Servicer Remittance Date definition
Servicer Remittance Date. With respect to any Distribution Date, the 18th day of the calendar month in which such Distribution Date occurs or, if such 18th day is not a Business Day, the Business Day immediately following.
Servicer Remittance Date. With respect to any Distribution Date, the Business Day prior to such Distribution Date.
Servicer Remittance Date. The day in each calendar month on which each Servicer is required to remit payments to the Collection Account, as specified in the related Servicing Agreement, which is the 18th day of each calendar month (or, if such 18th day is not a Business Day, the next succeeding Business Day).
Examples of Servicer Remittance Date in a sentence
All Income (other than Servicer Income) in respect of the Purchased Assets shall be deposited directly into the Servicer Account within two (2) Business Days of receipt thereof and transferred by the Servicer to the Repo Collection Account on the Servicer Remittance Date.
More Definitions of Servicer Remittance Date
Servicer Remittance Date. With respect to any Distribution Date, 4:00 p.m. New York time on the Business Day preceding such Distribution Date.
Servicer Remittance Date. With respect to each Mortgage Loan, the date set forth in the related Servicing Agreement.
Servicer Remittance Date. With respect to any Mortgage Loan and Distribution Date, the second Business Day prior to that Distribution Date.
Servicer Remittance Date. With respect to any Distribution Date, the later of two Business Days after the 15th day of the month in which such Distribution Date occurs and the 18th day (or if such day is not a Business Day, the next preceding Business Day) of the month in which such Distribution Date occurs.
Servicer Remittance Date. With respect to each Mortgage Loan, the 18th day of each month, or if such 18th day is not a Business Day, the preceding Business Day.
Servicer Remittance Date. The third Business Day prior to each Distribution Date.
Servicer Remittance Date. The “Remittance Date” defined in the Servicing Agreement.