Primary Servicer Remittance Date definition

Primary Servicer Remittance Date means the first Business Day after each Determination Date.
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Primary Servicer Remittance Date shall have the meaning set forth in Section 3.05(b) hereof.
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Primary Servicer Remittance Date. For each Distribution Date, the Business Day immediately succeeding the related Primary Servicer Determination Date.
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Examples of Primary Servicer Remittance Date in a sentence

  • The Primary Servicer shall deposit all Prepayment Interest Shortfalls in the Primary Servicing Account on each Primary Servicer Remittance Date.

  • On the earlier of the Primary Servicer Remittance Date or the Other Determination Date Remittance Date in each calendar month, the Sub-Servicer shall remit to the Master Servicer an amount equal to the portion of the Primary Servicer Remittance Amount allocable to the related Serviced Companion Loans for such date.

  • Each remittance required to be made by the Primary Servicer to the Master Servicer shall be made by 3:00 p.m. Charlotte, North Carolina time on the Primary Servicer Remittance Date by wire transfer of immediately available funds; provided, however, the Primary Servicer shall have no obligation to make P&I Advances.

  • The related Primary Servicing Fee shall be payable on the Primary Servicer Remittance Date from monthly payments on the related Mortgage Loan or proceds from REO Property.

  • On each Primary Servicer Remittance Date, all income and gain realized from investment of funds to which the Primary Servicer is entitled shall be subject to withdrawal by the Primary Servicer.

  • The Primary Servicer shall deposit all Prepayment Interest Shortfalls in the Primary Servicer Collection Account or the Primary Servicer Loan Combination Custodial Account, as applicable, on each Primary Servicer Remittance Date.

  • Each month, by 1:00 p.m. Charlotte, North Carolina time on the first (1st) Business Day after receipt of any Available Distribution Amount between the Primary Servicer Remittance Date and the Distribution Date, the Primary Servicer shall forward to the Master Servicer by wire transfer the Available Distribution Amount for such date.

  • The Primary Servicer shall also prepare and deliver to the Master Servicer and Special Servicer, not later than 1:00 p.m. New York City time on each Primary Servicer Remittance Date a certification in the form of Exhibit J.

  • The Primary Servicer shall deposit all Prepayment Interest Shortfalls in the Primary Servicer Collection Account on each Primary Servicer Remittance Date without regard to any limitations described in Section 3.17(c) of the Pooling and Servicing Agreement.

  • The Primary Servicer shall deposit all Compensating Interest in an amount equal to the Prepayment Interest Shortfalls in the Primary Servicer Collection Account on each Primary Servicer Remittance Date.


More Definitions of Primary Servicer Remittance Date

Primary Servicer Remittance Date means, with respect to any calendar month, the Business Day following the Primary Servicer Determination Date related to such month, commencing in December 2006.
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Primary Servicer Remittance Date means, for each Distribution Date, four (4) Business Days immediately preceding such Distribution Date.
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Primary Servicer Remittance Date means the first Business Day after each Determination Date. “Primary Servicer Reporting Date” shall mean the first Business Day after each Determination Date. “Primary Servicing Fee” shall mean, with respect to each Mortgage Loan and REO Loan, the fee payable to the Primary Servicer pursuant to Section 3.01(c)(19) of this Agreement. “Primary Servicing Fee Rate” shall mean, with respect to each Mortgage Loan, the rate that corresponds to such Mortgage Loan set forth on Exhibit A hereto under the heading “Primary Servicing Fee %.” “References Modification” shall have the meaning specified in Section 3.01(b) of this Agreement. ARTICLE II
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