Monthly Funding Date definition

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.
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.
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.

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

Related to Monthly Funding Date

  • 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.