Common use of Settlement Statements Clause in Contracts

Settlement Statements. The Seller shall, or shall cause the Servicer to, submit to the Buyer not less than two (2) Business Days prior to each Settlement Date, a Settlement Statement signed by a Responsible Officer dated as of such Settlement Date and including information in respect of the Receivables Pool as of the last day of the Accounting Period most recently completed. The execution and delivery of any Settlement Statement shall constitute a representation and warranty by the Seller and the Servicer that the information contained therein is true and correct as of the date thereof. Such Settlement Statement shall be accompanied by such other information as the Buyer may reasonably request. Subject to the terms and conditions of this Agreement, if the Seller requests on a Settlement Statement that the Net Investment be increased to an amount in excess of the Net Investment as of the immediately preceding Settlement Date, the Buyer shall make available to the Seller at its Office, or such other place as the Seller has notified to the Buyer, on the next succeeding Settlement Date, the amount of such increase in the Net Investment; provided, that such increase in the Net Investment shall not cause the Net Investment to exceed the Maximum Net Investment then in effect. The Seller may request a reduction in the Net Investment in accordance with Section 2.03(b).

Settlement Statements. The Seller shall, or shall cause the Servicer to, submit to the Buyer not less than two (2) Business Days prior to each Settlement Date, a Settlement Statement signed by a Responsible Officer dated as of such Settlement Date and including information in respect of the Receivables Pool as of the last day of the Accounting Period most recently completed. The execution and delivery of any Settlement Statement shall constitute a representation and warranty by the Seller and the Servicer that the information contained therein is true and correct as of the date thereof. Such Settlement Statement shall be accompanied by such other information as the Buyer may reasonably request. Subject to the terms and conditions of this Agreement, if the Seller requests on a Settlement Statement relating to a Settlement Period then ending that the Net Investment be increased to an amount in excess of the Net Investment as of the Settlement Date relating to the immediately preceding Settlement DatePeriod, the Buyer shall make available to the Seller at its the Seller's Office, or such other place as the Seller has notified to the Buyer, on the next succeeding Settlement DateDate relating to the Settlement Period then ending, the amount of such increase in the Net Investment; provided, that such increase in the Net Investment shall not cause the Net Investment to exceed the Maximum Net Investment then in effect. The Seller may request a reduction in the Net Investment in accordance with Section 2.03(b).

Settlement Statements. The Seller shall, or shall cause the --------------------- Servicer to, submit to the Buyer not less than two (2) Business Days prior to each Settlement Date, a Settlement Statement signed by a Responsible Officer dated as of such Settlement Date and including information in respect of the Receivables Pool as of the last day of the Accounting Period most recently completed. The execution and delivery of any Settlement Statement shall constitute a representation and warranty by the Seller and the Servicer that the information contained therein is true and correct as of the date thereof. Such Settlement Statement shall be accompanied by such other information as the Buyer may reasonably request. Subject to the terms and conditions of this Agreement, if the Seller requests on a Settlement Statement that the Net Investment be increased to an amount in excess of the Net Investment as of the immediately preceding Settlement Date, the Buyer shall make available to the Seller at its Office, or such other place as the Seller has notified to the Buyer, on the next succeeding Settlement Date, the amount of such increase in the Net Investment; provided, that such increase in the Net Investment shall not cause the Net -------- Investment to exceed the Maximum Net Investment then in effect. The Seller may request a reduction in the Net Investment in accordance with Section 2.03(b).