Common use of Monthly Backup Servicer’s Certificate Clause in Contracts

Monthly Backup Servicer’s Certificate. Prior to the Assumption Date, on or before 12:00 noon (New York City time) on the Business Day preceding each Distribution Date, the Backup Servicer shall deliver or cause to be delivered to the Class A Insurer and the Trust Collateral Agent a certificate (the "Backup Servicer's Certificate"), in form and substance satisfactory to the Class A Insurer, signed by an officer of the Backup Servicer, stating that: (i) the Backup Servicer has loaded the Servicer's Data File as described in Section 2.1(a) on its hardware; (ii) a review of the Servicer's Certificate for the related Distribution Date has been made under such officer's supervision; (iii) the Backup Servicer has received the Live Data File described in Section 2.6(a); and (iv) to such officer's knowledge: (x) the electronic media is in readable form; (y) with respect to the review and verification set forth in Section 2.2(a) and 2.2(b), the data on the Servicer's Data File tie to the related Servicer's Certificate resulting in no discrepancies between them; and (z) the Servicer's Certificate does not contain any errors in accordance with the review criteria set forth in Section 2.2(a)

Appears in 1 contract

Samples: Backup Servicing Agreement (Credit Acceptance Corporation)

AutoNDA by SimpleDocs

Monthly Backup Servicer’s Certificate. Prior to the Assumption Date, on or before 12:00 noon at least two (New York City time2) on the Business Day preceding Days prior to each Distribution Date, the Backup Servicer shall deliver or cause to be delivered to the Class A Insurer and the Trust Collateral Agent a certificate (the "Backup Servicer's ’s Certificate"), in form and substance satisfactory to the Class A InsurerMajority Noteholders, signed by an officer of the Backup Servicer, stating that: (i) the Backup Servicer has loaded the Servicer's ’s Data File as described in Section 2.1(a) on its hardware; (ii) a review of the Servicer's ’s Certificate for the related Distribution Date has been made under such officer's ’s supervision; (iii) the Backup Servicer has received the Live Data File described in Section 2.6(a); and (iv) to such officer's ’s knowledge: (x) the electronic media is in readable form; (y) with respect to the review and verification set forth in Section 2.2(a) and 2.2(b), the data on the Servicer's ’s Data File tie to the related Servicer's ’s Certificate resulting in no discrepancies between them; and (z) the Servicer's ’s Certificate does not contain any errors in accordance with the review criteria set forth in Section 2.2(a)

Appears in 1 contract

Samples: Backup Servicing Agreement Backup Servicing Agreement

Monthly Backup Servicer’s Certificate. Prior to the Assumption Date, on or before 12:00 noon (New York City time) on the Business Day preceding each Distribution Date, the Backup Servicer shall deliver or cause to be delivered to the Class A Insurer and the Trust Collateral Agent a certificate (the "Backup Servicer's Certificate"), in form and substance satisfactory to the Class A Insurer, signed by an officer of the Backup Servicer, stating that: that (i) the Backup Servicer has loaded the Servicer's Data File as described in Section 2.1(a) on its hardware; , (ii) a review of the Servicer's Certificate for the related Distribution Date has been made under such officer's supervision; , (iii) the Backup Servicer has received the Live Data File described in Section 2.6(a2.6(c); , and (iv) to such officer's knowledge: , (x) the electronic media is in readable form; (y) with respect to the review and verification set forth in Section 2.2(a) and 2.2(b), the data on the Servicer's Data File tie to the related Servicer's Certificate resulting in no discrepancies between them; , and (z) the Servicer's Certificate does not contain any errors in accordance with the review criteria set forth in Section 2.2(a)

Appears in 1 contract

Samples: Backup Servicing Agreement (Credit Acceptance Corporation)

AutoNDA by SimpleDocs

Monthly Backup Servicer’s Certificate. Prior to the Assumption Date, on or before 12:00 noon (New York City time) on the Business Day preceding each Distribution Date, the Backup Servicer shall deliver or cause to be delivered to the Class A Insurer, the Backup Insurer and the Trust Collateral Agent a certificate (the "Backup Servicer's Certificate"), in form and substance satisfactory to the Class A InsurerControlling Party, signed by an officer of the Backup Servicer, stating that: (i) the Backup Servicer has loaded the Servicer's Data File as described in Section 2.1(a) on its hardware; (ii) a review of the Servicer's Certificate for the related Distribution Date has been made under such officer's supervision; (iii) the Backup Servicer has received the Live Data File described in Section 2.6(a2.6(c); and (iv) to such officer's knowledge: (x) the electronic media is in readable form; (y) with respect to the review and verification set forth in Section 2.2(a) and 2.2(b), the data on the Servicer's Data File tie to the related Servicer's Certificate resulting in no discrepancies between them; and (z) the Servicer's Certificate does not contain any errors in accordance with the review criteria set forth in Section 2.2(a)

Appears in 1 contract

Samples: Backup Servicing Agreement (Credit Acceptance Corporation)

Time is Money Join Law Insider Premium to draft better contracts faster.