Servicer's Report. (a) On or before the Determination Date preceding each Payment Date, the Servicer shall deliver to the Owner Trustee, the Indenture Trustee and each Paying Agent, with a copy to each of the Rating Agencies, a Servicer’s Report containing all information necessary to make the payments, transfers and distributions pursuant to Section 4.3 hereof and Sections 8.2, 8.4 and 8.5 of the Indenture, together with the information to be made available by the Indenture Trustee pursuant to Section 7.4 of the Indenture, in each case, on such Payment Date, and any information reasonably requested by the Owner Trustee for it to prepare the reports pursuant to Section 5.3 of the Trust Agreement. At the sole option of the Servicer, each Servicer’s Report may be delivered in electronic or hard copy format.
(b) No disbursements shall be made directly by the Servicer to a Noteholder or a Certificateholder, and the Servicer shall not be required to maintain any investor record relating to the posting of disbursements or otherwise.
Servicer's Report. (a) On each Determination Date, Servicer shall deliver to Trustee, each Paying Agent and Seller, with a copy to the Rating Agencies, a Servicer’s Report substantially in the form of Exhibit C (a “Servicer’s Report”) containing, among other things, (i) all information necessary to make the deposits, transfers and distributions required by Sections 4.4, 4.5 and 4.6, (ii) all information necessary for sending statements to Holders pursuant to Section 4.7, (iii) all information necessary to prepare the certificate described in Section 9.3, (iv) all information necessary to determine if there has been a Servicer Termination Event under Section 8.1, and (v) all information necessary to reconcile all deposits to, and withdrawals from, the Collection Account for such Distribution Date and the related Collection Period. Servicer also shall separately identify (by account number of the Receivable as it appears in the Schedule of Receivables) to Trustee in a written notice or a list in computer readable form the Receivables to be purchased by Servicer, as the case may be, on the related Deposit Date, and each Receivable which became a Defaulted Receivable during the related Collection Period.
(b) Servicer shall provide Trustee with a database file for the Receivables at or prior to the Closing Date (but with information as of the close of business on the Cutoff Date).
Servicer's Report. (a) On each Determination Date, Servicer shall deliver to Owner Trustee, Indenture Trustee, each Paying Agent and Seller, with a copy to the Rating Agencies, a Servicer's Report substantially in the form of Exhibit A, containing all information necessary to make the transfers and distributions pursuant to Sections 5.4, 5.5 and 5.8 for the Collection Period preceding the date of such Servicer's Report together with all information necessary for the Owner Trustee to send statements to Certificateholders pursuant to Section 5.6 and Indenture Trustee to send copies of statements received by the Indenture Trustee to Noteholders pursuant to the Indenture and Section 5.6 of this Agreement. Receivables to be purchased by Servicer shall be identified by Servicer by account number with respect to such Receivable (as specified in the Schedule of Receivables).
(b) Servicer shall provide Indenture Trustee with a database file for the Receivables at or prior to the Closing Date (but with information as of the close of business on the Cutoff Date).
Servicer's Report. On or before the fifteenth day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day), the Servicer shall deliver to the Administrator a servicer's report with respect to the preceding calendar month containing all information necessary for the Administrator to prepare the Administrator's Certificate, referred to in Section 2(b)(ii) of the Administration Agreement, covering such preceding calendar month.
Servicer's Report. (a) On or before the Determination Date preceding each Payment Date, the Servicer shall deliver to the Indenture Trustee and each Paying Agent, with a copy to each of the Rating Agencies, a Servicer’s Report containing all information necessary to make the payments, transfers and distributions pursuant to Section 4.3 and Sections 8.2, 8.4 and 8.5 of the Indenture on such Payment Date. At the sole option of the Servicer, each Servicer’s Report may be delivered in electronic or hard copy format. No disbursements shall be made directly by the Servicer to a Noteholder or a Certificateholder, and the Servicer shall not be required to maintain any investor record relating to the posting of disbursements or otherwise.
(b) The Indenture Trustee and the Owner Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the Servicer’s Report delivered by the Servicer to the Indenture Trustee and the Owner Trustee, and the Indenture Trustee and the Owner Trustee shall be fully protected in relying upon such Servicer’s Report with no liability therefor.
(c) No disbursements shall be made directly by the Servicer to a Noteholder or a Certificateholder, and the Servicer shall not be required to maintain any investor record relating to the posting of disbursements or otherwise.
Servicer's Report. (a) On each Determination Date, Servicer shall deliver to Owner Trustee, Indenture Trustee, each Paying Agent and Seller, with a copy to the Rating Agencies, a Servicer's Report substantially in the form of Exhibit A, containing all information necessary to make the transfers and distributions pursuant to Sections 5.4 and 5.5 (including amounts required to be transferred from the Reserve Account to the Collection Account) for the Collection Period preceding the date of such Servicer's Report together with all information necessary for the Owner Trustee to send statements to Certificateholders pursuant to Section 5.6 and Indenture Trustee to send copies of statements received by the Indenture Trustee to Noteholders pursuant to the Indenture and Section 5.6 of this Agreement. Receivables to be purchased by Servicer or to be repurchased by AmSouth Bank shall be identified by Servicer by account number with respect to such Receivable (as specified in the Schedule of Receivables).
(b) Servicer shall provide Indenture Trustee with a database file for the Receivables at or prior to the Closing Date (but with information as of the close of business on the Cutoff Date).
Servicer's Report. (a) On each Determination Date, Servicer shall deliver to Owner Trustee, Indenture Trustee, each Paying Agent and Company, with a copy to the Rating Agencies, a Servicer's Report substantially in the form of Exhibit A, containing all information necessary to make the transfers and distributions pursuant to Sections 5.3, 5.4 and 5.7 for the Collection Period preceding the date of such Servicer's Report together with all information necessary for the Owner Trustee to send statements to Certificateholders pursuant to Section 5.5 and Indenture Trustee to send copies of statements received by the Indenture Trustee to Noteholders pursuant to the Indenture and Section 5.5 of this Agreement. Receivables to be purchased by Servicer or to be repurchased by Sellers shall be identified by Servicer by account number with respect to such Receivable (as specified in the Schedule of Receivables set forth as Schedule A).
(b) Servicer shall provide Indenture Trustee with a database file for the Receivables at or prior to the Closing Date (but with information as of the close of business on the Cutoff Date).
Servicer's Report. (a) On each Determination Date, Servicer shall deliver to Owner Trustee, Indenture Trustee, each Paying Agent and Seller, with a copy to the Rating Agencies, a Servicer’s Report substantially in the form of Exhibit A, containing all information necessary to make the transfers and distributions pursuant to Sections 5.4 and 5.5 (including amounts required to be transferred from the Reserve Account to the Collection Account) for the Collection Period preceding the date of such Servicer’s Report together with all information necessary for the Owner Trustee to send statements to Certificateholders pursuant to Section 5.6 and Indenture Trustee to send copies of statements received by the Indenture Trustee to Noteholders pursuant to the Indenture and Section 5.6 of this Agreement.
(b) Servicer shall provide Indenture Trustee with a database file for the Receivables at or prior to the Closing Date (but with information as of the close of business on the Cutoff Date).
Servicer's Report. Subject to Section 5.14 hereof:
(a) The Contractor shall require each Servicer to promptly furnish to the Contractor (which information the Servicer shall forward to the Administrator and the Trust) from time to time upon request, such information, reports, and financial statements within its control related to the Servicer or the servicing of the Financed Student Loans as the Contractor or the Trust reasonably deems appropriate to be prepared and file all necessary reports or certifications with the Securities and Exchange Commission or as required by the Xxxxxxxx-Xxxxx Act of 2002 or the Indenture.
(b) Without limiting the generality of the foregoing, the Contractor shall require each Servicer to provide certified reports to the Contractor with respect to the Financed Student Loans serviced by the Servicer of all monetary transactions as well as periodic summary and account information or as otherwise required by the Contractor including, without limitation, such items as:
(i) daily monetary transaction summary;
(ii) daily lender advice report;
(iii) daily transaction journal;
(iv) daily transaction detail;
(v) total interest report;
(vi) total principal report;
(vii) delinquency detail;
(viii) claims delinquency detail;
(ix) Computation of interest and Special Allowance Payments (currently reported on ED Form 799). The Contractor also shall require the Servicer to report all pertinent information to the Secretary on ED Form 799 (or such successor report as may be applicable);
(x) ED Form 799 Supporting Reports: Total Principal Report; Part II Origination/Lender Fees; Part III, IV Interest Benefits and Special Allowance Report; Part III, IV Prior Quarter Subsidized Interest and Special Allowance; Part V Changes in Loan Principal; Part VI Loan Portfolio Analysis; and
(xi) a quarterly report of xxxxxxxx to the Secretary for interest and special allowances.
Servicer's Report. (a) On or before the Determination Date preceding each Payment Date, the Servicer shall deliver to the Indenture Trustee and each Paying Agent, with a copy to each of the Rating Agencies [and the Swap Counterparty], a Servicer’s Report containing all information necessary to make the payments, transfers and distributions pursuant to Section 4.3 hereof and Sections 8.2, 8.4 and 8.5 of the Indenture on such Payment Date. At the sole option of the Servicer, each Servicer’s Report may be delivered in electronic or hard copy format. No disbursements shall be made directly by the Servicer to a Noteholder or a Certificateholder, and the Servicer shall not be required to maintain any investor record relating to the posting of disbursements or otherwise. 9 Form of Servicing Agreement Table of Contents
(b) No disbursements shall be made directly by the Servicer to a Noteholder or a Certificateholder, and the Servicer shall not be required to maintain any investor record relating to the posting of disbursements or otherwise.
