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. As defined in each of the Servicing Agreements.
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.

Examples of Remittance Date in a sentence

  • On each Remittance Date, Seller (or its servicer) shall deliver to the Purchaser, or its designee, an excel file containing the data fields listed in Exhibit “C” hereto, or such other information as mutually agreed upon.

  • Any payments received by Seller after the Purchase Date shall be held by the Seller for the benefit of Purchaser and shall be endorsed/remitted over to the Purchaser on each Remittance Date.

  • Seller shall pay to Buyer an amount (the “Package and Funding Fee”) equal to Two Hundred Fifty Dollars ($250) plus Buyer’s standard wire transfer and shipping fees, as applicable, for each Purchased Mortgage Loan on the next Remittance Date following the applicable Purchase Date.

  • As consideration for servicing the Loans and the Collateral, on each Servicer Remittance Date, the Servicer shall be paid such monthly servicing fees as are set forth on the Fee Schedule (the “Servicing Fee”).

  • In the event the Servicer is reimbursed for any expense that is not, or cannot be documented as, a Servicer Advance, in the reasonable determination of the Company, the Servicer shall be obligated to refund such amounts to the Company on the Servicer Remittance Date immediately following the Servicer’s receipt of notice from the Company requesting the same.


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 date specified in the Interim Servicing Agreement (with respect to each Mortgage Loan, as specified therein).
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 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. The 18th day of each month (or, if such 18th day is not a Business Day, the following Business Day)."
Remittance Date. The day in each month on which each Servicer is required to remit payments to the account maintained by the Master Servicer, as specified in the related Servicing Agreement, which is the 18th day of each month (or if such 18th day is not a Business Day, the next succeeding Business Day).