Examples of Initial Cut-Off Date in a sentence
On the Closing Date, the Issuer has made available to the Seller an Initial Issuer Advance in respect of each Purchased Vehicle together with the associated Lease Receivables forming part of the Initial Portfolio, each for an amount equal to the Present Value of the aggregate Purchase Price payable in respect of the Purchased Vehicle as calculated as at the Initial Cut-Off Date.
The statistical distribution of the characteristics of the portfolio of Purchased Receivables as of the Initial Cut-Off Date are illustrated in the tables below.
The composition, distribution by remaining term, distribution by contract rate and geographic distribution, in each case of the Purchased Receivables as of the Initial Cut-Off Date, are set forth in the tables below.
THE PURCHASED RECEIVABLES POOL The characteristics set forth in this section are based on the portfolio of Purchased Receivables as of the Initial Cut-Off Date.
The Receivables existing in the Initial Accounts at the close of business on the Initial Cut-Off Date and thereafter arising in the Initial Accounts on or prior to the Closing Date, and the related Purchased Assets, shall be sold by Capital One and purchased by Funding on the Closing Date.