Payment Date Certificate Sample Clauses
A Payment Date Certificate clause defines the requirement for a formal document that specifies the date on which a payment is due under an agreement. Typically, this certificate is issued by one party—often the lender or service provider—to the other, confirming the exact payment date and sometimes the amount owed. This process ensures both parties have clear, written notice of payment obligations, reducing the risk of disputes over timing and helping to maintain accurate financial records.
Payment Date Certificate. (a) On the second Business Day preceding each Payment Date prior to 11:00 a.m., New York City time, the Issuer shall cause the Servicer, to deliver to the Vehicle Trustee, the Indenture Trustee, the Owner Trustee and each Paying Agent hereunder or under the Trust Agreement, a certificate (the “Payment Date Certificate”) including, among other things, the following information with respect to such Payment Date and the related Collection Period and Accrual Period:
(i) SUBI Collections for such Collection Period and the amounts allocable to the interest represented by the 2014-1 SUBI Certificate;
(ii) Available Funds, including amounts with respect to each of items (i) through (iv) of the definition thereof;
(iii) the amount of interest accrued during such Accrual Period on each Class of the Notes;
(iv) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance and the Class A-4 Note Balance, in each case on the day immediately preceding such Payment Date;
(v) the aggregate amount of SUBI Collections deposited into the Note Distribution Account and the Certificate Distribution Account, respectively;
(vi) (A) the amount on deposit in the Reserve Fund and the Reserve Fund Requirement, each as of the beginning and end of the related Collection Period and as of the previous Payment Date, (B) the Reserve Fund Deposit Amount, if any, (C) the Reserve Fund Draw Amount, if any, (D) the balance on deposit in the Reserve Fund on such Payment Date after giving effect to withdrawals therefrom and deposits thereto in respect of such Payment Date and (E) the change in such balance from the immediately preceding Payment Date;
(vii) the Note Distribution Amount for each Class of the Notes, the Certificate Distribution Amount and the amount allocable to interest for each;
(viii) the First Priority Principal Distribution Amount and the Regular Principal Distribution Amount for each Class of the Notes;
(ix) the Note Factor for each Class of the Notes;
(x) the aggregate amount of Residual Value Losses for such Collection Period;
(xi) the amount of Sales Proceeds Advances and Monthly Payment Advances included in Available Funds;
(xii) any Payment Date Advance Reimbursement for such Accrual Period;
(xiii) amounts released to Certificateholders;
(xiv) the Servicing Fee for such Collection Period; and
(xv) the aggregate Daily Advance Reimbursements for such Collection Period. Each amount set forth pursuant to clauses (iii), (iv), (vii), (viii) and (xii) above ...
Payment Date Certificate. (a) Prior to 3:00 p.m., New York City time on the second Business Day preceding each Payment Date, the Issuer shall cause the Servicer, to deliver to the Indenture Trustee, the Owner Trustee and each Paying Agent hereunder or under the Trust Agreement, a certificate (the "Payment Date Certificate") including, among other things, the following information with respect to such Payment Date and the related Collection Period and Accrual Period:
(i) the amount of SUBI Collections allocable to the 2003-A SUBI Certificate;
(ii) Available Funds, including amounts with respect to each of items (i) through (iv) of the definition thereof;
(iii) the amount of interest accrued during such Accrual Period on each Class of the Notes;
(iv) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3a Note Balance, the Class-3b Balance, the Certificate Balance, in each case on the day immediately preceding such Payment Date;
Payment Date Certificate. No later than three Business Days prior to each Payment Date, a duly executed and completed Payment Date Certificate.