Examples of Servicing Criteria in a sentence
Reference Servicing Criteria Applicable Servicing Criteria 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool assets documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related asset pool documents.
Reference Servicing Criteria Applicable Servicing Criteria 1122(d)(4)(ix) Adjustments to interest rates or rates of return for Accounts with variable rates are computed based on the related Account documents.
Report on Assessment of Compliance with Servicing Criteria and Attestation; Annual Officer’s Certificate 42 Section 9.05.
Indenture Trustee Reference Servicing Criteria Applicable Servicing Criteria 1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access.
To the extent Servicer is not obligated to provide the Servicing Criteria Compliance Report and the Servicer Compliance Certificate under the Transfer and Servicing Agreement, Servicer may, at its option, continue to provide the Servicing Criteria Compliance Report and the Servicer Compliance Certificate, each, in the time and manner specified in Section 3.05 of the Transfer and Servicing Agreement or Servicer may provide, on an annual basis, the certificate described in paragraph (b) of this Section 5.04.