Monthly Servicing Payment Date definition

Monthly Servicing Payment Date means the twenty-seventh day of each calendar month, or, if such day is not a Business Day, the immediately following Business Day, commencing on March 1, 1999.

Monthly Servicing Payment Date means the twenty-fifth day of each calendar month or, if such day is not a Business Day, the immediately following Business Day, commencing on May 25, 2004.

Monthly Servicing Payment Date means the 15th day of each calendar month or, if such day is not a Business Day, the immediately following Business Day, commencing in August 2009.

Examples of Monthly Servicing Payment Date in a sentence

• On the fifth Business Day preceding each Monthly Servicing Payment Date that is not a Distribution Date, as applicable, the Administrator shall calculate all amounts required to be deposited into the Collection Account from the Reserve Account and the amounts to be distributed therefrom on the related Monthly Servicing Payment Date.

• On the fifth Business Day preceding each Monthly Servicing Payment Date that is not a Distribution Date, the Administrator shall calculate all amounts required to determine the amounts to be deposited in the Collection Account from the Cash Capitalization Account and the Reserve Account and the amounts to be distributed therefrom on the related Monthly Servicing Payment Date.

• On the fifth Business Day preceding each Monthly Servicing Payment Date that is not a Distribution Date, as applicable, the Administrator shall calculate all amounts required to be deposited into the Collection Account from the Reserve Account and the Capitalized Interest Account, and the amounts to be distributed therefrom on the related Monthly Servicing Payment Date.

• On the fifth Business Day preceding each Monthly Servicing Payment Date that is not a Distribution Date, as applicable, the Administrator shall calculate all amounts required to be deposited into the Collection Account from the Reserve Account and the Capitalized Interest Account and the amounts to be distributed therefrom on the related Monthly Servicing Payment Date.

• In the event that the Administrator (and each such Affiliate which guarantees the obligations of the Administrator) is rated below "AA-" and "A-1+" by S&P, the Administrator shall deposit all such collections into the Collection Account at least as frequently as the next following Monthly Servicing Payment Date, unless less frequent deposits will not result in a downgrading or withdrawal of S&P's then-current ratings on the Notes.

More Definitions of Monthly Servicing Payment Date

Monthly Servicing Payment Date means the 15th day of each calendar month or, if such day is not a Business Day, the immediately following Business Day, commencing in April 2008.

Monthly Servicing Payment Date means each Monthly Allocation Date.

Monthly Servicing Payment Date means the twenty-fifth day of any calendar month in which a Quarterly Distribution Date does not occur, or, if such day is not a Business Day, the immediately succeeding Business Day, commencing on November 25, 2005.

Monthly Servicing Payment Date means the 25th calendar day of each month, or, if that day is not a business day, the immediately following business day.

Monthly Servicing Payment Date means each Monthly Allocation Date. “Moody’s” means Moody’s Investors Service, Inc.

Monthly Servicing Payment Date means the 15th day of each calendar month or, if such day is not a Business Day, the immediately following Business Day, commencing on Januaryr 17, 2006.

Monthly Servicing Payment Date means the twenty-fifth day of each calendar month, or, if such day is not a Business Day, the immediately following Business Day, commencing on September 25, 2003.