Distributions; Accounts; Statements to Certificateholders Sample Clauses

Distributions; Accounts; Statements to Certificateholders. SECTION 4.1. Accounts; Lock-Box Account...................................................54 SECTION 4.2. Collections..................................................................56 SECTION 4.3. Application of Collections...................................................56 SECTION 4.4. Payaheads....................................................................57 SECTION 4.5. Additional Deposits..........................................................57 SECTION 4.6. Distributions; Policy Claims.................................................58 SECTION 4.7. [Reserved]...................................................................62 SECTION 4.8. Statements to Certificateholders; Tax Returns................................62 SECTION 4.9. [Reserved]...................................................................65 SECTION 4.10. Reliance on Information from the Servicer...................................65 SECTION 4.11. Optional Deposits by the Certificate Insurer................................65 SECTION 4.12. Spread Account..............................................................65 SECTION 4.13. Policy......................................................................65 SECTION 4.14. Withdrawals from Spread Account.............................................65 SECTION 4.15. Claims Under Policy.........................................................66 SECTION 4.16. Preference Claims; Direction of Proceedings.................................67 SECTION 4.17. Surrender of Policy.........................................................68 SECTION 4.18. Simple Interest Advances....................................................68 SECTION 4.19. Pre-Funding Account.........................................................69 SECTION 4.20. Capitalized Interest Account................................................69
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Distributions; Accounts; Statements to Certificateholders. SECTION 4.1. ACCOUNTS; LOCK-BOX ACCOUNT. xi) The Servicer has established the Lock-Box Account as two Eligible Accounts, one established with the Trustee entitled "Long Beach Acceptance Corp., Chase Bank of Texas Agent Account -- Auto Loan Programs," account number 00100916395, and one established with Bank of America National Trust and Savings Association entitled "Long Beach Acceptance Corp., Chase Bank of Texas Agent Account -- Auto Loan Programs," account number 14572-02900; PROVIDED, that the Servicer, with the prior written consent of the Certificate Insurer, may from time to time (a) establish additional or substitute Lock-Box Accounts, each of which shall be an Eligible Account, and (b) close or terminate the use of any of the aforementioned accounts or any subsequently established accounts, each of which accounts, at such time, shall no longer be deemed to be a Lock-Box Account; PROVIDED, FURTHER, that pursuant to the Lock-Box Agreement, the Lock-Box Processor and no other person, save the Trustee or the Servicer, has authority to direct disposition of funds related to the Receivables on deposit in the Lock-Box Account consistent with the provisions of this Agreement and the Lock-Box Agreement. The Trustee shall have no liability or responsibility with respect to the Lock-Box Processor's or the Servicer's directions or activities as set forth in the preceding sentence. The Lock-Box Account shall be established pursuant to and maintained in accordance with the Lock-Box Agreement and shall be a demand deposit account which shall at all times be an Eligible Account, initially established and maintained with Chase Texas or, at the request of the Certificate Insurer, an Eligible Account satisfying clause (i) of the definition thereof. The Servicer has established and shall maintain the Lock-Box at a United States Post Office Branch. Notwithstanding the Lock-Box Agreement or any of the provisions of this Agreement relating to the Lock-Box and the Lock-Box Agreement, the Servicer shall remain obligated and liable to the Trustee and the Certificateholders for servicing and administering the Receivables and the other Trust Assets in accordance with provisions of this Agreement without diminution of such obligation or liability by virtue thereof. In the event the Servicer shall for any reason no longer be acting as such, the Lock-Box Agreement shall terminate in accordance with its terms and funds on deposit in the Lock-Box Account shall be distributed by C...
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Distributions; Accounts; Statements to Certificateholders. SECTION 4.1. Accounts; Lock-Box Account...........................................................51 SECTION 4.2. Collections..........................................................................53 SECTION 4.3. Application of Collections...........................................................53 SECTION 4.4. Payaheads 54 SECTION 4.5.
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Distributions; Accounts; Statements to Certificateholders. Section 5.01. Accounts . . . . . . . . . . . . . . . 35 Section 5.02. Collections. . . . . . . . . . . . . . . . 36 Section 5.03. Application of Collections. . . . . . . . . . 36 Section 5.04. Miscellaneous Servicer Collections . . . . . . 36 Section 5.05. Additional Deposits. . . . . . . . . . . . . .36 Section 5.06. Distributions. . . . . . . . . . . . . . . . .37 Section 5.07. Reserve Fund . . . . . . . . . . . . . . . . .39 Section 5.08. Funding Account. . . . . . . . . . . . . . . .39 Section 5.09. Statements to Certificateholders; Tax Returns. 39 Section 5.10. Reliance on Information from the Servicer. . . 43
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Distributions; Accounts; Statements to Certificateholders. Section 5.01. Accounts . . . . . . . 35 Section 5.02. Collections. . . . . . 36 Section 5.03. Application of Collections. . . . . . . . . . . 36 Section 5.04. Miscellaneous Servicer Collections . . . . . . 36 Section 5.05. Additional Deposits. . 36 Section 5.06. Distributions. . . . . 37 Section 5.07.
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Distributions; Accounts; Statements to Certificateholders 
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Related to Distributions; Accounts; Statements to Certificateholders

  • Distributions Statements to Certificateholders 29 Section 4.01. Certificate Account and Special Payments Account...................................... 29 Section 4.02. Distributions from Certificate Account and Special Payments Account................... 29 Section 4.03. Statements to Certificateholders...................................................... 31 Section 4.04. Investment of Special Payment Moneys.................................................. 32

  • Monthly Statements to Certificateholders (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor and each Rating Agency a statement setting forth with respect to the related distribution:

  • Distributions to Certificateholders (a) The Trustee shall establish and maintain a separate account as set forth in Article I (the "Certificate Account"), the purpose of which is to accept deposits from the Servicer and to make distributions to the Certificateholders of the amounts set forth in this Section 4.1.

  • Statements to Certificateholders Section 5.05 Tax Returns and Reports to Certificateholders................ Section 5.06

  • Payments to Certificateholders 68 Section 4.01. Certificate Account..................................................68 Section 4.02. Distributions........................................................68 Section 4.03. Statements to Certificateholders; Statements to Rating Agencies; Exchange Act Reporting............................................68 Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer.............................................70

  • Trust Accounts Distributions Statements to Noteholders SECTION 5.1.

  • PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS Section 5.01 Distributions..............................................................................70 Section 5.02 Monthly Advances; Servicing Advances.......................................................74 Section 5.03 Statements to Certificateholders...........................................................75 Section 5.04

  • Payments and Statements to Certificateholders Remic Administration Section 5.01 Distributions On each Distribution Date, based solely on the information in the Servicer's Certificate, the Trustee shall distribute out of the Certificate Account (to the extent funds are available therein) to each Certificateholder of record on the related Record Date (other than as provided in Section 10.01 respecting the final distribution) (a) by check mailed to such Certificateholder entitled to receive a distribution on such Distribution Date at the address appearing in the Certificate Register, or (b) upon written request by the Holder of a Regular Certificate or a Class A-PO Certificate, by wire transfer or by such other means of payment as such Certificateholder and the Trustee shall agree upon, such Certificateholder's Percentage Interest in the amount to which the related Class of Certificates is entitled in accordance with the priorities set forth below in Section 5.02; provided, however, that distributions of principal to the Special Retail Certificates shall be made as described in Section 5.09. Notwithstanding the foregoing, the distribution to the Holders of the Class SES Certificates shall be reduced by the amount of the Class SES Compensating Interest for such Distribution Date. None of the Holders of any Class of Certificates, the Depositor, the Servicer or the Trustee shall in any way be responsible or liable to Holders of any Class of Certificates in respect of amounts properly previously distributed on any such Class. Amounts distributed with respect to any Class of Certificates (other than any Ancillary Income distributed with respect to the Class SES Certificates) shall be applied first to the distribution of interest thereon and then to principal thereon.

  • Reports to Certificateholders (a) On each Distribution Date, the Trustee shall prepare (based solely on information provided by the Master Servicer) and shall make available to each Certificateholder and each Rating Agency a written report setting forth the following information (on the basis of Mortgage Loan level information obtained from the Servicers and the Master Servicer):

  • Statements to Certificateholders and Noteholders (a) On each Determination Date the Servicer shall provide to the Indenture Trustee (with a copy to the Rating Agencies), for the Indenture Trustee to make available to each Noteholder of record, and, if NH Credit or an Affiliate is not the Servicer or the Depositor is not the sole Certificateholder, to the Indenture Trustee (if the Indenture Trustee is responsible on the related Payment Date to make the payment required under Section 5.2(a) of the Trust Agreement) or the Trustee (if the Trustee is responsible on the related Payment Date to make the payment required under Section 5.2(a) of the Trust Agreement), for the Indenture Trustee or Trustee, as applicable, to forward to each Certificateholder of record, a statement substantially in the form of Exhibit C, setting forth at least the following information as to each Class of the Notes and the Certificates to the extent applicable:

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