Common use of Reports to the Trustee; Collection Account Statements Clause in Contracts

Reports to the Trustee; Collection Account Statements. (a) The Servicer shall deliver to the Paying Agent, with a copy to the Trustee, the Fiscal Agent and each Rating Agency, no later than the ____ Business Day following each Determination Date, but in any event no later than the ______ Business Day prior to the related Distribution Date, (i) the Servicer Remittance Report with respect to such Determination Date (which shall include, without limitation, the amount of Pooled Available Funds for the related Distribution Date) and (ii) a written statement of required P&I Advances for the related Determination Date together with the certificate and documentation required by the definition of Nonrecoverable Advance related to any determination that any such P&I Advance would constitute a Nonrecoverable Advance made as of such Determination Date.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp), Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp), Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)

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Reports to the Trustee; Collection Account Statements. (a) The Servicer shall deliver to the Paying Agent, with a copy to the Trustee, the Fiscal Agent and each Rating Agency, no later than the ____ third Business Day following each Determination Date, but in any event no later than the ______ third Business Day prior to the related Distribution Date, (i) the Servicer Remittance Report with respect to such Determination Date (which shall include, without limitation, the amount of Pooled Available Funds for the related Distribution Date) and (ii) a written statement of required P&I Advances for the related Determination Date together with the certificate and documentation required by the definition of Nonrecoverable Advance related to any determination that any such P&I Advance would constitute a Nonrecoverable Advance made as of such Determination Date.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Midland Realty Accept Corp Com Mort Pass THR Cert Se 1996 C2), Pooling and Servicing Agreement (Midland Realty Accept Corp Com Mort Pass THR Cert Se 1996-C1)

Reports to the Trustee; Collection Account Statements. (a) The Master Servicer shall deliver to the Paying Agent, with a copy to the Trustee, the Fiscal Agent and each Rating Agency, no later than the ____ third Business Day following each Determination Date, but in any event no later than the ______ third Business Day prior to the related Distribution Date, (i) the Master Servicer Remittance Report with respect to such Determination Date (which shall include, without limitation, the amount of Pooled Available Funds for the related Distribution Date) and (ii) a written statement of required P&I Advances for the related Determination Date together with the certificate and documentation required by the definition of Nonrecoverable Advance related to any determination that any such P&I Advance would constitute a Nonrecoverable Advance made as of such Determination Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Commercial Mortgage Acceptance Corp)

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Reports to the Trustee; Collection Account Statements. (a) The Servicer shall deliver to the Paying Agent, with a copy to the Trustee, [the Fiscal Agent Agent] and each Rating Agency, no later than the ____ third Business Day following each Determination Date, but in any event no later than the ______ third Business Day prior to the related Distribution Date, (i) the Servicer Remittance Report with respect to such Determination Date (which shall include, without limitation, the amount of Pooled Available Funds for the related Distribution Date) and (ii) a written statement of required P&I Advances for the related Determination Date together with the certificate and documentation required by the definition of Nonrecoverable Advance related to any determination that any such P&I Advance would constitute a Nonrecoverable Advance made as of such Determination Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Commercial Mortgage Acceptance Corp)

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