Reconciliation Period is each calendar month.
Reconciliation Period means the twelve-month period commencing on January 1 of each year and ending on December 31 of each year; provided, however, that the initial Reconciliation Period shall commence on the Closing Date and end on December 31, 2024.
Reconciliation Period means the period to which a Reconciliation Invoice refers, the beginning and end dates of which are stated on the Reconciliation Invoice;
Examples of Reconciliation Period in a sentence
The Servicer shall calculate the amount of any Remittance Shortfall or Excess Remittance for the immediately preceding Reconciliation Period, and (A) if a Remittance Shortfall exists, the Servicer shall make a supplemental remittance, to the General Subaccount of the Collection Account within ten (10) days, or (B) if an Excess Remittance exists, the Servicer will reduce the Daily Remittance(s) over the next month following the date of the Reconciliation Certificate to the Indenture Trustee.
More Definitions of Reconciliation Period
Reconciliation Period means, with respect to any date of calculation, a period commencing on the second preceding Payment Date through and including the next preceding Payment Date.
Reconciliation Period means, with respect to any Collection Period, the twelve-month period ending the first day of such Collection Period; provided, that the initial Reconciliation Period shall commence on the Closing Date and that a shorter Reconciliation Period may be established pursuant to Section 8.01(b) of the Servicing Agreement.
Reconciliation Period means the closest multiple of the Operator Specific Reporting Period to the Quarter, to be agreed with the Operator; and
Reconciliation Period shall have the meaning given to such term in Section 11.2(b) hereof.
Reconciliation Period has the meaning set forth in Section 2.03(a).
Reconciliation Period is each calendar month. “Responsible Officer” is each of the Chief Executive Officer, President, Chief Financial Officer and Controller of Borrower.