Common use of MASTER SERVICER'S CERTIFICATE Clause in Contracts

MASTER SERVICER'S CERTIFICATE. Section 4.01 Master Servicer's Certificate. Each month, not later than 12:00 noon Eastern time no later than five (5) Business Days prior to the related Distribution Date, the Master Servicer shall deliver to the Trustee, a Master Servicer's Certificate (in an electronic format mutually acceptable to the Master Servicer and the Trustee) certified by a Master Servicing Officer setting forth any loan-level information necessary for the Trustee to perform its obligations under Article V of this Agreement, including, but not limited to, (1) the amount, as applicable, of (i) interest, (ii) the interest portion, if any, of Realized Losses, (iii) Non-Supported Interest Shortfalls, (iv) scheduled principal, (v) Payoffs and Curtailments, (vi) the principal portion of Realized Losses, (vii) the Pool Distribution Amount for each Loan Group and (viii) the Excess Proceeds to be distributed or allocated, as applicable, to each Class of Certificates on such Distribution Date; (2) information regarding delinquencies on the Mortgage Loans, indicating the number and aggregate Stated Principal Balance of Mortgage Loans which are one, two, three or more months delinquent, the number and aggregate Stated 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; and (3) the amount of any Special Primary Mortgage Insurance Premium payable on such Distribution Date. The Trustee may conclusively rely upon the information contained in a Master Servicer's Certificate for all purposes hereunder and shall have no duty to verify or re-compute any of the information contained therein.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp. Mortgage Pass-Through Certificates Series 2004-3), Pooling and Servicing Agreement (Banc of America Funding MTG Pass Thru Certs Ser 2003-3)

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MASTER SERVICER'S CERTIFICATE. Section 4.01 (a) Each month, not later than 12:00 noon Eastern time on the 18th calendar day of such month (or if such day is not a Business Day, the following Business Day), the WF Master Servicer shall deliver to the Securities Administrator, a Master Servicer's CertificateCertificate (in substance and format mutually acceptable to the WF Master Servicer and the Securities Administrator) certified by a Master Servicing Officer of the WF Master Servicer setting forth the information necessary in order for the Securities Administrator to perform its obligations under this Agreement. The Securities Administrator may conclusively rely upon the information contained in a Master Servicer's Certificate delivered by the WF Master Servicer for all purposes hereunder and shall have no duty to verify or re-compute any of the information contained therein. (b) Each month, not later than 12:00 noon Eastern time no later than five (5) Business Days prior to the related Distribution Date, the WMMSC Master Servicer shall deliver to the TrusteeSecurities Administrator, a Master Servicer's Certificate (in an electronic format mutually acceptable to the WMMSC Master Servicer and the TrusteeSecurities Administrator) certified by a Master Servicing Officer of the WMMSC Master Servicer setting forth any loan-level information necessary for the Trustee Securities Administrator to perform its obligations under Article V of this Agreement, including, but not limited to, (1) the amount, as applicable, of (i) interest, (ii) the interest portion, if any, of Realized Losses, (iii) Non-Supported Interest Shortfalls, (iv) scheduled principal, (v) Payoffs and Curtailments, (vi) the principal portion of Realized Losses, (vii) the Pool Distribution Amount for each Loan Group and (viii) the Excess Proceeds to be distributed or allocated, as applicable, to each Class of Certificates on such Distribution Date; and (2) information regarding delinquencies on the WMMSC Mortgage Loans, indicating the number and aggregate Stated Principal Balance of WMMSC Mortgage Loans which are one, two, three or more months delinquent, the number and aggregate Stated Principal Balance of WMMSC 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; and (3) the amount of any Special Primary Mortgage Insurance Premium payable on such Distribution Date. The Trustee Securities Administrator may conclusively rely upon the information contained in a Master Servicer's Certificate delivered by the WMMSC Master Servicer for all purposes hereunder and shall have no duty to verify or re-compute any of the information contained therein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp. Mortgage Pass-Through Certificates Series 2004-D)

MASTER SERVICER'S CERTIFICATE. Section 4.01 (a) Each month, not later than 12:00 noon Eastern time on the 18th calendar day of such month (or if such day is not a Business Day, the following Business Day), the WF Master Servicer shall deliver to the Securities Administrator, a Master Servicer's CertificateCertificate based solely on the information provided by the WF Servicers (in substance and format mutually acceptable to the WF Master Servicer and the Securities Administrator) certified by a Master Servicing Officer of the WF Master Servicer setting forth the information necessary in order for the Securities Administrator to perform its obligations under this Agreement. The Securities Administrator may conclusively rely upon the information contained in a Master Servicer's Certificate delivered by the WF Master Servicer for all purposes hereunder and shall have no duty to verify or re-compute any of the information contained therein. (b) Each month, not later than 12:00 noon Eastern time no later than five (5) Business Days prior to the related Distribution Date, the WMMSC Master Servicer shall deliver to the TrusteeSecurities Administrator, a Master Servicer's Certificate (in an electronic format mutually acceptable to the WMMSC Master Servicer and the TrusteeSecurities Administrator) certified by a Master Servicing Officer of the WMMSC Master Servicer setting forth any loan-level information necessary for the Trustee Securities Administrator to perform its obligations under Article V of this Agreement, including, but not limited to, (1) the amount, as applicable, of (i) interest, (ii) the interest portion, if any, of Realized Losses, (iii) Non-Supported Interest Shortfalls, (iv) scheduled principal, (v) Payoffs and Curtailments, (vi) the principal portion of Realized Losses, (vii) the Pool Distribution Amount for each Loan Group and (viii) the Excess Proceeds to be distributed or allocated, as applicable, to each Class of Certificates on such Distribution Date; Date and (2) information regarding delinquencies on the WMMSC Mortgage Loans, indicating the number and aggregate Stated Principal Balance of WMMSC Mortgage Loans which are one, two, three or more months delinquent, the number and aggregate Stated Principal Balance of WMMSC 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; and (3) the amount of any Special Primary Mortgage Insurance Premium payable on such Distribution Date. The Trustee Securities Administrator may conclusively rely upon the information contained in a Master Servicer's Certificate delivered by the WMMSC Master Servicer for all purposes hereunder and shall have no duty to verify or re-compute any of the information contained therein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp. Mortgage Pass-Through Certificates Series 2004-4)

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MASTER SERVICER'S CERTIFICATE. Section 4.01 (a) Each month, not later than 12:00 noon Eastern time on the 18th calendar day of such month (or if such day is not a Business Day, the following Business Day), the WF Master Servicer shall deliver to the Securities Administrator, a Master Servicer's CertificateCertificate (in substance and format mutually acceptable to the WF Master Servicer and the Securities Administrator) certified by a Master Servicing Officer of the WF Master Servicer setting forth the information necessary in order for the Securities Administrator to perform its obligations under this Agreement. The Securities Administrator may conclusively rely upon the information contained in a Master Servicer's Certificate delivered by the WF Master Servicer for all purposes hereunder and shall have no duty to verify or re-compute any of the information contained therein. (b) Each month, not later than 12:00 noon Eastern time no later than five (5) Business Days prior to the related Distribution Date, the WMMSC Master Servicer shall deliver to the TrusteeSecurities Administrator, a Master Servicer's Certificate (in an electronic format mutually acceptable to the WMMSC Master Servicer and the TrusteeSecurities Administrator) certified by a Master Servicing Officer of the WMMSC Master Servicer setting forth any loan-level information necessary for the Trustee Securities Administrator to perform its obligations under Article V of this Agreement, including, but not limited to, (1) the amount, as applicable, of (i) interest, (ii) the interest portion, if any, of Realized Losses, (iii) Non-Supported Interest Shortfalls, (iv) scheduled principal, (v) Payoffs and Curtailments, (vi) the principal portion of Realized Losses, (vii) the Pool Distribution Amount for each Loan Group and (viii) the Excess Proceeds to be distributed or allocated, as applicable, to each Class of Certificates on such Distribution Date; Date and (2) information regarding delinquencies on the WMMSC Mortgage Loans, indicating the number and aggregate Stated Principal Balance of WMMSC Mortgage Loans which are one, two, three or more months delinquent, the number and aggregate Stated Principal Balance of WMMSC 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; and (3) the amount of any Special Primary Mortgage Insurance Premium payable on such Distribution Date. The Trustee Securities Administrator may conclusively rely upon the information contained in a Master Servicer's Certificate delivered by the WMMSC Master Servicer for all purposes hereunder and shall have no duty to verify or re-compute any of the information contained therein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp. 2005-1 Trust)

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