Remittances to Indenture Trustee Sample Clauses

Remittances to Indenture Trustee. At or before 12:00 noon Denver time on each Deposit Date, the Servicer shall withdraw from the Collection Account all amounts on deposit therein that constitute any portion of Remittable Funds for the related Deposit Date (including any amounts therein that are being held for remittance on a subsequent Deposit Date and are applied toward the Monthly Advance for the related Deposit Date pursuant to Section 4.01(a)) and remit such amounts to the Indenture Trustee for deposit into the Bond Account. In addition, any amounts required pursuant to the Indenture to be deposited into the Bond Account in connection with a purchase of any Mortgage Loans by the Servicer pursuant to the Indenture and any other amounts (including Monthly Advances and Compensating Interest for such Deposit Date) required by this Agreement to be deposited by the Servicer with the Indenture Trustee shall be remitted to the Indenture Trustee for deposit into the Bond Account on the applicable Deposit Date. On each Deposit Date after the Indenture has been satisfied and released for so long as the Deposit Trust Agreement remains in effect, the Servicer shall remit all Remittable Funds to the Trust Paying Agent, for deposit into the Certificate Distribution Account in accordance with the Deposit Trust Agreement. In the event that the Servicer does not remit all Remittable Funds for the related Payment Date on the Deposit Date, the Servicer also shall pay to the Indenture Trustee on demand, for its own account and not for the account of the Bondholders, an amount equal to the income that the Indenture Trustee would have received on the investment of such funds in Permitted Investments, as reasonably calculated by the Indenture Trustee, from the Deposit Date until the date that such Remittable Funds have been remitted to the Indenture Trustee.
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Remittances to Indenture Trustee. At or before 12:00 noon Denver time on each Deposit Date, the Servicer shall withdraw from the Collection Account all amounts on
Sample 1

Related to Remittances to Indenture Trustee

  • Directions to Indenture Trustee The Indenture Trustee is hereby directed:

  • Assignment to Indenture Trustee The Seller hereby acknowledges and consents to any mortgage, pledge, assignment and grant of a security interest by the Issuing Entity to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders of all right, title and interest of the Issuing Entity in, to and under the Receivables and/or the assignment of any or all of the Issuing Entity’s rights and obligations hereunder to the Indenture Trustee.

  • Appointment of Co-Indenture Trustee or Separate Indenture Trustee (a) Notwithstanding any other provisions of this Indenture, at any time, for the purpose of meeting any legal requirement of any jurisdiction in which any part of the Trust Estate may at the time be located, the Indenture Trustee shall have the power and may execute and deliver all instruments to appoint one or more Persons to act as a co-trustee or co-trustees, or separate trustee or separate trustees, of all or any part of the Trust, and to vest in such Person or Persons, in such capacity and for the benefit of the Noteholders, such title to the Trust Estate, or any part hereof, and, subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Indenture Trustee may consider necessary or desirable. No co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 6.11 and no notice to Noteholders of the appointment of any co-trustee or separate trustee shall be required under Section 6.08 hereof.

  • Opinions as to Indenture Trust Estate (a) On the Closing Date, the Issuer shall furnish to the Indenture Trustee an Opinion of Counsel either stating that, in the opinion of such counsel, such action has been taken with respect to the recording and filing of this Indenture as is necessary to perfect and make effective the lien and security interest of this Indenture and reciting the details of such action, or stating that, in the opinion of such counsel, no such action is necessary to make such lien and security interest effective.

  • Actions Requested by Indenture Trustee At the Administrator’s expense, the Issuer will promptly take any lawful action the Indenture Trustee requests to (i) compel the performance by (A) the Depositor and the Servicer of their obligations to the Issuer under the Sale and Servicing Agreement or (B) the Depositor and Ford Credit of their obligations under the Receivables Purchase Agreement and (ii) exercise any rights, remedies, powers, privileges and claims available to the Issuer under those agreements as directed by the Indenture Trustee.

  • Indenture Trustee Not Obligated Notwithstanding anything to the contrary herein, the Indenture Trustee is not obligated to enter into an amendment that adversely affects the Indenture Trustee’s rights, powers, duties, obligations, liabilities, indemnities or immunities under this Indenture.

  • Indenture Trustee Consent The consent of the Indenture Trustee will be required for any amendment pursuant to Sections 6.1(b) or (c) that has a material adverse effect on the rights, obligations, immunities or indemnities of the Indenture Trustee.

  • The Indenture Trustee Section 6.01.

  • Notices, etc., to Indenture Trustee, Issuer and Rating Agencies Any request, demand, authorization, direction, notice, consent, waiver or Act of Noteholders or other documents provided or permitted by this Indenture shall be in writing and if such request, demand, authorization, direction, notice, consent, waiver or Act of Noteholders is to be made upon, given or furnished to or filed with:

  • Reports by Indenture Trustee to Noteholders The Indenture Trustee shall deliver to each Noteholder (and to each Person who was a Noteholder at any time during the applicable calendar year) such information as may be required to enable such holder to prepare its Federal and state income tax returns. Within 60 days after each December 31 beginning with the December 31 following the date of this Indenture, the Indenture Trustee shall mail to each Noteholder a brief report as of such December 31 that complies with TIA § 313(a) if required by said section. The Indenture Trustee shall also comply with TIA § 313(b). A copy of each such report required pursuant to TIA § 313(a) or (b) shall, at the time of such transaction to Noteholders, be filed by the Indenture Trustee with the Commission and with each securities exchange, if any, upon which the Notes are listed, provided that the Issuer has previously notified the Indenture Trustee of such listing.

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