Monthly Funding Date definition

Monthly Funding Date means, in respect of each Month-End Required Balance Report delivered by the Reinsurer to the Ceding Company in accordance with Section 5.8, the Business Day on which the Ceding Company receives such Month-End Required Balance Report.
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Monthly Funding Date means the last day of each calendar month or, if such day is not a Business Day, the next preceding Business Day.
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Monthly Funding Date means the first day of each calendar month or, if such day is not a Business Day, the immediately following Business Day.
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Examples of Monthly Funding Date in a sentence

  • On each Monthly Funding Date, there shall be deposited in the Term Loan Debt Service Reserve Deficiency Account the amounts required pursuant to Section 3.2(c) of this Agreement.

  • On each Monthly Funding Date, the Trustee shall make deposits to the Residual Fund from the Toll Revenue Fund in accordance with clause Seventeenth of Section 5.03(b).

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  • On each Monthly Funding Date, there shall be deposited in the Bond Debt Service Reserve Deficiency Account the amounts required pursuant to Section 3.2(c) of this Agreement.

  • If the Equity Contributor accepts the Monthly Compliance Certificate and otherwise agrees with the Equity Requisition Certificate, the Equity Contributor shall fund such Subsequent Equity Contribution on the applicable Monthly Funding Date, provided that the Equity Contributor’s obligation to fund each such Subsequent Equity Contribution shall also be subject to the Company’s satisfaction of the conditions set forth in Section 4(a) hereof on each applicable Monthly Funding Date.

  • If the Company satisfies the conditions specified in the proviso of the preceding sentence as to any month of such 6-month period, the Equity Contributor shall only fund to the Company that portion of the Reduced Amount that is commensurate to the Cash Shortfall and the funding thereof shall occur on a Monthly Funding Date (as if it were a Subsequent Equity Contribution).

  • On each Calculation Date, if Toll Revenues on any preceding Monthly Funding Date were insufficient to make the required deposits pursuant to clauses First through Sixteenth of Section 5.03(b), amounts in the Residual Fund shall be used to cover such shortfall in numerical order to the extent such funds are available.

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More Definitions of Monthly Funding Date

Monthly Funding Date shall have the meaning set forth in Section 2(c) hereof.
Sample 1
Monthly Funding Date means the 25th day of each calendar month, or if such date is not a Business Day, the immediately preceding Business Day.
Sample 1

Related to Monthly Funding Date

  • Initial Funding Date means the Funding Date on which the first Loan is made pursuant to this Agreement, as specified in the Initial Borrower Funding Request.

  • Pre-Funding Period means the period beginning on the Closing Date and ending on the earliest of (a) the date on which the amount on deposit in the Pre-Funding Account is less than $10,000, (b) the Funding Termination Date or (c) the date on which an Event of Termination occurs.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • Monthly Date means the last Business Day of each calendar month.

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2027.

  • Class A-1 Final Distribution Date means the October 2024 Distribution Date.

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in May 2023.

  • Monthly Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions" in the Prospectus Part I for a Trust.

  • Class A-2 Final Distribution Date has the meaning set forth in the Sale and Servicing Agreement.

  • Class A-1 Final Scheduled Distribution Date means the Distribution Date.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Class B Final Scheduled Payment Date means the Payment Date occurring in June 2021.

  • Class A-2 Final Scheduled Distribution Date means the Distribution Date.

  • P&I Advance Date The Business Day immediately prior to each Distribution Date.

  • Amortization Date means the earliest to occur of (i) the Commitment Termination Date, (ii) the declaration or automatic occurrence of the Amortization Date pursuant to Section 7.03 and (iii) that Business Day which the Borrower designates as the Amortization Date by notice to the Administrative Agent at least five (5) Business Days prior to such Business Day.

  • Excess Funding Amount means the amount on deposit in the Excess Funding Account.

  • Accumulation Reserve Funding Period shall not apply if the Calculation Agent on behalf of the Issuer notifies the Indenture Trustee that it expects the Accumulation Period Length to be adjusted to one (1) month, and otherwise shall mean a period commencing on the first Distribution Date on which a condition in the right column of the following table was in effect on the immediately preceding Distribution Date, if the Distribution Date is a Distribution Date described in the corresponding left column of the following table, and ending on the Distribution Date immediately preceding the earlier to occur of:

  • Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit upon satisfaction of the conditions set forth in Sections 6.01 and 6.

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.