Common use of Administrator's Certificate Clause in Contracts

Administrator's Certificate. (a) On each Determination Date, the Administrator will advise the Indenture Trustee in writing of the applicable Noteholders' Interest Distribution Amount or Certificateholders' Interest Distribution Amount. Additionally, no later than 16 days prior to each Note Distribution Date for the Class of Notes then entitled to receive payments of principal (or, after all Notes have been paid in full, no later than 16 days prior to each Certificate Distribution Date) the Administrator will advise the Indenture Trustee in writing of the applicable Noteholders' Principal Distribution Amount (or, after all the Notes have been paid in full, for the Class of Certificates with the earliest Final Maturity Date, the Certificateholders' Principal Distribution Amount). Further, on the Determination Date relating to the first Certificate Distribution Date occurring each month (or for each month in which a Note Distribution Date occurs earlier than the Certificate Distribution Date, on the Determination Date relating to such earlier Note Distribution Date), the Administrator will advise the Indenture Trustee in writing of Transaction Fees (separately and in the aggregate) for the preceding month.

Appears in 4 contracts

Samples: Third Supplemental Sale and Servicing Agreement (Classnotes Trust 1995-1 Asset Backed Ser 1996-2), Sale and Servicing Agreement (Classnotes Inc), Sale and Servicing Agreement (Classnotes Inc)

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Administrator's Certificate. (a) On each --------------------------- Determination Date, the Administrator will advise the Indenture Trustee in writing of the applicable Noteholders' Interest Distribution Amount or Certificateholders' Interest Distribution Amount. Additionally, no later than 16 days prior to each Note Distribution Date for the Class of Notes then entitled to receive payments of principal (or, after all Notes have been paid in full, no later than 16 days prior to each Certificate Distribution Date) the Administrator will advise the Indenture Trustee in writing of the applicable Noteholders' Principal Distribution Amount (or, after all the Notes have been paid in full, for the Class of Certificates with the earliest Final Maturity Date, the Certificateholders' Principal Distribution Amount). Further, on the Determination Date relating to the first Certificate Distribution Date occurring each month (or for each month in which a Note Distribution Date occurs earlier than the Certificate Distribution Date, on the Determination Date relating to such earlier Note Distribution Date), the Administrator will advise the Indenture Trustee in writing of Transaction Fees (separately and in the aggregate) for the preceding month.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Transworld Insurance Co)

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