RECONCILIATION OF COLLECTION ACCOUNT Sample Clauses

RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {38} Liquidation Proceeds collected during period (net of Fees) {38} {39} Purchase Amounts or amounts from Servicer deposited in Collection Account {39} {40} Investment Earnings - Collection Account {40} {41} From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal {41} {42} Collection of Supplemental Servicing - Extension Fees {42} {43} Collection of Supplemental Servicing - Repo and Recovery Fees Netted from Gross Liquidation Proceeds {43} {44} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {44} {45} Total Available Funds {45} Distributions: {46} Base Servicing Fee {46} {47} Repo and Recovery Fees - reimbursed to Servicer {47} {48} Bank Service Charges - reimbursed to Servicer {48} {49} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer {49} {50} Trustee and Trust Collateral Agent Fees {50} {51} Asset Representations Reviewer Fee {51} {52} Owner Trustee Fee {52} {53} Class A-1 Noteholders’ Interest Distributable Amount pari passu {53} {54} Class A-2A Noteholders’ Interest Distributable Amount pari passu {54} {55} Class A-2B Noteholders’ Interest Distributable Amount pari passu {55} {56} Class A-3 Noteholders’ Interest Distributable Amount pari passu {56} {57} Class A-4 Noteholders’ Interest Distributable Amount pari passu {57} {58} First Priority Principal Distribution Amount {58} {59} Class B Noteholders’ Interest Distributable Amount {59} {60} Second Priority Principal Distribution Amount {60} {61} Class C Noteholders’ Interest Distributable Amount {61} {62} Third Priority Principal Distribution Amount {62} {63} Class D Noteholders’ Interest Distributable Amount {63} {64} Fourth Priority Principal Distribution Amount {64} {65} To the Reserve Account, the Reserve Account Deposit Amount {65} {66} To the Noteholders, Noteholder’s Principal Distributable Amount (as calculated below) {66} {67} Add’l fees (Trustee, Asset Represtentations Reviewer, Owner Trustee, Trust Collateral Agent) {67} {68} To the Certificateholders, the aggregate amount remaining {68} CALCULATION OF PRIORITY PRINCIPAL DISTRIBUTION (X) (Y) Cumulative Adjusted Pool Excess of Priority Principal Class Note Balance Balance (X) - (Y) Distribution {70} First Priority {71} Second Priority {72} Third Priority {73} Fourth Priority {74} Total CALCULATION OF NOTEHOLDERS’ PRINCIPAL DISTRUBUTABLE AMOUNT {75} Excess Total Available Funds {75} {76} Beginning Note ...
Sample 1Sample 2See All (17)
AutoNDA by SimpleDocs
RECONCILIATION OF COLLECTION ACCOUNT. (A) Available Funds (Sect. 2.01(a))
Sample 1Sample 2Sample 3See All (8)
RECONCILIATION OF COLLECTION ACCOUNT. Availale Funds: {47} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {47} ___________ {48} Liquidation Proceeds collected during period {48} ___________ {49} Purchase Amounts or amounts from Servicer deposited in Collection Account {49} ___________ {50} Investment Earnings - Collection Account {50} ___________ {51} From Reserve Account - Investment Earnings, Reserve Account Withdrawal, Excess of Specified Reserve over Note Balance {51} ___________ {52} Collection of Supplemental Servicing - Extension Fees {52} ___________ {53} Collection of Supplemental Servicing - Repo and Recovery Fees Advanced {53} ___________ {54} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {54} ___________ {55} Total Available Funds {55} ___________ Distributions: {56} Base Servicing Fee {56} ___________ {57} Repo and Recovery Fees - reimbursed to Servicer {57} ___________ {58} Bank Service Charges - reimbursed to Servicer {58} ___________ {59} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer {59} ___________ {60} Agent fees {60} ___________ {61} Backup Servicing Fees {61} ___________ {62} Owner Trustee Fee {62} ___________ {63} Class A-1 Noteholders’ Interest Distributable Amount pari passu {63} ___________ {64} Class A-2 Noteholders’ Interest Distributable Amount pari passu {64} ___________ {65} Class A-3 Noteholders’ Interest Distributable Amount pari passu {65} ___________ {66} Class A Noteholders’ Principal Parity Amount or Matured Principal Shortfall {66} ___________ {67} Class B Noteholders’ Interest Distributable Amount {67} ___________ {68} Class B Noteholders’ Principal Parity Amount or Matured Principal Shortfall {68} ___________ {69} Class C Noteholders’ Interest Distributable Amount {69} ___________ {70} Class C Noteholders’ Principal Parity Amount or Matured Principal Shortfall {70} ___________ {71} Class D Noteholders’ Interest Distributable Amount {71} ___________ {72} Class D Noteholders’ Principal Parity Amount or Matured Principal Shortfall {72} ___________ {73} Class E Noteholders’ Interest Distributable Amount {73} ___________ {74} Class E Noteholders’ Principal Parity Amount or Matured Principal Shortfall {74} ___________ {75} Noteholders’ Principal Distributable Amount {75} ___________ {76} To the Reserve Account, the Reserve Account Deposit {76} ___________ {77} To the Noteholders, the Accelerated Principal Amount (as calculated below) {77} __________...
Sample 1See All (5)
RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {49} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {49} {50} Liquidation Proceeds collected during period {50} {51} Purchase Amounts deposited in Collection Account {51} {52} Investment Earnings - Collection Account {52} {53} Investment Earnings - Transfer From Reserve Account {53} {54} Collection of Supplemental Servicing - Extension Fees {54} {55} Collection of Supplemental Servicing - Repo and Recovery Fees Advanced {55} {56} Collection of Supplemental Servicing - Late Fees {56} {57} Total Available Funds {57} Distributions: {58} Base Servicing Fee {58} {59} Repo and Recovery Fees - reimbursed to Servicer {59} {60} Bank Service Charges - reimbursed to Servicer {60} {61} Late Fees - reimbursed to Servicer {61} {62} Extension Fees - reimbursed to Servicer {62} {63} Agent fees {63} {65} Class A-1 Noteholders’ Interest Distributable Amount {65}
Sample 1
RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: {47} Collections on Receivables during period (net of Liquidation Proceeds and Fees) {47} {48} Liquidation Proceeds collected during period {48} {49} Purchase Amounts or amounts from Servicer deposited in Collection Account {49} {50} Investment Earnings - Collection Account {50} {51} From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal {51} {52} Collection of Supplemental Servicing - Extension Fees {52} {53} Collection of Supplemental Servicing - Repo and Recovery Fees Advanced {53} {54} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance {54} {55} Total Available Funds {55} Distributions:
Sample 1Sample 2
RECONCILIATION OF COLLECTION ACCOUNT. Available Funds: Collections on Receivables during period (net of Liquidation Proceeds) Liquidation Proceeds collected during period Purchase Amounts deposited in Collection Account Investment Earnings - Collection Account Investment Earnings - Transfer From Reserve Account Collection of Supplemental Servicing - Extension Fees Collection of Supplemental Servicing - Repo and Recovery Fees Advanced Collection of Supplemental Servicing - Late Fees Total Available Funds
Sample 1
RECONCILIATION OF COLLECTION ACCOUNT. Available Funds {14} Total Principal Payments (including repurchased receivables + Reversal of Earned Finance Charges for Cash Option & EPNI Receivables) {14} {15} Recoveries {15} {16} Finance Charges (less reversal of Earned Financed Charges for Cash Option Receivables) {16} {17} Other amounts received {17} {18} Reserve Fund and Collection Account Interest {18} {19} Total Available Funds {19} Recoveries {20} Principal recoveries received (net of recovery expenses) {20} {21} RSA refunds received {21} {22} Sales tax refunds received {22} {23} Total Recoveries {23} Distributions {24} (i) Trustee fees and expenses (cap of $50,000 per annum for expenses and indemnities, unless the Notes have been accelerated) {24} {25} Receivables Trust Trustee fees and expenses (cap of $50,000 per annum for expenses and indemnities, unless the Notes have been accelerated) {25} {26} Back-Up Servicer fees and expenses (cap of $50,000 per annum for expenses and indemnities, unless the Notes have been accelerated) {26} {27} Servicer Transition Costs up to $115,000 {27} {28} Trustee, Receivable Trust Trustee and Back-Up Servicer Fees and Expenses {28} {29} (ii) Servicing Fee {29}
Sample 1
AutoNDA by SimpleDocs

Related to RECONCILIATION OF COLLECTION ACCOUNT

  • Establishment of Collection Account (a) The Servicer, on behalf of the Issuer and the Indenture Trustee, shall establish the Collection Account in the name of the Indenture Trustee for the benefit of the Securityholders. The Collection Account shall be an Eligible Deposit Account initially established with the Indenture Trustee and maintained with the Indenture Trustee. Except as otherwise provided in this Agreement, in the event that the Collection Account maintained with the Indenture Trustee is no longer an Eligible Deposit Account, then the Servicer shall, with the Indenture Trustee’s assistance, as necessary, use reasonable efforts to cause the Collection Account to be moved to an Eligible Institution within thirty days.

  • Withdrawals from the Collection Account and Distribution Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.03:

  • Deposits to Collection Account The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication), within one (1) Business Day after receipt thereof, into the Collection Account and retain therein in trust for the benefit of the Noteholders and the Securities Insurer:

  • Withdrawals from the Collection Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.01:

  • The Collection Account (a) The Trust Administrator shall establish and maintain in the name of the Notes Intermediary the Collection Account as provided in Section 5.07, which account shall be pledged to the Indenture Trustee for the benefit of the Noteholders.

  • Collection Account and Distribution Account (a) On behalf of the Trust Fund, the Servicer shall establish and maintain, or cause to be established and maintained, one or more accounts (each such account or accounts, a “Collection Account”), held in trust for the benefit of the Trustee and the Certificateholders. On behalf of the Trust Fund, the Servicer shall deposit or cause to be deposited in the related clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Servicer’s receipt thereof, and shall thereafter deposit in the Collection Account, in no event more than two Business Days after the deposit of good funds into the clearing account, as and when received or as otherwise required hereunder, the following payments and collections received or made by it subsequent to the related Cut-off Date (other than in respect of principal or interest on the Mortgage Loans due on or before the related Cut-off Date, or payments (other than Principal Prepayments) received by it on or prior to the related Cut-off Date but allocable to a Due Period subsequent thereto):

  • Collection Account (a) On behalf of the Trustee, the Servicer shall establish and maintain, or cause to be established and maintained, one or more Eligible Accounts (such account or accounts, the "Collection Account"), held in trust for the benefit of the Trustee. On behalf of the Trustee, the Servicer shall deposit or cause to be deposited in the clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Servicer's receipt thereof, and shall thereafter deposit in the Collection Account, in no event more than two Business Days after the deposit of such funds into the clearing account, as and when received or as otherwise required hereunder, the following payments and collections received or made by it subsequent to the Cut-off Date (other than in respect of principal or interest on the related Mortgage Loans due on or before the Cut-off Date), or payments (other than Principal Prepayments) received by it on or prior to the Cut-off Date but allocable to a Due Period subsequent thereto:

  • Collection of Mortgage Loan Payments; Certificate Account; Distribution Account (a) The Master Servicer shall make reasonable efforts in accordance with the customary and usual standards of practice of prudent mortgage servicers to collect all payments called for under the terms and provisions of the Mortgage Loans to the extent such procedures shall be consistent with this Agreement and the terms and provisions of any related Required Insurance Policy. Consistent with the foregoing, the Master Servicer may in its discretion (i) waive any late payment charge or any prepayment charge or penalty interest in connection with the prepayment of a Mortgage Loan and (ii) extend the due dates for payments due on a Mortgage Note for a period not greater than 180 days; provided, however, that the Master Servicer cannot extend the maturity of any such Mortgage Loan past the date on which the final payment is due on the latest maturing Mortgage Loan as of the Cut-off Date. In the event of any such arrangement, the Master Servicer shall make Advances on the related Mortgage Loan in accordance with the provisions of Section 4.1 during the scheduled period in accordance with the amortization schedule of such Mortgage Loan without modification thereof by reason of such arrangements. The Master Servicer shall not be required to institute or join in litigation with respect to collection of any payment (whether under a Mortgage, Mortgage Note or otherwise or against any public or governmental authority with respect to a taking or condemnation) if it reasonably believes that enforcing the provision of the Mortgage or other instrument pursuant to which such payment is required is prohibited by applicable law.

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

  • Collection Accounts Section 3.11 Withdrawals from the Collection Accounts..................... Section 3.12 Investment of Funds in the Collection Accounts and the Distribution Account......................................... Section 3.13 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........................................ Section 3.14 Enforcement of Due-on-Sale Clauses; Assumption Agreements.... Section 3.15

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