Monthly Remittance Date definition

Monthly Remittance Date. The 18th day of each month, or if the 18th day is not a Business Day, the preceding Business Day.

Monthly Remittance Date. The 10th day of each month or, if such day is not a Business Day, the Business Day succeeding such day, commencing in the month following the Startup Day.

Monthly Remittance Date. The eighteenth (18th) day of each month (or if such day is not a Business Day, the next Business Day) commencing in the month following the end of the calendar month in which the initial Cut-off Date occurs. A Determination Date is related to a Monthly Remittance Date if such Determination Date and such Monthly Remittance Date occur in the same calendar month.

Examples of Monthly Remittance Date in a sentence

• Any investments of funds in the Principal and Interest Account shall mature or be withdrawable at par on or prior to the immediately succeeding Monthly Remittance Date.

• In any case where the date of any Monthly Remittance Date shall not be a Business Day, then payment or mailing need not be made on such date, but must be made on the preceding Business Day.

• In any case where the date of any Monthly Remittance Date or any Monthly Reporting Date shall not be a Business Day, then payment or mailing need not be made on such date, but must be made on the preceding Business Day.

• Any such Home Equity Loan so purchased shall be purchased by the Servicer on or prior to a Monthly Remittance Date at a purchase price equal to the Loan Purchase Price thereof, which purchase price shall be deposited in the Principal and Interest Account.

• In addition, the Servicer shall inform the Trustee on each Monthly Remittance Date, with respect to each Home Equity Loan Group, of the amounts of any Loan Purchase Prices or Substitution Amounts so remitted during the related Remittance Period, and of the Loan Balance of the Home Equity Loan having the largest Loan Balance as of such date.

More Definitions of Monthly Remittance Date

Monthly Remittance Date means the 13th day of each calendar month (or if such day is not a Business Day, the preceding Business Day) beginning in March 2001.

Monthly Remittance Date. With respect to any Distribution Date, no later than noon, New York time, on the fourth Business Day following the related Determination Date.

Monthly Remittance Date means, if the Servicer has satisfied the conditions of Section 5.10(b) of the Servicing Agreement, the twentieth day of each calendar month (or if such twentieth day is not a Business Day, the next Business day).

Monthly Remittance Date means the tenth day of each calendar month or, if such day is not a Business Day, the next succeeding Business Day.

Monthly Remittance Date. The 18th day of each month, or if such day is not a Business Day, on the preceding Business Day, commencing in March 1999.

Monthly Remittance Date means the twentieth (20th) day of each calendar month (or if such twentieth (20th) day is not a Business Day, the next Business Day).

Monthly Remittance Date. With respect to any Distribution Date, three (3) Business Days prior to such Distribution Date.