Common use of Servicing Reports Clause in Contracts

Servicing Reports. Seller shall simultaneously deliver a copy of any reports delivered by Seller to any Person pursuant to the Deferred Servicing Agreements to Purchaser. Seller shall provide the following reports to Purchaser: (a) On or prior to each monthly reporting date with respect to each Deferred Servicing Agreement, the Monthly Remittance Report relating to such Deferred Servicing Agreement, in electronic medium mutually acceptable to the parties, which Monthly Remittance Report shall also include with it (i) information sufficient for Purchaser to determine whether a P&I Advance will have to be made with respect to any Mortgage Loan subject to such Deferred Servicing Agreement and (ii) appropriate supporting information regarding the amount and nature of such P&I Advances. (b) No later than the first Business Day of each month, the Monthly Servicing Oversight Report as to the end of the prior calendar month, in electronic medium mutually acceptable to the parties. Any other reports or information Purchaser may request, to the extent that the requested information or data is reasonably available to Seller without undue expense or hardship.