Remittance Date definition

Remittance Date. With respect to each Distribution Date, the 18th day (or if such 18th day is not a Business Day, the first Business Day immediately following) of the month in which such Distribution Date occurs.
Remittance Date. The 18th day (or if such 18th day is not a Business Day, the first Business Day immediately following, except with respect to those Mortgage Loans subject to a Securitization Transaction in which case such date shall be the Business Day immediately preceding the 18th day) of any month.
Remittance Date. As defined in each of the Servicing Agreements.

Examples of Remittance Date in a sentence

  • To the extent that the Mortgage Loan Borrowers pay any Servicing Fees pursuant to the Mortgage Loan Agreement or any modification or amendment thereof, such fees shall be applied to the payment of the Servicing Fee or the Special Servicing Fee, Workout Fee and Liquidation Fee, as applicable and the amounts paid on account of interest to the Holders above for the applicable Remittance Date shall be adjusted accordingly.

  • In addition, the Lead Securitization Servicing Agreement shall require that distributions to the Non-Lead Securitization Note Holders shall occur no later than the Master Servicer Non-Lead Securitization Note Remittance Date.


More Definitions of Remittance Date

Remittance Date. As to any Distribution Date, by 2:00 p.m. Eastern time on the Business Day immediately preceding such Distribution Date.
Remittance Date. The 18th day of any month or, if such 18th day is not a Business Day, the first Business Day immediately following such 18th day.
Remittance Date. The date specified in the Interim Servicing Agreement (with respect to each Mortgage Loan, as specified therein).
Remittance Date shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.
Remittance Date. With respect to any Distribution Date, the second Business Day immediately preceding such Distribution Date.
Remittance Date means the 15th day of each month, or if such day is not a Business Day, the next succeeding Business Day.
Remittance Date. With respect to each Mortgage Loan: the eighteenth (18th) day of any month, beginning with the eighteenth (18th) day of the month next following the month in which the related Cut-off Date occurs, or if such eighteenth (18th) day is not a Business Day, the first Business Day immediately following such day.