Common use of Reports to Master Servicer Clause in Contracts

Reports to Master Servicer. On or before the tenth calendar day of each month, the Company shall furnish to the Master Servicer electronically in a format acceptable to the Master Servicer loan accounting reports in the investor's assigned loan number order to document the payment activity on each EMC Mortgage Loan on an individual mortgage loan basis. With respect to each month, such loan accounting reports shall contain the following: (i) with respect to each Scheduled Payment (on both an actual and scheduled basis with respect to mortgage loan balances and on an actual basis with respect to paid-through dates), the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the amount of any Prepayment Interest Shortfall); (ii) with respect to each Monthly Payment, the amount of such remittance allocable to scheduled interest; (iii) the amount of servicing compensation received by the Company during the prior calendar month; (iv) the aggregate scheduled principal balance of the EMC Mortgage Loans; (v) the aggregate amount of Advances made by the Company pursuant to Section 6.01; (vi) the aggregate of any expenses reimbursed to the Company during the prior calender month pursuant to Section 5.02; (vii) the number and aggregate outstanding principal balances of EMC Mortgage Loans (a) delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and (viii) the amount of any Prepayment Charges collected by the Company and the amount of Prepayment Charges paid by the Company in connection with a waiver that is not permitted under this Agreement.

Reports to Master Servicer. On or before the tenth calendar day of each month, the Company shall furnish to the Master Servicer electronically in a format acceptable to the Master Servicer loan accounting reports in the investor's ’s assigned loan number order to document the payment activity on each EMC Mortgage Loan on an individual mortgage loan basis. With respect to each month, such loan accounting reports shall contain the following: (i) with respect to each Scheduled Payment (on both an actual and scheduled basis with respect to mortgage loan balances and on an actual basis with respect to paid-through dates), the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the amount of any Prepayment Interest Shortfall); (ii) with respect to each Monthly Payment, the amount of such remittance allocable to scheduled interest; (iii) the amount of servicing compensation received by the Company during the prior calendar month; (iv) the aggregate scheduled principal balance of the EMC Mortgage Loans; (v) the aggregate amount of Advances made by the Company pursuant to Section 6.01; (vi) the aggregate of any expenses reimbursed to the Company during the prior calender month pursuant to Section 5.02; (vii) the number and aggregate outstanding principal balances of EMC Mortgage Loans (a) delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and (viii) the amount of any Prepayment Charges collected by the Company and the amount of Prepayment Charges paid by the Company in connection with a waiver that is not permitted under this Agreement.

Reports to Master Servicer. On or before the tenth calendar day of each month, the Company shall furnish to the Master Servicer electronically in a format acceptable to the Master Servicer loan accounting reports in the investor's ’s assigned loan number order to document the payment activity on each EMC Mortgage Loan on an individual mortgage loan basis. With respect to each month, such loan accounting reports shall contain the following: (i) with respect to each Scheduled Payment (on both an actual and scheduled basis with respect to mortgage loan balances and on an actual basis with respect to paid-through dates), the amount of such remittance allocable to principal (including a separate breakdown of any Principal Prepayment, including the amount of any Prepayment Interest Shortfall); (ii) with respect to each Monthly Payment, the amount of such remittance allocable to scheduled interest; (iii) the amount of servicing compensation received by the Company during the prior calendar month; (iv) the aggregate scheduled principal balance of the EMC Mortgage Loans; (v) the aggregate amount of Advances made by the Company pursuant to Section 6.01; (vi) the aggregate of any expenses reimbursed to the Company during the prior calender month pursuant to Section 5.02; (vii) the number and aggregate outstanding principal balances of EMC Mortgage Loans (a) delinquent (1a)(1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and (viii) the amount of any Prepayment Charges collected by the Company and the amount of Prepayment Charges paid by the Company in connection with a waiver that is not permitted under this Agreement.