Substitution Date definition

Substitution Date has the meaning specified in Paragraph 4(d)(ii).

Substitution Date has the meaning set forth in Section 1.03.

Substitution Date. With respect to a Substitute Receivable, the date on which the Seller or the Depositor, as applicable, delivers the related First Step Receivables Assignment or Second Step Receivables Assignment, respectively, to the Depositor or the Issuing Entity, respectively.

Examples of Substitution Date in a sentence

• The notice shall be in the form of an Officer's Certificate and shall specify the reason(s) for the proposed substitution and the proposed Substitution Date.

• After giving effect to such Substitution, as of the Substitution Date the LTV Ratio for all of the Properties then remaining subject to the Liens of the Security Instrument (i.e. including the Substitute Property and excluding the Replaced Property), shall not be less than 79.8%.

• After giving effect to such Substitution, as of the Substitution Date the LTV Ratio for all of the Properties then remaining subject to the Liens of the Security Instruments (i.e. including the Substitute Property and excluding the Replaced Property), shall not be more than the Closing Date LTV.

• On the Substitution Date (as defined below), the Trustee will deliver to the Company for cancellation all Bonds of the New Series.

• The Company will cause the Trustee to provide notice to all holders of Bonds of the New Series prior to the occurrence of the Substitution Date.

More Definitions of Substitution Date

Substitution Date means the Local Business Day in New York on which the Secured Party is able to confirm irrevocable receipt of the Substitute Credit Support, provided that (x) such receipt is confirmed before 3:00 p.m. (New York time) on such Local Business Day in New York and (y) the Secured Party has received, before 1:00 p.m. (New York time) on the immediately preceding Local Business Day in New York, the notice of substitution described in Paragraph 4(d)(i).

Substitution Date means the Exchange Day on which the Calculation Agent determines that a Substitution Event has occurred, provided that the Substitution Date may be a later date if any event or circumstance impedes the making of any necessary changes to the Portfolio.

Substitution Date shall have the meaning provided in Section 2.3.5(a).

Substitution Date means (A) the Local Business Day on which the Secured Party receives the Substitute Credit Support, if notice of substitution is received by the Notification Time on such date, and (B) the Local Business Day following the date on which the Secured Party receives the Substitute Credit Support, if notice of substitution is received after the Notification Time.

Substitution Date has the meaning specified in Section 2.17(c).

Substitution Date means, with respect to a Substitute Reference Obligation, the date on which the Calculation Agent notifies the Issuer of the Substitute Reference Obligation that it has identified in accordance with the definition of Substitute Reference Obligation above.

Substitution Date. Any date on which the Seller transfers a Substitute Loan to the Buyer.