Examples of Servicer Remittance Report in a sentence
Such notification shall be made each month at the time that the Servicer delivers its Servicer Remittance Report to the Trustee pursuant to Section 4.01.
The Master Servicer Remittance Report shall be updated no later than 2:00 p.m. on the second Business Day prior to the Distribution Date to reflect any payment on a Mortgage Loan, a Serviced Companion Mortgage Loan or a B Note for which the Scheduled Payment is paid on a Due Date (or within its grace period) that occurs after the end of the related Collection Period.
With respect to each Distribution Date, not later than the fifth Business Day prior to the related Deposit Date the Servicer shall deliver to the Trustee a computer-readable magnetic tape containing the Servicer Remittance Report relating to the Fixed Rate Group and the Servicer Remittance Report relating to the Adjustable Rate Group detailing the payments and collections received in respect of the Mortgage Loans in the related Mortgage Loan Group during the immediately preceding Collection Period.
The Master Servicer Remittance Report shall be updated (and delivered to the Paying Agent as updated) no later than 2 p.m. on the second Business Day prior to the Distribution Date to reflect any payment on a Mortgage Loan for which the Scheduled Payment is paid on a Due Date (or within its grace period) that occurs after the end of the related Collection Period.
Such notification shall be made each month at the time that the Servicer delivers its Servicer Remittance Report to the Issuer and the Indenture Trustee pursuant to Section 3.01.