Initial Remittance Date definition
Examples of Initial Remittance Date in a sentence
The remittance on the Initial Remittance Date, or on such earlier date if an Agency Security Issuance Failure has occurred, shall include all Mortgage Pool payments (with the interest component thereof adjusted to the Participation Certificate Pass-Through Rate) received by Seller (or Subservicer).
The remittance on the Initial Remittance Date, or on such earlier date if an Agency Security Issuance Failure has occurred, shall include all Mortgage Pool payments (with the interest component thereof adjusted to the Participation Certificate Pass-Through Rate) received by Seller.
On the day of such determination (the “Initial Remittance Date”), Utility shall remit to DWR or its Assign(s) the Daily Remittance Amount, if any, for each day from the Effective Date up to and including the Initial Remittance Date.
Initial Remittance Date shall have the meaning set forth in Section 4.2(a).
The remittance on the Initial Remittance Date, or on such earlier date if a Securities Issuance Failure has occurred, shall include all Pooled Loan payments received by Seller.
Seller shall take all actions necessary or otherwise required by Depository to activate the Cash Management Account under the Blocked Account Agreement as soon as reasonably practicable (but in any event not later than ten (10) Business Days prior to the Initial Remittance Date).