Rate Setting Date definition
Examples of Rate Setting Date in a sentence
If Borrower satisfies all of the conditions to Lender's obligation to make the Advance, then Borrower may submit to Lender, by facsimile transmission before 1:00 p.m. Washington, D.C. time on any Business Day ("Rate Setting Date"), a completed and executed Rate Form.
Receipt and review of a certified rent roll dated five days prior to the Rate Setting Date, as well as an operating statement dated within 30 days.
On every Interest Rate Setting Date, the Facility Agent shall determine the Applicable Margin for the relevant Interest Period based on information with respect to Guarantor EBITDA and Guarantor Senior Debt, which shall be included in a Compliance Certificate delivered by the Borrowers for the most recently-ended Fiscal Quarter prior to such Interest Rate Setting Date (or for the initial Interest Setting Date, the certificate delivered pursuant to Section 4.01(p)).
The Good Faith Deposit must be received by WMF in immediately available funds no less than 24 hours prior to the Rate Setting Date.
In the event that the person attending closing on behalf of the Title Insurance Company is an agent rather than an employee of the Title Insurance Company, such agent shall deliver to WMF at least five (5) Business Days prior to the Rate Setting Date an insured closing services letter in form and content satisfactory to WMF and WMF's Counsel.