Arrears for this purpose means, in respect of a Loan, on any date that two or more Monthly Payments have become due and remain unpaid by the relevant Borrower, and this reporting line relates to repurchases under clause 8.11 of the Mortgage Sale Agreement.
Line of duty means any action the deceased or disabled person was obligated or authorized to
Tour of Duty means the period of time, not exceeding the basic hours of work per day, which an employee is scheduled to work on any day, and of which she has been advised in advance.
Payday means the regular and recurring established day for payment of Compensation to an Employee of the Company or any Designated Subsidiary.
Modified Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day unless that day falls in the next calendar month in which case that date will be the first preceding day that is a Business Day;
Payment Period means the three months following each Collection Quarter.
priority date means the date of the earlier application that serves as the basis for the right of priority provided for in the Paris Convention;
Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day;
Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.
Payment-in-lieu-of-dues means an assessment to defray the cost for services by the exclu-
Disbursement Period means the period during which Grant Funds may be disbursed.
Subsequent Reset Rate of Interest means, in respect of any Subsequent Reset Period, the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Subsequent Margin.
Allowance Date means the date on which a Claim becomes an Allowed Claim.
Day means calendar day.