Common use of Notification of Rates, Amounts and Remittance Dates Clause in Contracts

Notification of Rates, Amounts and Remittance Dates. Promptly after the Closing Date and after the beginning of each subsequent Interest Accrual Period and in any event at least 10 days prior to any Distribution Date, the Trustee shall confirm with the Auction Agent, so long as the ownership of the Class A-3 Certificates is maintained in Book-Entry Form by the Depository the date of such next Distribution Date. If any day scheduled to be a Distribution Date shall be changed after the Trustee shall have given the notice or confirmation referred to in the preceding sentence, the Trustee shall, not later than 9:15 a.m., eastern time, on the Business Day next preceding the earlier of the new Distribution Date or the old Distribution Date, by such means as the Trustee deems practicable, give notice of such change to the Auction Agent and the Depository, so long as the ownership of the Class A-3 Certificates is maintained in Book-Entry Form by the Depository.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Greenpoint Credit LLC), Pooling and Servicing Agreement (Greenpoint Credit LLC)

AutoNDA by SimpleDocs

Notification of Rates, Amounts and Remittance Dates. Promptly after the Closing Date and after the beginning of each subsequent Interest Accrual Period and in any event at least 10 days prior to any Distribution Date, the Trustee shall confirm with the Auction Agent, so long as the ownership of the Class A-3 A-2 Certificates is maintained in Book-Entry Form by the Depository the date of such next Distribution Date. If any day scheduled to be a Distribution Date shall be changed after the Trustee shall have given the notice or confirmation referred to in the preceding sentence, the Trustee shall, not later than 9:15 a.m., eastern time, on the Business Day next preceding the earlier of the new Distribution Date or the old Distribution Date, by such means as the Trustee deems practicable, give notice of such change to the Auction Agent and the Depository, so long as the ownership of the Class A-3 A-2 Certificates is maintained in Book-Entry Form by the Depository.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Credit LLC)

Notification of Rates, Amounts and Remittance Dates. Promptly after the Closing Date and after the beginning of each subsequent Interest Accrual Period and in any event at least 10 days prior to any Distribution Date, the Trustee shall confirm with the Auction Agent, so long as the ownership of the Class A-3 II A-2 Certificates is maintained in Book-Entry Form by the Depository the date of such next Distribution Date. If any day scheduled to be a Distribution Date shall be changed after the Trustee shall have given the notice or confirmation referred to in the preceding sentence, the Trustee shall, not later than 9:15 a.m., eastern time, on the Business Day next preceding the earlier of the new Distribution Date or the old Distribution Date, by such means as the Trustee deems practicable, give notice of such change to the Auction Agent and the Depository, so long as the ownership of the Class A-3 II A-2 Certificates is maintained in Book-Entry Form by the Depository.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Financial Corp)

Notification of Rates, Amounts and Remittance Dates. Promptly after the Closing Date and after the beginning of each subsequent Interest Accrual Period and in any event at least 10 days prior to any Distribution Date, the Trustee shall confirm with the Auction AgentAgent with respect to each Class, so long as the ownership of the such Class A-3 Certificates is maintained in Book-Entry Form by the Depository Depository, the date of such next Distribution Date. If any day scheduled to be a Distribution Date shall be changed after the Trustee shall have given the notice or confirmation referred to in the preceding sentence, the Trustee shall, not later than 9:15 a.m., eastern Eastern time, on the Business Day next preceding the earlier of the new Distribution Date or the old Distribution Date, by such means as the Trustee deems practicable, give notice of such change to the Auction Agent and the Depository, so long as the ownership of the Class A-3 Certificates any Certificate is maintained in Book-Entry Form by the Depository.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Credit Manufactured Housing Cont Tru Ser 2001-2)

AutoNDA by SimpleDocs

Notification of Rates, Amounts and Remittance Dates. Promptly after the Closing Date and after the beginning of each subsequent Interest Accrual Period and in any event at least 10 days prior to any Distribution Date, the Trustee shall confirm with the Auction Agent, so long as the ownership of the any Class A-3 Certificates is maintained in Book-Entry Form by the Depository the date of such next Distribution Date. If any day scheduled to be a Distribution Date shall be changed after the Trustee shall have given the notice or confirmation referred to in the preceding sentence, the Trustee shall, not later than 9:15 a.m., eastern time, on the Business Day next preceding the earlier of the new Distribution Date or the old Distribution Date, by such means as the Trustee deems practicable, give notice of such change to the Auction Agent and the Depository, so long as the ownership of the Class A-3 Certificates any is maintained in Book-Entry Form by the Depository.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Credit LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!