Common use of Remittance Reports Clause in Contracts

Remittance Reports. On the Business Day following each Determination Date, the Master Servicer shall deliver to the Indenture Trustee and the Bond Insurer a report, prepared as of the close of business on the Determination Date (the “Remittance Report”), in the form of a magnetic tape or disk or such other method as to which the Master Servicer and the Indenture Trustee shall agree. The Remittance Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the Master Servicer and that is required by the Indenture Trustee for purposes of making the calculations and providing the reports referred to in the Indenture, as set forth in written specifications or guidelines issued by the Indenture Trustee from time to time. In addition, prior to each Payment Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Collection Period. The amount of each Realized Loss shall be evidenced by an Officer’s Certificate delivered to the Indenture Trustee and the Bond Insurer with the related Remittance Report. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Owner Trustee and Indenture Trustee shall be protected in relying upon the same without any independent check or verification. The Indenture Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Master Servicer.

Remittance Reports. On the Business Day following each Determination Date, the Master Servicer shall deliver to the Indenture Trustee and the Bond Insurer a report, prepared as of the close of business on the Determination Date (the “"Remittance Report”"), in the form of a magnetic tape or disk or such other method as to which the Master Servicer and the Indenture Trustee shall agree. The Remittance Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the Master Servicer and that is required by the Indenture Trustee for purposes of making the calculations and providing the reports referred to in the Indenture, as set forth in written specifications or guidelines issued by the Indenture Trustee from time to time. In addition, prior to each Payment Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Collection PeriodPeriod and the total amount of Realized Losses incurred due to a High CLTV Loan being 180 days or more delinquent. The amount of each Realized Loss shall be evidenced by an Officer’s 's Certificate delivered to the Indenture Trustee and the Bond Insurer with the related Remittance ReportReport in the month following the month during which the High CLTV Loan becomes 180 days delinquent. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Owner Trustee and Indenture Trustee shall be protected in relying upon the same without any independent check or verification. The Indenture Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Master Servicer.

Remittance Reports. On the Business Day following each Determination Date, the Master Servicer shall deliver to the Indenture Trustee and the Bond Insurer a report, prepared as of the close of business on the Determination Date (the “"Remittance Report”"), in the form of a magnetic tape or disk or such other method as to which the Master Servicer and the Indenture Trustee shall agree. The Remittance Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the Master Servicer and that is required by the Indenture Trustee for purposes of making the calculations and providing the reports referred to in the Indenture, as set forth in written specifications or guidelines issued by the Indenture Trustee from time to time. In addition, prior to each Payment Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Collection Period. The amount of each Realized Loss shall be evidenced by an Officer’s 's Certificate delivered to the Indenture Trustee and the Bond Insurer with the related Remittance Report. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Owner Trustee and Indenture Trustee shall be protected in relying upon the same without any independent check or verification. The Indenture Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Master Servicer.

Remittance Reports. On the Business Day following or prior to each Determination Date, the RMBS Master Servicer shall deliver to the Indenture Trustee and the Bond Insurer a report, prepared as of the close of business on the Determination Date (the “"Remittance Report”"), in the form of a magnetic tape or disk or such other electronic method as to which the RMBS Master Servicer and the Indenture Trustee shall agree. agree and containing the information set forth on Exhibit D. The Remittance Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the RMBS Master Servicer and that is required by the Indenture Trustee for purposes of making the calculations and providing the reports referred to in the Indenture, as set forth in written specifications or guidelines issued by the Indenture Trustee from time to time. In addition, prior to each Payment Date, the RMBS Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Collection Prepayment Period. The amount of each Realized Loss shall be evidenced by an Officer’s 's Certificate delivered to the Indenture Trustee and the Bond Insurer with the related Remittance Report. The determination by the RMBS Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Owner Trustee and Indenture Trustee shall be protected in relying upon the same without any independent check or verification. The Indenture Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the RMBS Master Servicer.

Remittance Reports. On the second Business Day following each Determination Date, the Master Servicer shall deliver to the Indenture Trustee and the Bond Insurer a report, prepared as of the close of business on the Determination Date (the “Remittance "Determination Date Report”"), and shall forward to the Indenture Trustee in the form of a magnetic computer readable electromagnetic tape or disk or of such other method as to which the Master Servicer and the Indenture Trustee shall agreereport. The Remittance Determination Date Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the Master Servicer and that is required by the Indenture Trustee for purposes of making the calculations and providing the reports referred to in the Indenture, as set forth in written specifications or guidelines issued by the Indenture Trustee from time to time. In addition, prior Such information shall include the aggregate amounts required to be withdrawn from the Collection Account and deposited into the Payment Account pursuant to Section 3.07. Such information shall also include (a) the number of Mortgage Loans that prepaid in the previous month; (b) the loan balance of each such Mortgage Loan; (c) whether a prepayment penalty was applied to such Mortgage Loan; and (d) the amount of prepayment penalty with respect to each Payment Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Collection Periodsuch Mortgage Loan. The amount of each Realized Loss shall be evidenced by an Officer’s Certificate delivered Servicer agrees to cooperate with the Indenture Trustee and in providing all information as is reasonably requested by the Indenture Trustee to prepare the reports required under the Indenture. Upon written request by the Bond Insurer with Insurer, the related Remittance ReportServicer shall deliver the Determination Date Report to the Bond Insurer. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Owner Trustee and Indenture Trustee shall be protected in relying upon the same without any independent check or verification. The Indenture Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Master Servicer.

Remittance Reports. On the Business Day following each Determination Date, the Master Servicer shall deliver to the Indenture Trustee and the Bond Insurer a report, prepared as of the close of business on the Determination Date (the “"Remittance Report”"), in the form of a magnetic tape or disk or such other method as to which the Master Servicer and the Indenture Trustee shall agree. The Remittance Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the Master Servicer and that is required by the Indenture Trustee for purposes of making the calculations and providing the reports referred to in the Indenture, as set forth in written specifications or guidelines issued by the Indenture Trustee from time to time. In addition, prior to each Payment Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Collection PeriodPeriod and the total amount of Realized Losses incurred due to a High CLTV Loan being 180 days or more delinquent. The amount of each Realized Loss shall be evidenced by an Officer’s 's Certificate delivered to the Indenture Trustee and the Bond Insurer with the related Remittance ReportReport in the month following the month during which the High CLTV Loan becomes 180 days delinquent. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Owner Trustee and Indenture Trustee shall be protected in relying upon the same without any independent check or verification. The Indenture Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Master Servicer.

Remittance Reports. On the Business Day following each Determination Date, the Master Servicer shall deliver to the Indenture Trustee and the Bond Insurer a report, prepared as of the close of business on the Determination Date (the “"Remittance Report”"), in the form of a magnetic tape or disk or such other method as to which the Master Servicer and the Indenture Trustee shall agree. The Remittance Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the Master Servicer and that is required by the Indenture Trustee for purposes of making the calculations and providing the reports referred to in the Indenture, as set forth in written specifications or guidelines issued by the Indenture Trustee from time to time. In addition, prior to each Payment Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Collection Period. The amount of each Realized Loss shall be evidenced by an Officer’s Certificate delivered to the Indenture Trustee and the Bond Insurer with the related Remittance Report. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Owner Trustee and Indenture Trustee shall be protected in relying upon the same without any independent check or verification. The Indenture Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Master Servicer.

Remittance Reports. On the Business Day following or prior to each Determination Date, the Master Servicer shall deliver to the Indenture Trustee and the Bond Insurer a report, prepared as of the close of business on the Determination Date (the “"Remittance Report”"), in the form of a magnetic tape or disk or such other electronic method as to which the Master Servicer and the Indenture Trustee shall agree. agree and containing the information set forth on Exhibit D. The Remittance Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the Master Servicer and that is required by the Indenture Trustee for purposes of making the calculations and providing the reports referred to in the Indenture, as set forth in written specifications or guidelines issued by the Indenture Trustee from time to time. In addition, prior to each Payment Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Collection Prepayment Period. The amount of each Realized Loss shall be evidenced by an Officer’s 's Certificate delivered to the Indenture Trustee and the Bond Insurer with the related Remittance Report. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Owner Trustee and Indenture Trustee shall be protected in relying upon the same without any independent check or verification. The Indenture Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Master Servicer.

Remittance Reports. On the Business Day following or prior to each Determination Date, the Master Servicer shall deliver to the Indenture Trustee and the Bond Insurer a report, prepared as of the close of business on the Determination Date (the “Remittance Report”), in the form of a magnetic tape or disk or such other electronic method as to which the Master Servicer and the Indenture Trustee shall agree. agree and containing the information set forth on Exhibit D. The Remittance Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the Master Servicer and that is required by the Indenture Trustee for purposes of making the calculations and providing the reports referred to in the Indenture, as set forth in written specifications or guidelines issued by the Indenture Trustee from time to time. In addition, prior to each Payment Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Collection Prepayment Period. The amount of each Realized Loss shall be evidenced by an Officer’s 's Certificate delivered to the Indenture Trustee and the Bond Insurer with the related Remittance Report. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Owner Trustee and Indenture Trustee shall be protected in relying upon the same without any independent check or verification. The Indenture Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Master Servicer.

Remittance Reports. On the Business Day following each Determination Date, the Master Servicer shall deliver to the Indenture Trustee and the Bond Insurer a report, prepared as of the close of business on the Determination Date (the “"Remittance Report”"), in the form of a magnetic tape or disk or such other method as to which the Master Servicer and the Indenture Trustee shall agree. The Remittance Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the Master Servicer and that is required by the Indenture Trustee for purposes of making the calculations and providing the reports referred to in the Indenture, as set forth in written specifications or guidelines issued by the Indenture Trustee from time to time. In addition, prior to each Payment Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Collection PeriodPeriod and the total amount of Realized Losses incurred due to a High LTV Loan being 180 days or more delinquent. The amount of each Realized Loss shall be evidenced by an Officer’s 's Certificate delivered to the Indenture Trustee and the Bond Insurer with the related Remittance ReportReport in the month following the month during which the High LTV Loan becomes 180 days delinquent. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Owner Trustee and Indenture Trustee shall be protected in relying upon the same without any independent check or verification. The Indenture Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Master Servicer.

Remittance Reports. On the second Business Day following each Determination Date, the Master Servicer shall deliver to the Indenture Trustee and the Bond Insurer a report, prepared as of the close of business on the Determination Date (the “Remittance "Determination Date Report”"), in the form of a magnetic tape or disk or pc file or such other method as to which the Master Servicer and the Indenture Trustee shall agree. The Remittance Determination Date Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the Master Servicer and that is required by the Indenture Trustee for purposes of making the calculations and providing the reports referred to in the Indenture, as set forth in written specifications or guidelines issued by the Indenture Trustee from time to time. Such information shall include the aggregate amounts required to be withdrawn from the Collection Account and deposited into the Payment Account pursuant to 3.07. In addition, prior to each Payment Date, the Master Servicer shall determine the total amount number of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation Liquidation or REO Disposition that occurred during the related Collection PeriodPeriod and the total amount of Realized Losses incurred due to a Mortgage Loan (or REO Property) being 180 days or more delinquent. The amount of each Realized Loss shall be evidenced by an Officer’s 's Certificate delivered to the Indenture Trustee and the Bond Insurer with the related Remittance Determination Date Report. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Owner Trustee and Indenture Trustee shall be protected in relying upon the same without any independent check or verification. The Indenture Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Master Servicer.

Remittance Reports. On the second Business Day following each Determination Date, the Master Servicer shall deliver to the Indenture Trustee and the Bond Insurer a report, prepared as of the close of business on the Determination Date (the “Remittance "Determination Date Report”"), in the form of a magnetic tape or disk or such other method as to which the Master Servicer and the Indenture Trustee shall agree. The Remittance Determination Date Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the Master Servicer and that is required by the Indenture Trustee for purposes of making the calculations and providing the reports referred to in the Indenture, as set forth in written specifications or guidelines issued by the Indenture Trustee from time to time. Such information shall include the aggregate amounts required to be withdrawn from the Collection Account and deposited into the Payment Account pursuant to 3.07. In addition, prior to each Payment Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Collection Period. The amount of each Realized Loss shall be evidenced by an Officer’s 's Certificate delivered to the Indenture Trustee and the Bond Insurer with the related Remittance Determination Date Report. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Owner Trustee and Indenture Trustee shall be protected in relying upon the same without any independent check or verification. The Indenture Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Master Servicer.

Remittance Reports. On the second Business Day following each Determination Date, the Master Servicer shall deliver to the Indenture Trustee and the Bond Insurer a report, prepared as of the close of business on the Determination Date (the “Remittance "Determination Date Report”"), in the form of a magnetic tape or disk or such other method as to which the Master Servicer and the Indenture Trustee shall agree. The Remittance Determination Date Report and any written information supplemental thereto shall include such information with respect to the Mortgage Home Loans that is reasonably available to the Master Servicer and that is required by the Indenture Trustee for purposes of making the calculations and providing the reports referred to in the Indenture, as set forth in written specifications or guidelines issued by the Indenture Trustee from time to time. Such information shall include the aggregate amounts required to be withdrawn from the Collection Account and deposited into the Payment Account pursuant to 3.07. In addition, prior to each Payment Date, the Master Servicer shall determine the total amount number of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation Liquidation or REO Disposition that occurred during the related Collection PeriodPeriod and the total amount of Realized Losses incurred due to a Home Loan (or REO Property) being 180 days or more delinquent. The amount of each Realized Loss shall be evidenced by an Officer’s 's Certificate delivered to the Indenture Trustee and the Bond Insurer with the related Remittance Determination Date Report. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Owner Trustee and Indenture Trustee shall be protected in relying upon the same without any independent check or verification. The Indenture Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Master Servicer.

Remittance Reports. On the Business Day following each Determination Date, the Master Servicer shall deliver to the Indenture Trustee and the Bond Insurer a report, prepared as of the close of business on the Determination Date (the “"Remittance Report”"), in the form of a magnetic tape or disk or such other method as to which the Master Servicer and the Indenture Trustee shall agree. The Remittance Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the Master Servicer and that is required by the Indenture Trustee for purposes of making the calculations and providing the reports referred to in the Indenture, as set forth in written specifications or guidelines issued by the Indenture Trustee from time to time. In addition, prior to each Payment Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Collection PeriodPrepayment Period and the total amount of Realized Losses incurred due to a High CLTV Loan being 180 days or more delinquent. The amount of each Realized Loss shall be evidenced by an Officer’s 's Certificate delivered to the Indenture Trustee and the Bond Insurer with the related Remittance ReportReport which, in the case of a High CLTV Loan, shall be provided in the month following the month during which the High CLTV Loan becomes 180 days delinquent. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Owner Trustee and Indenture Trustee shall be protected in relying upon the same without any independent check or verification. The Indenture Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Master Servicer.

Remittance Reports. On the second Business Day following each Determination Date, the Master Servicer shall deliver to the Indenture Trustee and the Bond Insurer a report, prepared as of the close of business on the Determination Date (the “Remittance "Determination Date Report”"), and shall forward to the Indenture Trustee in the form of a magnetic computer readable electromagnetic tape or disk or a copy of such other method as to which the Master Servicer and the Indenture Trustee shall agreereport. The Remittance Determination Date Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the Master Servicer and that is required by the Indenture Trustee for purposes of making the calculations and providing the reports referred to in the Indenture, as set forth in written specifications or guidelines issued by the Indenture Trustee from time to time. In addition, prior Such information shall include the aggregate amounts required to be withdrawn from the Collection Account and deposited into the Payment Account pursuant to Section 3.07. Such information shall also include (a) the number of Mortgage Loans that prepaid in the previous month; (b) the loan balance of each such Mortgage Loan; (c) whether a prepayment penalty was applied to such Mortgage Loan; and (d) the amount of prepayment penalty with respect to each Payment Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Collection Periodsuch Mortgage Loan. The amount of each Realized Loss shall be evidenced by an Officer’s Certificate delivered Servicer agrees to cooperate with the Indenture Trustee and in providing all information as is reasonably requested by the Indenture Trustee to prepare the reports required under the Indenture. Upon written request by the Bond Insurer with Insurer, the related Remittance ReportServicer shall deliver the Determination Date Report to the Bond Insurer. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Owner Trustee and Indenture Trustee shall be protected in relying upon the same without any independent check or verification. The Indenture Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Master Servicer.

Remittance Reports. On the Business Day following each --------------------- Determination Date, the Master Servicer shall deliver to the Indenture Trustee and the Bond Insurer a report, prepared as of the close of business on the Determination Date (the “"Remittance Report”"), in the form of a magnetic tape or disk or such other method as to which the Master Servicer and the Indenture Trustee shall agree. The Remittance Report and any written information supplemental thereto shall include such information with respect to the Mortgage Loans that is reasonably available to the Master Servicer and that is required by the Indenture Trustee for purposes of making the calculations and providing the reports referred to in the Indenture, as set forth in written specifications or guidelines issued by the Indenture Trustee from time to time. In addition, prior to each Payment Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Collection Period. The amount of each Realized Loss shall be evidenced by an Officer’s 's Certificate delivered to the Indenture Trustee and the Bond Insurer with the related Remittance Report. The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Owner Trustee and Indenture Trustee shall be protected in relying upon the same without any independent check or verification. The Indenture Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Master Servicer.