Common use of Notice of the Distribution Date on which Clause in Contracts

Notice of the Distribution Date on which. a Servicer anticipates that the final distribution shall be made as a result of such Servicer's receipt of the remaining principal and interest due on the last Mortgage Loan serviced by such Servicer, shall be given promptly by such Servicer to the Trustee and, if such servicer is the sole remaining servicer of Mortgage Loans in the related Group, by the Trustee by first class mail to Holders of the affected Certificates. Such notice shall be mailed no earlier than the 15th day and not later than the 10th day preceding the Optional Termination Date or date of final distribution, as the case may be. Such notice shall specify (i) the Distribution Date upon which final distribution on the affected Certificates will be made upon presentation and surrender of such Certificates at the office or agency therein designated, (ii) the amount of such final distribution and (iii) that the Record Date otherwise applicable to such Distribution Date is not applicable, such distribution being made only upon presentation and surrender of such Certificates at the office or agency maintained for such purposes (the address of which shall be set forth in such notice).

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp), Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)