Reports of Certificate Principal Balances to the Clearing Agency. If and for so long as any Certificate is held by the Clearing Agency, on the second Business Day before each Distribution Date, the Trustee shall give oral notice to the Clearing Agency (and shall promptly thereafter confirm in writing) the following: (a) the amount of interest and principal to be distributed on the Certificates of such Class on the upcoming Distribution Date, as reported in the related Remittance Report, (b) the Record Date for such distribution, (c) the Distribution Date for such distribution and (d) the aggregate Certificate Principal Balance of each Class of Certificates reported pursuant to clause (10) of Section 4.01 hereof in such month.
Appears in 8 contracts
Samples: Pooling and Servicing Agreement (Bombardier Capital Mortgage Securitization Corp), Pooling and Servicing Agreement (Bombardier Capital Mortgage Securitization Corp), Pooling and Servicing Agreement (Bombardier Capital Mortgage Securitization Corp)
Reports of Certificate Principal Balances to the Clearing Agency. If and for so long as any Certificate is held by the Clearing Agency, on the second Business Day before each Distribution Payment Date, the Trustee shall give oral notice to the Clearing Agency (and shall promptly thereafter confirm in writing) the following: (a) the amount of interest and principal to be distributed on the Certificates of such Class on the upcoming Distribution Payment Date, as reported in the related Remittance Reportremittance report, (b) the Record Date for such distribution, (c) the Distribution Payment Date for such distribution and (d) the aggregate Certificate Principal Balance of each Class of Certificates reported pursuant to clause (10) of Section 4.01 hereof in such month.]
Appears in 2 contracts
Samples: Trust Agreement (Residential Resources Inc), Trust Agreement (Union Planters Home Equity Corp)
