Special Remittance Date definition

Special Remittance Date means any Business Day designated as a “Special Remittance Date” pursuant to Section 2.01 of the Transfer and Assignment Agreement by the Administrator in a written notice delivered to the Servicer, the Owner and the Certificate Trustee. Such notice may be delivered on the date designated as the Special Remittance Date therein; provided, however, if on any Business Day such notice is delivered to the Certificate Trustee after 3:00 pm, New York City time, such Special Remittance Date shall occur on the immediately following Business Day or such later date as may be specified in such notice.
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Special Remittance Date means (a) each Business Day designated by Lender as a Remittance Date during the continuation of an Event of Default and (b) the later of (i) the Termination Date and (ii) any Term Loan Maturity Date (or, if such later date is not a Business Day, the Business Day immediately succeeding such date).
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Special Remittance Date. The March 1998 Remittance Date.
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Examples of Special Remittance Date in a sentence

  • Additionally, on the Special Remittance Date the Trustee shall, based upon information received from the Servicer, forward to the Certificateholders and the Rating Agency a report setting forth the amount of principal and interest, if any, being paid to each Class of Certificates on the Special Remittance Date.

  • Any amounts remaining in the Capitalized Interest Account after taking into account such transfer shall be paid on such Special Remittance Date to the Holders of the Class R-1 Certificates, and the Capitalized Interest Account shall be closed.

  • Any amounts remaining in the Capitalized Interest Account after taking into account such transfer shall be paid on such Special Remittance Date to the Representative, and the Capitalized Interest Account shall be closed.

  • Additionally, on the Special Remittance Date the Trustee shall, based upon information received from the Servicer, forward to the Certificateholders and the Rating Agencies a report setting forth the amount of principal and interest, if any, being paid to each Class of Certificates on the Special Remittance Date.

  • Any amounts remaining in the Capitalized Interest Account after taking into account such transfer shall be paid on such Special Remittance Date to the Seller, and the Capitalized Interest Account shall be closed.

  • Additionally, on the Special Remittance Date, the Trustee shall withdraw from the Certificate Account the amount, if any, deposited therein pursuant to Section 6.01(a)(v) and make distributions thereof as follows: from amounts transferred from the Pre-Funding Account, distributions of principal to the Class A and Class B Certificates pro rata based upon the Class A and Class B Percentages.

  • Additionally, on the Special Remittance Date the Trustee shall, based upon information received from the Servicer, forward to the Certificateholders, the Certificate Insurer and the Rating Agencies, a report setting forth the amount of principal and interest, if any, being paid to each Class of Class A Certificates on the Special Remittance Date.

  • Additionally, on the Special Remittance Date the Trustee shall, based upon information received from the Servicer, forward to the Certificateholders and the Rating Agencies, a report setting forth the amount of principal and interest, if any, being paid to each Class of Certificates on the Special Remittance Date, and to the Certificate Insurer, a report setting forth such information only with respect to the Pool I and Pool IV Certificates.

  • Additionally, on the Special Remittance Date the Indenture Trustee shall, based upon information received from the Servicer, forward to the Noteholders, the Owner Trustee and the Rating Agencies a report setting forth the amount of principal and interest, if any, being paid to each Class of Notes on the Special Remittance Date.

  • However, if at the close of business on the March 1998 Determination Date, amounts still remain in the Pre-Funding Account, the Servicer shall instruct the Trustee to withdraw from the Pre-Funding Account on the Special Remittance Date and deposit in the Certificate Account any Pre-Funded Amount then remaining in the Pre-Funding Account.