Weekly Allocation Date definition

Weekly Allocation Date means the last Business Day of the week following the last day of each Weekly Collection Period or, upon not less than two (2) Business Days’ notice to the Trustee, such other Business Day during such week that has been designated by the Manager and consented to by the Trustee (such consent not to be unreasonably withheld).

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Weekly Allocation Date means the fifth (5th) Business Day following the last day of each Weekly Collection Period, commencing on August 14, 2015.

Weekly Allocation Date means the fifth Business Day following the last day of each Weekly Collection Period commencing on March 23, 2012.

Examples of Weekly Allocation Date in a sentence

• On each Weekly Allocation Date, the Master Issuer (or the Manager on its behalf) shall instruct the Trustee in writing to allocate from the Collection Account all amounts relating to the Series 2025-1 Class A-2 Notes pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments.

• On each Weekly Allocation Date, the Master Issuer shall instruct the Trustee in writing to withdraw on such date an amount equal to the lesser of (i) the sum of all Securitization Operating Expenses then due and payable and (ii) the amount on deposit in the Securitization Operating Expense Account after giving effect to any deposits thereto pursuant to the Priority of Payments on such date and apply such funds to pay any Securitization Operating Expenses then due and payable.

• Whenever the Trustee is instructed to invest funds in any of the Indenture Trust Accounts, including the Standby Investment, the Trustee shall so invest such funds as soon as reasonably practicable after receipt of such instructions, and failure to transfer the Investment Income on the Weekly Allocation Date will not be an Event of Default.

More Definitions of Weekly Allocation Date

Weekly Allocation Date means each Currency Conversion Opt-Out Weekly Allocation Date or a Currency Conversion Weekly Allocation Date, as applicable.

Weekly Allocation Date means, with respect to each Weekly Collection Period, the last Business Day of the calendar week following the calendar week in which the related Weekly Collection Period ends or such earlier Business Day occurring no earlier than the Friday of the calendar week in which the related Weekly Collection Period ends that has been designated as the weekly allocation date by the Manager, in its sole discretion, in the related Weekly Manager’s Certificate delivered by the Manager on or prior to 4:30 p.m. (New York City time) on the Business Day preceding such Weekly Allocation Date or, if such Weekly Allocation Date is earlier than the last Business Day of the calendar week following the calendar week in which the related Weekly Collection Period ends, on or prior to 10:00 a.m. (New York City time) on the second Business Day preceding such Weekly Allocation Date; provided, that, in each case there will be no more than a single Weekly Allocation Date for any calendar week.

Weekly Allocation Date means the fourth Business Day immediately following the last day of each Weekly Collection Period, commencing on April 21, 2022.

Weekly Allocation Date. The meaning specified in Section 10.9.

Weekly Allocation Date. The meaning specified in Section 10.1(b)(iii) of the Base Indenture.

Weekly Allocation Date means the first Business Day of each Weekly Collection Period, on which date the Transaction Manager will make all withdrawals and deposits pursuant to the Base Indenture relating to the applicable Collections in respect of the preceding Weekly Collection Period.

Weekly Allocation Date means each Currency Conversion Opt-Out Weekly Allocation Date or a Currency Conversion Weekly Allocation Date, as applicable. “Weekly Allocation Time” has the meaning specified in Section 5.10(i)(iv) of the Base Indenture. “Weekly Calculation Date” has the meaning specified in Section 5.11(i)(ii) of the Base Indenture. “Weekly Cash Claims Management Profits Amount” means, with respect to each fiscal week of the applicable Securitization Entities, the amount (not less than zero) equal to (a) cash revenues, credit card proceeds and debit card proceeds (excluding applicable Pass-Through Amounts) generated by the operation of the applicable Claims Management Business over such period minus (b) all operating expenses of such applicable Claims Management Business (excluding applicable Excluded Operating Expenses, but in the case of Driven Canada Claims Management, including Excluded Amounts described in clause (ii) or (iii) of the definition thereof and, at the option of Driven Canada Claims Management, any such Excluded Amount required or reasonably expected to be payable at or prior to the immediately following four (4) Quarterly Payment Dates or for which a reserve is maintained on account of quarterly or annual payment of such Excluded Amounts, which, in each case, shall be deemed to be paid when paid or