Trust Calculation Date definition

Trust Calculation Date means the date which is two (2) Business Days prior to each Second Trust Payment Date. The first Trust Calculation Date will be March 24, 2022.
View Source
Trust Calculation Date means (i) the second (2nd) Business Day after the Regular Collection Calculation Date corresponding to the fifteenth (15th) day of each month (or the immediately following Business Day if such date is not a Business Day) relating to such Collection Calculation Date, or (ii) the fourth (4th) Business Day after the Regular Collection Calculation Date corresponding to the last day of each month (or the immediately following Business Day if such date is not a Business Day) relating to such Collection Calculation Date.
View Source
Trust Calculation Date means the day falling one Business Day prior to each Distribution Date.
View Source

Examples of Trust Calculation Date in a sentence

  • The aggregate amount of the withdrawal on each Distribution Date shall equal the Mortgages Trustee Available Revenue Receipts (as calculated on the immediately preceding Trust Calculation Date in respect of the immediately preceding Trust Calculation Period).

  • The Trust Property Cash Manager shall ensure that the Issuer Share and the Issuer Share Percentage of the Trust Property, the Seller Share and the Seller Share Percentage of the Trust Property and the Basis Rate Swap Shortfall Amount are recorded in the Issuer Share/Seller Share Ledger on the Closing Date and thereafter on each Trust Calculation Date.

  • Said designation and appointment shall be irrevocable by the Borrower until all Loans, all reimbursement obligations, interest thereon and all other amounts payable by the Borrower hereunder and under the other Loan Documents shall have been paid in full in accordance with the provisions hereof and thereof.

  • On each Trust Calculation Date and on each Interim Trust Calculation Date, the Seller Share Percentage will be recalculated as the amount calculated to the accuracy of five decimal places equal to 100% minus the aggregate of the Funding 1 Share Percentage and each Further Funding Company Share Percentage, each as calculated on the relevant Trust Calculation Date or, as the case may be, the relevant Interim Trust Calculation Date.

  • On any Trust Calculation Date in respect of which a Sale Date or a Further Contribution Date has occurred during the immediately preceding Trust Calculation Period, the Cash Manager will calculate (for the sole purpose of making the distributions to be made on the immediately succeeding Distribution Date) the weighted average of the Seller Share Percentages that were calculated previously in respect of each Interim Trust Calculation Period occurring in that immediately preceding Trust Calculation Period.

  • The Trust Property Cash Manager shall also calculate and record the Issuer Revenue Share and the Seller Revenue Share on the Issuer Share/Seller Share Ledger on each Trust Calculation Date or on such date as the Mortgages Trust terminates.

  • References in this Deed to the Issuer Share shall mean, up to and including the first Trust Calculation Date, the Initial Issuer Share and thereafter shall mean the Current Issuer Share (as defined below).

  • The Seller undertakes to each party hereto that it will ensure that the Seller Share is, at all times, at least equal to the Minimum Seller Share as at the most recent Trust Calculation Date.

  • For the purposes of making the distributions of Principal Receipts pursuant to Clauses 14.2 to 14.4, the Funding 1 Share, each further Funding Company Share and the Seller Share shall be determined on the Relevant Trust Calculation Date falling in the immediately preceding Trust Calculation Period (or, in the case of the first Distribution Date, as of the Initial Closing Date).

  • At all times the Funding 1 Share Percentage, each Further Funding Company Share Percentage (if applicable) and the Seller Share Percentage shall (in aggregate) be equal to 100% of the Aggregate Principal Balance of the Loans comprising the Trust Property as calculated on the most recent Trust Calculation Date or (if applicable) Interim Trust Calculation Date.

Related to Trust Calculation Date

  • The calculation date means the first day on which purchasers of ordinary shares of the Company shall not be granted the rights to subscribe for such new securities which confer the right to convert/exchange into the ordinary shares or the right to purchase the ordinary shares in case of a rights offering and/or the first day of the offering of securities which confer the right to convert/exchange into the ordinary shares or the right to purchase of the ordinary shares in case of a public offering or a private placement (as the case may be).

  • Rate Calculation Date means the day which is two Rate Calculation Business Days before the due date of the relevant amount under these Conditions;

  • FX Calculation Date means each day on which FX is published by the Fixing Sponsor. "FX Call Event" means each of the following events:

  • 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.

  • RMB Rate Calculation Date means the day which is two RMB Rate Calculation Business Days before the due date for payment of the relevant Renminbi amount under the Conditions.