Reset Date. Reset Date shall be each date when the Borrower, after the Agent has served a notice in accordance with clause 8.2.1 notifying it of a deficiency thereunder, submits a Schedule of Receivables pursuant to clause 2.4 in order to remedy the relevant deficiency notified by the Agent.
Reset Date. The 1st calendar day of each month, beginning on April 3rd, 2006, subject to the modified following business day convention (New York business days). The applicable one-month USD LIBOR reset for the Pricing Rate occurs 2 London business days prior to the Reset Date subject to the modified following business day convention.