Determination Date Reports. On the second Business Day following each Determination Date, the Servicer shall deliver to the Trustee a report, prepared as of the close of business on the Determination Date (the “Determination Date Report”), and shall forward to the Trustee in the form of computer readable electromagnetic tape or disk a copy of such report in a format acceptable to the Trustee. The Determination Date Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the Servicer and that is required by the Trustee for purposes of making the calculations and providing the reports referred to in this Agreement, as set forth in written specifications or guidelines issued by the Trustee from time to time. Such information shall include the aggregate amounts required to be withdrawn from the Collection Account and deposited into the Distribution Account pursuant to Section 3.07. Such information shall also include (a) the number of Mortgage Loans that prepaid in the previous month; (b) the loan balance of each such Mortgage Loan; (c) whether a prepayment penalty was applied to such Mortgage Loan; and (d) the amount of prepayment penalty with respect to each such Mortgage Loan. The Servicer agrees to cooperate with the Trustee in providing all information as is reasonably requested by the Trustee to prepare the reports required under the Agreement. The determination by the Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Trustee shall be fully protected in relying upon the same without any independent check or verification.
Determination Date Reports. 61 Section 3.24. Advances.............................................................................62 Section 3.25. Compensating Interest Payments.......................................................63
Determination Date Reports. (a) Monthly Reports. Each month, not later than 12:00 noon Dallas time on the fifth Business Day preceding each Payment Date, the Servicer shall deliver to the Trustee, by telecopy, the receipt and legibility of which shall be confirmed telephonically, with hard copy thereof to be delivered on the next Business Day, with copies to the Supervisory Servicer (if other than the Trustee), the Noteholders, the U.S. Small Business Administration and the Rating Agency, a Determination Date Report in the form attached hereto as Exhibit D signed by a Servicing Officer stating the date (day, month and year), referring to this Agreement by name and date and stating, as of the close of business on the immediately preceding Determination Date:
(i) the aggregate amount of all funds received in respect of scheduled principal payments on the Loans during the related Collection Period;
(ii) the aggregate amount of interest received on the Loans during the related Collection Period;
(iii) the number and Loan Principal Balances of all Loans which were the subject of Principal Prepayments during the related Collection Period and the aggregate amount of Principal Prepayments received with respect to the Loans during such Collection Period;
(iv) the aggregate Loan Principal Balance of the Loans as of the related Determination Date, stating any REO Properties separately;
(v) the loan number and Loan Principal Balance of each Delinquent Loan for the related Collection Period;
(vi) the loan number and the aggregate number and aggregate Loan Principal Balance of Loans delinquent 31 days, 91 days and 181 or more days as of the Determination Date;
(vii) the loan number and the aggregate number and aggregate Loan Principal Balance of Loans which were Charged-Off Loans as of the Determination Date and the related recovery thereon;
(viii) the number and aggregate Loan Principal Balance of Loans (i) which will be released from the lien of the Indenture during the related Collection Period or on the related Payment Date, (ii) which have been repurchased including the Takeout Price therefor and (iii) which have been substituted for a Substitute Loan including any Asset Substitution Shortfall therefor;
(ix) the number and aggregate Loan Principal Balance of Loans which were in foreclosure as of the related Determination Date;
(x) with respect to any Loan that became an REO Property during the related Collection Period, (a) the Loan Principal Balance of such Loan as of the date title to such ...
Determination Date Reports. 20 SECTION 5.2. REPORTS OF FORECLOSURE AND ABANDONMENT OF MORTGAGED PROPERTY..........................22 SECTION 5.3. QUARTERLY STATEMENT AS TO COMPLIANCE..................................................22 SECTION 5.4. ANNUAL INDEPENDENT PUBLIC ACCOUNTANTS' SERVICING REPORT...............................22 SECTION 5.5. SERVICERS' FINANCIAL STATEMENTS; ANNUAL CERTIFICATION.................................23 ARTICLE VI. DEFAULTS.................................................................................24 SECTION 6.1. SERVICER DEFAULTS.....................................................................24
Determination Date Reports. 25 Section 4.02. RESERVED............................................................................25 Section 4.03. PAYMENT ACCOUNT.....................................................................25 Section 4.04. ADVANCES............................................................................26 Section 4.05. COMPENSATING INTEREST PAYMENTS......................................................26 ARTICLE V The Master Servicer
Determination Date Reports. 37 SECTION 3.24 ADVANCES.....................................................................................37 SECTION 3.25
Determination Date Reports. 19 Section 5.2 Reports of Foreclosure and Abandonment of Mortgaged Property.........................22 Section 5.3 Quarterly Statement as to Compliance.................................................22 Section 5.4 Annual Independent Public Accountants' Servicing Report..............................22 Section 5.5 Servicer's Financial Statements; Annual Certification................................22 ARTICLE VI DEFAULTS...........................................................................................23
Determination Date Reports. Section 3.23. dvances.................................................................................... Section 3.24.
Determination Date Reports. On the second Business Day following each Determination Date, the Master Servicer shall deliver to the Indenture Trustee a report, prepared as of the close of business on the Determination Date (the "Determination Date Report"), in the form of a magnetic tape or disk or such other method as to which the Master Servicer and Indenture Trustee shall agree. The Determination Date Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the Master Servicer and that is required by the Indenture Trustee for purposes of making the calculations and providing the reports referred to in the Indenture, as set forth in written specifications or guidelines issued by the Indenture Trustee from time to time. Such information shall include the aggregate amounts required to be withdrawn from the Collection Account and deposited into the Payment Account pursuant to 3.07. In addition, prior to each Payment Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Collection Period and the total amount of Realized Losses incurred due to a High LTV Loan being 180 days or more delinquent. The amount of each Realized Loss shall be evidenced by an Officer's Certificate delivered to the Indenture Trustee and the Bond Insurer with the related Determination Date Report. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Owner Trustee and Indenture Trustee shall be protected in relying upon the same without any independent check or verification.
Determination Date Reports
