Administrator's Certificate. (a) On each Determination Date, the Administrator shall deliver to the Indenture Trustee and the Eligible Lender Trustee in writing the applicable Noteholders' Interest Distribution Amount, the Noteholders Principal Distribution Amount and all amounts to be paid to Certificateholders on the related Distribution Date. On each Determination Date relating to a Quarterly Distribution Date, the Administrator shall deliver to the Indenture Trustee and the Eligible Lender Trustee in writing the estimated Transaction Fees (separately and in the aggregate) for the three succeeding Collection Periods. Two Business Days prior to the 25th day of each month, the Administrator will advise the Indenture Trustee and the Eligible Lender Trustee in writing of the Consolidation Loan Fees for the preceding Collection Period. (b) On each Determination Date, the Administrator also shall deliver to the Eligible Lender Trustee, the Indenture Trustee and the Transferor (if the Transferor is not also the Administrator), an Administrator's Certificate containing all information necessary to make the distributions pursuant to Sections 5.5 and 5.6, if applicable, for the upcoming Distribution Date. Financed Student Loans to be repurchased by the Transferor (whether pursuant to Section 2.3 or 3.2), purchased by the Master Servicer or acquired by any Guarantor shall be identified by the Administrator by borrower social security number with respect to such Financed Student Loan (as specified in Schedule A-1 and Schedule A- 2). (c) On or before the 15th day of each month, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee and the Transferor (if the Transferor is not also the Administrator), the Administrator's Certificate substantially in the form of Exhibit C setting forth by component the Available Funds for the immediately preceding Collection Period.
Appears in 1 contract
Sources: Transfer and Servicing Agreement (PNC Student Loan Trust I)
Administrator's Certificate. (a) On each Distribution Determination Date, the Administrator shall deliver to the Indenture Trustee and the Eligible Lender Trustee in writing the applicable Noteholders' Interest Distribution Amount, the Noteholders Principal Distribution Amount and all amounts to be paid to Certificateholders on the related Distribution Date. On each Distribution Determination Date relating to a Quarterly Distribution Date, the Administrator also shall deliver to the Indenture Trustee and the Eligible Lender Trustee in writing the estimated Transaction Fees (separately and in the aggregate) for the three succeeding Collection Periodscalendar quarter in which such Quarterly Distribution Date occurs. Two Business Days prior to the 25th day of each month, the Administrator will advise the Indenture Trustee and the Eligible Lender Trustee in writing of the Consolidation Loan Fees for the preceding Collection Periodcalendar month.
(b) On each Distribution Determination Date, the Administrator also shall deliver to the Eligible Lender Trustee, the Indenture Trustee and the Transferor (if the Transferor is not also the Administrator), an Administrator's Certificate containing all information necessary to make the distributions pursuant to Sections 5.5 and 5.6, if applicable, for the upcoming Distribution Date. Financed Student Loans to be repurchased by the Transferor or purchased by the Master Servicer (whether pursuant to Section 2.3 or 3.22.3(b), purchased by the Master Servicer or acquired by any Guarantor shall be identified by the Administrator by borrower social security number with respect to such Financed Student Loan (as specified in Schedule A-1 and Schedule A- 2).
(c) On or before the 15th day of each month, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee and the Transferor (if the Transferor is not also the Administrator), the Administrator's Certificate substantially in the form of Exhibit C setting forth by component the Available Funds for the immediately preceding Collection Period.3.2 or
Appears in 1 contract
Sources: Transfer and Servicing Agreement (Crestar Bank /Va)
Administrator's Certificate. (a) On each Distribution Determination Date, the Administrator shall deliver to the Indenture Trustee and the Eligible Lender Trustee in writing the applicable Noteholders' Interest Distribution Amount, the Noteholders Principal Distribution Amount and all amounts to be paid to Certificateholders on the related Distribution Date. On each Distribution Determination Date relating to a Quarterly Distribution Date, the Administrator also shall deliver to the Indenture Trustee and the Eligible Lender Trustee in writing the estimated Transaction Fees (separately and in the aggregate) for the three succeeding Collection Periodscalendar quarter in which such Quarterly Distribution Date occurs. Two Business Days prior to the 25th day of each month, the Administrator will advise the Indenture Trustee and the Eligible Lender Trustee in writing of the Consolidation Loan Fees for the preceding Collection Periodcalendar month.
(b) On each Distribution Determination Date, the Administrator also shall deliver to the Eligible Lender Trustee, the Indenture Trustee and the Transferor (if the Transferor is not also the Administrator), an Administrator's Certificate containing all information necessary to make the distributions pursuant to Sections 5.5 and 5.6, if applicable, for the upcoming Distribution Date. Financed Student Loans to be repurchased by the Transferor or purchased by the Master Servicer (whether pursuant to Section 2.3 or 3.22.3(b), purchased by the Master Servicer 3.2 or 4.5), or acquired by any Guarantor or by the Department of HHS shall be identified by the Administrator by borrower social security number with respect to such Financed Student Loan (as specified in Schedule A-1 and Schedule A- 2A-1).
(c) On or before the 15th day of each monthDistribution Determination Date, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee and the Transferor (if the Transferor is not also the Administrator), the Administrator's Certificate substantially in the form of Exhibit C setting forth by component the Available Funds for the immediately preceding Collection PeriodPeriod (or the three preceding Collection Periods if the Class A Notes are no longer Outstanding).
Appears in 1 contract
Sources: Transfer and Servicing Agreement (Crestar Bank /Va)