Monthly Reporting Period. The period during which servicers report Mortgage payments to the Administrator, generally consisting of the calendar month preceding the related Payment Date for Gold PCs and the second calendar month preceding the related Payment Date for ARM PCs, which period the Administrator has the right to change as provided in Section 3.05(d) of this Agreement; provided, however, that with respect to prepayments on PCs issued before September 1, 1995, the Monthly Reporting Period generally is from the 16th of a month through the 15th of the next month. Moody’s: Xxxxx’x Investors Service, Inc., or any successor thereto.
Monthly Reporting Period. The period, which period the Administrator has the right to change as provided in Section 3.05(d) of this Agreement, during which servicers report Mortgage payments to the Administrator, generally consisting of:
Monthly Reporting Period means any Level 1 Ratings Period.
Examples of Monthly Reporting Period in a sentence
For purposes of this Agreement with respect to any PC Pool, any payment or any event with respect to any Mortgage included in such PC Pool that is reported to the Administrator by the related servicer as having been made or having occurred within a Monthly Reporting Period shall be deemed to have been received by the Administrator or to have in fact occurred within such Monthly Reporting Period used by the Administrator for such purposes.
More Definitions of Monthly Reporting Period
Monthly Reporting Period means, as of any date of determination, the calendar month immediately preceding such date of determination. For example, if the date of determination is August 9, 2008, (i) the immediately preceding Monthly Reporting Period is the period commencing on July 1, 2008 and ending on July 31, 2008, (ii) the then current Monthly Reporting Period is the period commencing on August 1, 2008 and ending on August 31, 2008 and (iii) the immediately succeeding Monthly Reporting Period is the period commencing on September 1, 2008 and ending on September 30, 2008.
Monthly Reporting Period means any period of time commencing on any day that the Aggregate Revolving Exposure (other than the aggregate LC Exposure) has exceeded $40,000,000 for more than five (5) consecutive days and continuing until such subsequent day, if any, on which the Aggregate Revolving Exposure (other than the aggregate LC Exposure) has not exceeded $0 for more than sixty (60) consecutive days.
Monthly Reporting Period means each period commencing when the Borrowers have failed to maintain an Excess Availability Percentage at least equal to twelve and a half percent (12.5%) for at least five (5) consecutive Business Days and ending on the first date thereafter when the Borrowers have maintained an Excess Availability Percentage at least equal to twelve and a half percent (12.5%) for five (5) consecutive Business Days.
Monthly Reporting Period means any period during which one or more of the Loan Parties is required to deliver certain certificates, documents and other information on a monthly basis in accordance with the terms of this Agreement. A Monthly Reporting Period shall be triggered upon the making of any Loan under this Agreement. Once triggered, a Monthly Reporting Period shall remain in effect at all times thereafter until the principal of or any accrued interest on any Loan under this Agreement equals zero; provided that a Monthly Reporting Period shall not be in effect at any time a Weekly Reporting Period is in effect.
Monthly Reporting Period means the occurrence of a date when for a period of five consecutive Business Days either (x) the sum of outstanding Revolver Loans and LC Obligations have exceeded $15.0 million or (y) Availability has been less than $100.0 million, until such date that (x) the sum of outstanding Revolver Loans and LC Obligations have not exceeded $15.0 million and (y) Availability has not been less than $100.0 million, in each case, for a period of five consecutive Business Days.”
Monthly Reporting Period means each period from and including a Monthly Date to but excluding the next succeeding Monthly Date, provided that (a) the first Monthly Reporting Period shall commence on and include the date hereof and end on but exclude the Monthly Date occurring in November 2012 and (b) the final Monthly Reporting Period shall end on the Maturity Date.
Monthly Reporting Period means any period other than a Weekly Reporting Period.