Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand: (i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein; (ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution; (iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest; (iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date; (v) the number and aggregate Group Balance for each Collateral Group on such Distribution Date; (vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date; (vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date; (viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date; (ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date; (x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date; (xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof; (xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date; (xiii) the Senior Prepayment Percentage for each Certificate Group; (xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar month; (xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates; (xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment; (xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and (xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants. (b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement. (c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2006-2), Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2006-2), Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2006-2)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on by the Mortgage Loans Servicers identified on Schedule III attached hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Loan Group, incurred during the preceding calendar month;; and
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s 's responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s 's internet website website, initially located at “xxx.xxxxxxx.xxx”. "www.ctslink.com." Assistance in using the internet website can be Trust Administrator's internex xxxxxxx xxx xe obtained by calling the Trust Administrator’s 's customer service desk at (000301) 000815-00006600. Parties that are unable to use the above distribution method are entitled mxxxxx xxx xxxxtled to have a paper copy mailed to them via first class mail by calling the Trust Administrator's customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s 's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Mastr Alternative Loan Trust 2004-11), Pooling and Servicing Agreement (Mastr Alternative Loan Trust 2004-11), Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2004-8)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar month;; and
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Mastr Alternative Loan Trust 2005-6), Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-1), Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(viivi) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viiivii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ixviii) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xix) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xiixi) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiiixii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xivxiii) the aggregate amount of Realized Losses, by Collateral Group Losses on Mortgage Loans incurred during the preceding calendar month;
(xvxiv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xv) the beginning and ending number and aggregate Stated Principal Balance of the Mortgage Loans;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution datesrelated Record Date;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such paymentrelated Accrual Period;
(xviii) unless otherwise set forth in the Form 10-D relating to such related Determination Date;
(xix) the related Distribution Date, material modifications, extensions or waivers ;
(xx) the amount of cash received with respect to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over timerelated Accrual Period; and
(xixxxi) unless otherwise set forth in the Form 10-D relating to amount of any Cap Payments on such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(viia)(vi) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2006-1), Pooling and Servicing Agreement (Mortgage Asset Securitization Transactions Inc), Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2006-1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions beginning and actual distribution datesending number and aggregate Stated Principal Balance of the Mortgage Loans;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such paymentrelated Record Date;
(xviii) unless otherwise set forth in the Form 10-D relating to such related Interest Accrual Period;
(xix) the related Determination Date;
(xx) the related Distribution Date, material modifications, extensions or waivers ;
(xxi) the amount of cash received with respect to Mortgage Loan terms, fees, penalties or payments the related Interest Accrual Period;
(xxii) whether any Exchangeable Certificates and/or Exchangeable REMIC Certificates were exchanged during the distribution period previous calendar month;
(xxiii) the Certificate exchanges that occurred during the related Interest Accrual Period;
(xxiv) the Classes of Exchangeable Certificates that were created during the related Interest Accrual Period;
(xxv) the balance or that have become material over timenotional amount of each Class of Exchangeable Certificates outstanding;
(xxvi) the Pass-Through Rates of the outstanding Classes of Exchangeable Certificates; and
(xixxxvii) unless otherwise set forth in the Form 10-D relating amount of interest and principal paid to such Distribution Datethe Classes of Exchangeable Certificates, material breaches of Mortgage Loan representation or warranties or transaction covenantsincluding any shortfalls.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access to the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2006-3), Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-3), Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2006-3)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DatePercentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Mastr Adjustable Rate Mortgages Trust 2004-1), Pooling and Servicing Agreement (Mort Asset Sec Trans Mort Ps THR Certs Ser 2003-3), Pooling and Servicing Agreement (Mastr Adjustable Rate Mortgages Trust 2004-1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Rating Agencies, the Swap Provider, the NIMS Insurer, the Credit Risk Manager, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, separately identifying and the aggregate amount of any Principal Prepayments, the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included thereinCharges;
(ii) the amount thereof of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution aggregate Servicing Fee (and any other compensation payable to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall Servicer) and the allocation thereof as between principal and interestMaster Servicing Fee paid during the related Due Period;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate of the Credit Risk Manager Fee paid to the Credit Risk Manager and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on Transferor for such Distribution Date;
(v) the number aggregate Principal Balance of the Mortgage Loans and aggregate Group Balance for each Collateral Group any REO Properties as of the close of business on such Distribution Date;
(vi) the Senior Percentage number, aggregate Principal Balance, weighted average remaining term to maturity and Subordinate Percentage for each Certificate Group for weighted average Mortgage Rate of the following Distribution Mortgage Loans as of the related Due Date;
(vii) the number and aggregate amount unpaid Principal Balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the Servicing Fees last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and Master Servicing Compensation (e) with respect to such Distribution Datewhich the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force;
(viii) the Pass-Through Rate for each such Class total number and cumulative principal balance of Certificates with respect to such Distribution Dateall REO Properties as of the close of business on the last day of the preceding Prepayment Period;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number aggregate amount of Principal Prepayments made during the related Prepayment Period;
(xi) the aggregate amount of Realized Losses incurred during the related Prepayment Period, the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate principal amounts amount of Mortgage Loans Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date;
(Axii) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days the aggregate Class Principal Balance and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more daysNotional Amount, as applicable, of each Class of Certificates, after giving effect to the close distributions, and allocations of business Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses;
(xiii) the last day Certificate Factor for each such Class of the calendar month preceding Certificates applicable to such Distribution Date;
(xixiv) with the Monthly Interest Distributable Amount in respect to any Mortgage Loan that became an REO Property during of the preceding calendar monthClass A Certificates, the loan number Mezzanine Certificates and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding Class CE Certificates for such Distribution Date and the date Unpaid Interest Shortfall Amount, if any, with respect to the Class A Certificates and the Mezzanine Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of acquisition thereofRealized Losses, Prepayment Interest Shortfalls and Relief Act Reductions;
(xiixv) the total number and principal balance aggregate amount of any REO Properties Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24;
(and market value, if availablexvi) as the aggregate amount of the close of business on the last Business Day of the calendar month preceding Relief Act Reductions for such Distribution Date;
(xiiixvii) the Senior Prepayment Overcollateralization Target Amount, Overcollateralization Amount and Overcollateralization Deficiency Amount and the Credit Enhancement Percentage for each Certificate Groupsuch Distribution Date;
(xivxviii) the aggregate amount of Realized Lossesrespective Pass-Through Rates applicable to the Class A Certificates, by Collateral Group on Mortgage Loans incurred during the preceding calendar monthMezzanine Certificates and the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date;
(xvxix) each Special Hazard Loss Coverage Amount[reserved];
(xx) when the Stepdown Date or Trigger Event has occurred;
(xxi) the Available Funds;
(xxii) the Net WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, each Fraud Loss Coverage Amount if any, for such Distribution Date, the amount remaining unpaid after reimbursements therefor on such Distribution Date;
(xxiii) the amount of any Net Swap Payments or Swap Termination Payments;
(xxiv) the beginning and each Bankruptcy Loss Coverage Amount, in each case as ending number and aggregate Stated Principal Balance of the Mortgage Loans;
(xxv) the related Record Date;
(xxvi) the related Accrual Period;
(xxvii) the related Determination Date;
(xvixxviii) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such related Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xixxxix) unless otherwise set forth in the Form 10-D relating amount of cash received with respect to such Distribution Datethe related Accrual Period. In the case of information furnished pursuant to subclauses (i) and (ii) above, material breaches the amounts shall be expressed as a dollar amount per Single Certificate of Mortgage Loan representation or warranties or transaction covenantsthe relevant Class.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the NIMS Insurer, Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each the Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 4.03 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Certificateholders NIMS Insurer and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the ServicersServicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 4.03 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (MASTR Second Lien Trust 2006-1), Pooling and Servicing Agreement (MASTR Second Lien Trust 2006-1), Pooling and Servicing Agreement (MASTR Second Lien Trust 2006-1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Unpaid Interest Shortfall included in such distribution and any remaining unpaid Class Unpaid Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DateJunior Percentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mort Pass THR Certs Ser 2003-4), Pooling and Servicing Agreement (Mortgage Asset Sec Tr MSTR Alt Ln Tr Mt Ps THR Ct Sr 2003-3), Pooling and Servicing Agreement (Mortgage Asset Securitization Transactions Inc)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Loan Group, incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s 's responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s 's internet website website, initially located at “xxx.xxxxxxx.xxx”"www.ctslink.com". Assistance in using the internet website can be Trust Administrator's internex xxxxxxx xxx xe obtained by calling the Trust Administrator’s 's customer service desk at (000301) 000815-00006600. Parties that are unable to use the above distribution method are entitled mxxxxx xxx xxxxtled to have a paper copy mailed to them via first class mail by calling the Trust Administrator's customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s 's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(viia)(iv) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2004-7), Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2004-6), Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2004-5)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Rating Agencies, the NIMS Insurer, the Credit Risk Manager, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, separately identifying ;
(ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest;
(iii) the aggregate Servicing Fee (and any other compensation payable to the Servicer) paid during the related Due Period;
(iv) the amount of the Credit Risk Manager Fee paid to the Credit Risk Manager and the Transferor for such Distribution Date;
(v) the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution DateV hereto;
(vi) the Senior Percentage aggregate Principal Balance of the Mortgage Loans and Subordinate Percentage for each Certificate Group for any REO Properties as of the following close of business on such Distribution Date;
(vii) the number, aggregate amount Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Mortgage Loans as of the related Due Date;
(viii) the Pass-Through Rate for number and aggregate unpaid Principal Balance of Mortgage Loans (calculated in accordance with the MBA method) (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each such Class case, as of Certificates the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to such Distribution Datewhich the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force;
(ix) the total number and cumulative principal balance of all REO Properties as of the close of business on the last day of the preceding Prepayment Period;
(x) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xxi) the number and aggregate principal amounts amount of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property Principal Prepayments made during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereofrelated Prepayment Period;
(xii) the total number aggregate amount of Realized Losses incurred during the related Prepayment Period, the aggregate amount of Realized Losses incurred since the Closing Date and principal balance the aggregate amount of any REO Properties (Subsequent Recoveries received during the related Prepayment Period and market value, if available) as the cumulative amount of Subsequent Recoveries received since the close of business on the last Business Day of the calendar month preceding such Distribution Closing Date;
(xiii) the Senior Prepayment Percentage for aggregate Class Principal Balance and Notional Amount, as applicable, of each Certificate GroupClass of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses;
(xiv) the aggregate amount Certificate Factor for each such Class of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar monthCertificates applicable to such Distribution Date;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, the Current Interest in each case as respect of the related Determination Senior Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Carryforward Interest Amounts, if any, with respect to the Senior Certificates and the Mezzanine Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Reductions;
(xvi) the applicable record datesaggregate amount of any Prepayment Interest Shortfall for such Distribution Date, accrual periods, determination dates for calculating distributions and actual distribution datesto the extent not covered by payments by the Servicer pursuant to Section 3.24;
(xvii) the amount, accrued or paid in respect aggregate amount of any credit enhancement or other support, including the payee and the general purpose of Relief Act Reductions for such paymentDistribution Date;
(xviii) unless otherwise set forth the Overcollateralization Target Amount and Overcollateralization Amount for such Distribution Date;
(xix) the respective Pass-Through Rates applicable to the Senior Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to the Senior Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date;
(xx) the Net WAC, the Available Funds Rate Cap and the Net Rate Cap, in each case, for each Loan Group;
(xxi) when the Form 10-D relating to Stepdown Date or Trigger Event has occurred;
(xxii) the Available Funds; and
(xxiii) the Net Rate Carryover for the Senior Certificates and the Mezzanine Certificates, if any, for such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to amount remaining unpaid after reimbursements therefor on such Distribution Date. In the case of information furnished pursuant to subclauses (i) and (ii) above, material breaches the amounts shall be expressed as a dollar amount per Single Certificate of Mortgage Loan representation or warranties or transaction covenantsthe relevant Class.
(b) The Trust Administrator’s responsibility for disbursing making available the above information to the Master Servicer, the Trustee, the NIMS Insurer, Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Certificateholders NIMS Insurer and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicerseach Servicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) With respect to each Distribution Date, prior to the issuance of the related monthly statement to Certificateholders pursuant to Section 4.04 (each, a “Distribution Date Statement”) by the Trust Administrator, the Master Servicer shall confirm that it has received all distribution and/or servicing information required to be provided to the Master Servicer, pursuant and to the extent set forth in each Servicing Agreement, by the related Servicer for inclusion in such Distribution Date Statement. In the event the Master Servicer determines that any such information has not been provided as required or is materially incorrect, the Master Servicer shall immediately notify the related Servicer and use its reasonable best efforts to cause such Servicer to provide or correct, as the case may be, such information promptly (but in any event in time to permit the Trust Administrator to make available the Distribution Date Statement at the time required in this Agreement).
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2006-Oa1), Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2006-1), Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2006-Oa1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Loan Group on Mortgage Loans incurred during the preceding calendar month;; and
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Mastr Alternative Loan Trust 2005-5), Pooling and Servicing Agreement (Mastr Alternative Loan Trust 2005-3), Pooling and Servicing Agreement (Mastr Alternative Loan Trust 2005-4)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;; and
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect amount of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to Cap Payments on such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-1), Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:thousand denomination):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Loan Group, incurred during the preceding calendar month;; and
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust AdministratorMaster Servicer’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust AdministratorMaster Servicer’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust AdministratorMaster Servicer’s customer service desk at (000) 000-000 0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator Master Servicer shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator Master Servicer shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust AdministratorMaster Servicer’s internet website, the Trust Administrator Master Servicer may require registration and the acceptance of a disclaimer. The Trust Administrator Master Servicer will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Mastr Alternative Loan Trust 2004-3), Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mastr Alt Loan Trust 2004 2)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III attached hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each applicable Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;; and
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect amount of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to Group 6 Basis Risk Payment on such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s 's responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s 's internet website website, initially located at “xxx.xxxxxxx.xxx”. "www.ctslink.com." Assistance in using the internet Trust Administrator's website can be obtained xxx xx xxxxxxxd by calling the Trust Administrator’s 's customer service desk at (000301) 000815-00006600. Parties that are unable to use the above distribution method are entitled mxxxxx xxx xxxxtled to have a paper copy mailed to them via first class mail by calling the Trust Administrator's customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or and more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s 's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2004-15), Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2004-15)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on by the Mortgage Loans Servicers identified on Schedule III attached hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viiivii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ixviii) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xix) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xiixi) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xivxii) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;
(xiii) whether a Trigger Event has occurred and is continuing (including the calculation thereof and the aggregate outstanding balance of all 60+ Day Delinquent Mortgage Loans);
(xiv) the amount on deposit in the Excess Reserve Fund Account (after giving effect to distributions on such Distribution Date);
(xv) each Special Hazard the aggregate amount of Applied Realized Loss Coverage Amount, each Fraud Amounts incurred during the preceding calendar month and aggregate Applied Realized Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Amounts through such Distribution Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions amount of any Net Monthly Excess Cashflow on such Distribution Date and actual distribution datesthe allocation thereof to the Certificateholders with respect to Applied Realized Loss Amounts and Unpaid Interest Amounts;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee Overcollateralized Amount and the general purpose of such payment;Specified Overcollateralized Amount; and
(xviii) unless otherwise set forth the amount thereof allocable to interest, any Unpaid Interest Amounts included in such distribution and any remaining Unpaid Interest Amounts after giving effect to such distribution, any Yield Maintenance Agreement Payments, any Basis Risk Carry Forward Amount for such Distribution Date and the Form 10-D relating to amount of all Basis Risk Carry Forward Amounts covered by withdrawals from the Excess Reserve Fund Account on such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s 's responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s 's internet website website, initially located at “xxx.xxxxxxx.xxx”. "www.ctslink.com." Assistance in using the internet website can be Trust Administrator's internex xxxxxxx xxx xe obtained by calling the Trust Administrator’s 's customer service desk at (000301) 000815-00006600. Parties that are unable to use the above distribution method are entitled mxxxxx xxx xxxxtled to have a paper copy mailed to them via first class mail by calling the Trust Administrator's customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s 's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2004-9), Pooling and Servicing Agreement (Mastr Adjustable Rate Mortgages Trust 2004-11)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than On each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:)
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;; and
(xiv) the aggregate amount of Realized Losses, by Collateral Group Loan Group, on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement (MASTR Seasoned Securitization Trust 2005-1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousandthousand denomination:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall Prepayment Interest Shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viiivii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ixviii) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xix) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xiixi) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xivxii) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;
; (xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Master Adjustable Rate Mortgages Trust 2004-2), Pooling and Servicing Agreement (Mastr Adjustable Rate Mortgages Trust 2004-2)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator Trustee shall prepare and make available to each CertificateholderHolder of Certificates, the DepositorMaster Servicer, the Trustee Swap Provider and any other interested parties the Depositor a statement based in part on information provided by each Servicer (the “Distribution Date Statement”) setting forth for the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousandCertificates:
(i) the applicable record dates, accrual periods, determination dates for calculating distributions and general distribution dates;
(ii) the total cash flows received and the general sources thereof;
(iii) the related amount thereof of the Servicing Fees paid to or retained by the Master Servicer for the related Due Period;
(iv) the amount of any Net Swap Payment payable to the Derivative Administrator, any Net Swap Payment payable to the Swap Provider, any Swap Termination Payment payable to the Derivative Administrator and any Swap Termination Payment payable to the Swap Provider;
(v) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds Prepayments included therein;
, (iiB) the amount thereof allocable to interest, any unpaid Class Interest Shortfall aggregate of all scheduled payments of principal included in such distribution therein and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(ivC) the Certificate Extra Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Distribution Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution Dateif any);
(vi) the Senior Percentage amount of such distribution to Holders of each Class allocable to interest;
(vii) the amount of such distribution to Holders of each Class of Class A Certificates and Subordinate Percentage Class M Certificates allocable to interest and the portion thereof, if any, provided by the Derivative Administration Agreement;
(viii) the Interest Carry Forward Amount and any Basis Risk Shortfall Carry Forward Amount for each Certificate Group Class of Certificates;
(ix) the Pass-Through Rate for each Class of Class A Certificates and Class M Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net Rate Cap;
(x) the aggregate of the Stated Principal Balance of (A) all of the Mortgage Loans and (B) the Adjustable Rate Mortgage Loans, for the following Distribution Date;
(viixi) the aggregate amount Certificate Principal Balance or Certificate Notional Amount, as applicable, of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the Servicing Fees and Master Servicing Compensation with respect to allocation of any Applied Realized Loss Amounts for such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xxii) the number and aggregate principal amounts Stated Principal Balance of the Mortgage Loans in each Loan Group in respect of which (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and one Scheduled Payment is Delinquent, (B) in foreclosure and delinquent two Scheduled Payments are Delinquent, (1C) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days three or more Scheduled Payments are Delinquent and (4D) 91 or more daysforeclosure proceedings have been commenced, in each case as of the close of business on the last day of the calendar month preceding such Distribution DateDate and separately identifying such information for the (1) first lien Mortgage Loans, (2) second lien Mortgage Loans, and (3) Adjustable Rate Mortgage Loans, in each such Loan Group;
(xixiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar monthamount of Advances included in the distribution on such Distribution Date (including the general purpose of such Advances), the loan number and Scheduled Principal Balance aggregate amount of such Mortgage Loan as of unreimbursed Advances at the close of business on the last Business Day of the calendar month preceding such Distribution Date Date, and the date general source of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage funds for each Certificate Groupreimbursements;
(xiv) the aggregate cumulative amount of Applied Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar monthLoss Amounts to date;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Dateif applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period preceding calendar month or that have become material over time; and;
(xvi) with respect to any Mortgage Loan that was liquidated during the preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date;
(xvii) the total number and principal balance of any real estate owned or REO Properties as of the close of business on the Determination Date preceding such Distribution Date;
(xviii) the three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in each case as of the close of business on the last day of the calendar month preceding such Distribution Date and separately identifying such information for the (1) first lien Mortgage Loans, and (2) Adjustable Rate Mortgage Loans;
(xix) unless otherwise set forth the Realized Losses during the related Prepayment Period and the cumulative Realized Losses through the end of the preceding month;
(xx) whether a Trigger Event exists;
(xxi) the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges;
(xxii) updated pool composition data including the following with respect to each Loan Group: average loan balance, weighted average mortgage rate, weighted average loan-to-value ratio at origination, weighted average FICO at originationweighted average remaining term; and [NOTE - Item 1121(a)(8) requires updated pool composition information, the foregoing is a suggestion of what to provide]
(xxiii) information about any additions of, substitutions for or removal of any Mortgage Loans from the Trust Fund, and any changes in the Form 10-D relating underwriting, acquisition or selection criteria as to such Distribution Date, material breaches of any Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information Loans added to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each ServicerTrust Fund. The Trust Administrator will Trustee may make a copy of each statement provided pursuant to this Section 4.04 the foregoing Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust AdministratorTrustee’s internet website. The Trustee’s internet website shall initially be located at “xxx.xxxxxxx.xxx[ ]”. Assistance in using the internet website can be obtained by calling the Trust AdministratorTrustee’s customer service desk at (000) 000-0000[ ]. Parties that are unable to use the above distribution method options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to Trustee may change the way the Distribution Date Statement is Statements are distributed in order to make such distribution distributions more convenient and/or or more accessible and to the Trust Administrator shall provide timely and adequate notification above parties.
(b) The Trustee’s responsibility for making the above information available to the Certificateholders is limited to the availability, timeliness and accuracy of the parties information derived from the Master Servicer. The Trustee will make available a copy of each statement provided pursuant to this Agreement regarding any such changes. The Trust Administrator shall also be entitled Section 5.06 to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreementeach Rating Agency.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(viia)(ii) of this Section 4.04 5.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time in effect.
(d) Upon filing with the Internal Revenue Service, the Trustee shall furnish to the Holders of the Residual Certificates the applicable Form 1066 and each applicable Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of a Residual Certificate with respect to the following matters:
(i) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on the Mortgage Loans, based on the Prepayment Assumption;
(ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each class of Regular Interests and Residual Interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption;
(iii) The applicable Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above;
(iv) The original issue discount (or, in the case of the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each class of Regular Interests or Residual Interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same;
(v) The treatment of Realized Losses with respect to the Mortgage Loans or the Regular Interests created hereunder, including the timing and amount of any cancellation of indebtedness income of a REMIC with respect to such Regular Interests or bad debt deductions claimed with respect to the Mortgage Loans;
(vi) The amount and timing of any non-interest expenses of a REMIC; and
(vii) Any taxes (including penalties and interest) imposed on the REMIC, including, without limitation, taxes on “prohibited transactions,” “contributions” or “net income from foreclosure property” or state or local income or franchise taxes. The information pursuant to clauses (i), (ii), (iii) and (iv) above shall be provided by the Depositor pursuant to Section 9.12.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Ace Securities Corp), Pooling and Servicing Agreement (Ace Securities Corp)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III attached hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days days, and (4) 91 or more days days, and (B) in foreclosure and delinquent (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days days, and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each applicable Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;; and
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect amount of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to Group 1 Basis Risk Payment on such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s 's responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s 's internet website website, initially located at “xxx.xxxxxxx.xxx”. "www.ctslink.com." Assistance in using the internet Trust Administrator's website can be obtained xxx xx xxxxxxxd by calling the Trust Administrator’s 's customer service desk at (000301) 000815-00006600. Parties that are unable to use the above distribution method are entitled mxxxxx xxx xxxxtled to have a paper copy mailed to them via first class mail by calling the Trust Administrator's customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or and more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s 's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2005-3), Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages 2005-1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on by GMAC, GreenPoint and Wells and remitted to the Mortgage Loans identified on Schedule III hereto Trust and Liquidation Proceeds included thereinxxxxein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each applicable Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s 's responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s 's internet website website, initially located at “xxx.xxxxxxx.xxx”. "www.ctslink.com." Assistance in using the internet Trust Administrator's website can be obtained xxx xx xxxxxxxd by calling the Trust Administrator’s 's customer service desk at (000301) 000815-00006600. Parties that are unable to use the above distribution method are entitled mxxxxx xxx xxxxtled to have a paper copy mailed to them via first class mail by calling the Trust Administrator's customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or and more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s 's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2004-10), Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2004-10)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Certificate Insurer, the Depositor, the Rating Agencies, the NIMS Insurer, the Credit Risk Manager, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, separately identifying ;
(ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest and how such distributions are calculated;
(iii) the aggregate Servicing Fee (and any other compensation payable to the Servicer) paid during the related Due Period;
(iv) the amount of the Credit Risk Manager Fee paid to the Credit Risk Manager and the Transferor for such Distribution Date;
(v) the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution DateV hereto;
(vi) the Senior Percentage aggregate Principal Balance of the Mortgage Loans and Subordinate Percentage for each Certificate Group for any REO Properties as of the following close of business on such Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Deferred Interest payable with respect to such the Loans in each Loan Group for the Distribution Date;
(viii) the Pass-Through number, aggregate Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate for each such Class of Certificates with respect to such Distribution the Mortgage Loans as of the related Due Date;
(ix) the number and aggregate unpaid Principal Balance of Mortgage Loans (calculated in accordance with the MBA method) (a) delinquent 1 to 30 days (b) delinquent 31 to 60 days, (c) delinquent 61 to 90 days, (d) delinquent 91 or more days, in each case, as of the last day of the preceding calendar month (after taking into account any prepayments in full received prior to the end of the Prepayment Period), (e) as to which foreclosure proceedings have been commenced and (f) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force;
(x) the book value of any REO Property as of the close of business on the last business day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties as of the close of business on the last day of the preceding Prepayment Period;
(xi) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance aggregate amount of any REO Properties (and market value, if available) as of Principal Prepayments made during the close of business on the last Business Day of the calendar month preceding such Distribution Daterelated Prepayment Period;
(xiii) the Senior aggregate amount of Realized Losses incurred during the related Prepayment Percentage for each Certificate GroupPeriod, the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date;
(xiv) the aggregate amount Class Principal Balance and Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, by Collateral Group made on Mortgage Loans incurred during the preceding calendar monthsuch Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses;
(xv) the Certificate Factor for each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as such Class of the related Determination Certificates applicable to such Distribution Date;
(xvi) the applicable record datesCurrent Interest in respect of the Senior Certificates, accrual periodsthe Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Interest Carry Forward Amounts, determination dates for calculating distributions if any, with respect to the Senior Certificates and actual distribution datesthe Mezzanine Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Reductions;
(xvii) any Prepayment Interest Shortfalls included in such distribution and the amount, accrued or paid in respect aggregate amount of any credit enhancement or other supportPrepayment Interest Shortfall for such Distribution Date, including to the payee and extent not covered by payments by the general purpose of such paymentServicer pursuant to Section 3.24;
(xviii) the aggregate amount of Relief Act Reductions for such Distribution Date;
(xix) the Overcollateralization Target Amount and Overcollateralization Amount for such Distribution Date;
(xx) the respective Pass-Through Rates applicable to the Senior Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to the Senior Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date;
(xxi) the Net WAC, the Available Funds Rate Cap and the Net Rate Cap, in each case, for each Loan Group;
(xxii) the Senior Enhancement Percentage for the Distribution Date;
(xxiii) when the Stepdown Date or Trigger Event has occurred;
(xxiv) the Available Funds;
(xxv) the Net Rate Carryover for the Senior Certificates and the Mezzanine Certificates, if any, for such Distribution Date, the amount remaining unpaid after reimbursements therefor on such Distribution Date;
(xxvi) the application of the Net Rate Cap on such Distribution Date, and the amount of any Net Rate Carryover for each Class for such Distribution Date;
(xxvii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period Due Period or that have become material over time; and
(xixxxviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed as a dollar amount per single Certificate of the relevant Class.
(b) The Trust Administrator’s responsibility for disbursing making available the above information to the Master Servicer, the Trustee, the NIMS Insurer, Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Certificateholders NIMS Insurer, the Certificate Insurer and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders Certificateholders, the Certificate Insurer and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicerseach Servicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) With respect to each Distribution Date, prior to the issuance of the related monthly statement to Certificateholders pursuant to Section 4.04 (each, a “Distribution Date Statement”) by the Trust Administrator, the Master Servicer shall confirm that it has received all distribution and/or servicing information required to be provided to the Master Servicer, pursuant and to the extent set forth in each Servicing Agreement, by the related Servicer for inclusion in such Distribution Date Statement. In the event the Master Servicer determines that any such information has not been provided as required or is materially incorrect, the Master Servicer shall immediately notify the related Servicer and use its reasonable best efforts to cause such Servicer to provide or correct, as the case may be, such information promptly (but in any event in time to permit the Trust Administrator to make available the Distribution Date Statement at the time required in this Agreement).
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2006-Oa2), Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2006-Oa2)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on by GMAC, GreenPoint or WAMU and remitted to the Mortgage Loans identified on Schedule III hereto Trust and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each applicable Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s 's responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s 's internet website website, initially located at “xxx.xxxxxxx.xxx”. "www.ctslink.com." Assistance in using the internet Trust Administrator's website can be obtained xxx xx xxxxxxxd by calling the Trust Administrator’s 's customer service desk at (000301) 000815-00006600. Parties that are unable to use the above distribution method are entitled mxxxxx xxx xxxxtled to have a paper copy mailed to them via first class mail by calling the Trust Administrator's customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or and more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s 's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgage Trust 2004-8), Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgage Trust 2004-8)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees (for each Servicer) and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Loan Group, incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust AdministratorMaster Servicer’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust AdministratorMaster Servicer’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust AdministratorMaster Servicer’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator Master Servicer shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator Master Servicer shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust AdministratorMaster Servicer’s internet website, the Trust Administrator Master Servicer may require registration and the acceptance of a disclaimer. The Trust Administrator Master Servicer will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Mastr Asset Securitization Trust 2004-1), Pooling and Servicing Agreement (Mastr Asset Securitization Trust 2004-3)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions beginning and actual distribution datesending number and aggregate Stated Principal Balance of the Mortgage Loans;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such paymentrelated Record Date;
(xviii) unless otherwise set forth in the Form 10-D relating to such related Interest Accrual Period;
(xix) the related Determination Date;
(xx) the related Distribution Date, material modifications, extensions or waivers ;
(xxi) the amount of cash received with respect to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over timerelated Interest Accrual Period; and
(xixxxii) unless otherwise set forth in the Form 10-D relating any amounts distributed pursuant to each Cap Contract on such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-2), Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-2)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Rating Agencies, the NIMS Insurer, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, separately identifying and the aggregate amount of any Principal Prepayments, the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Trust Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included thereinCharges;
(ii) the amount thereof of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution aggregate Servicing Fee (and any other compensation payable to the Holders of such Class of Certificates is less than Servicer) paid during the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interestrelated Due Period;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xv) the aggregate Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date;
(vi) the number, aggregate Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date;
(vii) the number and aggregate principal amounts unpaid Principal Balance of Mortgage Loans (Aa) delinquent 30 to 59 days, (exclusive of Mortgage Loans in foreclosureb) delinquent 60 to 89 days, (1c) 1 to 30 days (2) 31 to 60 days (3) 61 to delinquent 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force;
(viii) the total number and cumulative principal balance of all REO Properties as of the close of business on the last day of the calendar month preceding Prepayment Period;
(ix) [reserved];
(x) the aggregate amount of Principal Prepayments made during the related Prepayment Period;
(xi) the aggregate amount of Realized Losses incurred during the related Prepayment Period, the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date;
(xii) the aggregate Class Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses;
(xiii) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date;
(xixiv) with the Monthly Interest Distributable Amount in respect to any Mortgage Loan that became an REO Property during of the preceding calendar monthSenior Certificates, the loan number Mezzanine Certificates and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding Class CE Certificates for such Distribution Date and the date Unpaid Interest Shortfall Amount, if any, with respect to the Senior Certificates and the Mezzanine Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of acquisition thereofRealized Losses, Prepayment Interest Shortfalls and Relief Act Reductions;
(xiixv) the total number and principal balance aggregate amount of any REO Properties Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24;
(and market value, if availablexvi) as the aggregate amount of the close of business on the last Business Day of the calendar month preceding Relief Act Reductions for such Distribution Date;
(xiiixvii) the Senior Prepayment Overcollateralization Target Amount, Overcollateralizated Amount and Overcollateralization Deficiency Amount and the Credit Enhancement Percentage for each Certificate Groupsuch Distribution Date;
(xivxviii) the respective Pass-Through Rates applicable to the Senior Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Senior Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date;
(xix) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Servicing Advances for such Distribution Date;
(xvixx) when the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution datesStepdown Date or Trigger Event has occurred;
(xviixxi) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such paymentAvailable Funds;
(xviiixxii) unless otherwise set forth in the Form 10-D relating to Net WAC Rate Carryover Amount for the Senior Certificates and the Mezzanine Certificates, if any, for such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over timeamount remaining unpaid after reimbursements therefor on such Distribution Date; and
(xixxxiii) unless otherwise set forth in payments, if any, made under the Form 10-D relating Cap Contracts. In the case of information furnished pursuant to such Distribution Datesubclauses (i) and (ii) above, material breaches the amounts shall be expressed as a dollar amount per Single Certificate of Mortgage Loan representation or warranties or transaction covenantsthe relevant Class.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the NIMS Insurer, Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 4.03 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Certificateholders NIMS Insurer and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicerseach Servicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 4.03 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Ab1), Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Ab1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DatePercentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust AdministratorMaster Servicer’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust AdministratorMaster Servicer’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust AdministratorMaster Servicer’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator Master Servicer shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator Master Servicer shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). To the extent that the Trustee receives any statement required to be provided to it by the Master Servicer pursuant to Section 4.04(a), the Trustee will make a copy of such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and other interested parties, and other parties to this Agreement via the Trustee’s internet website located at xxxxx://xxx.xxxxxxxxxxxxxx.xx.xxx/invr. Assistance in using the internet website can be obtained by calling the Trustee’s customer service desk at (000) 000-0000. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible and the Trustee shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. As a condition to access the Trust AdministratorMaster Servicer’s internet website or the Trustee’s internet website, the Trust Administrator Master Servicer and the Trustee may require registration and the acceptance of a disclaimer. The Trust Administrator Neither the Master Servicer nor the Trustee will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, based solely upon, and to the Trust Administrator extent of, information calculated and provided to it by the Master Servicer pursuant to Section 4.04(a), the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Mastr Pass Thru Ser 2003-5)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Rating Agencies, the NIMS Insurer, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, separately identifying and the aggregate amount of any Principal Prepayments, the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Trust Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included thereinCharges;
(ii) the amount thereof of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution aggregate Servicing Fee (and any other compensation payable to the Holders of such Class of Certificates is less than Servicer) paid during the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interestrelated Due Period;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xv) the aggregate Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date;
(vi) the number, aggregate Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date;
(vii) the number and aggregate principal amounts unpaid Principal Balance of Mortgage Loans (Aa) delinquent 30 to 59 days, (exclusive of Mortgage Loans in foreclosureb) delinquent 60 to 89 days, (1c) 1 to 30 days (2) 31 to 60 days (3) 61 to delinquent 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force;
(viii) the total number and cumulative principal balance of all REO Properties as of the close of business on the last day of the calendar month preceding Prepayment Period;
(ix) [reserved];
(x) the aggregate amount of Principal Prepayments made during the related Prepayment Period;
(xi) the aggregate amount of Realized Losses incurred during the related Prepayment Period, the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date;
(xii) the aggregate Class Principal Balance and Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses;
(xiii) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date;
(xixiv) with the Monthly Interest Distributable Amount in respect to any Mortgage Loan that became an REO Property during of the preceding calendar monthClass A Certificates, the loan number Mezzanine Certificates and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding Class CE Certificates for such Distribution Date and the date Unpaid Interest Shortfall Amount, if any, with respect to the Class A Certificates and the Mezzanine Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of acquisition thereofRealized Losses, Prepayment Interest Shortfalls and Relief Act Reductions;
(xiixv) the total number and principal balance aggregate amount of any REO Properties Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24;
(and market value, if availablexvi) as the aggregate amount of the close of business on the last Business Day of the calendar month preceding Relief Act Reductions for such Distribution Date;
(xiiixvii) the Senior Prepayment Overcollateralization Target Amount, Overcollateralizated Amount and Overcollateralization Deficiency Amount and the Credit Enhancement Percentage for each Certificate Groupsuch Distribution Date;
(xivxviii) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date;
(xix) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Servicing Advances for such Distribution Date;
(xvixx) when the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution datesStepdown Date or Trigger Event has occurred;
(xviixxi) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such paymentAvailable Funds;
(xviiixxii) unless otherwise set forth in the Form 10-D relating to Net WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, if any, for such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over timeamount remaining unpaid after reimbursements therefor on such Distribution Date; and
(xixxxiii) unless otherwise set forth in payments, if any, made under the Form 10-D relating Cap Contract. In the case of information furnished pursuant to such Distribution Datesubclauses (i) and (ii) above, material breaches the amounts shall be expressed as a dollar amount per Single Certificate of Mortgage Loan representation or warranties or transaction covenantsthe relevant Class.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the NIMS Insurer, Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 4.03 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Certificateholders NIMS Insurer and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicerseach Servicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 4.03 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mastr Asset Backed Securities Trust 2005-Ab1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Loan Group, incurred during the preceding calendar month;; and
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s 's responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s 's internet website website, initially located at “xxx.xxxxxxx.xxx”"www.ctslink.com". Assistance in using the internet website can be Trust Administrator's internex xxxxxxx xxx xe obtained by calling the Trust Administrator’s 's customer service desk at (000301) 000815-00006600. Parties that are unable to use the above distribution method are entitled mxxxxx xxx xxxxtled to have a paper copy mailed to them via first class mail by calling the Trust Administrator's customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s 's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(viia)(iv) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2004-4)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Trust Fund Prepayment Charges collected on the Mortgage Loans identified on Schedule III attached hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days days, and (4) 91 or more days days, and (B) in foreclosure and delinquent (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days days, and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each applicable Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website website, initially located at “xxx.xxxxxxx.xxx”. .” Assistance in using the internet Trust Administrator’s website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the Trust Administrator’s customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or and more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(viia)(iv) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than On each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:)
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;; and
(xiv) the aggregate amount of Realized Losses, by Collateral Group Loan Group, on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Seasoned Securitization Trust 2004-1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DatePercentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust AdministratorMaster Servicer’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust AdministratorMaster Servicer’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust AdministratorMaster Servicer’s customer service desk at (000) 000-000 0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator Master Servicer shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator Master Servicer shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust AdministratorMaster Servicer’s internet website, the Trust Administrator Master Servicer may require registration and the acceptance of a disclaimer. The Trust Administrator Master Servicer will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mort Pas THR Certs Se 2003 9)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Component Balance of each Component, the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DatePercentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust AdministratorMaster Servicer’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust AdministratorMaster Servicer’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust AdministratorMaster Servicer’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator Master Servicer shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator Master Servicer shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). To the extent that the Trustee receives any statement required to be provided to it by the Master Servicer pursuant to Section 4.04(a), the Trustee will make a copy of such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and other interested parties, and other parties to this Agreement via the Trustee’s internet website located at “xxx.xxxxxxxx.xxx/xxxxxx”. Assistance in using the internet website can be obtained by calling the Trustee’s customer service desk at (000) 000-0000. As a condition to access the Trust AdministratorMaster Servicer’s internet website or the Trustee’s internet website, the Trust Administrator Master Servicer and the Trustee may require registration and the acceptance of a disclaimer. The Trust Administrator Neither the Master Servicer nor the Trustee will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, based solely upon, and to the Trust Administrator extent of, information provided to it by the Master Servicer pursuant to Section 4.04(a), the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Pass-Through Certificates Series 2003-4)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Rating Agencies, the NIMS Insurer, the Credit Risk Manager, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, separately identifying ;
(ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest and how such distributions are calculated;
(iii) the aggregate Servicing Fee (and any other compensation payable to the Servicer) paid during the related Due Period;
(iv) [reserved];
(v) the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included thereinV hereto;
(iivi) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution aggregate Principal Balance of the Mortgage Loans and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount REO Properties as of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount close of each Class of Certificates, after giving effect to the distribution of principal business on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date[reserved];
(viii) the Pass-Through number, aggregate Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate for each such Class of Certificates with respect to such Distribution the Mortgage Loans as of the related Due Date;
(ix) the number and aggregate unpaid Principal Balance of Mortgage Loans (calculated in accordance with the MBA method) (a) delinquent 1 to 30 days (b) delinquent 31 to 60 days, (c) delinquent 61 to 90 days, (d) delinquent 91 or more days, in each case, as of the last day of the preceding calendar month (after taking into account any prepayments in full received prior to the end of the Prepayment Period), (e) as to which foreclosure proceedings have been commenced and (f) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force;
(x) the book value of any REO Property as of the close of business on the last business day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties as of the close of business on the last day of the preceding Prepayment Period;
(xi) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance aggregate amount of any REO Properties (and market value, if available) as of Principal Prepayments made during the close of business on the last Business Day of the calendar month preceding such Distribution Daterelated Prepayment Period;
(xiii) the Senior aggregate amount of Realized Losses incurred during the related Prepayment Percentage for each Certificate GroupPeriod, the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date;
(xiv) the aggregate amount Class Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, by Collateral Group made on Mortgage Loans incurred during the preceding calendar monthsuch Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses;
(xv) the Certificate Factor for each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as such Class of the related Determination Certificates applicable to such Distribution Date;
(xvi) the applicable record datesCurrent Interest in respect of the Senior Certificates, accrual periodsthe Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Interest Carry Forward Amounts, determination dates for calculating distributions if any, with respect to the Senior Certificates and actual distribution datesthe Mezzanine Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Reductions;
(xvii) any Prepayment Interest Shortfalls included in such distribution and the amount, accrued or paid in respect aggregate amount of any credit enhancement or other supportPrepayment Interest Shortfall for such Distribution Date, including to the payee and extent not covered by payments by the general purpose of such paymentServicer pursuant to Section 3.24;
(xviii) the aggregate amount of Relief Act Reductions for such Distribution Date;
(xix) the Overcollateralization Target Amount and Overcollateralization Amount for such Distribution Date;
(xx) the respective Pass-Through Rates applicable to the Senior Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to the Senior Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date;
(xxi) the Net WAC, the Net Maximum WAC, the Net Rate Cap and the Adjusted Net Rate Cap for that Distribution Date;
(xxii) the Senior Enhancement Percentage for the Distribution Date;
(xxiii) when the Stepdown Date or Trigger Event has occurred;
(xxiv) the Available Funds;
(xxv) the Net Rate Carryover for the Senior Certificates and the Mezzanine Certificates, if any, for such Distribution Date, the amount remaining unpaid after reimbursements therefor on such Distribution Date;
(xxvi) the application of the Net Rate Cap on such Distribution Date, and the amount of any Net Rate Carryover for each Class for such Distribution Date;
(xxvii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period Due Period or that have become material over time; and
(xixxxviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed as a dollar amount per single Certificate of the relevant Class.
(b) The Trust Administrator’s responsibility for disbursing making available the above information to the Master Servicer, the Trustee, the NIMS Insurer, Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Certificateholders NIMS Insurer and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicerseach Servicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) With respect to each Distribution Date, prior to the issuance of the related monthly statement to Certificateholders pursuant to Section 4.04 (each, a “Distribution Date Statement”) by the Trust Administrator, the Master Servicer shall confirm that it has received all distribution and/or servicing information required to be provided to the Master Servicer, pursuant and to the extent set forth in each Servicing Agreement, by the related Servicer for inclusion in such Distribution Date Statement. In the event the Master Servicer determines that any such information has not been provided as required or is materially incorrect, the Master Servicer shall immediately notify the related Servicer and use its reasonable best efforts to cause such Servicer to provide or correct, as the case may be, such information promptly (but in any event in time to permit the Trust Administrator to make available the Distribution Date Statement at the time required in this Agreement).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-2)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than On each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group Loan Group, on Mortgage Loans incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mastr Asset Securitization Trust 2004-11)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Loan Group, incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust AdministratorMaster Servicer’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust AdministratorMaster Servicer’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust AdministratorMaster Servicer’s customer service desk at (000) 000-000 0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator Master Servicer shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator Master Servicer shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust AdministratorMaster Servicer’s internet website, the Trust Administrator Master Servicer may require registration and the acceptance of a disclaimer. The Trust Administrator Master Servicer will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mort Asset Sec Trans Mort Pass Through Certs Ser 2003-9)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Rating Agencies, the NIMS Insurer, the Credit Risk Manager, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, separately identifying ;
(ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest and how such distributions are calculated;
(iii) the aggregate Servicing Fee (and any other compensation payable to the Servicer) paid during the related Due Period;
(iv) [reserved];
(v) the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included thereinV hereto;
(iivi) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution aggregate Principal Balance of the Mortgage Loans and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount REO Properties as of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount close of each Class of Certificates, after giving effect to the distribution of principal business on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date[reserved];
(viii) the Pass-Through number, aggregate Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate for each such Class of Certificates with respect to such Distribution the Mortgage Loans as of the related Due Date;
(ix) the number and aggregate unpaid Principal Balance of Mortgage Loans (calculated in accordance with the MBA method) (a) delinquent 30 to 59 days (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month (after taking into account any prepayments in full received prior to the end of the Prepayment Period), (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force;
(x) the book value of any REO Property as of the close of business on the last business day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties as of the close of business on the last day of the preceding Prepayment Period;
(xi) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance aggregate amount of any REO Properties (and market value, if available) as of Principal Prepayments made during the close of business on the last Business Day of the calendar month preceding such Distribution Daterelated Prepayment Period;
(xiii) the Senior aggregate amount of Realized Losses incurred during the related Prepayment Percentage for each Certificate GroupPeriod, the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date;
(xiv) the aggregate amount Class Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, by Collateral Group made on Mortgage Loans incurred during the preceding calendar monthsuch Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses;
(xv) the Certificate Factor for each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as such Class of the related Determination Certificates applicable to such Distribution Date;
(xvi) the applicable record datesCurrent Interest in respect of the Senior Certificates, accrual periodsthe Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Interest Carry Forward Amounts, determination dates for calculating distributions if any, with respect to the Senior Certificates and actual distribution datesthe Mezzanine Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Reductions;
(xvii) any Prepayment Interest Shortfalls included in such distribution and the amount, accrued or paid in respect aggregate amount of any credit enhancement or other supportPrepayment Interest Shortfall for such Distribution Date, including to the payee and extent not covered by payments by the general purpose of such paymentServicer pursuant to Section 3.24;
(xviii) the aggregate amount of Relief Act Reductions for such Distribution Date;
(xix) the Overcollateralization Target Amount and Overcollateralization Amount for such Distribution Date;
(xx) the respective Pass-Through Rates applicable to the Senior Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to the Senior Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date;
(xxi) the Net WAC, the Net Maximum WAC, the Net Rate Cap and the Adjusted Net Rate Cap for that Distribution Date;
(xxii) the Senior Enhancement Percentage for the Distribution Date;
(xxiii) when the Stepdown Date or Trigger Event has occurred;
(xxiv) the Available Funds;
(xxv) the Net Rate Carryover for the Senior Certificates and the Mezzanine Certificates, if any, for such Distribution Date, the amount remaining unpaid after reimbursements therefor on such Distribution Date;
(xxvi) the application of the Net Rate Cap on such Distribution Date, and the amount of any Net Rate Carryover for each Class for such Distribution Date;
(xxvii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period Due Period or that have become material over time; and
(xixxxviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed as a dollar amount per single Certificate of the relevant Class.
(b) The Trust Administrator’s responsibility for disbursing making available the above information to the Master Servicer, the Trustee, the NIMS Insurer, Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Certificateholders NIMS Insurer and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxxwxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicerseach Servicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) With respect to each Distribution Date, prior to the issuance of the related monthly statement to Certificateholders pursuant to Section 4.04 (each, a “Distribution Date Statement”) by the Trust Administrator, the Master Servicer shall confirm that it has received all distribution and/or servicing information required to be provided to the Master Servicer, pursuant and to the extent set forth in each Servicing Agreement, by the related Servicer for inclusion in such Distribution Date Statement. In the event the Master Servicer determines that any such information has not been provided as required or is materially incorrect, the Master Servicer shall immediately notify the related Servicer and use its reasonable best efforts to cause such Servicer to provide or correct, as the case may be, such information promptly (but in any event in time to permit the Trust Administrator to make available the Distribution Date Statement at the time required in this Agreement).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-Hf2)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Loan Group on Mortgage Loans incurred during the preceding calendar month;; and
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mastr Alternative Loan Trust 2005-1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and the Credit Risk Manager and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III attached hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days days, and (4) 91 or more days days, and (B) in foreclosure and delinquent (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days days, and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution DateDate determined based on the MBA method;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each applicable Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) whether any Exchangeable Certificates and/or Exchangeable REMIC Certificates were exchanged during the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution datesprevious calendar month;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including Certificate exchanges that occurred during the payee and the general purpose of such paymentrelated Interest Accrual Period;
(xviii) the Classes of Exchangeable Certificates that were created during the related Interest Accrual Period;
(xix) the balance or notional amount of each Class of Exchangeable Certificates outstanding;
(xx) the Pass-Through Rates of the outstanding Classes of Exchangeable Certificates;
(xxi) the amount of interest and principal paid to the Classes of Exchangeable Certificates, including any shortfalls;
(xxii) the fees and expenses of the Trust accrued and paid on such Distribution Date and to whom such fees and expenses were paid;
(xxiii) the number, aggregate Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date;
(xxiv) the delinquency percentage;
(xxv) the aggregate amount of extraordinary trust fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date;
(xxvi) the total cashflows received and the general sources thereof;
(xxvii) the Available Funds; and
(xxviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period preceding calendar month or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website website, initially located at “xxx.xxxxxxx.xxx”. wxx.xxxxxxx.xxx.” Assistance in using the internet Trust Administrator’s website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the Trust Administrator’s customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or and more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(viia)(iv) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) With respect to each Distribution Date, prior to the issuance of the related monthly statement to Certificateholders pursuant to Section 4.04 (each, a “Distribution Date Statement”) by the Trust Administrator, the Master Servicer shall confirm that it has received all distribution and/or servicing information required to be provided to the Master Servicer, pursuant and to the extent set forth in each Servicing Agreement, by the related Servicer for inclusion in such Distribution Date Statement. In the event the Master Servicer determines that any such information has not been provided as required or is materially incorrect, the Master Servicer shall immediately notify the related Servicer and use its reasonable best efforts to cause such Servicer to provide or correct, as the case may be, such information promptly (but in any event in time to permit the Trust Administrator to make available the Distribution Date Statement at the time required in this Agreement).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2007-Hf1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Loan Group, incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s 's responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s 's internet website website, initially located at “xxx.xxxxxxx.xxx”"www.ctslink.com". Assistance in using the internet website can be obtained by calling obtaixxx xx xxxxxxx the Trust Administrator’s 's customer service desk at (000301) 000815-00006600. Parties that are unable to use the above distribution method are entitled mxxxxx xxx xxxxtled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s 's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(viia)(iv) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mastr Asset Sec Tr 2004-5)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee MBIA and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DatePercentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;.
(xvi) in the applicable record datescase of the Class 3-A-5 Certificates, accrual periods(a) the Deficiency Amount, determination dates if any, for calculating distributions such Distribution Date and actual distribution dates;(b) amounts, if any, in respect of the Deficiency Amount paid under the Policy; and
(xvii) in the amountcase of the Class 3-A-5 Certificates, accrued or paid in respect of any credit enhancement or other supportthe Rounding Amount, including the payee if any, for such Distribution Date and the general purpose of amount applied to repay the Rounding Amount withdrawn for such payment;
(xviii) unless otherwise set forth in Class on the Form 10-D relating to such prior Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust AdministratorMaster Servicer’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the MBIA, Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders Certificateholders, MBIA and other interested parties, and other parties to this Agreement via the Trust AdministratorMaster Servicer’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust AdministratorMaster Servicer’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator Master Servicer shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator Master Servicer shall provide timely and adequate notification to the Certificateholders Certificateholders, MBIA and the parties to this Agreement regarding any such changes. The Trust Administrator Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust AdministratorMaster Servicer’s internet website, the Trust Administrator Master Servicer may require registration and the acceptance of a disclaimer. The Trust Administrator Master Servicer will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Seczt Trans Inc Mort Pass Thru Certs 2003-8)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on by GMAC, GreenPoint and Wells Fargo and remitted to the Mortgage Loans identified on Schedule III hereto Trust and Liquidation Proceeds included inxxxxxd therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of CertificatesCertificates and each Component, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each applicable Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s 's responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s 's internet website website, initially located at “xxx.xxxxxxx.xxx”. "www.ctslink.com." Assistance in using the internet Trust Administrator's website can be obtained xxx xx xxxxxxxd by calling the Trust Administrator’s 's customer service desk at (000301) 000815-00006600. Parties that are unable to use the above distribution method are entitled mxxxxx xxx xxxxtled to have a paper copy mailed to them via first class mail by calling the Trust Administrator's customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or and more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s 's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2004-12)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III attached hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days days, and (4) 91 or more days days, and (B) in foreclosure and delinquent (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days days, and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each applicable Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s 's responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s 's internet website website, initially located at “xxx.xxxxxxx.xxx”. "www.ctslink.com." Assistance in using the internet Trust Administrator's website can be obtained xxx xx xxxxxxxd by calling the Trust Administrator’s 's customer service desk at (000301) 000815-00006600. Parties that are unable to use the above distribution method are entitled mxxxxx xxx xxxxtled to have a paper copy mailed to them via first class mail by calling the Trust Administrator's customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or and more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s 's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages 2005-2)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee Trustee, the Credit Risk Manager and any other interested parties a statement based in part on information provided by each the Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges Prepayments collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each both Collateral Group Groups on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution DateDate in accordance with the MBA method;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions beginning and actual distribution datesending number and aggregate Stated Principal Balance of the Mortgage Loans;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such paymentrelated Record Date;
(xviii) unless otherwise set forth in the Form 10-D relating to such related Interest Accrual Period;
(xix) the related Determination Date;
(xx) the related Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xixxxi) unless otherwise set forth in the Form 10-D relating amount of cash received with respect to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenantsthe related Interest Accrual Period.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each the Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website initially located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the ServicersServicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access to the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2007-2)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Rating Agencies, the NIMS Insurer, the Credit Risk Manager, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, separately identifying ;
(ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest and how such distributions are calculated;
(iii) the aggregate Servicing Fee (and any other compensation payable to the Servicer) paid during the related Due Period;
(iv) [reserved];
(v) the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included thereinVIII hereto;
(iivi) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution aggregate Principal Balance of the Mortgage Loans and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount REO Properties as of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount close of each Class of Certificates, after giving effect to the distribution of principal business on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date[reserved];
(viii) the Pass-Through number, aggregate Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate for each such Class of Certificates with respect to such Distribution the Mortgage Loans as of the related Due Date;
(ix) the number and aggregate unpaid Principal Balance of Mortgage Loans (calculated in accordance with the MBA method) (a) delinquent 1 to 30 days (b) delinquent 31 to 60 days, (c) delinquent 61 to 90 days, (d) delinquent 91 or more days, in each case, as of the last day of the preceding calendar month (after taking into account any prepayments in full received prior to the end of the Prepayment Period), (e) as to which foreclosure proceedings have been commenced and (f) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force;
(x) the book value of any REO Property as of the close of business on the last business day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties as of the close of business on the last day of the preceding Prepayment Period;
(xi) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance aggregate amount of any REO Properties (and market value, if available) as of Principal Prepayments made during the close of business on the last Business Day of the calendar month preceding such Distribution Daterelated Prepayment Period;
(xiii) the Senior aggregate amount of Realized Losses incurred during the related Prepayment Percentage for each Certificate GroupPeriod, the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date;
(xiv) the aggregate amount Class Principal Balance of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, by Collateral Group made on Mortgage Loans incurred during the preceding calendar monthsuch Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses;
(xv) the Certificate Factor for each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as such Class of the related Determination Certificates applicable to such Distribution Date;
(xvi) the applicable record datesCurrent Interest in respect of the Senior Certificates, accrual periodsthe Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Interest Carry Forward Amounts, determination dates for calculating distributions if any, with respect to the Senior Certificates and actual distribution datesthe Mezzanine Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Reductions;
(xvii) any Prepayment Interest Shortfalls included in such distribution and the amount, accrued or paid in respect aggregate amount of any credit enhancement or other supportPrepayment Interest Shortfall for such Distribution Date, including to the payee and extent not covered by payments by the general purpose of such paymentServicer pursuant to Section 3.24;
(xviii) the aggregate amount of Relief Act Reductions for such Distribution Date;
(xix) the Overcollateralization Target Amount and Overcollateralization Amount for such Distribution Date;
(xx) the respective Pass-Through Rates applicable to the Senior Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to the Senior Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date;
(xxi) the Net WAC, the Net Maximum WAC, the Net Rate Cap and the Adjusted Net Rate Cap for that Distribution Date;
(xxii) the Senior Enhancement Percentage for the Distribution Date;
(xxiii) when the Stepdown Date or Trigger Event has occurred;
(xxiv) the Available Funds;
(xxv) the Net Rate Carryover for the Senior Certificates and the Mezzanine Certificates, if any, for such Distribution Date, the amount remaining unpaid after reimbursements therefor on such Distribution Date;
(xxvi) the application of the Net Rate Cap on such Distribution Date, and the amount of any Net Rate Carryover for each Class for such Distribution Date;
(xxvii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period Due Period or that have become material over time; and
(xixxxviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed as a dollar amount per single Certificate of the relevant Class.
(b) The Trust Administrator’s responsibility for disbursing making available the above information to the Master Servicer, the Trustee, the NIMS Insurer, Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Certificateholders NIMS Insurer and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicerseach Servicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) With respect to each Distribution Date, prior to the issuance of the related monthly statement to Certificateholders pursuant to Section 4.04 (each, a “Distribution Date Statement”) by the Trust Administrator, the Master Servicer shall confirm that it has received all distribution and/or servicing information required to be provided to the Master Servicer, pursuant and to the extent set forth in each Servicing Agreement, by the related Servicer for inclusion in such Distribution Date Statement. In the event the Master Servicer determines that any such information has not been provided as required or is materially incorrect, the Master Servicer shall immediately notify the related Servicer and use its reasonable best efforts to cause such Servicer to provide or correct, as the case may be, such information promptly (but in any event in time to permit the Trust Administrator to make available the Distribution Date Statement at the time required in this Agreement).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-Hf1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each the Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges Prepayments collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 29 days (2) 31 30 to 60 59 days (3) 61 60 to 90 89 days and (4) 91 90 or more days and (B) in foreclosure and delinquent (1) 1 to 30 29 days (2) 31 30 to 60 59 days (3) 61 60 to 90 89 days and (4) 91 90 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date, in accordance with the MBA methodology;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Loan Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions beginning and actual distribution datesending number and aggregate Stated Principal Balance of the Mortgage Loans;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such paymentrelated Record Date;
(xviii) unless otherwise set forth in the Form 10-D relating to such related Interest Accrual Period;
(xix) the related Determination Date;
(xx) the related Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xixxxi) unless otherwise set forth in the Form 10-D relating amount of cash received with respect to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenantsthe related Interest Accrual Period.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each the Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the ServicersServicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access to the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (STARM Mortgage Loan Trust 2007-S1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall Prepayment Interest Shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DatePercentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mastr Adj Rate Mort Tr 2004 3)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DatePercentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
; (viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mastr Adjustable Rate Mortgage Trust 2003-2)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Trust Fund Prepayment Charges collected on the Mortgage Loans identified on Schedule III attached hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days days, and (4) 91 or more days days, and (B) in foreclosure and delinquent (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days days, and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each applicable Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;; and
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect amount of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to Group 1 Basis Risk Payment any Group 2 Basis Risk Payments made on such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s 's responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s 's internet website website, initially located at “xxx.xxxxxxx.xxx”. "www.ctslink.com." Assistance in using the internet Trust Administrator's website can be obtained xxx xx xxxxxxxd by calling the Trust Administrator’s 's customer service desk at (000301) 000815-00006600. Parties that are unable to use the above distribution method are entitled mxxxxx xxx xxxxtled to have a paper copy mailed to them via first class mail by calling the Trust Administrator's customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or and more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s 's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2005-6)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee Trustee, the Class 1-A-3 Insurer and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) in the applicable record datescase of the Class 1-A-3 Certificates, accrual periodsthe Rounding Amount, determination dates if any, for calculating distributions such Distribution Date and actual distribution dates;the amount applied to repay the Rounding Amount withdrawn for such Class on the prior Distribution Date; and
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee Premium Distribution Amount and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to Deficiency Amount, if any, for such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Class 1-A-3 Insurer, Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Class 1-A-3 Insurer and Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders Certificateholders, the Class 1-A-3 Insurer and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2005-2)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Rating Agencies, the Swap Provider, the NIMS Insurer, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, separately identifying and the aggregate amount of any Principal Prepayments, the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Trust Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included thereinCharges;
(ii) the amount thereof of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution aggregate Servicing Fee (and any other compensation payable to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall Servicer) and the allocation thereof as between principal and interestMaster Servicing Fee paid during the related Due Period;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date[reserved];
(v) the number aggregate Principal Balance of the Mortgage Loans and aggregate Group Balance for each Collateral Group any REO Properties as of the close of business on such Distribution Date;
(vi) the Senior Percentage number, aggregate Principal Balance, weighted average remaining term to maturity and Subordinate Percentage for each Certificate Group for weighted average Mortgage Rate of the following Distribution Mortgage Loans as of the related Due Date;
(vii) the number and aggregate amount unpaid Principal Balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the Servicing Fees last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and Master Servicing Compensation (e) with respect to such Distribution Datewhich the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force;
(viii) the Pass-Through Rate for each such Class total number and cumulative principal balance of Certificates with respect to such Distribution Dateall REO Properties as of the close of business on the last day of the preceding Prepayment Period;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number aggregate amount of Principal Prepayments made during the related Prepayment Period;
(xi) the aggregate amount of Realized Losses incurred during the related Prepayment Period, the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate principal amounts amount of Mortgage Loans Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date;
(Axii) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days the aggregate Class Principal Balance and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more daysNotional Amount, as applicable, of each Class of Certificates, after giving effect to the close distributions, and allocations of business Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses;
(xiii) the last day Certificate Factor for each such Class of the calendar month preceding Certificates applicable to such Distribution Date;
(xixiv) with the Monthly Interest Distributable Amount in respect to any Mortgage Loan that became an REO Property during of the preceding calendar monthClass A Certificates, the loan number Mezzanine Certificates and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding Class CE Certificates for such Distribution Date and the date Unpaid Interest Shortfall Amount, if any, with respect to the Class A Certificates and the Mezzanine Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of acquisition thereofRealized Losses, Prepayment Interest Shortfalls and Relief Act Reductions;
(xiixv) the total number and principal balance aggregate amount of any REO Properties Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24;
(and market value, if availablexvi) as the aggregate amount of the close of business on the last Business Day of the calendar month preceding Relief Act Reductions for such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amountOvercollateralization Threshold Amount, accrued or paid in respect of any credit enhancement or other support, including the payee Overcollateralization Amount and Overcollateralization Deficiency Amount and the general purpose of Credit Enhancement Percentage for such paymentDistribution Date;
(xviii) unless otherwise set forth in the Form 10respective Pass-D relating Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date;
(xix) [reserved];
(xx) when the Stepdown Date or Trigger Event has occurred;
(xxi) the Available Funds;
(xxii) the Net WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, if any, for such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over timeamount remaining unpaid after reimbursements therefor on such Distribution Date; and
(xixxxiii) unless otherwise set forth in the Form 10-D relating amount of any Net Swap Payments or Swap Termination Payments. In the case of information furnished pursuant to such Distribution Datesubclauses (i) and (ii) above, material breaches the amounts shall be expressed as a dollar amount per Single Certificate of Mortgage Loan representation or warranties or transaction covenantsthe relevant Class.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the NIMS Insurer, Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 4.03 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Certificateholders NIMS Insurer and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicerseach Servicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 4.03 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mastr Second Lien Trust 2005-1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Rating Agencies, the Swap Provider, the NIMS Insurer, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, separately identifying ;
(ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest;
(iii) the aggregate Servicing Fee (and any other compensation payable to the Servicer) paid during the related Due Period;
(iv) the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution DateV hereto;
(v) the number aggregate Principal Balance of the Mortgage Loans and aggregate Group Balance for each Collateral Group any REO Properties as of the close of business on such Distribution Date;
(vi) the Senior Percentage number, aggregate Principal Balance, weighted average remaining term to maturity and Subordinate Percentage for each Certificate Group for weighted average Mortgage Rate of the following Distribution Mortgage Loans as of the related Due Date;
(vii) the number and aggregate amount unpaid Principal Balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the Servicing Fees last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and Master Servicing Compensation (e) with respect to such Distribution Datewhich the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force;
(viii) the Pass-Through Rate for each such Class total number and cumulative principal balance of Certificates with respect to such Distribution Dateall REO Properties as of the close of business on the last day of the preceding Prepayment Period;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number aggregate amount of Principal Prepayments made during the related Prepayment Period;
(xi) the aggregate amount of Realized Losses incurred during the related Prepayment Period, the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate principal amounts amount of Mortgage Loans Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date;
(Axii) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days the aggregate Class Principal Balance and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more daysNotional Amount, as applicable, of each Class of Certificates, after giving effect to the close distributions, and allocations of business Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses;
(xiii) the last day Certificate Factor for each such Class of the calendar month preceding Certificates applicable to such Distribution Date;
(xixiv) with the Monthly Interest Distributable Amount in respect to any Mortgage Loan that became an REO Property during of the preceding calendar monthSenior Certificates, the loan number Subordinate Certificates and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding Class C Certificates for such Distribution Date and the date Unpaid Interest Shortfall Amount, if any, with respect to the Senior Certificates and the Subordinate Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of acquisition thereofRealized Losses, Prepayment Interest Shortfalls and Relief Act Reductions;
(xiixv) the total number and principal balance aggregate amount of any REO Properties Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24;
(and market value, if availablexvi) as the aggregate amount of the close of business on the last Business Day of the calendar month preceding Relief Act Reductions for such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amountOvercollateralization Target Amount, accrued or paid in respect of any credit enhancement or other support, including the payee Overcollateralization Amount and Overcollateralization Deficiency Amount and the general purpose of Credit Enhancement Percentage for such paymentDistribution Date;
(xviii) unless otherwise set forth in the Form 10respective Pass-D relating Through Rates applicable to the Senior Certificates, the Subordinate Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to the Senior Certificates and the Subordinate Certificates for the immediately succeeding Distribution Date;
(xix) [reserved];
(xx) when the Stepdown Date or Trigger Event has occurred;
(xxi) the Available Funds;
(xxii) the Net WAC Rate Carryover Amount for the Senior Certificates and the Subordinate Certificates, if any, for such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over timeamount remaining unpaid after reimbursements therefor on such Distribution Date; and
(xixxxiii) unless otherwise set forth in the Form 10-D relating amount of any Net Swap Payments or Swap Termination Payments. In the case of information furnished pursuant to such Distribution Datesubclauses (i) and (ii) above, material breaches the amounts shall be expressed as a dollar amount per Single Certificate of Mortgage Loan representation or warranties or transaction covenantsthe relevant Class.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the NIMS Insurer, Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 4.03 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Certificateholders NIMS Insurer and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicerseach Servicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 4.03 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2005-8)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Certificate Insurer, the Depositor, the Rating Agencies, the NIMS Insurer, the Credit Risk Manager, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, separately identifying ;
(ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest and how such distributions are calculated;
(iii) the aggregate Servicing Fee (and any other compensation payable to the Servicer) paid during the related Due Period;
(iv) the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution DateVIII hereto;
(v) the number aggregate Principal Balance of the Mortgage Loans in each Loan Group, and aggregate Group Balance for in each Collateral Group Subgroup, and any REO Properties as of the close of business on such Distribution Date;
(vi) the Senior Percentage amount of Deferred Interest payable with respect to the Loans in each Loan Group and Subordinate Percentage for in each Certificate Group Loan Subgroup for the following Distribution Date;
(vii) the number, aggregate amount Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Servicing Fees Mortgage Loans in each Loan Group and Master Servicing Compensation with respect to such Distribution in each Loan Subgroup as of the related Due Date;
(viii) the Pass-Through Rate for number and aggregate unpaid Principal Balance of Mortgage Loans in each such Class Loan Group and in each Loan Subgroup (calculated in accordance with the MBA method) (a) delinquent 1 to 30 days (b) delinquent 31 to 60 days, (c) delinquent 61 to 90 days, (d) delinquent 91 or more days, in each case, as of Certificates the last day of the preceding calendar month (after taking into account any prepayments in full received prior to the end of the Prepayment Period), (e) as to which foreclosure proceedings have been commenced and (f) with respect to such Distribution Datewhich the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force;
(ix) the book value of any REO Property related to each Loan Group and each Loan Subgroup as of the close of business on the last business day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties as of the close of business on the last day of the preceding Prepayment Period;
(x) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xxi) the number and aggregate principal amounts amount of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property Principal Prepayments made during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereofrelated Prepayment Period;
(xii) the total number aggregate amount of Realized Losses incurred during the related Prepayment Period, the aggregate amount of Realized Losses incurred since the Closing Date and principal balance the aggregate amount of any REO Properties (Subsequent Recoveries received during the related Prepayment Period and market value, if available) as the cumulative amount of Subsequent Recoveries received since the close of business on the last Business Day of the calendar month preceding such Distribution Closing Date;
(xiii) the Senior Prepayment Percentage for aggregate Class Principal Balance and Notional Amount, as applicable, of each Certificate GroupClass of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses;
(xiv) the aggregate amount Certificate Factor for each such Class of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar monthCertificates applicable to such Distribution Date;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, the Current Interest in each case as respect of the related Determination Senior Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Interest Carry Forward Amounts, if any, with respect to the Senior Certificates and the Mezzanine Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Reductions;
(xvi) any Prepayment Interest Shortfalls included in such distribution and the applicable record datesaggregate amount of any Prepayment Interest Shortfall for such Distribution Date, accrual periods, determination dates for calculating distributions and actual distribution datesto the extent not covered by payments by the Servicer;
(xvii) the amount, accrued or paid in respect aggregate amount of any credit enhancement or other support, including the payee and the general purpose of Relief Act Reductions for such paymentDistribution Date;
(xviii) the Group 1 Overcollateralization Target Amount, Group 2 Overcollateralization Target Amount, Group 1 Overcollateralization Amount and Group 2 Overcollateralization Amount for such Distribution Date;
(xix) the respective Pass-Through Rates applicable to the Senior Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to the Senior Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date;
(xx) the Net WAC, the Available Funds Rate Cap and the Net Rate Cap, in each case, for each Loan Group and each Loan Subgroup;
(xxi) the Group 1 Senior Enhancement Percentage and Group 2 Senior Enhancement Percentage for the Distribution Date;
(xxii) when the Group 1 Stepdown Date, Group 2 Stepdown Date, Group 1 Trigger Event or Group 2 Trigger Event has occurred;
(xxiii) the Available Funds for each Loan Group and each Loan Subgroup;
(xxiv) the Net Rate Carryover for the Senior Certificates and the Mezzanine Certificates, if any, for such Distribution Date, the amount remaining unpaid after reimbursements therefor on such Distribution Date;
(xxv) the application of the Net Rate Cap on such Distribution Date, and the amount of any Net Rate Carryover for each Class for such Distribution Date;
(xxvi) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period Due Period or that have become material over time; and
(xixxxvii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed as a dollar amount per single Certificate of the relevant Class.
(b) The Trust Administrator’s responsibility for disbursing making available the above information to the Master Servicer, the Trustee, the NIMS Insurer, Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Certificateholders NIMS Insurer, the Certificate Insurer and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders Certificateholders, the Certificate Insurer and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicerseach Servicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) With respect to each Distribution Date, prior to the issuance of the related monthly statement to Certificateholders pursuant to Section 4.04 (each, a “Distribution Date Statement”) by the Trust Administrator, the Master Servicer shall confirm that it has received all distribution and/or servicing information required to be provided to the Master Servicer, pursuant and to the extent set forth in each Servicing Agreement, by the related Servicer for inclusion in such Distribution Date Statement. In the event the Master Servicer determines that any such information has not been provided as required or is materially incorrect, the Master Servicer shall immediately notify the related Servicer and use its reasonable best efforts to cause such Servicer to provide or correct, as the case may be, such information promptly (but in any event in time to permit the Trust Administrator to make available the Distribution Date Statement at the time required in this Agreement).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-3)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee Trustee, the Class 2-A-2 Insurer and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Loan Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) in the applicable record datescase of the Class 2-A-2 Certificates, accrual periodsthe Rounding Amount, determination dates if any, for calculating distributions such Distribution Date and actual distribution dates;the amount applied to repay the Rounding Amount withdrawn for such Class on the prior Distribution Date; and
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee Premium Distribution Amount and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to Deficiency Amount, if any, for such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Class 2-A-2 Insurer, Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Class 2-A-2 Insurer and Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders Certificateholders, the Class 2-A-2 Insurer and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2005-1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Certificate Insurer, the Depositor, the Rating Agencies, the NIMS Insurer, the Credit Risk Manager, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, separately identifying ;
(ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest and how such distributions are calculated;
(iii) the aggregate Servicing Fee (and any other compensation payable to the Servicer) paid during the related Due Period;
(iv) the amount of the Credit Risk Manager Fee paid to the Credit Risk Manager and the Transferor for such Distribution Date;
(v) the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution DateVIII hereto;
(vi) the Senior Percentage aggregate Principal Balance of the Mortgage Loans in each Loan Group, and Subordinate Percentage for in each Certificate Group for Subgroup, and any REO Properties as of the following close of business on such Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Deferred Interest payable with respect to such the Loans in each Loan Group and in each Loan Subgroup for the Distribution Date;
(viii) the Pass-Through number, aggregate Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate for of the Mortgage Loans in each such Class Loan Group and in each Loan Subgroup as of Certificates with respect to such Distribution the related Due Date;
(ix) the number and aggregate unpaid Principal Balance of Mortgage Loans in each Loan Group and in each Loan Subgroup (calculated in accordance with the MBA method) (a) delinquent 1 to 30 days (b) delinquent 31 to 60 days, (c) delinquent 61 to 90 days, (d) delinquent 91 or more days, in each case, as of the last day of the preceding calendar month (after taking into account any prepayments in full received prior to the end of the Prepayment Period), (e) as to which foreclosure proceedings have been commenced and (f) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force;
(x) the book value of any REO Property related to each Loan Group and each Loan Subgroup as of the close of business on the last business day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties as of the close of business on the last day of the preceding Prepayment Period;
(xi) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance aggregate amount of any REO Properties (and market value, if available) as of Principal Prepayments made during the close of business on the last Business Day of the calendar month preceding such Distribution Daterelated Prepayment Period;
(xiii) the Senior aggregate amount of Realized Losses incurred during the related Prepayment Percentage for each Certificate GroupPeriod, the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date;
(xiv) the aggregate amount Class Principal Balance and Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, by Collateral Group made on Mortgage Loans incurred during the preceding calendar monthsuch Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses;
(xv) the Certificate Factor for each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as such Class of the related Determination Certificates applicable to such Distribution Date;
(xvi) the applicable record datesCurrent Interest in respect of the Senior Certificates, accrual periodsthe Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Interest Carry Forward Amounts, determination dates for calculating distributions if any, with respect to the Senior Certificates and actual distribution datesthe Mezzanine Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Reductions;
(xvii) any Prepayment Interest Shortfalls included in such distribution and the amount, accrued or paid in respect aggregate amount of any credit enhancement or other supportPrepayment Interest Shortfall for such Distribution Date, including to the payee and extent not covered by payments by the general purpose of such paymentServicer;
(xviii) the aggregate amount of Relief Act Reductions for such Distribution Date;
(xix) the Group 1 Overcollateralization Target Amount, Group 2 Overcollateralization Target Amount, Group 1 Overcollateralization Amount and Group 2 Overcollateralization Amount for such Distribution Date;
(xx) the respective Pass-Through Rates applicable to the Senior Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to the Senior Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date;
(xxi) the Net WAC, the Available Funds Rate Cap and the Net Rate Cap, in each case, for each Loan Group and each Loan Subgroup;
(xxii) the Group 1 Senior Enhancement Percentage and Group 2 Senior Enhancement Percentage for the Distribution Date;
(xxiii) when the Group 1 Stepdown Date, Group 2 Stepdown Date, Group 1 Trigger Event or Group 2 Trigger Event has occurred;
(xxiv) the Available Funds for each Loan Group and each Loan Subgroup;
(xxv) the Net Rate Carryover for the Senior Certificates and the Mezzanine Certificates, if any, for such Distribution Date, the amount remaining unpaid after reimbursements therefor on such Distribution Date;
(xxvi) the application of the Net Rate Cap on such Distribution Date, and the amount of any Net Rate Carryover for each Class for such Distribution Date;
(xxvii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period Due Period or that have become material over time; and
(xixxxviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed as a dollar amount per single Certificate of the relevant Class.
(b) The Trust Administrator’s responsibility for disbursing making available the above information to the Master Servicer, the Trustee, the NIMS Insurer, Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Certificateholders NIMS Insurer, the Certificate Insurer and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders Certificateholders, the Certificate Insurer and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicerseach Servicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) With respect to each Distribution Date, prior to the issuance of the related monthly statement to Certificateholders pursuant to Section 4.04 (each, a “Distribution Date Statement”) by the Trust Administrator, the Master Servicer shall confirm that it has received all distribution and/or servicing information required to be provided to the Master Servicer, pursuant and to the extent set forth in each Servicing Agreement, by the related Servicer for inclusion in such Distribution Date Statement. In the event the Master Servicer determines that any such information has not been provided as required or is materially incorrect, the Master Servicer shall immediately notify the related Servicer and use its reasonable best efforts to cause such Servicer to provide or correct, as the case may be, such information promptly (but in any event in time to permit the Trust Administrator to make available the Distribution Date Statement at the time required in this Agreement).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-3)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Trust Fund Prepayment Charges collected on the Mortgage Loans identified on Schedule III attached hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days days, and (4) 91 or more days days, and (B) in foreclosure and delinquent (1) 1 to 30 days days, (2) 31 to 60 days days, (3) 61 to 90 days days, and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution DateDate determined based on the MBA method;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each applicable Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website website, initially located at “xxx.xxxxxxx.xxx”. .” Assistance in using the internet Trust Administrator’s website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the Trust Administrator’s customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or and more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(viia)(iv) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) With respect to each Distribution Date, prior to the issuance of the related monthly statement to Certificateholders pursuant to Section 4.04 (each, a “Distribution Date Statement”) by the Trust Administrator, the Master Servicer shall confirm that it has received all distribution and/or servicing information required to be provided to the Master Servicer, pursuant and to the extent set forth in each Servicing Agreement, by the related Servicer for inclusion in such Distribution Date Statement. In the event the Master Servicer determines that any such information has not been provided as required or is materially incorrect, the Master Servicer shall immediately notify the related Servicer and use its reasonable best efforts to cause such Servicer to provide or correct, as the case may be, such information promptly (but in any event in time to permit the Trust Administrator to make available the Distribution Date Statement at the time required in this Agreement).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2006-2)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Certificate Insurer, the Depositor, the Rating Agencies, the NIMS Insurer, the Trustee and any other interested parties a statement based in part on information provided by each the Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, separately identifying ;
(ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest and how such distributions are calculated;
(iii) the aggregate Servicing Fee (and any other compensation payable to the Servicer) paid during the related Due Period;
(iv) the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution DateIV hereto;
(v) the number aggregate Principal Balance of the Mortgage Loans and aggregate Group Balance for each Collateral Group any REO Properties as of the close of business on such Distribution Date;
(vi) the Senior Percentage number, aggregate Principal Balance, weighted average remaining term to maturity and Subordinate Percentage for each Certificate Group for weighted average Mortgage Rate of the following Distribution Mortgage Loans as of the related Due Date;
(vii) the number and aggregate amount unpaid Principal Balance of Mortgage Loans (calculated in accordance with the MBA method) (a) delinquent 1 to 30 days (b) delinquent 31 to 60 days, (c) delinquent 61 to 90 days, (d) delinquent 91 or more days, in each case, as of the Servicing Fees last day of the preceding calendar month (after taking into account any prepayments in full received prior to the end of the Prepayment Period), (e) as to which foreclosure proceedings have been commenced and Master Servicing Compensation (f) with respect to such Distribution Datewhich the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Dateany Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of the related Mortgage Loan, the unpaid principal balance of the related Mortgage Loan and the principal balance of the related Mortgage Loan as of the date it became an REO Property;
(ix) the book value of any REO Property as of the close of business on the last business day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties as of the close of business on the last day of the preceding Prepayment Period;
(x) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xxi) the number aggregate amount of Principal Prepayments made during the related Prepayment Period;
(xii) the aggregate amount of Realized Losses incurred during the related Prepayment Period, the aggregate amount of Realized Losses incurred since the Closing Date, the aggregate amount of Subsequent Recoveries received during the related Prepayment Period, the cumulative amount of Subsequent Recoveries received since the Closing Date and the allocations of Allocated Realized Loss Amounts to each Class of Mezzanine Certificates;
(xiii) the aggregate principal amounts Class Principal Balance of Mortgage Loans each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses;
(Axiv) delinquent (exclusive of Mortgage Loans the Current Interest in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as respect of the close Senior Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Interest Carry Forward Amounts, if any, with respect to the Senior Certificates and the Mezzanine Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of business on Realized Losses, Prepayment Interest Shortfalls and Relief Act Reductions;
(xv) any Prepayment Interest Shortfalls included in such distribution and the last day aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the calendar month preceding extent not covered by payments of Compensating Interest by the Servicer pursuant to the Servicing Agreement;
(xvi) the aggregate amount of Relief Act Reductions for such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xiixvii) the total number Overcollateralization Target Amount and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding Overcollateralization Amount for such Distribution Date;
(xiiixviii) the respective Pass-Through Rates applicable to the Senior Prepayment Percentage Certificates, the Mezzanine Certificates and the Class C Certificates for each Certificate Group;
(xiv) such Distribution Date and the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans incurred during Pass-Through Rate applicable to the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount Senior Certificates and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Mezzanine Certificates for the immediately succeeding Distribution Date;
(xvixix) the applicable record dates, accrual periods, determination dates for calculating distributions Net WAC and actual distribution datesthe Net Rate Cap;
(xviixx) the amount, accrued or paid in respect of any credit enhancement or other support, including Senior Enhancement Percentage for the payee and the general purpose of such paymentDistribution Date;
(xviiixxi) when the Stepdown Date or Trigger Event has occurred;
(xxii) the Available Funds;
(xxiii) the Net Rate Carryover for the Senior Certificates and the Mezzanine Certificates, if any, for such Distribution Date, the amount remaining unpaid after reimbursements therefor on such Distribution Date;
(xxiv) the application of the Net Rate Cap on such Distribution Date, and the amount of any Net Rate Carryover for each Class for such Distribution Date;
(xxv) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period Due Period or that have become material over time; and;
(xixxxvi) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants; and
(xxvii) the amount of the Premium Distribution Amount, the Certificate Insurer Reimbursement Amount and the amount of any draws on the Certificate Insurance Policies. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed as a dollar amount per single Certificate of the relevant Class.
(b) The Trust Administrator’s responsibility for disbursing making available the above information to the Master Servicer, the Trustee, the NIMS Insurer, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each the Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Certificateholders NIMS Insurer, the Certificate Insurer and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders Certificateholders, the Certificate Insurer and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the ServicersServicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access to the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(viia)(vi) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) With respect to each Distribution Date, prior to the issuance of the related monthly statement to Certificateholders pursuant to Section 4.04 (each, a “Distribution Date Statement”) by the Trust Administrator, the Master Servicer shall confirm that it has received all distribution and/or servicing information required to be provided to the Master Servicer pursuant and to the extent set forth in the Servicing Agreement by the Servicer for inclusion in such Distribution Date Statement. In the event the Master Servicer determines that any such information has not been provided as required or is materially incorrect, the Master Servicer shall immediately notify the Servicer and use its reasonable best efforts to cause the Servicer to provide or correct, as the case may be, such information promptly (but in any event in time to permit the Trust Administrator to make available the Distribution Date Statement at the time required in this Agreement).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (TBW Mortgage-Backed Trust Series 2006-6)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Loan Group, incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust AdministratorMaster Servicer’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available on a restricted basis each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust AdministratorMaster Servicer’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust AdministratorMaster Servicer’s customer service desk at (000) 000-000 0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator Master Servicer shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator Master Servicer shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust AdministratorMaster Servicer’s internet website, the Trust Administrator Master Servicer may require registration and the acceptance of a disclaimer. The Trust Administrator Master Servicer will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mort Ps THR Certs 2004-1)
Distribution Date Statements to Certificateholders. (a) Not later than On the earlier of the two Business Days prior Distribution Dates to occur each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Datemonth, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer as well as information included in each Underlying Distribution Date Statement setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Asset Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group Asset Group, on Mortgage Loans incurred during the preceding calendar month, and also with respect to Asset Group 2, the aggregate amount of Realized Losses on the Underlying Mortgage Loans allocable to the Underlying Certificates;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record datesamount of principal and interest, accrual periodsif any, determination dates for calculating distributions and actual distribution datesdistributed in respect of the Underlying Certificates on the related Underlying Distribution Dates;
(xvii) the amount, accrued or paid in respect principal balance of any credit enhancement or other support, including the payee Underlying Certificates (a) immediately prior to the related Distribution Date and the general purpose (b) as of such payment;Distribution Date after giving effect to the distribution of principal made thereon on the related Underlying Distribution Date; and
(xviii) unless otherwise set forth in tabular form, the Form 10-D relating to such following information as of the immediately preceding Underlying Distribution Date: (1) the aggregate principal balance of the Underlying Mortgage Loans, material modifications(2) the fractions expressed as percentages, extensions the numerators of which are the aggregate principal balance of Underlying Mortgage Loans that are (a) 31-60 days, (b) 61-90 days, and (c) 91 days or waivers more delinquent, (d) in foreclosure, and (e) related to REO properties, respectively, and the denominators of which are, in each case, the aggregate principal balance of the Underlying Mortgage Loan terms, fees, penalties or payments during Loans and (3) the distribution period or that have become material over time; and
(xix) unless otherwise set forth in cumulative and current dollar amount of Realized Losses on the Form 10-D relating to such Distribution Date, material breaches of Underlying Mortgage Loan representation or warranties or transaction covenantsLoans.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer and the information provided in the Underlying Distribution Date Statements by the Underlying Master Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the ServicersServicers and the Underlying Master Servicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) The Trust Administrator shall promptly furnish to the Depositor and, upon the written request and at the expense of a Holder of a Group 2 Certificate, will make available to such Certificateholder, copies of any notices, statements, reports or other communications including, without limitation, the Underlying Distribution Date Statements, received by the Trust Administrator in its capacity as holder of the Underlying Certificates, with respect to the Underlying Certificates. The Trust Administrator shall make available copies of all Underlying Distribution Date Statements to the Rating Agencies promptly after its receipt of the same.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2004-6)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Loan Group, incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust AdministratorMaster Servicer’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust AdministratorMaster Servicer’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust AdministratorMaster Servicer’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator Master Servicer shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator Master Servicer shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust AdministratorMaster Servicer’s internet website, the Trust Administrator Master Servicer may require registration and the acceptance of a disclaimer. The Trust Administrator Master Servicer will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Mort Pass THR Certs Ser 2003-12)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DatePercentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mastr Alt Loan Tr 2003-5)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DateJunior Percentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Transactions Inc Mastr Asset Sec Tr 03 2)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DatePercentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Pass Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust AdministratorMaster Servicer’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust AdministratorMaster Servicer’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust AdministratorMaster Servicer’s customer service desk at (000) 000-000 0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator Master Servicer shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator Master Servicer shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust AdministratorMaster Servicer’s internet website, the Trust Administrator Master Servicer may require registration and the acceptance of a disclaimer. The Trust Administrator Master Servicer will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Incmastr Asset Sec Tr 2003 7)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on by the Mortgage Loans Servicers identified on Schedule III attached hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viiivii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ixviii) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xix) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xiixi) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xivxii) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;
(xiii) whether a Trigger Event has occurred and is continuing (including the calculation thereof and the aggregate outstanding balance of all 60+ Day Delinquent Mortgage Loans);
(xiv) the amount on deposit in the Excess Reserve Fund Account (after giving effect to distributions on such Distribution Date);
(xv) each Special Hazard the aggregate amount of Applied Realized Loss Coverage Amount, each Fraud Amounts incurred during the preceding calendar month and aggregate Applied Realized Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Amounts through such Distribution Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions amount of any Net Monthly Excess Cashflow on such Distribution Date and actual distribution datesthe allocation thereof to the Certificateholders with respect to Applied Realized Loss Amounts and Unpaid Interest Amounts;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee Overcollateralized Amount and the general purpose of such payment;Specified Overcollateralized Amount; and
(xviii) unless otherwise set forth the amount thereof allocable to interest, any Unpaid Interest Amounts included in such distribution and any remaining Unpaid Interest Amounts after giving effect to such distribution, any Yield Maintenance Agreement Payments, any Basis Risk Carry Forward Amount for such Distribution Date and the Form 10-D relating to amount of all Basis Risk Carry Forward Amounts covered by withdrawals from the Excess Reserve Fund Account on such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s 's responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s 's internet website website, initially located at “xxx.xxxxxxx.xxx”. "www.ctslink.com." Assistance in using the Trust Administrator's internet website can be xxxxxxx xxx xx obtained by calling the Trust Administrator’s 's customer service desk at (000301) 000815-00006600. Parties that are unable to use the above distribution method are entitled mexxxx xxx xxxxxled to have a paper copy mailed to them via first class mail by calling the Trust Administrator's customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s 's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2004-9)
Distribution Date Statements to Certificateholders. (a) Not later than On the earlier of the two Business Days prior Distribution Dates to occur each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Datemonth, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer as well as information included in each Underlying Distribution Date Statement setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Asset Group 2 and Asset Group 3 on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group 2 and Certificate Group 3 for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees (for each Servicer) and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupGroup 2 and Certificate Group 3;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Asset Group, incurred during the preceding calendar month;
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record datesamount of principal and interest, accrual periodsif any, determination dates for calculating distributions and actual distribution datesdistributed in respect of each of the Underlying Certificates on the related Underlying Distribution Dates;
(xvii) the amountprincipal balance of each class of the Underlying Certificates, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose aggregate principal balance of all of the classes of the Underlying Certificates, in each case, (a) immediately prior to the related Distribution Date and (b) as of such payment;Distribution Date after giving effect to the distribution of principal made thereon on the related Underlying Distribution Date; and
(xviii) unless otherwise set forth for each Underlying Trust, in tabular form, the Form 10-D relating to such following information as of the immediately preceding Underlying Distribution Date: (1) the aggregate principal balance of the related Underlying Mortgage Loans, material modifications(2) the fractions expressed as percentages, extensions the numerators of which are the aggregate principal balance of related Underlying Mortgage Loans that are (a) 31-60 days, (b) 61-90 days, and (c) 91 days or waivers more delinquent, (d) in foreclosure, and (e) related to REO properties, respectively, and the denominators of which are, in each case, the aggregate principal balance of the related Underlying Mortgage Loan terms, fees, penalties or payments during Loans and (3) the distribution period or that have become material over time; and
(xix) unless otherwise set forth in cumulative and current dollar amount of realized losses on the Form 10-D relating to such Distribution Date, material breaches of related Underlying Mortgage Loan representation or warranties or transaction covenantsLoans.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer and the information provided in the Underlying Distribution Date Statements by each Underlying Master Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the ServicersServicers and any Underlying Master Servicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) The Trust Administrator shall promptly furnish to the Depositor and, upon the written request and at the expense of a Holder of a Group 1 Certificate or Class PO Certificate, will make available to such Certificateholder, copies of any notices, statements, reports or other communications including, without limitation, the Underlying Distribution Date Statements, received by the Trust Administrator in its capacity as holder of the Underlying Certificates, with respect to the Underlying Certificates. The Trust Administrator shall make available copies of all Underlying Distribution Date Statements to the Rating Agencies promptly after its receipt of the same.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Transaction Inc Mastr Asset Sec Tr 2004-4)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DateJunior Percentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust AdministratorMaster Servicer’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust AdministratorMaster Servicer’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust AdministratorMaster Servicer’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator Master Servicer shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator Master Servicer shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). To the extent that the Trustee receives any statement required to be provided to it by the Master Servicer pursuant to Section 4.04(a), the Trustee will make a copy of such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and other interested parties, and other parties to this Agreement via the Trustee’s internet website located at “xxx.xxxxxxxx.xxx/xxxxxx”. Assistance in using the internet website can be obtained by calling the Trustee’s customer service desk at (000) 000-0000. As a condition to access the Trust AdministratorMaster Servicer’s internet website or the Trustee’s internet website, the Trust Administrator Master Servicer and the Trustee may require registration and the acceptance of a disclaimer. The Trust Administrator Neither the Master Servicer nor the Trustee will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, based solely upon, and to the Trust Administrator extent of, information provided to it by the Master Servicer pursuant to Section 4.04(a), the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc MRT Ps THR Certs Ser 2003-3)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee Trustee, the Credit Risk Manager and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution DateDate in accordance with the MBA method;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions beginning and actual distribution datesending number and aggregate Stated Principal Balance of the Mortgage Loans;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such paymentrelated Record Date;
(xviii) unless otherwise set forth in the Form 10-D relating to such related Interest Accrual Period;
(xix) the related Determination Date;
(xx) the related Distribution Date, material modifications, extensions or waivers ;
(xxi) the amount of cash received with respect to Mortgage Loan terms, fees, penalties or payments the related Interest Accrual Period;
(xxii) whether any Exchangeable Certificates and/or Exchangeable REMIC Certificates were exchanged during the distribution period previous calendar month;
(xxiii) the Certificate exchanges that occurred during the related Interest Accrual Period;
(xxiv) the Classes of Exchangeable Certificates that were created during the related Interest Accrual Period;
(xxv) the balance or that have become material over timenotional amount of each Class of Exchangeable Certificates outstanding;
(xxvi) the Pass-Through Rates of the outstanding Classes of Exchangeable Certificates; and
(xixxxvii) unless otherwise set forth in the Form 10-D relating amount of interest and principal paid to such Distribution Datethe Classes of Exchangeable Certificates, material breaches of Mortgage Loan representation or warranties or transaction covenantsincluding any shortfalls.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website initially located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access to the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2007-1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to On each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator Trustee shall make available to each Certificateholder, the Rating Agencies and the Depositor, the Trustee and any other interested parties a statement based in part on information provided by included in each Servicer Underlying Distribution Date Statement setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iiiv) below, the amounts shall be expressed as a dollar amount per one thousand:thousand dollars):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Trustee Compensation with respect to such Distribution DateDate pursuant to clause (b) of the definition of Trustee Compensation;
(viiivi) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ixvii) the amount of Advances included principal and interest, if any, distributed in respect of each of the distribution Trust Assets on the related Underlying Distribution Dates;
(viii) the principal balance of each class of the Trust Assets, and the aggregate principal balance of all of the classes of the Trust Assets, in each case, (a) immediately prior to the related Distribution Date and (b) as of such Distribution Date and after giving effect to the aggregate amount distribution of Advances outstanding as of principal made thereon on the close of business on such related Underlying Distribution Date;; and
(xix) for the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans Underlying Trust, in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar monthtabular form, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case following information as of the related Determination Underlying Distribution Date;
: (xvi1) the applicable record datesaggregate principal balance of the Underlying Mortgage Loans, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii2) the amountfractions expressed as percentages, accrued the numerators of which are the aggregate principal balance of the Underlying Mortgage Loans that are (a) 31-60 days, (b) 61-90 days, and (c) 91 days or paid more delinquent, (d) in respect of any credit enhancement or other supportforeclosure, including the payee and (e) related to REO properties, respectively, and the general purpose denominators of such payment;
which are, in each case, the aggregate principal balance of the Underlying Mortgage Loans and (xviii3) unless otherwise set forth in the Form 10-D relating cumulative and current dollar amount of realized losses Underlying Mortgage Loans allocated to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenantsTrust Assets.
(b) The Trust Administrator’s Trustee's responsibility for disbursing making the above information available to the Master Servicer, the Trustee, the Depositor, the Rating Agencies and the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided to the Trust in the Underlying Distribution Date Statements by each the Master Servicer. The Trust Administrator Trustee will make a copy of each statement provided pursuant to this Section 4.04 4.03 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested partiesCertificateholders, the Rating Agencies and other parties to this Agreement via the Trust Administrator’s Trustee's internet website located at “"xxx.xxxxxxx.xxx”". Assistance in using the internet website can be obtained by calling the Trust Administrator’s Trustee's customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator Trustee shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator Trustee shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the ServicersMaster Servicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s Trustee's internet website, the Trust Administrator Trustee may require registration and the acceptance of a disclaimer. The Trust Administrator Trustee will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(viia)(ii) of this Section 4.04 4.03 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time in effect.
(d) The Trustee shall promptly furnish to the Depositor and, upon the written request and at the expense of a Certificateholder, will make available to such Certificateholder, copies of any notices, statements, reports or other communications including, without limitation, the Underlying Distribution Date Statements, received by the Trustee in its capacity as holder of the Trust Assets, with respect to the Trust Assets.
(e) With respect to each Distribution Date, prior to the issuance of the related monthly statement to Certificateholders pursuant to this Section 4.03 (each, a "Distribution Date Statement"), the Trustee shall confirm that it has received all distribution and/or servicing information required to be provided to the Trustee by the Master Servicer for inclusion in such Distribution Date Statement. In the event the Trustee determines that any such information has not been provided as required or is materially incorrect, the Trustee shall immediately notify the Master Servicer and use its reasonable best efforts to cause the Master Servicer to provide or correct, as the case may be, such information promptly (but in any event in time to permit the Trustee to distribute the Distribution Date Statement at the time required in this Agreement).
Appears in 1 contract
Samples: Trust Agreement (MASTR Seasoned Securitization Trust 2004-2)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than On each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group Loan Group, on Mortgage Loans incurred during the preceding calendar month;; and
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2004-8)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than On each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Loan Group on Mortgage Loans incurred during the preceding calendar month;; and
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mastr Alternative Loan Trust 2004-12)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DatePercentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust AdministratorMaster Servicer’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust AdministratorMaster Servicer’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust AdministratorMaster Servicer’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator Master Servicer shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator Master Servicer shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust AdministratorMaster Servicer’s internet website, the Trust Administrator Master Servicer may require registration and the acceptance of a disclaimer. The Trust Administrator Master Servicer will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Incmastr Asset Sec Tr 2003 7)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s 's responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s 's internet website website, initially located at “xxx.xxxxxxx.xxx”. "www.ctslink.com." Assistance in using the internet Trust Administrator's website can be obtained xxx xx xxxxxxxd by calling the Trust Administrator’s 's customer service desk at (000301) 000815-00006600. Parties that are unable to use the above distribution method are entitled mxxxxx xxx xxxxtled to have a paper copy mailed to them via first class mail by calling the Trust Administrator's customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or and more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s 's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2004-4)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Loan Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;; and
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect amount of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to Yield Maintenance Payments on such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mastr Alternative Loan Trust 2005-2)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DatePercentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mort Pas THR Certs Ser 2003 4)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than On each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on by the Mortgage Loans Servicers identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Loan Group on Mortgage Loans incurred during the preceding calendar month;; and
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mastr Alternative Loan Trust 2004-13)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee Trustee, and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;; and
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders Certificateholders, and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mastr Seasoned Securitization Trust 2005-2)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than On each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer as well as information included in each Underlying Distribution Date Statement setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Asset Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Asset Group (other than Asset Group 3), on Mortgage Loans incurred during the preceding calendar month, and with respect to Asset Group 3, the aggregate amount of Realized Losses on the Underlying Mortgage Loans allocable to the Underlying Certificates;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record datesamount of principal and interest, accrual periodsif any, determination dates for calculating distributions and actual distribution datesdistributed in respect of the Underlying Certificates on the related Underlying Distribution Date;
(xvii) the amount, accrued or paid in respect principal balance of any credit enhancement or other support, including the payee Underlying Certificates (a) immediately prior to the related Distribution Date and the general purpose (b) as of such payment;Distribution Date after giving effect to the distribution of principal made thereon on the related Underlying Distribution Date; and
(xviii) unless otherwise set forth in tabular form, the Form 10-D relating to such following information as of the related Underlying Distribution Date: (1) the aggregate principal balance of the Underlying Mortgage Loans, material modifications(2) the fractions expressed as percentages, extensions the numerators of which are the aggregate principal balance of Underlying Mortgage Loans that are (a) 31-60 days, (b) 61-90 days, and (c) 91 days or waivers more delinquent, (d) in foreclosure, and (e) related to REO properties, respectively, and the denominators of which are, in each case, the aggregate principal balance of the Underlying Mortgage Loan terms, fees, penalties or payments during Loans and (3) the distribution period or that have become material over time; and
(xix) unless otherwise set forth in cumulative and current dollar amount of Realized Losses on the Form 10-D relating to such Distribution Date, material breaches of Underlying Mortgage Loan representation or warranties or transaction covenantsLoans.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer and the information provided in the Underlying Distribution Date Statements by the Underlying Master Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the ServicersServicers and the Underlying Master Servicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
(d) The Trust Administrator shall promptly furnish to the Depositor and, upon the written request and at the expense of a Holder of a Group 3 Certificate, will make available to such Certificateholder, copies of any notices, statements, reports or other communications including, without limitation, the Underlying Distribution Date Statements, received by the Trust Administrator in its capacity as holder of the Underlying Certificates, with respect to the Underlying Certificates. The Trust Administrator shall make available copies of all Underlying Distribution Date Statements to the Rating Agencies promptly after its receipt of the same.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2004-9)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III attached hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viiivii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ixviii) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xix) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xiixi) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xivxii) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;
(xiii) whether a Trigger Event has occurred and is continuing (including the calculation thereof and the aggregate outstanding balance of all 60+ Day Delinquent Mortgage Loans);
(xiv) the amount on deposit in the Excess Reserve Fund Account (after giving effect to distributions on such Distribution Date);
(xv) each Special Hazard the aggregate amount of Applied Realized Loss Coverage Amount, each Fraud Amounts incurred during the preceding calendar month and aggregate Applied Realized Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Amounts through such Distribution Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions amount of any Net Monthly Excess Cashflow on such Distribution Date and actual distribution datesthe allocation thereof to the Certificateholders with respect to Applied Realized Loss Amounts and Unpaid Interest Amounts;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee Overcollateralized Amount and the general purpose of such payment;Specified Overcollateralized Amount; and
(xviii) unless otherwise set forth the amount thereof allocable to interest, any Unpaid Interest Amounts included in such distribution and any remaining Unpaid Interest Amounts after giving effect to such distribution, any Yield Maintenance Agreement Payments, any Basis Risk Carry Forward Amount for such Distribution Date and the Form 10-D relating to amount of all Basis Risk Carry Forward Amounts covered by withdrawals from the Excess Reserve Fund Account on such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s 's responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s 's internet website website, initially located at “xxx.xxxxxxx.xxx”. "www.ctslink.com." Assistance in using the internet website can be Trust Administrator's internex xxxxxxx xxx xe obtained by calling the Trust Administrator’s 's customer service desk at (000301) 000815-00006600. Parties that are unable to use the above distribution method are entitled mxxxxx xxx xxxxtled to have a paper copy mailed to them via first class mail by calling the Trust Administrator's customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s 's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages 2004-14)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each the Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each applicable Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s 's responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each the Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s 's internet website website, initially located at “xxx.xxxxxxx.xxx”. "www.ctslink.com." Assistance in using the internet Trust Administrator's website can be obtained xxx xx xxxxxxxd by calling the Trust Administrator’s 's customer service desk at (000301) 000815-00006600. Parties that are unable to use the above distribution method are entitled mxxxxx xxx xxxxtled to have a paper copy mailed to them via first class mail by calling the Trust Administrator's customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or and more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s 's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2004-13)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Component Balance of each Component, after giving effect to the distribution of principal on such Distribution Date;
(vi) the Allocable Amount Balance of each Allocable Amount after giving effect to the allocation of principal on such Distribution Date;
(vii) the Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(viviii) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(viiix) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viiix) the Pass-Pass Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ixxi) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xxii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xixiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xiixiv) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiiixv) the Senior Prepayment Percentage for each Certificate Group;
(xivxvi) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Loan Group, incurred during the preceding calendar month;; and
(xvxvii) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust AdministratorMaster Servicer’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust AdministratorMaster Servicer’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust AdministratorMaster Servicer’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator Master Servicer shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator Master Servicer shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust AdministratorMaster Servicer’s internet website, the Trust Administrator Master Servicer may require registration and the acceptance of a disclaimer. The Trust Administrator Master Servicer will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mastr Asset Sec Tr 2003 11)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DateJunior Percentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust AdministratorMaster Servicer’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust AdministratorMaster Servicer’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust AdministratorMaster Servicer’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator Master Servicer shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator Master Servicer shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). To the extent that the Trustee receives any statement required to be provided to it by the Master Servicer pursuant to Section 4.04(a), the Trustee will make a copy of such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and other interested parties, and other parties to this Agreement via the Trustee’s internet website located at “xxx.xxxxxxxx.xxx/xxxxxx”. Assistance in using the internet website can be obtained by calling the Trustee’s customer service desk at (000) 000-0000. As a condition to access the Trust AdministratorMaster Servicer’s internet website or the Trustee’s internet website, the Trust Administrator Master Servicer and the Trustee may require registration and the acceptance of a disclaimer. The Trust Administrator Neither the Master Servicer nor the Trustee will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, based solely upon, and to the Trust Administrator extent of, information provided to it by the Master Servicer pursuant to Section 4.04(a), the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mastr Seasoned Securitization Trust 2003-1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer the Servicers setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges Prepayments collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Loan Group on such Distribution Date;
(vi) the related Senior Percentage and related Subordinate Percentage for each Certificate Loan Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date, in accordance with the MBA methodology;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Loan Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Loan Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions beginning and actual distribution datesending number and aggregate Stated Principal Balance of the Mortgage Loans;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such paymentrelated Record Date;
(xviii) unless otherwise set forth in the Form 10-D relating to such related Interest Accrual Period;
(xix) the related Determination Date;
(xx) the related Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xixxxi) unless otherwise set forth in the Form 10-D relating amount of cash received with respect to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenantsthe related Interest Accrual Period.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicerthe Servicers. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the ServicersServicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access to the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (STARM Mortgage Loan Trust 2007-3)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions beginning and actual distribution datesending number and aggregate Stated Principal Balance of the Mortgage Loans;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such paymentrelated Record Date;
(xviii) unless otherwise set forth in the Form 10-D relating to such related Interest Accrual Period;
(xix) the related Determination Date;
(xx) the related Distribution Date, material modifications, extensions or waivers ;
(xxi) the amount of cash received with respect to Mortgage Loan terms, fees, penalties or payments the related Interest Accrual Period;
(xxii) whether any Exchangeable Certificates and/or Exchangeable REMIC Certificates were exchanged during the distribution period previous calendar month;
(xxiii) the Certificate exchanges that occurred during the related Interest Accrual Period;
(xxiv) the Classes of Exchangeable Certificates that were created during the related Interest Accrual Period;
(xxv) the balance or that have become material over timenotional amount of each Class of Exchangeable Certificates outstanding;
(xxvi) the Pass-Through Rates of the outstanding Classes of Exchangeable Certificates;
(xxvii) the amount of interest and principal paid to the Classes of Exchangeable Certificates, including any shortfalls; and
(xixxxviii) unless otherwise set forth in any amounts distributed pursuant to the Form 10-D relating to Cap Agreement on such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access to the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2007-1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on by the Mortgage Loans Servicers identified on Schedule III attached hereto and remitted to the Trust and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viiivii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ixviii) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(xix) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xiixi) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xivxii) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;
(xiii) whether a Trigger Event has occurred and is continuing (including the calculation thereof and the aggregate outstanding balance of all 60+ Day Delinquent Mortgage Loans);
(xiv) the amount on deposit in the Excess Reserve Fund Account (after giving effect to distributions on such Distribution Date);
(xv) each Special Hazard the aggregate amount of Applied Realized Loss Coverage Amount, each Fraud Amounts incurred during the preceding calendar month and aggregate Applied Realized Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Amounts through such Distribution Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions amount of any Net Monthly Excess Cashflow on such Distribution Date and actual distribution datesthe allocation thereof to the Certificateholders with respect to Applied Realized Loss Amounts and Unpaid Interest Amounts;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee Overcollateralized Amount and the general purpose of such payment;Specified Overcollateralized Amount; and
(xviii) unless otherwise set forth the amount thereof allocable to interest, any Unpaid Interest Amounts included in the Form 10-D relating such distribution and any remaining Unpaid Interest Amounts after giving effect to such distribution, any Basis Risk Carry Forward Amount for such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during any Yield Maintenance Agreement Payments and the distribution period or that have become material over time; and
(xix) unless otherwise set forth in amount of all Basis Risk Carry Forward Amounts covered by withdrawals from the Form 10-D relating to Excess Reserve Fund Account on such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s 's responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s 's internet website website, initially located at “xxx.xxxxxxx.xxx”"www.ctslink.com". Assistance in using the internet website can be Trust Administrator's internex xxxxxxx xxx xe obtained by calling the Trust Administrator’s 's customer service desk at (000301) 000815-00006600. Parties that are unable to use the above distribution method are entitled mxxxxx xxx xxxxtled to have a paper copy mailed to them via first class mail by calling the Trust Administrator's customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s 's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will shall not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(viia)(iv) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2004-9)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each the Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges Prepayments collected on the Mortgage Loans identified on Schedule III hereto and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Certificate Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date, in accordance with the MBA methodology;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Loan Group on Mortgage Loans incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions beginning and actual distribution datesending number and aggregate Stated Principal Balance of the Mortgage Loans;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such paymentrelated Record Date;
(xviii) unless otherwise set forth in the Form 10-D relating to such related Interest Accrual Period;
(xix) the related Determination Date;
(xx) the related Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xixxxi) unless otherwise set forth in the Form 10-D relating amount of cash received with respect to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenantsthe related Interest Accrual Period.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each the Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the ServicersServicer) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access to the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Starm Mortgage Loan Trust 2007-2)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DatePercentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust AdministratorMaster Servicer’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust AdministratorMaster Servicer’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust AdministratorMaster Servicer’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator Master Servicer shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator Master Servicer shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust AdministratorMaster Servicer’s internet website, the Trust Administrator Master Servicer may require registration and the acceptance of a disclaimer. The Trust Administrator Master Servicer will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time-to-time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mastr Asset Securitization Trust 2003-10)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than On each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand:
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution Date;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate Group;
(xiv) the aggregate amount of Realized Losses, by Collateral Group Loan Group, on Mortgage Loans incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2004-10)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee MBIA and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DateJunior Percentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;
(xv) each Special Hazard Loss Coverage Amount, each Fraud Loss Coverage Amount and each Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) in the applicable record datescase of the Class 2-A-4 Certificates, accrual periods(a) the Deficiency Amount, determination dates if any, for calculating distributions such Distribution Date and actual distribution dates;(b) amounts, if any, in respect of the Deficiency Amount paid under the Policy; and
(xvii) in the amountcase of the Class 2-A-4 Certificates, accrued or paid in respect of any credit enhancement or other supportthe Rounding Amount, including the payee if any, for such Distribution Date and the general purpose of amount applied to repay the Rounding Amount withdrawn for such payment;
(xviii) unless otherwise set forth in Class on the Form 10-D relating to such prior Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust AdministratorMaster Servicer’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders Certificateholders, MBIA and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator Master Servicer will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders Certificateholders, MBIA and other interested parties, and other parties to this Agreement via the Trust AdministratorMaster Servicer’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust AdministratorMaster Servicer’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator Master Servicer shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator Master Servicer shall provide timely and adequate notification to the Certificateholders Certificateholders, MBIA and the parties to this Agreement regarding any such changes. The Trust Administrator Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). To the extent that the Trustee receives any statement required to be provided to it by the Master Servicer pursuant to Section 4.04(a), the Trustee will make a copy of such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, MBIA and other interested parties, and other parties to this Agreement via the Trustee’s internet website located at “xxx.xxxxxxxx.xxx/xxxxxx”. Assistance in using the internet website can be obtained by calling the Trustee’s customer service desk at (000) 000-0000. As a condition to access the Trust AdministratorMaster Servicer’s internet website or the Trustee’s internet website, the Trust Administrator Master Servicer and the Trustee may require registration and the acceptance of a disclaimer. The Trust Administrator Neither the Master Servicer nor the Trustee will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, based solely upon, and to the Trust Administrator extent of, information provided to it by the Master Servicer pursuant to Section 4.04(a), the Trustee shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator Trustee pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mastr Asset Securitization Trust 2003-1)
Distribution Date Statements to Certificateholders. (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator Trustee and not later than each Distribution Date, the Trust Administrator Master Servicer shall make available to each Certificateholder, the Depositor, the Trustee Depositor and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i), (ii) and (iivii) below, the amounts shall be expressed as a dollar amount per one thousand:minimum denomination Certificate, such minimum denominations being as set forth in the Preliminary Statement):
(i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments, Class P Prepayment Charges collected on the Mortgage Loans identified on Schedule III hereto Prepayments and Liquidation Proceeds included therein;
(ii) the amount thereof allocable to interest, any unpaid Class Interest Shortfall included in such distribution and any remaining unpaid Class Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest;
(iv) the Certificate Principal Balance as a dollar amount per minimum denomination Certificate and the Class Principal Balance or Notional Amount of each Class of Certificates, after giving effect to the distribution of principal on such Distribution Date;
(v) the number and aggregate Group Pool Principal Balance for each Collateral Loan Group on such Distribution Date;
(vi) the Senior Percentage and Subordinate Percentage for each Certificate Group for the following Distribution DatePercentage;
(vii) the aggregate amount of the Servicing Fees and Master Servicing Compensation Fees with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates with respect to such Distribution Date;
(ix) the amount of Advances included in the distribution on such Distribution Date and the aggregate amount of Advances outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and the date of acquisition thereof;
(xii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage for each Certificate GroupPercentage;
(xiv) the aggregate amount of Realized Losses, by Collateral Group on Mortgage Loans Losses incurred during the preceding calendar month;; and
(xv) each the Special Hazard Loss Coverage Amount, each the Fraud Loss Coverage Amount and each the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date;
(xvi) the applicable record dates, accrual periods, determination dates for calculating distributions and actual distribution dates;
(xvii) the amount, accrued or paid in respect of any credit enhancement or other support, including the payee and the general purpose of such payment;
(xviii) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the distribution period or that have become material over time; and
(xix) unless otherwise set forth in the Form 10-D relating to such Distribution Date, material breaches of Mortgage Loan representation or warranties or transaction covenants.
(b) The Trust Administrator’s responsibility for disbursing the above information to the Master Servicer, the Trustee, the Depositor, the Certificateholders and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Trust Administrator will make a copy of each statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to the Certificateholders and other interested parties, and other parties to this Agreement via the Trust Administrator’s internet website located at “xxx.xxxxxxx.xxx”. Assistance in using the internet website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution method are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Trust Administrator shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties (including the Servicers) for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement.
(c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall cause to be furnished upon request to each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i), (a)(ii) and (a)(vii) of this Section 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in effect.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mort Pass THR Certs Ser 2003-6)
