Monthly Computation Date definition

Monthly Computation Date means the first day of each month commencing on the date specified in the Prospectus under “Summary of Essential Information—Record Dates.”
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Monthly Computation Date means the fifteenth day of each month commencing with the first such day of the month after the First General Record Date.
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Monthly Computation Date of a Trust shall have the meaning assigned to it in Part II of the Reference Trust Agreement relating to such Trust.
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Examples of Monthly Computation Date in a sentence

  • For the purpose of distribution as herein provided, the holders of record on the registration books of the Trustee at the close of business on each Semi-Annual or Monthly Computation Date shall be conclusively entitled to such distribution, and no liability shall attach to the Trustee by reason of payment to any such registered Certificateholder of record.

  • The next computation shall be made as of the First Monthly Computation Date as defined in the Indenture, and thereafter as of the first day of each month of each year.

  • For monthly distributions the share of the balance in the Interest Account to be distributed to or upon the order of a Certificateholder who has elected to receive monthly distributions, after the First Distribution Date, shall be computed as of the Monthly Computation Date commencing with the first such day subsequent to the First Record Date and distribution made as provided herein on or shortly after the Monthly Distribution Date to the Certificateholder of record on the Monthly Computation Date.

  • The fractional undivided interest represented by this Certificate in the cash balance in the Principal Account for the Trust (after the deductions referred to below) shall be computed as of the first day of each month of each year, commencing the first Monthly Computation Date as defined in the Indenture.

Related to Monthly Computation Date

  • Computation Date is defined in Section 2.04.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 4; provided, however, that if a subsequent Valuation Date occurs under Paragraph 2 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 2.

  • Computation Period means each period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter.

  • Determination Date With respect to any Distribution Date, the 15th day of the month of such Distribution Date or, if such 15th day is not a Business Day, the immediately preceding Business Day.