Examples of Funding Date in a sentence
On or prior to the Initial Funding Date, the Borrower shall deposit $0 into the Interest Reserve Account.
Upon the delivery on any date that is at least 60 days after the Initial Funding Date of a Borrower Order instructing the Collateral Agent to close the Closing Expense Account, all funds in the Closing Expense Account will be deposited in the Collection Account as either Interest Proceeds or Principal Proceeds (or combination thereof), as directed by the Services Provider, and the Closing Expense Account will be closed.
The representations and warranties of Seller with respect to the Transferred Assets do not address the creditworthiness of the Underlying Obligor on such Transferred Assets or the risk of default or declines in credit quality with respect to such Transferred Assets after the related Purchase Date or Funding Date, as applicable.
On or prior to the Initial Funding Date, the Borrower shall deposit $0 into the Closing Expense Account.
Subject to Section 2(g), each Advance shall bear interest from the Funding Date of such Advance to the date of repayment in full at the rate of TEN per cent (10.0%) per annum, calculated and payable annually in arrears as set out in this Section 2(f).