Run Off Day definition

Run Off Day for any Undivided Interest means any of (a) each day which occurs on or after the date designated by the Administrative Agent to Seller to be the "Run Off Commencement Date" during a time when any of the conditions precedent set forth in Section 5.02 are not satisfied, (b) each day which occurs on or after the Termination Date for such Undivided Interest or (c) each day which occurs on or after the Seller shall have given written notice to the Administrative Agent that it no longer wishes to sell Undivided Interests in the Receivables Pool to Purchaser.
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Run Off Day means any of (a) each day which occurs on or after the date designated by the Administrative Agent or the Required Purchasers to Seller to be the "Run Off Commencement Date" during a time when any of the conditions precedent set forth in Section 5.02 are not satisfied, (b) each day which occurs on or after the Termination Date or (c) each day which occurs on or after the Seller shall have given written notice to the Administrative Agent and each Bank Purchaser that it no longer wishes to sell the Undivided Interest in the Receivables Pool pursuant to this Agreement.
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Run Off Day means (i) each day on which the conditions set forth in Section 2 of Exhibit II are not satisfied, (ii) each day which occurs on or after the Termination Date, and (iii) each day as to which the Issuer has indicated to the Seller pursuant to Section 1.1(a) that it will not reinvest in the Purchased Interest hereunder.
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Examples of Run Off Day in a sentence

  • If instructed by the Administrative Agent after the occurrence of a Termination Event or a Run Off Day, Servicer shall segregate and deposit with a bank (which may be BofA) designated by the Administrative Agent such allocable shares of Collections of Pool Receivables set aside for Purchasers within two Business Days following receipt by Servicer of such Collections in immediately available funds.

  • On each Settlement Date, for each day in the related Yield Period that is not a Run Off Day for such Undivided Interest, Servicer shall deposit to the Administrative Agent's Account, the amounts set aside as described in Section 3.01(a)(i) (other than the Commitment Fee); provided that, if there are sufficient funds to pay all of the amounts due on such Settlement Date and Terra Capital has been the Servicer for such Yield Period, Terra Capital may retain the Servicer's Fee.


More Definitions of Run Off Day

Run Off Day. There shall be no Run Off Day for any Undivided Interest after it shall equal zero.
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Related to Run Off Day

  • Spin-Off Date means the date on which the Spin-Off occurs.

  • Notice Cut-off Date means the date specified as such in the Trigger Event Notice, which date shall be at least 20 Business Days following the Conversion Date;

  • Additional Cut-Off Date means, with respect to the Additional Accounts designated hereby, __________, ____.

  • Initial Cut-Off Date With respect to any Initial Mortgage Loan, the later of (i) the date of origination of such Mortgage Loan and (ii) March 1, 2006. Initial Cut-off Date Pool Principal Balance: $517,241,872.77.

  • Addition Cut-Off Date means, with respect to the Additional Accounts designated hereby, .

  • Subsequent Cut-off Date With respect to those Subsequent Mortgage Loans sold to the Trust Fund pursuant to a Subsequent Transfer Instrument, the later of (i) first day of the month in which the related Subsequent Transfer Date occurs or (ii) the date of origination of such Mortgage Loan.

  • Rate Cut-Off Date means the second U.S. Government Securities Business Day prior to a redemption date or the Maturity Date.

  • Removed Account shall have the meaning specified in Section 2.07(c).

  • Eligible In-Transit Inventory means, as of any date of determination thereof, without duplication of other Eligible Inventory, In-Transit Inventory:

  • Additional Account means each New Account and each Aggregate Addition Account.

  • Cut-off Date With respect to each Original Mortgage Loan, December 1, 1998. With respect to all Qualified Substitute Mortgage Loans, their respective dates of substitution. References herein to the "Cut-off Date," when used with respect to more than one Mortgage Loan, shall be to the respective Cut-off Dates for such Mortgage Loans.

  • Removed Accounts shall have the meaning specified in Section 2.10.

  • Cut-off Date Pool Balance The aggregate Cut-off Date Principal Balance of all the Original Mortgage Loans.

  • Current Receivable means each Receivable that is not a Defaulted Receivable or a Liquidated Receivable.

  • Replacement Cut-Off Date With respect to any Qualified Replacement Mortgage, the first day of the calendar month in which such Qualified Replacement Mortgage is conveyed to the Trust.

  • Cut - means an excavation made by a contractor, utility or the City to access an underground structure.

  • Series Cut-Off Date means the date designated as such in the Series Term Sheet.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Mortgage Loan Remittance Rate With respect to each Mortgage Loan, the annual rate of interest remitted to the Purchaser, which shall be equal to the Mortgage Interest Rate minus the Servicing Fee Rate.

  • Manufactured dwelling means a residential trailer, a mobile home or a manufactured

  • Settlement Receivable means any general intangible, payment intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit of a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person.