Prefunding Date definition

Prefunding Date means the 1st calendar day of each month (or if such day is not a Business Day, the next succeeding Business Day) and such other dates which are agreed upon by the Debtor and the Agent at least one Business Day in advance; provided, that there shall in no event be more than two additional Prefunding Dates in any period between any two Remittance Dates (without Agent approval) and provided, further, that no Prefunding Date shall occur on and after the Termination Date.
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Prefunding Date means, for any Advance, the Business Day immediately preceding the related Transfer Date or such earlier date as requested by the Borrower and agreed to by the Agent as provided in Section 2.03(a), on which the Prefunding Advances are to be advanced to the Agent Account.
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Prefunding Date has the meaning set forth in Section 2.03(b).
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Examples of Prefunding Date in a sentence

  • On each Funding Date and each Prefunding Date, the Debtor shall deposit (or cause to be withheld from proceeds from the issuance of Related Commercial Paper) to the credit of the Reserve Account an amount equal to an amount necessary to fund the Reserve Account to the Re quired Reserve Account Amount.

  • Once the Capital Increase has been paid in and the certificate(s) accrediting receipt of the proceeds corresponding to all the New Shares subscribed have been issued, the Capital Increase shall be declared closed and subscribed by the Board of Directors, or, in its place, by the Bank’s Executive Committee or the person(s) it appoints to this end on the Prefunding Date and the Bank shall prepare the corresponding capital increase deeds for subsequent inscription in the Mercantile Registry of Madrid.

  • The Pre-funding Account Bank shall notify the Trustee by 10:00 a.m. (Hong Kong time) on the Business Day immediately following the Pre-funding Date upon the failure by the Issuer to pay the Relevant Amount into the Pre-funding Account in accordance with these Conditions.

  • On the Business Day prior to each Prefunding Date, the Issuer shall provide the Agent and the Insurer with a written notice in substantially the form of Exhibit C (a "Prefunding Notice") setting forth the Issuer's reasonable best estimate of the aggregate amount of Receivables projected to be acquired or originated by UAC and purchased by the Issuer pursuant to the Sale and Purchase Agreement during the period from such Prefunding Date to but not including the next succeeding Prefunding Date.

  • Subject to the terms and conditions set forth herein, no later than 4:30 p.m. (Charlotte, North Carolina time) on the Prefunding Date on which the Prefunding Deposit is to be made, VFCC or the Investors, as the case may be, shall deposit into the Prefunding Account the Prefunding Deposit.

  • Each Credit File must be submitted no later than the applicable cutoff time on the Prefunding Date.

  • Under no circumstances shall the Prefunding Deposit cause (i) the Net Investment to exceed the Facility Amount and (ii) any Investor to make any Prefunding on any Prefunding Date in excess of the lesser of (a) such Investor's Pro Rata Share of the portion of the Prefunding Deposit not funded by VFCC and (b) the amount by which such Investor's Commitment exceeds such Investor's share of the Net Investment prior to such Prefunding Date.

  • On the terms and conditions hereinafter set forth, the Borrower may, prior to each Prefunding Date on which the Borrower intends to request funds for deposit into the Prefunding Account, request that the Lenders make an advance of such funds.

  • All such funds shall be deposited at the Administrative Agent’s Office on the Prefunding Date and upon satisfaction of the conditions set forth in Section 4.02, the Administrative Agent shall make all funds so received available to the Borrower on the Closing Date as provided in Section 2.02(b).

  • The date of the Special Transaction is expected to coincide with the Prefunding Date, i.e., planned for 5 December 2012.


More Definitions of Prefunding Date

Prefunding Date means, with respect to any Credit File, our business day that is two
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Related to Prefunding Date

  • Refunding Date as defined in Section 2.7.

  • 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.

  • 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.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • 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.

  • 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.

  • Ending Date means the calendar date specified in the Notice of Intent as the date upon which lead - based paint abatement activities are completed.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • 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.

  • Class A-2 Maturity Date means [ ] (or, if such day is not a Business Day, the next succeeding Business Day thereafter).

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Class A-1 Maturity Date means [ ] (or, if such day is not a Business Day, the next preceding Business Day).

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • Class B Maturity Date means the January 2040 Distribution Date.

  • Class A-4 Maturity Date means [ ] (or, if such day is not a Business Day, the next succeeding Business Day thereafter).

  • Class C Maturity Date is defined in the Indenture.

  • Delayed Closing Date means the date, set in accordance with section 3, on which the Vendor agrees to Close, in the event the Vendor cannot Close on the Firm Closing Date.

  • Class A-3 Maturity Date means [ ] (or, if such day is not a Business Day, the next succeeding Business Day thereafter).

  • Overcollateralization Deficiency Amount With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (assuming that 100% of the Principal Remittance Amount is applied as a principal distribution on such Distribution Date).

  • Closing Date Refinancing means the repayment, repurchase, redemption, defeasance or other discharge of the Existing Debt Facility and termination and/or release of any security interests and guarantees in connection therewith.

  • Group II Senior Percentage For any Distribution Date, the lesser of (i) 100% and (ii) the aggregate Class Principal Balance of the Group II-A and Residual Certificates divided by the aggregate Class Principal Balance of the Group II Loans (exclusive of the Class II-P Fraction thereof, with respect to any Class II-P Mortgage Loan), in each case immediately before such Distribution Date.

  • 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.

  • Targeted Overcollateralization Amount means, for a Payment Date, an amount equal to:

  • REMIC Certificate Maturity Date The "latest possible maturity date" of the Regular Certificates as that term is defined in Section 2.07.

  • Required Overcollateralization Amount With respect to any Distribution Date, (a) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date if a Trigger Event is not in effect, the greater of (i) an amount equal to 3.60% of the aggregate outstanding Stated Principal Balance of the Mortgage Loans after giving effect to distributions made on that Distribution Date and (ii) the Overcollateralization Floor and (c) on or after the Stepdown Date if a Trigger Event is in effect, an amount equal to the Required Overcollateralization Amount from the immediately preceding Distribution Date. The Required Overcollateralization Amount may be reduced so long as written confirmation is obtained from each Rating Agency that such reduction shall not reduce the ratings assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto.