Initial Implementation Date definition
Examples of Initial Implementation Date in a sentence
The first payment shall be due and payable within five (5) days of the Initial Implementation Date and, subject to the terms of this subsection, all remaining payments will be due each calendar month thereafter on the same day of the month as the Initial Implementation Date (e.g. if the Initial Implementation Date is January 10/th/, 2000, each subsequent payment will be due on the 10/th/ day of the applicable calendar month).
Commencing on a date to be mutually agreed upon by the parties (for the avoidance of doubt, such date will occur after the FPP Initial Implementation Date), First Data will provide the Fraud Predictor Plus Services with respect to the *** in a trial use mode at no charge, and will continue to provide such services for the *** at no charge for a period of thirty (30) days thereafter (the “FPP Trial Period”).
On or after the Initial Implementation Date, MGIC may request, and Bank of America shall use reasonable efforts to provide, the documents set forth on Exhibit C with respect to Covered Loans; provided that unless such documents are also set forth on Exhibit B, Bank of America’s failure to provide any document set forth on Exhibit C in response to a request by MGIC pursuant to this Section 10(e) shall not affect the determination of whether a Claim is a Perfected Claim.
CHL or Servicer may terminate this Settlement Agreement by written notice to MGIC prior to the Initial Implementation Date if, within the Transfer Period, the OCI has filed a complaint relating to MGIC under Wisconsin Statute section 645.54 seeking to invalidate the transfer of the Settlement Payment or the Denial Settlement Payment to the MGIC Escrow Account, or to void any portion of this Settlement Agreement.
Bank of America may terminate this Settlement Agreement by written notice to MGIC prior to the Initial Implementation Date, if, within the Transfer Period, the OCI has filed a complaint relating to MGIC under Wisconsin Statute section 645.54 seeking to invalidate the transfer of the Settlement Payment or the Denial Settlement Payment to the Escrow Account, or to void any portion of this Settlement Agreement.
For all other [*], there will be [*] consecutive “True-Up Periods” of [*] each starting on the Initial Implementation Date in such country.
This AGREEMENT shall commence on the Initial Implementation Date, or on the date that the services begin following all required signatures or as soon as all required signatures have been affixed to this AGREEMENT, which ever date occurs last (the "COMMENCEMENT DATE"), and shall terminate on the last day of the month which is four (4) years after the COMMENCEMENT DATE.
The obligations of the Parties to consummate the actions set forth in this Settlement Agreement on and after the Initial Implementation Date are subject to and conditioned upon receiving the Required Consents.
Radian shall deliver to the Insureds, via secured internet delivery, Subject Loan Reports on the 20th day of each month, commencing after the first full month following the Initial Implementation Date and each applicable Other Implementation Date, and continuing until the month in which the last Subject Loan is resolved.
If (x) the aggregate amount of True-Up Loans resulting from the application of Section 7(b)(i) and the reduction of the Settlement Payment pursuant to Section 7(b)(ii) with respect to the Class 2 GSE Loans is less than the Reimbursement Amount, then (y) Bank of America shall pay to MGIC the aggregate amount of such difference, in cash via wire transfer within ten (10) days of the disbursements from escrow pursuant to Section 8(a) in connection with the Initial Implementation Date.