Allocation Day definition
Examples of Allocation Day in a sentence
Not later than 2:00 p.m. (New York City time) on each Weekly Allocation Day, the Trustee (in consultation with the Servicer, to the extent deemed necessary by the Trustee) shall prepare and deliver to the Sellers, the Servicer and the Paying Agent a report with respect to each outstanding Series (the "WEEKLY TRUSTEE REPORT") in substantially the form set forth in EXHIBIT B hereto.
Funds in the Series 2001-A Collection Subaccount shall be invested in Permitted Investments maturing and available for transfer on or prior to the next following Weekly Allocation Day.
On each Allocation Day during a Collection Period, the Servicer will allocate Series Default Amounts to the Variable Base Certificates based on the applicable VBC Allocation Percentage.
On each Allocation Day during a Collection Period, the Servicer will allocate Series Principal Collections to the Variable Base Certificates based on the applicable VBC Allocation Percentage.
Funds in the Series 2002-A Collection Subaccount shall be invested in Permitted Investments maturing and available for transfer on or prior to the next following Weekly Allocation Day.