Servicer Remittance Date definition
Servicer Remittance Date. With respect to any Distribution Date, the 18th day of the calendar month in which such Distribution Date occurs or, if such 18th day is not a Business Day, the Business Day immediately following.
Servicer Remittance Date. With respect to any Distribution Date, the Business Day prior to such Distribution Date.
Servicer Remittance Date. The day in each calendar month on which each Servicer is required to remit payments to the Collection Account, as specified in the related Servicing Agreement, which is the 18th day of each calendar month (or, if such 18th day is not a Business Day, the next succeeding Business Day).
Examples of Servicer Remittance Date in a sentence
In addition, the Servicing Agreement shall require that the Servicer deposit all collections of Income (other than amounts deposited in escrow accounts pursuant to the Servicing Agreement and the related Purchased Asset Documents and Mezzanine Loan Documents, as applicable) received by Servicer on account of the Purchased Assets and Contributed Mezzanine Loans in the Servicer Account no later than two (2) Business Days following receipt and into the Deposit Account on each Servicer Remittance Date.
More Definitions of Servicer Remittance Date
Servicer Remittance Date. With respect to any Distribution Date, 4:00 p.m. New York time on the Business Day preceding such Distribution Date.
Servicer Remittance Date. With respect to each Mortgage Loan, the date set forth in the related Servicing Agreement.
Servicer Remittance Date. With respect to any Mortgage Loan and Distribution Date, the second Business Day prior to that Distribution Date.
Servicer Remittance Date. With respect to any Distribution Date, the later of (x) the date that is two Business Days after the 15th day of the month in which the related Distribution Date occurs and (y) the 18th day (or, if such day is not a Business Day, the next succeeding Business Day) of the month in which the related Distribution Date occurs.
Servicer Remittance Date. With respect to each Mortgage Loan, the 18th day of each month, or if such 18th day is not a Business Day, the preceding Business Day.
Servicer Remittance Date. The third Business Day prior to each Distribution Date.
Servicer Remittance Date. The “Remittance Date” defined in the Servicing Agreement.