Due Period definition

Due Period. With respect to any Distribution Date, the period commencing on the second day of the month immediately preceding the month in which such Distribution Date occurs and ending on the first day of the month in which such Distribution Date occurs.

Due Period. With respect to each Remittance Date, the period commencing on the second day of the month immediately preceding the month of the Remittance Date and ending on the first day of the month of the Remittance Date.

Due Period. With respect to any Distribution Date, the one-month period set forth in the Series Supplement.

Examples of Due Period in a sentence

• If no Event of Default has occurred and is continuing when the Company submits the Minimum Deposit Report to the Receiver, the Debtors may stop depositing Loan Proceeds for the related Due Period into the Collection Account (a “Due Period Deposit Pause”).

• At any time after the Minimum Deposit Amount for a Due Period is reached, the Company may submit to the Receiver a report, in substantially the form attached hereto as Appendix A (the “Minimum Deposit Report”) showing (i) the amount of deposits into the Collection Account during that Due Period, (ii) the amount of deposits into the Collection Account during prior Due Periods and remaining in the Collection Account, and (iii) the Minimum Deposit Covered Disbursements for the related Distribution Dates.

• For the avoidance of doubt, (a) upon the occurrence and continuation of an Event of Default, these Minimum Deposit Provisions do not apply, any Due Period Deposit Pause then in effect is immediately (and without further action) terminated and no Due Period Deposit Pause may be commenced, and (b) Loan Proceeds not required to be remitted to the Collection Account may be retained and used by the Debtors without restriction.

More Definitions of Due Period

Due Period. As to any Distribution Date, the period beginning on the second day of the month preceding the month of such Distribution Date, and ending on the first day of the month of such Distribution Date.

Due Period. With respect to any Distribution Date, the period commencing on the second day of the month preceding the month of such Distribution Date (or, with respect to the first Due Period, the day following the Cut-off Date) and ending on the related Due Date.

Due Period. With respect to any Distribution Date, the calendar month of such Distribution Date.

Due Period means, with respect to any Payment Date, the period commencing on and including the day immediately following the eighth Business Day prior to the preceding Payment Date (or on the Issue Date, in the case of the Due Period relating to the first Payment Date) and ending on and including the eighth Business Day prior to such Payment Date (or, in the case of the Due Period applicable to the Payment Date which is the Redemption Date of any Note, ending on and including the Business Day preceding such Payment Date).

Due Period. With respect to each Distribution Date, the calendar month in which such Distribution Date occurs.

Due Period. With respect to any Distribution Date and any Mortgage Loan or Companion Loan, the period commencing on the day immediately succeeding the Due Date for such Mortgage Loan or Companion Loan occurring in the month preceding the month in which such Distribution Date occurs or the date that would have been the Due Date if such Mortgage Loan or Companion Loan had a Due Date in such preceding month and ending on and including the Due Date for such Mortgage Loan or Companion Loan occurring in the month in which such Distribution Date occurs. Notwithstanding the foregoing, in the event that the last day of a Due Period (or applicable grace period) is not a Business Day, any Monthly Payments received with respect to the Mortgage Loans or Companion Loan relating to such Due Period on the Business Day immediately following such day shall be deemed to have been received during such Due Period and not during any other Due Period.

Due Period. With respect to each Remittance Date and any Mortgage Loan, the period commencing on the day immediately succeeding the Due Date for such Mortgage Loan occurring in the month preceding the month of the Remittance Date and ending on the next Due Date.