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.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Contisecurities Asset Funding Corp), Pooling and Servicing Agreement (Contisecurities Asset Funding Corp), Pooling and Servicing Agreement (Contimortgage Home Equity Trust 1999-1)
