Master Servicer Reports Sample Clauses

Master Servicer Reports. To the extent the Master Servicer receives timely information from each Servicer not later than 2:00 p.m. Boston, Massachusetts time two Business Days prior to each Distribution Date, the Master Servicer shall deliver or cause to be delivered to the Trustee, the Seller and the Depositor the related Master Servicer’s Monthly Report which shall contain (i) a summary report of Mortgage Loan payment activity for such month, (ii) delinquency summary reports for Mortgage Loans with respect to which scheduled payments due in such month were not made, (iii) an itemization by category of all amounts to be paid on the Distribution Date, (iv) the aggregate principal balance of all Foreclosure Restricted Loans that are subject to foreclosure proceedings in such month (to the extent such information is required to be reported and is reported by the Servicer to the Master Servicer) and (v) such other information as is necessary for the Trustee to report items in Sections 6.08(a) and (b); provided, however, that the Master Servicer shall provide the information detailed in clauses (iii), (iv) and (v) above with respect to the assets of the Trust Fund other than the Mortgage Loans only to the extent that it receives such information in a timely manner from the parties that are required to provide such information to the Master Servicer. In the event the Master Servicer does not receive timely information from each Servicer, the Master Servicer shall deliver or cause to be delivered the Master Servicer’s Monthly Report to the Trustee within one Business Day following the Master Servicer’s receipt of the necessary information.
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Master Servicer Reports. To the extent the Master Servicer receives timely information from each Servicer not later than 2:00 p.m. Charlotte, North Carolina time two Business Days prior to each Distribution Date, the Master Servicer shall deliver or cause to be delivered to the Trustee, the Seller and the Depositor the related Master Servicer’s Monthly Report which shall contain (i) a summary report of Mortgage Loan payment activity for such month, (ii) delinquency summary reports for Mortgage Loans with respect to which scheduled payments due in such month were not made, (iii) an itemization by category of all amounts to be paid on the Distribution Date, (iv) the aggregate principal balance of all Foreclosure Restricted Loans that are subject to foreclosure proceedings in such month and (v) such other information as is necessary for the Trustee to report items in Sections 6.08(a) and (b); provided, however, that the Master Servicer shall provide the information detailed in clauses (iii), (iv) and (v) above with respect to the assets of the Trust Fund other than the Mortgage Loans only to the extent that it receives such information in a timely manner from the parties that are required to provide such information to the Master Servicer. In the event the Master Servicer does not receive timely information from each Servicer, the Master Servicer shall deliver or cause to be delivered the Master Servicer’s Monthly Report to the Trustee within one Business Day following the Master Servicer’s receipt of the necessary information.
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Master Servicer Reports. Section 4.28. Annual Officer’s Certificate as to Compliance. 86 Section 4.29. Annual Independent Accountants’ Servicing Report. 86 Section 4.30. Merger or Consolidation.
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Master Servicer Reports. Section 4.28. Annual Officer’s Certificate as to Compliance. 88 Section 4.29. Annual Independent Accountants’ Servicing Report. 88 Section 4.30. Merger or Consolidation. Section 4.31. Reports filed with the Securities and Exchange Commission. 89 Section 4.32. Assignment or Delegation of Duties by the Master Servicer. 90 Section 4.33. Limitation on Liability of the Master Servicer and Others. 90 Section 4.34. Transfer of Servicing. 91 Section 4.35. Master Servicer Exchange Act Reporting Requirements. 92 ARTICLE V THE CERTIFICATES 92 Section 5.01. The Certificates. 92 Section 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates. 93 Section 5.03. [Reserved] 98 Section 5.04. Mutilated, Destroyed, Lost or Stolen Certificates. 98 Section 5.05. Persons Deemed Owners. 98 Section 5.06. Access to List of Certificateholders’ Names and Addresses. 98 Section 5.07. Maintenance of Office or Agency. 98 ARTICLE VI DEPOSITS AND DISTRIBUTIONS 99
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Master Servicer Reports. Section 4.28. Annual Officer’s Certificate as to Compliance. 86
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Master Servicer Reports. 37 ARTICLE IV- ACCOUNTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Section 4.01. Protected Accounts . . . . . . . . . . . . . . . . . . 39 Section 4.02. Certificate Account . . . . . . . . . . . . . . . . . . 41 Section 4.03. Permitted Withdrawals and Transfers from the Certificate Account . . . . . . . . . . . . . . . . 42 Section 4.04 Buydown Fund Accounts . . . . . . . . . . . . . . . . . 45 Page ---- ARTICLE V - CERTIFICATES . . . . . . . . . . . . . . . . . . . . . . . . . . 46 Section 5.01. The Certificates . . . . . . . . . . . . . . . . . . . 46 Section 5.02. Certificates Issuable in Series; Authorized Denominations . . . . . . . . . . . . . . . . . . . 46 Section 5.03. Registration of Transfer and Exchange of Certificates . . . . . . . . . . . . . . . . . . . . 47 Section 5.04. Mutilated, Destroyed, Lost or Stolen Certificates . . . 47 Section 5.05. Persons Deemed Owners . . . . . . . . . . . . . . . . . 48 Section 5.06. Office for Transfer of Certificates . . . . . . . . . . 48
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Master Servicer Reports. (a) On or before the Determination Date, each Master Servicer shall provide to the Certificate Trustee, with respect to the Mortgage Loans such Master Servicer services and the Mortgage Loans in each Mortgage Loan Group and the related REO Property, respectively, a Master Servicer Report in such electronic format as the Certificate Trustee may reasonably request and in such hardcopy format as each Master Servicer and the Certificate Trustee shall agree which, if there are sub-servicers, shall be based upon reports from sub- servicers, if any, received by a Master Servicer on or before the seventh Business Day of such month with respect to the related Mortgage Loans and related REO Property in each Mortgage Loan Group and containing the following information (in respect of the REO Property, only such information which is applicable) (provided that the information marked with an "*" below may be provided by a Master Servicer solely in a hardcopy format):
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Master Servicer Reports. Not later than 12:00 ----------------------- noon Pacific time on the fifteenth calendar day of each month (or the immediately preceding Business Day if such calendar day is not a Business Day), the Master Servicer shall deliver or cause to be delivered to the Trustee the related Master Servicer's Monthly Report on computer readable magnetic tape or diskette in a mutually agreed upon format. This report shall also contain (i) a summary report of Mortgage Loan payment activity for such month, (ii) exception payment reports for Mortgage Loans with respect to which scheduled payments due in such month were not made, (iii) an itemization by category of all amounts to be paid on the Distribution Date, and (iv) a trial balance in the form of a computer tape. Not later than 12:00 noon Pacific time on the eighteenth calendar day of each month (or the immediately succeeding business day if such calendar day falls on a Saturday or Sunday or a holiday) (each a "REPORT DATE"), the Master Servicer shall deliver or cause to be delivered to the Trustee such Master Servicer's Monthly Report on computer readable magnetic tape or diskette such information as is necessary for the Trustee to report items in 6.08(b).
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Related to Master Servicer Reports

  • Servicer Reports The Servicer shall provide monthly reports to the Purchaser pursuant to Section 6.02 in the formats attached hereto as Exhibits 13 and 14, or in such other format as the Servicer, the Purchaser and the Depositor shall agree in writing.

  • Certain Special Servicer Reports (a) The Special Servicer, for each Specially Serviced Mortgage Loan, shall provide to the Master Servicer and the Paying Agent one (1) Business Day after the Determination Date for each month, the CMSA Special Servicer Loan File in such electronic format as is mutually acceptable to the Master Servicer and the Special Servicer and in CMSA format. The Master Servicer and the Paying Agent may use such reports or information contained therein to prepare its reports and the Master Servicer may, at its option, forward such reports directly to the Depositor and the Rating Agencies.

  • Administrator’s Certificate; Servicer’s Report (a) On or before the tenth day of each month (or, if any such day is not a Business Day, on the next succeeding Business Day), the Servicer shall deliver to the Administrator a Servicer’s Report with respect to the preceding month containing all information necessary for the Administrator to receive in connection with the preparation of the Administrator’s Officers’ Certificate covering such calendar month referred to in Section 3.1(b) below. On or before the tenth day (or, if any such day is not a Business Day, on the next succeeding Business Day), preceding each Distribution Date the Servicer shall deliver to the Administrator a Servicer’s Report with respect to the preceding Collection Period containing all information necessary for the Administrator to receive in connection with the preparation of the Administrator’s Certificate covering such Collection Period referred to in Section 3.1(c) below.

  • Reports to the Trustee; Certificate Account Statement Not later than 15 days after each Distribution Date, the Master Servicer shall forward a statement, certified by a Servicing Officer, to the Trustee setting forth the status of the Certificate Account as of the close of business on such Distribution Date and showing, for the period covered by such statement, the aggregate of deposits into and withdrawals from the Certificate Account for each category of deposit specified in Section 3.04 and each category of withdrawal specified in Section 3.05, and stating that all distributions required by this Agreement have been made (or if any required distribution has not been made, specifying the nature and amount thereof). The Trustee shall make available such statements to any Certificateholder upon request at the expense of the Master Servicer. Such statement shall also, to the extent available, include information regarding delinquencies on the Mortgage Loans, indicating the number and aggregate Principal Balance of Mortgage Loans which are one, two, three or more months delinquent, the number and aggregate Principal Balance of Mortgage Loans with respect to which foreclosure proceedings have been initiated and the book value of any Mortgaged Property acquired by the Trust through foreclosure, deed in lieu of foreclosure or other exercise of the Trust's security interest in the Mortgaged Property.

  • Servicing Reports Seller shall deliver and cause each Servicer to deliver to Buyer and Custodian a monthly remittance report on or before the second Business Day immediately preceding each monthly Remittance Date containing servicing information, including those fields reasonably requested by Buyer from time to time, on an asset by asset and in the aggregate, with respect to the Purchased Assets for the month (or any portion thereof) before the date of such report

  • Reports to the Trustee; Collection Account Statements Not later than twenty days after each Distribution Date, the Servicer shall forward, upon request, to the Trustee and the Depositor the most current available bank statement for the Collection Account. Copies of such statement shall be provided by the Trustee to any Certificateholder and to any Person identified to the Trustee as a prospective transferee of a Certificate, upon request at the expense of the requesting party, provided such statement is delivered by the Servicer to the Trustee.

  • Monthly Servicing Report Prior to the Lead Securitization Date, each month, the Servicer shall prepare and shall promptly deliver copies to each of the Holders a report containing the following information:

  • Advances by the Master Servicer; Distribution Reports to the Trustee (a) To the extent described below, the Master Servicer is obligated to advance its own funds to the Certificate Account to cover any shortfall between (i) payments scheduled to be received in respect of Mortgage Loans, and (ii) the amounts actually deposited in the Certificate Account on account of such payments. The Master Servicer's obligation to make any advance or advances described in this Section 4.02 is effective only to the extent that such advance is, in the good faith judgment of the Master Servicer made on or before the second Business Day prior to each Distribution Date, reimbursable from Insurance Proceeds or Liquidation Proceeds of the related Mortgage Loans or recoverable as late Monthly Payments with respect to the related Mortgage Loans or otherwise. Prior to the close of business on the second Business Day prior to each Distribution Date, the Master Servicer shall determine whether or not it will make a Monthly P&I Advance on the Business Day prior to such Distribution Date (in the event that the applicable Servicer fails to make such advances) and shall furnish a written statement to the Trustee, the Paying Agent, if any, and to any Certificateholder requesting the same, setting forth the aggregate amount to be advanced on account of principal and interest in respect of the Mortgage Loans, stated separately. In the event that the Master Servicer shall be required to make a Monthly P&I Advance, it shall on the Business Day prior to the related Distribution Date either (i) deposit in the Certificate Account an amount equal to such Monthly P&I Advance, (ii) make an appropriate entry in the records of the Certificate Account that funds in such account being held for future distribution or withdrawal have been, as permitted by this Section 4.02, used by the Master Servicer to make such Monthly P&I Advance, or (iii) make advances in the form of any combination of (i) and (ii) aggregating the amount of such Monthly P&I Advance. Any funds being held for future distribution to Certificateholders and so used shall be replaced by the Master Servicer by deposit in the Certificate Account on the Business Day immediately preceding any future Distribution Date to the extent that funds in the Certificate Account on such Distribution Date with respect to the Mortgage Loans shall be less than payments to Certificateholders required to be made on such date with respect to the Mortgage Loans. Under each Selling and Servicing Contract, the Master Servicer is entitled to receive from the Custodial Accounts for P&I established by the Servicers amounts received by the applicable Servicers on particular Mortgage Loans as late payments of principal and interest or as Liquidation or Insurance Proceeds and respecting which the Master Servicer has made an unreimbursed advance of principal and interest. The Master Servicer is also entitled to receive other amounts from the related Custodial Accounts for P&I established by the Servicers to reimburse itself for prior Nonrecoverable Advances respecting Mortgage Loans serviced by such Servicers. The Master Servicer shall deposit these amounts in the Investment Account prior to withdrawal pursuant to Section 3.05. In accordance with Section 3.05, Monthly P&I Advances are reimbursable to the Master Servicer from cash in the Investment Account or the Certificate Account to the extent that the Master Servicer shall determine that any such advances previously made are Nonrecoverable Advances pursuant to Section 4.03.

  • Servicing Report On each Reporting Date, the Servicer will provide to the Borrower, each Lender, the Administrative Agent and the Collateral Agent, a monthly statement including (i) a Borrowing Base Certificate, (ii) a Loan Asset Schedule, (iii) a calculation of each Collateral Quality Test, (iv) a list of Loan Assets acquired, sold, substituted or released, (v) a calculation of the Retained Principal Distributions and (vi) if such Reporting Date occurs in a calendar month in which a Payment Date occurs, amounts to be remitted pursuant to Section 2.04 to the applicable parties (which shall include any applicable wiring instructions of the parties receiving payment) (such monthly statement, a “Servicing Report” and the portion of a Servicing Report referred to in clause (vi), a “Payment Date Report”), with respect to last calendar day of the previous calendar month in the case of clauses (i) through (iii) and with respect to the last calendar month in the case of clause (iv), signed by a Responsible Officer of the Servicer and the Borrower and substantially in the form of Exhibit H. Each Servicing Report shall constitute instructions by the Servicer (or after delivery of a Notice of Exclusive Control, the Administrative Agent) to the Collateral Agent to withdraw on the related Payment Date from the applicable Collection Account and pay or transfer amounts set forth in such report in the manner specified herein. The Servicer shall notify the Administrative Agent on the Reporting Date if the Servicing Report will not be delivered to the Lenders, the Administrative Agent and the Collateral Agent on such Determination Date.

  • Remittance Reports; Advances by the Master Servicer (a) By 11:00 A.M. New York time the Business Day following each Determination Date, the Master Servicer shall deliver to the Trustee a report, prepared as of the close of business on the Determination Date (the "Determination Date Report"), by telecopy or in a mutually agreeable electronic format. The Determination Date Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the Master Servicer and that is required by the Trustee for purposes of making the calculations referred to in the following paragraph, as set forth in written specifications or guidelines issued by the Trustee from time to time. Not later than 2:00 P.M. New York time on the Certificate Account Deposit Date, the Trustee shall furnish by telecopy to the Master Servicer a statement (the information in such statement to be made available to Certificateholders or the Depositor by the Master Servicer on request) setting forth (i) the Available Distribution Amount, (ii) the amounts required to be withdrawn from the Custodial Account and deposited into the Certificate Account on the immediately succeeding Certificate Account Deposit Date pursuant to clause (iii) of Section 4.01 (a); and (iii) such other information with respect to the Mortgage Loans as the Trustee may reasonably require to perform the calculations necessary to make the distributions contemplated by Section 4.01 and to prepare the statements to Certificateholders contemplated by Section 4.02. The determination by the Trustee of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder.

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