REPORTS OF SECURITY 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 5 contracts
Samples: Pooling and Servicing Agreement (Residential Resources Inc), Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc), Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc)
REPORTS OF SECURITY 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.. -40- 45
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Union Planters Home Equity Corp)
REPORTS OF SECURITY 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.. -44- 49
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Union Planters Mortgage Finance Corp)
REPORTS OF SECURITY 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 pursuant to the Clearing Agency's current guidelines (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 1 contract
Samples: Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc)
