Common use of Remittance Reports and Other Reports Clause in Contracts

Remittance Reports and Other Reports. (a) The Subservicer shall prepare and submit to the applicable Investors in a timely manner all reports required in accordance with applicable Investor Guidelines and cause such reports to be accessible through the reporting website portal for electronic data and reports. (b) Not later than the Reporting Date with respect to each month, the Subservicer shall furnish to the Owner/Servicer or its designee, with respect to the preceding month, a monthly collection report and a monthly trial balance report that provides a trial balance as of the last day of the month preceding the month in which the applicable Servicing Rights Remittance Date occurs and such other reports as may be mutually agreed upon by the Subservicer and the Owner/Servicer, in each case in an electronic format agreed upon by the Subservicer and the Owner/Servicer. (c) The Subservicer shall provide the Owner/Servicer or its designee with access to its reporting website portal for electronic data and reports to allow the Owner/Servicer to monitor the Mortgage Loans. Through such website portal, the Owner/Servicer shall be provided with access on demand to certain reports and data referenced in this Agreement. (d) Subservicer shall provide the Standard Reports to the Owner/Servicer at no additional cost no less frequently than monthly, by the standard date(s) for availability of such reports under the MSP system, as applicable. The Standard Reports shall be delivered to the Owner/Servicer via the Subservicer’s SFTP site. Subject to execution of a mutually agreed SOW as set forth in Section 2.07 if requested by Subservicer, the Subservicer shall provide special reports, data files, or related services to the Owner/Servicer, the Investor or any third party not otherwise provided for in this Agreement. The Subservicer shall thereupon xxxx the Owner/Servicer for such reports, data files or related services in accordance with the Pricing Schedule or in accordance with the SOW, and same shall be paid within ten (10) Business Days following receipt by the Owner/Servicer.

Remittance Reports and Other Reports. to the Trustee; P&I Advances; Payments in Respect of Prepayment Interest Shortfalls. (a) The Subservicer On the Servicer Reporting Date, the Servicer shall prepare and submit deliver to the applicable Investors in Trustee and the Originator by telecopy (or by such other means as the Servicer, the Trustee, the Originator may agree from time to time) a timely manner all reports required in accordance Remittance Report with applicable Investor Guidelines and cause such reports respect to the related Distribution Date. Such Remittance Report shall include (i) the amount of P&I Advances to be accessible through made by the reporting website portal Servicer in respect of the related Distribution Date, the aggregate amount of P&I Advances outstanding after giving effect to such P&I Advances, and the aggregate amount of Nonrecoverable Advances in respect of such Distribution Date and (ii) such other information with respect to the Mortgage Loans as the Trustee may reasonably require to perform the calculations necessary to make the distributions contemplated by Section 4.01 and to prepare the statements to Certificateholders contemplated by Section 4.02. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer. The Servicer, within fifteen days after a request from either the Trustee, the Depositor or the Originator, shall forward a statement prepared by the Servicer setting forth the status of the Collection Account as of the close of business of any prior Distribution Date, showing, for electronic data the period covered by such statement information regarding the Collection Account that is mutually agreed upon by the Servicer and reports. the Trustee, the Depositor or the Originator, as applicable. Copies of such statement shall be provided by the Trustee to any Certificateholder or the Certificate Owner and to any Person identified to the Trustee as a prospective transferee of a Certificate, upon request (b) Not later than and the Reporting Date with Trustee shall promptly request such report from the Servicer upon receipt of such request), at the expense of the requesting party, provided such statement is delivered by the Servicer to the Trustee. The Servicer shall furnish to the Trustee monthly information reports on a loan level, as of the related Determination Date, to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, the Subservicer corresponding monthly information reports on a loan level (in electronic format) shall furnish be received by the Trustee no later than the related Determination Date, which reports shall contain the following: (i) with respect to each Monthly Payment, the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the date of such prepayment, and any Prepayment Charges); (ii) with respect to each Monthly Payment, the amount of such remittance allocable to interest; (iii) the amount of servicing compensation received by the Servicer during the prior distribution period; (iv) the individual and aggregate Stated Principal Balance of the Mortgage Loans; (v) the aggregate expenses reimbursed to the Owner/Servicer during the prior distribution period pursuant to Section 3.05; and (vi) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 31 to 59 days, (2) 60 to 89 days, (3) 90-119 days, (4) 120 or more days; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired. (b) The amount of P&I Advances to be made by the Servicer for any Distribution Date shall equal, subject to Section 4.03(d), the sum of (i) the aggregate amount of Monthly Payments (with each interest portion thereof net of the related Servicing Fee), due on the related Due Date in respect of the Mortgage Loans (other than with respect to any Balloon Loan with a delinquent Balloon Payment as described in clause (iii) below), which Monthly Payments were delinquent as of the close of business on the related Determination Date, (ii) with respect to each second-lien Mortgage Loan and REO Property (other than with respect to any REO Property relating to a Balloon Loan with a Delinquent Balloon Payment as described in clause (iv) below), which REO Property was acquired during or prior to the related Prepayment Period and as to which such REO Property an REO Disposition did not occur during the related Prepayment Period, an amount equal to the interest portion of the related Monthly Payment net of the related Servicing Fee, (iii) with respect to each Balloon Loan with a delinquent Balloon Payment, an amount equal to the assumed monthly principal and interest payment (with each interest portion thereof net of the related Servicing Fee) that would have been due on the related Due Date based on the principal amortization schedule for such Balloon Loan assuming such Mortgage Loan was not a Balloon Loan, and (iv) with respect to each REO Property relating to a Balloon Loan with a delinquent Balloon Payment, which REO Property was acquired during or prior to the related Prepayment Period and as to which REO Property an REO Disposition did not occur during the related Prepayment Period, an amount equal to the excess, if any, of the assumed monthly principal and interest payment (with each interest portion thereof net of the related Servicing Fee) that would have been due on the related Due Date based on the principal amortization schedule for the related Balloon Loan assuming such Mortgage Loan was not a Balloon Loan, over the net income from such REO Property transferred to the Distribution Account pursuant to Section 3.13 for distribution on such Distribution Date. On or before ____ New York time on the Servicer Remittance Date, the Servicer shall remit in immediately available funds to the Trustee for deposit in the Distribution Account an amount equal to the aggregate amount of P&I Advances, if any, to be made in respect of the Mortgage Loans and REO Properties for the related Distribution Date either (i) from its designeeown funds, (ii) from the Collection Account, to the extent of funds held therein for future distribution (in which case, it shall cause to be made an appropriate entry in the records of the Collection Account that amounts held for future distribution have been, as permitted by this Section 4.03, used by the Servicer in discharge of any such P&I Advance) or (iii) in the form of any combination of (i) and (ii) aggregating the total amount of P&I Advances to be made by the Servicer with respect to the Mortgage Loans and REO Properties. Any amounts held for future distribution used by the Servicer to make a P&I Advance as permitted in the preceding month, a monthly collection report sentence or withdrawn by the Servicer as permitted in Section 3.05(a)(vii) in reimbursement of P&I Advances previously made shall be appropriately reflected in the Servicer's records and a monthly trial balance report that provides a trial balance as of replaced by the last day of Servicer by deposit in the month preceding the month in which the applicable Servicing Rights Collection Account on or before any future Servicer Remittance Date occurs to the extent that the Available Distribution Amount for the related Distribution Date (determined without regard to P&I Advances to be made on the Servicer Remittance Date) shall be less than the total amount that would be distributed to the Classes of Certificateholders pursuant to Section 4.01 on such Distribution Date if such amounts held for future distributions had not been so used to make P&I Advances. The Trustee shall provide notice to the Servicer, the Depositor and such other reports as may be mutually agreed upon the Originator by telecopy by the Subservicer and close of business on any Servicer Remittance Date in the Owner/Servicer, in each case in an electronic format agreed upon event that the amount remitted by the Subservicer and Servicer to the Owner/ServicerTrustee on such date is less than the P&I Advances required to be made by the Servicer for the related Distribution Date. (c) The Subservicer shall provide obligation of the Owner/Servicer or its designee with access to its reporting website portal for electronic data and reports to allow the Owner/Servicer to monitor make such P&I Advances is mandatory, notwithstanding any other provision of this Agreement but subject to (d) below, and, with respect to any Mortgage Loan or REO Property, shall continue until a Final Recovery Determination in connection therewith or the Mortgage Loans. Through such website portalremoval thereof from REMIC I pursuant to any applicable provision of this Agreement, the Owner/Servicer shall be except as otherwise provided with access on demand to certain reports and data referenced in this AgreementSection. (d) Subservicer shall provide the Standard Reports Notwithstanding anything herein to the Owner/Servicer at contrary, no additional cost no less frequently than monthly, P&I Advance or Servicing Advance shall be required to be made hereunder by the standard date(s) for availability of Servicer if such reports under the MSP systemP&I Advance or Servicing Advance would, as applicableif made, constitute a Nonrecoverable Advance or Nonrecoverable Servicing Advance. The Standard Reports determination by the Servicer that it has made a Nonrecoverable Advance or a Nonrecoverable Servicing Advance or that any proposed P&I Advance or Servicing Advance, if made, would constitute a Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively, shall be evidenced by an Officers' Certificate of the Servicer delivered to the Owner/Depositor and the Trustee. (e) The Servicer via the Subservicer’s SFTP site. Subject to execution of a mutually agreed SOW as set forth in Section 2.07 if requested by Subservicer, the Subservicer shall provide special reports, data files, or related services deliver to the Owner/Servicer, Trustee for deposit into the Investor Distribution Account on or any third party not otherwise provided before 1:00 p.m. New York time on the Servicer Remittance Date from its own funds an amount ("COMPENSATING INTEREST") equal to the lesser of (i) the aggregate of the Prepayment Interest Shortfalls for the related Distribution Date resulting solely from Principal Prepayments in this Agreementfull during the related Prepayment Period and (ii) __% of the amount of its aggregate Servicing Fee for the most recently ended calendar month. The Subservicer Servicer shall thereupon xxxx not have the Owner/Servicer right to reimbursement for such reports, data files or related services any amounts remitted to the Trustee in accordance with the Pricing Schedule or in accordance with the SOW, and same respect of Prepayment Interest Shortfalls. Such amounts so remitted shall be paid within ten (10) Business Days following receipt by included in the Owner/ServicerAvailable Distribution Amount and distributed therewith on the next Distribution Date. The Servicer shall not be obligated to pay any amounts with respect to Principal Prepayments in part and Relief Act Interest Shortfalls.

Remittance Reports and Other Reports. to the Trustee; P&I Advances; Payments in Respect of Prepayment Interest Shortfalls. (a) The Subservicer On the Servicer Reporting Date, the Servicer shall prepare and submit deliver to the applicable Investors in Trustee, the NIMS Insurer and the Originator by telecopy (or by such other means as the Servicer, the Trustee, the NIMS Insurer and the Originator may agree from time to time) a timely manner all reports required in accordance Remittance Report with applicable Investor Guidelines and cause such reports respect to the related Distribution Date. Such Remittance Report shall include (i) the amount of P&I Advances to be accessible through made by the reporting website portal Servicer in respect of the related Distribution Date, the aggregate amount of P&I Advances outstanding after giving effect to such P&I Advances, and the aggregate amount of Nonrecoverable Advances in respect of such Distribution Date and (ii) such other information with respect to the Mortgage Loans as the Trustee may reasonably require to perform the calculations necessary to make the distributions contemplated by Section 4.01 and to prepare the statements to Certificateholders contemplated by Section 4.02. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer. The Servicer, within fifteen days after a request from any of the Trustee, the Depositor, the NIMS Insurer or the Originator, shall forward a statement prepared by the Servicer setting forth the status of the Collection Account as of the close of business of any prior Distribution Date, showing, for electronic data the period covered by such statement information regarding the Collection Account that is mutually agreed upon by the Servicer and reports. the Trustee, the Depositor or the Originator, as applicable. Copies of such statement shall be provided by the Trustee to any Certificateholder or the Certificate Owner and to any Person identified to the Trustee as a prospective transferee of a Certificate, upon request (b) Not later than and the Reporting Date with Trustee shall promptly request such report from the Servicer upon receipt of such request), at the expense of the requesting party, provided such statement is delivered by the Servicer to the Trustee. The Servicer shall furnish to the Trustee monthly information reports on a loan level, as of the related Determination Date, to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, the Subservicer corresponding monthly information reports on a loan level (in electronic format) shall furnish be received by the Trustee no later than the related Determination Date, which reports shall contain the following: (i) with respect to each Monthly Payment, the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the date of such prepayment, and any Prepayment Charges); (ii) with respect to each Monthly Payment, the amount of such remittance allocable to interest; (iii) the amount of servicing compensation received by the Servicer during the prior distribution period; (iv) the individual and aggregate Stated Principal Balance of the Mortgage Loans; (v) the aggregate expenses reimbursed to the Owner/Servicer during the prior distribution period pursuant to Section 3.05; and (vi) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 31 to 59 days, (2) 60 to 89 days, (3) 90-119 days, (4) 120 or more days; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired. (b) The amount of P&I Advances to be made by the Servicer for any Distribution Date shall equal, subject to Section 4.03(d), the sum of (i) the aggregate amount of Monthly Payments (with each interest portion thereof net of the related Servicing Fee), due on the related Due Date in respect of the Mortgage Loans (other than with respect to any Balloon Loan with a delinquent Balloon Payment as described in clause (iii) below), which Monthly Payments were delinquent as of the close of business on the related Determination Date, (ii) with respect to each second-lien Mortgage Loan and REO Property (other than with respect to any REO Property relating to a Balloon Loan with a Delinquent Balloon Payment as described in clause (iv) below), which REO Property was acquired during or prior to the related Prepayment Period and as to which such REO Property an REO Disposition did not occur during the related Prepayment Period, an amount equal to the interest portion of the related Monthly Payment net of the related Servicing Fee, (iii) with respect to each Balloon Loan with a delinquent Balloon Payment, an amount equal to the assumed monthly principal and interest payment (with each interest portion thereof net of the related Servicing Fee) that would have been due on the related Due Date based on the principal amortization schedule for such Balloon Loan assuming such Mortgage Loan was not a Balloon Loan, and (iv) with respect to each REO Property relating to a Balloon Loan with a delinquent Balloon Payment, which REO Property was acquired during or prior to the related Prepayment Period and as to which REO Property an REO Disposition did not occur during the related Prepayment Period, an amount equal to the excess, if any, of the assumed monthly interest payment (net of the related Servicing Fee) that would have been due on the related Due Date based on the principal amortization schedule for the related Balloon Loan assuming such Mortgage Loan was not a Balloon Loan, over the net income from such REO Property transferred to the Distribution Account pursuant to Section 3.13 for distribution on such Distribution Date. On or before 3:00 p.m. New York time on the Servicer Remittance Date, the Servicer shall remit in immediately available funds to the Trustee for deposit in the Distribution Account an amount equal to the aggregate amount of P&I Advances, if any, to be made in respect of the Mortgage Loans and REO Properties for the related Distribution Date either (i) from its designeeown funds, (ii) from the Collection Account, to the extent of funds held therein for future distribution (in which case, it shall cause to be made an appropriate entry in the records of the Collection Account that amounts held for future distribution have been, as permitted by this Section 4.03, used by the Servicer in discharge of any such P&I Advance) or (iii) in the form of any combination of (i) and (ii) aggregating the total amount of P&I Advances to be made by the Servicer with respect to the preceding monthMortgage Loans and REO Properties. Servicing Advances, a monthly collection report and a monthly trial balance report that provides a trial balance as if any, to be made by the Servicer in respect of the last day Mortgage Loans and REO Properties for the related Distribution Date may be made either (i) from its own funds, (ii) from the Collection Account, to the extent of funds held therein for future distribution (in which case, it shall cause to be made an appropriate entry in the records of the month Collection Account that amounts held for future distribution have been, as permitted by this Section 4.03, used by the Servicer in discharge of any such Servicing Advance) or (iii) in the form of any combination of (i) and (ii) aggregating the total amount of Servicing Advances to be made by the Servicer with respect to the Mortgage Loans and REO Properties. Any amounts held for future distribution used by the Servicer to make a P&I Advance or Servicing Advance as permitted in the two preceding sentences or withdrawn by the month Servicer as permitted in which Section 3.05(a)(vii) in reimbursement of P&I Advances and Servicing Advances previously made shall be appropriately reflected in the applicable Servicing Rights Servicer’s records and replaced by the Servicer by deposit in the Collection Account on or before any future Servicer Remittance Date occurs to the extent that the Available Distribution Amount for the related Distribution Date (determined without regard to P&I Advances and Servicing Advances to be made on the Servicer Remittance Date) shall be less than the total amount that would be distributed to the Classes of Certificateholders pursuant to Section 4.01 on such other reports as may be mutually agreed upon Distribution Date if such amounts held for future distributions had not been so used to make P&I Advances or Servicing Advances. The Trustee shall provide notice to the Servicer, the Depositor, the NIMS Insurer and the Originator by telecopy by the Subservicer and close of business on any Servicer Remittance Date in the Owner/Servicer, in each case in an electronic format agreed upon event that the amount remitted by the Subservicer and Servicer to the Owner/ServicerTrustee on such date is less than the P&I Advances required to be made by the Servicer for the related Distribution Date. (c) The Subservicer shall provide obligation of the Owner/Servicer or its designee with access to its reporting website portal for electronic data and reports to allow the Owner/Servicer to monitor make such P&I Advances is mandatory, notwithstanding any other provision of this Agreement but subject to (d) below, and, with respect to any Mortgage Loan or REO Property, shall continue until a Final Recovery Determination in connection therewith or the Mortgage Loans. Through such website portalremoval thereof from REMIC I pursuant to any applicable provision of this Agreement, the Owner/Servicer shall be except as otherwise provided with access on demand to certain reports and data referenced in this AgreementSection. (d) Subservicer shall provide the Standard Reports Notwithstanding anything herein to the Owner/Servicer at contrary, no additional cost no less frequently than monthly, P&I Advance or Servicing Advance shall be required to be made hereunder by the standard date(s) for availability of Servicer if such reports under the MSP systemP&I Advance or Servicing Advance would, as applicableif made, constitute a Nonrecoverable Advance or Nonrecoverable Servicing Advance. The Standard Reports determination by the Servicer that it has made a Nonrecoverable Advance or a Nonrecoverable Servicing Advance or that any proposed P&I Advance or Servicing Advance, if made, would constitute a Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively, shall be evidenced by an Officers’ Certificate of the Servicer delivered to the Owner/Servicer via the Subservicer’s SFTP site. Subject to execution of a mutually agreed SOW as set forth in Section 2.07 if requested by SubservicerDepositor, the Subservicer Trustee and the NIMS Insurer. (e) The Servicer shall provide special reports, data files, or related services deliver to the Owner/Servicer, Trustee for deposit into the Investor Distribution Account on or any third party not otherwise provided before 3:00 p.m. New York time on the Servicer Remittance Date from its own funds an amount (“Compensating Interest”) equal to the lesser of (i) the aggregate of the Prepayment Interest Shortfalls for the related Distribution Date resulting solely from Principal Prepayments in this Agreementfull during the related Prepayment Period and (ii) the amount of its aggregate Servicing Fee for the most recently ended calendar month. The Subservicer Servicer shall thereupon xxxx not have the Owner/Servicer right to reimbursement for such reports, data files or related services any amounts remitted to the Trustee in accordance with the Pricing Schedule or in accordance with the SOW, and same respect of Prepayment Interest Shortfalls. Such amounts so remitted shall be paid within ten (10) Business Days following receipt by included in the Owner/ServicerAvailable Distribution Amount and distributed therewith on the next Distribution Date. The Servicer shall not be obligated to pay any amounts with respect to Principal Prepayments in part and Relief Act Interest Shortfalls.

Remittance Reports and Other Reports. to the Trustee; P&I Advances; Payments in Respect of Prepayment Interest Shortfalls. (a) The Subservicer On the Servicer Reporting Date, the Servicer shall prepare and submit deliver to the applicable Investors in Trustee and the Originator by telecopy (or by such other means as the Servicer, the Trustee, the Originator may agree from time to time) a timely manner all reports required in accordance Remittance Report with applicable Investor Guidelines and cause such reports respect to the related Distribution Date. Such Remittance Report shall include (i) the amount of P&I Advances to be accessible through made by the reporting website portal Servicer in respect of the related Distribution Date, the aggregate amount of P&I Advances outstanding after giving effect to such P&I Advances, and the aggregate amount of Nonrecoverable Advances in respect of such Distribution Date and (ii) such other information with respect to the Mortgage Loans as the Trustee may reasonably require to perform the calculations necessary to make the distributions contemplated by Section 4.01 and to prepare the statements to Certificateholders contemplated by Section 4.02. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer. The Servicer, within fifteen days after a request from either the Trustee, the Depositor or the Originator, shall forward a statement prepared by the Servicer setting forth the status of the Collection Account as of the close of business of any prior Distribution Date, showing, for electronic data the period covered by such statement information regarding the Collection Account that is mutually agreed upon by the Servicer and reports. the Trustee, the Depositor or the Originator, as applicable. Copies of such statement shall be provided by the Trustee to any Certificateholder or the Certificate Owner and to any Person identified to the Trustee as a prospective transferee of a Certificate, upon request (b) Not later than and the Reporting Date with Trustee shall promptly request such report from the Servicer upon receipt of such request), at the expense of the requesting party, provided such statement is delivered by the Servicer to the Trustee. The Servicer shall furnish to the Trustee monthly information reports on a loan level, as of the related Determination Date, to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, the Subservicer corresponding monthly information reports on a loan level (in electronic format) shall furnish be received by the Trustee no later than the related Determination Date, which reports shall contain the following: (i) with respect to each Monthly Payment, the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the date of such prepayment, and any Prepayment Charges); (ii) with respect to each Monthly Payment, the amount of such remittance allocable to interest; (iii) the amount of servicing compensation received by the Servicer during the prior distribution period; (iv) the individual and aggregate Stated Principal Balance of the Mortgage Loans; (v) the aggregate expenses reimbursed to the Owner/Servicer during the prior distribution period pursuant to Section 3.05; and (vi) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 31 to 59 days, (2) 60 to 89 days, (3) 90-119 days, (4) 120 or more days; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired. (b) The amount of P&I Advances to be made by the Servicer for any Distribution Date shall equal, subject to Section 4.03(d), the sum of (i) the aggregate amount of Monthly Payments (with each interest portion thereof net of the related Servicing Fee), due on the related Due Date in respect of the Mortgage Loans (other than with respect to any Balloon Loan with a delinquent Balloon Payment as described in clause (iii) below), which Monthly Payments were delinquent as of the close of business on the related Determination Date, (ii) with respect to each second-lien Mortgage Loan and REO Property (other than with respect to any REO Property relating to a Balloon Loan with a Delinquent Balloon Payment as described in clause (iv) below), which REO Property was acquired during or prior to the related Prepayment Period and as to which such REO Property an REO Disposition did not occur during the related Prepayment Period, an amount equal to the interest portion of the related Monthly Payment net of the related Servicing Fee, (iii) with respect to each Balloon Loan with a delinquent Balloon Payment, an amount equal to the assumed monthly principal and interest payment (with each interest portion thereof net of the related Servicing Fee) that would have been due on the related Due Date based on the principal amortization schedule for such Balloon Loan assuming such Mortgage Loan was not a Balloon Loan, and (iv) with respect to each REO Property relating to a Balloon Loan with a delinquent Balloon Payment, which REO Property was acquired during or prior to the related Prepayment Period and as to which REO Property an REO Disposition did not occur during the related Prepayment Period, an amount equal to the excess, if any, of the assumed monthly principal and interest payment (with each interest portion thereof net of the related Servicing Fee) that would have been due on the related Due Date based on the principal amortization schedule for the related Balloon Loan assuming such Mortgage Loan was not a Balloon Loan, over the net income from such REO Property transferred to the Distribution Account pursuant to Section 3.13 for distribution on such Distribution Date. On or before ____ New York time on the Servicer Remittance Date, the Servicer shall remit in immediately available funds to the Trustee for deposit in the Distribution Account an amount equal to the aggregate amount of P&I Advances, if any, to be made in respect of the Mortgage Loans and REO Properties for the related Distribution Date either (i) from its designeeown funds, (ii) from the Collection Account, to the extent of funds held therein for future distribution (in which case, it shall cause to be made an appropriate entry in the records of the Collection Account that amounts held for future distribution have been, as permitted by this Section 4.03, used by the Servicer in discharge of any such P&I Advance) or (iii) in the form of any combination of (i) and (ii) aggregating the total amount of P&I Advances to be made by the Servicer with respect to the Mortgage Loans and REO Properties. Any amounts held for future distribution used by the Servicer to make a P&I Advance as permitted in the preceding month, a monthly collection report sentence or withdrawn by the Servicer as permitted in Section 3.05(a)(vii) in reimbursement of P&I Advances previously made shall be appropriately reflected in the Servicer's records and a monthly trial balance report that provides a trial balance as of replaced by the last day of Servicer by deposit in the month preceding the month in which the applicable Servicing Rights Collection Account on or before any future Servicer Remittance Date occurs to the extent that the Available Distribution Amount for the related Distribution Date (determined without regard to P&I Advances to be made on the Servicer Remittance Date) shall be less than the total amount that would be distributed to the Classes of Certificateholders pursuant to Section 4.01 on such Distribution Date if such amounts held for future distributions had not been so used to make P&I Advances. The Trustee shall provide notice to the Servicer, the Depositor and such other reports as may be mutually agreed upon the Originator by telecopy by the Subservicer and close of business on any Servicer Remittance Date in the Owner/Servicer, in each case in an electronic format agreed upon event that the amount remitted by the Subservicer and Servicer to the Owner/ServicerTrustee on such date is less than the P&I Advances required to be made by the Servicer for the related Distribution Date. (c) The Subservicer shall provide obligation of the Owner/Servicer or its designee with access to its reporting website portal for electronic data and reports to allow the Owner/Servicer to monitor make such P&I Advances is mandatory, notwithstanding any other provision of this Agreement but subject to (d) below, and, with respect to any Mortgage Loan or REO Property, shall continue until a Final Recovery Determination in connection therewith or the Mortgage Loans. Through such website portalremoval thereof from REMIC I pursuant to any applicable provision of this Agreement, the Owner/Servicer shall be except as otherwise provided with access on demand to certain reports and data referenced in this AgreementSection. (d) Subservicer shall provide the Standard Reports Notwithstanding anything herein to the Owner/Servicer at contrary, no additional cost no less frequently than monthly, P&I Advance or Servicing Advance shall be required to be made hereunder by the standard date(s) for availability of Servicer if such reports under the MSP systemP&I Advance or Servicing Advance would, as applicableif made, constitute a Nonrecoverable Advance or Nonrecoverable Servicing Advance. The Standard Reports determination by the Servicer that it has made a Nonrecoverable Advance or a Nonrecoverable Servicing Advance or that any proposed P&I Advance or Servicing Advance, if made, would constitute a Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively, shall be evidenced by an Officers' Certificate of the Servicer delivered to the Owner/Depositor and the Trustee. (e) The Servicer via the Subservicer’s SFTP site. Subject to execution of a mutually agreed SOW as set forth in Section 2.07 if requested by Subservicer, the Subservicer shall provide special reports, data files, or related services deliver to the Owner/Servicer, Trustee for deposit into the Investor Distribution Account on or any third party not otherwise provided before 1:00 p.m. New York time on the Servicer Remittance Date from its own funds an amount ("Compensating Interest") equal to the lesser of (i) the aggregate of the Prepayment Interest Shortfalls for the related Distribution Date resulting solely from Principal Prepayments in this Agreementfull during the related Prepayment Period and (ii) __% of the amount of its aggregate Servicing Fee for the most recently ended calendar month. The Subservicer Servicer shall thereupon xxxx not have the Owner/Servicer right to reimbursement for such reports, data files or related services any amounts remitted to the Trustee in accordance with the Pricing Schedule or in accordance with the SOW, and same respect of Prepayment Interest Shortfalls. Such amounts so remitted shall be paid within ten (10) Business Days following receipt by included in the Owner/ServicerAvailable Distribution Amount and distributed therewith on the next Distribution Date. The Servicer shall not be obligated to pay any amounts with respect to Principal Prepayments in part and Relief Act Interest Shortfalls.