Common use of Payment Date Statement; Bond Summary File; Reference Pool Disclosure File; Reconciliation Process; Requests from Noteholder Clause in Contracts

Payment Date Statement; Bond Summary File; Reference Pool Disclosure File; Reconciliation Process; Requests from Noteholder. As soon as practicable after the principal and interest payments are determined for the Notes, and in no event less than five (5) Business Days prior to the applicable Payment Date, the Global Agent shall forward to the Issuer at xxx_xxxxxxxxxx_xxxxxxx@xxxxxxxxxx.xxx, the Payment Date Statement, which shall be substantially in the form of Exhibit H hereto or as mutually agreed upon by the Issuer and the Global Agent, and a bond summary file, which shall be in the form mutually agreed upon by the Issuer and the Global Agent. The Issuer and Global Agent shall reconcile each payment amount no later than two (2) Business Days prior to a Payment Date. The reconciliation method shall be an agreed upon method between Issuer’s and the Global Agent’s respective operations groups. The Global Agent shall prepare and make the Payment Date Statement (and, at its option, any additional files containing the same information in an alternative format) and the Reference Pool disclosure file for each Payment Date available on such Payment Date to Holders that provide appropriate certification in the form acceptable to the Global Agent (which may be submitted electronically via the Global Agent’s Internet site), to the Operating Advisor and to any designee of Xxxxxxx Mac via the Global Agent’s Internet site. The Global Agent’s Internet site initially is located at “xxx.xxxxxx.xxx/xxx”. Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk at (000) 000-0000 and indicating such. The Global Agent may change the way the Global Agent’s Payment Date Statement is distributed in order to make such distribution more convenient or more accessible to such persons or entities. The Global Agent shall provide timely and adequate notification to all above parties regarding any such changes. The Global Agent will not be liable for the dissemination of information in accordance with this Agreement. The Global Agent is entitled to rely on but will not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Payment Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). In the event that a Noteholder or the Operating Advisor requests property financial statements and/or property inspection reports for the Reference Obligations from Xxxxxxx Mac, Xxxxxxx Mac shall deliver to the Noteholder or the Operating Advisor, as applicable, such statements for a Reference Obligation only if they are made available to Xxxxxxx Mac by the related borrower and/or the related servicer as part of Xxxxxxx Mac’s standard multifamily reporting requirements and servicing practices. Xxxxxxx Mac shall not provide such financial statements more frequently than quarterly. Such delivery shall be in a form mutually agreed upon by the Noteholder or the Operating Advisor, as applicable, that made the request and Xxxxxxx Mac. Xxxxxxx Mac shall promptly send to the Holders of the Notes a copy of (i) each Asset Status Report, (ii) all Additional Requested Materials required to be delivered to Operating Advisor, and (iii) the Operating Advisor Loan Report following receipt from the Operating Advisor.

Payment Date Statement; Bond Summary File; Reference Pool Disclosure File; Reconciliation Process; Requests from Noteholder. As soon as practicable after the principal and interest payments are determined for the Notes, and in no event less than five (5) Business Days prior to the applicable Payment Date, the Global Agent shall forward to the Issuer at xxx_xxxxxxxxxx_xxxxxxx@xxxxxxxxxx.xxx, the Payment Date Statement, which shall be substantially in the form of Exhibit H hereto or as mutually agreed upon by the Issuer and the Global Agent, and a bond summary file, which shall be in the form mutually agreed upon by the Issuer and the Global Agent. The Issuer and Global Agent shall reconcile each payment amount no later than two (2) Business Days prior to a Payment Date. The reconciliation method shall be an agreed upon method between Issuer’s and the Global Agent’s respective operations groups. The Global Agent shall prepare and make the Payment Date Statement (and, at its option, any additional files containing the same information in an alternative format) and the Reference Pool disclosure file for each Payment Date available on such Payment Date to Holders that provide appropriate certification in the form acceptable to the Global Agent (which may be submitted electronically via the Global Agent’s Internet site), to the Operating Advisor and to any designee of Xxxxxxx Freddie Mac via the Global Agent’s Internet site. The Global Agent’s Internet site initially is located at “xxx.xxxxxx.xxx/xxx”. Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk at (000) 000-0000 and indicating such. The Global Agent may change the way the Global Agent’s Payment Date Statement is distributed in order to make such distribution more convenient or more accessible to such persons or entities. The Global Agent shall provide timely and adequate notification to all above parties regarding any such changes. The Global Agent will not be liable for the dissemination of information in accordance with this Agreement. The Global Agent is entitled to rely on but will not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Payment Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). In the event that a Noteholder or the Operating Advisor requests property financial statements and/or property inspection reports for the Reference Obligations from Xxxxxxx Freddie Mac, Xxxxxxx Freddie Mac shall deliver to the Noteholder or the Operating Advisor, as applicable, such statements for a Reference Obligation only if they are made available to Xxxxxxx Freddie Mac by the related borrower and/or the related servicer as part of Xxxxxxx Freddie Mac’s standard multifamily reporting requirements and servicing practices. Xxxxxxx Freddie Mac shall not provide such financial statements more frequently than quarterly. Such delivery shall be in a form mutually agreed upon by the Noteholder or the Operating Advisor, as applicable, that made the request and Xxxxxxx Freddie Mac. Xxxxxxx Freddie Mac shall promptly send to the Holders of the Notes a copy of (i) each Asset Status Report, (ii) all Additional Requested Materials required to be delivered to Operating Advisor, and (iii) the Operating Advisor Loan Report following receipt from the Operating Advisor.