Substitution Date definition

Substitution Date has the meaning specified in Paragraph 4(d)(ii).

Substitution Date has the meaning set forth in Section 1.03.

Substitution Date shall have the meaning provided in Section 2.3.5(a).

Examples of Substitution Date in a sentence

• The Company must give a written notice of substitution to the holders of the Preference Shares, not less than 30 days nor more than 60 days prior to the Substitution Date.

• If a Substitution Event occurs, the Portfolio will not be rebalanced on the relevant Substitution Date.

• As a result, until the Portfolio is rebalanced on the next Dividend Yield Calculation Date following the Substitution Date, the Replacement Underlying Security may not be assigned the Portfolio Weight that it would have been assigned had the Portfolio been rebalanced on the Substitution Date.

• The notice shall be in the form of an Officer's Certificate and shall specify the reason(s) for the proposed substitution and the proposed Substitution Date.

• After giving effect to such Substitution, as of the Substitution Date the LTV Ratio for all of the Properties then remaining subject to the Liens of the Security Instrument (i.e. including the Substitute Property and excluding the Replaced Property), shall not be less than 79.8%.

More Definitions of Substitution Date

Substitution Date. With respect to a Substitute Receivable, the date on which the Seller or the Depositor, as applicable, delivers the related First Step Receivables Assignment or Second Step Receivables Assignment, respectively, to the Depositor or the Issuing Entity, respectively.

Substitution Date means the Exchange Day on which the Calculation Agent determines that a Substitution Event has occurred, provided that the Substitution Date may be a later date if any event or circumstance impedes the making of any necessary changes to the Portfolio.

Substitution Date means (A) the Local Business Day on which the Secured Party receives the Substitute Credit Support, if notice of substitution is received by the Notification Time on such date, and (B) the Local Business Day following the date on which the Secured Party receives the Substitute Credit Support, if notice of substitution is received after the Notification Time.

Substitution Date means the Local Business Day in New York on which the Secured Party is able to confirm irrevocable receipt of the Substitute Credit Support, provided that (x) such receipt is confirmed before 3:00 p.m. (New York time) on such Local Business Day in New York and (y) the Secured Party has received, before 1:00 p.m. (New York time) on the immediately preceding Local Business Day in New York, the notice of substitution described in Paragraph 4(d)(i).

Substitution Date. Any date on which the Seller transfers a Substitute Loan to the Buyer.

Substitution Date means, with respect to a Substitute Reference Obligation, the date on which the Calculation Agent notifies the Issuer of the Substitute Reference Obligation that it has identified in accordance with the definition of Substitute Reference Obligation above.

Substitution Date has the meaning specified in Section 2.17(c).