Payment Date Statement definition

Payment Date Statement means a report prepared by the Administrator setting forth certain information relating to the Reference Pool, the Notes, the Reference Tranches and the hypothetical structure described in the Offering Memorandum, which will be in such form as is required under the Offering Memorandum and otherwise as agreed upon between the Administrator and the Indenture Trustee.

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Payment Date Statement has the meaning provided in Section 2.12(d).

Payment Date Statement. A statement prepared by the Collateral Agent and verified by the Collateral Manager prior to each Payment Date setting forth the calculation of each amount payable out of available Collections on such Payment Date pursuant to either Section 2.7 or 2.8(a), as applicable, together with the payment information for each recipient of such amounts.

Examples of Payment Date Statement in a sentence

Each such Payment Date Statement shall contain instructions to the Collateral Agent to withdraw on the related Payment Date from the applicable Collection Account and pay or transfer amounts set forth in such report in the manner specified, and in accordance with the priorities established, in Section 2.7 or Section 2.8, as applicable.
The Collateral Agent shall also make required calculations for each Payment Date Statement as of the day that is four (4) Business Days prior to the applicable Payment Date, and deliver such calculations to the Borrower and the Collateral Manager (and, following the delivery of a Notice of Exclusive Control, the Administrative Agent and the Collateral Manager) for the Collateral Manager’s (or Administrative Agent’s, as applicable) review no later than two (2) Business Days prior to such Payment Date.
The Collateral Manager shall deliver a Borrowing Base Certificate and a Payment Date Statement prepared by the Collateral Agent, in each case determined as of the end of the Collection Period and delivered two (2) Business Days prior to each Payment Date, to the Administrative Agent, the Collateral Agent and the Borrower not later than the Business Day preceding the related Payment Date.

More Definitions of Payment Date Statement

Payment Date Statement means the monthly report prepared by the Indenture Trustee, as set forth in the STACR Documentation.

Payment Date Statement means a report setting forth certain information relating to the Reference Pool and the related Loan Groups, the Notes, the Reference Tranches and the hypothetical structure described in the Prospectus, which shall be substantially in the form of Exhibit G hereto.

Payment Date Statement shall have the meaning provided in Section 5.1.

Payment Date Statement. As defined in Section 5.10(a) hereof.

Payment Date Statement. The statement prepared pursuant to Section 2.08(d) with respect to collection on or in respect of the Mortgage Loans and other assets of the Trust Estate and payments on or in respect of the Notes, based upon the information contained in the Servicer Remittance Report prepared pursuant to the Servicing Agreement and setting forth the following information with respect to each Payment Date (to the extent the Servicer has made such information (other than the information described in clause (ii), (iii), (iv), (v) and (xv) below) available to the Indenture Trustee):

Payment Date Statement means a written statement substantially in the form attached hereto as Exhibit E setting forth the amounts to be paid pursuant to Section 2.10(b) on the related Payment Date.

Payment Date Statement means, with respect to any Series, a report prepared by the Servicer on each Determination Date for the immediately preceding Collection Period setting forth the information contemplated by Section 3.4 of the Trust Sale and Servicing Agreement.