Interim Collections definition
Interim Collections means all Collections received during any Interim Collection Period.
Interim Collections means Collections received in respect of the Mortgage Loans from (and including) 1 February 2022 to (but excluding) the Closing Date that relate to the Issuer's Collection Portion.
Interim Collections means, with respect to any Loan Interest or Lease Interest, all amounts received during the Interim Period by Seller or any of its Affiliates on, under, with respect to or on account of such Loan Interest or Lease Interest that accrue or become due during, or are otherwise attributable or allocable to, the Interim Period (or any part thereof) or that relate to facts, events or circumstances occurring during the Interim Period, including without limitation, any payments of principal, interest, Rent, stipulated loss payments, casualty related payments, Advance Payments, indemnities, insurance proceeds and other recoveries on account of any loss or damage to any Equipment or Collateral, late fees or charges, finance charges, early termination fees, other fees or charges of any kind, and all tax payments received from an Obligor, in each case to the extent (and only to the extent) that such payment or recovery accrues or becomes due during, or is otherwise attributable or allocable to, the Interim Period (or any part thereof) or relates to facts, events or circumstances occurring during the Interim Period.
Examples of Interim Collections in a sentence
If Utility so implements an Interim Collections Curve, then Utility shall be entitled to use it instead of the then operative Collections Curve only until such time as the aggregate funds received from Customers for Charges since the first Business Day of the 10 Business Day period triggering the use of the Interim Collections Curve exceed the 80% threshold described above.
All Interim Collections received by Seller or an Asset Seller will be remitted to Buyer pursuant to the terms of Section 4.11 hereof.
More Definitions of Interim Collections
Interim Collections has the meaning set forth in Section 4.21(b).