Master Servicer Remittance Date definition

Master Servicer Remittance Date. With respect to any Distribution Date, the Business Day immediately preceding such Distribution Date.

Master Servicer Remittance Date means:

Master Servicer Remittance Date shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

Examples of Master Servicer Remittance Date in a sentence

• The Certificate Administrator shall notify the Master Servicer and the Trustee by telephone if as of 3:00 p.m., New York City time, on the Master Servicer Remittance Date, the Certificate Administrator has not received the amount of a required P&I Advance hereunder.

• On the Master Servicer Remittance Date, the Master Servicer shall withdraw from each REO Account maintained by it and deposit into the Distribution Account in accordance with Section 3.10(d)(ii), for distribution on the related Distribution Date in accordance with Section 4.01, the income from the related REO Property received during the prior calendar month, net of any withdrawals made pursuant to Section 3.23(c) or this Section 3.23(d).

• The Trustee shall immediately give written notice to the Master Servicer upon the Master Servicer’s failure to remit funds on the Master Servicer Remittance Date.

• With respect to each Distribution Date, the Master Servicer shall withdraw from the Collection Account and remit to the Certificate Administrator on the applicable Master Servicer Remittance Date for deposit in the Excess Interest Distribution Account an amount equal to the Excess Interest received during the applicable Collection Period.

• Any funds being held in the Collection Account for future distribution to Certificateholders and so used shall be replaced by the Master Servicer from its own funds by remittance to the Trustee for deposit in the Certificate Account on or before any future Master Servicer Remittance Date to the extent that funds in the Certificate Account on such Master Servicer Remittance Date shall be less than payments to Certificateholders required to be made on the related Distribution Date.

More Definitions of Master Servicer Remittance Date

Master Servicer Remittance Date. With respect to any Distribution Date, 3:00 p.m. New York time on the last Business Day preceding the related Distribution Date.

Master Servicer Remittance Date shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

Master Servicer Remittance Date means, with respect to each Non-Lead Note, (i) prior to the related Non-Lead Securitization, the “master servicer remittance date” as such term is defined in the applicable Servicing Agreement, and (ii) from and after the related Non-Lead Securitization, the earlier of (x) the “master servicer remittance date” as such term is defined in the Lead Securitization Servicing Agreement, and (y) the Business Day following the related Non-Lead Securitization Determination Date, in each case above in this definition as long as such date is at least one Business Day after the Monthly Payment Date (as defined in the Loan Agreement). For the avoidance of doubt, any late collections received by the Master Servicer after the related due date under the Mortgage Loan shall be remitted by the Master Servicer in accordance with Section 18(b)(x) below.

Master Servicer Remittance Date. With respect to any Distribution Date, 3:00 p.m. New York time on the 18th day of the calendar month in which such Distribution Date occurs or, if such 18th day is not a Business Day, the Business Day immediately succeeding such 18th day.

Master Servicer Remittance Date. With respect to each Distribution Date, three Business Days immediately preceding such Distribution Date.

Master Servicer Remittance Date. With respect to any Distribution Date, 12:00 p.m. New York time on the Business Day preceding the Distribution Date or if the Collection Account is held at Citibank (for so long as Citibank is the Paying Agent), 12:00 p.m. New York time on the Distribution Date.

Master Servicer Remittance Date means, with respect to each Non-Lead Note, (i) prior to the related Non-Lead Securitization of such Non-Lead Note, the “master servicer remittance date” as such term is defined in the applicable Servicing Agreement, and (ii) from and after the related Non-Lead Securitization of such Non-Lead Note, the earlier of (x) the “master servicer remittance date” as such term is defined in the Lead Securitization Servicing Agreement, and (y) the Business Day following the applicable Non-Lead Securitization Determination Date for such Non-Lead Note (in the case of clauses (i) and (ii), as long as such date is at least one Business Day after the Monthly Payment Date (as defined in the Loan Agreement)). For the avoidance of doubt, any late collections received by the Master Servicer after the related due date under the Mortgage Loan shall be remitted by the Master Servicer in accordance with Section 18(b)(xi) below.