Weekly Allocation Date definition

Weekly Allocation Date means the fifth (5th) Business Day following the last day of each Weekly Collection Period, commencing on August 14, 2015.

Weekly Allocation Date means the last Business Day of the week following the last day of each Weekly Collection Period or, upon not less than two (2) Business Days’ notice to the Trustee, such other Business Day during such week that has been designated by the Manager and consented to by the Trustee (such consent not to be unreasonably withheld).

Weekly Allocation Date means each Currency Conversion Opt-Out Weekly Allocation Date or a Currency Conversion Weekly Allocation Date, as applicable.

Examples of Weekly Allocation Date in a sentence

• It shall be a condition to any Voluntary Decrease that the amount on deposit in the Collection Account is sufficient to pay the Trustee, the Servicer and the Manager, as applicable, for any unreimbursed Advances and Manager Advances (in each case, with interest thereon at the Advance Interest Rate), if any, on the Weekly Allocation Date immediately following such Voluntary Decrease.

• Any associated Series 2022-1 Class A-1 Breakage Amounts incurred as a result of such decrease (calculated in accordance with the Series 2022-1 Class A-1 Note Purchase Agreement) shall be deposited into the Collection Account for allocation as Series 2022-1 Class A-1 Other Amounts pursuant to the Priority of Payments on the Weekly Allocation Date related to the Weekly Manager’s Certificate indicating such Mandatory Decrease.

• On each Weekly Allocation Date, the Issuer (or the Manager on its behalf) shall instruct the Trustee in writing to withdraw on such date an amount equal to the lesser of (i) the sum of all Securitization Operating Expenses then due and payable and (ii) the amount on deposit in the Securitization Operating Expense Account after giving effect to any deposits thereto pursuant to the Priority of Payments on such date and apply such funds to pay any Securitization Operating Expenses then due and payable.

• Such interest will be calculated on the basis of a 360-day year of twelve 30-day months and will be due and payable in arrears on each Weekly Allocation Date.

• Any associated Series 2022-1 Class A-1 Breakage Amounts incurred as a result of such decrease (calculated in accordance with the Series 2022-1 Class A-1 Note Purchase Agreement) shall be deposited into the Collection Account for allocation as Series 2022-1 Class A-1 Other Amounts pursuant to the Priority of Payments on the Weekly Allocation Date related to the Weekly Manager’s Certificate indicating such Voluntary Decrease.

More Definitions of Weekly Allocation Date

Weekly Allocation Date means, in respect of any Weekly Collection Period, the last Business Day of the calendar week following the week in which such Weekly Collection Period ends.

Weekly Allocation Date means, with respect to each Quarterly Collection Period, the fifth Business Day after the last day of each Weekly Collection Period which occurs in such Quarterly Collection Period, commencing on April 26, 2007; provided, however, that with respect to any Weekly Allocation Date occurring during a calendar week in which there are fewer than five Business Days, such Weekly Allocation Date shall be the fourth Business Day after the last day of the Weekly Collection Period immediately preceding such Weekly Allocation Date.

Weekly Allocation Date means, with respect to each Weekly Collection Period, the last Business Day of the calendar week following the calendar week in which the related Weekly Collection Period ends or such earlier Business Day occurring no earlier than the Friday of the calendar week in which the related Weekly Collection Period ends that has been designated as the weekly allocation date by the Manager, in its sole discretion, in the related Weekly Manager’s Certificate delivered by the Manager on or prior to 4:30 p.m. (New York City time) on the Business Day preceding such Weekly Allocation Date or, if such Weekly Allocation Date is earlier than the last Business Day of the calendar week following the calendar week in which the related Weekly Collection Period ends, on or prior to 10:00 a.m. (New York City time) on the second Business Day preceding such Weekly Allocation Date; provided, that, in each case there will be no more than a single Weekly Allocation Date for any calendar week.

Weekly Allocation Date. The meaning specified in Section 10.1(b)(iii) of the Base Indenture.

Weekly Allocation Date. The meaning specified in Section 10.9.

Weekly Allocation Date means the first Business Day of each Weekly Collection Period, on which date the Transaction Manager will make all withdrawals and deposits pursuant to the Base Indenture relating to the applicable Collections in respect of the preceding Weekly Collection Period.

Weekly Allocation Date means the fourth Business Day immediately following the last day of each Weekly Collection Period, commencing on April 21, 2022.