Reporting by the Servicer. (a) On or prior to the 25th day of each calendar month, the Servicer shall cause to be delivered to the Titling Trustee a report in respect of the prior calendar month, setting forth (i) any information relating to the 1997-A Contracts or the related Leased Vehicles that normally would be available from a servicer of closed-end automobile and light-duty truck leases and is reasonably requested by the Titling Trustee and (ii) if required, any additional information required by the terms of any Securitized Financing, and (c) deliver such other reports, Officer's Certificates or certificates from other authorized signatories as may be necessary pursuant to this 1997-A SUBI Servicing Supplement to document to the Titling Trustee the Servicer's right to any further reimbursement of unreimbursed Servicer Expenses. (b) On or prior to each Determination Date and each Transfer Date, the Servicer shall cause to be delivered to the Titling Trustee and the 1997-A Securitization Trustee a supplement to the Schedule of 1997-A Contracts and 1997-A Leased Vehicles containing data reflecting the addition or removal of 1997-A Contracts or 1997-A Leased Vehicles from the 1997-A SUBI Portfolio as of the first day of the current Collection Period (in the case of each Determination Date) or as of the related Subsequent Cutoff Date (in the case of each Transfer Date). Any such supplement shall contain, in addition to the data required by the definition of the term "Schedule of Contracts and Leased Vehicles", an identification of the Discounted Principal Balance of each 1997-A Contract added or removed. In addition, the Servicer shall, on or prior to each Determination Date, cause to be delivered to the Titling Trustee, the 1997-A Securitization Trustee and each Rating Agency a certificate in the name of the Servicer, executed by an officer or authorized signatory therefor in respect of such Collection Period (the "Servicer's Certificate") substantially in the form attached hereto as Exhibit B (and setting forth such additional information as requested by each Rating Agency from time to time and which information the Servicer is able to reasonably provide), containing all information necessary to make the allocations and distributions required by the 1997-A Securitization Trust Agreement in respect of the Collection Period immediately preceding such Determination Date, including the information needed to prepare the statement required by Section 3.03 of the 1997-A
Appears in 1 contract
Sources: 1997 a Subi Servicing Supplement (Toyota Auto Lease Trust 1997-A)
Reporting by the Servicer. (a) On or prior to the 25th day of each calendar month, the Servicer shall cause to be delivered to the Titling Trustee a report in respect of the prior calendar month, setting forth (i) any information relating to the 19971998-A B Contracts or the related Leased Vehicles that normally would be available from a servicer of closed-end automobile and light-duty truck leases and is reasonably requested by the Titling Trustee and (ii) if required, any additional information required by the terms of any Securitized Financing, and (ciii) deliver such other reports, Officer's Certificates or certificates from other authorized signatories as may be necessary pursuant to this 19971998-A B SUBI Servicing Supplement to document to the Titling 1998-B Securitization Trustee the Servicer's right to any further reimbursement of unreimbursed Servicer Expenses.
(b) On or prior to each Determination Date and each Transfer Date, the Servicer shall deliver or cause to be delivered to the Titling Trustee and the 19971998-A B Securitization Trustee a supplement to the Schedule of 19971998-A B Contracts and 19971998-A B Leased Vehicles containing data reflecting the addition or removal of 19971998-A B Contracts or 19971998-A B Leased Vehicles from the 19971998-A B SUBI Portfolio as of the first day of the current Collection Period (in the case of each Determination Date) or as of the related Subsequent Cutoff Date (in the case of each Transfer Date). Any such supplement shall contain, in addition to the data required by the definition of the term "Schedule of Contracts and Leased Vehicles", an identification of the Discounted Principal Balance of each 19971998-A B Contract added or removed. Such reports will be delivered by the Servicer to the 1998-B Securitization Trustee and the Luxembourg Stock Exchange, at such times as set forth in Section 3.03 of the 1998-B Securitization Trust Agreement and will be made available at the offices of each Paying Agent. In addition, the Servicer shall, on or prior to each Determination Date, cause to be delivered to the Titling Trustee, the 19971998-A B Securitization Trustee and Trustee, each Rating Agency Agency, and the Luxembourg Stock Exchange a certificate in the name of the Servicer, executed by an officer or authorized signatory therefor in respect of such Collection Period (the "Servicer's Certificate") substantially in the form attached hereto as Exhibit B (and setting forth such additional information as requested by each Rating Agency from time to time and which information the Servicer is able to reasonably provide), containing all information necessary to make the allocations and distributions applications or payments required by the 19971998-A B Securitization Trust Agreement in respect of the Collection Period immediately preceding such Determination Date, including the information needed to prepare the statement required by Section 3.03 of the 19971998-AB
Appears in 1 contract
Reporting by the Servicer. (a) On or prior to the 25th day of each calendar month, the Servicer shall cause to be delivered to the Titling Trustee a report in respect of the prior calendar month, setting forth (i) any information relating to the 1997-A Contracts or the related Leased Vehicles that normally would be available from a servicer of closed-end automobile and light-duty truck leases and is reasonably requested by the Titling Trustee and (ii) if required, any additional information required by the terms of any Securitized Financing, and (c) deliver such other reports, Officer's Certificates or certificates from other authorized signatories as may be necessary pursuant to this 1997-A SUBI Servicing Supplement to document to the Titling Trustee the Servicer's right to any further reimbursement of unreimbursed Servicer Expenses.
(b) On or prior to each Determination Date and each Transfer Date, the Servicer shall cause to be delivered to the Titling Trustee and the 1997-A Securitization Indenture Trustee a supplement to the revised Schedule of 1997-A Contracts Leases and 1997-A Leased Vehicles Vehicles, containing data reflecting the addition or removal of 1997-A Contracts or 1997-A Leased Vehicles from the 1997-A SUBI Portfolio as of the first last day of the current prior Collection Period (in the case of each Determination Date) or as of the related Subsequent Cutoff Date (in the case of each Transfer Date). Any such supplement , and which shall contain, contain in addition to the data required by the definition of the term "Schedule of Contracts Leases and Leased Vehicles", " an identification of all Leases and Leased Vehicles that are 1999-A Leases and 1999-A Leased Vehicles, the Discounted Principal Balance of each 19971999-A Contract added or removed. In additionLease and the related Cutoff Date for each 1999-A Lease, the Servicer shall, and on or prior to each Determination Date, shall cause to be delivered to the Titling Origination Trustee, the 1997-A Securitization Indenture Trustee and each Rating Agency a certificate in the name of the Servicer, executed by an officer or authorized signatory therefor in respect of such Collection Period (the "Servicer's Certificate") substantially in the form attached hereto as Exhibit B (and setting forth such additional information as requested by each Rating Agency from time to time and which information the Servicer is able to reasonably provide), containing all information necessary to make the allocations and distributions required by Sections 9.02(f) hereof, 12.01(c) of the 19971999-A SUBI Supplement, 3.03 of the Securitization Trust Agreement and Section 8.02(b) of the Indenture in respect of the Collection Period immediately preceding such Determination Date. On or prior to each Deposit Date, including the information needed Servicer shall cause to prepare be delivered to the Indenture Trustee the statement required by Section 3.03 3.06(a) of the 1997-ASecuritization Trust Agreement. Within the time required by Section 3.06(b) of the Securitization Trust Agreement, the Servicer shall cause to be delivered to the Indenture Trustee the statements required by that Section. Any Noteholder or Note Owner may obtain a copy of a Servicer's Certificate upon written request.
Appears in 1 contract
Sources: Servicing Agreement (World Omni 1999-a Automobile Lease Securitization Trust)
Reporting by the Servicer. (a) On or prior to the 25th day of each calendar month, the Servicer shall cause to be delivered to the Titling Trustee a report in respect of the prior calendar month, setting forth (i) any information relating to the 19971998-A B Contracts or the related 1998-B Leased Vehicles that normally would be available from a servicer of closed-end automobile and light-duty truck leases and is reasonably requested by the Titling Trustee and (ii) if required, any additional information required by the terms of any Securitized Financing, and (ciii) deliver such other reports, Officer's Certificates or certificates from other authorized signatories as may be necessary pursuant to this 19971998-A B SUBI Servicing Supplement to document to the Titling 1998-B Securitization Trustee the Servicer's right to any further reimbursement of unreimbursed Servicer Expenses.
(b) On or prior to each Determination Date and each Transfer Date, the Servicer shall deliver or cause to be delivered to the Titling Trustee and the 19971998-A B Securitization Trustee a supplement to the Schedule of 19971998-A B Contracts and 19971998-A B Leased Vehicles containing data reflecting the addition or removal of 19971998-A B Contracts or 19971998-A B Leased Vehicles from the 19971998-A B SUBI Portfolio as of the first day of the current Collection Period (in the case of each Determination Date) or as of the related Subsequent Cutoff Date (in the case of each Transfer Date). Any such supplement shall contain, in addition to the data required by the definition of the term "Schedule of Contracts and Leased Vehicles", an identification of the Discounted Principal Balance of each 19971998-A B Contract added or removed. Such reports will be delivered by the Servicer to the 1998-B Securitization Trustee and the Luxembourg Stock Exchange, at such times as set forth in Section 3.03 of the 1998-B Securitization Trust Agreement and will be made available at the offices of each Paying Agent. In addition, the Servicer shall, on or prior to each Determination Date, cause to be delivered to the Titling Trustee, the 19971998-A B Securitization Trustee and Trustee, each Rating Agency and the Luxembourg Stock Exchange a certificate in the name of the Servicer, executed by an officer or authorized signatory therefor in respect of such Collection Period (the "Servicer's Certificate") substantially in the form attached hereto as Exhibit B (and setting forth such additional information as requested by each Rating Agency from time to time and which information the Servicer is able to reasonably provide), containing all information necessary to make the allocations and distributions required by the 1997-A Securitization Trust Agreement in respect of the Collection Period immediately preceding such Determination Date, including the information needed to prepare the statement required by Section 3.03 of the 1997-ACollection
Appears in 1 contract
Sources: Servicing Supplement (Toyota Auto Lease Trust 1998-B)
Reporting by the Servicer. (a) On or prior to the 25th day of each calendar month, the Servicer shall cause to be delivered to the Titling Trustee a report in respect of the prior calendar month, setting forth (i) any information relating to the 19971998-A C Contracts or the related 1998-C Leased Vehicles that normally would be available from a servicer of closed-end automobile and light-duty truck leases and is reasonably requested by the Titling Trustee and (ii) if required, any additional information required by the terms of any Securitized Financing, and (ciii) deliver such other reports, Officer's Certificates or certificates from other authorized signatories as may be necessary pursuant to this 19971998-A C SUBI Servicing Supplement to document to the Titling 1998-C Securitization Trustee the Servicer's right to any further reimbursement of unreimbursed Servicer Expenses.
(b) On or prior to each Determination Date and each Transfer Date, the Servicer shall deliver or cause to be delivered to the Titling Trustee and the 19971998-A C Securitization Trustee a supplement to the Schedule of 19971998-A C Contracts and 19971998-A C Leased Vehicles containing data reflecting the addition or removal of 19971998-A C Contracts or 19971998-A C Leased Vehicles from the 19971998-A C SUBI Portfolio as of the first day of the current Collection Period (in the case of each Determination Date) or as of the related Subsequent Cutoff Date (in the case of each Transfer Date). Any such supplement shall contain, in addition to the data required by the definition of the term "Schedule of Contracts and Leased Vehicles", an identification of the Discounted Principal Balance of each 1997-A Contract added or removed. In addition, the Servicer shall, on or prior to each Determination Date, cause to be delivered to the Titling Trustee, the 1997-A Securitization Trustee and each Rating Agency a certificate in the name of the Servicer, executed by an officer or authorized signatory therefor in respect of such Collection Period (the "Servicer's Certificate") substantially in the form attached hereto as Exhibit B (and setting forth such additional information as requested by each Rating Agency from time to time and which information the Servicer is able to reasonably provide), containing all information necessary to make the allocations and distributions required by the 1997-A Securitization Trust Agreement in respect of the Collection Period immediately preceding such Determination Date, including the information needed to prepare the statement required by Section 3.03 of the 1997-ADiscounted
Appears in 1 contract
Sources: Trust and Servicing Agreement (Toyota Auto Lease Trust 1998 C)
Reporting by the Servicer. (a) On or prior Notwithstanding anything herein to the 25th day of each calendar monthcontrary, with respect to any Investments serviced under the Custody Agreement, the Servicer shall cause to be delivered deliver to the Titling Trustee Buyer and the Custodian (as such term is defined under the Custody Agreement) on the third Business Day prior to the Repurchase Date, a report Collection Report (as such term is defined under the Custody Agreement) setting forth all payments and collections received by the Servicer in respect of the prior calendar month, setting forth (i) any information relating to the 1997-A Contracts or Investments as of the related Leased Vehicles that normally would Determination Date, which Collection Report shall be available from a servicer dated as of closed-end automobile and light-duty truck leases and is reasonably requested by the Titling Trustee and (ii) if required, any additional information required by the terms of any Securitized Financing, and (c) deliver such other reports, Officer's Certificates or certificates from other authorized signatories as may be necessary pursuant to this 1997-A SUBI Servicing Supplement to document to the Titling Trustee the Servicer's right to any further reimbursement of unreimbursed Servicer Expensesrelated Determination Date.
(b) On or prior to before each Determination Date and each Transfer Remittance Date, the Servicer shall cause to be delivered render to the Titling Trustee and the 1997-A Securitization Trustee Owner a supplement report reflecting activity with respect to the Schedule of 1997-A Contracts and 1997-A Leased Vehicles containing data reflecting the addition or removal of 1997-A Contracts or 1997-A Leased Vehicles from the 1997-A SUBI Portfolio Investments as of the first day close of business on the current Collection Period preceding Determination Date (or, in the case of each Determination the first Remittance Date, the Servicing Transfer Date) in a format and containing such information as the Owner shall reasonably require.
(c) Each year beginning in the calendar year which immediately succeeds the year hereof, the Servicer shall prepare and file the reports of foreclosures and abandonments of any Investment Property and the annual information returns with respect to each Obligor's debt service or lease payments under the Investments as required by Sections 6050J and 6050H, respectively, of the Internal Revenue Code and the rules and regulations promulgated thereunder, as amended.
(d) Not later than twenty days after each Remittance Date, the Servicer shall forward to the Owner a statement, setting forth the status of the Accounts as of the related Subsequent Cutoff close of business on such Remittance Date showing, for the period from the preceding Remittance Date (or, in the case of each the first Remittance Date, the Servicing Transfer Date). Any ) to such supplement shall containRemittance Date, in addition the aggregate of deposits into and withdrawals from the Accounts.
(e) The Servicer will provide the Owner with immediate Internet website access to all information with respect to the data Investments which is available through the Servicer's Portfolio Investor® Insight or any successor facility or system, as applicable, subject to such reasonable policies, procedures and limitations as the parties may agree upon from time to time. The Servicer will provide the Obligors with immediate Internet website access to all information with respect to the Investments which is available through the Servicer's Borrower Insight® or any successor facility or system, as applicable, subject to such reasonable policies, procedures and limitations as the parties may agree upon from time to time.
(f) The Servicer shall use its Reasonable Efforts to promptly collect from each Obligor (and forward on to the Owner) the property operating statements, rent rolls, financial statements and other financial reports which are required to be delivered by the definition Obligor pursuant to the related Investment Documents. The Servicer shall promptly (i) review and analyze such items as may be collected; (ii) prepare written reports based on such analysis; and (iii) deliver copies of such written reports to the term "Schedule Owner.
(g) Servicer will work with Owner to develop the necessary monthly electronic data transfer protocols in order to populate Owner's internal data warehouse. The parties acknowledge and agree that no modifications to the Servicer's Enterprise! Loan Management system will be required to perform the contemplated servicing activities.
(h) Unless otherwise specifically stated herein, if the Servicer is required to deliver any statement, report or information under any provisions of Contracts and Leased Vehicles", an identification of the Discounted Principal Balance of each 1997-A Contract added or removed. In additionthis Agreement, the Servicer shallmay satisfy such obligation by (x) physically delivering a paper copy of such statement, report or information, (y) delivering such statement, report or information in a commonly used electronic format or (z) making such statement, report or information available on or prior to each Determination Datethe Servicer's Internet website, cause to be delivered unless this Agreement expressly specifies a particular method of delivery.
(i) Upon reasonable written request and to the Titling Trusteeextent obtained by Servicer hereunder, the 1997-A Securitization Trustee Servicer will provide to Owner any and each Rating Agency a certificate in the name of the Servicer, executed by an officer or authorized signatory therefor in respect of such Collection Period all financial information and/or financial statements (the "Servicer's Certificate") substantially and in the form attached hereto as Exhibit B or forms) of the Obligor (and setting forth such additional information as i) requested by each Rating Agency Owner in connection with Owner's filings with or disclosures to any governmental authority, including without limitation, the financial statements required in connection with the SEC registration statements of Owner, or any Affiliate of Owner, as described in Staff Accounting Bulletins 71 and 71A, or (ii) as reasonably requested by Owner from time to time and which information the Servicer is able to reasonably provide), containing all information necessary to make the allocations and distributions required by the 1997-A Securitization Trust Agreement in respect of the Collection Period immediately preceding such Determination Date, including the information needed to prepare the statement required by Section 3.03 of the 1997-Atime.
Appears in 1 contract
Reporting by the Servicer. (a) On or prior The Servicer shall deliver to the 25th day of each calendar month, the Servicer shall cause Indenture Trustee all reports and other documents required to be delivered to the Titling Origination Trustee a report in respect of the prior calendar month, setting forth (i) any information relating pursuant to the 1997-A Contracts or the related Leased Vehicles that normally would be available from a servicer of closed-end automobile and light-duty truck leases and is reasonably requested by the Titling Trustee and Servicing Agreement (iiincluding Section 3.01 thereof) if required, any additional information required by the terms of any Securitized Financing, and (c) deliver such other reports, Officer's Certificates or certificates from other authorized signatories as may be necessary pursuant to this 1997-A SUBI Servicing Supplement to document concurrently with their delivery to the Titling Trustee the Servicer's right to any further reimbursement of unreimbursed Servicer ExpensesOrigination Trustee.
(b) On or prior to each Determination Date and each Transfer Date, the Servicer shall cause to be delivered to the Titling Origination Trustee and the 1997-A Securitization Indenture Trustee a supplement to the revised Schedule of 1997-A Contracts Leases and 1997-A Leased Vehicles Vehicles, containing data reflecting the addition or removal of 1997-A Contracts or 1997-A Leased Vehicles from the 1997-A SUBI Portfolio as of the first last day of the current prior Collection Period (in the case of each Determination Date) or as of the related Subsequent Cutoff Date (in the case of each Transfer Date). Any such supplement , and which shall contain, contain in addition to the data required by the definition of the term "Schedule of Contracts Leases and Leased Vehicles", " an identification of all Leases and Leased Vehicles that are 1997-B Leases and 1997-B Leased Vehicles, the Discounted Principal Balance of each 1997-A Contract added or removed. In additionB Lease and the related Cutoff Date for each 1997-B Lease, the Servicer shall, and on or prior to each Determination Date, shall cause to be delivered to the Titling Origination Trustee, the 1997-A Securitization Indenture Trustee and each Rating Agency a certificate in the name of the Servicer, executed by an officer or authorized signatory therefor in respect of such Collection Period (the "Servicer's Certificate") substantially in the form attached hereto as Exhibit B (and setting forth such additional information as requested by each Rating Agency from time to time and which information the Servicer is able to reasonably provide), containing all information necessary to make the allocations and distributions required by Sections 9.02(f) hereof, 12.01(c) of the 1997-A B SUBI Supplement, 3.03 of the Securitization Trust Agreement and Section 8.02(b) of the Indenture in respect of the Collection Period immediately preceding such Determination Date. On or prior to each Deposit Date, including the information needed Servicer shall cause to prepare be delivered to the Indenture Trustee the statement required by Section 3.03 3.06(a) of the 1997-ASecuritization Trust Agreement. Within the time required by Section 3.06(b) of the Securitization Trust Agreement, the Servicer shall cause to be delivered to the Indenture Trustee the statements required by that Section. Any Noteholder or Note Owner may obtain a copy of a Servicer's Certificate upon written request.
Appears in 1 contract
Sources: Servicing Agreement (World Omni Lease Securitization L P /De/)