Mortgage Payment Date definition

Mortgage Payment Date means the last Business Day of each calendar month or such other date as may be agreed with the relevant Borrower from time to time;

Mortgage Payment Date means in respect of an SPV each date on which under the relevant Transaction Agreements the transferor is required to make a payment to the SPV in respect of the SPV Mortgage Receivables whether being referred to as Mortgage Payment Date, Payment Date, CBC Payment Date or otherwise;

Mortgage Payment Date means the "Payment Date" as defined in the Mortgage Loan Agreement.

Examples of Mortgage Payment Date in a sentence

• Each Seller will pay to the Issuer on each Mortgage Payment Date all proceeds received during the immediately preceding Mortgage Calculation Period in respect of the Mortgage Receivables.

• Payments received on each Mortgage Payment Date in respect of the Mortgage Loans will be identified as principal or revenue receipts and credited to a principal ledger (the ‘‘Principal Ledger’’) or a revenue ledger (the ‘‘Revenue Ledger’’), as the case may be.

• Payments received on each relevant Mortgage Payment Date in respect of the Mortgage Loans will be identified as principal or revenue receipts and credited to the relevant principal ledger or the revenue ledger, as the case may be.

• On each fifth business day following the last day of each Mortgage Calculation Period (a "Mortgage Payment Date") the relevant Seller shall procure that all amounts of principal, interest and prepayment penalties received by or on behalf of the relevant Seller in respect of the Mortgage Receivables during the immediately preceding Mortgage Calculation Period to the GIC Account held by the Issuer.

• The relevant Seller (or a third party on its behalf) will pay to the Issuer on each Mortgage Payment Date all proceeds received during the immediately preceding Mortgage Calculation Period in respect of the Mortgage Receivables.

• Each Seller will pay or procure that the relevant Collection Foundation will pay to the Issuer on each Mortgage Payment Date all proceeds received during the immediately preceding Mortgage Calculation Period in respect of the Relevant Mortgage Receivables.

• On each Mortgage Payment Date (being the l2th day of each calendar month or if this is not a business day the next succeeding business day) the MPA Provider shall transfer all amounts of principal, interest, prepayment penalties and interest penalties received by Delta Lloyd Life in respect of the Mortgage Loans during the immediately preceding Mortgage Calculation Period (defined below) to the Issuer Collection Account.

• The Initial Purchase Price or, as the case may be, Purchase Price payable by the Issuer as consideration for any New Mortgage Receivables will be equal to the aggregate of the Outstanding Principal Amount of such New Mortgage Receivables on the first day of the month of the relevant Pre-funding Purchase Date or relevant Mortgage Payment Date immediately preceding the relevant Quarterly Payment Date.

• The relevant Seller (or a third party on its behalf) will pay to the Issuer on each Mortgage Payment Date all proceeds received during the immediately preceding Mortgage Calculation Period in respect of the NHG Mortgage Receivables.

More Definitions of Mortgage Payment Date

Mortgage Payment Date means, in respect of a Mortgage Loan, the due date for payment of interest (and, if applicable, principal) under the Mortgage Loan.