Applicable Cutoff Date definition
Examples of Applicable Cutoff Date in a sentence
The aggregate of the Amount Financed for each Receivable as of the Applicable Cutoff Date.
The aggregate of the Amount Financed for each Receivable as of the [Applicable] Cutoff Date.
In accordance with the preceding sentence, on the Applicable Closing Date for each Originator, Buyer shall acquire all of such Originator's right, title and interest in and to all Receivables existing as of the Applicable Cutoff Date and thereafter arising through and including the Termination Date, together with all Related Security and Collections with respect thereto.
Each Borrowing Request shall be irrevocable, and shall (i) specify, among other things, (w) the amount of the proposed Advance, (x) the proposed Advance Date, (y) the aggregate Principal Balance of the Receivables subject to such Advance as of the Applicable Cutoff Date, and (z) the weighted average Advance Percentage Rate for such Receivables and (ii) contain attached thereto a Schedule of Receivables listing such Receivables.