Common use of Monthly Settlement Statements Clause in Contracts

Monthly Settlement Statements. On each Settlement Report Date, the Servicer shall deliver to the Trustee and the Funding Agent (commencing with the Settlement Report Date occurring on May 15, 1998) a Monthly Settlement Statement in the Form of Exhibit E setting forth, among other things, the Loss Reserve Ratio, the Dilution Reserve Ratio, the Minimum Ratio, the Carrying Cost Reserve Ratio, the Servicing Reserve Ratio and the components of the calculation thereof, the Series 1998-2 Monthly Interest, the Additional Interest, the Series 1998-2 Monthly Servicing Fee, the Commitment Fee and the Series 1998-2 Monthly Principal Payment, each as recalculated for the period until the next succeeding Settlement Report Date. The Funding Agent shall forward a copy of each Monthly Settlement Statement to any Purchaser upon request by such Purchaser. The Company and the Servicer will deliver copies of all notices, reports, statements and other documents delivered by it pursuant to the Pooling and Servicing Agreements to each Rating Agency. A copy of any such items may be obtained by any Certificateholder upon a written request delivered to the Trustee at the Corporate Trust Office.

Monthly Settlement Statements. On each Settlement Report Date, the Servicer shall deliver to the Trustee and the Funding Agent (commencing with the Settlement Report Date occurring on May June 15, 1998) a Monthly Settlement Statement in the Form of Exhibit E setting forth, among other things, the Loss Reserve Ratio, the Dilution Reserve Ratio, the Minimum Ratio, the Carrying Cost Reserve Ratio, the Servicing Reserve Ratio and the components of the calculation thereof, the Series 1998-2 1 Monthly Interest, the Additional Interest, the Series 1998-2 1 Monthly Servicing Fee, the Commitment Fee and the Series 1998-2 1 Monthly Principal Payment, each as recalculated for the period until the next succeeding Settlement Report Date. The Funding Agent shall forward a copy of each Monthly Settlement Statement to any Purchaser upon request by such Purchaser. The Company and the Servicer will deliver copies of all notices, reports, statements and other documents delivered by it pursuant to the Pooling and Servicing Agreements to each Rating Agency. A copy of any such items may be obtained by any Certificateholder upon a written request delivered to the Trustee at the Corporate Trust Office.

Monthly Settlement Statements. On each Settlement Report Date, the Servicer shall deliver to the Trustee and the Funding Agent (commencing with the Settlement Report Date occurring on May April 15, 1998) a Monthly Settlement Statement in the Form of Exhibit E F setting forth, among other things, the Loss Reserve Ratio, the Dilution Reserve Ratio, the Minimum Ratio, the Carrying Cost Reserve Ratio, the Servicing Reserve Ratio and the components of the calculation thereof, the Series 1998-2 1 Monthly Interest, the Additional Interest, the Series 1998-2 Monthly 1 Periodic Servicing Fee, the Commitment Fee and the Series 1998-2 1 Monthly Principal Payment, each as recalculated for the period until the next succeeding Settlement Report Date. The Funding Agent shall forward a copy of each Monthly Settlement Statement to any Purchaser upon request by such Purchaser. The Company and Trustee shall have no obligation whatsoever to verify the Servicer will deliver copies accuracy of all noticesany information contained within the Monthly Settlement Statement, reports, statements and other documents delivered by it pursuant to the Pooling and Servicing Agreements to each Rating Agencyincluding any calculations contained therein. A copy of any such items may be obtained by any Certificateholder holder of a Certificate upon a written request delivered to the Trustee at the Corporate Trust Office.

Monthly Settlement Statements. On each Settlement Report Date, the Servicer shall deliver to the Trustee and the Funding Agent each Rating Agency (commencing with the Settlement Report Date occurring on May 15December 16, 19981996) a Monthly Settlement Statement in the Form of Exhibit E D setting forth, among other things, the Loss Reserve RatioRatio I, the Loss Reserve Ratio II, the Dilution Reserve RatioRatio I, the Dilution Reserve Ratio II, the Minimum Ratio, in each case, where applicable, with respect to the Class A Certificates and the Class B Certificates, the Carrying Cost Reserve Ratio, Ratio and the Servicing Reserve Ratio and the components of the calculation thereof, the Series 1998-2 Monthly Interest, the Additional Interest, the Series 1998-2 Monthly Servicing Fee, the Commitment Fee and the Series 1998-2 Monthly Principal Payment, each as recalculated for the period until the next succeeding Settlement Report Date. The Funding Agent Trustee shall forward a copy of each Monthly Settlement Statement to any Purchaser Term Certificateholder upon request by such PurchaserTerm Certificateholder. The Company and the Servicer will deliver copies of all notices, reports, statements and other documents delivered by it pursuant to the Pooling and Servicing Agreements to each Rating Agency. A copy of any such items may be obtained by any Certificateholder upon a written request delivered to the Trustee at the Corporate Trust Office.

Monthly Settlement Statements. On each Settlement Report Date, the Servicer shall deliver to the Trustee and the Funding Agent each Rating Agency (commencing with the Settlement Report Date occurring on May 15, 1998) a Monthly Settlement Statement in the Form of Exhibit E D setting forth, among other things, the Loss Reserve RatioRatio I, the Loss Reserve Ratio II, the Dilution Reserve RatioRatio I, the Dilution Reserve Ratio II, the Minimum Ratio, in each case, where applicable, with respect to the Class A Certificates and the Class B Certificates, the Carrying Cost Reserve Ratio, Ratio and the Servicing Reserve Ratio and the components of the calculation thereof, the Series 1998-2 Monthly Interest, the Additional Interest, the Series 1998-2 Monthly Servicing Fee, the Commitment Fee and the Series 1998-2 Monthly Principal Payment, each as recalculated for the period until the next succeeding Settlement Report Date. The Funding Agent Trustee shall forward a copy of each Monthly Settlement Statement to any Purchaser Term Certificateholder upon request by such PurchaserTerm Certificateholder. The Company and the Servicer will deliver copies of all notices, reports, statements and other documents delivered by it pursuant to the Pooling and Servicing Agreements to each Rating Agency. A copy of any such items may be obtained by any Certificateholder upon a written request delivered to the Trustee at the Corporate Trust Office.