Reports to Rating Agencies. The Servicer shall deliver to each Rating Agency, at such address as such Rating Agency may request, a copy of all reports or notices furnished or delivered pursuant to this Article III and a copy of any amendments, supplements or modifications to this Agreement and any other information reasonably requested by such Rating Agency to monitor this transaction. If CarMax is no longer the Servicer, the successor Servicer shall provide any required Rating Agency notices, reports or other communications to the Depositor, who promptly shall provide such notices, reports or communications to the Rating Agencies.
Reports to Rating Agencies. (a) The Indenture Trustee shall provide to each Rating Agency copies of statements, reports and notices, to the extent received or prepared in connection herewith, as follows:
(i) copies of amendments to this Agreement;
(ii) notice of any substitution or repurchase of any Home Loans;
(iii) notice of any termination, replacement, succession, merger or consolidation of the Servicer, the Master Servicer, any Custodian or the Issuer;
(iv) notice of final payment on the Notes;
(v) any Notice of Default;
(vi) copies of the annual independent accountants' report delivered pursuant to Section 7.05 hereof, and copies of any compliance reports delivered by the Servicer including under Section 7.04 hereof; and
(vii) copies of any Payment Date Statement pursuant to Section 6.01(b) hereof.
(b) With respect to the requirement of the Indenture Trustee to provide statements, reports and notices to the Rating Agencies, such statements, reports and notices shall be delivered to the Rating Agencies at the following addresses: (i) if to Standard & Poor's Ratings Services, 55 Water Street, New York, New York, 10041, Attention: Residential Moxxxxxx Xxxxxxxxxxxx Xxxxx; xxx (xx) xx xx Moody's Investors Service, Inc., 99 Church Street, Pass-Through Group, Xxx Xork, New York 10007, Attenxxxx: Xxxxxxxxxxx Xxxxxxxx.
Reports to Rating Agencies. The Indenture Trustee shall provide to each Rating Agency copies of statements, reports and notices, to the extent received or prepared by the Master Servicer hereunder, as follows:
(i) copies of amendments to this Agreement;
(ii) notice of any substitution or repurchase of any Mortgage Loans;
(iii) notice of any termination, replacement, succession, merger or consolidation of either the Master Servicer or the Trust;
(iv) notice of final payment on the Class A Notes;
(v) notice of any Event of Servicing Termination;
(vi) copies of the annual independent auditor’s report delivered pursuant to Section 3.11 herein, and copies of any compliance reports delivered by the Master Servicer hereunder including Section 3.10 herein; and
(vii) copies of any Servicing Certificate pursuant to Section 5.03 herein.
Reports to Rating Agencies. The Master Servicer shall deliver to each Rating Agency, at such address as such Rating Agency may request, a copy of all reports or notices furnished or delivered pursuant to this Article and a copy of any amendments, supplements or modifications to this Agreement and any other information reasonably requested by such Rating Agency to monitor this transaction. ARTICLE FOUR
Reports to Rating Agencies. (a) In addition to the information and reports specifically required to be provided to the Rating Agencies pursuant to the terms of this Indenture, the Trustee shall provide the Rating Agencies with all information or reports delivered by the Trustee hereunder, and such additional information as the Rating Agencies may from time to time reasonably request and the Trustee determines in its sole discretion may be obtained and provided without unreasonable burden or expense. The Issuer shall promptly notify the Trustee and the Preferred Shares Paying Agent if a Rating Agency’s rating of any Class of Notes has been, or it is known by the Issuer that such rating will be, downgraded or withdrawn.
(b) The Issuer (or the Loan Obligation Manager on behalf of the Issuer) shall provide the Rating Agencies with all information and reports delivered to the Trustee hereunder.
(c) All additional reports to be sent to the Rating Agencies pursuant to clause (a) above shall be reviewed prior to such transmission by the Loan Obligation Manager.
(d) The Issuer shall cause to be provided all 17g-5 Information to the Rating Agencies in the manner specified in Section 14.13. For the avoidance of doubt, any such information referred to in this Section 10.14 shall not include any of the Accountants’ Reports.
Reports to Rating Agencies. (a) In addition to the information and reports specifically required to be provided to each Rating Agency pursuant to the terms of this Indenture, the Trustee shall provide each Rating Agency and each Hedge Counterparty with all information or reports delivered by the Trustee hereunder, and such additional information as each Rating Agency may from time to time reasonably request and the Trustee determines in its sole discretion may be obtained and provided without unreasonable burden or expense. The Issuer shall promptly notify the Trustee and the Owner Trustee if a Rating Agency’s rating of any Class of Notes has been, or it is known by the Issuer that such rating will be, reduced, or qualified or withdrawn. The Issuer, or the Collateral Manager on behalf of the Issuer, also shall deliver to the Rating Agencies, within ten (10) Business Days after each Quarterly Measurement Date, (x) a completed certificate substantially in the form of Exhibit J hereto, and (y) a completed report substantially in the form of Exhibit K hereto.
(b) The Issuer, or the Collateral Manager on behalf of the Issuer, shall provide the Rating Agencies with all information and reports delivered to the Trustee hereunder, and shall provide to Fitch on a quarterly basis the files shown in Exhibit I attached hereto, in excel format, relating to Loans and CMBS Securities.
(c) All additional reports to be sent to the Rating Agencies pursuant to clause (a) above shall be reviewed prior to such transmission by the Collateral Manager.
Reports to Rating Agencies. Section 12.14 Holders of the Residual Interest Certificates.................... Section 12.15
Reports to Rating Agencies. Section 6.13(B)(i) of the Trust Agreement is hereby amended and replaced in its entirety to read as follows: "any investment to be made pursuant to 6, 7 or 8 of Investment Securities."
Reports to Rating Agencies. The Indenture Trustee shall provide to each Rating Agency, upon request, copies of statements, reports and notices, to the extent received or prepared by the Servicer hereunder, as follows:
Reports to Rating Agencies. (a) In addition to the information and reports specifically required to be provided to each Rating Agency pursuant to the terms of this Indenture, the Trustee shall provide each Rating Agency and each Hedge Counterparty with all information or reports delivered by the Trustee hereunder, and such additional information as each Rating Agency may from time to time reasonably request and the Trustee determines in its sole discretion may be obtained and provided without unreasonable burden or expense. The Issuer shall promptly notify the Trustee and the Preferred Shares Paying Agent if a Rating Agency's rating of any Class of Notes has been, or it is known by the Issuer that such rating will be, reduced, or qualified or withdrawn.
(b) The Issuer (or the Collateral Manager on behalf of the Issuer) shall provide the Rating Agencies with all information and reports delivered to the Trustee hereunder, and shall provide (x) to Fitch (i) the Operating Statement Analysis Report for each applicable Collateral Debt Security and (ii) on a monthly basis, the file, shown in Exhibit O attached hereto, in Microsoft Excel format and (y) to S&P, to the best of the Collateral Manager's knowledge based on documentation available to the Collateral Manager, notification of any change in (i) the holder of each Unfunded Other Loan, (ii) the entity holding legal title to the underlying loan related to any Collateral Debt Security in the form of a participation, and (iii) the servicing of any underlying asset and whether such underlying asset is serviced pursuant to a commercial mortgage servicing arrangement which includes the standard servicing provisions found in CMBS Securities transactions.
(c) All additional reports to be sent to the Rating Agencies pursuant to clause (a) above shall be reviewed prior to such transmission by the Collateral Manager. The information referenced in Section 10.14(b) should be sent to Fitch by e-mail to xxx.xxxxxxxxxxxx@xxxxxxxxxxxx.xxx and xxxxx.xxxxxxx@xxxxxxxxxxxx.xxx or hardcopy to Fitch, Inc., Xxx Xxxxx Xxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, facsimile no.: (000) 000-0000, Attention: Commercial Real Estate Loan CDOs, Performance Analytics, or such other address that Fitch shall designate in the future.
