Monthly Allocation Dates Clause Samples
The "Monthly Allocation Dates" clause defines specific dates each month on which certain allocations, such as payments, resources, or benefits, are distributed or become effective under the agreement. Typically, this clause will specify whether the allocation occurs on a fixed calendar day (e.g., the first of each month) or another recurring schedule, and may outline procedures if the date falls on a weekend or holiday. Its core practical function is to provide predictability and structure for both parties, ensuring that allocations are made consistently and reducing the risk of disputes over timing.
Monthly Allocation Dates. For the avoidance of doubt, the Monthly Allocation Dates and the date of delivery of the Monthly Manager’s Certificate through the Series 2021-1 Class A-2 Legal Final Maturity Date, the Series 2021-1 Class B-2 Legal Final Maturity Date and the Series 2021-1 Class M-2 Legal Final Maturity Date are as set forth in Annex B of this Series 2021-1 Supplement.
