Common use of Reports to the Depositor and the Indenture Trustee Clause in Contracts

Reports to the Depositor and the Indenture Trustee. On or before the Business Day preceding each Payment Date, based on information provided by the Servicer at such times and in form and content, as acceptable to the Master Servicer in its reasonable discretion, the Master Servicer shall notify, or cause to be notified, the Depositor and the Indenture Trustee of the following information with respect to the next Payment Date (which notification may be given by facsimile, electronic transmission or by telephone promptly confirmed in writing): (a) the aggregate amount then on deposit in the Payment Account and the source thereof (identified as interest, scheduled principal or unscheduled principal); (b) the amount of any Realized Losses by Loan Group; (c) the application of the amounts paid on such Payment Date pursuant to Section 4.1 (including the distribution of any Subsequent Recoveries); (d) whether a Trigger Event has occurred; and (e) For each Payment Date during the Funding Period, (i) the applicable Pre-Funded Amount for each Loan Group previously used to acquire Subsequent Mortgage Loans; (ii) the Pre-Funding Account Earnings with respect to each Pre-Funding Subaccount; and (iii) the applicable Pre-Funded Amount for each Loan Group and for the Payment Date following the end of the Funding Period, the remaining Pre-Funded Amount; if any, with respect to each Pre-Funding Subaccount distributed to Securityholders.

Reports to the Depositor and the Indenture Trustee. On or before the Business Day preceding each Payment Date, based on information provided by the Servicer at such times and in form and content, as acceptable to the Master Servicer in its reasonable discretion, the Master Servicer shall notify, or cause to be notified, the Depositor and the Indenture Trustee of the following information with respect to the next Payment Date (which notification may be given by facsimile, electronic transmission or by telephone promptly confirmed in writing): (a) the aggregate amount then on deposit in the Payment Account and the source thereof (identified as interest, scheduled principal or unscheduled principal); (b) the amount of any Realized Losses by Loan Group; (c) the application of the amounts paid on such Payment Date pursuant to Section 4.1 (including the distribution of any Subsequent Recoveries); (d) whether a Trigger Event has occurred; and (e) [For each Payment Date during the Funding Period, (i) the applicable Pre-Funded Amount for each Loan Group previously used to acquire Subsequent Mortgage Loans;] (ii) the Pre-Funding Account Earnings with respect to each Pre-Funding Subaccount; and] (iii) the applicable Pre-Funded Amount for each Loan Group and for the Payment Date following the end of the Funding Period, the remaining Pre-Funded Amount; if any, with respect to each Pre-Funding Subaccount distributed to Securityholders.]

Reports to the Depositor and the Indenture Trustee. On or before the Business Day preceding each Payment Date, based on information provided by the Servicer at such times and in form and content, as acceptable to the Master Servicer in its reasonable discretion, the Master Servicer shall notify, or cause to be notified, the Depositor and the Indenture Trustee of the following information with respect to each Loan Group with respect to the next Payment Date (which notification may be given by facsimile, electronic transmission or by telephone promptly confirmed in writing): (a) the aggregate amount then on deposit in the Payment Account and the source thereof (identified as interest, scheduled principal or unscheduled principal); (b) the amount of any Realized Losses by Loan Group; (c) the application of the amounts paid on such Payment Date pursuant to Section 4.1 hereof (including the distribution of any Subsequent Recoveries)) by Loan Group and Subgroup; (d) whether a Trigger Event for any Note Group has occurred; and (e) For each Payment Date during the Funding Period, (i) the applicable Pre-Funded Amount for each Loan Group (and Subgroup) previously used to acquire Subsequent Mortgage Loans; (ii) the Pre-Funding Account Earnings with respect to each Pre-Funding Subaccount; and (iii) the applicable Pre-Funded Amount for each Loan Group (and Subgroup) and for the Payment Date following the end of the Funding Period, the remaining Pre-Pre Funded Amount; if any, with respect to each Pre-Funding Subaccount distributed to Securityholders.

Reports to the Depositor and the Indenture Trustee. On or before the Business Day preceding each Payment Date, based on information provided by the Servicer at such times and in form and content, as acceptable to the Master Servicer in its reasonable discretion, the Master Servicer shall notify, or cause to be notified, the Depositor and the Indenture Trustee of the following information with respect to the next Payment Date (which notification may be given by facsimile, electronic transmission or by telephone promptly confirmed in writing): (a) the aggregate amount then on deposit in the Payment Account and the source thereof (identified as interest, scheduled principal or unscheduled principal); (b) the amount of any Realized Losses by Loan Groupand the amount of any Principal Deficiency Amount allocated to a Class or Classes of Subordinate Notes; (c) the application of the amounts paid on such Payment Date pursuant to Section 4.1 (including the distribution of any Subsequent Recoveries); (d) whether a Trigger Event has occurred; and (e) For each Payment Date during the Funding Period, (i) the applicable Pre-Funded Amount for each Loan Group previously used to acquire Subsequent Mortgage LoansLoans and the remaining Pre-Funded Amount; (ii) the Pre-Funding Account Earnings with respect to each the Pre-Funding SubaccountAccount; and (iii) the applicable Pre-Funded Amount for each Loan Group and for the Payment Date following the end of the Funding Period, the remaining Pre-Funded Amount; , if any, with respect to each Pre-Funding Subaccount distributed to Securityholders.

Reports to the Depositor and the Indenture Trustee. On or before the Business Day preceding each Payment Date, based on information provided by the Servicer at such times and in form and content, as acceptable to the Master Servicer in its reasonable discretion, the Master Servicer shall notify, or cause to be notified, the Depositor and the Indenture Trustee of the following information with respect to the next Payment Date (which notification may be given by facsimile, electronic transmission or by telephone promptly confirmed in writing): (a) the aggregate amount then on deposit in the Payment Account and the source thereof (identified as interest, scheduled principal or unscheduled principal); (b) the amount of any Realized Losses by Loan GroupLosses; (c) the application of the amounts paid on such Payment Date pursuant to Section 4.1 hereof (including the distribution of any Subsequent Recoveries); (d) whether a Trigger Event has occurred; and (e) For each Payment Date during the Funding Period, (i) the applicable Pre-Funded Amount for each Loan Group previously used to acquire Subsequent Mortgage Loans; (ii) the Pre-Funding Account Earnings with respect for each Group transferred to each Pre-Funding Subaccountthe Payment Account; and (iii) the applicable Pre-Funded Amount for each Loan Group and for the Payment Date following the end of the Funding Period, the remaining Pre-Funded Amount; if any, with respect to each Pre-Funding Subaccount Amount distributed to Securityholders.