Examples of Monthly Collection Period in a sentence
On or before each Monthly Sweep Date, the Servicer will with reference to the related Monthly Collection Period report on the advances under the Roll Over Term Loans sold to the Issuer, including information (in particular, amount and term) on (i) the advances as they lapsed during such Monthly Collection Period and (ii) the advances as they were extended following roll-over.
The Servicer, on behalf of the Seller, shall procure that on or prior to the tenth (10th) calendar day of each month (or the first following Business Day if such day is not a Business Day) (the Monthly Sweep Date), all amounts of principal, interest, prepayment penalties and default interest received by the Seller in respect of the SME Receivables during the related Monthly Collection Period are swept to the Transaction Account.