Common use of Collection Account Statements Clause in Contracts

Collection Account Statements. Upon request, not later than fifteen days after each Distribution Date, each Servicer shall forward to the Master Servicer and with respect to Ocwen, to the Securities Administrator, the Trustee and the Depositor a statement prepared by the institution at which the related Collection Account is maintained setting forth the status of the related Collection Account as of the close of business on such Distribution Date and showing, for the period covered by such statement, the aggregate amount of deposits into and withdrawals from the related Collection Account of each category of deposit specified in Section 3.08(a) of this Agreement and each category of withdrawal specified in Section 3.09 of this Agreement. The Master Servicer shall forward the statement provided by Xxxxx Fargo pursuant to the preceding sentence to the Securities Administrator, the Trustee and the Depositor, upon request, within a reasonable time after its receipt of such statement from Xxxxx Fargo. Copies of such statement and any similar statements provided by the Servicers shall be provided by the Securities Administrator to any Certificateholder and to any Person identified to the Securities Administrator as a prospective transferee of a Certificate, upon request at the expense of the requesting party, provided such statement is delivered by the related Servicer to the Securities Administrator.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Ace Securities Corp. Home Equity Loan Trust, Series 2005-Sd3), Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Sd1), Pooling and Servicing Agreement (ACE Securities Corp Home Equity Loan Trust Series 2005-Sd2)

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Collection Account Statements. Upon request, not later than fifteen days after each Distribution Date, each Servicer shall forward to the Master Servicer and with respect to Ocwen, to the Securities Administrator, the Trustee and the Depositor a statement prepared by the institution at which the related Collection Account is maintained setting forth the status of the related Collection Account as of the close of business on such Distribution Date and showing, for the period covered by such statement, the aggregate amount of deposits into and withdrawals from the related Collection Account of each category of deposit specified in Section 3.08(a) of this Agreement and each category of withdrawal specified in Section 3.09 of this Agreement. The Master Servicer shall forward the statement provided by Xxxxx Wxxxx Fargo pursuant to the preceding sentence to the Securities Administrator, the Trustee and the Depositor, upon request, within a reasonable time after its receipt of such statement from Xxxxx Wxxxx Fargo. Copies of such statement and any similar statements provided by the Servicers shall be provided by the Securities Administrator to any Certificateholder and to any Person identified to the Securities Administrator as a prospective transferee of a Certificate, upon request at the expense of the requesting party, provided such statement is delivered by the related Servicer to the Securities Administrator.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Sd2)

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