FTA Payments definition
Examples of FTA Payments in a sentence
Prior to remittance on the applicable Remittance Date, the Servicer may invest FTA Payments received at its own risk and for its own benefit, and such investments and funds shall not be required to be segregated from the other investments and funds of the Servicer.
The Servicer also shall be entitled to retain as additional compensation (i) any interest earnings on FTA Payments received by the Servicer and invested by the Servicer pursuant to Section 6(d) of Annex I hereto during each Collection Period prior to remittance to the Collection Account and (ii) all late payment charges, if any, collected from Customers or ESPs.
On or before each Remittance ------------------------------- Date, the Servicer shall prepare and deliver to the Note Issuer, the Note Trustee, the Certificate Trustee and the Infrastructure Bank a written report substantially in the form of Exhibit A hereto (a --------- "Monthly Servicer's Certificate") setting forth certain information relating to FTA Payments received by the Servicer during the Collection Period preceding such Monthly Remittance Date.
The Servicer further agrees not to make any claim to reduce its obligation to remit all FTA Payments collected by it in accordance with this Agreement except (i) as set forth in clause (b) above or clause (d) below and (ii) for late fees permitted by Section 6.06.
On or before each ------------------------------- Remittance Date, the Servicer shall prepare and deliver to the Note Issuer, the Note Trustee, the Certificate Trustee, the Infrastructure Bank and the Rating Agencies a written report substantially in the form of Exhibit A hereto (a "Monthly Servicer's Certificate") setting --------- forth certain information relating to FTA Payments received by the Servicer during the Collection Period preceding such Remittance Date.
The Servicer further agrees not to make any claim to reduce its obligation to remit all FTA Payments collected by it in accordance with this Agreement, except (i) as set forth in clause (b) above or clause (e) below and (ii) for late fees permitted by Section 6.06.
On or before the last Servicer Business Day of each calendar month, the Servicer shall prepare and deliver to the Issuer, the Trustee and each Rating Agency a written report substantially in the form of Exhibit A hereto (a "Monthly Servicer's Certificate") setting forth certain information relating to FTA Payments received by the Servicer during the immediately preceding Billing Period.
Subject to clause (b) below and with respect to each Customer that is billed by the Servicer through the Original Billing System, the Servicer shall remit Estimated FTA Payments to the General Subaccount of the Collection Account, within two Servicer Business Days of the Servicer Business Day upon which such Estimated FTA Payments are deemed to have been collected as established in accordance with the Collections Curve.
The total amount of Estimated FTA Payments and Actual FTA Payments to be remitted to the General Subaccount of the Collection Account on any Servicer Business Day is herein referred to as the "Daily Remittance".
On or before each Remittance ------------------------------ Date, the Servicer shall prepare and deliver to the Note Issuer, the Note Trustee, the Certificate Trustee, the Infrastructure Bank and ▇▇▇▇▇'▇ a written report substantially in the form of Exhibit A hereto (a "Monthly Servicer's ------------------ Certificate") setting forth certain information relating to FTA Payments ----------- received by the Servicer during the Collection Period preceding such Remittance Date.