Common use of Payment Date Accounting Clause in Contracts

Payment Date Accounting. The Issuer shall cause the Collateral Administrator to render the Payment Date Report, signed by the Issuer, determined as of the related Determination Date, and made available on the Trustee’s website or delivered to the Trustee (who shall deliver such Payment Date Report to any Certifying Person, each of the Rating Agencies, the Initial Purchaser and the Asset Manager) not later than the related Payment Date commencing on the first Payment Date after the Closing Date. If the distributions to be made on any Payment Date (including any Liquidation Payment Date) would cause the remaining Pledged Obligations (other than Unsaleable Assets) to be less than the amount of Dissolution Expenses, the Trustee will notify the Issuer at least five Business Days before such Payment Date (or as promptly as practicable after the Trustee has received notice of such Dissolution Expenses from the Asset Manager, if notice is received thereafter).

Payment Date Accounting. The Issuer shall cause the Collateral Administrator to render the Payment Date Report, signed by the Issuer, determined as of the related Determination Date, and made available on the Collateral Trustee’s 's website or delivered to the Collateral Trustee (who shall deliver such Payment Date Report to any Certifying Person, each of the Rating AgenciesAgency, the Initial Purchaser Placement Agent and the Asset Manager) not later than the related Payment Date commencing on the first Payment Date after the Closing Date. If the distributions to be made on any Payment Date (including any Liquidation Payment Date) would cause the remaining Pledged Obligations (other than Unsaleable Assets) to be less than the amount of Dissolution Expenses, the Collateral Trustee will notify the Issuer at least five Business Days before such Payment Date (or as promptly as practicable after the Collateral Trustee has received notice of such Dissolution Expenses from the Asset Manager, if notice is received thereafter).

Payment Date Accounting. The Issuer shall cause the Collateral Administrator to render the Payment Date Report, signed by the Issuer, determined as of the related Determination Date, and made available on the Trustee’s 's website or delivered to the Trustee (who shall deliver such Payment Date Report to any Certifying Person, each of the Rating Agencies, the Initial Purchaser and the Asset Manager) not later than the related Payment Date commencing on the first Payment Date after the Closing Date. If the distributions to be made on any Payment Date (including any Liquidation Payment Date) would cause the remaining Pledged Obligations (other than Unsaleable Assets) to be less than the amount of Dissolution Expenses, the Trustee will notify the Issuer at least five Business Days before such Payment Date (or as promptly as practicable after the Trustee has received notice of such Dissolution Expenses from the Asset Manager, if notice is received thereafter).