Remittance Period means, (a) as to the initial Payment Date, the period beginning on, and including, the Closing Date and ending on, and including, the Determination Date immediately preceding such Payment Date and (b) as to any subsequent Payment Date, the period beginning, and including, on the first day after the most recently ended Remittance Period and ending on, and including, the Determination Date immediately preceding such Payment Date, or, with respect to the final Remittance Period, the Collection Date.
Remittance Period means, with respect to any True-Up Adjustment, the period comprised of 6 consecutive Collection Periods beginning with the Collection Period three months prior to when such True-Up Adjustment would go into effect, from the Closing Date to the first Scheduled Payment Date, and for each subsequent period between Scheduled Payment Dates.
Remittance Period. The period (inclusive) beginning on the first day of the calendar month immediately preceding the month in which a Remittance Date occurs and ending on the last day of such immediately preceding calendar month.
Examples of Remittance Period in a sentence
Each Advance and I/O Loan shall accrue interest at the applicable Yield Rate for each day during each applicable Remittance Period.
The Administrative Agent shall determine the Yield in respect of all Advances and the I/O Loan (including unpaid Yield related thereto, if any, due and payable on a prior Payment Date) to be paid by the Borrower on each Payment Date for the related Remittance Period and shall advise the Servicer thereof on or prior to the third (3rd) Business Day prior to such Payment Date.
Yield on the I/O Loan due on each Payment Date shall be equal to the applicable interest due thereon with respect to each such Payment Date, which Yield shall accrue at the Yield Rate for each day during the Remittance Period.
More Definitions of Remittance Period
Remittance Period. For any Distribution Date, the period commencing on the second day of the month preceding the month in which the Distribution Date occurs and ending on the first day of the month in which the Distribution Date occurs.
Remittance Period. With respect to each Monthly Remittance Date, the calendar month immediately preceding such Monthly Remittance Date.
Remittance Period means the semiannual periods commencing on January 1 and July 1 of each year and ending on June 30 and December 31, respectively, of each year; provided, however, that the initial Remittance Period shall commence on the Closing Date and end on or before the date which is three months after the end of the initial Reconciliation Period.
Remittance Period. The calendar month immediately preceding the month in which a Monthly Remittance Date occurs.
Remittance Period. With respect to any Payment Date, the period commencing immediately following the Determination Date for the preceding Payment Date (or, in the case of the initial Payment Date, commencing immediately following the initial Transfer Cut-off Date) and ending on and including the related Determination Date.
Remittance Period. With respect to each Monthly Remittance Date, the period commencing the second day of the calendar month immediately preceding such Monthly Remittance Date and ending the first day of the calendar month in which such Monthly Remittance Date occurs.
Remittance Period. As to any Payment Date, the calendar month preceding the month of such Payment Date.