Servicer Calculations Clause Samples
The Servicer Calculations clause defines the responsibilities and procedures for the servicer to determine and report key financial figures related to the serviced assets. Typically, this includes calculating amounts such as principal and interest payments, fees, and any other relevant sums due under the agreement, often according to a specified schedule or methodology. By clearly outlining how and when these calculations are to be performed and communicated, the clause ensures transparency and accuracy in financial reporting, reducing the risk of disputes between parties over payment amounts.
Servicer Calculations. Neither the Trustee nor the Indenture Trustee shall be under any obligation to recalculate or reverify any calculations made by the Servicer with respect to any amounts to be transferred by the Indenture Trustee pursuant to this Part XII.
Servicer Calculations. The Trustee shall be under no obligation to recalculate or reverify any calculations made by the Servicer with respect to any amounts to be transferred by the Trustee pursuant to this Part XII.
Servicer Calculations. Servicer shall make the determinations and calculations required to be made by it in a commercially reasonable manner.
Servicer Calculations. The Servicer shall calculate, in a manner consistent with the Indenture (including all Officer’s Issuance Certificates) and the Trust Agreement (including all Certificate Insurance Orders), (i) no later than each Determination Date, Available Trust Interest, the Monthly Servicing Fee, Aggregate Noteholders’ Interest, Aggregate Revolver Interest, Aggregate Certificateholders’ Interest, any payment due under any Specified Support Arrangement and, for a specific number of Determination Dates immediately preceding the Determination Date preceding the Targeted Final Payment Date or Targeted Final Distribution Date for any series of Notes or for the Certificates (which specific number shall be set forth in the Officer’s Issuance Certificate of such series of Notes or the Certificate Issuance Order of the Certificates or this Agreement), the Required Payment Period Length and, (ii) no later than each Determination Date for the Wind Down Period, an Early Amortization Period, the Payment Period for any series of Notes or the Certificates or, if principal payments are then required to be made (or set aside) under any series of Notes or the Certificates, the Revolving Period, Available Trust Principal, Aggregate Noteholders’ Principal, Aggregate Revolver Principal, Aggregate Certificateholders’ Principal, the Required Revolver Payment, unreimbursed Trust Charge-Offs, unreimbursed Reallocated Principal Amounts, the Trust Defaulted Amount and the Principal Allocation Percentage for each series of Class A Notes, and in each case, all other amounts required to determine the amounts to be deposited in or paid from each of the Collection Account, the Accumulation Accounts, the Term Note Distribution Account, the Revolver Distribution Account, the Certificate Distribution Account, the SWIFT [•] Reserve Funds and any other Designated Account on the next succeeding Monthly Distribution Date and (iii) on each Business Day that any series of Notes or the Certificates requires Available Trust Principal to be retained or set aside with respect to such series of Notes or the Certificates, the Principal Allocation Percentage and the maximum amount required to be set aside for such series of Notes or the Certificates or the amounts required to be so set aside. The Servicer shall calculate on a daily basis the Daily Trust Balance, the Daily Trust Invested Amount and all related amounts to the extent necessary to determine the Required Cash Collateral Amount for such date as described...
Servicer Calculations. 20 Part XIII.