Common use of Additional Monthly Reporting Requirements Clause in Contracts

Additional Monthly Reporting Requirements. (a) In connection with any Securitization Transfer, the Servicer shall provide to the Master Servicer prompt notice of the occurrence of any of the following: any event of default under the terms of this Agreement, any merger, consolidation or sale of substantially all of the assets of the Servicer, the Servicer’s engagement of any Subservicer or Subcontractor, to perform or assist in the performance of any of the Servicer’s obligations under this Agreement, any material litigation involving the Servicer, and any affiliation or other significant relationship between the Servicer and other transaction parties (as such parties are identified to the Servicer by the Initial Purchaser or any Depositor in writing in advance of such Securitization Transfer). (b) No later than ten days prior to the deadline for the filing of any Distribution Report on Form 10-D in respect of any Securitization Transfer that includes any of the Mortgage Loans serviced by the Servicer, the Servicer shall provide to the Master Servicer notice of the occurrence of any of the following events along with all information, data, and materials related thereto as may be required to be included in the related Distribution Report on Form 10-D (as specified in the provisions of Regulation AB referenced below): (i) any material modifications, extensions or waivers of pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time (Item 1121(a)(11) of Regulation AB); (ii) material breaches of pool asset representations or warranties or transaction covenants (Item 1121(a)(12) of Regulation AB); and (iii) information regarding new asset-backed securities issuances backed by the same pool assets, any pool asset changes (such as additions, substitutions or repurchases), and any material changes in origination, underwriting or other criteria for acquisition or selection of pool assets (Item 1121(a)(14) of Regulation AB).

Additional Monthly Reporting Requirements. (a) In connection with any Securitization Transfer, the Servicer i. The Seller shall provide to the Master Servicer prompt notice of the occurrence of any of the following: any event of default under the terms of this Agreement, ; any merger, consolidation or sale of substantially all of the assets of the Servicer, Seller; the ServicerSeller’s engagement of any Subservicer subservicer, contractor or Subcontractor, vendor to perform or assist in the performance of any of the ServicerSeller’s obligations under this Agreement, ; any material litigation involving the Servicer, Seller; and any affiliation or other significant relationship between the Servicer Seller and other transaction parties (as such parties are identified to the Servicer by the Initial Purchaser or any Depositor in writing in advance of such Securitization Transfer)parties. (b) ii. No later than ten days prior to the deadline for the filing of any Distribution Report on Form 10-D in respect of any Securitization Transfer that includes any of the Mortgage Loans serviced by the ServicerSeller, the Servicer Seller shall provide to the Master Servicer notice of the occurrence of any of the following events along with all information, data, data and materials related thereto as may be required to be included in the related Distribution Report on Form 10-D (as specified in the provisions of Regulation AB referenced below): a. any material changes to the definition or determination of delinquencies, charge-offs and uncollectible accounts (iItem 1121(a) (9) of Regulation AB); b. any material modifications, extensions or waivers of pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time (Item 1121(a)(111121(a) (11) of Regulation AB); (ii) c. material breaches of pool asset representations or warranties or transaction covenants (Item 1121(a)(121121(a) (12) of Regulation AB); and; (iii) d. information regarding new asset-backed securities security issuances backed by the same pool assets, any pool asset changes (such as as, additions, substitutions or repurchases), and any material changes in origination, underwriting or other criteria for acquisition or selection of pool assets (Item 1121(a)(141121(a) (14) of Regulation AB).