Payment Determination Date definition

Payment Determination Date means, with respect to any Payment Date, one (1) Business Day immediately preceding such Payment Date.

Payment Determination Date means the relevant Calculation Day, unless a Delaying Event occurs with respect to such Payment Determination Date, in which case the first Business Day after the Calculation Day on which the Closing Prices for all Settlement Value Securities that have been subject to a Delaying Event have been determined.

Payment Determination Date shall have the meaning set forth in Section 2(b).

Examples of Payment Determination Date in a sentence

• All such other deposits shall be made on the Payment Determination Date for the related Collection Period.

• On or prior to the close of business on each Payment Determination Date, the Servicer shall deliver a Servicer’s Certificate pursuant to Section 5.08.

• All such deposits shall be made on the Payment Determination Date for the related Collection Period.

• Notwithstanding the foregoing, for so long as (i) World Omni remains the Servicer, (ii) no Servicer Default shall have occurred and be continuing and (iii) the Rating Agency Condition is met, the Servicer shall remit such collections with respect to the preceding calendar month to the Collection Account on the Payment Determination Date immediately preceding the related Payment Date.

• Notwithstanding the foregoing, for so long as the Monthly Remittance Condition is satisfied, the Servicer shall not be required to remit such collections on a daily basis, but may retain such collections without segregation and remit such collections with respect to the preceding calendar month to the Collection Account on the Payment Determination Date immediately preceding the related Payment Date.

More Definitions of Payment Determination Date

Payment Determination Date has the meaning assigned to it in the Sale and Servicing Agreement.

Payment Determination Date means the fifth Business Day prior to the Stated Maturity.

Payment Determination Date means the relevant Calculation Day, unless a Delaying Event occurs with respect to such Payment Determination Date, in which case the first Business Day after the Calculation Day on which the Closing Prices for all Settlement Value Securities or the Closing Levels for all Relevant Indices, as the case may be, that have been subject to a Delaying Event have been determined.

Payment Determination Date means, with respect to any Distribution Date, the 10th day of the month (or if such day is not a Business Day, the next succeeding Business Day) of such Distribution Date.

Payment Determination Date for purposes of determining when a payment resulting from a Compensated Termination must be made pursuant to Section 4(a), shall mean the effective date of the termination of the Executive’s employment with the Bank if such termination is a “Compensated Termination.”

Payment Determination Date means (i) with respect to any Regular Remittance Date, the third Business Day preceding such Remittance Date, and (ii) with respect to any Special Remittance Date, the second Business Day preceding such Remittance Date.

Payment Determination Date means the Calculation Day; unless a Market Disruption Event occurs on the Calculation Day, in which case the first Business Day after the Calculation Day on which a Market Disruption Event does not occur.