Remittance Period definition

Remittance Period means, (a) as to the initial Payment Date, the period beginning on, and including, the Closing Date and ending on, and including, the Determination Date immediately preceding such Payment Date and (b) as to any subsequent Payment Date, the period beginning, and including, on the first day after the most recently ended Remittance Period and ending on, and including, the Determination Date immediately preceding such Payment Date, or, with respect to the final Remittance Period, the Collection Date.

Remittance Period means, with respect to any True-Up Adjustment, the period comprised of 6 consecutive Collection Periods beginning with the Collection Period three months prior to when such True-Up Adjustment would go into effect, from the Closing Date to the first Scheduled Payment Date, and for each subsequent period between Scheduled Payment Dates.

Remittance Period. The period (inclusive) beginning on the first day of the calendar month immediately preceding the month in which a Remittance Date occurs and ending on the last day of such immediately preceding calendar month.

Examples of Remittance Period in a sentence

• For the avoidance of doubt, amounts received during a Remittance Period shall continue to be treated as having been received in such period, notwithstanding that the settlement of the currency exchange may occur after the related Determination Date; provided that such settlement occurs no later than the Business Day immediately preceding the related Payment Date.

• If Marketing Representative fails to cure its default within the Remittance Period, upon payment of the refund, Marketing Representative shall have an additional thirty (30) days to cure its default.

• If Marketing Representative cures its default within the Remittance Period, Verizon’s demand for a refund of the Marketing Assistance Fee shall be deemed rescinded.

• The Borrower shall pay, in accordance with Section 2.04, pro rata to each Lender, an unused fee (the "Unused Fee") payable in arrears for each Remittance Period, equal to the sum of the products for each day during such Remittance Period of (a) one divided by three hundred and sixty (360), (b) the applicable Unused Fee Rate and (c) the positive difference, if any, of the Facility Amount less the greater of (i) the Advances Outstanding on such date and (ii) the Minimum Utilization.

• The Administrative Agent shall determine the Yield in respect of all Advances and the I/O Notional Loan (including unpaid Yield related thereto, if any, due and payable on a prior Payment Date) to be paid by the Borrower on each Payment Date for the related Remittance Period and shall advise the Servicer thereof on or prior to the third (3rd) Business Day prior to such Payment Date.

More Definitions of Remittance Period

Remittance Period. For any Distribution Date, the period commencing on the second day of the month preceding the month in which the Distribution Date occurs and ending on the first day of the month in which the Distribution Date occurs.

Remittance Period. With respect to each Monthly Remittance Date, the calendar month immediately preceding such Monthly Remittance Date.

Remittance Period means the semiannual periods commencing on January 1 and July 1 of each year and ending on June 30 and December 31, respectively, of each year; provided, however, that the initial Remittance Period shall commence on the Closing Date and end on or before the date which is three months after the end of the initial Reconciliation Period.

Remittance Period. The calendar month immediately preceding the month in which a Monthly Remittance Date occurs.

Remittance Period means, (i) as to the Initial Payment Date, the period beginning on the Closing Date and ending on, but excluding, the Determination Date immediately preceding such Payment Date and (ii) as to any subsequent Payment Date, the period beginning on, and including, the Determination Date prior to the immediately preceding Payment Date and ending on, but excluding, the Determination Date immediately preceding such Payment Date, or, with respect to the final Remittance Period, the Collection Date.

Remittance Period. With respect to any Payment Date, the period commencing immediately following the Determination Date for the preceding Payment Date (or, in the case of the initial Payment Date, commencing immediately following the initial Transfer Cut-off Date) and ending on and including the related Determination Date.

Remittance Period. With respect to each Monthly Remittance Date, the period commencing the second day of the calendar month immediately preceding such Monthly Remittance Date and ending the first day of the calendar month in which such Monthly Remittance Date occurs.