Payment Date Statement definition

Payment Date Statement means a report prepared by the Administrator setting forth certain information relating to the Reference Pool, the Notes, the Reference Tranches and the hypothetical structure described in the Offering Memorandum, which will be in such form as is required under the Offering Memorandum and otherwise as agreed upon between the Administrator and the Indenture Trustee.

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Payment Date Statement has the meaning provided in Section 2.12(d).

Payment Date Statement. A statement prepared by the Collateral Agent and verified by the Collateral Manager prior to each Payment Date setting forth the calculation of each amount payable out of available Collections on such Payment Date pursuant to either Section 2.7 or 2.8(a), as applicable, together with the payment information for each recipient of such amounts.

Examples of Payment Date Statement in a sentence

• If any party receiving any Monthly Report or Payment Date Statement disagrees with any items of such report, it shall contact the Servicer and notify it of such disputed item and provide reasonably sufficient information to correct such item, with (if other than the Administrative Agent) a copy of such notice and information to the Administrative Agent and the Servicer.

• The Administrative Agent’s reasonable determination with regard to any disputed item in the Monthly Report or Payment Date Statement, as applicable, shall be conclusive (absent manifest error).

• If the Servicer agrees with any such correction and unless the Servicer is otherwise timely directed by the Administrative Agent, the Servicer shall distribute a revised Monthly Report or Payment Date Statement, as applicable, on the Business Day after it receives such information.

More Definitions of Payment Date Statement

Payment Date Statement means the monthly report prepared by the Indenture Trustee, as set forth in the STACR Documentation.

Payment Date Statement means a report setting forth certain information relating to the Reference Pool and the related Loan Groups, the Notes, the Reference Tranches and the hypothetical structure described in the Prospectus, which shall be substantially in the form of Exhibit G hereto.

Payment Date Statement. As defined in Section 5.04(a) hereof.

Payment Date Statement shall have the meaning provided in Section 5.1.

Payment Date Statement. The statement prepared pursuant to Section 2.08(d) with respect to collection on or in respect of the Mortgage Loans and other assets of the Trust Estate and payments on or in respect of the Notes, based upon the information contained in the Servicer Remittance Report prepared pursuant to the Servicing Agreement and setting forth the following information with respect to each Payment Date (to the extent the Servicer has made such information (other than the information described in clause (ii), (iii), (iv), (v) and (xv) below) available to the Indenture Trustee):

Payment Date Statement means, with respect to any Series, a report prepared by the Servicer on each Determination Date for the immediately preceding Collection Period in substantially the form set forth in the related Indenture Supplement.

Payment Date Statement means a written statement substantially in the form attached hereto as Exhibit E setting forth the amounts to be paid pursuant to Section 2.10(b) on the related Payment Date.