Remittance Dates definition

Remittance Dates. The "Sixty-Day Delinquency Ratio" for a Remittance Date is the percentage derived from the fraction, the numerator of which is the aggregate of the outstanding principal balances (as of the end of the preceding Due Period) of all Contracts (including Contracts in respect of which the related Manufactured Home has been repossessed but not yet disposed of) as to which a scheduled monthly payment thereon (without giving effect to any adjustments thereto by reason of a bankruptcy or similar proceeding of the Obligor or any extension or modification granted to such Obligor) is delinquent 60 days or more as of the end of the related Due Period and the denominator of which is the Pool Scheduled Principal Balance for such Remittance Date.
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Remittance Dates. [NAP][The twenty-fifth (25th) calendar day of ________, ________, ________ and ________, or the immediately succeeding Business Day of any such calendar day that is not a Business Day.]5 Governing Agreements: As identified on attached Schedule 1 Representations and Warranties: [Exhibit V-A to the Agreement][Exhibit V-B to the Agreement][Attached as Schedule 2]6 Requested Exceptions Report: Attached as Schedule 3 Requested Wire Amount: [$][€][£]__________
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Examples of Remittance Dates in a sentence

  • Unless otherwise specified herein, any provisions of the Master Servicing Agreement, including definitions, relating to (i) representations and warranties of the Owner and (ii) Whole-Loan Transfers, Pass-Through Transfers, Acknowledgement Agreements, Closing Dates, Cut-off Dates and First Remittance Dates shall be disregarded.

  • Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date to which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid on or before their Remittance Dates.

  • Unless otherwise specified herein, any provisions of the Sale and Servicing Agreement, including definitions, relating to Whole-Loan Transfers, Pass-Through Transfers, Closing Dates, Cut-off Dates and First Remittance Dates shall be disregarded.

  • Reinsurance on policies on which reinsurance premiums subsequently fall due will automatically terminate as of the last date for which premiums have been paid for each policy, unless reinsurance premiums on those policies are paid before their Remittance Dates.

  • Unless otherwise specified herein, any provisions of the Master Servicing Agreement, including definitions, relating to (i) representations and warranties of the Owner and (ii) Whole-Loan Transfers, Pass-Through Transfers, Acknowledgement Agreements, Closing Dates, Cut-off Dates, First Remittance Dates, Reconstitution Agreements and Reconstitution Dates shall be disregarded.

  • The Servicer shall be permitted to reimburse itself on any Business Day for any Delinquency Advances paid from the Servicer's own funds, from collections on any Home Equity Loans that are not required to be distributed on the Payment Date occurring during the month in which such reimbursement is made (all or any portion of such amount to be replaced on future Monthly Remittance Dates to the extent required for distribution) or as provided in Section 7.03(d)(viii).

  • The Servicer shall be permitted to reimburse itself on any Business Day for any Delinquency Advances paid from the Servicer's own funds, from collections on any Home Equity Loans that are not required to be distributed on the Payment Date occurring during the month in which such reimbursement is made (all or any portion of such amount to be replaced on future Monthly Remittance Dates to the extent required for distribution) or as provided in Section 3.03(b)(iii)(C).

  • The Master Servicer shall deposit into the Master Servicer Collection Account no later than the Distribution Account Deposit Date, the excess of Compensating Interest Payments required to be paid by the Servicers over amounts actually paid by such Servicers on their respective Servicer Remittance Dates, in an amount not to exceed the aggregate Master Servicing Fee payable in respect of such Distribution Date.

  • Notwithstanding the foregoing, the aggregate amounts distributed on all Remittance Dates to the Holders of the Class A-1 Certificates, the Holders of the Class A-2 Certificates, the Holders of the Class A-3 Certificates, the Holders of the Class A-4 Certificates on account of principal shall not exceed the Original Class A-1 Principal Balance, Original Class A-2 Principal Balance, Original Class A-3 Principal Balance or Original Class A-4 Principal Balance, as applicable.

  • Pursuant to Section 3.01(b) of the Servicing Agreement, the Servicer does hereby certify as follows: Collection Period: Remittance Dates: Total a.