Relevant Distribution Date definition

Relevant Distribution Date means with respect to (a) any Significant Obligor with respect to the Trust, the Distribution Date, and (b) any “significant obligor” (within the meaning of Item 1101(k) of Regulation AB) with respect to an Other Securitization holding a Serviced Companion Loan, the “Distribution Date” (or analogous concept) under the related Other Pooling and Servicing Agreement.
Relevant Distribution Date means with respect to anysignificant obligor” (within the meaning of Item 1101(k) of Regulation AB) with respect to a Companion Loan Securitization holding a Companion Loan, the “Distribution Date” (or analogous concept) under the related Companion Loan Pooling and Servicing Agreement.

Examples of Relevant Distribution Date in a sentence

On each Distribution Date, the "CURRENT SELLER SHARE" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or the related Interim Calculation Period, as applicable, and will be an amount equal to: The aggregate amount of the Trust Property as at the Relevant Distribution Date - Current Funding Share where "Current Funding Share" has the meaning given in Clause 8.4(a) above.

On each Distribution Date, the "Current Seller Share" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or the related Interim Calculation Period, as applicable, and will be an amount equal to: The aggregate amount of the Trust Property as at the Relevant Distribution Date - Current Funding Share where "Current Funding Share" has the meaning given in Clause 8.4(a) above.

The Receivables Trustee Account Bank shall meet its own costs in effecting such transfer but the Receivables Trustee shall meet any other costs in respect thereof, which costs shall be payable on the Relevant Distribution Date by utilising trust property from the Receivables Trust for such purpose in accordance with the priorities of payments set out in the Receivables Trust Deed and Servicing Agreement and any Supplement.

In relation to any Qualifying Distribution, DBFM Co must pay or allow the Distribution Surplus to the Authority in accordance with Clause 36.8 or pay the Distrubtion Surplus as a single payment on the Relevant Distribution Date to such other party as the Authority may (in its absolute discretion) have nominated to DBFM Co in writing prior to the Relevant Distribution Date.

The Seller shall deposit the Indemnity Amount in the Certificate Account no later than the Relevant Distribution Date.