Accounting and Directions by Trustee. By 12:00 noon New York time, on each Distribution Date (or such earlier period as shall be agreed by the Seller and the Trustee), the Trustee shall notify (subject to the terms of Section 10.03(j) hereof, based solely on information provided to the Trustee by the Servicer and upon which the Trustee may conclusively rely) the Seller, the Depositor, each Owner and the Certificate Insurer, of the following information with respect to such Distribution Date (which notification may be given by facsimile, or by telephone promptly confirmed in writing):
Accounting and Directions by Trustee. (a) Trustee shall determine whether an Insured Payment will be required to be made by the Certificate Insurer on the following Payment Date and if so then no later than 12:00 noon on the second Business Day immediately preceding the related Payment Date the Trustee shall furnish the Certificate Insurer and the Depositor with a completed Notice in the form set forth as Exhibit A to the Certificate Insurance Policy Agreement. The Notice shall specify the amount of the Insured Payment and shall constitute a claim for an Insured Payment pursuant to the Certificate Insurance Policy.
Accounting and Directions by Trustee. (a) On or before the Business Day preceding each Payment Date, the Trustee shall notify (subject to the terms of Section 10.03(j) hereof) the Depositor and the Seller of the following information with respect to such Payment Date (which notification may be given by facsimile, or by telephone promptly confirmed in writing):
Accounting and Directions by Trustee. On the second Business Day prior to each Distribution Date occurring on or prior to the later to occur of the Class A-1 Certificate Termination Date, Class A-2 Certificate Termination Date, Class A-3 Certificate Termination Date, Class A-4 Certificate Termination Date, Class A-5 Certificate Termination Date and the Class A-6 Certificate Termination Date, the Trustee shall determine, no later than 12:00 noon New York time on such date, whether an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date. If the Trustee determines that an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date then no later than 12:00 noon on the second Business Day immediately preceding the related Distribution Date the Trustee shall furnish the Certificate Insurer and the Depositor with a completed Notice in the form set forth as Exhibit A to the applicable Certificate Insurance Policy. The Notice shall specify the amount of Insured Payment and shall constitute a claim for an Insured Payment pursuant to such Certificate Insurance Policy.
Accounting and Directions by Trustee. (a) The Trustee shall determine whether an Insured Payment will be required to be made by the Certificate Insurer on the following Payment Date and if so then no later than 12:00 noon on the second Business Day immediately preceding the related Payment Date the Trustee shall furnish the Certificate Insurer and the Depositor with a completed Notice in the form set forth as Exhibit A to the Certificate Insurance Policy Agreement. The Notice shall specify the amount of Insured Payment and shall constitute a claim for an Insured Payment pursuant to the Certificate Insurance Policy. Each month for so long as a Class of Auction Rate Certificates is Outstanding, not later than 12:00 noon New York time on the Auction Reporting Date, the Servicer shall deliver to the Certificate Insurer and the Trustee, by telecopy, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof to be delivered on the Business Day following the Determination Date, a certificate signed by a Servicing Officer stating the date (day, month and year), the Series number of the Certificates, the date of this Agreement, and the amount to be distributed on the upcoming Remittance Date to each Class of Auction Rate Certificates as a payment of principal.
Accounting and Directions by Trustee. (a) On the Business Day after each Monthly Remittance Date occurring on or prior to the last to occur of the Class A-5 Certificate Termination Date and the Class A-6 Certificate Termination Date, the Trustee shall determine, no later than 12:00 noon on such Determination Date, whether an Insured Payment will be required to be made by the Certificate Insurer on the following Payment Date. If the Trustee determines that an Insured Payment will be required to be made by the Certificate Insurer on the following Payment Date then no later than 12:00 noon on the second Business Day immediately preceding the related Payment Date the Trustee shall furnish the Certificate Insurer and the Depositor with a completed Notice in the form set forth as Exhibit A to the Insurance Agreement. The Notice shall specify the amount of Insured Payment and shall constitute a claim for an Insured Payment pursuant to the Certificate Insurance Policy.
Accounting and Directions by Trustee. (a) Not later than the later of (i) 5:00 p.m. (New York City time) on the second Business Day after the Trustee's receipt of the Monthly Servicing Report and (ii) the related Monthly Remittance Date, the Trustee shall determine whether an Insured Payment will be required to be made by the Certificate Insurer on the following Payment Date; provided that the Trustee agrees to use its best efforts to provide such notice earlier than such second Business Day. If the Trustee determines that an Insured Payment will be required to be made by the Certificate Insurer on the following Payment Date, then no later than 5:00 p.m. (New York City time) on the date of such determination the Trustee shall furnish the Certificate Insurer and the Depositor with a completed Notice in the form set forth as Exhibit J hereto. The Notice shall specify the amount of Insured Payment and shall constitute a claim for an Insured Payment pursuant to the related Certificate Insurance Policy.
Accounting and Directions by Trustee. By noon New York time, on each Deposit Date (or such earlier date as shall be agreed by the Servicer and the Trustee), the Trustee shall, based on information provided to the Trustee by the Servicer, notify the Depositor and each Holder of the following information with respect to the next Distribution Date (which notification may be given by facsimile, or by telephone promptly confirmed in writing):
Accounting and Directions by Trustee. On the third Business Day prior to each Distribution Date occurring on or prior to the later to occur of the Class A-1 Certificate Termination Date, Class A-2 Certificate Termination Date, Class A-3 Certificate Termination Date and Class A-4 Certificate Termination Date, the Trustee shall determine, no later than 12:00 noon New York time on such date, whether an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date. If the Trustee determines that an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date then no later than 12:00 noon on the third Business Day immediately preceding the related Distribution Date the Trustee shall furnish the Certificate Insurer and the Depositor with a completed Notice in the form set forth as Exhibit A to the applicable Certificate Insurance Policy. The Notice shall specify the amount of Insured Payment and shall constitute a claim for an Insured Payment pursuant to such Certificate Insurance Policy.
Accounting and Directions by Trustee. On the third Business Day prior to each Distribution Date occurring on or prior to the later to occur of the Class A-1 Certificate Termination Date and the Class A-2 Certificate Termination Date, the Trustee shall determine, no later than 12:00 noon New York time on such date, whether an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date. If the Trustee determines that an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date then no later than 12:00 noon on the third Business Day immediately preceding the related Distribution Date the Trustee shall furnish the Certificate Insurer and the Depositor with a completed Notice in the form set forth as Exhibit A to the applicable Certificate Insurance Policy. The Notice shall specify the amount of Insured Payment and shall constitute a claim for an Insured Payment pursuant to such Certificate Insurance Policy.
