Examples of Servicer Distribution Date in a sentence
The Servicer shall include in the amount to be deposited in the Collection Account on such Servicer Distribution Date an amount equal to the Periodic Advance, if any, which deposit may be made in whole or in part from funds in the Collection Account being held for future distribution or withdrawal on or in connection with Distribution Dates in subsequent months.
Any funds being held for future distribution to Certificateholders and so used shall be replaced by the Servicer from its own funds by deposit in the Collection Account on or before the Business Day preceding any such future Servicer Distribution Date to the extent that funds in the Collection Account on such Servicer Distribution Date shall be less than payments to Certificateholders required to be made on such date.
The Servicer shall, one Business Day after such Servicer Distribution Date, deliver a magnetic tape or diskette to the Trustee indicating the payment status of each Mortgage Loan as of such Servicer Distribution Date.
Any funds being held for future distribution to Noteholders and so used shall be replaced by the Servicer from its own funds by deposit in the Collection Account on or before the Business Day preceding any such future Servicer Distribution Date to the extent that funds in the Collection Account on such Servicer Distribution Date shall be less than payments to Noteholders required to be made on such date.
On each Servicer Distribution Date, the Servicer shall cause to be deposited in the Distribution Account, from funds on deposit in the Collection Account, (a) an amount equal to the Servicer Remittance Amount and (b) Net Foreclosure Profits, if any with respect to the related Distribution Date, minus any portion thereof payable to the Servicer pursuant to Section 5.03.
The Servicer shall, one (1) Business Day after such Servicer Distribution Date, deliver a magnetic tape or diskette to the Indenture Trustee indicating the payment status of each Mortgage Loan as of such Servicer Distribution Date.
In order to facilitate the servicing of the Mortgage Loans by the Servicer of such Mortgage Loans, the Servicer of the Mortgage Loans has been appointed by the Trust to retain, in accordance with the provisions of the Sale and Servicing Agreement and this Indenture, all Servicer Remittance Amounts on such Mortgage Loans prior to their deposit into the related Distribution Account on or prior to the related Servicer Distribution Date.
The Servicer shall, one Business Day after such Servicer Distribution Date, deliver a report to the Trustee, the Certificate Insurer and the Back-Up Servicer indicating the payment status of each Mortgage Loan as of such Servicer Distribution Date.
On each Servicer Distribution Date, the Servicer shall also deposit into the Distribution Account any Periodic Advances with respect to the related Distribution Date calculated in accordance with Section 5.18 and any amounts required to be deposited in connection with a Subsequent Mortgage Loan pursuant to Section 2.14(b) of the Indenture; on the Servicer Distribution Dates occurring in December 1998 and January 1999, the Servicer also will deposit the related Special Advance pursuant to Section 5.18(b).
On each Servicer Distribution Date, the Servicer shall also deposit into the Distribution Account any Periodic Advances with respect to the related Distribution Date calculated in accordance with Section 5.18 and any amounts required to be deposited in connection with a Subsequent Mortgage Loan pursuant to Section 2.14(b) of the Indenture; on the Servicer Distribution Date occurring in July 1999 and August 1999, the Servicer also will deposit the related Special Advance pursuant to Section 5.18(b).