Remittance Notice definition

Remittance Notice means a notice provided by a Co-Owner to the Servicer specifying each remittance which the Servicer is obligated to make to the Co-Owner in respect of its Ownership Interest.

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Remittance Notice a Remittance Notice under the Related Series Purchase Agreement;

Remittance Notice shall have the meaning specified in Section 6.5(1). “Removal Date” shall have the meaning specified in Section 2.7(1). “Removal Notice” shall have the meaning specified in Section 2.7(2)(a).

Examples of Remittance Notice in a sentence

• The related Series Purchase Agreement will specify the day or days on which the Remittance Notice will be in effect for the purposes of Sections 6.7(2)(b) and 6.4(3)(b)(ii) and the circumstances, if any, in which such Remittance Notice may be amended or supplemented.

• The Servicer shall notify and direct the Custodian to make such withdrawals from the Collection Account in respect of a Series on each day that the Remittance Notice for the Series indicates that a remittance is to be made and otherwise to the extent required or permitted hereunder or pursuant to the related Series Purchase Agreement.

• The Remittance Notice shall also specify the day upon which each such amount is to be remitted or such earlier date as will ensure with reasonable certainty the deposit of such amounts into the Accumulations Account or other Series Account for the related Series in order to make the required remittances in respect of the Series on the day.

• In addition, upon the occurrence and during the continuance of a Default or Event of Default, the Agent may deliver a Remittance Notice to each Fund and the Transfer Agent for each Fund.

• Delivery by the Investor Agent to the Supplier of a Proposal and/or a Remittance Notice, as the case may be, by e-mail or facsimile shall be deemed to constitute Acceptable Means.

More Definitions of Remittance Notice

Remittance Notice means a notification by the Investor Agent to the Supplier of payment of the Purchase Price of Designated Receivables on the terms set forth therein and otherwise in accordance with the terms hereof, in each case including the following information: invoice date, invoice number, Maturity Date, Currency, Face Amount, and Purchase Date.

Remittance Notice is defined in the Payment Direction in respect of the Omnibus Account. “Reporting Date” is defined in Section 3.1(a). “Required Purchasers” means, at any time, Purchasers whose aggregate Investments at such time aggregate to more than 50.00% of the Purchasers’ Pool Investment at such time; provided, however, that if at such time any Purchaser is a Defaulting Purchaser, the Investments of such Defaulting Purchaser shall be disregarded for purposes of determining the Required Purchasers unless such Defaulting Purchaser is the sole Purchaser. A-33 SK 28677 0004 8494650 v1726

Remittance Notice means a notice from the Agent to a Fund and the Transfer Agent for such Fund substantially in the form of Annex A to the Irrevocable Payment Instruction.

Remittance Notice is defined in the Payment Direction in respect of the Omnibus Account.

Remittance Notice shall have the meaning specified in Section 6.5(1).

Remittance Notice has the meaning ascribed thereto in the Pooling and Servicing Agreement;

Remittance Notice is defined in the Payment Direction in respect of the Omnibus Account. “Reporting Date” is defined in Section 3.1(a). “Required Purchasers” means, at any time, Purchasers whose aggregate Investments at such time aggregate to more than 50.00% of the Purchasers’ Pool Investment at such time; provided, however, that if at such time any Purchaser is a Defaulting Purchaser, the Investments of such Defaulting Purchaser shall be disregarded for purposes of determining the Required Purchasers unless such Defaulting Purchaser is the sole Purchaser. “Required Reserves” means the sum of (i) the Loss Reserve, (ii) the Yield and Fee Reserve, and (iii) the Conditional Service Guaranty Reserve. “Reserve Account” means the segregated account of the Seller (Account No. 910-0956, ABA No. ▇▇▇▇▇▇▇▇▇) maintained at The Bank of New York Mellon. “Response Date” is defined in Section 3.5. “Responsible Officer” shall mean in respect of an ADT Entity or the Servicer any executive officer, assistant treasurer, treasurer, or controller of such ADT Entity, and any other officer of such ADT Entity or the Servicer, as the case may be, responsible for the administration of this Agreement. “Retained Interest” means a material net economic interest of not less than five percent (5%) of the then current aggregate Purchasers’ Pool Investment, which takes the form of the first loss tranche in accordance with Article 6(3)(d) of the Securitization Regulation represented by ADT’s direct or indirect equity interest in the Seller. “RPA Deferred Purchase Price” is defined in Section 1.1. A-33 SK 28677 0004 8494650 v1217