Draft Date definition
Examples of Draft Date in a sentence
Servicer will not be required to pay such administrative fee for the reimbursements made 1) on the business day immediately preceding the Draft Date, and 2) one business day prior to the last business day of each calendar month.
The Subservicer shall provide the Owner/Servicer and Owner/Servicer's lender(s) (as identified to the Subservicer by the Owner/Servicer) such written notice at least three (3) Business Days before the Draft Date applicable to such notice which shall contain an estimate of the P&I advance activities for such month and any other information reasonably requested by the Owner/Servicer or Owner/Servicer's lender(s).
If the Subservicer reasonably determines that on any Draft Date there will not be adequate funds in any Custodial Account to be withdrawn for payment to an Investor, then the Subservicer shall provide the Owner/Servicer written notice of the amount required to be deposited in such Custodial Account so that the Custodial Account will have funds on deposit at least equal to the amount required to be paid to the applicable Investor.
Type of Account: □Checking □Savings Draft Date: □7th of month □17th of month Signature: Date: / /20 Signature: Date: / /20 IF THE DESIGNATED ACCOUNT IS A CHECKING ACCOUNT, PLEASE STAPLE A VOIDED CHECK HERE IF A SAVINGS ACCOUNT IS BEING DESIGNATED, PLEASE CONTACT YOUR SAVINGS INSTITUTION AND OBTAIN AND ATTACH WRITTEN VERIFICATION OF THE PROPER TRANSIT/ABA # AND THE PROPER ACCOUNT #.
At least one Business Day prior to the applicable Draft Date, the Owner/Servicer shall fund (or cause to be funded) the amount set forth in the written notice provided by the Subservicer (or such lesser amount as reasonably determined by the Subservicer) via wire transfer into the applicable Custodial Account.
At the request of ACI from time to time, Customer will provide ACI with copies of any and all tax returns that Customer has prepared and filed and other applicable information relating to the payment of the Customer-Calculated Taxes; provided, ▇▇.▇▇▇ B&C 092001 1 , lals Draft Date: 10/1/2001 Initials however, that Customer will not be required to provide ACI with any information regarding Customer's federal, state or local income taxes.
To the extent the amounts the Owner/Servicer (or its lender(s)) funded exceeded the amounts required to be paid to the applicable Investor on the related Draft Date, the Subservicer shall remit such excess funds to the Owner/Investor or lender(s), as applicable, on the same Draft Date that such amounts were deposited in the applicable Custodial Account.
The Parties agree to the following schedule: Initial Draft Date: ___________.
DBA Cure Leasing & Maintenance Authorized Signature: X /s/ ▇▇▇▇▇ ▇▇▇▇▇ Print Name: ▇▇▇▇▇ ▇▇▇▇▇ Title (if applicable): Exec V.P. Email: First Draft Date: FAX Completed Form and Copy of Check to: ▇▇▇-▇▇▇-▇▇▇▇ Or mail to: VFS US LLC, ▇.▇.
On the Draft Date, ▇▇▇▇▇▇ ▇▇▇ shall draft from the Designated Account, in lieu of the Servicer’s custodial account or accounts, the Required P&I and any amounts deposited by ▇▇▇▇▇▇ Mae as Periodic Early Reimbursement Amounts.