Trust Calculation Period definition

Trust Calculation Period means the period from (and including) the first date of each calendar month (or in the case of the first such Trust Calculation Period, the Initial Closing Date) to (and including) the last day of the same calendar month;
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Trust Calculation Period means the period commencing on (and including) the date immediately following the last Trust Calculation Date to (and including) the current Trust Calculation Date. The initial Trust Calculation Period will be (i) with respect to the First Trust, from and including the Trust Commencement Date to and including the first Trust Calculation Date to occur on March 24, 2022 and
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Trust Calculation Period means the period from (and including) the first date of each calendar month (or in the case of the first Trust Calculation Period, the Closing Date) to (and including) the last day of the same calendar month.
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Examples of Trust Calculation Period in a sentence

  • Such increase shall be allocated to the Beneficiaries at any time in proportion to their respective percentage shares in the Trust Property as determined in respect of the Trust Calculation Period or Interim Calculation Period, as the case may be, in which the arrears occur.

  • The parties acknowledge and agree that the Mortgage Sale Agreement provides that (a) the Seller may not assign New Mortgage Loans to the Mortgages Trustee during any Trust Calculation Period prior to the Distribution Date in such Trust Calculation Period, and (b) the Seller may only make one assignment of New Mortgage Loans to the Mortgages Trustee during any Trust Calculation Period.

  • The parties acknowledge and agree that the Mortgage Sale Agreement provides that (a) the Seller may not sell and assign New Mortgage Loans to the Mortgages Trustee during any Trust Calculation Period prior to the Distribution Date in such Trust Calculation Period, and (b) the Seller may only make one sale and assignment of New Mortgage Loans to the Mortgages Trustee during any Trust Calculation Period.

  • The aggregate amount of the withdrawal on each Distribution Date shall equal the Mortgages Trustee Available Revenue Receipts (as calculated on the immediately preceding Trust Calculation Date in respect of the immediately preceding Trust Calculation Period).

  • Said designation and appointment shall be irrevocable by the Borrower until all Loans, all reimbursement obligations, interest thereon and all other amounts payable by the Borrower hereunder and under the other Loan Documents shall have been paid in full in accordance with the provisions hereof and thereof.

  • On any Trust Calculation Date in respect of which a Sale Date or a Further Contribution Date has occurred during the immediately preceding Trust Calculation Period, the Cash Manager will calculate (for the sole purpose of making the distributions to be made on the immediately succeeding Distribution Date) the weighted average of the Seller Share Percentages that were calculated previously in respect of each Interim Trust Calculation Period occurring in that immediately preceding Trust Calculation Period.

  • The portion of a Trust Calculation Period that is less than a full Trust Calculation Period is called an Interim Trust Calculation Period.

  • The facility shall only be available if the Maximum Advance Amount is greater than nil and in any event shall cease to be available on the immediately succeeding Funding 1 Interest Payment Date following the end of the Trust Calculation Period during which the Extraordinary Payment Holiday Start- Up Loan Provider has provided confirmation in writing that no Extraordinary Payment Holiday Event remains in existence.

  • The facility shall only be available if the Maximum Advance Amount is greater than nil and in any event shall cease to be available on the immediately succeeding Interest Payment Date following the end of the Trust Calculation Period during which the Extraordinary Payment Holiday Start-up Loan Provider has provided confirmation in writing that no Extraordinary Payment Holiday Event remains in existence.

  • For the purposes of making the distributions of Principal Receipts pursuant to Clauses 14.2 to 14.4, the Funding 1 Share, each further Funding Company Share and the Seller Share shall be determined on the Relevant Trust Calculation Date falling in the immediately preceding Trust Calculation Period (or, in the case of the first Distribution Date, as of the Initial Closing Date).

Related to Trust Calculation Period

  • Interest Calculation Period means the interest calculation period set out or referred to in item 5(d) of the Mortgage Form;

  • The calculation date means the first day on which purchasers of ordinary shares of the Company shall not be granted the rights to subscribe for such new securities which confer the right to convert/exchange into the ordinary shares or the right to purchase the ordinary shares in case of a rights offering and/or the first day of the offering of securities which confer the right to convert/exchange into the ordinary shares or the right to purchase of the ordinary shares in case of a public offering or a private placement (as the case may be).

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 4; provided, however, that if a subsequent Valuation Date occurs under Paragraph 2 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 2.

  • Rate Calculation Date means the day which is two Rate Calculation Business Days before the due date of the relevant amount under these Conditions;

  • FX Calculation Date means each day on which FX is published by the Fixing Sponsor. "FX Call Event" means each of the following events: