date means, with respect to any VWAP Purchase made hereunder, the Business Day following the receipt by the Buyer of a valid VWAP Purchase Notice that the Buyer is to buy Purchase Shares pursuant to Section 1(c) hereof.

  • TARGET Settlement Day means any day on which TARGET2 is open for the settlement of payments in euro;

  • Subscription Settlement Date means the second Valuation Date after the Subscription Trade Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.