Examples of Deficiency Claim Date in a sentence
In the event that the Back-up Servicer reports any discrepancies, the Servicer and the Back-up Servicer shall attempt to reconcile such discrepancies prior to the related Deficiency Claim Date, but in the absence of a reconciliation, the Servicer's Certificate shall control for the purpose of calculations and payments with respect to the related Payment Date.
Any Deficiency Notice shall be delivered by 10:00 a.m., New York City time, on the related Deficiency Claim Date.
In the event that the Backup Servicer reports any discrepancies, the Servicer and the Backup Servicer shall attempt to reconcile such discrepancies prior to the related Deficiency Claim Date, but in the absence of a reconciliation, the Servicer's Certificate shall control for the purpose of calculations and distributions with respect to the related Distribution Date.
If the Note Policy Claim Amount, if any, for such Payment Date is greater than zero, the Trustee shall on the related Deficiency Claim Date immediately furnish to the Security Insurer and the Fiscal Agent (as defined in the Note Policy) a completed Deficiency Notice.
On the Deficiency Claim Date, the Trustee shall remit to the Collection Account any amounts withdrawn from the Reserve Account pursuant to SECTION 5.5.