Monthly Reporting Period definition

Monthly Reporting Period. The period during which servicers report Mortgage payments to the Administrator, generally consisting of the calendar month preceding the related Payment Date for Gold PCs and the second calendar month preceding the related Payment Date for ARM PCs, which period the Administrator has the right to change as provided in Section 3.05(d) of this Agreement; provided, however, that with respect to prepayments on PCs issued before September 1, 1995, the Monthly Reporting Period generally is from the 16th of a month through the 15th of the next month.

Monthly Reporting Period. The period, which period the Administrator has the right to change as provided in Section 3.05(d) of this Agreement, during which servicers report Mortgage payments to the Administrator, generally consisting of:

Monthly Reporting Period means any Level 1 Ratings Period.

Examples of Monthly Reporting Period in a sentence

• The Administrator, on behalf of the Trustee, may also, in its discretion, reflect in a Pool Factor any prepayments reported after the end of the applicable Monthly Reporting Period.

• Beginning in the month after formation of a PC Pool, Pool Factors shall be published on or about the fifth Business Day of the month, which Pool Factors may reflect prepayments reported to the Administrator after the end of the related Monthly Reporting Period and before the publication of the applicable Pool Factors.

• For purposes of this Agreement with respect to any PC Pool, any payment or any event with respect to any Mortgage included in such PC Pool that is reported to the Administrator by the related servicer as having been made or having occurred within a Monthly Reporting Period shall be deemed to have been received by the Administrator or to have in fact occurred within such Monthly Reporting Period used by the Administrator for such purposes.

• The Administrator, on behalf of the Trustee, may also, in its discretion, include as part of the aggregate principal payment in any month any prepayments received after the Monthly Reporting Period that ended in the second month preceding the month in which the Pool Factor is published.

• Beginning in the month after formation of a Pool, Pool Factors shall be published on or about the fifth Business Day of the month, which Pool Factors may reflect prepayments reported to the Administrator after the end of the related Monthly Reporting Period and before the publication of the applicable Pool Factors.

More Definitions of Monthly Reporting Period

Monthly Reporting Period means, as of any date of determination, the calendar month immediately preceding such date of determination. For example, if the date of determination is August 9, 2008, (i) the immediately preceding Monthly Reporting Period is the period commencing on July 1, 2008 and ending on July 31, 2008, (ii) the then current Monthly Reporting Period is the period commencing on August 1, 2008 and ending on August 31, 2008 and (iii) the immediately succeeding Monthly Reporting Period is the period commencing on September 1, 2008 and ending on September 30, 2008.

Monthly Reporting Period means any period (A) beginning on the date on which the Monthly Reporting Triggering Event has occurred and (B) ending on the date on which Availability shall have been equal to or greater than 75% of the aggregate Commitments for twenty (20) consecutive calendar days.

Monthly Reporting Period means any period other than a Weekly Reporting Period.

Monthly Reporting Period. The 26th day of the previous calendar month to the 25th day of the current calendar month.

Monthly Reporting Period means any period (a) commencing on the date on which Excess Availability has been less than the greater of (i) $25,000,000 and (ii) 70% of Availability for three consecutive Business Days, and (b) ending on the first date thereafter on which Excess Availability has been equal to or greater than the greater of (i) $25,000,000 or (B) 70% of Availability for 30 consecutive days.

Monthly Reporting Period means the period of one calendar month.

Monthly Reporting Period means each period commencing when the Borrowers have failed to maintain an Excess Availability Percentage at least equal to twelve and a half percent (12.5%) for at least five (5) consecutive Business Days and ending on the first date thereafter when the Borrowers have maintained an Excess Availability Percentage at least equal to twelve and a half percent (12.5%) for five (5) consecutive Business Days.