Common use of Additional Reports by Trustee Clause in Contracts

Additional Reports by Trustee. (a) The Trustee shall report to the Sponsor, the Servicer and the Certificate Insurer with respect to the amount then held in each Account (including investment earnings accrued or scheduled to accrue) held by the Trustee and the identity of the investments included therein, as the Sponsor, the Servicer or the Certificate Insurer may from time to time request. Without limiting the generality of the foregoing, the Trustee shall, at the request of the Sponsor, the Servicer or the Certificate Insurer, transmit promptly to the Sponsor, the Servicer and the Certificate Insurer copies of all accountings of receipts in respect of the Mortgage Loans furnished to it by the Servicer. The content of reports by the Trustee pursuant to this subsection shall consist of its trust accounting system statements. (b) The Trustee is hereby authorized to execute purchases and sales directed by the Servicer through the facilities of its own trading or capital markets operations. The Trustee shall send statements to the servicer monthly reflecting activity for each account created hereunder for the preceding month. Although the Servicer recognizes that it may obtain a broker confirmation or written statement containing comparable information at no additional cost, the Servicer hereby agrees that confirmations of investments are not required to be issued by the Trustee for each month in which a monthly statement is rendered. No statement need be rendered pursuant to the provision hereof if no activity occurred in the account for such month. (c) From time to time, at the request of the Certificate Insurer, the Trustee shall report to the Certificate Insurer and each of Xxxxx'x and S&P with respect to its actual knowledge, without independent investigation, of any breach of any of the Representations and Warranties. On the date that is eighteen months after the Startup Day, the Trustee shall provide the Certificate 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 Originator under the related Master Transfer Agreement or by the Sponsor under Section 3.4(a) hereof with respect thereto.

Additional Reports by Trustee. (a) The Trustee shall report to the Sponsor, Unaffiliated Seller and the Servicer and the Certificate Insurer with respect to the amount then held in each Account (including investment earnings accrued or scheduled to accrue) held by the Trustee and the identity of the investments included therein, as the Sponsor, Unaffiliated Seller or the Servicer or the Certificate Insurer may from time to time request. Without limiting the generality of the foregoing, the Trustee shall, at the request of the Sponsor, the Servicer Unaffiliated Seller or the Certificate InsurerServicer, transmit promptly to the Sponsor, Unaffiliated Seller and the Servicer and the Certificate Insurer copies of all accountings of receipts in respect of the Mortgage Loans furnished to it by the Servicer. The content of reports by the Trustee pursuant to this subsection shall consist of its trust accounting system statements. (b) The Trustee is hereby authorized to execute purchases and sales directed by the Servicer through the facilities of its own or one of its affiliates trading or capital markets operations. The Trustee shall send statements to the servicer Servicer monthly reflecting activity for each account created hereunder for the preceding month. Although the Servicer recognizes that it may obtain a broker confirmation or written statement containing comparable information at no additional cost, the Servicer hereby agrees that confirmations of investments are not required to be issued by the Trustee for each month in which a monthly statement is rendered. No statement need be rendered pursuant to the provision hereof if no activity occurred in the account for such month. (c) From time to time, at At the request of any Owner, the Certificate InsurerUnderwriter, the Depositor, or either Rating Agency, the Trustee shall report to furnish such other reports regarding the Certificate Insurer Certificates or Mortgage Loans if the Trustee can reasonably prepare such reports from the information provided by the Servicer and each of Xxxxx'x if such requesting party pays the fees and S&P with respect to its actual knowledge, without independent investigation, of any breach of any expenses of the Representations Trustee for their preparation and Warranties. On the date that is eighteen months after the Startup Day, the Trustee shall provide the Certificate 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 Originator under the related Master Transfer Agreement or by the Sponsor under Section 3.4(a) hereof with respect theretodelivery.

Additional Reports by Trustee. (a) The Trustee shall report to the Sponsor, Unaffiliated Seller and the Servicer and the Certificate Insurer with respect to the amount then held in each Account (including investment earnings accrued or scheduled to accrue) held by the Trustee and the identity of the investments included therein, as the Sponsor, Unaffiliated Seller or the Servicer or the Certificate Insurer may from time to time request. Without limiting the generality of the foregoing, the Trustee shall, at the request of the Sponsor, the Servicer Unaffiliated Seller or the Certificate InsurerServicer, transmit promptly to the Sponsor, Unaffiliated Seller and the Servicer and the Certificate Insurer copies of all accountings of receipts in respect of the Mortgage Loans furnished to it by the Servicer. The content of reports by the Trustee pursuant to this subsection shall consist of its trust accounting system statements. (b) The Trustee is hereby authorized to execute purchases and sales directed by the Servicer through the facilities of its own or one of its affiliate's trading or capital markets operations. The Trustee shall send statements to the servicer Servicer monthly reflecting activity for each account created hereunder for the preceding month. Although the Servicer recognizes that it may obtain a broker confirmation or written statement containing comparable information at no additional cost, the Servicer hereby agrees that confirmations of investments are not required to be issued by the Trustee for each month in which a monthly statement is rendered. No statement need be rendered pursuant to the provision hereof if no activity occurred in the account for such month. (c) From time to time, at At the request of any Owner, the Certificate InsurerUnderwriters, the Depositor, or either Rating Agency, the Trustee shall report to furnish such other reports regarding the Certificate Insurer Certificates or Mortgage Loans if the Trustee can reasonably prepare such reports from the information provided by the Servicer and each of Xxxxx'x if such requesting party pays the fees and S&P with respect to its actual knowledge, without independent investigation, of any breach of any expenses of the Representations Trustee for their preparation and Warranties. On the date that is eighteen months after the Startup Day, the Trustee shall provide the Certificate 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 Originator under the related Master Transfer Agreement or by the Sponsor under Section 3.4(a) hereof with respect theretodelivery.

Additional Reports by Trustee. (a) The Trustee shall report to the SponsorOriginator, the Master Servicer and the Certificate Insurer with respect to the amount then held in each Account (including investment earnings accrued or scheduled to accrue) held by the Trustee and the identity of the investments included therein, as the SponsorOriginator, the Master Servicer or the Certificate Insurer may from time to time request. Without limiting the generality of the foregoing, the Trustee shall, at the request of the SponsorOriginator, the Master Servicer or the Certificate Insurer, transmit promptly to the SponsorOriginator, the Master Servicer and the Certificate Insurer copies of all accountings accounting of aggregate receipts in respect of the Mortgage Loans furnished to it by the Servicer. The content of reports Master Servicer pursuant to Section 8.8(d)(ii) hereof and shall notify the Originator, the Master Servicer and the Certificate Insurer if any such receipts have not been received by the Trustee pursuant to this subsection shall consist of its trust accounting system statementsTrustee. (b) The Trustee is hereby authorized to execute purchases and sales directed by the Servicer through the facilities of its own trading or capital markets operations. The Trustee shall send statements to the servicer monthly reflecting activity for each account created hereunder for the preceding month. Although the Servicer recognizes that it may obtain a broker confirmation or written statement containing comparable information at no additional cost, the Servicer hereby agrees that confirmations of investments are not required to be issued by the Trustee for each month in which a monthly statement is rendered. No statement need be rendered pursuant to the provision hereof if no activity occurred in the account for such month. (c) From time to time, at the request of the Certificate Insurer, the Trustee shall report to the Certificate Insurer and each of Xxxxx'x and S&P with respect to its actual knowledge, without independent investigation, of any breach of any of the Representations and Warrantiesrepresentations or warranties relating to individual Mortgage Loans set forth in Section 3.3(a) hereof. On the date that is eighteen months after the Startup Closing Day, the Trustee shall provide the Certificate 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 Originator under the related Master Transfer Agreement or by the Sponsor Originators under Section 3.4(a3.4(b) hereof with respect thereto. (c) On a quarterly basis during the Revolving Period, commencing on February 26, 1997 the Master Servicer shall deliver to the Certificate Insurer, Xxxxx'x and S&P a mortgage portfolio tape containing the characteristics of all Subsequent Mortgage Loans added to the Trust since the Closing Date.

Additional Reports by Trustee. (a) The Trustee shall report to the SponsorUnaffiliated Seller, the Servicer and the Certificate Insurer with respect to the amount then held in each Account (including investment earnings accrued or scheduled to accrue) held by the Trustee and the identity of the investments included therein, as the SponsorUnaffiliated Seller, the Servicer or the Certificate Insurer may from time to time request. Without limiting the generality of the foregoing, the Trustee shall, at the request of the SponsorUnaffiliated Seller, the Servicer or the Certificate Insurer, transmit promptly to the SponsorUnaffiliated Seller, the Servicer and the Certificate Insurer copies of all accountings of receipts in respect of the Mortgage Loans furnished to it by the Servicer. The content of reports by the Trustee pursuant to this subsection shall consist of its trust accounting system statements. (b) The Trustee is hereby authorized to execute purchases and sales directed by the Servicer through the facilities of its own trading or capital markets operations. The Trustee shall send statements to the servicer monthly reflecting activity for each account created hereunder for the preceding month. Although the Servicer recognizes that it may obtain a broker confirmation or written statement containing comparable information at no additional cost, the Servicer hereby agrees that confirmations of investments are not required to be issued by the Trustee for each month in which a monthly statement is rendered. No statement need be rendered pursuant to the provision hereof if no activity occurred in the account for such month. (c) From time to time, at the request of the Certificate Insurer, the Trustee shall report to the Certificate Insurer and each of Xxxxx'x and S&P with respect to its actual knowledge, without independent investigation, of any breach of any of the Representations and Warranties. On the date that is eighteen months after the Startup Day, the Trustee shall provide the Certificate 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 Originator under the related Master Transfer Unaffiliated Seller's Agreement or by the Sponsor Unaffiliated Seller under Section 3.4(a) hereof with respect thereto.