Common use of Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer Clause in Contracts

Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer. (a) Prior to the close of business on the Determination Date, the Master Servicer shall furnish a written statement to the Trustee, the Certificate Insurer, any Paying Agent and the Company (the information in such statement to be made available to Certificateholders by the Master Servicer on request) setting forth (i) the Available Distribution Amount, (ii) the amounts required to be withdrawn from the Custodial Account, the Reserve Fund or the Rounding Account and deposited into the Certificate Account on the immediately succeeding Certificate Account Deposit Date, (iii) the amount of Cumulative Insurance Payments as of such Determination Date, and (iv) the amounts required to be withdrawn from the Rounding Account; provided, however, that the Master Servicer shall provide to the Trustee a written statement setting forth the portion of the Senior Principal Distribution Amount distributable to the Retail Certificates on any Distribution Date no later than 12:00 Noon New York time on the Business Day immediately preceding each Determination Date to enable the Trustee to notify the Certificate Insurer in accordance with Section 12.02. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Trustee shall be protected in relying upon the same without any independent check or verification.

Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer. (a) Prior to the close of business on the Determination Date, the Master Servicer shall furnish a written statement to the Trustee, the Certificate Insurer, any Paying Agent and the Company (the information in such statement to be made available to Certificateholders by the Master Servicer on request) setting forth (i) the Available Distribution AmountAmount for each Loan Group, (ii) the amounts required to be withdrawn from the Custodial Account, the Rounding Accounts or Reserve Fund or the Rounding Account and deposited into the Certificate Account and Certificate Insurance Account on the immediately succeeding Certificate Account Deposit DateDate pursuant to clause (iii) of Section 4.01(a), (iii) the amount of the Insurance Premium, and (iv) the amount of Cumulative Insurance Payments as of such Determination Date, and (iv) the amounts required to be withdrawn from the Rounding Account; provided, however, that the Master Servicer shall provide to the Trustee a written statement setting forth the portion of the Senior Principal Distribution Amount distributable to the Retail each Class of Insured Certificates on any Distribution Date no later than 12:00 Noon New York time on the Business Day immediately preceding each Determination Date to enable the Trustee to notify the Certificate Insurer Depository in accordance with Section 12.024.12(c) and (d). The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Trustee shall be protected in relying upon the same without any independent check or verification.

Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer. (a) Prior to the close of business on the Determination Date, the Master Servicer shall furnish a written statement to the Trustee, the Certificate Insurer, any Paying Agent and the Company (the information in such statement to be made available to Certificateholders by the Master Servicer on request) setting forth (i) the Available Distribution Amount, (ii) the amounts required to be withdrawn from the Custodial Account, the Reserve Fund or the Rounding Account and deposited into the Certificate Account on the immediately succeeding Certificate Account Deposit Date, (iii) the amount of Cumulative Insurance Payments as of such Determination Date, and (iv) the amounts required to be withdrawn from deposited into the Rounding Account; provided, however, that the Master Servicer shall provide to the Trustee a written statement setting forth the portion of the Senior Principal Distribution Amount distributable to the Retail Certificates on any Distribution Date no later than 12:00 Noon New York time on the Business Day immediately preceding each Determination Date to enable the Trustee to notify the Certificate Insurer in accordance with Section 12.02. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Trustee shall be protected in relying upon the same without any independent check or verification.

Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer. (a) Prior to the close of business on the Determination Date, the Master Servicer shall furnish a written statement to the Trustee, the Certificate Insurer, any Paying Agent and the Company (the information in such statement to be made available to Certificateholders by the Master Servicer on request) setting forth (i) the Available Distribution Amount, (ii) the amounts required to be withdrawn from the Custodial Account, the Rounding Account or Reserve Fund or the Rounding Account and deposited into the Certificate Account on the immediately succeeding Certificate Account Deposit DateDate pursuant to Section 4.01(a), (iii) the amounts required to be withdrawn from the Rounding Account or Reserve Fund and (iv) the amount of Cumulative Insurance Payments as of such Determination Date, and (iv) the amounts required to be withdrawn from the Rounding Account; provided, however, that the Master Servicer shall provide to the Trustee a written statement setting forth the portion of the Senior Principal Distribution Amount distributable to the Retail Certificates on any Distribution Date no later than 12:00 Noon New York time Eastern Standard Time on the Business Day immediately preceding each Determination Date to enable the Trustee to notify the Certificate Insurer Depository in accordance with Section 12.02Sections 4.13(c) and (d). The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Trustee shall be protected in relying upon the same without any independent check or verification.

Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer. (a) Prior to the close of business on the Determination Date, the Master Servicer shall furnish a written statement to the Trustee, the Certificate Insurer, any Paying Agent and the Company (the information in such statement to be made available to Certificateholders by the Master Servicer on request) setting forth (i) the Available Distribution Amount, (ii) the amounts required to be withdrawn from the Custodial Account, the Reserve Fund I, Reserve Fund II or the Rounding Account and deposited into the Certificate Account on the immediately succeeding Certificate Account Deposit Date, (iii) the amount of Cumulative Insurance Payments as of such Determination Date, and (iv) the amounts required to be withdrawn from deposited into the Rounding Account; provided, however, that the Master Servicer shall provide to the Trustee a written statement setting forth the portion of the Senior Principal Distribution Amount distributable to the Retail Certificates on any Distribution Date no later than 12:00 Noon New York time on the Business Day immediately preceding each Determination Date to enable the Trustee to notify the Certificate Insurer in accordance with Section 12.02. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Trustee shall be protected in relying upon the same without any independent check or verification.

Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer. (a) Prior to the close of business on the Determination Date, the Master Servicer shall furnish a written statement to the Trustee, the Certificate Insurer, any Paying Agent and the Company (the information in such statement to be made available to Certificateholders by the Master Servicer on request) setting forth (i) the Available Distribution Amount, (ii) the amounts required to be withdrawn from the Custodial Account, the Rounding Accounts or Reserve Fund or the Rounding Account and deposited into the Certificate Account and Certificate Insurance Account on the immediately succeeding Certificate Account Deposit Date, Date pursuant to clause (iii) of Section 4.01(a) and (iii) the amount of Cumulative Insurance Payments as of such Determination Date, and (iv) the amounts required to be withdrawn from the Rounding Account; provided, however, that the Master Servicer shall provide to the Trustee a written statement setting forth the portion of the Senior Principal Distribution Amount distributable to the each Class of Retail Certificates on any Distribution Date no later than 12:00 Noon New York time on the Business Day immediately preceding each Determination Date to enable the Trustee to notify the Certificate Insurer Depository in accordance with Section 12.024.12(c) and (d). The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Trustee shall be protected in relying upon the same without any independent check or verification.