Examples of Initial Calculation Date in a sentence
The information provided to the Purchaser as of the Initial Calculation Date with respect to Escrow Accounts and Escrow Payments in connection with the Mortgage Loans is true and correct in all material respects.
As of the Initial Calculation Date, the information set forth in the information fields numbered one (1) through ten (10) inclusive in the Mortgage Loan Schedule is true and correct in all material respects.
Each Servicing Agreement relating to the Mortgage Loans serviced for others as of the Initial Calculation Date is set forth on Schedule 7.03(f), and a copy of each such Servicing Agreement has been made available to the Purchaser.
On the Closing Date, the LLC Interest Transferee shall pay or cause to be paid to the Initial Member, in accordance with the Master Purchase Agreement, an amount equal to the Groups 6-8 Final Purchase Price, calculated using balances as of the Initial Calculation Date (as defined in the Contribution Agreement) rather than the Closing Date (the “Groups 6-8 Closing Payment”).
For example, if the Initial Calculation Date is eight months before the current Calculation Date, and the CPI increase over that time period was 6%, the permissible increase would be 4% [8/12 x 6%].