Monthly Information. On at least a monthly basis each Payment Date ------------------- beginning with the month of Payment Date in May, 2002, Conseco Finance Corp. shall deliver to the Backup Servicer the then-current Data. The Backup Servicer shall promptly notify the Trustee, Conseco Finance Corp. and the Rating Agencies if the Backup Servicer does not receive the Data from Conseco Finance Corp. each month during the Appointment Period or if the Backup Servicer determines that the Data received by it is not sufficient to enable it to act as Servicer. Except as provided in the foregoing sentence, unless and until the Backup Servicer becomes the Servicer, the Backup Servicer will have no obligations with respect to servicing data received by it, nor any reporting obligations. If the Backup Servicer determines it reasonably requires additional information to enable it to assume the duties of Servicer, it will notify Conseco Finance Corp., the Trustee and the Rating Agencies of such additional required information and thereafter the "Data" to be delivered under this Section 5.12(f) shall include such additional information; provided that Conseco Finance Corp. shall have a reasonable time to take such action as may reasonably be required to enable it to furnish such additional information on a monthly basis.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)
Monthly Information. On at least a monthly basis each Payment Remittance Date ------------------- beginning with the month of Payment Remittance Date in May, July 2002, Conseco Finance Corp. shall deliver to the Backup Servicer the then-current Data. The Backup Servicer shall promptly notify the Trustee, Conseco Finance Corp. and the Rating Agencies if the Backup Servicer does not receive the Data from Conseco Finance Corp. each month during the Appointment Period or if the Backup Servicer determines that the Data received by it is not sufficient to enable it to act as Servicer. Except as provided in the foregoing sentence, unless and until the Backup Servicer becomes the Servicer, the Backup Servicer will have no obligations with respect to servicing data received by it, nor any reporting obligations. If the Backup Servicer determines it reasonably requires additional information to enable it to assume the duties of Servicer, it will notify Conseco Finance Corp., the Trustee and the Rating Agencies of such additional required information and thereafter the "Data" to be delivered under this Section 5.12(f5.15(d) shall include such additional information; provided that Conseco Finance Corp. shall have a reasonable time to take such action as may reasonably be required to enable it to furnish such additional information on a monthly basis.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)
Monthly Information. On at least a monthly basis each Payment Date ------------------- beginning with the month of Payment Date in MayAugust, 2002, Conseco Finance Corp. shall deliver to the Backup Servicer the then-current Data. The Backup Servicer shall promptly notify the Trustee, Conseco Finance Corp. and the Rating Agencies if the Backup Servicer does not receive the Data from Conseco Finance Corp. each month during the Appointment Period or if the Backup Servicer determines that the Data received by it is not sufficient to enable it to act as Servicer. Except as provided in the foregoing sentence, unless and until the Backup Servicer becomes the Servicer, the Backup Servicer will have no obligations with respect to servicing data received by it, nor any reporting obligations. If the Backup Servicer determines it reasonably requires additional information to enable it to assume the duties of Servicer, it will notify Conseco Finance Corp., the Trustee and the Rating Agencies of such additional required information and thereafter the "Data" to be delivered under this Section 5.12(f) shall include such additional information; provided that Conseco Finance Corp. shall have a reasonable time to take such action as may reasonably be required to enable it to furnish such additional information on a monthly basis.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)
Monthly Information. On at least a monthly basis each Payment Remittance Date ------------------- beginning with ------------------- the month of Payment Remittance Date in May, June 2002, Conseco Finance Corp. shall deliver to the Backup Servicer the then-current Data. The Backup Servicer shall promptly notify the Trustee, Conseco Finance Corp. and the Rating Agencies if the Backup Servicer does not receive the Data from Conseco Finance Corp. each month during the Appointment Period or if the Backup Servicer determines that the Data received by it is not sufficient to enable it to act as Servicer. Except as provided in the foregoing sentence, unless and until the Backup Servicer becomes the Servicer, the Backup Servicer will have no obligations with respect to servicing data received by it, nor any reporting obligations. If the Backup Servicer determines it reasonably requires additional information to enable it to assume the duties of Servicer, it will notify Conseco Finance Corp., the Trustee and the Rating Agencies of such additional required information and thereafter the "Data" to be delivered under this Section 5.12(f5.15(e) shall include such additional information; provided that Conseco Finance Corp. shall have a reasonable time to take such action as may reasonably be required to enable it to furnish such additional information on a monthly basis.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Conseco Finance Securitizations Corp)