Reports to the Trustee; Collection Account Statements. (a) The Servicer shall deliver to the Paying Agent, with a copy to the Trustee, the Fiscal Agent and each Rating Agency, no later than the ____ Business Day following each Determination Date, but in any event no later than the ______ Business Day prior to the related Distribution Date, (i) the Servicer Remittance Report with respect to such Determination Date (which shall include, without limitation, the amount of Pooled Available Funds for the related Distribution Date) and (ii) a written statement of required P&I Advances for the related Determination Date together with the certificate and documentation required by the definition of Nonrecoverable Advance related to any determination that any such P&I Advance would constitute a Nonrecoverable Advance made as of such Determination Date. (b) For so long as the Servicer makes deposits into and withdrawals from the Collection Account, not later than ______ days after each Distribution Date, the Servicer shall forward to the Trustee a statement prepared by the Servicer setting forth the status of the Collection Account as of the close of business on the ____ Business Day of the related Collection Period showing the aggregate amount of deposits into and withdrawals from the Collection Account for each category of deposit specified in Section 3.5 and each category of withdrawal specified in Section 3.6
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp), Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp), Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)
Reports to the Trustee; Collection Account Statements. (a) The Servicer shall deliver to the Paying Agent, with a copy to the Trustee, the Fiscal Agent and each Rating Agency, no later than the ____ third Business Day following each Determination Date, but in any event no later than the ______ third Business Day prior to the related Distribution Date, (i) the Servicer Remittance Report with respect to such Determination Date (which shall include, without limitation, the amount of Pooled Available Funds for the related Distribution Date) and (ii) a written statement of required P&I Advances for the related Determination Date together with the certificate and documentation required by the definition of Nonrecoverable Advance related to any determination that any such P&I Advance would constitute a Nonrecoverable Advance made as of such Determination Date.
(b) For so long as the Servicer makes deposits into and withdrawals from the Collection Account, not later than ______ fifteen days after each Distribution Date, the Servicer shall forward to the Trustee a statement prepared by the Servicer setting forth the status of the Collection Account as of the close of business on the ____ last Business Day of the related Collection Period showing the aggregate amount of deposits into and withdrawals from the Collection Account for each category of deposit specified in Section 3.5 and each category of withdrawal specified in Section 3.63.6 for such Collection Period.
(c) The Trustee shall be entitled to rely conclusively on and shall not be responsible for the content or accuracy of any information provided to it by the Servicer or the Special Servicer pursuant to this Agreement.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Midland Realty Accept Corp Com Mort Pass THR Cert Se 1996 C2), Pooling and Servicing Agreement (Midland Realty Accept Corp Com Mort Pass THR Cert Se 1996-C1)
Reports to the Trustee; Collection Account Statements. (a) The Servicer shall deliver to the Paying Agent, with a copy to the Trustee, [the Fiscal Agent Agent] and each Rating Agency, no later than the ____ third Business Day following each Determination Date, but in any event no later than the ______ third Business Day prior to the related Distribution Date, (i) the Servicer Remittance Report with respect to such Determination Date (which shall include, without limitation, the amount of Pooled Available Funds for the related Distribution Date) and (ii) a written statement of required P&I Advances for the related Determination Date together with the certificate and documentation required by the definition of Nonrecoverable Advance related to any determination that any such P&I Advance would constitute a Nonrecoverable Advance made as of such Determination Date.
(b) For so long as the Servicer makes deposits into and withdrawals from the Collection Account, not later than ______ [fifteen] days after each Distribution Date, the Servicer shall forward to the Trustee a statement prepared by the Servicer setting forth the status of the Collection Account as of the close of business on the ____ last Business Day of the related Collection Period showing the aggregate amount of deposits into and withdrawals from the Collection Account for each category of deposit specified in Section 3.5 and each category of withdrawal specified in Section 3.63.6 for such Collection Period.
(c) The Trustee shall be entitled to rely conclusively on and shall not be responsible for the content or accuracy of any information provided to it by the Servicer or the Special Servicer pursuant to this Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Commercial Mortgage Acceptance Corp)
Reports to the Trustee; Collection Account Statements. (a) The Master Servicer shall deliver to the Paying Agent, with a copy to the Trustee, the Fiscal Agent and each Rating Agency, (i) no later than 3:00 p.m. on the ____ third Business Day following each Determination Date, but in any event no later than the ______ Business Day prior to preceding the related Distribution Date, Date (iA) the Servicer Remittance Report with respect to such Determination Date (which shall include, without limitation, the amount of Pooled Available Funds the Master Servicer Remittance Amount for the related Distribution Date) and (iiB) a written statement of required P&I Advances for the related Determination Date together with the certificate and documentation required by the definition of Nonrecoverable Advance related to any determination that any such P&I Advance would constitute a Nonrecoverable Advance made as of such Determination Date.
(b) For so long as the Master Servicer makes deposits into and withdrawals with- drawals from the Collection Account, not later than ______ fifteen days after each Distribution Date, the Master Servicer shall forward to the Trustee a statement prepared by the Master Servicer setting forth the status of the Collection Account as of the close of business on the ____ last Business Day of the related Collection Period showing the aggregate amount of deposits into and withdrawals from the Collection Account for each category of deposit specified in Section 3.5 and each category of withdrawal specified in Section 3.63.6 for such Collection Period.
(c) The Trustee shall be entitled to rely conclusively on and shall not be responsible for the content or accuracy of any information provided to it by the Master Servicer or the Special Servicer pursuant to this Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Commercial Mortgage Acceptance Corp)
Reports to the Trustee; Collection Account Statements. (a) The Master Servicer shall deliver to the Paying Agent, with a copy to the Trustee, the Fiscal Agent and each Rating Agency, no later than the ____ third Business Day following each Determination Date, but in any event no later than the ______ third Business Day prior to the related Distribution Date, (i) the Master Servicer Remittance Report with respect to such Determination Date (which shall include, without limitation, the amount of Pooled Available Funds for the related Distribution Date) and (ii) a written statement of required P&I Advances for the related Determination Date together with the certificate and documentation required by the definition of Nonrecoverable Advance related to any determination that any such P&I Advance would constitute a Nonrecoverable Advance made as of such Determination Date.
(b) For so long as the Master Servicer makes deposits into and withdrawals from the Collection Account, not later than ______ fifteen days after each Distribution Date, the Master Servicer shall forward to the Trustee a statement prepared by the Master Servicer setting forth the status of the Collection Account as of the close of business on the ____ last Business Day of the related Collection Period showing the aggregate amount of deposits into and withdrawals from the Collection Account for each category of deposit specified in Section 3.5 and each category of withdrawal specified in Section 3.63.6 for such Collection Period.
(c) The Trustee shall be entitled to rely conclusively on and shall not be responsible for the content or accuracy of any information provided to it by the Master Servicer or the Special Servicer pursuant to this Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Commercial Mortgage Acceptance Corp)