REP Billing Day definition
REP Billing Day has the meaning specified in Section 3.05(c) of the Servicing Agreement.
Examples of REP Billing Day in a sentence
The Servicer shall assess and collect a 5% late-payment penalty (the “Penalty”) on all System Restoration Charges billed to a REP but not paid by that REP by the close of business on the 35th day after the REP Billing Day.