Reporting Requirements of the Servicer. From the date hereof until the Final Termination Date, the Servicer covenants and agrees that it will, unless the Trust shall otherwise consent in writing, deliver to the Trust: (a) on each Reporting Date, a Portfolio Report relating to the Pool Assets during the related Collection Period and relating to all transactions between the Seller in its capacity as Servicer and the Trust during such Collection Period, such report to be current as of the close of business of the Servicer on the related Settlement Date; (b) on the first Business Day of each week, a Portfolio Certificate relating to the Pool Assets as of the close of business of the Servicer on the last day of the prior week; (c) upon the Trust’s reasonable request therefor, a listing by Obligor of all Pool Receivables and current aging report for all Delinquent Receivables; (d) forthwith after the occurrence of each Servicer Termination Event and each event or the existence of any fact which, with the giving of such notice or lapse of time or both, may constitute a Servicer Termination Event, a statement of a senior financial officer or accounting officer of the Servicer setting forth details as to such Servicer Termination Event or fact or event and the action which the Servicer has taken and is proposing to take with respect thereto; and (e) promptly, from time to time, such other documents, records, information or reports with respect to the Pool Assets or the conditions or operations, financial or otherwise, of the Servicer as the Trust may from time to time reasonably request.
Appears in 4 contracts
Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (KAR Auction Services, Inc.)
Reporting Requirements of the Servicer. From the date hereof Effective Date until the Final Termination Collection Date, the Servicer covenants and agrees that it will, unless the Trust Program Agent and the Majority Managing Agents shall otherwise consent in writing, deliver furnish to the TrustProgram Agent and each Managing Agent:
(a) on each Reporting Date, a Portfolio Report relating to the Pool Assets during the related Collection Period as soon as reasonably practicable and relating to all transactions between the Seller in its capacity as Servicer and the Trust during such Collection Period, such report to be current as of the close of business any event within three (3) Business Days after any Responsible Officer of the Servicer obtains knowledge of the occurrence of each Event of Termination or Incipient Event of Termination (if such Incipient Event of Termination is continuing on the related Settlement Datedate of such notice), the statement of a Responsible Officer of the Servicer setting forth the details of such Event of Termination or Incipient Event of Termination;
(b) on the first as soon as reasonably practicable and in any event within three (3) Business Day of each week, a Portfolio Certificate relating to the Pool Assets as of the close of business Days after any Responsible Officer of the Servicer on the last day obtains knowledge of the prior week;
(c) upon the Trust’s reasonable request therefor, a listing by Obligor of all Pool Receivables and current aging report for all Delinquent Receivables;
(d) forthwith after the occurrence of each event described in the definition of “Servicer Termination Event and Default” or each event or the existence of any fact which, with the giving of such notice or lapse of time or both, may would constitute a Servicer Termination EventDefault (if such event is continuing on the date of such notice), a the statement of a senior financial officer or accounting officer Responsible Officer of the Servicer setting forth the details as to of such Servicer Termination Event or fact Default or event and the action which the Servicer has taken and is proposing proposes to take with respect thereto; and;
(ec) promptlyas soon as reasonably practicable, from time to time, such other information, documents, records, information records or reports with respect to within its possession respecting the Pool Assets Receivables or the conditions or operations, financial or otherwise, of the Servicer as the Trust Program Agent or any Managing Agent may from time to time reasonably request;
(d) on each Monthly Reporting Date, a Monthly Report; and
(e) on each Weekly Reporting Date during a Level B Ratings Period, a Weekly Report.
Appears in 2 contracts
Samples: Loan and Servicing Agreement (Tampa Electric Co), Loan and Servicing Agreement (Teco Energy Inc)
Reporting Requirements of the Servicer. From the date hereof until the Final Termination Date, the Servicer covenants and agrees that it will, unless the Trust shall otherwise consent in writing, deliver to the Trust:
(a) on each Reporting Date, a Portfolio Servicer Report relating to the Pool Assets during the related Collection Period and relating to all transactions between the Seller in its capacity as Servicer and the Trust during such Collection Period, such report to be current as of the close of business of the Servicer on the related Settlement Date;
(b) on the first Business Day of each week, a Portfolio Certificate relating to the Pool Assets as of the close of business of the Servicer on the last day of the prior week;
(c) on each Business Day following the occurrence and during the continuation of an Enhancement Build Trigger or a Trigger Event, a Portfolio Certificate relating to the Pool Assets as of the close of business of the Servicer on the Business Day immediately preceding such Business Day;
(d) upon the Trust’s 's reasonable request therefor, a listing by Obligor of all Pool Receivables and current aging report for all Delinquent Receivables;
(de) forthwith after the occurrence of each Servicer Termination Event and each event or the existence of any fact which, with the giving of such notice or lapse of time or both, may constitute a Servicer Termination Event, a statement of a senior financial officer or accounting officer of the Servicer setting forth details as to such Servicer Termination Event or fact or event and the action which the Servicer has taken and is proposing to take with respect thereto; and
(ef) promptly, from time to time, such other documents, records, information or reports with respect to the Pool Assets or the conditions or operations, financial or otherwise, of the Servicer as the Trust may from time to time reasonably request.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (KAR Auction Services, Inc.)
Reporting Requirements of the Servicer. WSLegal\047083\00034\12027575v8 I\5470303.2 From the date hereof until the Final Termination Date, the Servicer covenants and agrees that it will, unless the Trust shall otherwise consent in writing, deliver to the Trust:
(a) on each Reporting Date, a Portfolio Servicer Report relating to the Pool Assets during the related Collection Period and relating to all transactions between the Seller in its capacity as Servicer and the Trust during such Collection Period, such report to be current as of the close of business of the Servicer on the related Settlement Date;
(b) on the first Business Day of each week, a Portfolio Certificate relating to the Pool Assets as of the close of business of the Servicer on the last day of the prior week;
(c) upon the Trust’s 's reasonable request therefor, a listing by Obligor of all Pool Receivables and current aging report for all Delinquent Receivables;
(d) forthwith after the occurrence of each Servicer Termination Event and each event or the existence of any fact which, with the giving of such notice or lapse of time or both, may constitute a Servicer Termination Event, a statement of a senior financial officer or accounting officer of the Servicer setting forth details as to such Servicer Termination Event or fact or event and the action which the Servicer has taken and is proposing to take with respect thereto; and
(e) promptly, from time to time, such other documents, records, information or reports with respect to the Pool Assets or the conditions or operations, financial or otherwise, of the Servicer as the Trust may from time to time reasonably request.
Appears in 1 contract
Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.)
Reporting Requirements of the Servicer. From the date hereof until the Final Termination Date, the Servicer covenants and agrees that it will, unless the Trust shall otherwise consent in writing, deliver to the Trust:
(a) on each Reporting Date, a Portfolio Servicer Report relating to the Pool Assets during the related Collection Period and relating to all transactions between the Seller in its WSLEGAL\047083\00034\17266544v3 I\113475037.1 capacity as Servicer and the Trust during such Collection Period, such report to be current as of the close of business of the Servicer on the related Settlement Date;
(b) on the first Business Day of each week, a Portfolio Certificate relating to the Pool Assets as of the close of business of the Servicer on the last day of the prior week;
(c) upon the Trust’s 's reasonable request therefor, a listing by Obligor of all Pool Receivables and current aging report for all Delinquent Receivables;
(d) forthwith after the occurrence of each Servicer Termination Event and each event or the existence of any fact which, with the giving of such notice or lapse of time or both, may constitute a Servicer Termination Event, a statement of a senior financial officer or accounting officer of the Servicer setting forth details as to such Servicer Termination Event or fact or event and the action which the Servicer has taken and is proposing to take with respect thereto; and
(e) promptly, from time to time, such other documents, records, information or reports with respect to the Pool Assets or the conditions or operations, financial or otherwise, of the Servicer as the Trust may from time to time reasonably request.
Appears in 1 contract
Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.)
Reporting Requirements of the Servicer. From the date hereof until the Final Termination Date, the Servicer covenants and agrees that it will, unless the Trust shall otherwise consent in writing, deliver to the Trust:
(a) on each Reporting Date, a Portfolio Servicer Report relating to the Pool Assets during the related Collection Period and relating to all transactions between the Seller in its capacity as Servicer and the Trust during such Collection Period, such report to be current as of the close of business of the Servicer on the related Settlement Date;
(b) on the first Business Day of each week, a Portfolio Certificate relating to the Pool Assets as of the close of business of the Servicer on the last day of the prior week;
(c) upon the Trust’s 's reasonable request therefor, a listing by Obligor of all Pool Receivables and current aging report for all Delinquent Receivables;
(d) forthwith after the occurrence of each Servicer Termination Event and each event or the existence of any fact which, with the giving of such notice or lapse of time or both, may constitute a Servicer Termination Event, a statement of a senior financial officer or accounting officer of the Servicer setting forth details as to such Servicer Termination Event or fact or event and the action which the Servicer has taken and is proposing to take with respect thereto; and
(e) promptly, from time to time, such other documents, records, information or reports with respect to the Pool Assets or the conditions or operations, financial or otherwise, of the Servicer as the Trust may from time to time reasonably request.
Appears in 1 contract
Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.)
Reporting Requirements of the Servicer. From the date hereof until the Final Termination Date, the Servicer covenants and agrees that it will, unless the Trust and the Financial Services Agent shall otherwise consent in writing, deliver to the Trust, the Agents and the Financial Services Agent:
(a) on each Reporting Date, a Portfolio Servicer Report relating to the Pool Assets during the related Collection Period and relating to all transactions between the Seller in its capacity as Servicer and the Trust during such Collection Period, such report to be current as of the close of business of the Servicer on the related Settlement Date;
(b) on the first Business Day of each week, a Portfolio Certificate relating to the Pool Assets as of the close of business of the Servicer on the last day of the prior week;
(c) on each Business Day following the occurrence and during the continuation of an Enhancement Build Trigger or a Trigger Event, a Portfolio Certificate relating to the Pool Assets as of the close of business of the Servicer on the Business Day immediately preceding such Business Day;
(d) upon the Trust’s reasonable request therefortherefor by the Trust or the Financial Services Agent, a listing by Obligor of all Pool Receivables and current aging report for all Delinquent Receivables;
(de) forthwith after the occurrence of each Servicer Termination Event and each event or the existence of any fact which, with the giving of such notice or lapse of time or both, may constitute a Servicer Termination Event, a statement of a senior financial officer or accounting officer of the Servicer setting forth details as to such Servicer Termination Event or fact or event and the action which the Servicer has taken and is proposing to take with respect thereto; and
(ef) promptly, from time to time, such other documents, records, information or reports with respect to the Pool Assets or the conditions or operations, financial or otherwise, of the Servicer as the Trust or the Financial Services Agent may from time to time reasonably request.
Appears in 1 contract
Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.)