Examples of Monthly Determination Date in a sentence
AFC Payment Date: Monthly Determination Date: AFCCollections Ledger:The day falling two Business Days prior to each Note Payment Date.
The consequence of this breach is that the Originator must, within 14 calendar days either make Set-Off Advances or apply Set-Off Discounts such that the Set-Off Reserve Test is met and to ensure it continues to be met on each subsequent Monthly Determination Date.
However, the final public offering price and the exercise price of the warrants will be a negotiated price and the final number of units being offered hereby will be based on such negotiated offering price.
On each Monthly Determination Date (including a Monthly Determination Date which is also a Quarterly Determination Date), the Manager will calculate the amount, if any, by which the Total Available Funds for the Monthly Collection Period ending immediately prior to that Monthly Determination Date exceeds the Total Payments for that same Monthly Collection Period.
On each Monthly Determination Date the Manager shall determine an amount, not exceeding 2% of the Invested Amount of the Notes, which it reasonably anticipates will be required in the Monthly Collection Period following that in which that Monthly Determination Date occurs to fund further Redraws under Purchased Loans in addition to any prepayments of principal that it anticipates will be received from Borrowers during that Monthly Collection Period.