Examples of Monthly Reporting Date in a sentence
In any case where the date of any Monthly Remittance Date or any Monthly Reporting Date shall not be a Business Day, then payment or mailing need not be made on such date, but must be made on the preceding Business Day.
The Servicer shall provide (or cause to be provided) the Data File to the Collateral Agent at least three (3) Business Days prior to the Monthly Reporting Date and, with respect to a Payment Date Report, at least three (3) Business Days prior to the Payment Date.
On each Monthly Reporting Date, the Monthly Servicing Report to Administrative Agent, Paying Agent and each Lender on the terms and conditions set forth in the Servicing Agreement.
If, as of any Monthly Reporting Date, the average of the Excess Spread Ratios for the three preceding Accounting Periods is less than 7.00%, the Borrower shall purchase, or cause the Servicer to purchase, an Interest Rate Hedge Agreement which shall provide suitable protection (in the Program Agent’s reasonable judgment) against an adverse change in interest rates.
On each Monthly Reporting Date from and after the Servicing Turnover Date, the successor Servicer shall provide Program Agent with a Monthly Report.