Examples of Initial Cut-Off Date in a sentence
The Servicer’s appointment as custodian will become effective as of the Initial Cut-Off Date and will continue in full force and effect until terminated pursuant to this Section.
Such representations, warranties and covenants are made or deemed to be made (x) with respect to the Initial Mortgage Loans, as of the Initial Cut-Off Date and (y) with respect to the Subsequent Mortgage Loans, as of the related Subsequent Cut-Off Date.
On the Closing Date, the Issuer has made available to the Seller an Initial Issuer Advance in respect of each Purchased Vehicle together with the associated Lease Receivables forming part of the Initial Portfolio, each for an amount equal to the Present Value of the aggregate Purchase Price payable in respect of the Purchased Vehicle as calculated as at the Initial Cut-Off Date.
The Servicer, on behalf of the Issuers, indicated that certain of the System Screen Shots contained account activity which occurred after the applicable Initial Cut-Off Date.
Within two Business Days after the Initial Closing Date, GMAC shall deliver to the Purchaser all collections on the Receivables in the Accounts in the Pool of Accounts held by GMAC on the Initial Closing Date to the extent such collections would be required to be on deposit on such date if this Agreement and the Trust Sale and Servicing Agreement had been in effect from and after the Initial Cut-Off Date and the Revolving Period had commenced on such date.