Payment Date Statements Sample Clauses
Payment Date Statements. At least three Business Days before each Payment Date, the Servicer shall provide to the Issuer, the Indenture Trustee and each Rating Agency, a statement indicating:
1. the amount to be paid to Environmental Control Bondholders of each Series and Class in respect of principal on such Payment Date in accordance with Section 8.02 of the Indenture and each Series Supplement thereto;
2. the amount to be paid to Environmental Control Bondholders of each Series and Class in respect of interest on such Payment Date in accordance with Section 8.02 of the Indenture and each Series Supplement thereto;
3. the Environmental Control Bond Balance and the Projected Environmental Control Bond Balance for each Series and Class as of that Payment Date (in each case, after giving effect to the payments on such Payment Date);
4. the amount on deposit in the General Subaccount for each Series and the Scheduled Funding for each Series, as of that Payment Date (after giving effect to the transfers to be made from or into the General Subaccount on such Payment Date);
5. the amount on deposit in the Capital Subaccount for each Series as of that Payment Date (after giving effect to the transfers to be made from or into the Capital Subaccount on such Payment Date);
6. the amount on deposit in the Reserve Subaccount for each Series as of that Payment Date (after giving effect to the transfers to be made from or into the Reserve Subaccount on such Payment Date);
7. the amount, if any, on deposit in the Excess Funds Subaccount as of that Payment Date (after giving effect to the transfers to be made from or into the Reserve Subaccount on such Payment Date);
8. the amounts paid to the Indenture Trustee since the preceding Payment Date pursuant to Section 8.02(e) of the Indenture;
9. the amounts paid to the Servicer since the preceding Payment Date pursuant to Section 8.02(e) of the Indenture; and
10. the amount of any other transfers and payments to be made on such Payment Date pursuant to Sections 8.02(d), (e), (f), (g) and (i) of the Indenture; and
11. the then-current Environmental Control Charge for each rate class.
Payment Date Statements. At least three Business Days before each Payment Date with respect to each Series of Environmental Control Bonds, the Servicer shall prepare and furnish to the Issuer and the Indenture Trustee a statement setting forth the amounts to be paid to Environmental Control Bondholders of such Series pursuant to Section 8.02(e) of the Indenture, as well as all other amounts to be paid pursuant to Section 8.02(e) of the Indenture, including the Capital Equity Return to be paid to the Seller.
Payment Date Statements. At least one Business Day before each Payment Date, the Servicer shall provide to the Issuer, the Trustee, each Rating Agency and for so long as any Securitization Bonds are listed on the Luxembourg Stock Exchange, any listing agent in Luxembourg and notice that such report is available shall be published in an Authorized Newspaper, a statement indicating:
1. the amount to be paid to Securitization Bondholders of each Series and Class in respect of principal on such Payment Date;
2. the amount to be paid to Securitization Bondholders of each Series and Class in respect of interest on such Payment Date;
3. the Projected Securitization Bond Balance and the Securitization Bond Balance for each Series and Class as of that Payment Date (after giving effect to the payments on such Payment Date);
4. the amount on deposit in the Overcollateralization Subaccount for each Series and the Scheduled Overcollateralization Level for each Series, as of that Payment Date (after giving effect to the transfers to be made from or into the Overcollateralization Subaccount on such Payment Date);
5. the amount on deposit in the Capital Subaccount for each Series as of that Payment Date (after giving effect to the transfers to be made from or into the Capital Subaccount on such Payment Date);
6. the amount, if any, on deposit in the Reserve Subaccount as of that Payment Date (after giving effect to the transfers to be made from or into the Reserve Subaccount on such Payment Date);
7. the amount, if any, to be paid to any Swap Counterparty (on a gross and a net basis, separately stated) under any Interest Rate Swap Agreement on or before such Payment Date; and
8. the amount of any transfers and payments to be made on such Payment Date pursuant to Sections 8.02(d), (e), (f), (g), and (i) of the Indenture.
Payment Date Statements. At least three Business Days before each Payment Date for each Series of Transition Bonds, the Servicer will calculate the interest due on any floating rate Transition Bonds of such Series and will prepare and furnish to the First Issuer and the Bond Trustee a statement setting forth the amounts to be paid to Holders of Transition Bonds of such Series pursuant to Section 8.02(e) of the Indenture.
Payment Date Statements. By 12:00 noon Central Time on the Business Day immediately preceding each Payment Date, the Servicer shall prepare and furnish to the Issuer, the Trustee and the Rating Agencies a Semiannual Servicer's Certificate setting forth the transfers and payments to be made in respect of such Payment Date pursuant to Section
Payment Date Statements. On or before each Payment Date, the Servicer will prepare and furnish to the Issuer and to the Trustee a statement setting forth the transfers and payments to be made in respect of such Payment Date pursuant to Section 8.02(d) of the Indenture and the amounts thereof and the amounts to be paid to Holders of Transition Bonds of each Series pursuant to Section 8.02(e) of the Indenture.
Payment Date Statements. At least one Business Day before each Payment Date, the Servicer shall provide to the Issuer, the Trustee, each Rating Agency and for so long as any Transition Bonds are listed on the Luxembourg Stock Exchange, any listing agent in Luxembourg, a statement indicating:
1. the amount to be paid to Transition Bondholders of each Series and Class in respect of principal on such Payment Date;
2. the amount to be paid to Transition Bondholders of each Series and Class in respect of interest on such Payment Date;
3. the Projected Transition Bond Balance and the Transition Bond Balance for each Series and Class as of that Payment Date;
4. the amount on deposit in the Overcollateralization Subaccount for each Series and the Scheduled Overcollateralization Level for each Series, as of that Payment Date;
5. the amount on deposit in the Capital Subaccount for each Series as of that Payment Date;
6. the amount, if any, on deposit in the Reserve Subaccount as of that Payment Date;
7. the amount to be paid to any counterparty under any Hedge Agreement on such Payment Date;
8. the amount to be paid to any Swap Counterparty (on a gross and a net basis, separately stated) under any Interest Rate Swap Agreement on or before such Payment Date;
9. the amounts paid to the Trustee since the preceding Payment Date pursuant to Sections 8.02(d) of the Indenture;
10. the amounts paid to the Servicer since the preceding Payment Date pursuant to Sections 8.02(e) of the Indenture; and
11. the amount of any transfers and payments to be made on such Payment Date pursuant to Sections 8.02(f) and (g) of the Indenture.
Payment Date Statements. Not later than each Payment Date, the Bank shall prepare, based upon reports submitted to the Bank by the Servicer pursuant to the Servicing Agreements, and deliver to the Issuer, a statement (a “Payment Date Statement”) with respect to such Payment Date setting forth:
(i) the aggregate amounts, if any, to be paid to the Servicer in respect of any outstanding and unpaid amounts due it pursuant to Sections 5.01 and 15.06 of the 1998-2 Servicing Agreements or Section 3.05(b)(2) hereof;
(ii) the aggregate amounts, if any, to be paid to the Bank in respect of any outstanding and unpaid amounts due it;
(iii) the aggregate amounts, if any, to be paid to the Collateral Agent and Custodian in respect of any outstanding and unpaid amounts due it;
(iv) the aggregate amounts, if any, to be paid to the Issuer Trustee in respect of any outstanding and unpaid amounts due it under any of the Transaction Documents;
(v) the aggregate amounts, if any, to be deposited into the Working Capital Reserve Fund pursuant to Section 2.03 hereof;
(vi) the current balance of each of the Collection Account and the Working Capital Reserve Fund;
Payment Date Statements. On or before each Payment Date for each Series of Transition Bonds, the Servicer will prepare and furnish to the First Issuer and the Bond Trustee a statement setting forth the amounts to be paid to Holders of Transition Bonds of such Series pursuant to Section 8.02(e) of the Indenture.
Payment Date Statements. On each Payment Date, the Trustee shall prepare and deliver to the Note Holders a statement (the “Payment Date Statement”) setting forth for the period since the preceding Payment Date, as applicable, (i) the amount, nature and origin of all income, proceeds, payments and collections received in the Trust Account and (ii) the amounts to be paid or distributed pursuant to Section 6.03(b), (c) or (d).