Common use of Account Balance Statements Clause in Contracts

Account Balance Statements. Each Depositary Bank shall, on a monthly basis not less than ten (10) days prior to the 15th day of each calendar month and at such other times as the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust or the Authority may from time to time reasonably request, provide to the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust, the Servicer, or the Authority, as applicable, fund balance statements in respect of each of the Accounts, subaccounts and amounts segregated in any of the Accounts; provided that, notwithstanding the foregoing, if requested by the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust, the Servicer, or the Authority, the applicable Depositary Bank shall provide the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust, the Servicer or the Authority, as applicable, with internet access to fund balance statements, and account activity summaries. Such balance statements shall also include deposits, withdrawals, and transfers from and to any Account and subaccounts and the net investment income or gain received and collected in such Account and subaccounts. Each Depositary Bank shall retain records of all receipts, disbursements, and investments of funds with respect to the Accounts until the third (3rd) anniversary of the Termination Date. Within thirty (30) days after the end of each calendar year, each Depositary Bank shall furnish to the Collateral Agent, with copies to the Authority, the Servicer and the Trust, a written statement setting forth in reasonable detail the account balance, receipts, disbursements, transfers, and investment transactions with respect to each of the Accounts and subaccounts during such calendar year. Each Depositary Bank, upon reasonable request, shall promptly notify the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust, the Servicer and the Authority of its receipt and the amount of any funds received from any Person that are, or are required hereunder to be, deposited into any Account or subaccount, specifying the Account or subaccount into which such funds have been deposited.

Account Balance Statements. Each Depositary Bank shall, on a monthly basis not less than ten (10) days prior to the 15th day of each calendar month and at such other times as the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust or the Authority may from time to time reasonably request, provide to the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust, the Servicer, Trust or the Authority, as applicable, fund balance statements in respect of each of the Accounts, subaccounts and amounts segregated in any of the Accounts; provided that, notwithstanding the foregoing, if requested by the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust, the Servicer, Trust or the Authority, the applicable Depositary Bank shall provide the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust, Trust and the Servicer or the Authority, as applicable, Authority with internet access to fund balance statements, and account activity summaries. Such balance statements shall also include deposits, withdrawals, and transfers from and to any Account and subaccounts and the net investment income or gain received and collected in such Account and subaccounts. Each Depositary Bank shall retain records of all receipts, disbursements, and investments of funds with respect to the Accounts until the third (3rd) anniversary of the Termination Date. Within thirty (30) days after the end of each calendar year, each Depositary Bank shall furnish to the Collateral Agent, with copies to the Authority, the Servicer Authority and the Trust, a written statement setting forth in reasonable detail the account balance, receipts, disbursements, transfers, and investment transactions with respect to each of the Accounts and subaccounts during such calendar year. Each Depositary Bank, upon reasonable request, shall promptly notify the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust, the Servicer Trust and the Authority of its receipt and the amount of any funds received from any Person that are, or are required hereunder to be, deposited into any Account or subaccount, specifying the Account or subaccount into which such funds have been deposited.

Account Balance Statements. Each Depositary Bank shall, on a monthly basis not less than ten (10) days prior to the 15th day of each calendar month and at such other times as the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust or the Authority may from time to time reasonably request, provide to the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust, the Servicer, Trust or the Authority, as applicable, fund balance statements in respect of each of the Accounts, subaccounts and amounts segregated in any of the Accounts; provided that, notwithstanding the foregoing, if requested by the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust, the Servicer, Trust or the Authority, the applicable Depositary Bank shall provide the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust, Trust and the Servicer or the Authority, as applicable, Authority with internet access to fund balance statements, statements and account activity summaries. Such balance statements shall also include deposits, withdrawals, withdrawals and transfers from and to any Account and subaccounts and the net investment income or gain received and collected in such Account and subaccounts. Each Depositary Bank shall retain records of all receipts, disbursements, disbursements and investments of funds with respect to the Accounts until the third (3rd) anniversary of the Termination Date. Within thirty (30) days after the end of each calendar year, each Depositary Bank shall furnish to the Collateral Agent, with copies to the Authority, the Servicer Authority and the Trust, a written statement setting forth in reasonable detail the account balance, receipts, disbursements, transfers, transfers and investment transactions with respect to each of the Accounts and subaccounts during such calendar year. Each Depositary Bank, upon reasonable request, shall promptly notify the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust, the Servicer Trust and the Authority of its receipt and the amount of any funds received from any Person that are, or are required hereunder to be, deposited into any Account or subaccount, specifying the Account or subaccount into which such funds have been deposited.

Account Balance Statements. Each Depositary Bank shall, on a monthly basis not less than ten (10) days prior to the 15th day of each calendar month and at such other times as the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust or the Authority may from time to time reasonably request, provide to the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust, the Servicer, or the Authority, as applicable, fund balance statements in respect of each of the Accounts, subaccounts and amounts segregated in any of the Accounts; provided that, notwithstanding the foregoing, if requested by the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust, the Servicer, or the Authority, the applicable Depositary Bank shall provide the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust[ and], the Servicer or the Authority, as applicable, with internet access to fund balance statements, and account activity summaries. Such balance statements shall also include deposits, withdrawals, and transfers from and to any Account and subaccounts and the net investment income or gain received and collected in such Account and subaccounts. Each Depositary Bank shall retain records of all receipts, disbursements, and investments of funds with respect to the Accounts until the third (3rd) anniversary of the Termination Date. Within thirty (30) days after the end of each calendar year, each Depositary Bank shall furnish to the Collateral Agent, with copies to the Authority, the Servicer and the Trust, a written statement setting forth in reasonable detail the account balance, receipts, disbursements, transfers, and investment transactions with respect to each of the Accounts and subaccounts during such calendar year. Each Depositary Bank, upon reasonable request, shall promptly notify the Collateral Agent, any depositary bank under the Deposit and Disbursement Agreement, the Trust, the Servicer and the Authority of its receipt and the amount of any funds received from any Person that are, or are required hereunder to be, deposited into any Account or subaccount, specifying the Account or subaccount into which such funds have been deposited.