Remittance Amount definition

Remittance Amount means the funds denominated in Singapore Dollars or United Stated Dollars which is to be debited from the Customer's Account(s) and converted into the specified Foreign Amount.

Remittance Amount shall have the meaning provided in Section 2.05(d) hereof.

Remittance Amount. With respect to any Remittance Date and related Distribution Date, the sum of the following amounts:

Examples of Remittance Amount in a sentence

• One or more Reconciliation procedures performed by Buyer may reduce or increase the effective Remittance Amount during the Reconciliation Month in comparison to the initial Remittance Amount first described in this Agreement, and, as the result of such reduction, the term of this Agreement during which Buyer will be debiting the Approved Bank Account may be shortened or extended indefinitely.

• If requested by Xxxxx, Seller shall execute a separate authorization for Buyer and/or Delta Bridge Funding LLC to arrange for electronic fund transfers (including ACH payments) in the amount of any Remittance Amount from the Approved Bank Account.

• The Purchased Amount shall be delivered by Seller to Buyer in the amount of the Remittance Amount (subject adjustment as described below) at the end of each Remittance Period, commencing on the Effective Date and ending on the Termination Date.

• Nothing set forth in Sections 10 or 11 of this Agreement shall be deemed to: (i) provide Seller with the right to interfere with Buyer’s right and ability to debit the Approved Bank Account while the request for Reconciliation of Seller’s receipts is pending or until the Purchased Amount is collected by Buyer in full, or (ii) modify the Remittance Amount for any calendar month during the term of this Agreement other than during the Reconciliation Month(s) as the result of the Reconciliation.

More Definitions of Remittance Amount

Remittance Amount means the amount that Seller shall deliver to Buyer at the end of each Remittance Period as part of the Purchased Amount. The initial Remittance Amount is the amount first described above. The parties agree that the initial Remittance Amount is a good faith approximation of the Specified Percentage of Seller’s Future Receipts during the first Remittance Period, based upon the information provided by Seller to Buyer concerning Seller’s most recent accounts receivables, including representations by the Seller to Buyer regarding the Seller’s estimated Future Receipts. The Remittance Amount is subject to Seller’s right of adjustment/reconciliation set forth in this Agreement.

Remittance Amount. The sum of the Interest Remittance Amount and the Principal Remittance Amount.

Remittance Amount. For each Distribution Date that the Servicer is required to make a distribution to a Companion Loan Holder pursuant to Section 3.4(e), the amounts received by the Servicer (or, with respect to a serviced Foreclosed Property, the Special Servicer) during the related Collection Period pursuant to the Co-Lender Agreement and available for payment to the Companion Loan Holders pursuant to the Co-Lender Agreement.

Remittance Amount. With respect to any Remittance Date, an amount equal to, subject to Section 1.02, (i) the Principal Remittance Amount (if any) for such Remittance Date, plus (ii) the Accrued Interest for such Remittance Date, minus (iii) any amounts payable to the Company pursuant to Section 3.07 that are not taken into account in the adjustment of Accrued Interest pursuant to Section 1.02.

Remittance Amount means NET PROCEEDS multiplied by one minus the Discount ((1 – 0.30) or 0.70);

Remittance Amount means the Specified Percentage, the Future Receipts and the Periodic Receipts of each Seller individually; and

Remittance Amount. As to any Distribution Date, the sum of the Interest Distribution Amount for the Class A Certificates and the Class A Principal Distribution Amount for the Class A Certificates for such Distribution Date.