Quarterly Servicer Certificate Clause Samples
The Quarterly Servicer Certificate clause requires the servicer to prepare and deliver a detailed report every quarter summarizing key information about the performance and status of the serviced assets. Typically, this certificate includes data such as collections, delinquencies, payments made, and any other relevant financial or operational metrics for the reporting period. By mandating regular, standardized reporting, this clause ensures transparency and enables stakeholders to monitor the servicer’s performance and the health of the underlying assets, thereby reducing information asymmetry and supporting informed decision-making.
Quarterly Servicer Certificate. So long as any Bonds are outstanding, not later than 11:00 a.m. (New York City time) on the Servicer Business Day immediately preceding each Payment Date, the Servicer shall deliver a written report substantially in the form of Exhibit D hereto (the "Quarterly Servicer Certificate") to the Issuer, the Trustee and the Rating Agencies.
Quarterly Servicer Certificate. So long as any Notes are outstanding, not later than the Servicer Business Day immediately preceding each Payment Date, the Servicer shall deliver a written report substantially in the form of EXHIBIT D hereto (the "QUARTERLY SERVICER CERTIFICATE") to the Note Issuer, the Note Trustee, the Certificate Trustee and the Rating Agencies.