Common use of Servicer Remittance Report Clause in Contracts

Servicer Remittance Report. With respect to each Distribution Date, not later than the fifth Business Day prior to the related Deposit Date the Servicer shall deliver to the Trustee and the Seller a computer-readable magnetic tape or disk containing the Servicer Remittance Report detailing the payments and collections received in respect of the Mortgage Loans in each Mortgage Loan Group during the immediately preceding Collection Period. The computer-readable magnetic tape or disk shall include loan-by-loan information that specifies account number, borrower name, outstanding principal balance and activity since the last Distribution Date. Such tape shall be in the form and have the specifications as may be agreed to among the Servicer, the Trustee and the Seller from time to time and shall include information concerning original loan-to-value ratios, the lien positions of and number of days contractually delinquent of the Mortgage Loans and information necessary to calculate Delinquency Rate Events, Cumulative Loss Rate Events, Rolling Loss Rate Events and Targeted Overcollateralization Amounts. In addition to the foregoing, the Servicer shall provide the Trustee and the Seller at the time the tape is delivered to the Trustee a Liquidation Report and accompanying Officer's Certificate with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during the related Collection Period substantially in the form of Exhibits I and J hereto.

Servicer Remittance Report. With respect to each Distribution Date, not later than the fifth Business Day prior to the related Deposit Date the Servicer shall deliver to the Trustee Trustee, the Seller and the Seller Certificate Insurer a computer-readable magnetic tape or disk containing the Servicer Remittance Report detailing the payments and collections received in respect of the Mortgage Loans in each Mortgage Loan Group during the immediately preceding Collection Period. The computer-readable magnetic tape or disk shall include loan-by-loan information that specifies account number, borrower name, outstanding principal balance and activity since the last Distribution Date. Such tape shall be in the form and have the specifications as may be agreed to among the Servicer, the Trustee Trustee, the Seller and the Seller Certificate Insurer from time to time and shall include information concerning original loan-to-value ratios, the lien positions of and number of days contractually delinquent of the Mortgage Loans and information necessary to calculate Delinquency Rate Events, Cumulative Loss Rate Events, Rolling Loss Rate Events and Targeted Overcollateralization Amounts. In addition to the foregoing, the Servicer shall provide the Trustee Trustee, the Seller and the Seller Certificate Insurer at the time the tape is delivered to the Trustee a Liquidation Report and accompanying Officer's Certificate with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during the related Collection Period substantially in the form of Exhibits Exhibit I and J hereto.

Servicer Remittance Report. With respect to each Distribution Date, not later than the fifth Business Day prior to the related Deposit Date the Servicer shall deliver to the Trustee Trustee, the Back-up Servicer and the Seller Certificate Insurer a computer-readable magnetic tape or disk containing the Servicer Remittance Report detailing the payments and collections received in respect of the Mortgage Loans in each Mortgage Loan Group during the immediately preceding Collection Period. The computer-readable magnetic tape or disk shall include loan-by-loan information that specifies account number, borrower name, outstanding principal balance and activity since the last Distribution Date. Such tape shall be in the form and have the specifications as may be agreed to among between the Servicer, the Trustee Trustee, the Back-up Servicer and the Seller Certificate Insurer from time to time and shall include information concerning original loan-to-value ratios, the lien positions of and number of days contractually delinquent of the Mortgage Loans and information necessary to calculate Delinquency Rate Events, Cumulative Loss Rate Events, Rolling Loss Rate Events and Targeted Overcollateralization Amounts. In addition to the foregoing, the Servicer shall provide the Trustee Trustee, the Back-up Servicer and the Seller Certificate Insurer at the time the tape is delivered to the Trustee a Liquidation Report and accompanying Officer's Certificate with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during the related Collection Period substantially in the form of Exhibits Exhibit I and J hereto.