No Advances. No advance of funds has been made after origination, directly or indirectly, by the Seller to the Mortgagor and, to the Seller's knowledge, no funds have been received from any person other than the Mortgagor, for or on account of payments due on the Mortgage Note or the Mortgage.
No Advances. The Servicer shall not be obligated to advance any of its own funds to the Issuer. EXHIBIT B FORM OF MONTHLY SERVICER’S CERTIFICATE See Attached MONTHLY SERVICER’S CERTIFICATE DUKE ENERGY PROGRESS SC STORM FUNDING LLC $[ ] Storm Recovery Senior Secured Storm Recovery Bonds Pursuant to Section 3.01(b) of the Storm Recovery Property Servicing Agreement dated as of [ ], 2024 by and between Duke Energy Progress, LLC, as Servicer, and Duke Energy Progress SC Storm Funding LLC, as Issuer (the “Servicing Agreement”), the Servicer does hereby certify as follows: Capitalized terms used but not defined in this Monthly Servicer’s Certificate have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections or subsections of the Servicing Agreement. Current BILLING MONTH: {__________} Current BILLING MONTH: {__/__/20__} - {__/__/20__} Standard Billing for prior BILLING MONTH Residential Total Billed ${__________} Residential STORM RECOVERY CHARGE (“SRC”) Billed ${__________} {_.____}% Small General Service Total Billed ${__________} Small General Service SRC Billed ${__________} {_.____}% Medium General Service Billed ${__________} Medium General Service SRC Billed ${__________} {_.____}% Large General Service Total Billed ${__________} Large General Service SRC Billed ${__________} {_.____}% Lighting Total Billed ${__________} Lighting SRC Billed ${__________} {_.____}% YTD Net Write-offs as a % of Billed Revenue Non-Residential Class Customer Write-offs {_.____}% Residential Class Customer Write-offs {_.____}% Total Write-offs {_.____}% Aggregate SRC Collections Total SRC Remitted for BILLING MONTH Residential SRC Collected ${__________} Small General Service SRC Collected ${__________} Medium General Service SRC Collected ${__________} Large General Service SRC Collected ${__________} Lighting SRC Collected ${__________} Sub-Total of SRC Collected ${__________} Total SRC Collected and Remitted ${__________} Aggregate SRC Remittances for {__________ 20__} BILLING MONTH ${__________} Aggregate SRC Remittances for {__________ 20__} BILLING MONTH ${__________} Aggregate SRC Remittances for {__________ 20__} BILLING MONTH ${__________} Total Current SRC Remittances ${__________} Current BILLING MONTH: {__/__/20__} - {__/__/20__} Executed as of this {____} day of {__________} 20{__}. Duke Energy Progress, LLC, as Servicer By: Name: Title: CC: DUKE ENERGY PROGRESS SC STOR...
No Advances. Any principal advances made to the Mortgagor prior to the Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan plus any Negative Amortization;
No Advances. No advances were made on behalf of the Obligor to satisfy any of the representations and warranties set forth herein with respect to the related Contract.
No Advances. Except for payments in the nature of escrow payments, including without limitation, taxes and insurance payments, the Master Servicer has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Obligor, directly or indirectly, for the payment of any amount required by the Mortgage, except for interest accruing from the date of the Debt Instrument or date of disbursement of the Mortgage proceeds, whichever is greater, to the day which precedes by one month the Due Date of the first installment of principal and interest;
No Advances. No advances have been made to Obligors in order to meet any representation and warranties herein set forth.
No Advances. Borrower shall not be entitled to any Advances if the effect thereof would be to cause the test in Section 2.20(a) to be violated.
No Advances. Any principal advances made to the Mortgagor prior to the Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee's consolidated interest or by other title evidence acceptable to Fxxxxx Mae and Fxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;
No Advances. Manager shall not be obligated to make any advance to or for the account of the Owner or to pay any sum except out of funds held or provided as set forth in this Agreement, nor shall Manager be obliged to incur any liability or obligation for the account of the Owner.
No Advances. No Advances shall be outstanding on the Closing Date.
