Subject to. Section 11.1 respecting the final payment upon retirement of each Note, the Servicer shall on each Payment Date instruct the Trust Collateral Agent to distribute to each Noteholder of record on the preceding Record Date either (i) by wire transfer, in immediately available funds to the account of such Holder at a bank or other entity having appropriate facilities therefor, if such Noteholder is the Clearing Agency or such Holder's Notes in the aggregate evidence an original Note Balance of at least $1,000,000, and if such Noteholder shall have provided to the Trust Collateral Agent appropriate instructions prior to the Record Date for such Payment Date, or (ii) by check mailed to such Noteholder at the address of such Holder appearing in the Note Register, such Holder's pro rata share (based on the outstanding Note Balance) of the Class A-1 Payment Amount, the Class A-2 Payment Amount, the Class A-3 Payment Amount, the Class A-4 Payment Amount or the Class B Payment Amount, as applicable, to be paid to such Class of Notes in accordance with the Servicer's Certificate.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Long Beach Acceptance Corp), Sale and Servicing Agreement (Long Beach Acceptance Corp)
Subject to. Section
11.1 respecting the final payment upon retirement of each Note, the Servicer shall on each Payment Date instruct the Trust Collateral Agent in writing to distribute to each Noteholder of record on the preceding Record Date either (i) by wire transfer, in immediately available funds to the account of such Holder at a bank or other entity having appropriate facilities therefor, if such Noteholder is the Clearing Agency or such Holder's Notes in the aggregate evidence an original Note Balance of at least $1,000,000, and if such Noteholder shall have provided to the Trust Collateral Agent appropriate instructions prior to the Record Date for such Payment Date, or (ii) by check mailed to such Noteholder at the address of such Holder appearing in the Note Register, such Holder's pro rata share (based on the outstanding Note Balance) of (i) the Principal Payment Amount plus (ii) the Class A-1 Interest Payment Amount, the Class A-2 Interest Payment Amount, the Class A-3 Payment Amount, the Class A-4 Interest Payment Amount or the Class B A-4 Interest Payment Amount, as applicable, to be paid to such Class of Notes in accordance with the Servicer's Certificate.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Long Beach Acceptance Corp. Auto Receivables Trust 2004-B), Sale and Servicing Agreement (Long Beach Acceptance Receivables Corp.)
Subject to. Section
11.1 respecting the final payment upon retirement of each Note, the Servicer shall on each Payment Date instruct the Trust Collateral Agent in writing to distribute to each Noteholder of record on the preceding Record Date either (i) by wire transfer, in immediately available funds to the account of such Holder at a bank or other entity having appropriate facilities therefor, if such Noteholder is the Clearing Agency or such Holder's Notes in the aggregate evidence an original Note Balance of at least $1,000,000, and if such Noteholder shall have provided to the Trust Collateral Agent appropriate instructions prior to the Record Date for such Payment Date, or (ii) by check mailed to such Noteholder at the address of such Holder appearing in the Note Register, such Holder's pro rata share (based on the outstanding Note Balance) of (i) the Principal Payment Amount plus (ii) the Class A-1 Payment Amount, the Class A-2 Payment Amount, the Class A-3 Payment Amount, the Class A-4 Interest Payment Amount or the Class B A-2 Interest Payment Amount, as applicable, to be paid to such Class of Notes in accordance with the Servicer's Certificate.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Long Beach Acceptance Corp), Sale and Servicing Agreement (Long Beach Acceptance Corp)
Subject to. Section
11.1 respecting the final payment upon retirement of each Note, the Servicer shall on each Payment Date instruct the Trust Collateral Agent in writing to distribute to each Noteholder of record on the preceding Record Date either (i) by wire transfer, in immediately available funds to the account of such Holder at a bank or other entity having appropriate facilities therefor, if such Noteholder is the Clearing Agency or such Holder's Notes in the aggregate evidence an original Note Balance of at least $1,000,000, and if such Noteholder shall have provided to the Trust Collateral Agent appropriate instructions prior to the Record Date for such Payment Date, or (ii) by check mailed to such Noteholder at the address of such Holder appearing in the Note Register, such Holder's pro rata share (based on the outstanding Note Balance) of (i) the Principal Payment Amount plus (ii) the Class A-1 Interest Payment Amount, the Class A-2 Interest Payment Amount, the Class A-3 Interest Payment Amount, Amount and the Class A-4 Payment Amount or the Class B Interest Payment Amount, as applicable, to be paid to such Class of Notes in accordance with the Servicer's Certificate.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Long Beach Acceptance Corp), Sale and Servicing Agreement (Long Beach Acceptance Corp. Auto Receivables Trust 2006-A)
Subject to. Section
Section 11.1 respecting the final payment upon retirement of each Note, the Servicer shall on each Payment Date instruct the Trust Collateral Agent in writing to distribute to each Noteholder of record on the preceding Record Date either (i) by wire transfer, in immediately available funds to the account of such Holder at a bank or other entity having appropriate facilities therefor, if such Noteholder is the Clearing Agency or such Holder's Notes in the aggregate evidence an original Note Balance of at least $1,000,000, and if such Noteholder shall have provided to the Trust Collateral Agent appropriate instructions prior to the Record Date for such Payment Date, or (ii) by check mailed to such Noteholder at the address of such Holder appearing in the Note Register, such Holder's pro rata share (based on the outstanding Note Balance) of (i) the Principal Payment Amount plus (ii) the Class A-1 Interest Payment Amount, the Class A-2 Interest Payment Amount, the Class A-3 Payment Amount, the Class A-4 Interest Payment Amount or the Class B A-4 Interest Payment Amount, as applicable, to be paid to such Class of Notes in accordance with the Servicer's Certificate.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Long Beach Acceptance Auto Receivables Trust 2005-A)
Subject to. Section
11.1 respecting the final payment upon retirement of each Note, the Servicer shall on each Payment Date instruct the Trust Collateral Agent to distribute to each Noteholder of record on the preceding Record Date either (i) by wire transfer, in immediately available funds to the account of such Holder at a bank or other entity having appropriate facilities therefor, if such Noteholder is the Clearing Agency or such Holder's Notes in the aggregate evidence an original Note Balance of at least $1,000,000, and if such Noteholder shall have provided to the Trust Collateral Agent appropriate instructions prior to the Record Date for such Payment Date, or (ii) by check mailed to such Noteholder at the address of such Holder appearing in the Note Register, such Holder's pro rata PRO RATA share (based on the outstanding Note Balance) of the Class A-1 Payment Amount, the Class A-2 Payment Amount, the Class A-3 Payment Amount, the Class A-4 Payment Amount or the Class B A-4 Payment Amount, as applicable, to be paid to such Class of Notes in accordance with the Servicer's Certificate.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Long Beach Holdings Corp)
Subject to. Section
11.1 respecting the final payment upon retirement of each Note, the Servicer shall on each Payment Date instruct the Trust Collateral Agent in writing to distribute to each Noteholder of record on the preceding Record Date either (i) by wire transfer, in immediately available funds to the account of such Holder at a bank or other entity having appropriate facilities therefor, if such Noteholder is the Clearing Agency or such Holder's Notes in the aggregate evidence an original Note Balance of at least $1,000,000, and if such Noteholder shall have provided to the Trust Collateral Agent appropriate instructions prior to the Record Date for such Payment Date, or (ii) by check mailed to such Noteholder at the address of such Holder appearing in the Note Register, such Holder's pro rata share (based on the outstanding Note Balance) of the Class A-1 Payment Amount, the Class A-2 Payment Amount, the Class A-3 Payment Amount, the Class A-4 Payment Amount or the Class B A-4 Payment Amount, as applicable, to be paid to such Class of Notes in accordance with the Servicer's Certificate.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Long Beach Acceptance Corp)
Subject to. Section
11.1 respecting the final payment upon retirement of each Note, the Servicer shall on each Payment Date instruct the Trust Collateral Agent to distribute to each Noteholder of record on the preceding Record Date either (i) by wire transfer, in immediately available funds to the account of such Holder at a bank or other entity having appropriate facilities therefor, if such Noteholder is the Clearing Agency or such Holder's Notes in the aggregate evidence an original Note Balance of at least $1,000,000, and if such Noteholder shall have provided to the Trust Collateral Agent appropriate instructions prior to the Record Date for such Payment Date, or (ii) by check mailed to such Noteholder at the address of such Holder appearing in the Note Register, such Holder's pro rata PRO RATA share (based on the outstanding Note Balance) of the Class A-1 Payment Amount, the Class A-2 Payment Amount, or the Class A-3 Payment Amount, the Class A-4 Payment Amount or the Class B Payment Amount, as applicable, to be paid to such Class of Notes in accordance with the Servicer's Certificate.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Long Beach Holdings Corp)