Common use of Specially Serviced Mortgage Loan Status Reports, REO Status Reports and Other Reports Clause in Contracts

Specially Serviced Mortgage Loan Status Reports, REO Status Reports and Other Reports. (a) The Special Servicer shall prepare, or cause to be prepared, and deliver to the Master Servicer, the Trustee and each Rating Agency, via facsimile (with a hard copy sent on the same day by first-class mail and in electronic format reasonably acceptable to the Master Servicer and related Primary Servicer and consistent with Accepted Special Servicing Practices) not later than the eighth (8th) Business Day immediately preceding each Distribution Date, a copy of a Specially Serviced Mortgage Loan and REO Status Report in the form of Exhibit V hereto, with respect to each Specially Serviced Mortgage Loan and REO Mortgage Loan, respectively. In addition, upon the occurrence of a Collateral Value Adjustment Event or Liquidation Event from which a Collateral Value Adjustment, Realized Loss or Collateral Value Adjustment Recovery Amount has resulted, the Special Servicer shall prepare, or cause to be prepared, and deliver to the Master Servicer, the related Primary Servicer, the Trustee and each Rating Agency, via facsimile (with a hard copy sent on the same day by first-class mail or in electronic format reasonably acceptable to the Master Servicer and consistent with Accepted Special Servicing Practices) not later than the eighth (8th) Business Day immediately preceding each Distribution Date, an Officers' Certificate setting forth (i) the event which gave rise to such Collateral Value Adjustment or Realized Loss and (ii) the amount of such Collateral Value Adjustment, Realized Loss or Collateral Value Adjustment Recovery Amount.

Specially Serviced Mortgage Loan Status Reports, REO Status Reports and Other Reports. (a) The Special Servicer shall prepare, or cause to be prepared, and deliver to the Master Servicer, for delivery, separately or as part of the Master Servicer's reports, to the Directing Certificateholder, the Trustee and and, if requested, each Rating Agency, via facsimile (with a hard copy sent on the same day by first-class mail and in electronic format reasonably acceptable to the Master Servicer and related Primary Servicer the Trustee and consistent with Accepted Special Servicing Practices) Practices not later than 12:00 noon, New York City time, the eighth third (8th3rd) Business Day immediately preceding each Distribution Date, a copy of a Specially Serviced Mortgage all data fields and reports needed to produce the CMSA IRP (excluding the CMSA Loan Set-up File, the CMSA Servicer Watch List, the CMSA Bond Level File and REO Status Report in CMSA Collateral Summary File) for the form of Exhibit V heretopreceding Remittance Period, with respect to each Specially Serviced Mortgage Loan and REO Mortgage Loan, respectively. In addition, upon the occurrence of a Collateral Value Adjustment or Realized Loss resulting from a Collateral Value Adjustment Event or Liquidation Event from which a Collateral Value Adjustment, Realized Loss or Collateral Value Adjustment Recovery Amount has resultedEvent, the Special Servicer Servicer, in consultation with the Directing Certificateholder, shall prepare, or cause to be prepared, and deliver to the Master Servicer, for delivery to the related Primary ServicerTrustee, the Trustee Directing Certificateholder and each Rating Agency, via facsimile (with a hard copy sent on the same day by first-class mail or in electronic format reasonably acceptable to the Master Servicer and consistent with Accepted Special Servicing Practices) not later than the eighth (8th) Business Day Determination Date immediately preceding each Distribution Date, an Officers' Certificate setting forth (i) the event which gave rise to such Collateral Value Adjustment or Realized Loss and (ii) the amount of such Collateral Value Adjustment, Adjustment or Realized Loss or Loss. The Master Servicer will verify the accuracy of the mathematical computation of the Collateral Value Adjustment Recovery Amountby the Special Servicer and that the amounts used therein are consistent with the Master Servicer's records.

Specially Serviced Mortgage Loan Status Reports, REO Status Reports and Other Reports. (a) The Special Servicer shall prepare, or cause to be prepared, and deliver to the Master Servicer, the Trustee and each Rating Agency, via facsimile (with a hard copy sent on the same day by first-class mail and in electronic format reasonably acceptable to the Master Servicer and related Primary Servicer the Trustee and consistent with Accepted Special Servicing Practices) not later than the eighth third (8th3rd) Business Day immediately preceding each Distribution Date, a copy of a Specially Serviced Mortgage Loan and REO Status Report in the form of Exhibit V hereto, with respect to each Specially Serviced Mortgage Loan and REO Mortgage Loan, respectively. In addition, upon the occurrence of a Collateral Value Adjustment Event or Liquidation Event from which a Collateral Value Adjustment, Realized Loss or Collateral Value Adjustment Recovery Amount has resulted, the Special Servicer shall prepare, or cause to be prepared, and deliver to the Master Servicer, the related Primary Servicer, the Trustee and each Rating Agency, via facsimile (with a hard copy sent on the same day by first-class mail or in electronic format reasonably acceptable to the Master Servicer and consistent with Accepted Special Servicing Practices) not later than the eighth third (8th3rd) Business Day immediately preceding each Distribution Date, an Officers' Certificate setting forth (i) the event which gave rise to such Collateral Value Adjustment or Realized Loss and (ii) the amount of such Collateral Value Adjustment, Realized Loss or Collateral Value Adjustment Recovery Amount.

Specially Serviced Mortgage Loan Status Reports, REO Status Reports and Other Reports. (a) The Special Servicer shall prepare, or cause to be prepared, and deliver to the Master Servicer, the Trustee and each Rating Agency, via facsimile (with a hard copy sent on the same day by first-class mail and in electronic format reasonably acceptable to the Master Servicer and related Primary Servicer the Trustee and consistent with Accepted Special Servicing Practices) not later than the eighth third (8th3rd) Business Day immediately preceding each Distribution Date, a copy of a Specially Serviced Mortgage Loan and REO Status Report in the form of Exhibit V hereto, with respect to each Specially Serviced Mortgage Loan and REO Mortgage Loan, respectively. In addition, upon the occurrence of a Collateral Value Adjustment Event or Liquidation Event from which a Collateral Value Adjustment, Realized Loss or Collateral Value Adjustment Recovery Amount has resultedresulting from a Collateral Value Adjustment Event or Liquidation Event, the Special Servicer shall prepare, or cause to be prepared, and deliver to the Master Servicer, the related Primary Servicer, the Trustee and each Rating Agency, via facsimile (with a hard copy sent on the same day by first-class mail or in electronic format reasonably acceptable to the Master Servicer and consistent with Accepted Special Servicing Practices) not later than the eighth third (8th3rd) Business Day immediately preceding each Distribution Date, an Officers' Certificate setting forth (i) the event which gave rise to such Collateral Value Adjustment or Realized Loss and (ii) the amount of such Collateral Value Adjustment, Realized Loss or Collateral Value Adjustment Recovery Amount.

Specially Serviced Mortgage Loan Status Reports, REO Status Reports and Other Reports. (a) The Special Servicer shall prepare, or cause to be prepared, and deliver to the Master Servicer, the Directing Certificateholder, the Trustee and and, if requested, each Rating Agency, via facsimile (with a hard copy sent on the same day by first-class mail and Agency in electronic format reasonably acceptable to the Master Servicer and related Primary Servicer the Trustee and consistent with Accepted Special Servicing Practices) Practices not later than 12:00 noon, New York City time, the eighth third (8th3rd) Business Day immediately preceding each Distribution Date, a copy of a Specially Serviced Mortgage all data fields and reports needed to produce the CMSA IRP (excluding the Loan Set-up File, the Watch List, the bond file and REO Status Report in collateral summary file) for the form of Exhibit V heretopreceding Remittance Period, with respect to each Specially Serviced Mortgage Loan and REO Mortgage Loan, respectively. In addition, upon the occurrence of a Collateral Value Adjustment or Realized Loss resulting from a Collateral Value Adjustment Event or Liquidation Event from which a Collateral Value Adjustment, Realized Loss or Collateral Value Adjustment Recovery Amount has resultedEvent, the Special Servicer shall prepare, or cause to be prepared, and deliver to the Master Servicer, the related Primary ServicerTrustee, the Trustee Directing Certificateholder and each Rating Agency, via facsimile (with a hard copy sent on the same day by first-class mail or in electronic format reasonably acceptable to the Master Servicer and consistent with Accepted Special Servicing Practices) not later than the eighth third (8th3rd) Business Day immediately preceding each Distribution Date, an Officers' Certificate setting forth (i) the event which gave rise to such Collateral Value Adjustment or Realized Loss and (ii) the amount of such Collateral Value Adjustment, Adjustment or Realized Loss or Loss. The Master Servicer will verify the accuracy of the mathematical computation of the Collateral Value Adjustment Recovery Amountby the Special Servicer and that the amounts used therein are consistent with the Master Servicer's records.