Estimation. 15.1 In the event that the Servicer has not provided any Servicer Report due during a Collection Period (the Determination Period), then the Cash Manager shall be required to estimate the amount of Principal Receipts and Revenue Receipts for such Determination Period based on the Servicer Reports in respect of the three preceding Collection Periods for which all relevant Servicer Reports are available (or, where there are not at least three such Collection Periods, any previous such Collection Periods) in accordance with Schedule 5 (Determinations and Reconciliation), for the purposes of complying with its obligations hereunder. The Cash Manager shall make such estimations on the basis of information available to it at such time and shall not be liable (in the absence of negligence, bad faith and wilful default) for the accuracy of such estimations. 15.2 Upon receipt by the Cash Manager of all Servicer Reports in relation to the Determination Period, the Cash Manager will apply the reconciliation calculations set out in Schedule 5 (Determinations and Reconciliation). 15.3 If a Servicer Report or any other information or data upon which the amounts due under a Swap Transaction could ordinarily be determined has not been provided or is otherwise unavailable, the Cash Manager shall calculate the amounts due under the Interest Rate Swap Transaction in accordance with the terms of the Interest Rate Swap Transaction and, following any such period if such data becomes available, the Cash Manager shall perform any reconciliation calculations required in accordance with the provisions of the Interest Rate Swap Transaction. Name Specimen Signature Set forth on following page Set forth on following page
Appears in 1 contract
Samples: Cash Management Agreement
Estimation. 15.1 In the event that the Servicer has not provided any Servicer Report due during a Collection Period (the Determination Period), then the Cash Manager shall be required to estimate the amount of Principal Receipts and Revenue Receipts for such Determination Period based on the Servicer Reports in respect of the three preceding Collection Periods for which all relevant Servicer Reports are available (or, where there are not at least three such Collection Periods, any previous such Collection Periods) in accordance with Schedule 5 (Determinations and Reconciliation), for the purposes of complying with its obligations hereunder. The Cash Manager shall make such estimations on the basis of information available to it at such time and shall not be liable (in the absence of negligence, bad faith and wilful default) for the accuracy of such estimations.
15.2 Upon receipt by the Cash Manager of all Servicer Reports in relation to the Determination Period, the Cash Manager will apply the reconciliation calculations set out in Schedule 5 (Determinations and Reconciliation).
15.3 If a Servicer Report or any other information or data upon which the amounts due under a Interest Rate Swap Transaction could ordinarily be determined has not been provided or is otherwise unavailable, the Cash Manager shall calculate the amounts due under the Interest Rate Swap Transaction Transaction, in accordance with the terms of the Interest Rate Swap Transaction and, following any such period if such data becomes available, the Cash Manager shall perform any reconciliation calculations required in accordance with the provisions of the Interest Rate Swap Transaction. Name Specimen Signature Set forth on following page Set forth on following page.
Appears in 1 contract
Samples: Cash Management Agreement
Estimation. 15.1 In the event that the Servicer has not provided any Servicer Report due during a Collection Period (the Determination Period), then the Cash Manager shall be required to estimate the amount of Principal Receipts and Revenue Receipts for such Determination Period based on the Servicer Reports in respect of the three preceding Collection Periods for which all relevant Servicer Reports are available (or, where there are not at least three such Collection Periods, any previous such Collection Periods) in accordance with Schedule 5 (Determinations and Reconciliation), for the purposes of complying with its obligations hereunder. The Cash Manager shall make such estimations on the basis of information available to it at such time and shall not be liable (in the absence of negligence, bad faith and wilful default) for the accuracy of such estimations.
15.2 Upon receipt by the Cash Manager of all Servicer Reports in relation to the Determination Period, the Cash Manager will apply the reconciliation calculations set out in Schedule 5 (Determinations and Reconciliation).
15.3 If a Servicer Report or any other information or data upon which the amounts due under a Swap Transaction could ordinarily be determined has not been provided or is otherwise unavailable, the Cash Manager shall calculate the amounts due under the Fixed Interest Rate Swap Transaction in accordance with the terms of the Fixed Interest Rate Swap Transaction and, following any such period if such data becomes available, the Cash Manager shall perform any reconciliation calculations required in accordance with the provisions of the Fixed Interest Rate Swap TransactionSwap. Name Specimen Signature Set forth on following page Set forth on following pageASSET SUMMARY (for reporting period) Pool Summary Start of Period End of Period Number Current Balance Issuer Purchases NumberFurther Advances by SellerFurther Advances purchased by Issuer Balance
Appears in 1 contract
Samples: Cash Management Agreement
Estimation. 15.1 16.1 In the event that the Servicer has not provided any Servicer Report due during a Collection Period (the Determination Period), then the Cash Manager shall be required to estimate the amount of Principal Receipts and Revenue Receipts for such Determination Period based on the Servicer Reports in respect of the three preceding Collection Periods for which all relevant Servicer Reports are available (or, where there are not at least three such Collection Periods, any previous such Collection Periods) in accordance with Schedule 5 (Determinations and Reconciliation), for the purposes of complying with its obligations hereunder. The Cash Manager shall make such estimations on the basis of information available to it at such time and shall not be liable (in the absence of negligence, bad faith and wilful default) for the accuracy of such estimations.
15.2 16.2 Upon receipt by the Cash Manager of all Servicer Reports in relation to the Determination Period, the Cash Manager will apply the reconciliation calculations set out in Schedule 5 (Determinations and Reconciliation).
15.3 16.3 If a Servicer Report or any other information or data upon which the amounts due under a Swap Transaction could ordinarily be determined has not been provided or is otherwise unavailable, the Cash Manager shall calculate the amounts due under the Interest Rate Swap Transaction and the Currency Swap Transaction, in accordance with the terms of the Interest Rate applicable Swap Transaction and, following any such period if such data becomes available, the Cash Manager shall perform any reconciliation calculations required in accordance with the provisions of the Interest Rate relevant Swap Transaction. Name Specimen Signature Set forth on following page Set forth on following page.
Appears in 1 contract
Samples: Cash Management Agreement
Estimation. 15.1 17.1 In the event that the Servicer has not provided any Servicer Report due during a Collection Period (the Determination Period), then the Cash Manager shall be required to estimate the amount of Principal Receipts and Revenue Receipts for such Determination Period based on the Servicer Reports in respect of the three preceding Collection Periods for which all relevant Servicer Reports are available (or, where there are not at least three such Collection Periods, any previous such Collection Periods) in accordance with Schedule 5 (Determinations and Reconciliation), for the purposes of complying with its obligations hereunder. The Cash Manager shall make such estimations on the basis of information available to it at such time and shall not be liable (in the absence of negligence, bad faith and wilful default) for the accuracy of such estimations.
15.2 17.2 Upon receipt by the Cash Manager of all Servicer Reports in relation to the Determination Period, the Cash Manager will apply the reconciliation calculations set out in Schedule 5 (Determinations and Reconciliation).
15.3 17.3 If a Servicer Report or any other information or data upon which the amounts due under a Swap Transaction could ordinarily be determined has not been provided or is otherwise unavailable, the Cash Manager shall calculate the amounts due under the Interest Rate Swap Transaction Transaction, in accordance with the terms of the Interest Rate applicable Swap Transaction and, following any such period if such data becomes available, the Cash Manager shall perform any reconciliation calculations required in accordance with the provisions of the Interest Rate relevant Swap Transaction. Name Specimen Signature Set forth on following page Set forth on following page.
Appears in 1 contract
Samples: Cash Management Agreement