Examples of Servicer Reporting Date in a sentence
If on any Servicer Reporting Date, the Servicer or any Back-Up Servicer (as applicable) has not provided the Cash Administrator with the Servicer Report and on the Investor Reporting Date, the Cash Administrator cannot calculate the amount of principal to be redeemed, the Issuer will not redeem the Class A Notes on the relevant Payment Date.
The Issuer will continue to redeem the Class A Notes in accordance with Condition7.1 hereof from the Payment Date in relation to which such Servicer or Back-Up Servicer, as the case may be, has provided the Cash Administrator with the Servicer Report on the Servicer Reporting Date immediately preceding such Payment Date.
The Servicer shall, for each Calculation Period, report to the Cash Manager by no later than 10.00 a.m. 4 Business Days prior to the related Interest Payment Date (the "Servicer Reporting Date") as to such principal and total balances of the Mortgage Loans and related reconciliations and other information which is required by the Cash Manager for the purposes of it preparing the Quarterly Investor Report.
In the event that such notification is required to be given to the Luxembourg Stock Exchange, this notification, together with any completed forms required by the Luxembourg Stock Exchange, shall be given no later than the close of the first Business Day following the relevant Servicer Reporting Date.
If on any Servicer Reporting Date the Servicer or any Substitute Servicer (as applicable) has not provided the Cash Administrator with the Servicer Report, and on the immediately succeeding Investor Reporting Date the Cash Administrator cannot calculate the amount of principal to be redeemed, the Issuer will not redeem the Notes on the relevant Payment Date.