Price Differential Payment Date definition
Examples of Price Differential Payment Date in a sentence
Funds deposited in the Deposit Account during any Pricing Period (except as provided in Section 4(c) and Section 7(d) and with respect to funds used to purchase Permitted Investments) shall be held therein until the next Price Differential Payment Date.
Two (2) Business Days prior to the Price Differential Payment Date, Administrative Agent shall give the Sellers written or electronic notice of the amount of the Price Differential due on such Price Differential Payment Date.
On the Price Differential Payment Date, the Sellers shall pay to Administrative Agent (to the extent not paid on such date through the payments required pursuant to Section 7(e), (f) or (g) hereof) the accrued but unpaid Price Differential for the benefit of Buyers for such Price Differential Payment Date (along with any other amounts to be paid pursuant to Sections 7 and 34 hereof), by wire transfer in immediately available funds.
On or before 3:00 p.m. (New York time) on the Business Day prior to the Price Differential Payment Date, a Seller Party or Servicer shall deliver to Administrative Agent and the Bank a Distribution Worksheet.
On the Term SOFR Determination Day of each Pricing Period that a Transaction is outstanding, the Pricing Rate shall be reset and, unless otherwise agreed between Administrative Agent and the Sellers, the accrued and unpaid Price Differential shall be settled in cash on each related Price Differential Payment Date.