Common use of Reports to the Depositor Clause in Contracts

Reports to the Depositor. On or before the Business Day preceding each Distribution Date, the Master Servicer shall notify the Depositor and the Certificate Insurer of the following information with respect to the next Distribution Date (which notification may be given by facsimile, or by telephone promptly confirmed in writing): (a) the aggregate amount then on deposit in the Asset Proceeds Account and the source thereof (identified as interest, scheduled principal or unscheduled principal); (b) the Class A Distribution Amount (broken down into principal and interest), with respect to each Class individually, and all Classes in the aggregate, on the next Distribution Date; (c) the amount of any Group I Subordination Increase Amount or Group II Subordination Increase Amount; (d) the amount of any Insured Payment to be made by the Certificate Insurer on such Distribution Date; (e) the application of the amounts described in clauses (a), (b) and (d) preceding to the allocation and distribution of the related Class A Distribution Amounts on such Distribution Date in accordance with Section 3.02 hereof; (f) the Certificate Principal Balance of each Class of Class A Certificates, the aggregate amount of the principal of each Class of the Class A Certificates to be paid on such Distribution Date and the remaining Certificate Principal Balance of each Class of Class A Certificates following any such payment; (g) the Group I Available Funds, the Group I Total Available Funds and, if applicable, the Group I Total Available Funds Shortfall; (h) the Group I Reimbursement Amount; (i) the Group II Available Funds, the Group II Total Available Funds and, if applicable, the Group II Total Available Funds Shortfall. (j) the Group II Reimbursement Amount; (k) the amount, if any, of any Realized Losses for the related Prepayment Period; (l) the amount of any Group I Subordination Reduction Amount or Group II Subordination Reduction Amount; (m) whether the Servicer Termination Test has been satisfied stating separately each component thereof and a computation of the Group I Specified Subordination Amount and Group II Specified Subordination Amount and stating the provision of the definition thereof relied upon in such computation and the reason therefor; and (n) for each Distribution Date during the Funding Period, (i) the Group I Pre-Funded Amount and the Group II Pre-Funded Amount previously used to acquire Subsequent Mortgage Loans, (ii) the Group I Pre-Funded Account Earnings and the Group II Pre-Funded Account Earnings transferred to the Asset Proceeds Account, (iii) the Group I Capitalized Interest Requirement and the Group II Capitalized Interest Requirement transferred to the Asset Proceeds Account; and (iv) the Group I Pre-Funded Amount and the Group II Pre-Funded Amount; and for the Distribution Date following the end of the Funding Period, the Group I Pre-Funded Amount distributed as a part of a Group I Principal Distribution and the Group II Pre-Funded Amount distributed as a part of a Group II Principal Distribution Amount.

Reports to the Depositor. On or before the Business Day preceding each Distribution Date, based on information provided by the Servicer, the Master Servicer shall notify the Depositor and the Certificate Insurer Trustee of the following information with respect to the next Distribution Date (which notification may be given by facsimile, or by telephone promptly confirmed in writing): (a) the aggregate amount then on deposit in the Asset Proceeds Account and the source thereof (identified as interest, scheduled principal or unscheduled principal); (b) the Class A Distribution Amount (broken down into principal amount of any Realized Losses, Applied Realized Loss Amounts and interest), with respect to each Class individually, and all Classes in the aggregate, on the next Distribution DateUnpaid Realized Loss Amounts; (c) the amount of any Group I Subordination Increase Amount or Group II Subordination Increase Amount; (d) the amount of any Insured Payment to be made by the Certificate Insurer on such Distribution Date; (e) the application of the amounts described in clauses (a), ) and (b) and (d) preceding to the allocation and distribution of the related Class A Distribution Amounts on such Distribution Date in accordance with Section 3.02 hereof; (fd) the Certificate Principal Balance of each Class of Class A Certificates, the aggregate amount of the principal of each Class of the Class A Certificates to be paid on such Distribution Date and the remaining Certificate Principal Balance of each Class of Class A Certificates following any such payment; (g) the whether a Group I Available Funds, the Group I Total Available Funds and, if applicable, the Group I Total Available Funds Shortfall; (h) the Group I Reimbursement Amount; (i) the Group II Available Funds, the Group II Total Available Funds and, if applicable, the Group II Total Available Funds Shortfall. (j) the Group II Reimbursement Amount; (k) the amount, if any, of any Realized Losses for the related Prepayment Period; (l) the amount of any Group I Subordination Reduction Amount or Group II Subordination Reduction Amount; (m) whether the Servicer Termination Test has been satisfied stating separately each component thereof and Trigger Event or a computation of the Group I Specified Subordination Amount and or Group II Specified Subordination Amount and stating the provision of the definition thereof relied upon in such computation and the reason thereforSubordinated Trigger Event has occurred; and (ne) for each Distribution Date during the Funding Period, (i) the Group I Pre-Funded Amount and the Group II Pre-Funded Amount previously used to acquire Subsequent Mortgage Loans, (ii) the Group I Pre-Funded Account Earnings and the Group II Pre-Funded Account Earnings transferred to the Asset Proceeds Account, (iii) the Group I Capitalized Interest Requirement and the Group II Capitalized Interest Requirement transferred to the Asset Proceeds Account; and (iv) the Group I Pre-Funded Amount and the Group II Pre-Funded Amount; and for the Distribution Date Dated following the end of the Funding Period, the Group I Pre-Pre- Funded Amount distributed as a part of a Group I Principal Distribution and the Group II Pre-Funded Amount distributed as a part of a Group II Principal Distribution Amount.

Reports to the Depositor. On or before the Business Day preceding each Distribution Date, based on information provided by the Servicer, the Master Servicer shall notify the Depositor and the Certificate Insurer Trustee of the following information with respect to the next Distribution Date (which notification may be given by facsimile, or by telephone promptly confirmed in writing): (a) the aggregate amount then on deposit in the Asset Proceeds Account and the source thereof (identified as interest, scheduled principal or unscheduled principal); (b) the Class A Distribution Amount (broken down into principal amount of any Realized Losses, Applied Realized Loss Amounts and interest), with respect to each Class individually, and all Classes in the aggregate, on the next Distribution DateUnpaid Realized Loss Amounts; (c) the amount of any Group I Subordination Increase Amount or Group II Subordination Increase Amount; (d) the amount of any Insured Payment to be made by the Certificate Insurer on such Distribution Date; (e) the application of the amounts described in clauses (a), ) and (b) and (d) preceding to the allocation and distribution of the related Class A Distribution Amounts on such Distribution Date in accordance with Section 3.02 hereof; (fd) the Certificate Principal Balance of each Class of Class A Certificates, the aggregate amount of the principal of each Class of the Class A Certificates to be paid on such Distribution Date and the remaining Certificate Principal Balance of each Class of Class A Certificates following any such payment; (g) the whether a Group I Available Funds, the Group I Total Available Funds and, if applicable, the Group I Total Available Funds Shortfall; (h) the Group I Reimbursement Amount; (i) the Group II Available Funds, the Group II Total Available Funds and, if applicable, the Group II Total Available Funds Shortfall. (j) the Group II Reimbursement Amount; (k) the amount, if any, of any Realized Losses for the related Prepayment Period; (l) the amount of any Group I Subordination Reduction Amount or Group II Subordination Reduction Amount; (m) whether the Servicer Termination Test has been satisfied stating separately each component thereof and Trigger Event or a computation of the Group I Specified Subordination Amount and or Group II Specified Subordination Amount and stating the provision of the definition thereof relied upon in such computation and the reason thereforSubordinated Trigger Event has occurred; and (ne) for each Distribution Date during the Funding Period, (i) the Group I Pre-Funded Amount and the Group II Pre-Funded Amount previously used to acquire Subsequent Mortgage Loans, (ii) the Group I Pre-Funded Account Earnings and the Group II Pre-Funded Account Earnings transferred to the Asset Proceeds Account, (iii) the Group I Capitalized Interest Requirement and the Group II Capitalized Interest Requirement transferred to the Asset Proceeds Account; and (iv) the Group I Pre-Funded Amount and the Group II Pre-Funded Amount; and for the Distribution Date Dated following the end of the Funding Period, the Group I Pre-Funded Amount distributed as a part of a Group I Principal Distribution and the Group II Pre-Funded Amount distributed as a part of a Group II Principal Distribution Amount.