Assumed Payment Date definition
Assumed Payment Date. With respect to the Mortgage Loan for any calendar month following a delinquency in the payment of the Balloon Payment or the foreclosure, in whole or in part, of the Mortgage Loan or acceptance on behalf of the Trust and the Companion Loan Holders of a deed-in-lieu of foreclosure or comparable conversion of the Mortgage Loan (or portion thereof), the date that would have been the Payment Date in such calendar month if the Maturity Date or the foreclosure of the Mortgage Loan (or portion thereof) or acceptance on behalf of the Trust and the Companion Loan Holders of a deed-in-lieu of foreclosure or comparable conversion of the Mortgage Loan (or portion thereof) had not occurred.
Assumed Payment Date. With respect to the Trust Loan for any calendar month following a delinquency in the payment of the Balloon Payment or the foreclosure of the Whole Loan or acceptance by the Trustee on behalf of the Trust and the Companion Loan Holders of a deed in lieu of foreclosure or comparable conversion of the Whole Loan, the date that would have been the Loan Payment Date in such calendar month if the Maturity Date or the foreclosure of the Whole Loan or acceptance by the Trustee on behalf of the Trust and the Companion Loan Holders of a deed in lieu of foreclosure or comparable conversion of the Whole Loan had not occurred.
Assumed Payment Date. For any calendar month following a delinquency in the payment of the Balloon Payment or the foreclosure of the Mortgage Loan or acceptance by the Special Servicer, on behalf of the Trustee for the benefit of the Trust and the Senior Pari Passu Companion Loan Holders, of a deed in lieu of foreclosure or comparable conversion of the Mortgage Loan, the date that would have been the Loan Payment Date in such calendar month if the Maturity Date or the foreclosure of the Mortgage Loan or acceptance by the Special Servicer, on behalf of the Trustee for the benefit of the Trust and the Senior Pari Passu Companion Loan Holders, of a deed in lieu of foreclosure or comparable conversion of the Mortgage Loan had not occurred.
Examples of Assumed Payment Date in a sentence
Each Member shall determine its Fair Market Amount on the assumption that it would be paid or pay the other Member, the Company or any third party, as applicable, in cash on the first day of the first calendar month which is at least ten days after the date that such Fair Market Amounts are simultaneously exchanged (such assumed date of payment being hereinafter called the "Assumed Payment Date").
More Definitions of Assumed Payment Date
Assumed Payment Date. With respect to the Whole Loan for any calendar month following a delinquency in the payment of the Balloon Payment or the foreclosure of the Whole Loan or acceptance by the Special Servicer on behalf of the Trust Fund and the Companion Loan Holders of a deed-in-lieu of foreclosure or comparable conversion of the Whole Loan, the date that would have been the Payment Date in such calendar month if the Maturity Date or the foreclosure of the Whole Loan or acceptance by the Special Servicer on behalf of the Trust Fund and the Companion Loan Holders of a deed-in-lieu of foreclosure or comparable conversion of the Whole Loan had not occurred.
Assumed Payment Date shall have the meaning set forth in Section 16.1(b). Auction shall have the meaning set forth in Section 13.2(c).
Assumed Payment Date means, in respect of any Security, (a) at the time of issuance of such Security, in the case of any CP Note, its stated maturity date, in the case of any Extendible CP Note, its Expected Maturity Date, and in the case of any X-Note, its Maturity Date, (B) at the time of extension of any Extendible CP Note or at the end of a Calculation Period with respect to any Extended CP Note, the end of the next following Calculation Period with respect to such Extendible CP Note or Extended CP Note, and (C) at the beginning of an extension period with respect to any X-Note, the Maturity Date that would apply to such X- Note after giving effect to the extension.
Assumed Payment Date means December 31, 2014.
Assumed Payment Date. With respect to the Trust Loan for any calendar month following a delinquency in the payment of the Balloon Payment or the foreclosure of the Whole Loan or acceptance by the Special Servicer and delivery to the Trustee (or the Custodian on its behalf) on behalf of the Trust Fund and the Companion Loan Holder of a deed in lieu of foreclosure or comparable conversion of the Whole Loan, the date that would have been the Loan Payment Date in such calendar month if the Maturity Date or the foreclosure of the Whole Loan or acceptance by the Special Servicer and delivery to the Trustee (or the Custodian on its behalf) on behalf of the Trust Fund and the Companion Loan Holder of a deed in lieu of foreclosure or comparable conversion of the Whole Loan had not occurred.