Common use of Monthly Reconciliation Clause in Contracts

Monthly Reconciliation. (a) Except as set forth in Section 7.07(b), on each Business Day during each Due Period that Principal Collections are received in the Principal Collection Account with respect to any Loan in the Loan Pool, the Servicer will determine the Outstanding Loan Balance and the principal amount of the portion of such Loan not owned by the Issuer (if any) with respect to such Loan.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

AutoNDA by SimpleDocs

Monthly Reconciliation. (a) Except as set forth in Section 7.07(b), on each Business Day during each Due Period that Principal Collections are received in the Principal Collection Account with respect to any Loan in the Loan Pool, the Servicer will determine the Outstanding Loan Balance and the principal amount of the portion of such Loan not owned by the Issuer (if any) with respect to such Loan.. 124

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

AutoNDA by SimpleDocs

Monthly Reconciliation. (a) Except as set forth in Section 7.07(b), on each Business Day during each Due Period that Principal Collections are received in the Principal Collection Account with respect to any Loan in the Loan Pool, the Servicer will determine the Outstanding Loan Balance and the principal amount of the portion of such Loan not owned by the Issuer (if any) with respect to such Loan.. 105

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.