Related Payment Date definition

Related Payment Date means any payment date on the Notes on which the amount payable is calculated by reference to the Relevant Rate determined on the related Scheduled FX Fixing Date;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Related Payment Date means the Record Date occurring on the last Business Day of such Collection Period and the Determination Date and Payment Date occurring in the month immediately following the end of such Collection Period.

Related Payment Date means, with respect to any Determination Date, the Payment Date next succeeding such Determination Date.

Examples of Related Payment Date in a sentence

The Borrower shall render (or cause to be rendered) an accounting (each, a “Payment Date Report”), determined as of the close of business on each Determination Date preceding a Payment Date (such Determination Date, a “Payment Date Report Determination Date”), and shall deliver such Payment Date Report to the Agents, the Servicer and each Lender not later than the second Business Day preceding the related Payment Date.
If, as of the last day of any Collection Period, the aggregate Securitization Value of the 2026-A Series Assets is less than or equal to 10% of the initial aggregate Securitization Value of the 2026-A Series Assets as of the Cutoff Date, the Servicer shall have the option to purchase (and/or to designate one or more other parties to purchase) the 2026-A Series Certificate from the Issuing Entity on the related Payment Date (“Optional Purchase”).
If the Monthly Remittance Condition is satisfied, the Servicer shall be permitted to deposit into the Collection Account by noon, New York City time, on the Business Day prior to the related Payment Date only the net amount distributable to Persons other than the Servicer and its Affiliates on such Payment Date.
Notwithstanding the foregoing, the Servicer may remit Collections to the Collection Account on any other alternate remittance schedule (but not later than the Business Day prior to the related Payment Date) if the Rating Agency Condition is satisfied with respect to such alternate remittance schedule.
If the Servicer (or its designee) exercises the Optional Purchase, the Notes shall be redeemed and in each case in whole but not in part on the related Payment Date for the Redemption Price.
All payments of principal and interest on the Loans and fees with respect to the Loans shall be paid by each Borrower to the Lenders reflected in the Register maintained by the Administrative Agent as of the related Record Date, based on their respective, Pro Rata Shares, by wire transfer of immediately available funds for receipt prior to 11:00 a.m. (New York City time) on the related Payment Date.
If the Servicer exercises the Optional Purchase, the Servicer (and/or its designee) shall deposit, subject to Section 8.04 of the Servicing Agreement, the Optional Purchase Price into the 2026-A Series Collection Account on the Deposit Date relating to the related Payment Date.

More Definitions of Related Payment Date

Related Payment Date means, with respect to monthly distributions to the Holders, the Loan Payment Date immediately preceding the date of distribution.

Related Payment Date with respect to any Allocation Date occurring in (i) November, December or January, the Payment Date occurring in the immediately following March, (ii) February March or April, the Payment Date occurring in the immediately following June, (iii) May, June or July, the Payment Date occurring in the immediately following September, (iv) and August, September or October, the Payment Date occurring in the immediately following December. “Required Interest Reserve Account Amount” shall mean, as of any Payment Date, the excess, if any, of (a) the Required Interest Reserve Amount as of such Payment Date over (b) the aggregate available amount of each Interest Reserve Letter of Credit. “Required Interest Reserve Amount” shall mean, as of any Payment Date, an amount equal to the amount of interest on the Notes due and payable on such Payment Date in respect of the related Interest Accrual Period with respect to such Payment Date. “Reserve Accounts” shall mean the securities accounts established by the Co- Issuers for the purpose of holding funds in the Reserves and maintained with the Indenture Trustee in the name of the Co-Issuers subject to the lien of the Indenture Trustee for the benefit of the Secured Parties including: (a) the Cash Trap Reserve Account, (b) the Debt Service Account and (c) the Interest Reserve Account and (d) the Escrow Account. “Reserves” shall mean the reserve funds held by or on behalf of the Indenture Trustee pursuant to this Base Indenture or the other Transaction Documents, including the funds held in the Reserve Accounts. “Responsible Officer” shall mean, when used with respect to the Indenture Trustee, any officer within the corporate trust department of the Indenture Trustee, including any Vice President, Assistant Vice President or Assistant Treasurer of the Corporate Trust Office, or any trust officer, or any officer customarily performing functions similar to those performed by the person who at the time will be such officers, in each case having direct responsibility for the administration of this Base Indenture, and also any officer to whom any corporate trust matter is referred because of his knowledge of and familiarity with a particular subject and, when used with respect to an Obligor, shall mean an Executive Officer of the Co-Issuers. “Rule 144A” shall mean Rule 144A promulgated under the Securities Act and any successor provision thereto. “Rule 144A Information” shall mean the information required to be delivered pursuant t...