Common use of Preparation of Funding Report Clause in Contracts

Preparation of Funding Report. The Servicer, together with the Certificate Funding Administrator, shall review the diskette or electronic transfer specified in clause (a)(i) above and prepare a Funding Report from the information provided in such diskette or electronic transfer, any other information regarding all other Lease Contracts in the possession of the Servicer and the Certificate Funding Administrator and the information used to generate the Monthly Servicer's Report. No later than 10:00 a.m. (New York time) on the third Business Day immediately preceding a proposed Funding Date, the Certificate Funding Administrator shall fax the Funding Report, and the amount of the Funding to be funded by Certificateholders, to the Transferor and the Transferor shall thereupon execute such Funding Report and fax it to MBIA and the Trustee no later than 11:00 a.m. (New York time) on such date of receipt. In the Funding Report, the Servicer shall calculate the First Period Interest on the related Funding Amount. The Servicer shall forward to MBIA by overnight mail or electronic transfer, for receipt by MBIA on the related Funding Date, a diskette or other electronic file, containing, in a standardized format, the same information that was delivered by the Transferor pursuant to clause (a)(i) above.

Preparation of Funding Report. The Servicer, together with the Certificate Funding Administrator, shall review the such diskette or electronic transfer specified in clause (a)(ia)(ii) above and prepare a Funding Report from the information provided in such diskette or electronic transfer, any other the existing information regarding all other Lease Contracts in the possession of the Servicer and the Certificate Funding Administrator and the existing information used to generate the Monthly Servicer's Report. No later than 10:00 a.m. (New York time) on the third each Business Day immediately preceding a proposed Funding Date, the Certificate Funding Administrator shall fax the Funding Report, and the amount of the Funding to be funded by Certificateholders, to the Transferor and the Transferor shall thereupon execute such Funding Report report and fax it to MBIA and the Trustee no later than 11:00 a.m. (New York time) on such date of receipt. In the Funding Report, the Servicer shall calculate the First Period Interest on the related Funding Amount. The Servicer shall forward to MBIA by overnight mail or electronic transfer, for receipt by MBIA on the related Funding Date, a diskette or other electronic file, containing, in a standardized format, the same information that was delivered by the Transferor pursuant to clause (a)(ia)(ii) above.