Ledger Entries Clause Samples
Ledger Entries. PML as Administrator, shall:
(a) record all amounts received, held or paid out by the Issuer, or the Trustee in respect of the Mortgages and the issue of the Notes in the Revenue Ledger, the Principal Ledger, the General Reserve Fund Ledger, the Class A and Class B Liquidity Reserve Fund Ledger, the Mortgage Margin Reserve Fund Ledger, the Mortgage MRF Discretionary Fund Ledger, the Conversion Margin Reserve Fund Ledger, the Conversion MRF Discretionary Fund Ledger, the Discretionary Payment Holiday Reserve Fund Ledger, the MFA Pre-Funding Reserve Ledger, the Interest Shortfall Ledger, the Class S VFN Drawdown Ledger, as applicable, and all amounts transferred between such Ledgers, in the manner set out below and/or as otherwise set out in this Agreement and the Deed of Charge:
(i) all Monthly Payments (except to the extent of any amounts representing principal repaid), other interest received under the Mortgages, all Prepayment Charges and any other redemption fees, charges and penalties and any costs or other amounts received under the Mortgages (including in any such case amounts (other than principal amounts) recovered on enforcement of rights against any Borrower or guarantor or his property or assets (including interest recovered on enforcement of the Borrower's Mortgage or from a guarantor)) shall be credited to the Revenue Ledger;
(ii) all repayments of principal under the Mortgages (including amounts representing principal repaid in accordance with the terms of the Repayment Mortgages and principal amounts recovered on enforcement of rights against any Borrower or his property or assets or on sale of the Property with the consent of the Borrower or under the power of sale contained in the Mortgage or any amount recovered under a Guarantee and, in each case, applied in reduction of principal) shall be credited to the Principal Ledger;
(iii) all drawings under the Class S VFN made:
(A) for the purposes of increasing the General Reserve Fund and the Class A and Class B Liquidity Reserve Fund;
(B) for the purpose of reducing any debit balance on the Principal Deficiency Ledger; and
(C) for the purposes of funding the Amortised Cost Adjustment, shall be credited to the Class S VFN Drawdown Ledger and then subsequently credited to the General Reserve Fund Ledger, the Class A and Class B Liquidity Reserve Fund Ledger and the Principal Ledger (where applicable);
(iv) all Mandatory Further Advances and Discretionary Further Advances to Borrowers made from ...
Ledger Entries. Issuer shall report such unremediated Disqualified Sale Proceeds and the associated Disqualified Sale Units to Prepay LLC for addition to the remarketing ledgers maintained by Prepay LLC under the Master Power Supply Agreement, with the ledger entries to be dated as of the end of the first month of the relevant quarter.
Ledger Entries. On each Business Day, as soon as possible and in any event by close of business on the Business Day on which the Master Servicer or, following the termination of the Master Servicer’s appointment, the Liquidation Servicer identifies that such amounts have been received or such circumstances have occurred, the Master Servicer or the Liquidation Servicer, as the case may be, shall make the following entries in the Ledger Accounts kept for the US Master Purchaser: Back to Contents
(a) adjust as appropriate each Receivables Ledger by an amount equal to the aggregate of the Face Amounts of all the Receivables which have become Securitised US Receivables on that Business Day;
(b) adjust as appropriate each Receivables Ledger by all amounts identified as representing or constituting moneys received by the US Master Purchaser on such Business Day in relation to a Securitised US Receivable;
(c) adjust as appropriate each DPP Ledger by all amounts received for the account of the US Master Purchaser or the relevant Originator, as the case may be, on such Business Day into a Collection Account in respect of Securitised US Receivables which represent the Deferred Purchase Price element of the Purchase Price of such Securitised US Receivables;
(d) adjust as appropriate each DPP Ledger by, in the case of the DPP Ledger kept in respect of US dollars for the US Master Purchaser, all amounts by which the Interest of a US Originator has been increased in respect of the Deferred Purchase Price of Securitised US Receivables;
(e) adjust as appropriate each DPP Ledger by all amounts received by the US Master Purchaser on such Business Day in respect of Defaulted Receivables;
(f) adjust as appropriate each IPP Ledger by all moneys received for the account of the US Master Purchaser on such Business Day into a Collection Account in respect of Securitised US Receivables which represent IPP Collections;
(g) adjust as appropriate each IPP Ledger by all amounts which have been applied on such Business Day (i) in redeeming ▇▇▇▇▇▇▇▇ US Notes, (ii) in increasing the Interest of a US Originator as a result of its contribution of US Receivables;
(h) adjust as appropriate each Discount Ledger by all amounts received for the account of the US Master Purchaser on such Business Day into a Collection Account in respect of Securitised US Receivables which represent the Discount element of such Securitised US Receivables;
(i) adjust as appropriate each Discount Ledger by all amounts which have be...