Common use of Monthly Servicer's Reports Clause in Contracts

Monthly Servicer's Reports. No later than 10:00 a.m. (Minneapolis time) on each Determination Date, the Servicer shall deliver the Monthly Servicer's Report to the Transferor, the Back-up Servicer, the Trustee, and the Placement Agent, and the Trustee will deliver the Monthly Servicer's Report to each Certificateholder, MBIA, and the Rating Agencies in the form attached as Exhibit A hereto with respect to the activity in the immediately preceding Due Period. In the course of preparing the Monthly Servicer's Report, the Servicer shall seek direction from the Holder of the Transferor Certificate as to remittance of any funds to be paid pursuant to Section 12.02(d)(xvi) of the Trust and Security Agreement. Lease Contracts which have been substituted for or purchased by the Company or the Transferor shall be identified by Customer lease number on the Monthly Servicer's Report. On each Payment Date, the Servicer shall deliver to the Back-up Servicer and MBIA a Computer Tape in a format acceptable to the Back-up Servicer containing the information from which the Servicer prepared the Monthly Servicer's Report, as well as any additional information reasonably requested by the Back-up Servicer prior to such Payment Date.

Appears in 1 contract

Samples: Servicing Agreement (Granite Financial Inc)

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Monthly Servicer's Reports. Prior to the end of the first week of each month, the Servicer will provide to the Indenture Trustee and the Note Administrator a Computer Tape containing the information from which the Servicer will prepare the Monthly Servicer's Report. No later than 10:00 a.m. (a.m., Minneapolis time) , on each Determination Date, the Servicer shall deliver the Monthly Servicer's Report to the TransferorIssuer, the Back-up Servicer, the Indenture Trustee, MBIA, and the Placement Agent, and the Indenture Trustee will deliver the Monthly Servicer's Report to each Certificateholder, MBIA, Noteholder and the Rating Agencies in the form attached as Exhibit A hereto to the Specific Servicing Terms with respect to the activity in the immediately preceding Due Period. In the course of preparing the Monthly Servicer's Report, the Servicer shall seek direction from the Holder of the Transferor Certificate Issuer as to remittance of any funds to be paid pursuant to Section 12.02(d)(xvi12.02(d)(xv) of the Trust and Security AgreementStandard Indenture Terms. Lease Contracts which have been substituted for or purchased by the Company or the Transferor Issuer shall be identified by Customer lease number on the Monthly Servicer's Report. On each Payment Date, the Servicer shall deliver to the Back-up Servicer and MBIA a Computer Tape in a format acceptable to the Back-up Servicer containing the information from which the Servicer prepared the Monthly Servicer's Report, as well as any additional information reasonably requested by the Back-up Servicer prior to such Payment Date.

Appears in 1 contract

Samples: American Business Financial Services Inc /De/

Monthly Servicer's Reports. No later than 10:00 a.m. (Minneapolis time) on each Determination Date, the Servicer shall deliver the Monthly Servicer's Report to the Transferor, the Back-up Servicer, the Trustee, and the Placement Agent, and the Trustee will deliver the Monthly Servicer's Report to each Certificateholder, MBIA, and the Rating Agencies in the form attached as Exhibit A hereto with respect to the activity in the immediately preceding Due Monthly Period. In the course of preparing the Monthly Servicer's Report, the Servicer shall seek direction from the Holder of the Transferor Certificate as to remittance of any funds to be paid pursuant to Section 12.02(d)(xvi) of the Trust and Security Agreement. Lease Contracts which have been substituted for or purchased by the Company or the Transferor shall be identified by Customer lease number on the Monthly Servicer's Report. On each Payment Date, the Servicer shall deliver to the Back-up Servicer and MBIA a Computer Tape in a format acceptable to the Back-up Servicer containing the information from which the Servicer prepared the Monthly Servicer's Report, as well as any additional information reasonably requested by the Back-up Servicer prior to such Payment Date.

Appears in 1 contract

Samples: Servicing Agreement (Granite Financial Inc)

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Monthly Servicer's Reports. No later than 10:00 a.m. (Minneapolis time) on each Determination Date, the Servicer shall deliver the Monthly Servicer's Report to the Transferor, the Back-up Servicer, the Trustee, and the Placement Agent, and the Trustee will deliver the Monthly Servicer's Report to each Certificateholder, MBIA, and the Rating Agencies in the form attached as Exhibit A hereto with respect to the activity in the immediately preceding Due Period. In the course of preparing the Monthly Servicer's Report, the Servicer shall seek direction from the Holder of the Transferor Certificate as to remittance of any funds to be paid pursuant to Section 12.02(d)(xvi12.02(d)(xviii) of the Trust and Security Agreement. Lease Contracts which have been substituted for or purchased by the Company or the Transferor shall be identified by Customer lease number on the Monthly Servicer's Report. On each Payment Date, the Servicer shall deliver to the Back-up Servicer and MBIA a Computer Tape in a format acceptable to the Back-up Servicer containing the information from which the Servicer prepared the Monthly Servicer's Report, as well as any additional information reasonably requested by the Back-up Servicer prior to such Payment Date.

Appears in 1 contract

Samples: Servicing Agreement (Granite Financial Inc)

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