Payment Instruction to Master Trust. (a) Promptly after the receipt by the Issuer of each Monthly Servicer’s Certificate under the Series 2004-MC Supplement, the Issuer shall, in cooperation with the Servicer of the Master Trust, complete the Payment Instruction and deliver a copy thereof to the Indenture Trustee and the Master Trust Trustee. (b) From time to time, the Issuer shall notify the Servicer under the Series 2004-MC Supplement of the information necessary to be provided by the Issuer under Section 5.2 of the Pooling and Servicing Agreement as supplemented by the Series 2004-MC Supplement to calculate the Investor Interest and the Principal Allocation Investor Interest of the Collateral Certificate.
Appears in 2 contracts
Sources: Indenture (Mellon Bank Premium Finance Loan Master Trust), Indenture (Mellon Premium Finance Loan Owner Trust)