Common use of Calculations; Distribution of Payments; Delivery of Notices Clause in Contracts

Calculations; Distribution of Payments; Delivery of Notices. The Swap Contract Administrator hereby agrees to make payments based on the information provided by the Trustee and the Counterparty, and the Swap Contract Administrator shall, absent manifest error, be entitled to rely on information provided by the Trustee and the Counterparty. On the Business Day of receipt of any payment from the Counterparty, the Swap Contract Administrator shall withdraw the amount of such payment from the Swap Administration Account and distribute such amounts sequentially, as follows:

Appears in 30 contracts

Samples: Swap Contract Administration Agreement (CWABS Asset-Backed Certificates Trust 2007-12), Swap Contract Administration Agreement (CWABS Asset-Backed Certificates Trust 2006-Bc3), Swap Contract Administration Agreement (CWABS Asset-Backed Certificates Trust 2007-Bc2)

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Calculations; Distribution of Payments; Delivery of Notices. The Swap Contract Administrator hereby agrees to make payments based on the information provided by the Trustee and the Counterparty, and the Swap Contract Administrator shall, absent manifest error, be entitled to rely on information provided by the Trustee and the Counterparty. On the Business Day of receipt of any payment from the CounterpartyCounterparty or the Guarantor, the Swap Contract Administrator shall withdraw the amount of such payment from the Swap Administration Account and distribute such amounts sequentially, as follows:

Appears in 27 contracts

Samples: Swap Contract Administration Agreement (CWABS Asset-Backed Certificates Trust 2006-Bc2), Swap Contract Administration Agreement (CWABS Asset-Backed Certificates Trust 2007-6), Swap Contract Administration Agreement (CWABS Asset-Backed Certificates Trust 2007-10)

Calculations; Distribution of Payments; Delivery of Notices. The Swap Contract Administrator hereby agrees to make payments with respect to each Swap Contract based on the information provided by the Trustee and the related Counterparty, and the Swap Contract Administrator shall, absent manifest error, be entitled to rely on information provided by the Trustee and the Counterparty. On the Business Day of receipt of any payment from the Counterparty, the Swap Contract Administrator shall withdraw the amount of such payment from the Swap Administration Account and distribute such amounts sequentially, as follows:.

Appears in 2 contracts

Samples: Swap Contract Administration Agreement (Alternative Loan Trust 2007-Oh2), Swap Contract Administration Agreement (Alternative Loan Trust 2007-Oh3)

Calculations; Distribution of Payments; Delivery of Notices. The Swap Contract Administrator hereby agrees to make payments based on the information provided by the Indenture Trustee and the Counterparty, and the Swap Contract Administrator shall, absent manifest error, be entitled to rely on information provided by the Indenture Trustee and the Counterparty. On the Business Day of receipt of any payment from the Counterparty, the Swap Contract Administrator shall withdraw the amount of such payment from the Swap Administration Account and distribute such amounts sequentially, as follows:

Appears in 1 contract

Samples: Swap Contract Administration Agreement (GSC Capital Corp. Mortgage Trust 2006-2)

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Calculations; Distribution of Payments; Delivery of Notices. The Swap Contract Administrator hereby agrees to make payments based on the information provided by the Indenture Trustee and the Counterparty, and the Swap Contract Administrator shall, absent manifest error, be entitled to rely on information provided by the Indenture Trustee and the Counterparty. On the Business Day of receipt of any payment from the CounterpartyCounterparty or the Guarantor, the Swap Contract Administrator shall withdraw the amount of such payment from the Swap Administration Account and distribute such amounts sequentially, as follows:

Appears in 1 contract

Samples: Master Agreement (GSC Capital Corp. Mortgage Trust 2006-1)

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