Cycle Month definition
Cycle Month means, initially the period from and after the Cut-Off Date to the end of the first Cycle Month in effect on the Issuance Date, and, thereafter, the period from and after the last day of the preceding Cycle Month to and including the day on which the final billing cycle of the Servicer opening after the last day of the preceding Cycle Month has closed (regardless of the calendar month in which any billing cycle contained in such Cycle Month opens or closes); provided, however, that for any Account, each Cycle Month will include only activity occurring in such Account during the billing cycle for such
Examples of Cycle Month in a sentence
The Seller's obligation to sell the Receivables under this Agreement shall terminate on the earlier to occur of (i) the satisfaction and discharge of the Indenture pursuant to Section 12.01 thereof (notwithstanding the survival of certain obligations as set forth in such Section 12.01, (ii) an Early Amortization Event or (iii) the first day of the August 1999 Cycle Month (the "Purchase Termination Date").