FTA Charges definition
Examples of FTA Charges in a sentence
The predecessor Servicer shall cooperate with the successor Servicer, the Note Issuer and the Note Trustee in effecting the termination of the responsibilities and rights of the predecessor Servicer under this Agreement, including the transfer to the successor Servicer for administration by it of all cash amounts that shall at the time be held by the predecessor Servicer for remittance, or shall thereafter be received by it with respect to the Transition Property or the FTA Charges.
If the Seller receives ------------------------ collections in respect of the FTA Charges or the proceeds thereof, the Seller agrees to pay the Servicer all payments received by the Seller in respect thereof as soon as practicable after receipt thereof by the Seller, but in no event later than two Business Days after such receipt.
At the Closing Date, the assumptions used in ------------ calculating the FTA Charges related to the Transition Property are reasonable and made in good faith.
If a Servicer Default shall arise from the failure of the Servicer to perform any of its duties or obligations under the Servicing Agreement with respect to the Transition Property or the FTA Charges, the Note Issuer shall take all reasonable steps available to it to remedy such failure.
In addition, so long as any of the Notes of any Series are outstanding, the Servicer shall provide the Note Issuer, the Note Trustee and the Certificate Trustee, within a reasonable time after written request therefor, any information available to the Servicer or reasonably obtainable by it that is necessary to calculate the FTA Charges applicable to each class of Customer.
At the Closing Date, the assumptions used in calculating ----------- the FTA Charges related to the Transition Property are reasonable and made in good faith.
The FTA Charges for each Series or Class of Certificates go into effect on the closing date for such Series or Class of Certificates.
The write-off allocation used to determine Deemed FTA Payments (which is set forth in Schedule 1.01A hereof) does fairly represent and will fairly represent actual write-off amounts with respect to the FTA Charges based upon historical performance and the Servicer's expectations.
If the Seller receives collections ----------------------- in respect of the FTA Charges or the proceeds thereof, the Seller agrees to pay the Servicer all payments received by the Seller in respect thereof as soon as practicable after receipt thereof by the Seller, but in no event later than two Business Days after such receipt.
The predecessor Servicer shall cooperate with the successor Servicer, the Issuer and the Trustee in effecting the termination of the responsibilities and rights of the predecessor Servicer under this Agreement, including the transfer to the successor Servicer for administration by it of all cash amounts that shall at the time be held by the predecessor Servicer for remittance, or shall thereafter be received by it with respect to the Transition Property or the FTA Charges.