Common use of Reports to the Trustee; Collection Account Statements Clause in Contracts

Reports to the Trustee; Collection Account Statements. Not later than 15 days after each Remittance Date, the Master Servicer shall provide to the Trustee and the Certificate Insurer a statement, certified by a Servicing Officer, setting forth the status of the Collection Account as of the close of business on the related Determination Date, stating that all distributions required by this Agreement to be made by the Master Servicer on behalf of the Trustee have been made (or if any required distribution has not been made by the Master Servicer, specifying the nature and status thereof) and showing, for the period covered by such statement, the aggregate of deposits into and withdrawals from the Collection Account for each category of deposit specified in Section 5.3 and each category of withdrawal specified in Section 5.4, the allocation of such amounts between principal and interest collected on the Mortgage Loans and the aggregate of deposits into the Certificate Account as specified in Section 6.1(c). Such statement shall also state the aggregate unpaid Principal Balance of all the Mortgage Loans as of the close of business on the last day of the month preceding the month in which such Remittance Date occurs. Copies of such statement shall be provided by the Trustee to any Certificateholder upon request.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Bcap LLC), Exhibit 99 (Bear Stearns Asset Backed Securities Inc), Pooling and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv)

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Reports to the Trustee; Collection Account Statements. Not later than 15 days after each Remittance Distribution Date, the Master Servicer shall provide to the Trustee and the Certificate Insurer a statement, certified by a Servicing Officer, setting forth the status of the Collection Account as of the close of business on the related Determination Date, stating that all distributions required by this Agreement to be made by the Master Servicer on behalf of the Trustee have been made (or if any required distribution has not been made by the Master Servicer, specifying the nature and status thereof) and showing, for the period covered by such statement, the aggregate of deposits into and withdrawals from the Collection Account for each category of deposit specified in Section 5.3 and each category of withdrawal specified in Section 5.4, the allocation of such amounts between principal and interest collected on the Mortgage Loans and the aggregate of deposits into the Certificate Account as specified in Section 6.1(c). Such statement shall also state the aggregate unpaid Principal Balance of all the Mortgage Loans as of the close of business on the last day of the month preceding the month in which such Remittance Distribution Date occurs. Copies of such statement shall be provided by the Trustee to any Certificateholder upon request.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Painewebber Mort Accept Corp Iv New South Home Eq Tr 1999-1)

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Reports to the Trustee; Collection Account Statements. Not later than 15 days after each Remittance Date, the Master Servicer shall provide to the Trustee [and the Certificate Insurer Insurer] a statement, certified by a Servicing Officer, setting forth the status of the Collection Account as of the close of business on the related Determination Date, stating that all distributions required by this Agreement to be made by the Master Servicer on behalf of the Trustee have been made (or if any required distribution has not been made by the Master Servicer, specifying the nature and status thereof) and showing, for the period covered by such statement, the aggregate of deposits into and withdrawals from the Collection Account for each category of deposit specified in Section 5.3 and each category of withdrawal specified in Section 5.4, the allocation of such amounts between principal and interest collected on the Mortgage Loans and the aggregate of deposits into the Certificate Account as specified in Section 6.1(c). Such statement shall also state the aggregate unpaid Principal Balance principal balance of all the Mortgage Loans as of the close of business on the last day of the month preceding the month in which such Remittance Date occurs. Copies of such statement shall be provided by the Trustee to any Certificateholder upon request.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Hsi Asset Securitization Corp)

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