First Collection definition

First Collection means the first round of collection of Cash from the Customer’s location within ADIB banking hours on ADIB banking days;
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Examples of First Collection in a sentence

  • The Collection Period has the meaning given in the Series Notice, except for the First Collection Period which commences on and includes the Effective Date.

  • COLLECTION PERIOD The Collection Period is the same as in the Series Notice, except for the First Collection Period which commences on and includes the Closing Date.

  • In no event, however, shall any Collection Agent Fee be payable to Seller for Collections relating to the applicable Sold Receivables received after the related First Collection Settlement Date.

  • The Collection Agent Fee shall be payable, in arrears, on that date which is thirty (30) days after a Funding Date (for the 30-day period preceding such payment date), the date which is 60 days after a Funding Date (for the 30-day period preceding such payment date), and the First Collection Settlement Date ( for the 15-day period preceding such payment date); provided that if any of such dates is not a Business Day, then on the next succeeding Business Day).

  • Seller shall submit a Status Report to Seller (i) no later than the fiftieth (50th) day after a Funding Date, with respect to the 45-day period which commenced on such Funding Date, and (ii) no later than two (2) days after a First Collection Settlement Date, with respect to the 45-day period immediately preceding such First Collection Settlement Date.

  • Seller shall submit a Status Report to Seller (i) no later than the thirty-fifth (35th) day after a Funding Date, with respect to the 30-day period which commenced on such Funding Date, and (ii) no later than two (2) days after a First Collection Settlement Date, with respect to the 30-day period immediately preceding such First Collection Settlement Date.

  • With respect to each Funding Date that date which is sixty (60) days after such Funding Date, provided that if such date is not a Business Day, then the First Collection Settlement Date shall be the next succeeding Business Day.

  • Upon the expiration of the First Collection Period, (x) the Buyer shall no longer have the right or obligation to pursue or collect the Uncollected Non-LT A/R, or any portion thereof, (y) the Company shall have the right to pursue all Uncollected Non-LT A/R for its own behalf using any lawful means it chooses, and (z) the Buyer shall remit promptly (but in any event with fifteen (15) business days of receipt) to the Company all sums received with respect to the Uncollected Non-LT A/R.

  • The Collection Agent Fee shall be payable, in arrears, every thirty (30) days after a Funding Date and on the First Collection Settlement; provided, however, that if any such payment date is not a Business Day, then such payment shall be made on the next succeeding Business Day.

Related to First Collection

  • Interest Collections means, (i) with respect to any Loan Asset, all payments and collections attributable to interest on such Loan Asset, including, without limitation, all scheduled payments of interest and payments of interest relating to principal prepayments, all guaranty payments attributable to interest and proceeds of any liquidations, sales, dispositions or securitizations attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees or other amounts received in respect of Loan Assets.

  • Net Collections With respect to any Corrected Mortgage Loan, an amount equal to all payments on account of interest and principal on such Mortgage Loan.

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • Investor Interest Collections means, for a Deposit Date or Collection Period, an amount equal to the product of (a) the Floating Investor Percentage for the related Collection Period, times (b) the Interest Collections for that Deposit Date or Collection Period, as applicable.

  • Available Finance Charge Collections means, for any Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge Collections for such Monthly Period, (b) the Series 2012-1 Excess Finance Charge Collections for such Monthly Period, (c) Principal Accumulation Investment Proceeds, if any, with respect to the related Transfer Date, (d) interest and earnings on funds on deposit in the Reserve Account which will be deposited into the Finance Charge Account on the related Payment Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(a), and (e) amounts, if any, to be withdrawn from the Reserve Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(c).