Monthly Backup Servicer Certificate means a monthly report of the Backup Servicer in the form agreed upon among the Backup Servicer, the Borrower and the Administrative Agent.
Monthly Backup Servicer Certificate means a monthly report of the Backup Servicer in the form prescribed by the Backup Servicing Agreement which shall set forth, among other items, the Backup Servicer's recalculation of the Eligible Pool Balance, the Borrowing Base, the Conduit Portfolio Delinquency Ratio, the Conduit Portfolio Net Loss Ratio (Non-Prime), the Conduit Portfolio Net Loss Ratio (Prime), the Serviced Portfolio Delinquency Ratio, the Serviced Portfolio Net Loss Ratio (Non-Prime), and the Serviced Portfolio Net Loss Ratio (Prime), in each case as of the end of the Collection Period immediately preceding the date on which such certificate is delivered. "Monthly Principal Payment Amount" means either (i) with respect to any Payment Date occurring prior to the Termination Date, the lesser of (a) the excess (if any) of the Loans Outstanding on such date (excluding any additional amounts to be borrowed on such Payment DB1/ 139452285.4144571789.3 29 Date) over the Borrowing Base on such Payment Date and (b) the amount of Available Funds that is available to be applied pursuant to Section 2.06(v)(B) on such Payment Date (after giving effect to all payments pursuant to sub-clauses (i) through (v) of Section 2.06 on such Payment Date) or (ii) with respect to any Payment Date occurring on or after the Termination Date, the lesser of (a) the Loans Outstanding on such date and (b) the amount of Available Funds that is available to be applied pursuant to Section 2.06(v)(B) on such Payment Date (after giving effect to all payments pursuant to subclauses (i) through (v) of Section 2.06 on such Payment Date) . "Monthly Report" means a monthly statement of the Servicer delivered pursuant to Section 7.07(a) on each Reporting Date with respect to the related Collection Period, substantially in the form of Exhibit F. "Moody's" means Xxxxx'x Investors Service, Inc. "Multiemployer Plan" means a "multiemployer plan" as defined in Section 4001(a)(3) of ERISA which is or was at any time during the current year or the immediately preceding five years contributed to by the Borrower, DFC, Lithia or any ERISA Affiliate on behalf of their employees. "Near Prime Receivable" means a Receivable for which, at the time of underwriting, the related FICO Score was (i) less than 680 but also (ii) greater than or equal to 620. "Net Eligible Pool Balance" means, as of any date of determination, the difference of (i) the Eligible Pool Balance as of such date minus (ii) the Excess Concentration Amount as of such date. "No...
Monthly Backup Servicer Certificate. A monthly report of the Backup Servicer, in substantially the form of Exhibit J.
Examples of Monthly Backup Servicer Certificate in a sentence
The Backup Servicer shall provide a Monthly Backup Servicer Certificate to the Administrative Agent and the Servicer, on or before the close of business on the Business Day immediately preceding the related Payment Date.
The Backup Servicer shall provide a Monthly Backup Servicer Certificate to the Administrative Agent, the Lender Group Agents and the Servicer, on or before the close of business on the fifth (5th) Business Day following the related Determination Date.
The Backup Servicer shall provide a Monthly Backup Servicer Certificate to the Administrative Agent and the Servicer, on or before the close of business on the Business Day immediately preceding each Payment Date.