Cut-off Date definition
Examples of Cut-off Date in a sentence
If any Deposits remain outstanding on the Business Day next succeeding the Cut-off Date, the Trustee shall promptly give the Escrow Agent notice, as contemplated by clause (ii) of Section 1.02(f) of the Escrow Agreement, that the Trustee’s obligation to purchase Series B Equipment Notes under the NPA has terminated and the Cut-off Date has occurred.
The 2026-2 Exchange Note will be payable solely from Collections on the Collateral Assets included in the 2026-2 Designated Pool in accordance with the priorities in Section 5.1. For purposes of determining the Collections that are applicable to the 2026-2 Designated Pool, the Collateral Assets included in the 2026-2 Designated Pool will be deemed to have been included in the 2026-2 Designated Pool from and after the Cutoff Date.
If any Deposits remain outstanding on the Business Day next succeeding the Cut-off Date, the Trustee shall promptly give the Escrow Agent notice, as contemplated by clause (ii) of Section 1.02(f) of the Escrow Agreement, that the Trustee’s obligation to purchase Series A Equipment Notes under the NPA has terminated and the Cut-off Date has occurred.
As of the 2026-2 Cutoff Date, each 2026-2 Lease Agreement had a Securitization Value not less than $5,000.000 and no more than $150,000.00.
As of the Cutoff Date, the related Lessee has not been identified on the records of GM Financial as being the subject of a current bankruptcy proceeding.