Common use of Additional Reports by Indenture Trustee Clause in Contracts

Additional Reports by Indenture Trustee. (a) The Indenture Trustee shall report to the Sponsor, the Master Servicer and the Note Insurer with respect to the amount then held in each Account (including investment earnings accrued or scheduled to accrue) held by the Indenture Trustee and the identity of the investments included therein, as the Sponsor, the Master Servicer or the Note Insurer may from time to time request. Without limiting the generality of the foregoing, the Indenture Trustee shall, at the request of the Sponsor, the Master Servicer or the Note Insurer, transmit promptly to the Sponsor, the Master Servicer and the Note Insurer copies of all accounting of aggregate receipts in respect of the Mortgage Loans furnished to it by the Master Servicer pursuant to Section 4.8(d)(ii) of the Sale and Servicing Agreement and shall notify the Sponsor, the Master Servicer and the Note Insurer if any such receipts have not been received by the Indenture Trustee. (b) From time to time, at the request of the Note Insurer, the Indenture Trustee shall report to the Note Insurer with respect to its actual knowledge, without independent investigation, of any breach of any of the representations or warranties relating to individual Mortgage Loans set forth in Section 3.3(a) of the Sale and Servicing Agreement. On the date that is eighteen months after the Closing Date, the Indenture Trustee shall provide the Note Insurer with a written report of all of such inaccuracies to such date of which it has actual knowledge, without independent investigation, and of the action taken by the Sponsor under Section 3.4(b) of the Sale and Servicing Agreement with respect thereto.

Additional Reports by Indenture Trustee. (a) The Indenture Trustee shall report to the Sponsor, the Master Servicer and the Note Insurer with respect to the amount then held in each Account (including investment earnings accrued or scheduled to accrue) held by the Indenture Trustee and the identity of the investments included therein, as the Sponsor, the Master Servicer or the Note Insurer may from time to time request. Without limiting the generality of the foregoing, the Indenture Trustee shall, at the request of the Sponsor, the Master Servicer or the Note Insurer, transmit promptly to the Sponsor, the Master Servicer and the Note Insurer copies of all accounting of aggregate receipts in respect of the Mortgage Loans furnished to it by the Master Servicer pursuant to Section 4.8(d)(ii) of the Sale and Servicing Agreement and shall notify the Sponsor, the Master Servicer and the Note Insurer if any such receipts have not been received by the Indenture Trustee. (b) From time to time, at the request of the Note Insurer, the Indenture Trustee shall report to the Note Insurer with respect to its actual knowledge, without independent investigation, of any breach of any of the representations or warranties relating to individual Mortgage Loans set forth in Section 3.3(a) of the Sale and Servicing Agreement. On the date that is eighteen months after the Closing Date, the Indenture Trustee shall provide the Note Insurer with a written report of all of such inaccuracies to such date of which it has actual knowledge, without independent investigation, and of the action taken by the Sponsor Sponsors under Section 3.4(b) of the Sale and Servicing Agreement with respect thereto.

Additional Reports by Indenture Trustee. (a) The Indenture Trustee shall report to the SponsorSeller, the Master Servicer and the Note Insurer with respect to the amount then held in each Account (including investment earnings accrued or scheduled to accrue) held by the Indenture Trustee and the identity of the investments included therein, as the SponsorSeller, the Master Servicer or the Note Insurer may from time to time request. Without limiting the generality of the foregoing, the Indenture Trustee shall, at the request of the SponsorSeller, the Master Servicer or the Note Insurer, transmit promptly to the SponsorSeller, the Master Servicer and the Note Insurer copies of all accounting of aggregate receipts the Servicer Report in respect of the Mortgage Loans furnished to it by the Master Servicer pursuant to Section 4.8(d)(ii) 4.3 of the Sale and Servicing Agreement and shall notify the SponsorSeller, the Master Servicer and the Note Insurer if any such receipts have not been received by the Indenture Trustee. (b) From time to time, at the request of the Note Insurer, the Indenture Trustee shall report to the Note Insurer with respect to its actual knowledge, without independent investigation, of any breach of any of the representations or warranties relating to individual Mortgage Loans set forth in Section 3.3(a) of the Sale and Servicing Agreement. On the date that is eighteen months 90 days after the 21st day after the Closing Date, the Indenture Trustee shall provide the Note Insurer with a written report of all of such inaccuracies to such date of which it has actual knowledge, without independent investigation, and of the action taken by the Sponsor Seller under Section 3.4(b) of the Sale and Servicing Agreement with respect thereto. (c) The Seller and the Servicer, on behalf of Noteholders and the Trust (the "Trust Parties") may authorize the Indenture Trustee to transmit the loan ------------- level information with respect to the Mortgage Loans, excluding any information relating to the fees or amounts due to the Insurer, contained in reports provided to the Insurer or the Indenture Trustee by the Servicer (the "Information") to The Bloomberg, an on-line computer based on-line information ----------- network maintained by Bloomberg L.P. ("Bloomberg") or on any other on-line --------- computer based information network or service ("Information Network"), or in ------------------- other electronic or print information services deemed acceptable by the Seller or the Servicer as designated in writing to the Indenture Trustee by an Authorized Officer of the Servicer. In the event the Seller and the Servicer authorizes the release of the Information, the Trust Parties agree not to commence any actions or proceedings, or, otherwise assert any claims, against the Indenture Trustee or its affiliates or any of the Indenture Trustee's or it's affiliates' respective agents, representatives, directors, officers or employees (collectively, the "Designated Parties"), arising out of, or related ------------------ to or in connection with the dissemination and/or use of any Information by the Indenture Trustee, including, but not limited to, claims based on allegations of inaccurate or incomplete information by the Indenture Trustee to Bloomberg or to any Information Network or otherwise (other than in connection with the Trustee's negligence or willful misconduct). The Trust Parties waive their rights to assert any such claims against the Designated Parties and fully and finally release the Designated Parties from any and all such claims, demands, obligations, actions and liabilities (other than in connection with such Designated Parties' negligence or willful misconduct). The Indenture Trustee makes no representations or warranties, expressed or implied, of any kind whatsoever with respect to the accuracy, adequacy, timeliness, completeness, merchantability or fitness for any particular purpose of any Information in any form or manner. The authorizations, covenants and obligations of the Trust Parties under this section shall be irrevocable and shall survive the termination of this Indenture.

Additional Reports by Indenture Trustee. (a) The Indenture Trustee shall report to the Sponsor, the Master Servicer and the Note Insurer with respect to the amount then held in each Account (including investment earnings accrued or scheduled to accrue) held by the Indenture Trustee and the identity of the investments included therein, as the Sponsor, the Master Servicer or the Note Insurer may from time to time request. Without limiting the generality of the foregoing, the Indenture Trustee shall, at the request of the Sponsor, the Master Servicer or the Note Insurer, transmit promptly to the Sponsor, the Master Servicer and the Note Insurer copies of all accounting of aggregate receipts in respect of the Mortgage Loans furnished to it by the Master Servicer pursuant to Section 4.8(d)(ii) of the Sale and Servicing Agreement and shall notify the Sponsor, the Master Servicer and the Note Insurer if any such receipts have not been received by the Indenture Trustee. (b) From time to time, at the request of the Note Insurer, the Indenture Trustee shall report to the Note Insurer with respect to its actual knowledge, without independent investigation, of any breach of any of the representations or warranties relating to individual Mortgage Loans set forth in Section 3.3(a) of the Sale and Servicing Agreement. On the date that is eighteen months after the Closing Date, the Indenture Trustee shall provide the Note Insurer with a written report of all of such inaccuracies to such date of which it has actual knowledge, without independent investigation, and of the action taken by the Sponsor under Section 3.4(b) of the Sale and Servicing Agreement with respect thereto.independent

Additional Reports by Indenture Trustee. (a) The Indenture Trustee shall report monthly to the Sponsor, the Master Servicer and the Note Insurer with respect to the amount then held in each Account (including investment earnings accrued or scheduled to accrue) held by the Indenture Trustee and the identity of the investments included therein, as the Sponsor, the Master Servicer or the Note Insurer may from time to time request. Without limiting the generality of the foregoing, the Indenture Trustee shall, at the request of the Sponsor, the Master Servicer or the Note Insurer, transmit promptly to the Sponsor, the Master Servicer and the Note Insurer copies of all accounting of aggregate receipts the Servicer Report in respect of the Mortgage Loans furnished to it by the Master Servicer pursuant to Section 4.8(d)(ii) 4.3 of the Sale and Servicing Agreement and shall notify the Sponsor, the Master Servicer and the Note Insurer if any such receipts have not been received by the Indenture Trustee. (b) From time to time, at the request of the Note Insurer, the Indenture Trustee shall report to the Note Insurer with respect to its actual knowledge, without independent investigation, of any breach of any of the representations or warranties relating to individual Mortgage Loans set forth in Section 3.3(a) of the Sale and Servicing Agreement. On the date that is eighteen months after the Closing Date, the Indenture Trustee shall provide the Note Insurer with a written report of all of such inaccuracies to such date of which it has actual knowledge, without independent investigation, and of the action taken by the Sponsor under Section 3.4(b) of the Sale and Servicing Agreement with respect thereto.