Required Day definition
Required Day means, with respect to any event, the Business Day preceding such event by the Required Notice Period.
Required Day means, with respect to any event, the Business Day preceding such event by the Required Notice Period. “Required Notice Period” means the number of days required notice set forth below applicable to the Aggregate Principal reduction indicated below: Aggregate Reduction Required Notice Period < 25% of the Aggregate Commitment 2 Business Days 25%-50% of the Aggregate Commitment 5 Business Days > 50% of Aggregate Commitment 10 Business Days “Requirement of Law” means as to any Person, the Organic Documents of such Person, and any Law or determination of an arbitrator or any Governmental Authority, in each case applicable to or binding upon such Person or any of its Property or to which such Person or any of its Property is subject. “Required Reserve” means, on any day during a month, an amount equal to the product of (i) the greater of (a) the Required Reserve Factor Floor and (b) the sum of the Loss Reserve, the Yield Reserve, the Dilution Reserve, the Ad Hoc Reserve and the Servicing Reserve, times (ii) the Net Pool Balance as of the Cut-Off Date immediately preceding such month. “Required Reserve Factor Floor” means, for any month, the sum (expressed as a percentage) of (i) 13% plus (ii) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the immediately preceding Cut-Off Date. “Review” has the meaning set forth in Section 7.1(c). “Rollforward Difference” means, at any time, an amount equal to absolute value of the reported aggregate Unpaid Net Balance of all Receivables minus the calculated Unpaid Net Balance of all Receivables. “S&P” means Standard and Poor’s Ratings Services, a division of The ▇▇▇▇▇▇-▇▇▇▇ Companies, Inc. “Sale Agreement” means the Fourth Amended and Restated Receivables Sale Agreement dated as of October 28, 2015 between each of the Originators, as a seller and/or contributor, and the Borrower, as purchaser and contributee, as it may be amended, supplemented or otherwise modified in accordance with Section 7.3(f). “Sanctioned Country” means, at any time, a country or territory which is the target of any countrywide or territory-wide Sanctions.
Examples of Required Day in a sentence
Assistants (X = Required Day of Work) Inclusion/ MLP/Autism Pre-School Title I Title III Enrollment Administrator Director/ Spec Ed. Building Principal Asst.
If issue not resolved, schedules a dispatch 1 Day Response (No Parts Required) Day 0 Day (X) Day 1 Parts and/or heavy equipment Provides remote support to mitigate issue.