Common use of Business Day Certificate Clause in Contracts

Business Day Certificate. On the date hereof and thereafter, within fifteen (15) days prior to the end of each calendar year while this Agreement remains in effect (with respect to the succeeding calendar years), (i) the Servicer shall provide to the Indenture Trustee, the Collateral Agent and the Note Purchaser a certificate of a Responsible Officer specifying the days on which banking institutions in the Commonwealth of Pennsylvania are authorized or obligated by law, executive order or governmental decree to be closed, (ii) the Indenture Trustee shall provide to the Servicer, the Collateral Agent and the Note Purchaser a certificate of a Responsible Officer specifying the days on which banking institutions in the State of New York are authorized or obligated by law, executive order or governmental decree to be closed and (iii) the Servicer shall cause the Owner Trustee to provide to the Indenture Trustee, the Collateral Agent and the Note Purchaser a certificate of a Responsible Officer specifying the days on which banking institutions in the State of Delaware are authorized or obligated by law, executive order or governmental decree to be closed.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (American Business Financial Services Inc /De/), Sale and Servicing Agreement (American Business Financial Services Inc /De/), Sale and Servicing Agreement (American Business Financial Services Inc /De/)

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