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Common use of Monthly Statements to Certificateholders Clause in Contracts

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the Servicer, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such Distribution Date; (vi) the related amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due Period; (vii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate; (xiii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer a copy of any report delivered by the Servicer to the Trustee. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors, Inc. Series 2005-Bc1)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and cause to be forwarded by first class mail to the Depositor, each Servicer and each Rating Agency, and make available on its the website located maintained by the Trustee at www.jpmorgan.com/sfr to each Holder of a Class of Certificates of the Xxxxx Xxxxhttp://www.jpmxxxxx.xxx/xxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies and the Depositor a statement x xxxxxxxxx setting forth with respect to the related distribution for the Certificateseach Certificate Group: (i) the amount of the related distribution to Holders of each Class thereof allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein, (B) and the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anythe distribution made to the holders of the Class P Certificates allocable to Prepayment Penalties; (ii) 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 such distribution to Holders of each Class allocable to the shortfall and the allocation thereof as between principal and interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carry Forward Amount for the Class Principal Balance of each Class of Certificates after giving effect to the Offered Certificatesdistribution of principal on such Distribution Date; (iv) the Class Certificate aggregate Stated Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date the Mortgage Loans in Loan Group 1 and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution DateMortgage Loans in Loan Group 2; (v) the Pool Stated Principal Balance for amount of the Servicing Fees and Prepayment Penalties, if applicable, with respect to such Distribution Date; (vi) the related amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due Period; (vii) the Pass-Through Rate for each such Class of Certificates for with respect to such Distribution Date; (viiivii) the amount of Advances included in the distribution on such Distribution DateDate and the aggregate amount of Advances outstanding as of the end of the preceding month; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xiviii) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, days and (B) in foreclosure and Delinquent delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, assuming twelve thirty day months; (xiiix) for each of the preceding 12 calendar months, or all calendar months since the related Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on each of the Due Dates in each such month and (B) delinquent 60 days or more on each of the Due Dates in each such month; (x) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month Determination Date preceding such Distribution Date and the date of acquisition thereof, in the aggregate; (xiiixi) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of the calendar month Determination Date preceding such Distribution Date, in the aggregate; (xivxii) the aggregate Stated Principal Balance amount of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased Realized Losses incurred during the preceding Due Period calendar month and since the Cut-off aggregate Realized Losses through such Distribution Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxvxiii) as of each the Rolling Three Month Delinquency Rate for the Mortgage Loans for such Distribution Date, . Assistance in using the amount, if any, website can be obtained by calling the Trustee's customer service desk at 877-722-1095. Xxxxxxx xxxx are unable to be deposited in use the Cap Contract Account pursuant website are entitled to have a paper copy mailed to them via first class mail by written notice to the Cap Contract as described in Section 4.04(j) and Trustee at its Corporate Trust Office. The Trustee's responsibility for disbursing the amount thereof to be paid above information to the Offered Certificates as described in Section 4.04(j) hereofCertificateholders for each Certificate Group is limited to the availability, timeliness and accuracy of the information derived from the Servicers. The foregoing information shall be reported to the Trustee each month on or before the related Determination Date. (b) The Servicer shall deliver to the NIM Insurer a copy of any report delivered by the Servicer to the Trustee. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in in, clauses (a)(i), (a)(ii) and (a)(iia)(vii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such Distribution Date[reserved]; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average mortgage rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period and the general source of funds for such reimbursements; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) the Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) the Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxviii) all Late Payment Fees assessable and not waived pursuant to Section 3.21(a); (xxix) all Prepayment Charges collected and amounts payable by the Servicer for the waiver of such amounts; (xxx) the aggregate Stated Principal Balance of all the Mortgage Loans that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off DateDate (in each case immediately prior to the Stated Principal Balance being reduced to zero); (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xxxxxi) [RESERVEDreserved]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxiixxxii) [RESERVEDreserved]; (xxiii) [RESERVED]; (xxivxxxiii) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxiv) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee’s responsibility for disbursing the above information to Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By the Reporting Date the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any other information on which the Servicer and the Trustee mutually agree. On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee. (c) form set forth as Schedule V. Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(vii) and (a)(iia)(viii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Ar17)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included Mortgage Loans in each Loan Group and in the distribution on such Distribution Dateaggregate and the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses the weighted average mortgage rate of the Mortgage Loans in each Loan Group and in the aggregate, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, maturity of the Mortgage Loans in each Loan Group and in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and in the aggregate repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxvii) Hard Prepayment Charges and Soft Prepayment Charges collected, waived, and paid by the Servicer; (xxviii) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxix) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxx) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Determination Date the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any other information on which the Servicer and the Trustee mutually agree. On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee. (c) form set forth as Schedule V. Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(vii) and (a)(iia)(viii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDA Mortgage Loan Trust 2006-Ar3)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https:// tss.sfs.db.com/investpublic to each Holder of a Class of Certificates of the Xxxxx Xxxxeaxx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Xervicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included Mortgage Loans in each Loan Group and in the distribution on such Distribution Dateaggregate and the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses the weighted average Mortgage Rate of the Mortgage Loans in each Loan Group and in the aggregate, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, maturity of the Mortgage Loans in each Loan Group and in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and , (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more daysdays and (C) that were the subject of a Loan Modification during the preceding 12-month period, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Determination Date and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and in the aggregate repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) [reserved]; (xxvii) Amounts due and received under the Swap Contract for the Distribution Date; (xxviii) Hard Prepayment Charges, Soft Prepayment Charges and Late Payment Fees collected, waived, and paid by the Servicer; (xxix) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxx) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxi) as the Stated Principal Balance of each Distribution Date, any Substitute Mortgage Loan provided by the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) Seller and the amount thereof to be paid to the Offered Certificates as described Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 4.04(j) hereof2.03. (b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. (c) By the Reporting Date, the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any other information on which the Servicer and the Trustee mutually agree. (d) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (ce) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(vii) and (a)(iia)(viii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDA Mortgage Loan Trust 2007-Ar8)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeacx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Xxrvicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount for each Class of additional servicing compensation received by the Offered CertificatesServicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included Mortgage Loans in each Loan Group and in the distribution on such Distribution Dateaggregate and the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses the weighted average mortgage rate of the Mortgage Loans in each Loan Group and in the aggregate, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, maturity of the Mortgage Loans in each Loan Group and in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Determination Date and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and in the aggregate repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxvii) Hard Prepayment Charges and Soft Prepayment Charges collected, waived, and paid by the Servicer; (xxviii) Late Payment Fees collected or waived by the Servicer; (xxix) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxx) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxi) as the Stated Principal Balance of each Distribution any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By the Reporting Date, the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid Trustee mutually agree. On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the Offered Certificates as described in Section 4.04(j) hereof. (b) The related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee. (c) form set forth as Schedule V. Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ivii) and (a)(iiviii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.77

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Ar19)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the Master Servicer or Servicer, as applicable, the Trustee Securities Administrator shall prepare and make available on its website located at www.jpmorgan.com/sfr www.ctslink.com to each Holder of a Class of Certificates of the Xxxxx Trxxx Xxxx, xxx XxxvicerXaster Servicer, the NIM InsurerTrustee, the Servicer, the Rating Agencies and the Depositor a statement setting forth for the each $1,000 principal amount of Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carry Forward Carryforward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such Distribution Date; (vi) the related amount of the Securities Administrator Fee and Servicing Fee paid to or retained by the Servicer and Securities Administrator or the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodServicer; (vii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 -90- or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate; (xiii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate; (xivxiii) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xiv) whether a Trigger Event has occurred; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Carryforward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Carryforward Amount paid for each such Class and any remaining Interest Carry Forward Carryforward Amount for each such Class; (xviixvi) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviiixvii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xixxviii) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xxxix) [RESERVED]; (xxixx) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv3.08(a)(v);; and (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxi) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofInterest. (b) The Servicer shall deliver to the NIM Insurer a copy of any report delivered by the Servicer to the Trustee.[RESERVED] (c) Within If so requested in writing or as required by applicable law, within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall make available on its website or cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a CertificateholderCertificateholder of record, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Securities Administrator pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Trustee Securities Administrator shall furnish to the Holders of the Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond -91- promptly to written requests made not more frequently than quarterly by any Holder of Class R 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; (iii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iiiii) The Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iviii) 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 or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (viv) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (viv) The amount and timing of any non-interest expenses of the REMICs; and (viivi) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.128.11.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Asst Back Certs Ser 2003-5sl)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr hxxxx://xxx.xxx.xx.xxx/xxxx to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses in each Loan Group and Aggregate Loan Group incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included Mortgage Loans in each Loan Group and Aggregate Loan Group and the distribution on such Distribution Dateaggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and Aggregate Loan Group as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses the weighted average mortgage rate of the Mortgage Loans in each Loan Group and Aggregate Loan Group, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, maturity of the Mortgage Loans in the aggregateeach Loan Group and Aggregate Loan Group; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and Aggregate Loan Group repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount for the applicable Aggregate Loan Group, in each case as of the related Determination Date; (xxvii) Hard Prepayment Charges and Soft Prepayment Charges collected, waived, and paid by the Servicer; (xxviii) Late Payment Fees collected or waived by the Servicer; (xxix) the aggregate Stated Principal Balance of all the Mortgage Loans in each Loan Group and Aggregate Loan Group that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxx) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxi) as the Stated Principal Balance of each Distribution any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By the Reporting Date, the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid Trustee mutually agree. The Servicer shall make available to the Offered Certificates as described Rating Agencies on its website at hxxx://xxxxxx.xxxxxxxxxxx.xxx/XxxxXX/investor/login monthly loan-level information. Such data at a minimum shall contain the fields referenced in Section 4.04(j) hereof. Schedule V. On or before the fifth Business Day following the end of each Prepayment Period (b) The but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee. (c) form set forth as Schedule V. Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(vii) and (a)(iia)(viii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDA Mortgage Loan Trust 2007-Ar7)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/investpublic to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses in each Loan Group and Aggregate Loan Group incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included Mortgage Loans in each Loan Group and Aggregate Loan Group and the distribution on such Distribution Dateaggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and Aggregate Loan Group as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses the weighted average Mortgage Rate of the Mortgage Loans in each Loan Group and Aggregate Loan Group, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, maturity of the Mortgage Loans in the aggregateeach Loan Group and Aggregate Loan Group; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and Aggregate Loan Group as of the end of the preceding calendar month: (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and , (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and (C) that were subject of a Loan Modification during the preceding 12-month period, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) Delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and Aggregate Loan Group repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) the Special Hazard Loss Coverage Amount and the Bankruptcy Loss Coverage Amount for the applicable Aggregate Loan Group, in each case as of the related Determination Date; (xxvii) Hard Prepayment Charges and Soft Prepayment Charges collected, waived, and paid by the Servicer; (xxviii) Late Payment Fees collected or waived by the Servicer; (xxix) the aggregate Stated Principal Balance of all the Mortgage Loans in each Loan Group and Aggregate Loan Group that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxx) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxi) as the Stated Principal Balance of each Distribution Date, any Substitute Mortgage Loan provided by the amount, if any, to be deposited Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the Cap Contract Account pursuant above information to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid Certificateholders is limited to the Offered Certificates as described in Section 4.04(j) hereofavailability, timeliness and accuracy of the information derived from the Servicer. (b) By the Reporting Date, the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any other information on which the Servicer and the Trustee mutually agree. The Servicer shall make available to the Rating Agencies on its website at xxxx://xxxxxx.xxxxxxxxxxx.xxx/BondIR/investor/login monthly loan-level information. Such data at a minimum shall contain the fields referenced in Schedule V. On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(vii) and (a)(iia)(viii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Ar21ip)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr cause to be forwarded by first class mail to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Master Servicer and the Depositor a statement setting forth for with respect to the Certificatesrelated distribution: (i) the amount of the related distribution to Holders of each Class thereof allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if any; (ii) the amount of such distribution to Holders of each Class thereof allocable to interest, together with any Non-Supported Interest Shortfalls allocated Carryover Amount for any Class included in such distribution and any remaining Interest Carryover Amount for any Class after giving effect to each Classsuch distribution; (iii) any Interest Carry Forward Amount for each if the distribution to the Holders of such Class of Certificates is less than the Offered Certificatesfull 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 Class Certificate Principal Balance of each Class of Certificates after giving effect (i) to all distributions allocable to the distribution of principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for with respect to such Distribution Date; (vi) the related Extra Principal Distribution Amount, the Overcollateralization Amount and any Overcollateralization Deficiency; (vii) the amount of the Master Servicing Fee Fees paid to or retained by the Master Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due Periodwith respect to such Distribution Date; (viiviii) the Pass-Through Rate for each such Class of Certificates for with respect to such Distribution Date; (viiiix) 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; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 days, 59 days (2) 61 60 to 90 89 days and (3) 91 90 or more days, days and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month Determination Date preceding such Distribution Date and the date of acquisition thereof, in the aggregate; (xiiixii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of the calendar month Determination Date preceding such Distribution Date, in ; (xiii) the aggregate;aggregate amount of Applied Realized Loss Amounts for such Distribution Date; and (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) existence of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrigger Event. (b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer. The Trustee will send a copy of each statement provided pursuant to this Section 4.04 to each Rating Agency. (c) On or before each Determination Date, the Master Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trusteeform set forth as Schedule V hereto. (cd) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and 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)(iia)(vii) of this Section 4.05 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as from time to time in effect. (de) Upon filing with the Internal Revenue ServiceIn addition, the Trustee shall furnish to the Holders forward a copy of the Class R Certificate and statement required by this Section 4.04 by overnight courier or facsimile transmission (as instructed by the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R Certificate with respect to the following matters: (iDepositor) The original projected principal and interest cash flows on the Closing Date on each Class of regular and residual interests created hereunder and on Distribution Date to certain secondary market agents designated from time to time by 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxesDepositor. The initial secondary market agents designated by the Depositor are TREPP, 477 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000, xxcsimile number (212) 000-0000, Xxe Bloomberg Financial Markets, 100 Xxxxxxxx Xxxx Xxxxx, X.X. Xxx 000, Xxxxxxxxx, XX 00000-0000, xxcsimile number (609) 000-0000, xxd CMO Passport. The Trustee shall deliver to Bloomberg Financial Markets, 100 Xxxxxxxx Xxxx Xxxxx, X.X. Xxx 000, Xxxxxxxxx, Xxx Xxxxxx 00000-0000, xxd such other secondary market facilitators designated by the Depositor on each Distribution Date a computer-readable Magnetic Tape, or other mutually agreed upon electronic media, containing the information pursuant to clauses (i), (ii), (iii) and (iv) above shall be also set forth in Schedule V hereto as provided by the Depositor pursuant Master Servicer to Section 8.12.the Trustee. 47 52

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Mellon Residential Funding Corp)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeacx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Xxrvicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses in each Loan Group and Aggregate Loan Group incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included Mortgage Loans in each Loan Group and Aggregate Loan Group and the distribution on such Distribution Dateaggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and Aggregate Loan Group as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses the weighted average mortgage rate of the Mortgage Loans in each Loan Group and Aggregate Loan Group, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, maturity of the Mortgage Loans in the aggregateeach Loan Group and Aggregate Loan Group; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and Aggregate Loan Group repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount for the applicable Aggregate Loan Group, in each case as of the related Determination Date; (xxvii) Hard Prepayment Charges and Soft Prepayment Charges collected, waived, and paid by the Servicer; (xxviii) the aggregate Stated Principal Balance of all the Mortgage Loans in each Loan Group and Aggregate Loan Group that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxix) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxx) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Determination Date the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any other information on which the Servicer and the Trustee mutually agree. On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee. (c) form set forth as Schedule V. Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(vii) and (a)(iia)(viii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar33)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeacx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Xxrvicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount for each Class of additional servicing compensation received by the Offered CertificatesServicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included Mortgage Loans in each Loan Group and in the distribution on such Distribution Dateaggregate and the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses the weighted average mortgage rate of the Mortgage Loans in each Loan Group and in the aggregate, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, maturity of the Mortgage Loans in each Loan Group and in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and in the aggregate repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxvii) Hard Prepayment Charges and Soft Prepayment Charges collected, waived, and paid by the Servicer; (xxviii) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxix) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxx) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Determination Date the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any other information on which the Servicer and the Trustee mutually agree. On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee. (c) form set forth as Schedule V. Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(vii) and (a)(iia)(viii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDA Mortgage Loan Trust 2007-Ar1)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx XxxxXxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Xxxvicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date Servicing Fee and (ii) the allocation of any Applied Realized Loss Amounts Trustee Fee for such Distribution Date; (iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (v) the Pool Stated amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Balance for Prepayments and Liquidation Proceeds included therein; (vi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (vii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (viii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (viix) the related amount Class Certificate Balance of each Class of Certificates before and after giving effect to the Servicing Fee paid to or retained by distribution of principal on the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodDistribution Date; (viix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such the Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xii) as of the last day of the related Due Period: (A) Delinquent the weighted average mortgage rate of the Mortgage Loans, and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xiii) the number and aggregate outstanding balance of the Mortgage Loans as of the end of the preceding calendar month: (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixiv) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixvi) the total number and principal balance of any REO Properties as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such ClassPrincipal Prepayments; (xviii) the number aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and Stated Principal Balance (the aggregate amount of Advances outstanding as of the preceding Distribution Date) close of any Mortgage Loans which were purchased or repurchased during business on the preceding Due Period and since the Cut-off Determination Date; (xix) the number aggregate amount of Mortgage Loans for which prepayment penalties were received Servicing Advances reimbursed during the related Prepayment Period and, for each such Mortgage LoanDue Period, the general source of funds for such reimbursements and the aggregate amount of prepayment penalties received during Servicing Advances outstanding as of the related Prepayment Period and in close of business on the aggregate of such amounts for all such Mortgage Loans since the Cut-off Determination Date; (xx) [RESERVED]the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxi) the amount Deferred Interest, Net Deferred Interest and purpose Net Rate Carryover for each Class of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv)Certificates; (xxii) [RESERVED];Amounts due and received under the Swap Contract and the Corridor Contract for the Distribution Date; and (xxiii) [RESERVED]; (xxiv) Prepayment Charges and Late Payment Fees collected, waived, and paid by the amount Servicer. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By the Reporting Date the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" other information on which the Servicer and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trusteeform set forth as Schedule IV. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Flx6)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies and the Depositor a statement setting forth Servicer xxx xxx Xxxxxxxxx x xxxxxxent for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date Servicing Fee and (ii) the allocation of any Applied Realized Loss Amounts Trustee Fee for such Distribution Date; (iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (v) the Pool Stated amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Balance for Prepayments and Liquidation Proceeds included therein; (vi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (vii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (viii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (viix) the related amount Class Certificate Balance of each Class of Certificates before and after giving effect to the Servicing Fee paid to or retained by distribution of principal on the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodDistribution Date; (viix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such the Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xii) as of the last day of the related Due Period: (A) Delinquent the weighted average mortgage rate of the Mortgage Loans, and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xiii) the number and aggregate outstanding balance of the Mortgage Loans as of the end of the preceding calendar month: (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixiv) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixvi) the total number and principal balance of any REO Properties as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such ClassPrincipal Prepayments; (xviii) the number aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and Stated Principal Balance (the aggregate amount of Advances outstanding as of the preceding Distribution Date) close of any Mortgage Loans which were purchased or repurchased during business on the preceding Due Period and since the Cut-off Determination Date; (xix) the number aggregate amount of Mortgage Loans for which prepayment penalties were received Servicing Advances reimbursed during the related Prepayment Period and, for each such Mortgage LoanDue Period, the general source of funds for such reimbursements and the aggregate amount of prepayment penalties received during Servicing Advances outstanding as of the related Prepayment Period and in close of business on the aggregate of such amounts for all such Mortgage Loans since the Cut-off Determination Date; (xx) [RESERVED]the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxi) the amount Deferred Interest, Net Deferred Interest and purpose Net Rate Carryover for each Class of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv)Certificates; (xxii) [RESERVED]Amounts due and received under the Swap Contract for the Distribution Date; (xxiii) [RESERVED];with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delayed Delivery Mortgage Loans; and (xxiv) Prepayment Charges and Late Payment Fees collected, waived, and paid by the amount Servicer. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Determination Date the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" other information on which the Servicer and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trusteeform set forth as Schedule IV. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Flx3)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies and the Depositor a statement setting forth Servicex xxx xxx Xxxxxxxxx x xxxxxment for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts Servicing Fee for such Distribution Date; (iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (v) the Pool Stated amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Balance for Prepayments and Liquidation Proceeds included therein; (vi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (vii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (viii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (viix) the related amount Class Certificate Balance of each Class of Certificates before and after giving effect to the Servicing Fee paid to or retained by distribution of principal on the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodDistribution Date; (viix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such the Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (Axii) Delinquent as of the last day of the related Due Period: o the weighted average mortgage rate of the Mortgage Loans, and o the weighted average remaining term to maturity of the Mortgage Loans; (xiii) the number and aggregate outstanding balance of the Mortgage Loans as of the end of the preceding calendar month: o delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, days and (B) o in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixiv) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixvi) the total number and principal balance of any REO Properties as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such ClassPrincipal Prepayments; (xviii) the number aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and Stated Principal Balance (the aggregate amount of Advances outstanding as of the preceding close of business on the Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number aggregate amount of Mortgage Loans for which prepayment penalties were received Servicing Advances reimbursed during the related Prepayment Period and, for each such Mortgage LoanDue Period, the general source of funds for such reimbursements and the aggregate amount of prepayment penalties received during Servicing Advances outstanding as of the related Prepayment Period and in close of business on the aggregate of such amounts for all such Mortgage Loans since the Cut-off Distribution Date; (xx) [RESERVED]the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv)[reserved]; (xxii) [RESERVEDreserved]; (xxiii) [RESERVEDreserved]; (xxiv) with respect to the amount second Distribution Date, the number and aggregate balance of any payments to each Class Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"Delayed Delivery Mortgage Loans; and (xxv) as Prepayment Charges collected, waived, and paid by the Servicer. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Distribution Date, Determination Date the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trusteeform set forth as Schedule IV. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar39)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeaxx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date Servicing Fee and (ii) the allocation of any Applied Realized Loss Amounts Trustee Fee for such Distribution Date; (iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (v) the Pool Stated amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Balance for Prepayments and Liquidation Proceeds included therein; (vi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (vii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (viii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (viix) the related amount Class Certificate Balance of each Class of Certificates before and after giving effect to the Servicing Fee paid to or retained by distribution of principal on the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodDistribution Date; (viix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such the Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (Axii) Delinquent as of the last day of the related Due Period: the weighted average mortgage rate of the Mortgage Loans, and the weighted average remaining term to maturity of the Mortgage Loans; (xiii) the number and aggregate outstanding balance of the Mortgage Loans in each Loan Group as of the end of the preceding calendar month: delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixiv) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixvi) the total number and principal balance of any REO Properties as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such ClassPrincipal Prepayments; (xviii) the number aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and Stated Principal Balance (the aggregate amount of Advances outstanding as of the preceding close of business on the Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number aggregate amount of Mortgage Loans for which prepayment penalties were received Servicing Advances reimbursed during the related Prepayment Period and, for each such Mortgage LoanDue Period, the general source of funds for such reimbursements and the aggregate amount of prepayment penalties received during Servicing Advances outstanding as of the related Prepayment Period and in close of business on the aggregate of such amounts for all such Mortgage Loans since the Cut-off Distribution Date; (xx) [RESERVED]the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv)[reserved]; (xxii) [RESERVEDreserved]; (xxiii) [RESERVEDreserved]; (xxiv) with respect to the amount second Distribution Date, the number and aggregate balance of any payments to each Class Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"Delayed Delivery Mortgage Loans; and (xxv) as Prepayment Charges collected, waived, and paid by the Servicer. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Distribution Date, Determination Date the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trusteeform set forth as Schedule IV. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar27)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeacx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Xxrvicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date Servicing Fee and (ii) the allocation of any Applied Realized Loss Amounts Trustee Fee for such Distribution Date; (iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (v) the Pool Stated amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Balance for Prepayments and Liquidation Proceeds included therein; (vi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (vii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (viii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (viix) the related amount Class Certificate Balance of each Class of Certificates before and after giving effect to the Servicing Fee paid to or retained by distribution of principal on the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodDistribution Date; (viix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such the Distribution Date, in the aggregate; ; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate; (xiii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during and the Pool Stated Principal Balance as the first day of the related Prepayment Due Period and, for each such Mortgage Loan, and the amount last day of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off DateDue Period; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer a copy of any report delivered by the Servicer to the Trustee. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar35)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/investpublic to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such Distribution Date[reserved]; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average Mortgage Rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and , (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more daysdays and (C) that were the subject of a Loan Modification during the preceding 12month period, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each Mortgage Loan that has been the subject of a Loan Modification since the Closing Date, the modified Mortgage Rate and the Mortgage Rate as in effect at the Cut-off Date; (xviii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) Delinquent sixty (60) days or more on the Due Date in each such month; (xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixx) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxxi) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxii) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxiv) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxvi) the Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvii) the Senior Percentage and Subordinated Percentage for the Distribution Date; (xxviii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Dates; (xxix) Hard Prepayment Charges, Soft Prepayment Charges and Late Payment Fees collected or waived by the Servicer; (xxx) the aggregate Stated Principal Balance of all the Mortgage Loans that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off DateDate (in each case immediately prior to the Stated Principal Balance being reduced to zero); (xixxxxi) [reserved]; (xxxii) the Stated Principal Balance of any Mortgage Loan that has been repurchased by the Servicer in accordance with Section 2.02, 2.03 or 3.12; (xxxiii) the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03; and (xxxiv) the percentage (by Stated Principal Balance) and number of Mortgage Loans for which prepayment penalties were received subject to a Loan Modification during the related Prepayment Period andprior month by modification type (interest rate, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period balloon extension and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(ivballoon reset modifications); (xxiixxxv) [RESERVED]the percentage (by Stated Principal Balance) and number of Mortgage Loans subject to a Loan Modification (x) since the Closing Date and (y) during the preceding 12-month period, in each case by modification type (interest rate, balloon extension and balloon reset modifications); (xxiiixxxvi) [RESERVED]the percentage (by Stated Principal Balance) of Mortgage Loans subject to a Loan Modification for which the Mortgagor has made its cumulative Scheduled Payments for the 12-month period immediately following the date of the modification; (xxivxxxvii) the amount number and aggregate outstanding Stated Principal Balance of any payments the Mortgage Loans subject to each Class a Loan Modification since the Closing Date as of Certificates that are treated as payments received the end of the preceding calendar month: (A) Delinquent (exclusive of Mortgage Loans in respect of a REMIC Regular Interest foreclosure) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 days or REMIC "residual interest" more, (B) in foreclosure and the amount of any payments Delinquent (1) 30 to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest 59 days, (2) 60 to 89 days and (3) 90 or REMIC "residual interest"more days, and (C) current; and (xxvxxxviii) as the aggregate amount of each Distribution Capitalized Advances reimbursed to the Servicer (x) since the Closing Date and (y) in the prior month. The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By the Reporting Date, the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid Trustee mutually agree. The Servicer shall make available to the Offered Certificates as described Rating Agencies on its website at xxxx://xxxxxx.xxxxxxxxxxx.xxx/BondIR/investor/login monthly loan level information. Such data at a minimum shall contain the fields referenced in Section 4.04(j) hereof.Schedule V. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac IMJA Mortgage Loan Trust 2007-A4)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeaxx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such Distribution Date[reserved]; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average mortgage rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period and the general source of funds for such reimbursements; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) the Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) the Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxviii) all Late Payment Fees assessable and not waived pursuant to Section 3.12(a); (xxix) Prepayment Charges collected, and amounts payable by the Servicer for the waiver of such amounts; (xxx) the aggregate Stated Principal Balance of all the Mortgage Loans that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off DateDate (in each case immediately prior to the Stated Principal Balance being reduced to zero); (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xxxxxi) [RESERVEDreserved]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxiixxxii) [RESERVEDreserved]; (xxiii) [RESERVED]; (xxivxxxiii) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxiv) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Determination Date the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any other information on which the Servicer and the Trustee mutually agree. On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee. (c) form set forth as Schedule V. Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(vii) and (a)(iia)(viii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDA Mortgage Loan Trust 2007-Ar2)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeaxx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date Servicing Fee and (ii) the allocation of any Applied Realized Loss Amounts Trustee Fee for such Distribution Date; (iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (v) the Pool Stated amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Balance for Prepayments and Liquidation Proceeds included therein; (vi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (vii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (viii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (viix) the related amount Class Certificate Balance of each Class of Certificates before and after giving effect to the Servicing Fee paid to or retained by distribution of principal on the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodDistribution Date; (viix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such the Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xii) as of the last day of the related Due Period: (A) Delinquent the weighted average mortgage rate of the Mortgage Loans, and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xiii) the number and aggregate outstanding balance of the Mortgage Loans in each Loan Group as of the end of the preceding calendar month: (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixiv) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixvi) the total number and principal balance of any REO Properties as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the aggregate amount of prepayment penalties Principal Prepayments received during the related Prepayment Period and in the aggregate number of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer a copy of any report delivered by the Servicer to the Trustee. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs with respect subject to such regular interests or bad debt deductions claimed with respect to the Mortgage LoansPrincipal Prepayments; (vi) The amount and timing of any non-interest expenses of the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar7)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date Servicing Fee and (ii) the allocation of any Applied Realized Loss Amounts Trustee Fee for such Distribution Date; (iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (v) the Pool Stated amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Balance for Prepayments and Liquidation Proceeds included therein; (vi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (vii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (viii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (viix) the related amount Class Certificate Balance of each Class of Certificates before and after giving effect to the Servicing Fee paid to or retained by distribution of principal on the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodDistribution Date; (viix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such the Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xii) as of the last day of the related Due Period: (A) Delinquent the weighted average mortgage rate of the Mortgage Loans, and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xiii) the number and aggregate outstanding balance of the Mortgage Loans as of the end of the preceding calendar month: (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixiv) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixvi) the total number and principal balance of any REO Properties as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such ClassPrincipal Prepayments; (xviii) the number aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and Stated Principal Balance (the aggregate amount of Advances outstanding as of the preceding Distribution Date) close of any Mortgage Loans which were purchased or repurchased during business on the preceding Due Period and since the Cut-off Determination Date; (xix) the number aggregate amount of Mortgage Loans for which prepayment penalties were received Servicing Advances reimbursed during the related Prepayment Period and, for each such Mortgage LoanDue Period, the general source of funds for such reimbursements and the aggregate amount of prepayment penalties received during Servicing Advances outstanding as of the related Prepayment Period and in close of business on the aggregate of such amounts for all such Mortgage Loans since the Cut-off Determination Date; (xx) [RESERVED]the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxi) the amount Deferred Interest, Net Deferred Interest and purpose Net Rate Carryover for each Class of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv)Certificates; (xxii) [RESERVED]Amounts due and received under the Swap Contract for the Distribution Date; (xxiii) [RESERVED];with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delayed Delivery Mortgage Loans; and (xxiv) Prepayment Charges and Late Payment Fees collected, waived, and paid by the amount Servicer. The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By the Reporting Date the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" other information on which the Servicer and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trusteeform set forth as Schedule IV. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Flx4)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx XxxxXxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Xxxvicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, Supplemental Interest Reserve Fund and Carryover Reserve Fund, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such LIBOR rate applicable for that Distribution Date; (ixxiv) the cumulative amount number of Mortgage Loans in each Loan Group and in the aggregate and the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses the weighted average mortgage rate of the Mortgage Loans in each Loan Group and in the aggregate, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, maturity of the Mortgage Loans in each Loan Group and in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the related Aggregate Loan Group as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loan not delivered within the time periods specified in the definition of Delayed Delivery Mortgage Loans; (xix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixx) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxxi) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxii) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxiv) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and in the aggregate repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxvi) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvii) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxviii) 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; (xxix) Hard Prepayment Charges and Soft Prepayment Charges collected, waived, and paid by the Servicer; (xxx) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxxi) the amount of any payments made by the Cap Counterparty to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the Trust Fund under the Corridor Contract; (xxxii) the amount of any payments to each Class Net WAC Carryover Amounts from the Carryover Reserve Fund; (xxxiii) the Stated Principal Balance of Certificates any Mortgage Loan that are not treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest"3.12; and (xxvxxxiv) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. By each Distribution Date, Determination Date the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(vii) and (a)(iia)(viii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar19)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxx.xxxxxxxx.xxx to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerIssuing Entity, the NIM InsurerServicer, the Trustee, the Rating Agencies Agencies, the Depositor, the Cap Contract Counterparty and the Depositor Swap Counterparty a statement setting forth for the CertificatesCertificates the following information; provided, however, that with respect to any calendar year during which an annual report on Form 10-K is not required to be filed with the Commission on behalf of the Issuing Entity, the information set forth in Items (xxiv) through (xxxii) below are not required to be included in such statement during any calendar year: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penaltiesPrepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carry Forward interest Carryforward Amount for each Class of the Offered Class A, Class M and Class B Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such Distribution Date; (vi) the related amount of the Servicing Fee paid to or retained by the Servicer and any amounts constituting reimbursement or indemnification of the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodServicer or Trustee; (vii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution DateDate or reimbursed during the period; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans in accordance with the OTS methodology for reporting delinquencies; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereofDate, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiv) the aggregate Stated Principal Balance of all loans that became Liquidated Loans as of such Distribution Date calculated as of the preceding Distribution Date, in the aggregate; aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer a copy of any report delivered by the Servicer to the Trustee. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-3)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr hxxxx://xxx.xxx.xx.xxx/xxxxxxxxxxxx to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included Mortgage Loans in each Loan Group and in the distribution on such Distribution Dateaggregate and the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses the weighted average Mortgage Rate of the Mortgage Loans in each Loan Group and in the aggregate, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, maturity of the Mortgage Loans in each Loan Group and in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate as of the end of the preceding calendar month: (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and , (B) in foreclosure and Delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more daysdays and (C) that were the subject of a Loan Modification during the preceding 12-month period, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each Mortgage Loan that has been the subject of a Loan Modification since the Closing Date, (A) the modified Mortgage Rate and the Mortgage Rate as in effect at the Cut-off Date; (xvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) Delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Determination Date and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and in the aggregate repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) [reserved]; (xxviii) Amounts due and received under the Swap Contract for the Distribution Date; (xxix) Hard Prepayment Charges, Soft Prepayment Charges and Late Payment Fees collected, waived, and paid by the Servicer; (xxx) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off DateDate (in each case immediately prior to the Stated Principal Balance being reduced to zero); (xixxxxi) the Stated Principal Balance of any Mortgage Loan that has been repurchased by the Servicer in accordance with Section 2.02, 2.03 or 3.12; and (xxxii) the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. (xxxiii) the percentage (by Stated Principal Balance) and number of Mortgage Loans (in each Loan Group and in the aggregate) subject to a Loan Modification during the prior month, both in the aggregate and by modification type (interest-rate, conversion from an adjustable rate to a fixed rate, balloon extension or balloon reset modifications); (xxxiv) the percentage (by Stated Principal Balance) and number of Mortgage Loans (in each Loan Group and in the aggregate) subject to a Loan Modification (x) since the Closing Date and (y) during the preceding 12-month period, in each case in both the aggregate and by modification type (interest-rate, conversion from an adjustable rate to a fixed rate, balloon extension or balloon reset modifications); (xxxv) the percentage (by Stated Principal Balance) of Mortgage Loans (in each Loan Group and in the aggregate) subject to a Loan Modification for which prepayment penalties were received during the related Prepayment Period and, Mortgagor has made its cumulative Scheduled Payments for the 12-month period immediately following the date of the modification; (xxxvi) the number and aggregate outstanding Stated Principal Balance of the Mortgage Loans subject to a Loan Modification since the Closing Date in each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period Loan Group and in the aggregate as of such amounts for all such Mortgage Loans since the Cut-off Dateend of the preceding calendar month; (xxA) [RESERVED];Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (xxiB) the amount in foreclosure and purpose of any withdrawal from the Collection Account pursuant Delinquent (1) 30 to Section 3.08(a)(iv);59 days, (2) 60 to 89 days and (3) 90 or more days, and (xxiiC) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"current; and (xxvxxxvii) as the aggregate amount of each Distribution Date, Capitalized Advances reimbursed to the amount, if any, to be deposited Servicer (x) since the Closing Date and (y) in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofprior month. (b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. (c) By the Reporting Date, the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any other information on which the Servicer and the Trustee mutually agree. The Servicer shall make available to the Rating Agencies on its website at http:///bxxxxx.xxxxxxx.xxx/XxxxXX/xxxxxxxx/xxxxx monthly loan level information. Such data at a minimum shall contain the fields referenced in Schedule V. (d) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (ce) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(vii) and (a)(iia)(viii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDA Mortgage Loan Trust 2007-Ar9)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeaxx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date Servicing Fee and (ii) the allocation of any Applied Realized Loss Amounts Trustee Fee for such Distribution Date; (iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (v) the Pool Stated amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Balance for Prepayments and Liquidation Proceeds included therein; (vi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (vii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (viii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (viix) the related amount Class Certificate Balance of each Class of Certificates before and after giving effect to the Servicing Fee paid to or retained by distribution of principal on the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodDistribution Date; (viix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such the Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xii) as of the last day of the related Due Period: (A) Delinquent the weighted average mortgage rate of the Mortgage Loans, and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xiii) the number and aggregate outstanding balance of the Mortgage Loans as of the end of the preceding calendar month: (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixiv) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate; (xiiixvi) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such ClassPrincipal Prepayments; (xviii) the number aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and Stated Principal Balance (the aggregate amount of Advances outstanding as of the preceding close of business on the Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number aggregate amount of Mortgage Loans for which prepayment penalties were received Servicing Advances reimbursed during the related Prepayment Period and, for each such Mortgage LoanDue Period, the general source of funds for such reimbursements and the aggregate amount of prepayment penalties received during Servicing Advances outstanding as of the related Prepayment Period and in close of business on the aggregate of such amounts for all such Mortgage Loans since the Cut-off Distribution Date; (xx) [RESERVED]the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxi) the amount Senior Prepayment Percentage and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv)Subordinated Prepayment Percentage for such Distribution Date; (xxii) [RESERVED]the Senior Percentage and Subordinated Percentage for such Distribution Date; (xxiii) [RESERVED]the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxiv) with respect to the amount second Distribution Date, the number and aggregate balance of any payments to each Class Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"Delayed Delivery Mortgage Loans; and (xxv) as of Prepayment Charges collected, waived, and paid by the Servicer. By each Distribution Date, Determination Date the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A3cb)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr to each Holder of a Class of Certificates of the Xxxxx Xxxxhttps://www.corporatetrust.db.com/xxxx xx xxxx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Xxster Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of the following for each Certificate Group: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if any; (ii) the amount of such the distribution to Holders of each Class allocable to interest, together with any Non-Supported Unpaid Interest Shortfalls allocated Shortfall Amounts included in the distribution and any remaining Unpaid Interest Shortfall Amounts after giving effect to each Classthe distribution; (iii) if the distribution to the Holders of any Interest Carry Forward Amount for each Class of Certificates is less than the Offered Certificatesfull amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (iv) the Class Certificate Principal Balance or Notional Amount of each Class of Certificates after giving effect (i) to all distributions allocable to the distribution of principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such the following Distribution Date; (vi) the related Senior Percentage and the Subordinated Percentage for the following Distribution Date; (vii) the amount of the Servicing Fee Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amount amounts of investment income earned on funds on deposit in any additional servicing compensation received by the Certificate Account for Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the related Due PeriodDistribution Date; (viiviii) the Pass-Through Rate for each Class of Certificates for such as of the day before the preceding Distribution Date; (viiiix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date. (x) the amount of Advances included in the distribution on such the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans in each Loan Group (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days, (2) 31 to 60 days, (23) 61 to 90 days days, and (34) 91 or more days, days and (B) in foreclosure and Delinquent delinquent (1) 1 to 30 days, (2) 31 to 60 days, (23) 61 to 90 days days, and (34) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xii) with respect to the related Loan Group and for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on each of the Due Dates in each such month and (B) delinquent 60 days or more on each of the Due Dates in each such month; (xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate; (xiiixiv) with respect to the related Loan Group, the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effectthe Senior Prepayment Percentage for such Distribution Date; (xvi) with respect to each Class the related Loan Group, the aggregate amount of CertificatesRealized Losses incurred and Subsequent Recoveries, any Interest Carry Forward Amount with respect to if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such ClassDate; (xvii) with respect to the related Loan Group, the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class;case as of the related Determination Date; and (xviii) with respect to the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each second Distribution Date, the amountnumber and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, if any, timeliness and accuracy of the information derived from the Master Servicer. By each Determination Date the Master Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Master Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and 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)(iia)(vii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2004 A2)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeacx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Xxrvicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance (including Component Balances) or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included in Mortgage Loans and the distribution on such Distribution Dateaggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses and the weighted average mortgage rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day Determination Date preceding the Distribution Date; (xix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the calendar month preceding close of business on the Determination Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxvii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the aggregatedefinition of Delayed Delivery Mortgage Loans; (xivxxviii) Prepayment Charges collected or waived by the Servicer; (xxix) Late Payment Fees collected or waived by the Servicer; (xxx) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxxi) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxii) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Distribution Date, Determination Date the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2007-A6)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeaxx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date Servicing Fee and (ii) the allocation of any Applied Realized Loss Amounts Trustee Fee for such Distribution Date; (iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (v) the Pool Stated amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Balance for Prepayments and Liquidation Proceeds included therein; (vi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (vii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (viii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (viix) the related amount Class Certificate Balance of each Class of Certificates before and after giving effect to the Servicing Fee paid to or retained by distribution of principal on the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodDistribution Date; (viix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such the Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xii) as of the last day of the related Due Period: (A) Delinquent the weighted average mortgage rate of the Mortgage Loans, and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xiii) the number and aggregate outstanding balance of the Mortgage Loans in each Loan Group as of the end of the preceding calendar month: (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixiv) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixvi) the total number and principal balance of any REO Properties as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such ClassPrincipal Prepayments; (xviii) the number aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and Stated Principal Balance (the aggregate amount of Advances outstanding as of the preceding close of business on the Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number aggregate amount of Mortgage Loans for which prepayment penalties were received Servicing Advances reimbursed during the related Prepayment Period and, for each such Mortgage LoanDue Period, the general source of funds for such reimbursements and the aggregate amount of prepayment penalties received during Servicing Advances outstanding as of the related Prepayment Period and in close of business on the aggregate of such amounts for all such Mortgage Loans since the Cut-off Distribution Date; (xx) [RESERVED]the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxi) the amount each Senior Prepayment Percentage and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv)Subordinated Prepayment Percentage for such Distribution Date; (xxii) [RESERVED]each Senior Percentage and Subordinated Percentage for such Distribution Date; (xxiii) [RESERVED]the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxiv) with respect to the amount second Distribution Date, the number and aggregate balance of any payments to each Class Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"Delayed Delivery Mortgage Loans; and (xxv) as of Prepayment Charges collected, waived, and paid by the Servicer. By each Distribution Date, Determination Date the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A4ip)

Monthly Statements to Certificateholders. (avii) Not later than each Distribution Date Date, the Securities Administrator shall make available to each Certificateholder, the Master Servicer, each Servicer, the Depositor, the Trustee and each Rating Agency a statement, based on information and to the extent provided by the ServicerServicers, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies and the Depositor a statement setting forth for with respect to the Certificatesrelated distribution: (i) the amount of the related distribution to Holders of each Class thereof allocable to principalprincipal (other than with respect to the Interest Only Certificates), separately identifying (A) the aggregate amount of any Principal Prepayments included thereinPrepayments, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, Liquidation Proceeds and (D) the aggregate amount of prepayment penalties, if anySubsequent Recoveries; (ii) the amount of such distribution to Holders of each Class thereof allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classinterest for such Distribution Date; (iii) any Interest Carry Forward Amount for each if the distribution to the Holders of such Class of Certificates is less than the Offered Certificatesfull 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 Class Certificate Principal Balance of each Class of Certificates after giving effect (i) to all distributions allocable to the distribution of principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such the following Distribution Date; (vi) the related amount of the Servicing Fee Fees (in the aggregate and separately stated) paid to or retained by the Servicer Servicers and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due Periodany Subservicer with respect to such Distribution Date; (vii) the Pass-Through Interest Rate for each such Class of Certificates for (other than the Class PO Certificates) with respect to such Distribution Date; (viii) the amount of P&I Advances included in the distribution on such Distribution Date and the aggregate amount of P&I Advances outstanding as of the close of business on the Determination Date immediately preceding such Distribution Date; (ix) the cumulative amount of (A) Realized Losses by Loan Group and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xi) the number and aggregate outstanding principal amounts balances of Mortgage Loans (A) Delinquent (exclusive of except those Mortgage Loans in foreclosurethat are liquidated as of the end of the related Prepayment Period) (1) as to which the Scheduled Payment is delinquent 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 daysas of the close of business on the day immediately preceding the Mortgage Loan’s next succeeding Due Date, (2) 61 to 90 days and that have become REO Property, (3) 91 or more daysthat are in foreclosure and (4) that are in bankruptcy, in each case as of the close of business on the last day Business Day of the calendar immediately preceding month preceding such Distribution Datewith respect to clauses (2), (3) and (4) above; (xiix) by Loan Group and in the aggregate, with respect to any Mortgage Loan Loans that became an REO Property Properties during the preceding calendar month, the loan number and the aggregate Stated Principal Balance of such Mortgage Loan Loans as of the close of business on the last day of the calendar month Determination Date preceding such Distribution Date and the date of acquisition thereof; (xi) by Loan Group, and in the aggregate; (xiii) , the total number and aggregate principal balance of any REO Properties as of the close of business on the last day of the calendar month Determination Date preceding such Distribution Date, in the aggregate; (xivxii) in the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to for each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as aggregate amount of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased Realized Losses incurred during the preceding Due Period calendar month and since the Cut-off aggregate Realized Losses through such Distribution Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxiii) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest Bankruptcy Losses, Fraud Losses, Special Hazard Losses or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Extraordinary Losses sustained through such Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer a copy of any report delivered by the Servicer to the Trustee. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Hsi Asset Securitization Corp)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeaxx Xxxxxxxxxxxxxxxxx, xxx XxxvicerServicer [, the NIM Insurer, the Rating Agencies Certifcate Issuer] and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included Mortgage Loans in each Loan Group and in the distribution on such Distribution Dateaggregate and the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses the weighted average mortgage rate of the Mortgage Loans in each Loan Group and in the aggregate, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, maturity of the Mortgage Loans in each Loan Group and in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and in the aggregate repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) Hard Prepayment Charges and Soft Prepayment Charges collected, waived, and paid by the Servicer; (xxvii) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxviii) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxix) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer a copy Stated Principal Balance of any report delivered by the Servicer to the Trustee. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be Substitute Mortgage Loan provided by the 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 Class R Certificate Seller and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 Stated Principal Balance of any calendar quarter Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.122.03.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar11)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, Yield Maintenance Reserve Funds and Carryover Reserve Funds, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such LIBOR rate applicable for that Distribution Date; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average mortgage rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) the Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) the Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxviii) Hard Prepayment Charges and Soft Prepayment Charges collected, waived, and paid by the Servicer; (xxix) the aggregate Stated Principal Balance of all the Mortgage Loans that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxx) the amount of any payments made by The Bank of New York to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the Trust Fund under the Yield Maintenance Agreements; (xxxi) the amount of any payments to each Class Net WAC Carryover Amounts from the Carryover Reserve Funds; (xxxii) the Stated Principal Balance of Certificates any Mortgage Loan that are not treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest"3.12; and (xxvxxxiii) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. By each Determination Date the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any other information on which the Servicer and the Trustee mutually agree. On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee. (c) form set forth as Schedule V. Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(vii) and (a)(iia)(viii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar13)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeaxx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for and Supplemental Interest Reserve Fund, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance (including Component Balances) or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such LIBOR rate applicable for that Distribution Date; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average mortgage rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day Determination Date preceding the Distribution Date; (xx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the calendar month preceding close of business on the Distribution Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxviii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the aggregatedefinition of Delayed Delivery Mortgage Loans; (xivxxix) Prepayment Charges collected, waived, and paid by the Servicer; (xxx) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxxi) the amount of any payments made by the Cap Counterparty to the Trust Fund under each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" Corridor Contract and the amount Cap Contract; (xxxii) the Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are not treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest"3.12; and (xxvxxxiii) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03.By each Distribution Date, Determination Date txx Servicer shall provide to the amount, if any, Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A8)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeaxx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount for each Class of additional servicing compensation received by the Offered CertificatesServicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included Mortgage Loans in each Loan Group and in the distribution on such Distribution Dateaggregate and the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses the weighted average mortgage rate of the Mortgage Loans in each Loan Group and in the aggregate, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, maturity of the Mortgage Loans in each Loan Group and in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and in the aggregate repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxvii) Hard Prepayment Charges and Soft Prepayment Charges collected, waived, and paid by the Servicer; (xxviii) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxix) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxx) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Determination Date the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any other information on which the Servicer and the Trustee mutually agree. On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee. (c) form set forth as Schedule V. Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ivii) and (a)(iiviii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Ar1)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeaxx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance (including Component Balances) or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included in Mortgage Loans and the distribution on such Distribution Dateaggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses and the weighted average Mortgage Rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day Determination Date preceding the Distribution Date; (xix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Distribution Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the calendar month preceding close of business on the Distribution Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxvii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the aggregatedefinition of Delayed Delivery Mortgage Loans; (xivxxviii) Prepayment Charges collected or waived by the Servicer; (xxix) the aggregate Stated Principal Balance of all the Mortgage Loans that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxx) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxi) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Distribution Date, Determination Date the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2007-A2)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr to each Holder of a Class of Certificates of the Xxxxx Xxxxhttp://www-apps.gis.deutsche-bank.xxx/xxxx xx xxxx Xxxxxxxxxxxxxxxxx, xxx XxxvicerMaster Servicer, the NIM Insurer, the Rating Agencies and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if any; (ii) the amount of such the distribution to Holders of each Class allocable to interest, together with any Non-Supported Unpaid Interest Shortfalls allocated Shortfall Amounts included in the distribution and any remaining Unpaid Interest Shortfall Amounts after giving effect to each Classthe distribution; (iii) if the distribution to the Holders of any Interest Carry Forward Amount for each Class of Certificates is less than the Offered Certificatesfull amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (iv) the Class Certificate Principal Balance or Notional Amount of each Class of Certificates after giving effect (i) to all distributions allocable to the distribution of principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such the following Distribution Date; (vi) the related Senior Percentage and Subordinated Percentage for the following Distribution Date; (vii) the amount of the Master Servicing Fee Fees and Servicing Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amount amounts of investment income earned on funds on deposit in any additional servicing compensation received by the Certificate Account for Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the related Due PeriodDistribution Date; (viiviii) the Pass-Through Rate for each Class of Certificates for such as of the day before the preceding Distribution Date; (viiiix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date. (x) the amount of Advances included in the distribution on such the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days, (2) 31 to 60 days, (23) 61 to 90 days days, and (34) 91 or more days, days and (B) in foreclosure and Delinquent delinquent (1) 1 to 30 days, (2) 31 to 60 days, (23) 61 to 90 days days, and (34) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xii) for each of the preceding 12 calendar months, or all calendar months since the related Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on each of the Due Dates in each such month and (B) delinquent 60 days or more on each of the Due Dates in each such month; (xiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate; (xiiixiv) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer a copy of any report delivered by the Servicer to the Trustee. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac MBS Inc Res as Sec Tr 2002-A3 Mo Pa Th Ce Se 2002-C)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr hxxxx://xxx.xxx.xx.xxx/xxxx to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such Distribution Date[reserved]; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average Mortgage Rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxviii) Prepayment Charges collected or waived by the Servicer; (xxix) Late Payment Fees collected or waived by the Servicer; (xxx) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Collateral Allocation Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxxi) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxii) as the Stated Principal Balance of each Distribution any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By the Reporting Date, the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac IMSC Mortgage Loan Trust 2007-F3)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such LIBOR rate applicable for that Distribution Date; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average Mortgage Rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) the Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) the Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Dates; (xxviii) Prepayment Charges collected or waived by the Servicer; (xxix) Late Payment Fees collected or waived by the Servicer; (xxx) the aggregate Stated Principal Balance of all the Mortgage Loans that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off DateDate (in each case immediately prior to the Stated Principal Balance being reduced to zero); (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xxxxxi) [RESERVEDreserved]; (xxixxxii) the amount and purpose Stated Principal Balance of any withdrawal from Mortgage Loan that has been repurchased by the Collection Account pursuant to Servicer in accordance with Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxiii) as the Stated Principal Balance of each Distribution any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By the Reporting Date, the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2007-A9)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the Servicer, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerXxxxicer, the NIM Insurer, the Rating Agencies and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such Distribution Date; (vi) the related amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due Period; (vii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xv) whether a Stepdown Trigger Event has occurred and is in effectoccurred; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Interest Carryover Amount with respect to such Distribution Date for each such Class, any Floating Rate Certificate Interest Carryover Amount paid for each such Class and any remaining Floating Rate Certificate Interest Carryover Amount for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]the related amount of the Credit Risk Manager Fee paid to the Credit Risk Manager; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"Interest; and (xxvxxiii) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer a copy of any report delivered by the Servicer to the Trustee. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeaxx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount for each Class of additional servicing compensation received by the Offered CertificatesServicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included Mortgage Loans in each Loan Group and in the distribution on such Distribution Dateaggregate and the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses the weighted average mortgage rate of the Mortgage Loans in each Loan Group and in the aggregate, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, maturity of the Mortgage Loans in each Loan Group and in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and in the aggregate repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxvii) Hard Prepayment Charges and Soft Prepayment Charges collected, waived, and paid by the Servicer; (xxviii) Late Payment Fees collected or waived by the Servicer; (xxix) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxx) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxi) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Determination Date the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any other information on which the Servicer and the Trustee mutually agree. On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee. (c) form set forth as Schedule V. Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ivii) and (a)(iiviii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Ar7)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeaxx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date Servicing Fee and (ii) the allocation of any Applied Realized Loss Amounts Trustee Fee for such Distribution Date; (iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (v) the Pool Stated amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Balance for Prepayments and Liquidation Proceeds included therein; (vi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (vii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (viii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (viix) the related amount Class Certificate Balance of each Class of Certificates before and after giving effect to the Servicing Fee paid to or retained by distribution of principal on the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodDistribution Date; (viix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such the Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xii) as of the last day of the related Due Period: (A) Delinquent the weighted average mortgage rate of the Mortgage Loans, and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xiii) the number and aggregate outstanding balance of the Mortgage Loans in each Loan Group as of the end of the preceding calendar month: (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixiv) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate; (xiiixvi) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the aggregate amount of prepayment penalties Principal Prepayments received during the related Prepayment Period and in the aggregate number of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer a copy of any report delivered by the Servicer to the Trustee. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs with respect subject to such regular interests or bad debt deductions claimed with respect to the Mortgage LoansPrincipal Prepayments; (vi) The amount and timing of any non-interest expenses of the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar5)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies and the Depositor Xxxxxxxx xxx xxx Xxxxxxxxr a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for and Supplemental Interest Reserve Fund, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such LIBOR rate applicable for that Distribution Date; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average Mortgage Rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day Determination Date preceding the Distribution Date; (xx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the calendar month preceding close of business on the Distribution Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) the Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) the Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxviii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the aggregatedefinition of Delayed Delivery Mortgage Loans; (xivxxix) Prepayment Charges collected, waived, and paid by the Servicer; (xxx) the aggregate Stated Principal Balance of all the Mortgage Loans that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxxi) the amount of any payments made by the Cap Counterparty to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount Trust Fund under the Corridor Contract; (xxxii) the Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are not treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest"3.12; and (xxvxxxiii) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03.By each Distribution Date, Determination Date the amount, if any, Servicer shall provide to the Xxxxxxx in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid Trustee mutually agree. The Trustee's responsibility for disbursing the above information to the Offered Certificates as described in Section 4.04(j) hereofCertificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2007-A1)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies and the Depositor a statement setting forth Servicer xxx xxx Xxxxxxxxx x xxxxxxent for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance (including Component Balances) or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such LIBOR rate applicable for that Distribution Date; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average mortgage rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day Determination Date preceding the Distribution Date; (xx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the calendar month preceding close of business on the Determination Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxviii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the aggregatedefinition of Delayed Delivery Mortgage Loans; (xivxxix) Prepayment Charges collected or waived by the Servicer; (xxx) Late Payment Fees collected or waived by the Servicer; (xxxi) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxxii) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxiii) as the Stated Principal Balance of each Distribution Dateany Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the amount, if any, information derived from the Servicer. By the Reporting Date the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee. (c) form set forth as Schedule V. Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2007-A8)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeaxx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for and Supplemental Interest Reserve Fund, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such LIBOR rate applicable for that Distribution Date; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average mortgage rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day Determination Date preceding the Distribution Date; (xx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the calendar month preceding close of business on the Distribution Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxviii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the aggregatedefinition of Delayed Delivery Mortgage Loans; (xivxxix) Prepayment Charges collected, waived, and paid by the Servicer; (xxx) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxxi) the amount of any payments made by the Cap Counterparty to each Class of Certificates that are treated as payments received in respect of a REMIC Regular the Supplemental Interest or REMIC "residual interest" and Trust under the amount Corridor Contract; (xxxii) the Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are not treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest"3.12; and (xxvxxxiii) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. By each Distribution Determination Date, the amount, if any, Servicer shall provide the Trustee in electronic form information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid Trustee mutually agree. The Trustee's responsibility for disbursing the above information to the Offered Certificates as described in Section 4.04(j) hereofCertificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A14cb)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeacx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Xxrvicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date Servicing Fee and (ii) the allocation of any Applied Realized Loss Amounts Trustee Fee for such Distribution Date; (iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (v) the Pool Stated amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Balance for Prepayments and Liquidation Proceeds included therein; (vi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (vii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (viii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (viix) the related amount Class Certificate Balance of each Class of Certificates before and after giving effect to the Servicing Fee paid to or retained by distribution of principal on the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodDistribution Date; (viix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such the Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xii) as of the last day of the related Due Period: (A) Delinquent the weighted average mortgage rate of the Mortgage Loans, and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xiii) the number and aggregate outstanding balance of the Mortgage Loans in each Loan Group as of the end of the preceding calendar month: (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixiv) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixvi) the total number and principal balance of any REO Properties as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such ClassPrincipal Prepayments; (xviii) the number aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and Stated Principal Balance (the aggregate amount of Advances outstanding as of the preceding close of business on the Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number aggregate amount of Mortgage Loans for which prepayment penalties were received Servicing Advances reimbursed during the related Prepayment Period and, for each such Mortgage LoanDue Period, the general source of funds for such reimbursements and the aggregate amount of prepayment penalties received during Servicing Advances outstanding as of the related Prepayment Period and in close of business on the aggregate of such amounts for all such Mortgage Loans since the Cut-off Distribution Date; (xx) [RESERVED]the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv)[Reserved]; (xxii) [RESERVEDReserved]; (xxiii) [RESERVEDReserved]; (xxiv) with respect to the amount second Distribution Date, the number and aggregate balance of any payments to each Class Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"Delayed Delivery Mortgage Loans; and (xxv) as Hard and Soft Prepayment Charges collected, waived, and paid by the Servicer. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Distribution Date, Determination Date the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trusteeform set forth as Schedule IV. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar29)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr cause to be forwarded by first class mail to each Holder of a Class of Certificates of the Xxxxx XxxxCertificateholder, xxx Xxxvicereach Servicer, the NIM InsurerDepositor and each Rating Agency, the Rating Agencies and the Depositor a statement based on the information provided by each Servicer setting forth for with respect to the Certificatesrelated distribution: (i) the amount of the related distribution to Holders of each Class thereof allocable to principal, separately identifying (A) indicating the aggregate amount of any portion thereof attributable to Scheduled Payments and Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyPrepayments; (ii) the amount of such distribution to Holders of each Class thereof allocable to interest, together with interest or any Non-Supported Carryforward Interest Shortfalls allocated to each Classincluded in such distribution; (iii) any Interest Carry Forward Amount for each if the distribution to the Holders of such Class of Certificates is less than the Offered Certificatesfull 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 Class Certificate Principal Balance of each Class of Certificates after giving effect (i) to all distributions allocable to the distribution of principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Aggregate Collateral Balance and the Aggregate Loan Group Collateral Balance for each Loan Group for such Distribution Date; (vi) the related Overcollateralization Amount or Overcollateralization-F Amount, as applicable, for such Distribution Date; (vii) the amount of the Servicing Fees, the Trustee Fee, the Loss Mitigation Advisor Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodFSA Premium and any other mortgage insurance fees, if applicable, with respect to such Distribution Date; (viiviii) the Pass-Through Rate for each Class of Certificates for with respect to such Distribution Date; (viiiix) the amount of Advances included in the distribution on such Distribution Date; (ix) Date and the cumulative aggregate amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in Advances outstanding as of the aggregatelast day of the calendar month preceding such Distribution Date; (x) the amount number and aggregate principal amounts of Mortgage Loans delinquent (A1) Realized Losses 30 to 59 days, (2) 60 to 89 days and (B3) Applied Realized Loss Amounts with respect 90 or more days (to include such delinquent loans which are also in bankruptcy or foreclosure), as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) that were in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance aggregate principal amounts of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereof, Loans that were in the aggregate; (xiii) the total number and principal balance of any REO Properties bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date, in ; (xiii) the aggregatenumber and aggregate principal amounts of Mortgage Loans with respect to which Prepayment Premiums were collected and the aggregate amount of such Prepayment Premiums; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans Rolling Three Month Delinquency Rate or Rolling-F Three Month Delinquency Rate, as of the preceding applicable, for such Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred the total number and is in effectprincipal balance of any REO Properties (and market value, if available) as of the last day of the calendar month preceding such Distribution Date; (xvi) with respect to each Class the total number and principal balance of Certificates, any Interest Carry Forward Amount with respect to Mortgage Loans that were repurchased during the calendar month preceding such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such ClassDate; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to the aggregate amount of Realized Losses incurred during the preceding calendar month and aggregate Realized Losses included in such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Classdistribution; (xviii) the number and Stated amount on deposit in the Prefunding Account (including a breakdown of amounts released during the prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in the Principal Balance (as of Remittance Amount on the preceding March 2002 Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date); (xix) the number weighted average term to maturity of the Mortgage Loans for which prepayment penalties were received during as of the related Prepayment Period and, for each close of business on the last day of the calendar month preceding such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Distribution Date; (xx) [RESERVED]the portion of any distribution to the Class A-1, Class A-2, Class A-3 and Class A-F Certificateholders constituting an Insured Payment for such Distribution Date; (xxi) the amount and purpose on deposit in the Capitalized Interest Account (including a breakdown of any withdrawal from amounts released for the Collection Account pursuant to Section 3.08(a)(ivcalendar month preceding such Distribution Date); (xxii) [RESERVED]the gross weighted average coupon of the Mortgage Loans as of the first date of the applicable period for such Distribution Date; (xxiii) [RESERVED]the aggregate number of Mortgage Loans in the pool; (xxiv) the amount of any payments to each Class of Certificates that are treated Net WAC Rate; (xxv) the Senior Enhancement Percentage or Senior-F Enhancement Percentage, as payments received in respect of a REMIC Regular Interest applicable; (xxvi) the Net Excess Spread or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"Net-F Excess Spread; and (xxvxxvii) as any amounts deposited in the Basis Risk Reserve Fund on such Distribution Date pursuant to Section 4.02(g)J. and the Basis-F Risk Reserve Fund on such Distribution Date pursuant to Section 4.02(h)J., and the balance of the Basis Risk Reserve Fund and the Basis-F Risk Reserve Fund after all distributions have been made on such Distribution Date. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from each Servicer. On each Distribution Date, the amountTrustee shall provide Bloomberg Financial Markets, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(jL.P. ("Bloomberg") and the amount thereof to be paid to the CUSIP Level Factors for each Class of Offered Certificates as described of such Distribution Date, using a format and media mutually acceptable to the Trustee and Bloomberg. In connection with providing the information specified in this Section 4.04 to Bloomberg, the Trustee and any director, officer, employee or agent of the Trustee shall be indemnified and held harmless by DLJMC, to the extent, in the manner and subject to the limitations provided in Section 4.04(j8.05. The Trustee will also make the monthly statements to Certificateholders available each month to each party referred to in this Section 4.04(a) hereofvia the Trustee's website. The Trustee's website can be accessed at http://www.usbank.com/abs or at such other site as the Trustee may xxxxxxxxx xxxx xxxx xx time. The Trustee may fully rely upon and shall have no liability with respect to information provided by each Servicer. (b) The Servicer shall deliver to the NIM Insurer a copy of any report delivered by the Servicer to the Trustee. (c) Within Upon request, within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and 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)(iia)(vii) of this Section 4.05 4.04 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the Servicer, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxx.xxxxxxx.xxx to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerTrust Fund, the NIM InsurerServicer, the Rating Agencies and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penaltiesPrepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such Distribution Date; (vi) the related amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodServicer; (vii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateaggregate and with respect to the Group One Mortgage Loans, Group Two Mortgage Loans; (xiii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xv) whether a Stepdown Trigger Event has occurred and is in effectoccurred; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xixxvii) the number of Mortgage Loans for which prepayment penalties Prepayment Charges were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xxxviii) [RESERVED]the related amount of each MI Insurer Fee paid to each MI Insurer; (xxixix) the amount and purpose of any withdrawal from the Collection Certificate Account pursuant to Section 3.08(a)(iv3.08(a)(v); (xxiixx) [RESERVED]the number and aggregate Stated Principal Balance of Mortgage Loans covered by each MI Policy as of the end of the related Due Period; (xxiiixxi) [RESERVED]the amount of any claims paid by each MI Insurer pursuant to the related MI Policy with respect to principal, the amount of any claims paid by each MI Insurer pursuant to the related MI Policy with respect to interest, the amount of any claims made under the related MI Policy and the amount of any claims rejected under the related MI Policy, each as of such Distribution Date; (xxivxxii) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxvxxiii) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j4.04(k) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j4.04(k) hereof. The Trustee will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and other interested parties via the Trustee's Internet website. The Trustee's Internet website shall initially be located at "xxx.xxxxxxx.xxx". Assistance in using the website can be obtained by calling the Trustee's customer service desk at (000) 000-0000. Parties that are unable to use the website are entitled to have a paper copy mailed to them via first class mail by calling the customer -80- service desk and indicating such. The Trustee shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The 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 for purposes of preparing the monthly 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 Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. (b) The Servicer shall deliver to the NIM Insurer a copy of any report delivered by the Servicer to the Trustee[RESERVED]. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the each Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12. (e) The Servicer shall provide a report to the Rating Agencies at the end of each fiscal quarter, which report shall indicate with respect to each Mortgage Loan the terms of which have been modified, its loan number, the date of modification, and a description of such modification.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2004-Opt1)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr hxxxx://xxx.xxx.xx.xxx/xxxx to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such Distribution Date[reserved]; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average Mortgage Rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxviii) Prepayment Charges collected or waived by the Servicer; (xxix) Late Payment Fees collected or waived by the Servicer; (xxx) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Collateral Allocation Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxxi) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxii) as the Stated Principal Balance of each Distribution any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By the Reporting Date, the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac IMJA Mortgage Loan Trust 2007-A2)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxx.xxxxxxxx.xxx to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerIssuing Entity, the NIM InsurerServicer, the Trustee, the Rating Agencies Agencies, the Depositor, the Cap Contract Counterparty and the Depositor Swap Counterparty a statement setting forth for the CertificatesCertificates the following information; provided, however, that with respect to any calendar year during which an annual report on Form 10-K is not required to be filed with the Commission on behalf of the Issuing Entity, the information set forth in Items (xxiv) through (xxxii) below are not required to be included in such statement during any calendar year: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penaltiesPrepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carry Forward interest Carryforward Amount for each Class of the Offered Class A, Class M and Class B Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such Distribution Date; (vi) the related amount of the Servicing Fee paid to or retained by the Servicer and any amounts constituting reimbursement or indemnification of the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodServicer or Trustee; (vii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution DateDate or reimbursed during the period; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans in accordance with the OTS methodology for reporting delinquencies; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereofDate, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiv) the aggregate Stated Principal Balance of all loans that became Liquidated Loans as of such Distribution Date calculated as of the preceding Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Prepayment Period and since the Cut-off Date; (xixxviii) the number of Mortgage Loans prepaid in full for which prepayment penalties Prepayment Charges were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties Prepayment Charges received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date, and for partial Principal Prepayments, the amount received during the preceding calendar month; (xx) [RESERVED]; (xxixix) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv3.08(a)(viii);; -122- (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxx) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest "regular interest" or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest "regular interest" or REMIC "residual interest"; and; (xxvxxi) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account Issuing Entity pursuant to the Cap related Corridor Contract as described in Section 4.04(j4.04(k) and the amount thereof to be paid to the Offered Class A-1 Certificates, the Class A-2 Certificates, the Subordinate Certificates and the Class C Certificates described in Section 4.04(k) hereof; (xxii) as of each Distribution Date, the amount, if any, to be deposited in the Supplemental Interest Trust pursuant to the Swap Agreement as described in Section 4.04(j4.04(l) hereofand the amount thereof to be paid to the Certificates; (xxiii) any Floating Rate Certificate Carryover paid and all Floating Rate Certificate Carryover remaining on each class of the Class A, Class M and Class B Certificates on such Distribution Date; (xxiv) the number of Mortgage Loans with respect to which (i) a reduction in the Mortgage Rate has occurred or (ii) the related borrower's obligation to repay interest on a monthly basis has been suspended or reduced pursuant to the Relief Act; and the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result of such reductions in the aggregate and with respect to the Group One Mortgage Loans and the Group Two Mortgage Loans; (xxv) with respect to each Class of Certificates, the amount of any Non-Supported Interest Shortfalls on such Distribution Date; (xxvi) the number and amount of pool assets at the beginning and ending of each period, and updated pool composition information; (xxvii) any material changes to methodology regarding calculations of delinquencies and charge-offs; (xxviii) information on the amount of Servicing Advances made or reimbursed during the period; (xxix) any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time; (xxx) material breaches of pool asset representations or warranties or transaction covenants; (xxxi) information on ratio, coverage or other tests used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met; and (xxxii) information regarding any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable. (b) The Servicer Trustee will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Trustee's Internet website. The Trustee's Internet website shall deliver initially be located at "xxx.xxxxxxxx.xxx". Assistance in using the website can be obtained by calling the Trustee at (000) 000-0000. Parties that are unable to use the website are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the NIM Insurer a copy of above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any report delivered such changes. The foregoing information and reports shall be prepared and determined by the Servicer Trustee based on Mortgage Loan data and other information provided to the Trustee by the Servicer, the Swap Counterparty, the Cap Contract Counterparty or any other third party required to deliver information hereunder. In preparing or furnishing the foregoing information, the Trustee shall be entitled to rely conclusively on the accuracy of the information or data provided to the Trustee by the Servicer, the Swap Counterparty, the Cap Contract Counterparty or any other third party required to deliver information and shall have no liability for any errors in any such information. As a condition to access the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. (c) Within If so requested in writing within a reasonable period of time after the end of each calendar year, the Trustee shall make available on its website or cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a CertificateholderCertificateholder of record, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as are from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Trustee shall furnish to the Holders of the Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-2)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxx.xxxxxxxx.xxx to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerIssuing Entity, the NIM InsurerServicer, the Trustee, the Rating Agencies Agencies, the Depositor, the Cap Contract Counterparty and the Depositor Swap Counterparty a statement setting forth for the CertificatesCertificates the following information; provided, however, that with respect to any calendar year during which an annual report on Form 10-K is not required to be filed with the Commission on behalf of the Issuing Entity, the information set forth in Items (xxiv) through (xxxii) below are not required to be included in such statement during any calendar year: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penaltiesPrepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carry Forward interest Carryforward Amount for each Class of the Offered Class A, Class M and Class B Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such Distribution Date; (vi) the related amount of the Servicing Fee paid to or retained by the Servicer and any amounts constituting reimbursement or indemnification of the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodServicer or Trustee; (vii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution DateDate or reimbursed during the period; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans in accordance with the OTS methodology for reporting delinquencies; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiv) the aggregate Stated Principal Balance of all loans that became Liquidated Loans as of such Distribution Date calculated as of the preceding Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xixxviii) the number of Mortgage Loans for which prepayment penalties Prepayment Charges were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties Prepayment Charges received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxixix) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv3.08(a)(viii); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxx) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest "regular interest" or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest "regular interest" or REMIC "residual interest"; and; (xxvxxi) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account Issuing Entity pursuant to the Cap related Corridor Contract as described in Section 4.04(j4.04(k) and the amount thereof to be paid to the Offered Class A-1 Certificates, the Class A-2 Certificates, the Subordinate Certificates and the Class C Certificates described in Section 4.04(k) hereof; (xxii) as of each Distribution Date, the amount, if any, to be deposited in the Supplemental Interest Trust pursuant to the Cap Contract as described in Section 4.04(j4.04(l) hereofand the amount thereof to be paid to the Certificates; (xxiii) as of each Distribution Date, the amount, if any, to be deposited in the Supplemental Interest Trust pursuant to the Swap Agreement as described in Section 4.04(l) and the amount thereof to be paid to the Certificates; (xxiv) any Floating Rate Certificate Carryover paid and all Floating Rate Certificate Carryover remaining on each class of the Class A, Class M and Class B Certificates on such Distribution Date; (xxv) the number of Mortgage Loans with respect to which (i) a reduction in the Mortgage Rate has occurred or (ii) the related borrower's obligation to repay interest on a monthly basis has been suspended or reduced pursuant to the Relief Act or the California Military and Veterans Code, as amended; and the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result of such reductions in the aggregate and with respect to the Group One Mortgage Loans and the Group Two Mortgage Loans; (xxvi) with respect to each Class of Certificates, the amount of any Non-Supported Interest Shortfalls on such Distribution Date; (xxvii) the number and amount of pool assets at the beginning and ending of each period, and updated pool composition information; (xxviii) any material changes to methodology regarding calculations of delinquencies and charge-offs; (xxix) information on the amount of Servicing Advances made or reimbursed during the period; (xxx) any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time; (xxxi) material breaches of pool asset representations or warranties or transaction covenants; (xxxii) information on ratio, coverage or other tests used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met; and (xxxiii) information regarding any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable. (b) The Servicer Trustee will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Trustee's Internet website. The Trustee's Internet website shall deliver initially be located at "xxx.xxxxxxxx.xxx". Assistance in using the website can be obtained by calling the Trustee at (000) 000-0000. Parties that are unable to use the website are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the NIM Insurer a copy of above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any report delivered such changes. The foregoing information and reports shall be prepared and determined by the Servicer Trustee based on Mortgage Loan data and other information provided to the Trustee by the Servicer, the Swap Counterparty, the Cap Contract Counterparty or any other third party required to deliver information hereunder. In preparing or furnishing the foregoing information, the Trustee shall be entitled to rely conclusively on the accuracy of the information or data provided to the Trustee by the Servicer, the Swap Counterparty, the Cap Contract Counterparty or any other third party required to deliver information and shall have no liability for any errors in any such information. As a condition to access the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. (c) Within If so requested in writing within a reasonable period of time after the end of each calendar year, the Trustee shall make available on its website or cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a CertificateholderCertificateholder of record, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as are from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Trustee shall furnish to the Holders of the Class R Certificate and the NIM Insurer the each Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust, Series 2006-Ff18)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included Mortgage Loans in each Loan Group and in the distribution on such Distribution Dateaggregate and the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses the weighted average mortgage rate of the Mortgage Loans in each Loan Group and in the aggregate, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, maturity of the Mortgage Loans in each Loan Group and in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate as of the end of the preceding calendar month: (A) Delinquent elinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the ggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and in the aggregate repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxvii) Late Payment Fees collected or waived by the Servicer; (xxviii) all Prepayment Charges collected, waived, and paid by the Servicer; (xxix) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxx) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxi) as the Stated Principal Balance of each Distribution any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By the Reporting Date, the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid Trustee mutually agree. On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the Offered Certificates as described in Section 4.04(j) hereof. (b) The related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee. (c) form set forth as Schedule V. Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(vii) and (a)(iia)(viii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDA Mortgage Loan Trust 2007-Ar3)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make cause to be made available on its website located at www.jpmorgan.com/sfr to each Holder of a Class of Certificates of the Xxxxx XxxxCertificateholder, xxx Xxxvicereach Servicer, the NIM InsurerDepositor, the and each Rating Agencies and the Depositor Agency, a statement setting forth for with respect to the Certificatesrelated distribution: (i) the amount of the related distribution to Holders of each Class thereof allocable to principal, separately identifying (A) indicating the aggregate amount of any portion thereof attributable to Scheduled Payments and Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyPrepayments; (ii) the amount of such distribution to Holders of each Class thereof allocable to interest, together with indicating the portion thereof attributable to any Non-Supported Carryforward Interest Shortfalls allocated to each Classincluded in such distribution; (iii) any Interest Carry Forward Amount for each if the distribution to the Holders of such Class of Certificates is less than the Offered Certificatesfull 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 Class Certificate Principal Balance of each Class of Certificates after giving effect (i) to all distributions allocable to the distribution of principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Aggregate Loan Balance for such the following Distribution Date; (vi) the related amount of the Servicing Fee paid to or retained by the Servicer Fees and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodTrustee Fees with respect to such Distribution Date; (vii) the Pass-Through Rate for each such Class of Certificates for with respect to such Distribution Date; (viii) 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; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans in foreclosure or delinquent (A) Delinquent (exclusive of with a notation indicating which Mortgage Loans Loans, if any, are in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (34) 91 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xiix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding Rolling Three Month Delinquency Rate for such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixi) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date; (xii) the aggregate amount of Realized Losses incurred during the preceding calendar month and aggregate Realized Losses through such Distribution Date; and (xiii) the weighted average term to maturity of the Mortgage Loans as of the close of business on the last day of the calendar month preceding such Distribution Date. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as timeliness and accuracy of the preceding Distribution Date, information derived from each Servicer which shall be provided as required in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of 4.05. On each Distribution Date, the amountTrustee shall provide Bloomberg Financial Markets, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(jL.P. ("Bloomberg") and the amount thereof to be paid to the cusip level factors for each Class of Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver of such Distribution Date, using a format and media mutually acceptable to the NIM Insurer a copy of any report delivered by Trustee and Bloomberg. In connection with providing the Servicer information specified in this Section 4.04 to the Trustee. (c) Within a reasonable period of time after the end of each calendar yearBloomberg, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholderdirector, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year officer, employee or applicable portion thereof during which such Person was a Certificateholder. Such obligation agent of the Trustee shall be deemed to have been satisfied indemnified and held harmless by DLJMC, to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The original issue discount (orextent, 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 or residual interests created hereunder manner and subject to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (v) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 limitations provided by the Depositor pursuant to Section 8.12.in

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date[, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance;] (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included Mortgage Loans in each Loan Group and in the distribution on such Distribution Dateaggregate and the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses the weighted average mortgage rate of the Mortgage Loans in each Loan Group and in the aggregate, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, maturity of the Mortgage Loans in each Loan Group and in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and in the aggregate repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxvii) Late Payment Fees collected or waived by the Servicer; (xxviii) Hard Prepayment Charges and Soft Prepayment Charges collected, waived, and paid by the Servicer; (xxix) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxx) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxi) as the Stated Principal Balance of each Distribution any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By the Reporting Date, the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid Trustee mutually agree. On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the Offered Certificates as described in Section 4.04(j) hereof. (b) The related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee. (c) form set forth as Schedule V. Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(vii) and (a)(iia)(viii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac IMSC Mortgage Loan Trust 2007-Ar1)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such LIBOR rate applicable for that Distribution Date; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average mortgage rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day Determination Date preceding the Distribution Date; (xx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the calendar month preceding close of business on the Distribution Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) the Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) the Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxviii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the aggregatedefinition of Delayed Delivery Mortgage Loans; (xivxxix) Prepayment Charges collected, waived, and paid by the Servicer; (xxx) the aggregate Stated Principal Balance of all the Mortgage Loans that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxxi) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxii) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. By each Distribution Date, Determination Date the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid Trustee mutually agree. The Trustee's responsibility for disbursing the above information to the Offered Certificates as described in Section 4.04(j) hereofCertificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A12)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance (including Component Balances) or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included in Mortgage Loans and the distribution on such Distribution Dateaggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses and the weighted average Mortgage Rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day Determination Date preceding the Distribution Date; (xix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Distribution Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the calendar month preceding close of business on the Distribution Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxvii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the aggregatedefinition of Delayed Delivery Mortgage Loans; (xivxxviii) Prepayment Charges collected or waived by the Servicer; (xxix) the aggregate Stated Principal Balance of all the Mortgage Loans that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxx) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxi) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Distribution Date, Determination Date the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2007-A5)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeaxx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificates:related distribution of (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for and Carryover Reserve Fund, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any scheduled principal, Principal Prepayments in Full, partial Principal Prepayments and Liquidation Proceeds included therein; (viii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (ix) the aggregate outstanding Interest Carry Forward Amount, Net Prepayment Interest Shortfalls, Net Rate Carryover and unpaid Net Rate Carryover for each applicable Class of Certificates, after giving effect to the distributions made on that Distribution Date. (x) the Interest Remittance Amount, the Principal Remittance Amount, the Senior Principal Distribution Amount and the Overcollateralization Release Amount applicable to that Distribution Date; (xi) the Overcollateralized Amount, after giving effect to distributions made on that Distribution Date; (xii) the amount of any Overcollateralization Deficiency Amount, after giving effect to distributions made on that Distribution Date; (xiii) whether a Trigger Event is in effect for that Distribution Date; (xiv) the aggregate amount of Applied Realized Loss Amounts and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xv) the Class Certificate Balance of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xvi) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixvii) the amount of Advances included in the distribution on such LIBOR rate and MTA rate applicable for that Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixviii) the number and aggregate principal amounts Stated Principal Balance of the Mortgage Loans as the first day of the related Due Period and the last day of the related Due Period; (xix) as of the last day of the related Due Period: (A) Delinquent the weighted average mortgage rate of the Mortgage Loans, and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xx) the number and aggregate outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixxi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xxii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixxiii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day Determination Date preceding the Distribution Date; (xxiv) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxv) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the calendar month preceding close of business on the Distribution Date; (xxvi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxvii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxviii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxix) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the aggregatedefinition of Delayed Delivery Mortgage Loans; (xivxxx) Prepayment Charges collected, waived, and paid by the Servicer; (xxxi) the aggregate Stated Principal Balance of all the Mortgage Loans that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off DateDate immediately prior to the Stated Principal Balance being reduced to zero; (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxxii) the amount of any payments Net Rate Carryover from the Carryover Reserve Fund; (xxxiii) the aggregate amount of Deferred Interest on the Mortgage Loans for the related Due Date, and the cumulative amount of Deferred Interest on the Mortgage Loans through that Distribution Date; (xxxiv) the aggregate amount of Net Deferred Interest on the Mortgage Loans for that Distribution Date, and the amount allocated to each Class of Certificates on that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" Distribution Date and the cumulative amount of any payments Net Deferred Interest on the Mortgage Loans allocated to each Class of Certificates through that are not treated as payments received Distribution Date; (xxxv) the Stated Principal Balance of any Mortgage Loan that has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest"3.12; and (xxvxxxvi) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. By each Distribution Date, Determination Date the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid Trustee mutually agree. The Trustee's responsibility for disbursing the above information to the Offered Certificates as described in Section 4.04(j) hereofCertificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar14)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr hxxxx://xxx.xxx.xx.xxx/xxxx to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance (including Component Balances) or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included in Mortgage Loans and the distribution on such Distribution Dateaggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses and the weighted average Mortgage Rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day Determination Date preceding the Distribution Date; (xix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the calendar month preceding close of business on the Determination Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxvii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the aggregatedefinition of Delayed Delivery Mortgage Loans; (xivxxviii) Prepayment Charges collected or waived by the Servicer; (xxix) Late Payment Fees collected or waived by the Servicer; (xxx) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxxi) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxii) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Distribution Date, Reporting Date the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac IMSC Mortgage Loan Trust 2007-F2)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the Servicer, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr www.jpmorgan.com/absmbs to each Holder of a Class of Certificates of the txx Xxxxx Xxxx, xxx XxxvicerXxxxicer, the NIM NIMs Insurer, the Rating Agencies and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carry Forward Carryforward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such Distribution Date; (vi) the related amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due Period; (vii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate; (xiii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepup Trigger Event or a Stepdown Trigger Event has occurred and is in effectoccurred; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Carryforward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Carryforward Amount paid for each such Class and any remaining Interest Carry Forward Carryforward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Interest Carryover Amount with respect to such Distribution Date for each such Class, any Floating Rate Certificate Interest Carryover Amount paid for each such Class and any remaining Floating Rate Certificate Interest Carryover Amount for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]the related amount of the Credit Risk Manager Fee paid to the Credit Risk Manager; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"Interest; and (xxvxxiii) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j4.04(k) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j4.04(k) hereof. (b) The Servicer shall deliver to the NIM NIMs Insurer a copy of any report delivered by the Servicer to the Trustee. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM NIMs Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 4.02 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM NIMs Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies and the Depositor Servicer xxx xxx Xxxxxxxxx a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for and Supplemental Interest Reserve Fund, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such LIBOR rate applicable for that Distribution Date; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average Mortgage Rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day Determination Date preceding the Distribution Date; (xx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the calendar month preceding close of business on the Distribution Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) the Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) the Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxviii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the aggregatedefinition of Delayed Delivery Mortgage Loans; (xivxxix) Prepayment Charges collected, waived, and paid by the Servicer; (xxx) the aggregate Stated Principal Balance of all the Mortgage Loans that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxxi) the amount of any payments made by the Cap Counterparty to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount Trust Fund under the Corridor Contract; (xxxii) the Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are not treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest"3.12; and (xxvxxxiii) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Distribution Date, Determination Date the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A10)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Certificate Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date Servicing Fee and (ii) the allocation of any Applied Realized Loss Amounts Trustee Fee for such Distribution Date; (iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (v) the Pool Stated amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Balance for Prepayments and Liquidation Proceeds included therein; (vi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (vii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (viii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (viix) the related amount Class Certificate Balance of each Class of Certificates before and after giving effect to the Servicing Fee paid to or retained by distribution of principal on the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodDistribution Date; (viix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such the Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xii) as of the last day of the related Due Period: (A) Delinquent the weighted average mortgage rate of the Mortgage Loans, and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xiii) the number and aggregate outstanding balance of the Mortgage Loans as of the end of the preceding calendar month: (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixiv) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixvi) the total number and principal balance of any REO Properties as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such ClassPrincipal Prepayments; (xviii) the number aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and Stated Principal Balance (the aggregate amount of Advances outstanding as of the preceding Distribution Date) close of any Mortgage Loans which were purchased or repurchased during business on the preceding Due Period and since the Cut-off Determination Date; (xix) the number aggregate amount of Mortgage Loans for which prepayment penalties were received Servicing Advances reimbursed during the related Prepayment Period and, for each such Mortgage LoanDue Period, the general source of funds for such reimbursements and the aggregate amount of prepayment penalties received during Servicing Advances outstanding as of the related Prepayment Period and in close of business on the aggregate of such amounts for all such Mortgage Loans since the Cut-off Determination Date; (xx) [RESERVED]the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxi) the amount Deferred Interest, Net Deferred Interest and purpose Carryover Shortfall Amounts for each Class of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv)Certificates; (xxii) [RESERVED]Amounts due and received under the Swap Contract, Corridor Contract and Cap Contract for the Distribution Date; (xxiii) [RESERVED]with respect to the second Distribution Date, the number and aggregate balance of any Delay Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delay Delivery Mortgage Loans; (xxiv) the amount of any payments Relief Act Reductions and Prepayment Interest Shortfalls for the Distribution Date; (xxv) the designation of any Class of LIBOR Certificates the Pass-Through Rate of which was limited by the related Net WAC Cap for the Distribution Date; (xxvi) the amount paid by the Certificate Insurer under the Policy with respect to each of the Class of A-1-2, Class A-2-3 and Class A-3 Certificates for that are treated as payments received Distribution Date; and all amounts paid to the Certificate Insurer in respect of a REMIC Regular Interest or REMIC "residual interest" the Reimbursement Amount and the amount of monthly premium (and any payments to each Class of Certificates monthly premium from prior Distribution Dates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"remains unpaid with interest at the Late Payment Rate) for that Distribution Date; and (xxvxxvii) as Prepayment Charges and Late Payment Fees collected, waived, and paid by the Servicer. The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of each Distribution the information derived from the Servicer. By the Reporting Date, the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trusteeform set forth as Schedule IV. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac IMSC Mortgage Loan Trust 2007-Hoa1)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for and Supplemental Interest Reserve Fund, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such LIBOR rate applicable for that Distribution Date; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average mortgage rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day Determination Date preceding the Distribution Date; (xx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the calendar month preceding close of business on the Distribution Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxviii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the aggregatedefinition of Delayed Delivery Mortgage Loans; (xivxxix) Prepayment Charges collected, waived, and paid by the Servicer; (xxx) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxxi) the amount of any payments made by the Cap Counterparty to each Class of Certificates that are treated as payments received in respect of a REMIC Regular the Supplemental Interest or REMIC "residual interest" and Trust under the amount Corridor Contract; (xxxii) the Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are not treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest"3.12; and (xxvxxxiii) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. By each Distribution Determination Date, the amount, if any, Servicer shall provide the Trustee in electronic form information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid Trustee mutually agree. The Trustee's responsibility for disbursing the above information to the Offered Certificates as described in Section 4.04(j) hereofCertificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A14cb)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance (including Component Balances) or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included in Mortgage Loans and the distribution on such Distribution Dateaggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses and the weighted average mortgage rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day Determination Date preceding the Distribution Date; (xix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the calendar month preceding close of business on the Determination Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxvii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the aggregatedefinition of Delayed Delivery Mortgage Loans; (xivxxviii) Prepayment Charges collected or waived by the Servicer; (xxix) Late Payment Fees collected or waived by the Servicer; (xxx) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxxi) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxii) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. On or prior to each Distribution Date, Determination Date the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac IMSC Mortgage Loan Trust 2007-F1)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses in each Loan Group and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount number of Advances included Mortgage Loans in each Loan Group and in the distribution on such Distribution Dateaggregate and the aggregate Stated Principal Balance of the Mortgage Loans in each Loan Group and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (ixxiv) as of the cumulative amount last day of the related Due Period: (A) Realized Losses the weighted average mortgage rate of the Mortgage Loans in each Loan Group and in the aggregate, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, maturity of the Mortgage Loans in each Loan Group and in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixv) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group and in the aggregate as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvi) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xvii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixviii) the total number and principal balance of any REO Properties in each Loan Group and in the aggregate (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxix) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xx) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxi) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans in each Loan Group and in the aggregate repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxiv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxv) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvi) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxvii) Late Payment Fees collected or waived by the Servicer; (xxviii) all Prepayment Charges collected, waived, and paid by the Servicer; (xxix) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxx) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxi) as the Stated Principal Balance of each Distribution any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By the Reporting Date, the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid Trustee mutually agree. On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the Offered Certificates as described in Section 4.04(j) hereof. (b) The related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee. (c) form set forth as Schedule V. Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(vii) and (a)(iia)(viii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDA Mortgage Loan Trust 2007-Ar5)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxx.xxxxxxxx.xxx to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerIssuing Entity, the NIM InsurerServicer, the Trustee, the Rating Agencies Agencies, the Depositor, the Cap Contract Counterparty and the Depositor Swap Counterparty a statement setting forth for the CertificatesCertificates the following information; provided, however, that with respect to any calendar year during which an annual report on Form 10-K is not required to be filed with the Commission on behalf of the Issuing Entity, the information set forth in Items (xxiv) through (xxxii) below are not required to be included in such statement during any calendar year: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penaltiesPrepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carry Forward interest Carryforward Amount for each Class of the Offered Class A, Class M and Class B Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such Distribution Date; (vi) the related amount of the Servicing Fee paid to or retained by the Servicer and any amounts constituting reimbursement or indemnification of the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodServicer or Trustee; (vii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution DateDate or reimbursed during the period; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans in accordance with the OTS methodology for reporting delinquencies; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereofDate, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiv) the aggregate Stated Principal Balance of all loans that became Liquidated Loans as of such Distribution Date calculated as of the preceding Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Prepayment Period and since the Cut-off Date; (xixxviii) the number of Mortgage Loans prepaid in full for which prepayment penalties Prepayment Charges were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties Prepayment Charges received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date, and for partial Principal Prepayments, the amount received during the preceding calendar month; (xx) [RESERVED]; (xxixix) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv3.08(a)(viii); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxx) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest "regular interest" or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest "regular interest" or REMIC "residual interest"; and; (xxvxxi) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account Issuing Entity pursuant to the Cap related Corridor Contract as described in Section 4.04(j4.04(k) and the amount thereof to be paid to the Offered Class A-1 Certificates, the Class A-2 Certificates, the Subordinate Certificates and the Class C Certificates described in Section 4.04(k) hereof; (xxii) as of each Distribution Date, the amount, if any, to be deposited in the Supplemental Interest Trust pursuant to the Cap Contract as described in Section 4.04(j4.04(l) hereofand the amount thereof to be paid to the Certificates; (xxiii) as of each Distribution Date, the amount, if any, to be deposited in the Supplemental Interest Trust pursuant to the Swap Agreement as described in Section 4.04(l) and the amount thereof to be paid to the Certificates; (xxiv) any Floating Rate Certificate Carryover paid and all Floating Rate Certificate Carryover remaining on each class of the Class A, Class M and Class B Certificates on such Distribution Date; (xxv) the number of Mortgage Loans with respect to which (i) a reduction in the Mortgage Rate has occurred or (ii) the related borrower's obligation to repay interest on a monthly basis has been suspended or reduced pursuant to the Relief Act; and the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result of such reductions in the aggregate and with respect to the Group One Mortgage Loans and the Group Two Mortgage Loans; (xxvi) with respect to each Class of Certificates, the amount of any Non-Supported Interest Shortfalls on such Distribution Date; (xxvii) the number and amount of pool assets at the beginning and ending of each period, and updated pool composition information; (xxviii) any material changes to methodology regarding calculations of delinquencies and charge-offs; (xxix) information on the amount of Servicing Advances made or reimbursed during the period; (xxx) any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time; (xxxi) material breaches of pool asset representations or warranties or transaction covenants; (xxxii) information on ratio, coverage or other tests used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met; and (xxxiii) information regarding any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable. (b) The Servicer Trustee will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Trustee's Internet website. The Trustee's Internet website shall deliver initially be located at "xxx.xxxxxxxx.xxx". Assistance in using the website can be obtained by calling the Trustee at (000) 000-0000. Parties that are unable to use the website are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the NIM Insurer a copy of above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any report delivered such changes. The foregoing information and reports shall be prepared and determined by the Servicer Trustee based on Mortgage Loan data and other information provided to the Trustee by the Servicer, the Swap Counterparty, the Cap Contract Counterparty or any other third party required to deliver information hereunder. In preparing or furnishing the foregoing information, the Trustee shall be entitled to rely conclusively on the accuracy of the information or data provided to the Trustee by the Servicer, the Swap Counterparty, the Cap Contract Counterparty or any other third party required to deliver information and shall have no liability for any errors in any such information. As a condition to access the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. (c) Within If so requested in writing within a reasonable period of time after the end of each calendar year, the Trustee shall make available on its website or cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a CertificateholderCertificateholder of record, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as are from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Trustee shall furnish to the Holders of the Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeacx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Xxrvicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance (including Component Balances) or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such LIBOR rate applicable for that Distribution Date; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average mortgage rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day Determination Date preceding the Distribution Date; (xx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the calendar month preceding close of business on the Distribution Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxviii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the aggregatedefinition of Delayed Delivery Mortgage Loans; (xivxxix) Prepayment Charges collected, waived, and paid by the Servicer; (xxx) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxxi) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxii) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Distribution Date, Determination Date the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A16)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeacx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, Yield Maintenance Reserve Funds and Supplemental Interest Reserve Fund, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance (including Component Balances) or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such LIBOR rate applicable for that Distribution Date; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average mortgage rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day Determination Date preceding the Distribution Date; (xx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the calendar month preceding close of business on the Distribution Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxviii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the aggregatedefinition of Delayed Delivery Mortgage Loans; (xivxxix) Prepayment Charges collected, waived, and paid by the Servicer; (xxx) the aggregate Stated Principal Balance of all Liquidated the Mortgage Loans as of the preceding Distribution Date, in each Loan Group and in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any aggregate that became Liquidated Mortgage Loans which were purchased or repurchased during in the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxxi) the amount of any payments made by the Cap Counterparty to the Trust Fund under each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and Yield Maintenance Agreement; (xxxii) the amount Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are not treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest"3.12; and (xxvxxxiii) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03.By each Distribution Date, Determination Date thx Servicer shall provide to the amount, if any, Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A7cb)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date Date, the Securities Administrator shall make available to each Certificateholder, the Servicer, the Depositor and each Rating Agency a statement based in part on information provided by the Servicer, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies and the Depositor a statement Servicer setting forth for with respect to the Certificatesrelated distribution: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyLiquidation Proceeds in that distribution; (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each ClassAvailable Funds; (iii) any Interest Carry Forward the amount of Available Funds allocable to principal, the Senior Optimal Principal Amount for each Class of (separately identifying the Offered Certificatescomponents thereof) and the Subordinate Optimal Principal Amount (separately identifying the components thereof); (iv) the amount of Available Funds allocable to interest; (v) the aggregate amount of any Principal Prepayment and repurchase proceeds included in the distributions to Certificateholders; (vi) the Class Certificate Principal Balance or the Notional Amount of each Class of Certificates before and after giving effect (i) to all distributions allocable to the distribution of principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such Distribution Date; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for all Advances recovered during the related Due Period; (vii) the Pool Stated Principal Balance for the related Distribution Date; (viii) the amount of the Expense Fees paid to or retained by the Servicer with respect to such Distribution Date and the amount of any expenses and fees paid to or retained by the Master Servicer or Securities Administrator for such Distribution Date, in each case identifying the general purpose of such fees; (ix) the Pass-Through Rate for each such Class of Certificates for with respect to such Distribution Date; (viiix) the amount of Advances included in the distribution on such Distribution Date; (ix) Date and the cumulative aggregate amount of Advances reported by the Servicer (Aand the Master Servicer or the Trustee as successor servicer and any other successor servicer, if applicable) Realized Losses and (B) Applied Realized Loss Amounts to date, in as outstanding as of the aggregate; (x) close of business on the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to Determination Date immediately preceding such Distribution Date, in the aggregate; (xi) the number and aggregate outstanding principal amounts balances of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 as to 60 which the Scheduled Payment is Delinquent 30 to 59 days, (2) 61 60 to 89 days, 90 days and (3) 91 or more days, and (B) in foreclosure such other periods and Delinquent (1) 31 to 60 daysfor such times as required by Regulation AB, (2) 61 to 90 days and that have become REO Property, (3) 91 or more daysthat are in foreclosure, (4) that are in bankruptcy and (5) that have been modified, in each case as of the close of business on the last day Business Day of the calendar month immediately preceding such Distribution Datemonth; (xii) with respect to any Mortgage Loan Loans that became an REO Property Properties during the preceding calendar month, the loan aggregate number and Stated Principal Balance of such Mortgage Loan Loans and the aggregate outstanding principal balance of such Mortgage Loans as of the close of business on the last day of the calendar month Determination Date preceding such Distribution Date and of the date of acquisition thereof, in the aggregateREO Properties; (xiii) the amount of any Class A-1 Carryover Amount for the related Due Period for that Distribution Date; (xiv) the total number and outstanding principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of the calendar month Determination Date preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred the aggregate amount of Realized Losses during the related Due Period and is in effectthe aggregate amount of Realized Losses since the Cut-off Date; (xvi) the amount of any Realized Losses during the related Due Period, if any, allocated to each Class of Certificates; (xvii) with respect to each Class of Certificates, any amount not covered by Compensating Interest Carry Forward Amount with respect to on such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such ClassDate; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) amount of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Subsequent Recoveries for such Distribution Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during at the related Prepayment Period and, for each such Mortgage Loanbeginning and end of the applicable reporting period, the amount of prepayment penalties received during the related Prepayment Period pool factor, and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Dateweighted average remaining term; (xx) [RESERVED]if provided by the Servicer, any material changes to methodology regarding calculations of Delinquencies and charge-offs; (xxi) if provided by the amount and purpose of Servicer, any withdrawal from material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the Collection Account pursuant to Section 3.08(a)(iv)Due Period or that have cumulatively become material over time; (xxii) [RESERVED]if provided by the Servicer, any material breaches of pool asset representations or warranties or transaction covenants; (xxiii) [RESERVED]the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage for such Distribution Date; (xxiv) if provided by the Servicer, and if applicable, information regarding any new issuance of asset-backed securities backed by the same asset pool, any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with a prefunding period and pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable; (xxv) if provided by the Servicer, any material changes in the solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used to originate, acquire or select the new pool assets; (xxvi) LIBOR, the WAC Cap, the Class A-1 WAC Cap, the Class A-1 Net WAC Rate and the Net Swap Payment Rate; (xxvii) the amount of any payments to each Class Net Swap Payments, Net Swap Receipts, Swap Termination Payments or Defaulted Swap Termination Payments; (xxviii) in the aggregate and by modification type, the percentage (by Stated Principal Balance as of Certificates the related Determination Date) and number of Mortgage Loans that were modified during the related Due Period; (xxix) in the aggregate and by modification type, the cumulative percentage (by Cut-off Date Principal Balance) and number of Mortgage Loans modified since the Closing Date; (xxx) the percentage of modified Mortgage Loans that are treated as payments received in respect Delinquent 60 days or more; (xxxi) the delinquency status for all Mortgage Loans modified since the Closing Date; (xxxii) the number of times the Mortgage Loan has been modified; (xxxiii) the date of the most recent modification of a REMIC Regular Interest or REMIC "residual interest" Mortgage Loan; (xxxiv) the number of modifications made during the past 12 months; (xxxv) the percentage of modified Mortgage Loans that are current versus in default; (xxxvi) the modified rate of a modified Mortgage Loan and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"unmodified rate; and (xxvxxxvii) the number and Stated Principal Balance as of the related Determination Date of any Mortgage Loans modified to extend their term to a date later than April 25, 2038. In addition, each Distribution Date, Form 10-D prepared and filed by the amount, if any, to be deposited in the Cap Contract Account Securities Administrator pursuant to Section 8.15 shall include the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid following information with respect to the Offered Certificates as described in Section 4.04(jrelated distribution: (i) hereofmaterial breaches of Mortgage Loan representations and warranties of which the Securities Administrator has knowledge or has received written notice; and (ii) material breaches of any covenants under this Agreement of which the Securities Administrator has knowledge or has received written notice. (b) The Securities Administrator's responsibility for making available the above statement to Certificateholders, each Rating Agency and the Depositor is limited, if applicable, to the availability, timeliness and accuracy of the information derived from the Servicer. The Securities Administrator shall make available the above statement via the Securities Administrator's internet website. The Securities Administrator's website will initially be located at http://www.ctslink.com and assistance in using the website can be obtaixxx xx xxxxxxx xxx Xxxurities Administrator's customer service desk at (866) 846-4526. Parties that are unable to use the website are entitled xx xxxx x xxxer copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator may change the way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. As a condition to access the Securities Administrator's internet website, the Securities Administrator may require registration and the acceptance of a disclaimer. The Securities Administrator will not be liable for the dissemination of information in accordance with this Agreement. The Securities Administrator shall make available to each Analytics Company via the Securities Administrator's internet website each statement to Certificateholders prepared pursuant to this Section 4.05(b). The Securities Administrator and the Servicer shall deliver cooperate in good faith with the Depositor to reconcile any discrepancies in such statements, and the NIM Insurer a copy Securities Administrator shall provide any corrections to such statements to each Analytics Company within ten Business Days of the related Distribution Date, provided that the Securities Administrator shall only be obligated to report to one Analytics Company in any report delivered by the Servicer to the Trusteemonth. (c) Within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall cause to be furnished to the NIM Insurer and 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)(iii), and (a)(iia)(iv) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Securities Administrator pursuant to any requirements of the Code as from time to time in effect. (d) Upon filing with the Internal Revenue ServiceNotwithstanding any other provision of this Agreement, the Trustee Securities Administrator shall furnish comply with all federal withholding requirements respecting payments made or received under the Interest Rate Swap Agreement and distributions to the Holders Certificateholders of the Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iv) The or original issue discount (orthat the Securities Administrator reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. If the Securities Administrator does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, in the case of Securities Administrator shall indicate the Mortgage Loans, market discount) or premium accrued or amortized through the end of such calendar quarter with respect to each Class of regular 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs with respect withheld 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxesCertificateholders. The information pursuant to clauses (i), (ii), (iii) and (iv) above Such amounts shall be provided by the Depositor pursuant deemed to Section 8.12have been distributed to such Certificateholders for all purposes of this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (BCAP LLC Trust 2008-Ind2)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the Master Servicer or Servicer, as applicable, the Trustee Securities Administrator shall prepare and make available on its website located at www.jpmorgan.com/sfr xxx.xxxxxxxx.xxx/xxx to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerTrust Fund, the NIM InsurerMaster Servicer, the Trustee, each Servicer, the Rating Agencies and the Depositor a statement setting forth for the each $1,000 principal amount of Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carry Forward Carryforward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance or Class Notional Amount of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such Distribution Date; (vi) the related amount of the Administrator Fee and Servicing Fee Fees paid to or retained by the Servicer and Securities Administrator or the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodServicers; (vii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate; (xiii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate; (xivxiii) the aggregate Stated Principal Balance of all Liquidated Loans as of the immediately preceding Distribution Date, in the aggregate; (xiv) whether a Trigger Event has occurred; (xv) whether a Stepdown Trigger Event has occurred and is amount on deposit in effectthe Pre-Funding Account; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Carryforward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Carryforward Amount paid for each such Class and any remaining Interest Carry Forward Carryforward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the immediately preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv3.08(a)(v); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; andInterest; (xxvxxiii) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Certificate Account pursuant to the Cap Contract as described in Section 4.04(j5.05(l) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j5.05(l) hereof; and (xxiv) as of each Distribution Date, the Floating Rate Certificate Carryover for each Class of Certificates (other than the Interest Only Certificates and the Class N and Class X Certificates) and the portion of such Floating Rate Certificate Carryover that is attributable to the fact that Applied Realized Loss Amounts are not allocated to the Class A and Class R Certificates. (b) The Servicer shall deliver to the NIM Insurer a copy of any report delivered by the Servicer to the Trustee.[RESERVED]; (c) Within If so requested in writing or as required by applicable law, within a reasonable period of time after the end of each calendar year, the Trustee Securities Administrator shall make available on its website or cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a CertificateholderCertificateholder of record, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 5.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee Securities Administrator pursuant to any requirements of the Code as from time to time in effect. Within a reasonable period of time after the end of each calendar year if requested in writing or required by applicable law, the Securities Administrator will prepare and deliver to each certificateholder of record during the previous calendar year, a statement containing information necessary to enable certificateholders to prepare their tax returns. The Securities Administrator will not be responsible for any errors, omissions or misstatements that may be incorporated in such statement. (d) Upon filing with the Internal Revenue Service, the Trustee Securities Administrator shall furnish to the Holders of the Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R Certificate with respect to the following matters: (i) The : 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; (iii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iiiii) The Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iviii) 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 or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (viv) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (viv) The amount and timing of any non-interest expenses of the REMICs; and (viivi) Any taxes (including penalties and interest) imposed on the REMICs, including, without limitation, taxes on "prohibited transactions," "contributions" or "net income from foreclosure property" or state or local income or franchise taxes. The Securities Administrator shall only be required to provide the information pursuant to clauses (i), (ii), ) and (iii) and (iv) above shall be if such information is provided to the Securities Administrator by the Depositor pursuant to Section 8.12Depositor.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mort Inv Inc Asst Back Certs Ser TMTS 2004 3he)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr to httxx://xxx.xxx.xx.xxx/xxxx xx each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date Servicing Fee and (ii) the allocation of any Applied Realized Loss Amounts Trustee Fee for such Distribution Date; (iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (v) the Pool Stated amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Balance for Prepayments and Liquidation Proceeds included therein; (vi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (vii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (viii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (viix) the related amount Class Certificate Balance of each Class of Certificates before and after giving effect to the Servicing Fee paid to or retained by distribution of principal on the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodDistribution Date; (viix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such the Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xii) as of the last day of the related Due Period: (A) Delinquent the weighted average mortgage rate of the Mortgage Loans, and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xiii) the number and aggregate outstanding balance of the Mortgage Loans as of the end of the preceding calendar month: (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixiv) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixvi) the total number and principal balance of any REO Properties as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such ClassPrincipal Prepayments; (xviii) the number aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and Stated Principal Balance (the aggregate amount of Advances outstanding as of the preceding Distribution Date) close of any Mortgage Loans which were purchased or repurchased during business on the preceding Due Period and since the Cut-off Determination Date; (xix) the number aggregate amount of Mortgage Loans for which prepayment penalties were received Servicing Advances reimbursed during the related Prepayment Period and, for each such Mortgage LoanDue Period, the general source of funds for such reimbursements and the aggregate amount of prepayment penalties received during Servicing Advances outstanding as of the related Prepayment Period and in close of business on the aggregate of such amounts for all such Mortgage Loans since the Cut-off Determination Date; (xx) [RESERVED]the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxi) the amount Deferred Interest, Net Deferred Interest and purpose Net Rate Carryover for each Class of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv)Certificates; (xxii) [RESERVED]Amounts due and received under the Swap Contract and the Corridor Contract for the Distribution Date; (xxiii) [RESERVED];with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delayed Delivery Mortgage Loans; and (xxiv) Prepayment Charges and Late Payment Fees collected, waived, and paid by the amount Servicer. The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of any payments the information derived from the Servicer. By the Reporting Date the Servicer shall provide to each Class of Certificates that are treated as payments received the Trustee in respect of a REMIC Regular Interest or REMIC "residual interest" and electronic form the amount of any payments information needed to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, determine the amount, if any, distributions to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer a copy of any report delivered by the Servicer to the Trustee. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.124.02 and any other information on which the Servicer and the Trustee mutually agree.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Flx5)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies and the Depositor a statement setting forth Servicex xxx xxx Xxxxxxxxx x xxxxxment for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date Servicing Fee and (ii) the allocation of any Applied Realized Loss Amounts Trustee Fee for such Distribution Date; (iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (v) the Pool Stated amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Balance for Prepayments and Liquidation Proceeds included therein; (vi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (vii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (viii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (viix) the related amount Class Certificate Balance of each Class of Certificates before and after giving effect to the Servicing Fee paid to or retained by distribution of principal on the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodDistribution Date; (viix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such the Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xii) as of the last day of the related Due Period: (A) Delinquent the weighted average mortgage rate of the Mortgage Loans, and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xiii) the number and aggregate outstanding balance of the Mortgage Loans in each Loan Group as of the end of the preceding calendar month: (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixiv) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixvi) the total number and principal balance of any REO Properties as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such ClassPrincipal Prepayments; (xviii) the number aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and Stated Principal Balance (the aggregate amount of Advances outstanding as of the preceding close of business on the Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number aggregate amount of Mortgage Loans for which prepayment penalties were received Servicing Advances reimbursed during the related Prepayment Period and, for each such Mortgage LoanDue Period, the general source of funds for such reimbursements and the aggregate amount of prepayment penalties received during Servicing Advances outstanding as of the related Prepayment Period and in close of business on the aggregate of such amounts for all such Mortgage Loans since the Cut-off Distribution Date; (xx) [RESERVED]the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxi) the amount Deferred Interest, Net Deferred Interest and purpose Net Rate Carryover for each Class of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv)Certificates; (xxii) [RESERVED]Amounts due and received under the Cap Contract for the Distribution Date; (xxiii) [RESERVED];with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delayed Delivery Mortgage Loans; and (xxiv) Prepayment Charges collected, waived, and paid by the amount Servicer. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Determination Date the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" other information on which the Servicer and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trusteeform set forth as Schedule IV. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Flx1)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for Distribution Account, Corridor Contract Reserve Funds and Carryover Reserve Funds, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such LIBOR rate applicable for that Distribution Date; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average mortgage rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) the Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) the Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxviii) Prepayment Charges collected, waived, and paid by the Servicer; (xxix) the aggregate Stated Principal Balance of all the Mortgage Loans that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxx) the amount of any payments made by the Cap Counterparty to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the Trust Fund under the Corridor Contracts; (xxxi) the amount of any payments to each Class Net WAC Carryover Amounts from the Carryover Reserve Funds; (xxxii) the Stated Principal Balance of Certificates any Mortgage Loan that are not treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest"3.12; and (xxvxxxiii) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. By each Determination Date the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any other information on which the Servicer and the Trustee mutually agree. On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee. (c) form set forth as Schedule V. Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(vii) and (a)(iia)(viii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDA Mortgage Loan Trust 2006-Ar1)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxx.xxxxxxxx.xxx to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerIssuing Entity, the NIM InsurerServicer, the Trustee, the Rating Agencies Agencies, the Depositor, the Cap Contract Counterparty and the Depositor Swap Counterparty a statement setting forth for the CertificatesCertificates the following information; provided, however, that with respect to any calendar year during which an annual report on Form 10-K is not required to be filed with the Commission on behalf of the Issuing Entity, the information set forth in Items (xxiv) through (xxxii) below are not required to be included in such statement during any calendar year: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penaltiesPrepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carry Forward interest Carryforward Amount for each Class of the Offered Class A, Class M and Class B Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such Distribution Date; (vi) the related amount of the Servicing Fee paid to or retained by the Servicer and any amounts constituting reimbursement or indemnification of the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodServicer or Trustee; (vii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution DateDate or reimbursed during the period; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans in accordance with the OTS methodology for reporting delinquencies; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiv) the aggregate Stated Principal Balance of all loans that became Liquidated Loans as of such Distribution Date calculated as of the preceding Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xixxviii) the number of Mortgage Loans for which prepayment penalties Prepayment Charges were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties Prepayment Charges received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxixix) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv3.08(a)(viii); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxx) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest "regular interest" or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest "regular interest" or REMIC "residual interest"; and; (xxvxxi) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account Issuing Entity pursuant to the related Cap Contract as described in Section 4.04(j4.04(k) and the amount thereof to be paid to the Offered Class A-1 Certificates, the Class A-2 Certificates, the Subordinate Certificates and the Class C Certificates described in Section 4.04(k) hereof; (xxii) as of each Distribution Date, the amount, if any, to be deposited in the Supplemental Interest Trust pursuant to the Swap Agreement as described in Section 4.04(j4.04(l) hereofand the amount thereof to be paid to the Certificates; (xxiii) any Floating Rate Certificate Carryover paid and all Floating Rate Certificate Carryover remaining on each class of the Class A, Class M and Class B Certificates on such Distribution Date; (xxiv) the number of Mortgage Loans with respect to which (i) a reduction in the Mortgage Rate has occurred or (ii) the related borrower's obligation to repay interest on a monthly basis has been suspended or reduced pursuant to the Relief Act or the California Military and Veterans Code, as amended; and the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result of such reductions in the aggregate and with respect to the Group One Mortgage Loans and the Group Two Mortgage Loans; (xxv) with respect to each Class of Certificates, the amount of any Non-Supported Interest Shortfalls on such Distribution Date; (xxvi) the number and amount of pool assets at the beginning and ending of each period, and updated pool composition information; (xxvii) any material changes to methodology regarding calculations of delinquencies and charge-offs; (xxviii) information on the amount of Servicing Advances made or reimbursed during the period; (xxix) any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time; (xxx) material breaches of pool asset representations or warranties or transaction covenants; (xxxi) information on ratio, coverage or other tests used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met; and (xxxii) information regarding any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable. (b) The Servicer Trustee will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Trustee's Internet website. The Trustee's Internet website shall deliver initially be located at "xxx.xxxxxxxx.xxx". Assistance in using the website can be obtained by calling the Trustee at (000) 000-0000. Parties that are unable to use the website are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the NIM Insurer a copy of above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any report delivered such changes. The foregoing information and reports shall be prepared and determined by the Servicer Trustee based on Mortgage Loan data and other information provided to the Trustee by the Servicer, the Special Servicer (as applicable), the Swap Counterparty, the Cap Contract Counterparty or any other third party required to deliver information hereunder. In preparing or furnishing the foregoing information, the Trustee shall be entitled to rely conclusively on the accuracy and completeness of the information or data provided to the Trustee by the Servicer, the Special Servicer (as applicable), the Swap Counterparty, the Cap Contract Counterparty or any other third party required to deliver information and shall have no liability for any errors in any such information. As a condition to access the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. (c) Within If so requested in writing within a reasonable period of time after the end of each calendar year, the Trustee shall make available on its website or cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a CertificateholderCertificateholder of record, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as are from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Trustee shall furnish to the Holders of the Class R Certificate and the NIM Insurer the each Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-Ff1)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the Servicer, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerXxxxicer, the NIM Insurer, the Rating Agencies and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such Distribution Date; (vi) the related amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due Period; (vii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xv) whether a Stepdown Trigger Event or Stepup Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Interest Carryover Amount with respect to such Distribution Date for each such Class, any Floating Rate Certificate Interest Carryover Amount paid for each such Class and any remaining Floating Rate Certificate Interest Carryover Amount for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]reserved; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"Interest; and (xxvxxiii) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer a copy of any report delivered by the Servicer to the Trustee. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Asset Back Certs Ser 2004-Bc2)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeaxx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificates:related distribution of the information contained in Exhibit Q to this Agreement. (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date Servicing Fee and (ii) the allocation of any Applied Realized Loss Amounts Trustee Fee for such Distribution Date; (iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (v) the Pool Stated amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Balance for Prepayments and Liquidation Proceeds included therein; (vi) the amount of the distribution allocable to interest, any Unpaid Interest Amounts included in the distribution and any remaining Unpaid Interest Amounts after giving effect to the distribution; (vii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (viii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (viix) the related amount Class Certificate Balance of each Class of Certificates before and after giving effect to the Servicing Fee paid to or retained by distribution of principal on the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodDistribution Date; (viix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such the Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xii) as of the last day of the related Due Period: (A) Delinquent the weighted average mortgage rate of the Mortgage Loans, and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xiii) the number and aggregate outstanding balance of the Mortgage Loans in each Loan Group as of the end of the preceding calendar month: (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixiv) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate; (xiiixvi) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such ClassPrincipal Prepayments; (xviii) the number aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and Stated Principal Balance (the aggregate amount of Advances outstanding as of the preceding close of business on the Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number aggregate amount of Mortgage Loans for which prepayment penalties were received Servicing Advances reimbursed during the related Prepayment Period and, for each such Mortgage LoanDue Period, the general source of funds for such reimbursements and the aggregate amount of prepayment penalties received during Servicing Advances outstanding as of the related Prepayment Period and in close of business on the aggregate of such amounts for all such Mortgage Loans since the Cut-off Distribution Date; (xx) [RESERVED]the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxi) the amount Senior Prepayment Percentage and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv)Subordinated Prepayment Percentage for such Distribution Date; (xxii) [RESERVED]the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxiii) [RESERVED]with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delayed Delivery Mortgage Loans; (xxiv) Prepayment Charges collected, waived, and paid by the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"Servicer; and (xxv) as for the distribution occurring on the Distribution Date immediately following the end of each the Pre-Funding Period, the balance on deposit in the Pre-Funding Account that has not been used to purchase Subsequent Mortgage Loans and that is being distributed to the Certificateholders on such Distribution Date. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the amount, if any, information derived from the Servicer. By each Determination Date the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A2)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeacx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Xxrvicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for and Supplemental Interest Reserve Fund, as of the beginning and end of the related Due Period; (vii) the Pass-Through Rate for each Class amount of Certificates for such Distribution Date; the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of Advances the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate; (xiii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Class Unpaid Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant Amounts after giving effect to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer a copy of any report delivered by the Servicer to the Trustee. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 Assumptiondistribution; (ii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A15)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxx.xxxxxxxxxxxxxx.xx.xxx to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM InsurerMaster Servicer, the Rating Agencies Ambac and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if any; (ii) the amount of such the distribution to Holders of each Class allocable to interest, together with any Non-Supported Unpaid Interest Shortfalls allocated Shortfall Amounts included in the distribution and any remaining Unpaid Interest Shortfall Amounts after giving effect to each Classthe distribution; (iii) if the distribution to the Holders of any Interest Carry Forward Amount for each Class of Certificates is less than the Offered Certificatesfull amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (iv) the Class Certificate Principal Balance, Component Balance or Notional Amount of each Class of Certificates or Components after giving effect (i) to all distributions allocable to the distribution of principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance and Stated Principal Balance for such each Loan Group for the following Distribution Date; (vi) the related Senior Percentage and Subordinated Percentage for each Loan Group for the following Distribution Date; (vii) for each Loan Group the amount of the Servicing Fee Fees paid to or retained by the Master Servicer or Subservicer (with respect to the Subservicers, in the aggregate) and the amount amounts of investment income earned on funds on deposit in any additional servicing compensation received by the Certificate Account for Master Servicer attributable to penalties, fees, excess Liquidation Proceeds or other similar charges or fees and items with respect to the related Due PeriodDistribution Date; (viiviii) the Pass-Through Rate for each Class of Certificates for such as of the day before the preceding Distribution Date; (viiiix) the Pass-Through Rate for each Class of Certificates, if adjusted from the date of the last monthly statement, expected to be applicable on the next Distribution Date. (x) for each Loan Group the amount of Advances included in the distribution on such the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xi) for each Loan Group the number and aggregate principal amounts of Mortgage Loans (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days, (2) 31 to 60 days, (23) 61 to 90 days days, and (34) 91 or more days, days and (B) in foreclosure and Delinquent delinquent (1) 1 to 30 days, (2) 31 to 60 days, (23) 61 to 90 days days, and (34) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xii) for each Loan Group for each of the preceding 12 calendar months, or all calendar months since the related Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all related Outstanding Mortgage Loans on each of the Due Dates in each such month and (B) delinquent 60 days or more on each of the Due Dates in each such month; (xiii) for each Loan Group with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate; (xiiixiv) for each Loan Group the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effectthe Senior Prepayment Percentage for each Loan Group for the following Distribution Date; (xvi) with respect to for each Class Loan Group the aggregate amount of Certificates, any Interest Carry Forward Amount with respect to Realized Losses incurred during the preceding calendar month and aggregate Realized Losses through such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class;Date; and (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such ClassLoan Group the Special Hazard Loss Coverage Amount, any Floating Rate Certificate Carryover paid for the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each such Class and any remaining Floating Rate Certificate Carryover for each such Classcase as of the related Determination Date; (xviii) with respect to the second Distribution Date, for each Loan Group the number and Stated Principal Balance (as of the preceding Distribution Date) aggregate balance of any Delay Delivery Mortgage Loans which were purchased or repurchased during not delivered within the preceding Due Period and since time periods specified in the Cut-off Date;definition of Delay Delivery Mortgage Loans; and (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage LoanLoan Group 2, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofremaining Prefunded Amount. (b) The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Master Servicer. By each Determination Date the Master Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any other information on which the Master Servicer and the Trustee mutually agree. (c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Master Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trusteeform set forth as Schedule V hereto. (cd) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and 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)(iia)(vii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2002-A12)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxx.xxxxxxxx.xxx to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerIssuing Entity, the NIM InsurerServicer, the Trustee, the Rating Agencies Agencies, the Depositor, the Cap Contract Counterparty and the Depositor Swap Counterparty a statement setting forth for the CertificatesCertificates the following information; provided, however, that with respect to any calendar year during which an annual report on Form 10-K is not required to be filed with the Commission on behalf of the Issuing Entity, the information set forth in Items (xxiv) through (xxxii) below are not required to be included in such statement during any calendar year: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penaltiesPrepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carry Forward Amount for each Class of the Offered Class A, Class M and Class B Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such Distribution Date; (vi) the related amount of the Servicing Fee paid to or retained by the Servicer and any amounts constituting reimbursement or indemnification of the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodServicer or Trustee; (vii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution DateDate or reimbursed during the period; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and days, (3) 91 or 120 days, (4) 121 to 150 days, (5) 151 to 180 days and (6) 181 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and days, (3) 91 or 120 days, (4) 121 to 150 days, (5) 151 to 180 days and (6) 181 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans in accordance with the OTS methodology for reporting delinquencies; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereofDate, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xiv) the aggregate Stated Principal Balance of all loans that became Liquidated Loans as of such Distribution Date calculated as of the preceding Distribution Date, in the aggregateaggregate and with respect to the Group One Mortgage Loans and Group Two Mortgage Loans; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Prepayment Period and since the Cut-off Date; (xixxviii) the number of Mortgage Loans prepaid in full for which prepayment penalties Prepayment Charges were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties Prepayment Charges received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date, and for partial Principal Prepayments, the amount received during the preceding calendar month; (xx) [RESERVED]; (xxixix) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv3.08(a)(viii); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxx) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest "regular interest" or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest "regular interest" or REMIC "residual interest"; and; (xxvxxi) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account Issuing Entity pursuant to the Cap related Corridor Contract as described in Section 4.04(j4.04(k) and the amount thereof to be paid to the Offered Class 1-A Certificates, the Class 2-A Certificates, the Subordinate Certificates and the Class C Certificates described in Section 4.04(k) hereof; (xxii) as of each Distribution Date, the amount, if any, to be deposited in the Supplemental Interest Trust pursuant to the Swap Agreement as described in Section 4.04(j4.04(l) hereofand the amount thereof to be paid to the Certificates; (xxiii) any Floating Rate Certificate Carryover paid and all Floating Rate Certificate Carryover remaining on each class of the Class A, Class M and Class B Certificates on such Distribution Date; (xxiv) the number of Mortgage Loans with respect to which (i) a reduction in the Mortgage Rate has occurred or (ii) the related borrower's obligation to repay interest on a monthly basis has been suspended or reduced pursuant to the Relief Act; and the amount of interest not required to be paid with respect to any such Mortgage Loans during the related Due Period as a result of such reductions in the aggregate and with respect to the Group One Mortgage Loans and the Group Two Mortgage Loans; (xxv) with respect to each Class of Certificates, the amount of any Non-Supported Interest Shortfalls on such Distribution Date; (xxvi) the number and amount of pool assets at the beginning and ending of each period, and updated pool composition information; (xxvii) any material changes to methodology regarding calculations of delinquencies and charge-offs; (xxviii) information on the amount of Servicing Advances made or reimbursed during the period; (xxix) any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time; (xxx) material breaches of pool asset representations or warranties or transaction covenants; (xxxi) information on ratio, coverage or other tests used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met; and (xxxii) information regarding any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as pool asset substitutions and repurchases (and purchase rates, if applicable), and cash flows available for future purchases, such as the balances of any prefunding or revolving accounts, if applicable. (b) The Servicer Trustee will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Trustee's Internet website. The Trustee's Internet website shall deliver initially be located at "xxx.xxxxxxxx.xxx". Assistance in using the website can be obtained by calling the Trustee at (000) 000-0000. Parties that are unable to use the website are entitled to have a paper copy mailed to them via first class mail by calling the above-referenced telephone number and indicating such. The Trustee shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the NIM Insurer a copy of above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any report delivered such changes. The foregoing information and reports shall be prepared and determined by the Servicer Trustee based on Mortgage Loan data and other information provided to the Trustee by the Servicer, the Swap Counterparty, the Cap Contract Counterparty or any other third party required to deliver information hereunder. In preparing or furnishing the foregoing information, the Trustee shall be entitled to rely conclusively on the accuracy of the information or data provided to the Trustee by the Servicer, the Swap Counterparty, the Cap Contract Counterparty or any other third party required to deliver information and shall have no liability for any errors in any such information. As a condition to access the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. (c) Within If so requested in writing within a reasonable period of time after the end of each calendar year, the Trustee shall make available on its website or cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a CertificateholderCertificateholder of record, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as are from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Trustee shall furnish to the Holders of the Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-5)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such Distribution Date[reserved]; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average Mortgage Rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xivxx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Determination Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Determination Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) the Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) the Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Dates; (xxviii) Prepayment Charges collected or waived by the Servicer; (xxix) Late Payment Fees collected or waived by the Servicer; (xxx) the aggregate Stated Principal Balance of all the Mortgage Loans that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off DateDate (in each case immediately prior to the Stated Principal Balance being reduced to zero); (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xxxxxi) [RESERVEDreserved]; (xxixxxii) the amount and purpose Stated Principal Balance of any withdrawal from Mortgage Loan that has been repurchased by the Collection Account pursuant to Servicer in accordance with Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxiii) as the Stated Principal Balance of each Distribution any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. The Trustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By the Reporting Date, the amount, if any, Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac IMJA Mortgage Loan Trust 2007-A3)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee Certificate Administrator shall prepare and make available on its website located at www.jpmorgan.com/sfr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Master Servicers, the Certificate Insurer, the Rating Agencies and Trustee, the Depositor and each Rating Agency a statement setting forth for with respect to the Certificatesrelated distribution: (i) the amount of the related distribution to Holders of each Class thereof allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if any; (ii) the amount of such distribution to Holders of each Class thereof allocable to interest, together with any Non-Supported Class Unpaid Interest Shortfalls allocated Shortfall included in such distribution and any remaining Class Unpaid Interest Shortfall after giving effect to each Classsuch distribution; (iii) any Interest Carry Forward Amount for each if the distribution to the Holders of such Class of Certificates is less than the Offered Certificatesfull 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 Class Certificate Principal Balance of each Class of Certificates after giving effect (i) to all distributions allocable to the distribution of principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such the following Distribution Date; (vi) the related Senior Percentage and Subordinated Percentage for the following Distribution Date; (vii) with respect to such Distribution Date, the amount of the Master Servicing Fees paid to or retained by the Servicing Released Master Servicer, the amount of the Underlying Servicing Fees paid to or retained by the Underlying Servicers with respect to the Servicing Retained Mortgage Loans and the amount of the Certificate Administration Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodAdministrator; (viiviii) the Pass-Through Rate for each such Class of Certificates for with respect to such Distribution Date; (viiiix) (x) the amount of Advances included in the distribution on such Distribution Date; (ix) Date and the cumulative aggregate amount of (A) Realized Losses Advances outstanding as of the close of business on such Distribution Date, and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to Bi-Weekly Interest Shortfall Advances included in the distribution on such Distribution Date, in the aggregate; (xix) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days (2) 31 to 60 days, days (23) 61 to 90 days and (34) 91 or more days, days and (B) in foreclosure and Delinquent delinquent (1) 1 to 30 days (2) 31 to 60 days, days (23) 61 to 90 days and (34) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xiixi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month Determination Date preceding such Distribution Date and the date of acquisition thereof, in the aggregate; (xiiixii) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day of the calendar month Determination Date preceding such Distribution Date, in ; (xiii) the aggregateSenior Prepayment Percentage for the following Distribution Date; (xiv) the aggregate Stated Principal Balance amount of all Liquidated Loans as of Realized Losses incurred during the preceding Distribution Date, in the aggregatecalendar month; (xv) whether a Stepdown Trigger Event has occurred the Fraud Loss Coverage Amount and is the Bankruptcy Loss Coverage Amount, in effecteach case as of the related Determination Date; (xvi) with respect to each Class the second Distribution Date, the number and aggregate balance of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class;Delay Delivery Mortgage Loans not delivered within thirty days after the Closing Date; and (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each made by the Certificate Insurer under the Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" 3-A-2 Policy for such Distribution Date and the amount of any all unreimbursed payments made by the Certificate Insurer from prior Distribution Dates to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account Certificate Insurer pursuant to the Cap Contract as described provisions of this Agreement The Certificate Administrator will make available each month, to any interested party, the monthly statement to Certificateholders via the Certificate Administrator's website. The Certificate Administrator's internet website will be located at "www.ctslink.com." Assistance in Section 4.04(juxxxx xxx xxxxxxet website can be obtained by calling the Certificate Administrator's customer service desk at (301) 815-6600. Parties that are xxxxxx xx xxx the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Certificate Administrator shall have the right to change the way monthly statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the amount thereof Certificate Administrator shall provide timely and adequate notification to be paid to the Offered Certificates as described in Section 4.04(j) hereofall parties regarding any such changes. (b) The Certificate Administrator's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information provided by the Servicing Released Master Servicer and the Underlying Servicers. (c) On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the fourth Business Day prior to the related Distribution Date), the Servicing Released Master Servicer shall deliver to the NIM Insurer Certificate Administrator (which delivery may be by electronic data transmission) a copy report in substantially the form set forth as Schedule V hereto. In addition, in the event that Wells Fargo no longer serves as Cxxxxxicate Administrator and Servicing Retained Master Servicer, on or before the Business Day prior the end of any report delivered by each Prepayment Period (but in no event later than the Servicer third Business Day prior to the Trusteerelated Distribution Date), the Servicing Retained Master Servicer shall deliver to the Certificate Administrator (which delivery may be by electronic data transmission) a report in substantially the form set forth as Schedule V hereto. (cd) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and 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)(iia)(vii) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Cwabs Inc Mortgage Pass Through Trust 2001-J1)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based solely on information provided by the Servicer, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the xx xxx Xxxxx Xxxx, xxx Xxxvicer, the NIM InsurerXxxxicer, the Rating Agencies and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penaltiesPrepayment Charges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carry Forward Carryforward Amount for each Class of the Offered Class A, Class M and Class B Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such Distribution Date; (vi) the related amount of the Servicing Fee paid to or retained by the Servicer, and any amounts constituting reimbursement or indemnification of the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due Periodor Trustee; (vii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate; (xiii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate; (xivxiii) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xiv) whether a Trigger Event has occurred; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xviixvi) with respect to each Class Certificates of Certificates, any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviiixvii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xixxviii) the number of Mortgage Loans for which prepayment penalties Prepayment Charges were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties Prepayment Charges received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xxxix) [RESERVED]Reserved; (xxixx) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv3.08(a)(v);; and (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxi) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereof. (b) The Servicer Trustee will make the Monthly Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, other parties to this Agreement and any other interested parties via the Trustee's Internet website. The Trustee's Internet website shall deliver initially be located at https://www.tss.db.com/invr. Assistance in using the website can be obxxxxxx xx xxxxxxx xxx Xxxxxee's customer service desk at (800) 735-7777. Parties that are unable to use the website are entitlex xx xxxx x xxper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the NIM Insurer a copy above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any report delivered information provided by third parties for purposes of preparing the Servicer monthly 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 Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. (c) Within If so requested in writing within a reasonable period of time after the end of each calendar year, the Trustee shall make available on its website or cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a CertificateholderCertificateholder of record, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Code as are from time to time in effect. (d) Upon filing with the Internal Revenue Service, the Trustee shall furnish to the Holders of the Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly and, if necessary, with the cooperation of the Servicer, to written requests made not more frequently than quarterly by any Holder of Class R 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; (iii) The projected remaining principal and interest cash flows as of the end of any calendar quarter with respect to each Class of regular and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iiiii) The Prepayment Assumption and any interest rate assumptions used in determining the projected principal and interest cash flows described above; (iviii) 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 or residual interests created hereunder and to the Mortgage Loans, together with each constant yield to maturity used in computing the same; (viv) The treatment of losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs with respect to such regular interests or bad debt deductions claimed with respect to the Mortgage Loans; (viv) The amount and timing of any non-interest expenses of the REMICs; and (viivi) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2005-Nca)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeacx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Xxrvicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date Servicing Fee and (ii) the allocation of any Applied Realized Loss Amounts Trustee Fee for such Distribution Date; (iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (v) the Pool Stated amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Balance for Prepayments and Liquidation Proceeds included therein; (vi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (vii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (viii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (viix) the related amount Class Certificate Balance of each Class of Certificates before and after giving effect to the Servicing Fee paid to or retained by distribution of principal on the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodDistribution Date; (viix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such the Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xii) as of the last day of the related Due Period: (A) Delinquent the weighted average mortgage rate of the Mortgage Loans, and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xiii) the number and aggregate outstanding balance of the Mortgage Loans as of the end of the preceding calendar month: (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixiv) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixvi) the total number and principal balance of any REO Properties as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such ClassPrincipal Prepayments; (xviii) the number aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and Stated Principal Balance (the aggregate amount of Advances outstanding as of the preceding close of business on the Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number aggregate amount of Mortgage Loans for which prepayment penalties were received Servicing Advances reimbursed during the related Prepayment Period and, for each such Mortgage LoanDue Period, the general source of funds for such reimbursements and the aggregate amount of prepayment penalties received during Servicing Advances outstanding as of the related Prepayment Period and in close of business on the aggregate of such amounts for all such Mortgage Loans since the Cut-off Distribution Date; (xx) [RESERVED]the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxi) the amount Deferred Interest, Net Deferred Interest and purpose Net Rate Carryover for each Class of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv)Certificates; (xxii) [RESERVED]Amounts due and received under the Swap Contract for the Distribution Date; (xxiii) [RESERVED];with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delayed Delivery Mortgage Loans; and (xxiv) Prepayment Charges collected, waived, and paid by the amount Servicer. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Determination Date the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" other information on which the Servicer and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trusteeform set forth as Schedule IV. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Flx1)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxxeaxx Xxxxxxxxxxxxxxxxx, xxx Xxxvicer, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of the related distribution to Holders of each Class allocable to principalapplicable Record Dates, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Interest Accrual Periods and Determination Dates for calculating distributions for such Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of funds received from the Servicer for such Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) any Interest Carry Forward Amount for each Class of the Offered Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date Servicing Fee and (ii) the allocation of any Applied Realized Loss Amounts Trustee Fee for such Distribution Date; (iv) the aggregate amount of expenses paid from amounts on deposit in (x) the Certificate Account and (y) the Distribution Account; (v) the Pool Stated amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Balance for Prepayments and Liquidation Proceeds included therein; (vi) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (vii) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (viii) the aggregate amount of Realized Losses and in the aggregate incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through such Distribution Date; (viix) the related amount Class Certificate Balance of each Class of Certificates before and after giving effect to the Servicing Fee paid to or retained by distribution of principal on the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due PeriodDistribution Date; (viix) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such the Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xii) as of the last day of the related Due Period: (A) Delinquent the weighted average mortgage rate of the Mortgage Loans, and (B) the weighted average remaining term to maturity of the Mortgage Loans; (xiii) the number and aggregate outstanding balance of the Mortgage Loans as of the end of the preceding calendar month: (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixiv) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in such month and (B) delinquent sixty (60) days or more (determined in the same manner as for determining Scheduled Payment delinquencies that result in a Mortgage Loan being a 60+ Day Delinquent Loan) on the Due Date in such month; (xv) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixvi) the total number and principal balance of any REO Properties as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such ClassPrincipal Prepayments; (xviii) the number aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and Stated Principal Balance (the aggregate amount of Advances outstanding as of the preceding close of business on the Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number aggregate amount of Mortgage Loans for which prepayment penalties were received Servicing Advances reimbursed during the related Prepayment Period and, for each such Mortgage LoanDue Period, the general source of funds for such reimbursements and the aggregate amount of prepayment penalties received during Servicing Advances outstanding as of the related Prepayment Period and in close of business on the aggregate of such amounts for all such Mortgage Loans since the Cut-off Distribution Date; (xx) [RESERVED]the aggregate number and outstanding principal balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxi) the amount Deferred Interest, Net Deferred Interest and purpose Rate Carryover for each Class of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv)Certificates; (xxii) [RESERVED]Amounts due and received under the Swap Contract for the Distribution Date; (xxiii) [RESERVED];with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the definition of Delayed Delivery Mortgage Loans; and (xxiv) Prepayment Charges collected, waived, and paid by the amount Servicer. The Trustee's responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. By each Determination Date the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.02 and any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" other information on which the Servicer and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trusteeform set forth as Schedule IV. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Flx2)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the Servicer, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxx.xxxxxxxx.xxx/xxx to each Holder of a Class of Certificates of the Xxxxx XxxxTrust Fund, xxx Xxxvicerthe Servicer, the NIM Insurer, the Rating Agencies and the Depositor a statement setting forth for the Certificates: (i) the amount of the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penaltiescharges, if any; (ii) the amount of such distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Class; (iii) any Interest Carry Forward Amount for each Class of the Offered Class A, Class R, Class M and Class B Certificates; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such Distribution Date; (vi) the related amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Account for the related Due Period; (vii) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (viii) the amount of Advances included in the distribution on such Distribution Date; (ix) the cumulative amount of (A) Realized Losses and (B) Applied Realized Loss Amounts to date, in the aggregate; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xi) the number and aggregate principal amounts of Mortgage Loans (A) Delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 or more days, and (B) in foreclosure and Delinquent (1) 31 to 60 days, (2) 61 to 90 days and (3) 91 76 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such Mortgage Loan as of the close of business on the last day of the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregate; (xiii) the total number and principal balance of any REO Properties as of the close of business on the last day of the calendar month preceding such Distribution Date, in the aggregate; (xiv) the aggregate Stated Principal Balance of all Liquidated Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period and since the Cut-off Date; (xix) the number of Mortgage Loans for which prepayment penalties charges were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties charges received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant to Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"; and (xxv) as of each Distribution Date, the amount, if any, to be deposited in the Cap Contract Account pursuant to the Cap Contract as described in Section 4.04(j) and the amount thereof to be paid to the Offered Class A, Class R, Class M and Class B Certificates as described in Section 4.04(j) hereof. (b) The Servicer shall deliver to the NIM Insurer a copy of any report delivered by the Servicer to the Trustee. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(i) and (a)(ii) of this Section 4.05 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors, Inc. Surf Asset-Backed Certificates Series 2005-Ab1)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr https://www.tss.db.com/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies and the Depositor a Serxxxxx xxx xxx Xxxxxxxxx x statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for and Supplemental Interest Reserve Fund, as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such LIBOR rate applicable for that Distribution Date; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans and the Pool Stated Principal Balance as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average mortgage rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day Determination Date preceding the Distribution Date; (xx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the calendar month preceding close of business on the Distribution Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxviii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the aggregatedefinition of Delayed Delivery Mortgage Loans; (xivxxix) Prepayment Charges collected, waived, and paid by the Servicer; (xxx) the aggregate Stated Principal Balance of all the Mortgage Loans that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off Date; Date (xix) in each case immediately prior to the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xx) [RESERVED]; (xxi) the amount and purpose of any withdrawal from the Collection Account pursuant Stated Principal Balance being reduced to Section 3.08(a)(ivzero); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxivxxxi) the amount of any payments made by the Cap Counterparty to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest" and the amount Trust Fund under the Corridor Contract; (xxxii) the Stated Principal Balance of any payments to each Class of Certificates Mortgage Loan that are not treated as payments received has been repurchased by the Servicer in respect of a REMIC Regular Interest accordance with Section 2.02, 2.03 or REMIC "residual interest"3.12; and (xxvxxxiii) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03.By each Distribution Date, Determination Date the amount, if any, Servicer shall provide to txx Xxxxtee in electronic form the information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid to the Offered Certificates as described in Section 4.04(j) hereofTrustee mutually agree. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2006-A9cb)

Monthly Statements to Certificateholders. (a) Not later than each Distribution Date based on information provided by the ServicerDate, the Trustee shall prepare and make available on its website located at www.jpmorgan.com/sfr xxxxx://xxx.xxx.xx.xxx/invr to each Holder of a Class of Certificates of the Xxxxx Xxxx, xxx XxxvicerCertificateholder, the NIM Insurer, the Rating Agencies Servicer and the Depositor a statement setting forth for the Certificatesrelated distribution of: (i) the amount of applicable Record Dates, Interest Accrual Periods and Determination Dates for calculating distributions for the related distribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein, (C) the Extra Principal Distribution Amount, if any, and (D) the aggregate amount of prepayment penalties, if anyDate; (ii) the amount of such funds received from the Servicer for the Distribution Date separately identifying amounts received in respect of the Mortgage Loans and the amount of Advances included in the distribution to Holders of each Class allocable to interest, together with any Non-Supported Interest Shortfalls allocated to each Classon the Distribution Date; (iii) the Servicing Fee and the amounts of any Interest Carry Forward Amount additional servicing compensation received by the Servicer attributable to penalties, fees, Excess Proceeds or other similar charges or fees and items with respect to the Distribution Date, and, with respect to Lender PMI Loans, the interest premium charged the related borrower for each Class of the Offered Certificatesprimary mortgage guaranty insurance; (iv) the Class Certificate Principal Balance of each Class after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) Trustee Fee for the allocation of any Applied Realized Loss Amounts for such Distribution Date; (v) the Pool Stated Principal Balance for such aggregate amount of expenses paid from amounts on deposit in the Distribution DateAccount; (vi) the related aggregate amount of the Servicing Fee paid to or retained by the Servicer and the amount of investment income earned on funds on deposit in the Certificate Distribution Account for as of the beginning and end of the related Due Period; (vii) the amount of the distribution allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (viii) the amount of the distribution allocable to interest, any Class Unpaid Interest Amounts included in the distribution and any remaining Class Unpaid Interest Amounts after giving effect to the distribution; (ix) if the distribution to the Holders of any Class of Certificates is less than the full amount that would be distributable to them if sufficient funds were available, the amount of the shortfall and the allocation of the shortfall between principal and interest; (x) the aggregate amount of Realized Losses incurred and Subsequent Recoveries, if any, received during the preceding calendar month and aggregate Realized Losses through the Distribution Date; (xi) the Class Certificate Balance or Notional Amount of each Class of Certificates before and after giving effect to the distribution of principal on the Distribution Date; (xii) the Pass-Through Rate for each Class of Certificates for such with respect to the Distribution Date; (viiixiii) the amount of Advances included in the distribution on such LIBOR rate applicable for that Distribution Date; (ixxiv) the cumulative amount number of Mortgage Loans and the aggregate Stated Principal Balance of the Mortgage Loans as the first day of the related Due Period and the last day of the related Due Period; (xv) as of the last day of the related Due Period: (A) Realized Losses and the weighted average Mortgage Rate of the Mortgage Loans, and (B) Applied Realized Loss Amounts the weighted average remaining term to date, in maturity of the aggregateMortgage Loans; (x) the amount of (A) Realized Losses and (B) Applied Realized Loss Amounts with respect to such Distribution Date, in the aggregate; (xixvi) the number and aggregate principal amounts outstanding Stated Principal Balance of the Mortgage Loans as of the end of the preceding calendar month: (A) Delinquent delinquent (exclusive of Mortgage Loans in foreclosure) (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, and days and (B) in foreclosure and Delinquent delinquent (1) 31 30 to 60 59 days, (2) 61 60 to 90 89 days and (3) 91 90 or more days, in each case as of the close of business on the last day of the calendar month preceding such the Distribution Date; (xiixvii) for each of the preceding 12 calendar months, or all calendar months since the Cut-off Date, whichever is less, the aggregate dollar amount of the Scheduled Payments (A) due on all Outstanding Mortgage Loans on the Due Date in each such month and (B) delinquent sixty (60) days or more on the Due Date in each such month; (xviii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Stated Principal Balance of such the Mortgage Loan as of the close of business on the last day of Determination Date preceding the calendar month preceding such Distribution Date and the date of acquisition thereof, in the aggregateDate; (xiiixix) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the last day Determination Date preceding the Distribution Date; (xx) the aggregate amount of Principal Prepayments received during the related Prepayment Period and the number of Mortgage Loans subject to such Principal Prepayments; (xxi) the amount of Advances included in the distribution on the Distribution Date and the aggregate amount of Advances outstanding as of the calendar month preceding close of business on the Distribution Date; (xxii) the aggregate amount of Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Advances outstanding as of the close of business on the Distribution Date; (xxiii) the aggregate amount of Servicing Advances reimbursed during the related Due Period, the general source of funds for such reimbursements and the aggregate amount of Servicing Advances outstanding as of the close of business on the Distribution Date; (xxiv) the aggregate number and outstanding Stated Principal Balance of Mortgage Loans repurchased during the related Due Period due to material breaches of representations and warranties regarding such Mortgage Loans; (xxv) each Senior Prepayment Percentage and Subordinated Prepayment Percentage for the Distribution Date; (xxvi) each Senior Percentage and Subordinated Percentage for the Distribution Date; (xxvii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; (xxviii) with respect to the second Distribution Date, the number and aggregate balance of any Delayed Delivery Mortgage Loans not delivered within the time periods specified in the aggregatedefinition of Delayed Delivery Mortgage Loans; (xivxxix) Prepayment Charges collected, waived, and paid by the Servicer; (xxx) the aggregate Stated Principal Balance of all the Mortgage Loans that became Liquidated Mortgage Loans as of the preceding Distribution Date, in the aggregate; (xv) whether a Stepdown Trigger Event has occurred and is in effect; (xvi) with respect to each Class of Certificates, any Interest Carry Forward Amount with respect to such Distribution Date for each such Class, any Interest Carry Forward Amount paid for each such Class and any remaining Interest Carry Forward Amount for each such Class; (xvii) with respect to each Class Certificates any Floating Rate Certificate Carryover with respect to such Distribution Date for each such Class, any Floating Rate Certificate Carryover paid for each such Class and any remaining Floating Rate Certificate Carryover for each such Class; (xviii) the number and Stated Principal Balance (as of the preceding Distribution Date) of any Mortgage Loans which were purchased or repurchased during the preceding Due Period prior month and since the Cut-off DateDate (in each case immediately prior to the Stated Principal Balance being reduced to zero); (xix) the number of Mortgage Loans for which prepayment penalties were received during the related Prepayment Period and, for each such Mortgage Loan, the amount of prepayment penalties received during the related Prepayment Period and in the aggregate of such amounts for all such Mortgage Loans since the Cut-off Date; (xxxxxi) [RESERVEDreserved]; (xxixxxii) the amount and purpose Stated Principal Balance of any withdrawal from Mortgage Loan that has been repurchased by the Collection Account pursuant to Servicer in accordance with Section 3.08(a)(iv); (xxii) [RESERVED]; (xxiii) [RESERVED]; (xxiv) the amount of any payments to each Class of Certificates that are treated as payments received in respect of a REMIC Regular Interest 2.02, 2.03 or REMIC "residual interest" and the amount of any payments to each Class of Certificates that are not treated as payments received in respect of a REMIC Regular Interest or REMIC "residual interest"3.12; and (xxvxxxiii) as the Stated Principal Balance of any Substitute Mortgage Loan provided by the Seller and the Stated Principal Balance of any Mortgage Loan that has been replaced by a Substitute Mortgage Loan in accordance with Section 2.03. By each Distribution Determination Date, the amount, if any, Servicer shall provide the Trustee in electronic form information needed to determine the distributions to be deposited in the Cap Contract Account made pursuant to Section 4.02 and any other information on which the Cap Contract as described in Section 4.04(j) Servicer and the amount thereof to be paid Trustee mutually agree. The Trustee's responsibility for disbursing the above information to the Offered Certificates as described in Section 4.04(j) hereofCertificateholders is limited to the availability, timeliness and accuracy of the information derived from the Servicer. (b) The On or before the fifth Business Day following the end of each Prepayment Period (but in no event later than the third Business Day prior to the related Distribution Date), the Servicer shall deliver to the NIM Insurer Trustee (which delivery may be by electronic data transmission) a copy of any report delivered by in substantially the Servicer to the Trustee.form set forth as Schedule V. (c) Within a reasonable period of time after the end of each calendar year, the Trustee shall cause to be furnished to the NIM Insurer and each Person who at any time during the calendar year was a Certificateholder, a statement containing the information set forth in clauses (a)(ia)(v) and (a)(iia)(vi) of this Section 4.05 4.06 aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the 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 Class R Certificate and the NIM Insurer the Form 1066 and each Form 1066Q and shall respond promptly to written requests made not more frequently than quarterly by any Holder of Class R 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 and residual interests created hereunder and the Mortgage Loans, based on the Prepayment Assumption; (iii) The 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 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 losses realized with respect to the Mortgage Loans or the regular interests created hereunder, including the timing and amount of any cancellation of indebtedness income of the REMICs 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 the REMICs; and (vii) Any taxes (including penalties and interest) imposed on the REMICs, 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 8.12.

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Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2007-A3)