Quarterly Calculation Date definition

Quarterly Calculation Date means the date four (4) Business Days prior to each Quarterly Payment Date. Any reference to a Quarterly Calculation Date relating to a Quarterly Payment Date means the Quarterly Calculation Date occurring in the same calendar month as the Quarterly Payment Date and any reference to a Quarterly Calculation Date relating to a Quarterly Collection Period means the Quarterly Collection Period most recently ended on or prior to the related Quarterly Payment Date.

Quarterly Calculation Date. ’ means, in relation to a Quarterly Payment Date the third business day prior to such Quarterly Payment Date.

Quarterly Calculation Date means last day of each quarter in the Performance Period, with the first Quarterly Calculation Date occurring on September 30, 2018.

Examples of Quarterly Calculation Date in a sentence

• The Quarterly Calculation Date shall be, in relation to any Quarterly Payment Date, the third (3rd) Business Day preceding the relevant Quarterly Payment Date (the Quarterly Calculation Date).

• Quarterly Calculation Date means, in relation to any Quarterly Payment Date, the third (3rd) Business Day preceding the relevant Quarterly Payment Date.

• On each Quarterly Calculation Date, in respect of each Quarterly Collection Period, the Calculation Agent will calculate the amount of principal funds available to the Issuer in the Transaction Account to satisfy its obligations under the Notes.

• Interest Deficiency Ledgers and interest roll-over To the extent that on any Quarterly Calculation Date, the amount of Quarterly Interest Available Funds is not sufficient to pay the Accrued Interests in respect of all Class B Notes, the amount of such shortfall (the Class B Interest Deficiency) shall be recorded in the Class B interest deficiency ledger (the Class B Interest Deficiency Ledger).

• If the Notes have been redeemed in full and all other obligations in respect of the Notes have been satisfied on the Quarterly Payment Date immediately before such Quarterly Calculation Date or will be satisfied on the next Quarterly Payment Date, all amounts standing to the credit of the Reserve Fund Account may be released and thus the Reserve Fund Required Amount will be reduced to zero, save for any amounts reasonably determined by the Administrator.

More Definitions of Quarterly Calculation Date

Quarterly Calculation Date means the date fifteen days prior to any Quarterly True-Up Adjustment Date.

Quarterly Calculation Date means each 31 March, 30 June, 30 September and 31 December in each calendar year.

Quarterly Calculation Date means the last Business Day of each March, June, September and December of each year;

Quarterly Calculation Date means the date that is two (2) Business Days prior to each Quarterly Payment Date. Any reference to a Quarterly Calculation Date relating to a Quarterly Payment Date means the Quarterly Calculation Date occurring in the same calendar month as the Quarterly Payment Date and any reference to an Quarterly Calculation Date relating to a Quarterly Collection Period means the Quarterly Collection Period most recently ended on or prior to the related Quarterly Payment Date.

Quarterly Calculation Date the last day of each March, June, September and December of each year, commencing on the first of such days to occur after the Commercial Operations Date.

Quarterly Calculation Date the fifth Business Day following the end of each March, June, September and December of each year, commencing on the first of such days to occur after the Commercial Operations Date.

Quarterly Calculation Date means the last day of each calendar quarter during the term of this Agreement and thereafter until the Indebtedness is paid in full.