Remittance Date definition

Remittance Date. With respect to each Distribution Date, the 18th day (or if such 18th day is not a Business Day, the first Business Day immediately following) of the month in which such Distribution Date occurs.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Remittance Date. The remittance date shall be the 18th day of each calendar month (or if such 18th day is not a Business Day, the first Business Day immediately following).

Remittance Date. With respect to each Distribution Date, the Business Day immediately preceding such Distribution Date.

Examples of Remittance Date in a sentence

Notwithstanding the foregoing, the Certificate Administrator shall notify the Depository on the Remittance Date or as soon as reasonably possible of any such inconsistencies.
On each Remittance Date, the Servicer shall transfer from the Collection Account to the Certificate Administrator for deposit into the Distribution Account all Aggregate Available Funds remaining on deposit therein, after giving effect to the withdrawals made pursuant to Section 3.4(c).
The Servicer shall, subject to a determination of recoverability also advance in respect of each Payment Date following (x) a delinquency in the payment of the Balloon Payment of the Trust Loan or foreclosure (or acceptance of a deed-in-lieu of foreclosure or comparable conversion) of the Trust Loan or (y) not later than the related Remittance Date, to the Distribution Account, the amount of any Assumed Monthly Payment deemed due with respect to the Trust Loan on such Payment Date.

More Definitions of Remittance Date

Remittance Date. As defined in each of the Servicing Agreements.

Remittance Date. As to any Distribution Date, by 2:00 p.m. Eastern time on the Business Day immediately preceding such Distribution Date.

Remittance Date. The 18th day (or if such 18th day is not a Business Day, the first Business Day immediately following, except with respect to those Mortgage Loans subject to a Securitization Transaction in which case such date shall be the Business Day immediately preceding the 18th day) of any month.

Remittance Date shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

Remittance Date. The date specified in the Interim Servicing Agreement (with respect to each Mortgage Loan, as specified therein).

Remittance Date means the fifteenth (15th) calendar day of each month, or the immediately succeeding Business Day, if such calendar day shall not be a Business Day, or such other day as is mutually agreed to by Seller and Purchaser.

Remittance Date. With respect to each Mortgage Loan: the eighteenth (18th) day of any month, beginning with the eighteenth (18th) day of the month next following the month in which the related Cut-off Date occurs, or if such eighteenth (18th) day is not a Business Day, the first Business Day immediately following such day.