Monthly Calculation Date definition

Monthly Calculation Date means the twenty-fifth day of each calendar month (or, in the event such twenty-fifth day is not a Business Day, the next succeeding Business Day).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Monthly Calculation Date means the last day of each calendar month.

Monthly Calculation Date means the 25th day of each calendar month or, if such 25th day is not a Business Day, the next succeeding Business Day.

Examples of Monthly Calculation Date in a sentence

• The Borrower also agrees to reimburse the Agent, the Lenders and the Issuers for any reasonable costs, internal charges and out-of-pocket expenses (including attorneys’ fees and time charges of attorneys for the Agent, the Lenders and the Issuers which attorneys may be employees of the Agent, the Lenders and the Issuers) paid or incurred by the Agent, the Arranger, any Lender or Issuer in connection with the collection of the Obligations and enforcement of the Loan Documents.

• With respect to any Swap Agreement for which any such amount cannot be determined on the Monthly Calculation Date, the Trustee will make such deposit based upon assumptions set forth in the Supplemental Indenture authorizing such Swap Agreement.

• On each Quarterly Calculation Date and Monthly Calculation Date, the Servicer may file a Quarterly True-Up Adjustment Filing or Monthly True-Up Adjustment Filing, as the case may be, if necessary.

• Notwithstanding the foregoing, if on any Monthly Calculation Date the Balance in the Reserve Fund exceeds the Reserve Fund Requirement, such excess shall, upon Issuer Order, be transferred to the Collection Fund.

• On each Monthly Calculation Date, the Trustee shall transfer and credit to the Administration Fund moneys available hereunder for transfer thereto in such amounts and at such times as an Authorized Officer of the Issuer shall direct by Issuer Order, for the payment of Servicing Fees, Administration Fees and Note Fees due during the next month.

More Definitions of Monthly Calculation Date

Monthly Calculation Date has the meaning set forth in Section 8.1(iii) hereof.

Monthly Calculation Date means the date fifteen days prior to any Monthly True-Up Adjustment Date.

Monthly Calculation Date means the second Business Day preceding a Monthly Settlement Date;

Monthly Calculation Date means the last Business Day of each month; Moody’s means ▇▇▇▇▇’▇ Investors Service Ltd or any successor to its rating business; Register has the meaning given to it in the Icelandic Covered Bond Act; Relevant Reference Currency Swap Agreement means, in relation to a Series of Covered Bonds which are denominated in a currency other than ISK, an agreement in the form of an ISDA 2002 Master Agreement including the Schedule and Credit Support Annex thereto, together with the relevant form of currency swap confirmation for a Currency Swap, in each case in the form annexed to the applicable Series Deed of Covenant;

Monthly Calculation Date means the third (3rd) Business Day after the Month End Date.

Monthly Calculation Date means the twenty-fifth day of each calendar month, or in the event such twenty-fifth day is not a Business Day, the next succeeding Business Day.

Monthly Calculation Date means the date, falling 5 (five) Business Days after a Monthly Valuation Date, within which the Calculation Agent shall deliver the Monthly Calculation Report.