Common use of Distribution Date Statement Clause in Contracts

Distribution Date Statement. On each Distribution Date, the Securities Administrator shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr to the Depositor and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]; (v) the amount of such distribution to the Holders of Certificates of such Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (vi) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (i) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (ii) the amount of interest from previous calendar months; (vii) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Advances at the close of business on such Distribution Date; (ix) if applicable, the aggregate amount of outstanding Monthly Advances included in such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator during the calendar month preceding the Distribution Date; (x) [Reserved]; (xi) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xii) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (i) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquent), (ii) as to which foreclosure proceedings have been commenced, (iii) as to which the Mortgagor is subject to a bankruptcy proceeding and (iv) secured by REO Properties; (xiii) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xiv) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xv) the aggregate amount of (i) Payoffs and Principal Prepayments made by Xxxxxxxxxx, (ii) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iii) Realized Losses incurred during the related Prepayment Period; (xvi) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xvii) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviii) the Certificate Rate for each Class of Certificates applicable to such Distribution Date; (xix) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Date report specified above, the Securities Administrator shall prepare and make available to each Holder of a Residual Certificate, if any, on each Distribution Date a statement setting forth the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, and the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time are in force.

Appears in 3 contracts

Samples: Master Servicing and Trust Agreement (GSR Mortgage Loan Trust 2005-4f), Master Servicing and Trust Agreement (GSR Mortgage Loan Trust 2005-2f), Master Servicing and Trust Agreement (GSR Mortgage Loan Trust 2005-3f)

AutoNDA by SimpleDocs

Distribution Date Statement. On each Distribution Date, the Securities Administrator shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr to the Depositor and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]; (v) the amount of such distribution to the Holders of Certificates of such Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (vi) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (i) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (ii) the amount of interest from previous calendar months; (vii) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Servicing Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Servicing Advances at the close of business on such Distribution Date; (ix) if applicable, the aggregate amount of outstanding Monthly Advances included in such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator during the calendar month preceding the Distribution Date; (x) [Reserved]; (xi) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xii) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (i) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquent), (ii) as to which foreclosure proceedings have been commenced, (iii) as to which the Mortgagor is subject to a bankruptcy proceeding and (iv) secured by REO Properties; (xiii) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xiv) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xv) the aggregate amount of (i) Payoffs and Principal Prepayments made by XxxxxxxxxxMortgagors, (ii) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iii) Realized Losses incurred during the related Prepayment Period; (xvi) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xvii) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviii) the Certificate Rate for each Class of Certificates applicable to such Distribution Date; (xix) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Date report specified above, the Securities Administrator shall prepare and make available to each Holder of a Residual Certificate, if any, on each Distribution Date a statement setting forth the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, and the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time are in force.

Appears in 3 contracts

Samples: Master Servicing and Trust Agreement (Gs Mortgage Sec Corp Mort Pass THR Certs Ser 2004-3f), Master Servicing and Trust Agreement (Gs Mortgage Sec Corp Mortgage Pass THR Certs Ser 2004-2f), Master Servicing and Trust Agreement (GSR Mortgage Loan Trust 2004-6f)

Distribution Date Statement. On each Distribution Date, the Securities Administrator shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr to the Depositor Depositor, the Interest Rate Cap Counterparty and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]; (v) the amount of such distribution to the Holders of Certificates of such Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (vi) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (i) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (ii) the amount of interest from previous calendar months; (vii) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Advances at the close of business on such Distribution Date; (ix) if applicable, the aggregate amount of outstanding Monthly Advances included in such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator during the calendar month preceding the Distribution Date; (x) [Reserved]; (xi) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xii) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (i) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquent), (ii) as to which foreclosure proceedings have been commenced, (iii) as to which the Mortgagor is subject to a bankruptcy proceeding and (iv) secured by REO Properties; (xiii) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xiv) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xv) the aggregate amount of (i) Payoffs and Principal Prepayments made by Xxxxxxxxxx, (ii) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iii) Realized Losses incurred during the related Prepayment Period; (xvi) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xvii) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviii) the Certificate Rate for each Class of Certificates applicable to such Distribution Date; (xix) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Date report specified above, the Securities Administrator shall prepare and make available to each Holder of a Residual Certificate, if any, on each Distribution Date a statement setting forth the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, and the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time are in force.

Appears in 3 contracts

Samples: Master Servicing and Trust Agreement (Gs Mortgage Securities Corp), Master Servicing and Trust Agreement (GSR Mortgage Loan Trust 2005-6f), Master Servicing and Trust Agreement (GSR Mortgage Loan Trust 2005-5f)

Distribution Date Statement. On each Distribution Date, the Securities Administrator shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially solely on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr xxx.xxxxxxx.xxx to the Depositor Depositor, the Interest Rate Cap Counterparty and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]a statement as to whether any exchanges of Exchangeable Certificates have taken place since the preceding Distribution Date, and, if applicable, the names, certificate balances, including notional balances, pass-through rates, and any interest and principal paid, including any shortfalls allocated, of any classes of Certificates that were received by the Certificateholder as a result of such exchange; (v) the amount of such distribution to the Holders of Certificates of such Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (vi) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (iA) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (iiB) the amount of interest from previous calendar months; (vii) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Advances at the close of business on such Distribution Date; (ix) if applicable, the aggregate amount of outstanding Monthly Advances included in such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator Trustee during the calendar month preceding the Distribution Date; (x) [Reserved]; (xi) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xii) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (iA) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquentdelinquent (each to be calculated using the Mortgage Bankers Association (MBA) method), (iiB) as to which foreclosure proceedings have been commenced, (iiiC) as to which the Mortgagor is subject to a bankruptcy proceeding and (ivD) secured by REO Properties; (xiii) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xiv) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xv) the aggregate amount of (iA) Payoffs and Principal Prepayments made by XxxxxxxxxxMortgagors, (iiB) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iiiC) Realized Losses incurred during the related Prepayment Period; (xvi) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xvii) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviii) the Certificate Rate for each Class of Certificates applicable to such Distribution Date;; and (xix) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Date report Statement that includes the information listed above, the Securities Administrator shall prepare and file a statement including such other information as is required by Form 10-D, including, but not limited to, the information required by Item 1121 (§ 229.1121) of Regulation AB. In addition to the Distribution Statement specified above, the Securities Administrator shall prepare and make available to each Certificateholder (with respect to clauses (i) and (ii) below) and each Holder of a Residual CertificateCertificate (with respect to clauses (iii) and (iv) below), if any, on each Distribution Date a statement setting forth forth: (i) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; (ii) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iii) the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, ; and (iv) the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time are in force.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (GSR Mortgage Loan Trust 2006-1f)

Distribution Date Statement. On each Distribution Date, the Securities Administrator shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially solely on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr xxx.xxxxxxx.xxx to the Depositor Depositor, any Interest Rate Cap Counterparty and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]; (v) the amount of such distribution to the Holders of Certificates of such each Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (viv) the amount of such distribution distributions to the Holders of Certificates of such each Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (iA) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (iiB) the amount of interest from previous calendar months; (viivi) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viiivii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date (including such amounts reimbursed to the Master Servicer or Trustee) and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Advances at the close of business on such Distribution Date; (viii) LIBOR for such Distribution Date; (ix) if applicable, the aggregate amount Certificate Rate for each Class of outstanding Monthly Advances included in Certificates for such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator during the calendar month preceding the Distribution Date; (x) [Reserved]the amount of any Basis Risk Shortfalls on any Floating Rate Certificates that have the benefit of an Interest Rate Cap Agreement; (xi) the amount of any Interest Rate Cap Amounts on any such Certificates referenced in clause (xii) above; (xii) the amounts, if any, deposited into any Basis Risk Reserve Fund on such Distribution Date, and the balance of each Basis Risk Reserve Fund, after such deposits, on such Distribution Date; (xiii) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xiixiv) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (iA) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquentdelinquent (each to be calculated using the Mortgage Bankers Association (MBA) method), (iiB) as to which foreclosure proceedings have been commenced, (iiiC) as to which the Mortgagor is subject to a bankruptcy proceeding and (ivD) secured by REO Properties; (xiiixv) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xivxvi) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xvxvii) the aggregate amount of (iA) Payoffs and Principal Prepayments made by Xxxxxxxxxx, (iiB) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iiiC) Realized Losses incurred during the related Prepayment Period; (xvixviii) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xviixix) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviiixx) the Certificate Rate for each Class of Certificates applicable to such Distribution Date;; and (xixxxi) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Date report Statement that includes the information listed above, the Securities Administrator shall prepare and file a statement including such other information as is required by Form 10-D, including, but not limited to, the information required by Item 1121 (§229.1121) of Regulation AB. In addition to the Distribution Statement specified above, the Securities Administrator shall prepare and make available to each Certificateholder (with respect to clauses (i) and (ii) below) and each Holder of a Residual CertificateCertificate (with respect to clauses (iii) and (iv) below), if any, on each Distribution Date a statement setting forth forth: (i) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; (ii) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iii) the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, ; and (iv) the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time are in force.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (STARM Mortgage Loan Trust 2007-1)

Distribution Date Statement. On each Distribution Date, the Securities Administrator shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially solely on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr xxx.xxxxxxx.xxx to the Depositor Depositor, any Interest Rate Cap Counterparty and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]a statement as to whether any exchanges of Exchangeable Certificates, if any, have taken place since the preceding Distribution Date, and, if applicable, the names, certificate balances, including notional balances, pass-through rates, and any interest and principal paid, including any shortfalls allocated, of any classes of Certificates that were received by the Certificateholder as a result of such exchange; (v) the amount of such distribution distributions to the Holders of Certificates of such each Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (vi) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (iA) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (iiB) the amount of interest from previous calendar months; (vii) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date (including such amounts reimbursed to the Master Servicer or Trustee) and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Advances at the close of business on such Distribution Date; (ix) if applicable, the aggregate amount of outstanding Monthly Advances included in LIBOR for such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator during the calendar month preceding the Distribution Date; (x) [Reserved]the Certificate Rate for each Class of Certificates for such Distribution Date; (xi) the amount of any Basis Risk Shortfalls on any Floating Rate Certificates that have the benefit of an Interest Rate Cap Agreement; (xii) the amount of any Interest Rate Cap Amounts on any such Certificates referenced in clause (xi) above; (xiii) the amounts, if any, deposited into any Basis Risk Reserve Fund on such Distribution Date, and the balance of each Basis Risk Reserve Fund, after such deposits, on such Distribution Date; (xiv) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xiixv) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (iA) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquentdelinquent (each to be calculated using the Mortgage Bankers Association (MBA) method), (iiB) as to which foreclosure proceedings have been commenced, (iiiC) as to which the Mortgagor is subject to a bankruptcy proceeding and (ivD) secured by REO Properties; (xiiixvi) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xivxvii) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xvxviii) the aggregate amount of (iA) Payoffs and Principal Prepayments made by XxxxxxxxxxMortgagors, (iiB) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iiiC) Realized Losses incurred during the related Prepayment Period; (xvixix) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xviixx) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviiixxi) the Certificate Rate for each Class of Certificates applicable to such Distribution Date;; and (xixxxii) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Date report Statement that includes the information listed above, the Securities Administrator shall prepare and file a statement including such other information as is required by Form 10-D, including, but not limited to, the information required by Item 1121 (§229.1121) of Regulation AB. In addition to the Distribution Statement specified above, the Securities Administrator shall prepare and make available to each Certificateholder (with respect to clauses (i) and (ii) below) and each Holder of a Residual CertificateCertificate (with respect to clauses (iii) and (iv) below), if any, on each Distribution Date a statement setting forth forth: (i) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; (ii) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iii) the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, ; and (iv) the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time are in force.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (GSR Mortgage Loan Trust 2007-5f)

Distribution Date Statement. On each Distribution Date, the Securities Administrator shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr http://www.jpmorgan.com/sfr to the Depositor and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal xxx xxxxxxxxx Xxxxxxxxx Xrincipal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]; (v) the amount of such distribution to the Holders of Certificates of such Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (vi) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (i) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (ii) the amount of interest from previous calendar months; (vii) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Servicing Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date Distrixxxxxx Xxte and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Servicing Advances at the close of business on such Distribution Date; (ix) if applicable, the aggregate amount of outstanding Monthly Advances included in inxxxxxx xx such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator during the calendar month preceding the Distribution Date; (x) [Reserved]; (xi) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xii) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (i) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquent), (ii) as to which foreclosure proceedings have been commenced, (iii) as to which the Mortgagor is subject to a bankruptcy proceeding and (iv) secured by REO Properties; (xiii) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xiv) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xv) the aggregate amount of (i) Payoffs and Principal Prepayments made by XxxxxxxxxxMortgagors, (ii) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iii) Realized Losses incurred during the related Prepayment PeriodPrepaymenx Xxxxxx; (xvi) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xvii) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviii) the Certificate Rate for each Class of Certificates applicable to such Distribution Date; (xix) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Date report specified above, the Securities Administrator shall prepare and make available to each Holder of a Residual Certificate, if any, on each Distribution Date a statement setting forth the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, and the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time are in force.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (GSR Mortgage Loan Trust 2004-15f)

Distribution Date Statement. On each Distribution Date, the Securities Administrator shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially solely on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr to the Depositor Depositor, any Interest Rate Cap Counterparty and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]a statement as to whether any exchanges of Exchangeable Certificates have taken place since the preceding Distribution Date, and, if applicable, the names, certificate balances, including notional balances, pass-through rates, and any interest and principal paid, including any shortfalls allocated, of any classes of Certificates that were received by the Certificateholder as a result of such exchange; (v) the amount of such distribution to the Holders of Certificates of such Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (vi) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (iA) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (iiB) the amount of interest from previous calendar months; (vii) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Advances at the close of business on such Distribution Date; (ix) if applicable, the aggregate amount of outstanding Monthly Advances included in such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator Trustee during the calendar month preceding the Distribution Date; (x) [Reserved]; (xi) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xii) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (iA) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquentdelinquent (each to be calculated using the Mortgage Bankers Association (MBA) method), (iiB) as to which foreclosure proceedings have been commenced, (iiiC) as to which the Mortgagor is subject to a bankruptcy proceeding and (ivD) secured by REO Properties; (xiii) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xiv) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xv) the aggregate amount of (iA) Payoffs and Principal Prepayments made by XxxxxxxxxxMortgagors, (iiB) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iiiC) Realized Losses incurred during the related Prepayment Period; (xvi) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xvii) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviii) the Certificate Rate for each Class of Certificates applicable to such Distribution Date;; and (xix) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Date report Statement that includes the information listed above, the Securities Administrator shall prepare and file a statement including such other information as is required by Form 10-D, including, but not limited to, the information required by Item 1121 (§229.1121) of Regulation AB. In addition to the Distribution Statement specified above, the Securities Administrator shall prepare and make available to each Certificateholder (with respect to clauses (i) and (ii) below) and each Holder of a Residual CertificateCertificate (with respect to clauses (iii) and (iv) below), if any, on each Distribution Date a statement setting forth forth: (i) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; (ii) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iii) the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, ; and (iv) the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time are in force.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (GSR 2006-4f)

Distribution Date Statement. On each Distribution Date, the Securities Administrator shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially solely on information provided by the Servicers Servicer in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr xxx.xxxxxxx.xxx to the Depositor and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]; (v) the amount of such distribution to the Holders of Certificates of such each Class (other than Class 2X) to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (viv) the amount of such distribution distributions to the Holders of Certificates of such each Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (iA) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (iiB) the amount of interest from previous calendar months; (viivi) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Sale and Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viiivii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date (including such amounts reimbursed to the Master Servicer or Trustee) and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Advances at the close of business on such Distribution Date; (viii) LIBOR for such Distribution Date; (ix) if applicable, the aggregate amount Certificate Rate for each Class of outstanding Monthly Advances included in Certificates for such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator during the calendar month preceding the Distribution Date; (x) [Reserved]; (xi) [Reserved]; (xii) the amounts, if any, deposited into any Basis Risk Reserve Fund on such Distribution Date, and the balance of each Basis Risk Reserve Fund, after such deposits, on such Distribution Date; (xiii) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xiixiv) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (iA) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquentdelinquent (each to be calculated using the Mortgage Bankers Association (MBA) method), (iiB) as to which foreclosure proceedings have been commenced, (iiiC) as to which the Mortgagor is subject to a bankruptcy proceeding and (ivD) secured by REO Properties; (xiiixv) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xivxvi) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xvxvii) the aggregate amount of (iA) Payoffs and Principal Prepayments made by XxxxxxxxxxMortgagors, (iiB) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iiiC) Realized Losses incurred during the related Prepayment Period; (xvixviii) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xviixix) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviiixx) the Certificate Rate for each Class of Certificates applicable to such Distribution Date;; and (xixxxi) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Date report Statement that includes the information listed above, the Securities Administrator shall prepare and file a statement including such other information as is required by Form 10-D, including, but not limited to, the information required by Item 1121 (§229.1121) of Regulation AB. In addition to the Distribution Statement specified above, the Securities Administrator shall prepare and make available to each Certificateholder (with respect to clauses (i) and (ii) below) and each Holder of a Residual CertificateCertificate (with respect to clauses (iii) and (iv) below), if any, on each Distribution Date a statement setting forth forth: (i) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; (ii) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iii) the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, ; and (iv) the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time are in force.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (STARM Mortgage Loan Trust 2007-4)

Distribution Date Statement. On each Distribution Date, the Securities Administrator shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially solely on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr xxxx://xxx.xxxxxxx.xxx to the Depositor Depositor, any Interest Rate Cap Counterparty and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]a statement as to whether any exchanges of Exchangeable Certificates have taken place since the preceding Distribution Date, and, if applicable, the names, certificate balances, including notional balances, pass-through rates, and any interest and principal paid, including any shortfalls allocated, of any classes of Certificates that were received by the Certificateholder as a result of such exchange; (v) the amount of such distribution to the Holders of Certificates of such Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (vi) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (iA) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (iiB) the amount of interest from previous calendar months; (vii) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Advances at the close of business on such Distribution Date; (ix) if applicable, the aggregate amount of outstanding Monthly Advances included in such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator Trustee during the calendar month preceding the Distribution Date; (x) [Reserved]; (xi) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xii) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (iA) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquentdelinquent (each to be calculated using the Mortgage Bankers Association (MBA) method), (iiB) as to which foreclosure proceedings have been commenced, (iiiC) as to which the Mortgagor is subject to a bankruptcy proceeding and (ivD) secured by REO Properties; (xiii) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xiv) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xv) the aggregate amount of (iA) Payoffs and Principal Prepayments made by XxxxxxxxxxMortgagors, (iiB) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iiiC) Realized Losses incurred during the related Prepayment Period; (xvi) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xvii) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviii) the Certificate Rate for each Class of Certificates applicable to such Distribution Date;; and (xix) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Date report Statement that includes the information listed above, the Securities Administrator shall prepare and file a statement including such other information as is required by Form 10-D, including, but not limited to, the information required by Item 1121 (§229.1121) of Regulation AB. In addition to the Distribution Statement specified above, the Securities Administrator shall prepare and make available to each Certificateholder (with respect to clauses (i) and (ii) below) and each Holder of a Residual CertificateCertificate (with respect to clauses (iii) and (iv) below), if any, on each Distribution Date a statement setting forth forth: (i) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; (ii) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iii) the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, ; and (iv) the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time are in force.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (GSR 2006-5f)

Distribution Date Statement. On each Distribution Date, the Securities Administrator shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially solely on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr xxx.xxxxxxx.xxx to the Depositor Depositor, any Interest Rate Cap Counterparty and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]; (v) the amount of such distribution to the Holders of Certificates of such Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (viv) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (iA) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (iiB) the amount of interest from previous calendar months; (viivi) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viiivii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date (including such amounts reimbursed to the Master Servicer or Trustee) and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Advances at the close of business on such Distribution Date; (viii) LIBOR for such Distribution Date (ix) if applicable, the aggregate amount Certificate Rate for each Class of outstanding Monthly Advances included in Certificates for such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator during the calendar month preceding the Distribution Date; (x) [Reserved]the amount of any Basis Risk Shortfalls on any Floating Rate Certificates that have the benefit of an Interest Rate Cap Agreement; (xi) the amount of any Interest Rate Cap Amounts on any such Certificates referenced in clause (xii) above (xii) the amounts, if any, deposited into any Basis Risk Reserve Fund on such Distribution Date, and the balance of each Basis Risk Reserve Fund, after such deposits, on such Distribution Date; (xiii) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xiixiv) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (iA) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquentdelinquent (each to be calculated using the Mortgage Bankers Association (MBA) method), (iiB) as to which foreclosure proceedings have been commenced, (iiiC) as to which the Mortgagor is subject to a bankruptcy proceeding and (ivD) secured by REO Properties; (xiiixv) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xivxvi) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xvxvii) the aggregate amount of (iA) Payoffs and Principal Prepayments made by XxxxxxxxxxMortgagors, (iiB) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iiiC) Realized Losses incurred during the related Prepayment Period; (xvixviii) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xviixix) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviiixx) the Certificate Rate for each Class of Certificates applicable to such Distribution Date;; and (xixxxi) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Date report Statement that includes the information listed above, the Securities Administrator shall prepare and file a statement including such other information as is required by Form 10-D, including, but not limited to, the information required by Item 1121 (§229.1121) of Regulation AB. In addition to the Distribution Statement specified above, the Securities Administrator shall prepare and make available to each Certificateholder (with respect to clauses (i) and (ii) below) and each Holder of a Residual CertificateCertificate (with respect to clauses (iii) and (iv) below), if any, on each Distribution Date a statement setting forth forth: (i) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; (ii) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iii) the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, ; and (iv) the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time are in force.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (GSR Mortgage Loan Trust 2007-Ar1)

Distribution Date Statement. On each Distribution Date, the Securities Administrator Trustee shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr to the Depositor and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]; (v) the amount of such distribution to the Holders of Certificates of such Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (vi) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (i) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (ii) the amount of interest from previous calendar months; (vii) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Servicing Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Servicing Advances at the close of business on such Distribution Date; (ix) if applicable, the aggregate amount of outstanding Monthly Trustee Advances included in such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator Trustee during the calendar month preceding the Distribution Date; (x) [Reserved]; (xi) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xii) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator Trustee by the Servicer, (i) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquent), (ii) as to which foreclosure proceedings have been commenced, (iii) as to which the Mortgagor is subject to a bankruptcy proceeding and (iv) secured by REO Properties; (xiii) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xiv) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xv) the aggregate amount of (i) Payoffs and Principal Prepayments made by XxxxxxxxxxMortgagors, (ii) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iii) Realized Losses incurred during the related Prepayment Period; (xvi) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xvii) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviii) the Certificate Rate for each Class of Certificates applicable to such Distribution Date; (xix) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Date report specified above, the Securities Administrator Trustee shall prepare and make available to each Holder of a Residual Certificate, if any, on each Distribution Date a statement setting forth the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, and the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer)above, to each Person who at any time during the calendar year was a Holder that requests in writing such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon written request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator Trustee pursuant to any requirements of the Code as from time to time are in force.

Appears in 1 contract

Samples: Trust Agreement (Gs Mortgage Securities Corp. Gsaa Trust 2004-Cw1)

AutoNDA by SimpleDocs

Distribution Date Statement. On each Distribution Date, the [Delaware] Trustee, or the Securities Administrator on behalf of the [Delaware] Trustee shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially solely on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr [ ] to the Depositor Depositor, any Interest Rate Cap Counterparty and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]a statement as to whether any exchanges of Exchangeable Certificates have taken place since the preceding Distribution Date, and, if applicable, the names, certificate balances, including notional balances, pass-through rates, and any interest and principal paid, including any shortfalls allocated, of any classes of Certificates that were received by the Certificateholder as a result of such exchange; (v) the amount of such distribution to the Holders of Certificates of such Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (vi) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Interest Rate applicable to each Class (separately identifying (iA) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (iiB) the amount of interest from previous calendar months); (vii) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Servicing Advances included in such distribution, distribution and the aggregate amount of Monthly Advances reimbursed during and Servicing Advances reported by the calendar month preceding the Distribution Date Servicers (and the aggregate amount Master Servicer, the [Delaware] Trustee as successor Master Servicer and any other successor Master Servicer, if applicable) as outstanding as of unreimbursed Monthly Advances and Xxxxxxxxx Advances at the close of business on such Distribution Datethe last Business Day of the immediately preceding month; (ix) if applicable, the aggregate amount of outstanding Monthly Advances included in such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator Trustee during the calendar month preceding the Distribution Date; (x) [Reserved]LIBOR for such Distribution Date (xi) the amount of any Basis Risk Shortfalls on any Floating Rate Certificates that have the benefit of an Interest Rate Cap Agreement; (xixii) the amount of any Interest Rate Cap Amounts on any such Certificates referenced in clause (xii) above (xiii) the amounts, if any, deposited into any Basis Risk Reserve Fund on such Distribution Date, and the balance of each Basis Risk Reserve Fund, after such deposits, on such Distribution Date; (xiv) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xiixv) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (iA) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquentdelinquent (each to be calculated using the Mortgage Bankers Association (MBA) method), (iiB) as to which foreclosure proceedings have been commenced, and (iiiC) as to which the Mortgagor is subject to a bankruptcy proceeding and (ivD) secured by REO Properties, in each case as of the close of business on the last Business Day of the immediately preceding month; (xiiixvi) for each of the preceding 12 calendar months, or all calendar months since the related Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all outstanding Mortgage Loans on each of the Due Dates in each such month and (B) delinquent 60 days or more on each of the Due Dates in such month; (xvii) with respect to any mortgaged property Mortgaged Property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xivxviii) with respect to all Mortgage Loans that became REO properties during the preceding calendar month, the aggregate number of such Mortgage Loans and the aggregate Scheduled Principal Balance of such Mortgage Loans as of the close of business on the determination date preceding such Distribution Date and the date of acquisition of the REO properties; (xix) the total number and principal balance of any REO properties (and market value, if available) as of the close of business on the determination date preceding such Distribution Date; (xx) whether a Credit Support Depletion Date has occurred; (xxi) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount Notional Amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xvxxii) the aggregate amount of (iA) Payoffs and Principal Prepayments made by XxxxxxxxxxMortgagors, (iiB) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iiiC) Realized Losses incurred during the related Prepayment Period; (xvixxiii) in the aggregate and for each Class of Certificates, the aggregate amount of Realized Losses incurred during the preceding calendar month and aggregate amount of Realized Losses through such Distribution Date; (xxiv) the percentage equal to the aggregate Realized Losses divided by the aggregate Scheduled Principal Balance of the Mortgage Loans as of the Cut-off Date; (xxv) [the amount distributed on the Class [ ] Certificates;] (xxvi) the amount of any Subsequent Recoveries for such Distribution Date; (xxvii) the Record Date for such Distribution Date; (xxviii) updated Mortgage Loan information, such as weighted average interest rate, and weighted average remaining term; (xxix) [material breaches of mortgage loan representations of warranties of which the [Delaware] Trustee, the Securities Administrator, the Master Servicer or any Servicer has knowledge or received written notice;] and (xxx) material breaches of any covenants under the Trust Agreement of which the [Delaware] Trustee, the Securities Administrator, the Master Servicer or any Servicer has received written notice. (xxxi) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xviixxxii) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date;; and (xviii) the Certificate Rate for each Class of Certificates applicable to such Distribution Date; (xixxxxiii) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 [1,000] denomination[; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% [10]% Percentage Interest]. Assistance in using the Securities Administrator’s website can be obtained by calling the Securities Administrator’s customer service desk at [ ]. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by notifying the Securities Administrator at the following address: [ ]. In addition to the Distribution Date report Statement that includes the information listed above, the Securities Administrator shall prepare and file a statement including such other information as is required by Form 10-D, including, but not limited to, the information required by Item 1121 (ss. 229.1121) of Regulation AB. In addition to the Distribution Statement specified above, the Securities Administrator shall prepare and make available to each Certificateholder (with respect to clauses (i) and (ii) below) and each Holder of a Residual CertificateCertificate (with respect to clauses (iii) and (iv) below), if any, on each Distribution Date a statement setting forth forth: (i) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; (ii) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iii) the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, ; and (iv) the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time are in force.

Appears in 1 contract

Samples: Trust Agreement (Gs Mortgage Securities Corp)

Distribution Date Statement. On each Distribution Date, the Securities Administrator shall prepare a statement as to such distribution (the "Distribution Statement"), based substantially solely on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr www.ctslink.com to the Depositor and each Depositor, any Interest Rate Cap Couxxxxxxxxx xxx xach Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]a statement as to whether any exchanges of Exchangeable Certificates have taken place since the preceding Distribution Date, and, if applicable, the names, certificate balances, including notional balances, pass-through rates, and any interest and principal paid, including any shortfalls allocated, of any classes of Certificates that were received by the Certificateholder as a result of such exchange; (v) the amount of such distribution to the Holders of Certificates of such Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (vi) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (iA) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (iiB) the amount of interest from previous calendar months; (vii) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Servicing Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Servicing Advances at the close of business on such Distribution Date; (ix) if applicable, the aggregate amount of outstanding Monthly Advances included in such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator Trustee during the calendar month preceding the Distribution Date; (x) [Reserved]; (xi) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xii) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (iA) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquentdelinquent (each to be calculated using the Mortgage Bankers Association (MBA) method), (iiB) as to which foreclosure proceedings have been commenced, (iiiC) as to which the Mortgagor is subject to a bankruptcy proceeding and (ivD) secured by REO Properties; (xiii) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xiv) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xv) the aggregate amount of (iA) Payoffs and Principal Prepayments made by XxxxxxxxxxMortgagors, (iiB) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iiiC) Realized Losses incurred during the related Prepayment Period; (xvi) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xvii) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviii) the Certificate Rate for each Class of Certificates applicable to such Distribution Date;; and (xix) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 [1,000] denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% [10]% Percentage Interest. In addition to the Distribution Date report Statement that includes the information listed above, the Securities Administrator shall prepare and file a statement including such other information as is required by Form 10-D, including, but not limited to, the information required by Item 1121 (ss. 229.1121) of Regulation AB. In addition to the Distribution Statement specified above, the Securities Administrator shall prepare and make available to each Certificateholder (with respect to clauses (i) and (ii) below) and each Holder of a Residual CertificateCertificate (with respect to clauses (iii) and (iv) below), if any, on each Distribution Date a statement setting forth forth: (i) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; (ii) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iii) the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, ; and (iv) the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time are in force.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (Gs Mortgage Securities Corp)

Distribution Date Statement. On each Distribution Date, the Securities Administrator shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially solely on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr wxx.xxxxxxx.xxx to the Depositor Depositor, any Interest Rate Cap Counterparty and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]; (v) the amount of such distribution to the Holders of Certificates of such each Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (viv) the amount of such distribution distributions to the Holders of Certificates of such each Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (iA) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (iiB) the amount of interest from previous calendar months; (viivi) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viiivii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date (including such amounts reimbursed to the Master Servicer or Trustee) and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Advances at the close of business on such Distribution Date; (viii) LIBOR for such Distribution Date; (ix) if applicable, the aggregate amount Certificate Rate for each Class of outstanding Monthly Advances included in Certificates for such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator during the calendar month preceding the Distribution Date; (x) [Reserved]the amount of any Basis Risk Shortfalls on any Floating Rate Certificates that have the benefit of an Interest Rate Cap Agreement; (xi) the amount of any Interest Rate Cap Amounts on any such Certificates referenced in clause (xii) above; (xii) the amounts, if any, deposited into any Basis Risk Reserve Fund on such Distribution Date, and the balance of each Basis Risk Reserve Fund, after such deposits, on such Distribution Date; (xiii) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xiixiv) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (iA) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquentdelinquent (each to be calculated using the Mortgage Bankers Association (MBA) method), (iiB) as to which foreclosure proceedings have been commenced, (iiiC) as to which the Mortgagor is subject to a bankruptcy proceeding and (ivD) secured by REO Properties; (xiiixv) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xivxvi) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xvxvii) the aggregate amount of (iA) Payoffs and Principal Prepayments made by XxxxxxxxxxMortgagors, (iiB) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iiiC) Realized Losses incurred during the related Prepayment Period; (xvixviii) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xviixix) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviiixx) the Certificate Rate for each Class of Certificates applicable to such Distribution Date;; and (xixxxi) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Date report Statement that includes the information listed above, the Securities Administrator shall prepare and file a statement including such other information as is required by Form 10-D, including, but not limited to, the information required by Item 1121 (§229.1121) of Regulation AB. In addition to the Distribution Statement specified above, the Securities Administrator shall prepare and make available to each Certificateholder (with respect to clauses (i) and (ii) below) and each Holder of a Residual CertificateCertificate (with respect to clauses (iii) and (iv) below), if any, on each Distribution Date a statement setting forth forth: (i) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; (ii) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iii) the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, ; and (iv) the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time are in force.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (GSR Mortgage Loan Trust 2007-Ar2)

Distribution Date Statement. On each Distribution Date, the Securities Administrator shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially solely on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr wxx.xxxxxxx.xxx to the Depositor Depositor, any Interest Rate Cap Counterparty and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]a statement as to whether any exchanges of Exchangeable Certificates have taken place since the preceding Distribution Date, and, if applicable, the names, certificate balances, including notional balances, pass-through rates, and any interest and principal paid, including any shortfalls allocated, of any classes of Certificates that were received by the Certificateholder as a result of such exchange; (v) the amount of such distribution distributions to the Holders of Certificates of such each Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (vi) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (iA) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (iiB) the amount of interest from previous calendar months; (vii) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date (including such amounts reimbursed to the Master Servicer or Trustee) and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Advances at the close of business on such Distribution Date; (ix) if applicable, the aggregate amount of outstanding Monthly Advances included in LIBOR for such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator during the calendar month preceding the Distribution Date; (x) [Reserved]the Certificate Rate for each Class of Certificates for such Distribution Date; (xi) the amount of any Basis Risk Shortfalls on any Floating Rate Certificates that have the benefit of an Interest Rate Cap Agreement; (xii) the amount of any Interest Rate Cap Amounts on any such Certificates referenced in clause (xii) above; (xiii) the amounts, if any, deposited into any Basis Risk Reserve Fund on such Distribution Date, and the balance of each Basis Risk Reserve Fund, after such deposits, on such Distribution Date; (xiv) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xiixv) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (iA) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquentdelinquent (each to be calculated using the Mortgage Bankers Association (MBA) method), (iiB) as to which foreclosure proceedings have been commenced, (iiiC) as to which the Mortgagor is subject to a bankruptcy proceeding and (ivD) secured by REO Properties; (xiiixvi) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xivxvii) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xvxviii) the aggregate amount of (iA) Payoffs and Principal Prepayments made by XxxxxxxxxxMortgagors, (iiB) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iiiC) Realized Losses incurred during the related Prepayment Period; (xvixix) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xviixx) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviiixxi) the Certificate Rate for each Class of Certificates applicable to such Distribution Date;; and (xixxxii) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Date report Statement that includes the information listed above, the Securities Administrator shall prepare and file a statement including such other information as is required by Form 10-D, including, but not limited to, the information required by Item 1121 (§229.1121) of Regulation AB. In addition to the Distribution Statement specified above, the Securities Administrator shall prepare and make available to each Certificateholder (with respect to clauses (i) and (ii) below) and each Holder of a Residual CertificateCertificate (with respect to clauses (iii) and (iv) below), if any, on each Distribution Date a statement setting forth forth: (i) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; (ii) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iii) the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, ; and (iv) the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time are in force.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (GSR Mortgage Loan Trust 2007-2f)

Distribution Date Statement. On each Distribution Date, the Securities Administrator Trustee shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr to the Depositor and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]; (v) the amount of such distribution to the Holders of Certificates of such Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (vi) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (i) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (ii) the amount of interest from previous calendar months; (vii) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Advances at the close of business on such Distribution Date; (ix) if applicable, the aggregate amount of outstanding Monthly Advances included in such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator Trustee during the calendar month preceding the Distribution Date; (x) [Reserved]; (xi) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xii) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator Trustee by the Servicer, (i) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquent), (ii) as to which foreclosure proceedings have been commenced, and (iii) as to which the Mortgagor is subject to a bankruptcy proceeding and (iv) secured by REO Propertiesproceeding; (xiii) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xiv) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xv) the aggregate amount of (i) Payoffs and Principal Prepayments made by Xxxxxxxxxx, (ii) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iii) Realized Losses incurred during the related Prepayment Period; (xvi) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xvii) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviii) the Certificate Rate for each Class of Certificates applicable to such Distribution Date; (xix) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Date report specified above, the Securities Administrator Trustee shall prepare and make available to each Holder of a Residual Certificate, if any, on each Distribution Date a statement setting forth the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, and the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator Trustee pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator Trustee pursuant to any requirements of the Code as from time to time are in force.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (Gs Mortgage Securities Corp GSR Mort Loan Tr 2003-7f)

Distribution Date Statement. On each Distribution Date, the Securities Administrator shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially solely on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr hxxx://xxx.xxxxxxx.xxx to the Depositor Depositor, any Interest Rate Cap Counterparty and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]a statement as to whether any exchanges of Exchangeable Certificates have taken place since the preceding Distribution Date, and, if applicable, the names, certificate balances, including notional balances, pass-through rates, and any interest and principal paid, including any shortfalls allocated, of any classes of Certificates that were received by the Certificateholder as a result of such exchange; (v) the amount of such distribution to the Holders of Certificates of such Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (vi) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (iA) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (iiB) the amount of interest from previous calendar months; (vii) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Servicing Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Servicing Advances at the close of business on such Distribution Date; (ix) if applicable, the aggregate amount of outstanding Monthly Advances included in such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator Trustee during the calendar month preceding the Distribution Date; (x) [Reserved]LIBOR for such Distribution Date (xi) the Certificate Rate for each Class of Certificates for such Distribution Date; (xixii) the amount of any Basis Risk Shortfalls on any Floating Rate Certificates that have the benefit of an Interest Rate Cap Agreement; (xiii) the amount of any Interest Rate Cap Amounts on any such Certificates referenced in clause (xii) above (xiv) the amounts, if any, deposited into any Basis Risk Reserve Fund on such Distribution Date, and the balance of each Basis Risk Reserve Fund, after such deposits, on such Distribution Date; (xv) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xiixvi) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (iA) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquentdelinquent (each to be calculated using the Mortgage Bankers Association (MBA) method), (iiB) as to which foreclosure proceedings have been commenced, (iiiC) as to which the Mortgagor is subject to a bankruptcy proceeding and (ivD) secured by REO Properties; (xiiixvii) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xivxviii) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xvxix) the aggregate amount of (iA) Payoffs and Principal Prepayments made by XxxxxxxxxxMortgagors, (iiB) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iiiC) Realized Losses incurred during the related Prepayment Period; (xvixx) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xviixxi) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviiixxii) the Certificate Rate for each Class of Certificates applicable to such Distribution Date;; and (xixxxiii) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Date report Statement that includes the information listed above, the Securities Administrator shall prepare and file a statement including such other information as is required by Form 10-D, including, but not limited to, the information required by Item 1121 (§229.1121) of Regulation AB. In addition to the Distribution Statement specified above, the Securities Administrator shall prepare and make available to each Certificateholder (with respect to clauses (i) and (ii) below) and each Holder of a Residual CertificateCertificate (with respect to clauses (iii) and (iv) below), if any, on each Distribution Date a statement setting forth forth: (i) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; (ii) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iii) the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, ; and (iv) the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time are in force.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (GSR Mortgage Loan Trust 2006-8f)

Distribution Date Statement. On each Distribution Date, the Securities Administrator shall prepare a statement as to such distribution (the “Distribution Statement”), based substantially solely on information provided by the Servicers in the related Remittance Reports, and on each Distribution Date, such statement will be made available at a website located at xxxx://xxx.xxxxxxxx.xxx/sfr wxx.xxxxxxx.xxx to the Depositor Depositor, any Interest Rate Cap Counterparty and each Certificateholder, setting forth: (i) the class factor for each Class of Certificates; (ii) the aggregate Scheduled Principal Balance of each Pool and/or Group of Mortgage Loans; (iii) the Available Distribution Amount, the Aggregate Principal Distribution Amount and the Principal Prepayment Amount for such Distribution Date; (iv) [Reserved]a statement as to whether any exchanges of Exchangeable Certificates have taken place since the preceding Distribution Date, and, if applicable, the names, certificate balances, including notional balances, pass-through rates, and any interest and principal paid, including any shortfalls allocated, of any classes of Certificates that were received by the Certificateholder as a result of such exchange; (v) the amount of such distribution to the Holders of Certificates of such Class to be applied to reduce the Certificate Balance thereof, separately identifying the amounts, if any, of any Payoffs, Principal Prepayments made by the Mortgagor, Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds; (vi) the amount of such distribution to the Holders of Certificates of such Class allocable to interest, and the Certificate Rate applicable to each Class (separately identifying (iA) the amount of such interest accrued during the calendar month preceding the month of such Distribution Date, and (iiB) the amount of interest from previous calendar months; (vii) the aggregate amount of the Servicing Fees and the Master Servicing Fee paid as required under the Servicing Agreements and the Trust Agreement and any other fees or expenses paid out of the Available Distribution Amount for such Distribution Date as permitted hereunder; (viii) if applicable, the aggregate amount of outstanding Monthly Advances and Xxxxxxxxx Servicing Advances included in such distribution, the aggregate amount of Monthly Advances reimbursed during the calendar month preceding the Distribution Date and the aggregate amount of unreimbursed Monthly Advances and Xxxxxxxxx Servicing Advances at the close of business on such Distribution Date; (ix) if applicable, the aggregate amount of outstanding Monthly Advances included in such distribution, and the aggregate amount of Monthly Advances reimbursed to the Master Servicer or Securities Administrator Trustee during the calendar month preceding the Distribution Date; (x) [Reserved]LIBOR for such Distribution Date (xi) the Certificate Rate for each Class of Certificates for such Distribution Date; (xixii) the amount of any Basis Risk Shortfalls on any Floating Rate Certificates that have the benefit of an Interest Rate Cap Agreement; (xiii) the amount of any Interest Rate Cap Amounts on any such Certificates referenced in clause (xii) above (xiv) the amounts, if any, deposited into any Basis Risk Reserve Fund on such Distribution Date, and the balance of each Basis Risk Reserve Fund, after such deposits, on such Distribution Date; (xv) the number and aggregate Scheduled Principal Balance of the Mortgage Loans outstanding as of the last Business Day of the calendar month preceding such Distribution Date; (xiixvi) the number and aggregate Scheduled Principal Balance of Mortgage Loans as reported to the Securities Administrator by the Servicer, (iA) that are current, 30 days contractually delinquent, 60 days contractually delinquent, 90 days contractually delinquent or 120 days or more contractually delinquentdelinquent (each to be calculated using the Mortgage Bankers Association (MBA) method), (iiB) as to which foreclosure proceedings have been commenced, (iiiC) as to which the Mortgagor is subject to a bankruptcy proceeding and (ivD) secured by REO Properties; (xiiixvii) with respect to any mortgaged property acquired on behalf of Certificateholders through foreclosure or deed in lieu of foreclosure during the preceding calendar month, the Scheduled Principal Balance of the related Mortgage Loan as of the last Business Day of the calendar month preceding the Distribution Date; (xivxviii) the aggregate Certificate Balance of each Class of Certificates (and, in the case of any Certificate with no Certificate Balance, the notional amount of such Class) after giving effect to the distribution to be made on such Distribution Date, and separately identifying any reduction thereof on account of Realized Losses; (xvxix) the aggregate amount of (iA) Payoffs and Principal Prepayments made by XxxxxxxxxxMortgagors, (iiB) Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds, and (iiiC) Realized Losses incurred during the related Prepayment Period; (xvixx) the aggregate amount of any Mortgage Loan that has been repurchased from the Trust; (xviixxi) the aggregate Shortfall, if any, allocated to each Class of Certificates at the close of business on such Distribution Date; (xviiixxii) the Certificate Rate for each Class of Certificates applicable to such Distribution Date;; and (xixxxiii) the Senior Collateral Group Percentages, the Senior Prepayment Percentages, the Subordinate Percentages and the Subordinate Prepayment Percentages, if any, for such Distribution Date; (xx) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; and (xxi) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed, with respect to any Certificate, as a dollar amount per $1,000 denomination; provided, however, that if any Class of Certificates does not have a Certificate Balance, then the amounts shall be expressed as a dollar amount per 10% Percentage Interest. In addition to the Distribution Date report Statement that includes the information listed above, the Securities Administrator shall prepare and file a statement including such other information as is required by Form 10-D, including, but not limited to, the information required by Item 1121 (§229.1121) of Regulation AB. In addition to the Distribution Statement specified above, the Securities Administrator shall prepare and make available to each Certificateholder (with respect to clauses (i) and (ii) below) and each Holder of a Residual CertificateCertificate (with respect to clauses (iii) and (iv) below), if any, on each Distribution Date a statement setting forth forth: (i) in the case of a Trust with respect to which one or more REMIC elections have been or will be made, any reports required to be provided to Holders by the REMIC Provisions; (ii) such other customary information as the Securities Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (iii) the amounts actually distributed with respect to the Residual Certificates of such Class on such Distribution Date, ; and (iv) the aggregate Certificate Balance, if any, of the Residual Certificates of such Class after giving effect to any distribution made on such Distribution Date, separately identifying the amount of Realized Losses allocated to such Residual Certificates of such Class on such Distribution Date. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and furnish a statement, containing the information set forth in clauses (i) through (iv) above (based on information provided by the Master Servicer), to each Person who at any time during the calendar year was a Holder that requests such statement, aggregated for such calendar year or portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer or the Securities Administrator pursuant to any requirements of the Code as from time to time are in force. Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall prepare and shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate a statement, upon request, containing the information provided pursuant to the second preceding paragraph aggregated for such calendar year thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator pursuant to any requirements of the Code as from time to time are in force.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (GSR Mortgage Loan Trust 2006-9f)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!