Monthly Collections definition

Monthly Collections means the Monthly Collections Part 1 and the Monthly Collections Part 2.

Monthly Collections means, with respect to each Settlement Date, the aggregate amount of Collections deposited to the Payment Account during the immediately preceding Settlement Period, plus any Deemed Collections with respect to such Settlement Period deposited to the Payment Account three (3) Business Days prior to such Settlement Date as required pursuant to Section 3.02.

Monthly Collections has the meaning set forth in the Participation Agreement.

Examples of Monthly Collections in a sentence

• MANAGER’S COMMENTS: Mr. Larry Warren, Tax Administrator, will present the Monthly Collections Report and be available for questions and discussion.

• VW Bank as the Servicer shall transfer on the second Business Day following the fifteenth calendar day of each Monthly Period to the Monthly Collateral Account of VW Bank which is maintained with the Monthly Collateral Account Bank, the Monthly Collateral Part 2 for securing the Issuer's claim with respect to the Monthly Collections Part 2 and will maintain the Monthly Collateral Part 2 as collateral on this account until the Monthly Collections Part 2 have been paid.

• Any such requested reduction in the Aggregate Principal shall be applied to reduce the Principal of each Lender to the extent Monthly Collections are then available therefor in excess of the sum (without duplication) of the related Liquidation Fee, any applicable amounts payable pursuant to Section 4.02 and the amounts scheduled to be payable on the next succeeding Settlement Date in accordance with Section 3.01(d)(i) through (iii).

• VW Bank as the Servicer shall transfer on the second Business Day of each Monthly Period to the Monthly Collateral Account of VW Bank which is maintained with the Monthly Collateral Account Bank, the Increased Monthly Collateral Part 1 for securing the Issuer's claim with respect to the Monthly Collections Part 1 and will maintain the Increased Monthly Collateral Part 1 as collateral on this account until the Monthly Collections Part 1 have been paid.

• VW Bank as the Servicer shall transfer on the second Business Day of each Monthly Period to the Monthly Collateral Account of VW Bank which is maintained with the Monthly Collateral Account Bank, the Monthly Collateral Part 1 for securing the Issuer's claim with respect to the Monthly Collections Part 1 and will maintain the Monthly Collateral Part 1 as collateral on this account until the Monthly Collections Part 1 have been paid.

• Property Manager’s role to collect the Gross Monthly Collections shall be administrative, and, shall not extend to additional means such as use of collection agencies or legal proceedings unless directed otherwise by Owner.

• All funds collected by Property Manager derived from the operation of the Building, including all Gross Monthly Collections shall be immediately deposited in the following Building Revenue Account in accordance with instructions issued by Owner: Property Manager may endorse for deposit only any and all checks drawn to the order of Owner for deposit in the Building Revenue Account.

• Any such requested reduction in the Purchasers’ Pool Investment shall be applied to reduce the Investments of each Purchaser to the extent Monthly Collections are available therefor in accordance with Section 3.1(d).

• Property Manager shall handle collection of all revenues (defined as "Gross Monthly Collections") due to the State for use of the Properties.

• VW Bank, as the Servicer, will remit the following payments (each as a single deposit) to the Distribution Account: (i) on the second business day of each Monthly Period the Monthly Collections Part 2 for the previous Monthly Period; and (ii) on the second business day following the fifteenth calendar day of each Monthly Period the Monthly Collections Part 1.

More Definitions of Monthly Collections

Monthly Collections means, with respect to each Settlement Date, the aggregate amount of Collections deposited to the Collateral Agent’sPayment Account during the immediately preceding Settlement Period, plus any Deemed Collections with respect to such Settlement Period deposited to the Collateral Agent’sPayment Account three (3) Business Days prior to such Settlement Date as required pursuant to Section 3.2. “Moody’s” means Xxxxx’x Investors Service, Inc. “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA. “Net Portfolio Balance” means, at any time in any calendar month, (A) if such time is prior to the completion of the application of Collections in accordance with Section 3.1(d) with respect to the Settlement Date occurring in such calendar month, an amount equal to (x) the aggregate Financed Unpaid Balance of Pool Receivables that constitute Eligible Receivables as of the end of the last day of the most recently ended Settlement Period, minus (y) the sum of (a) the Excess Concentration Amount as of the end of the last day of the most recently ended Settlement Period, plus (b) without duplication of any amounts already removed from the Net Portfolio Balance (including as a result of the related Pool Receivable no longer constituting an Eligible Receivable), all cash Collections and security deposits which have been allocated to the reduction of the Financed Unpaid Balance of such Eligible Receivables but have not yet been applied to reduce such Financed Unpaid Balance, as of the last day of the end of the last day of the most recently ended Settlement Period, plus (c) without duplication of any such amounts already removed from the Net Portfolio Balance (including as result of the related Pool Receivable no longer constituting an Eligible Receivable), the aggregate amount, as of the end of the last day of the most recently ended Settlement Period, for all Pool Receivables that are Eligible Receivables of all Dilutions and discounts, rebates or other credits that reduce the Financed Unpaid Balance in respect of such Pool Receivables; and (B) if such time is upon and after the completion of application of Collections in accordance with Section 3.1(d) with respect to any Settlement Date occurring in such calendar month, the amount determined pursuant to clause (A)(x) hereof plus, upon the completion of any Purchase occurring upon and after such A-27 SK 28677 0004 8494650 v1726

Monthly Collections means, with respect to each Settlement Date, the aggregate amount of Collections deposited to the Payment Account during the immediately preceding Settlement Period, plus any Deemed Collections with respect to such Settlement Period deposited to the Payment Account three(3) Business Days prior to such Settlement Date as required pursuant to Section 3.02.

Monthly Collections means the cash proceeds received by the Borrower or any other Credit Party in respect of the sale of Securities Collateral during a Collections Period.

Monthly Collections means the Collections received by the Fund during each Monthly Period.

Monthly Collections means all Collections received during any Monthly Collection Period.