Common use of Statements to Master Servicer Clause in Contracts

Statements to Master Servicer. (a) Not later than the tenth (10th) calendar day of each month (or if such calendar day is not a Business Day, the immediately preceding Business Day), the Servicer shall furnish to the Master Servicer and the NIMS Insurer an electronic monthly remittance advice in the Fidelity (or any successor thereto) S50Y format (or in such other formats mutually agreed to between the Servicer and the Master Servicer), such advice relating to the period ending on the last day of the preceding calendar month and a monthly loan loss report in the format set forth in Exhibit E hereto; provided however, the information provided pursuant to Exhibit E shall be limited to that which is readily available to the Servicer and is mutually agreed to between the Servicer and the Master Servicer. The format of this monthly reporting may be amended from time to time to the extent necessary to comply with applicable law. In connection with prepayments in full, the Servicer will use its best efforts to deliver to the Master Servicer by the 15th calendar day of each month, but in no event later than the 17th day of each month, a monthly payoff remittance advice. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities Administrator, the NIMS Insurer and the Seller which includes on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund.

Statements to Master Servicer. (a) Not later than the tenth (10th) calendar day of each month (or if such calendar day is not a Business Day, the immediately preceding Business Day), the Servicer shall furnish to the Master Servicer and the NIMS Insurer an electronic monthly remittance advice in the Fidelity (or any successor thereto) S50Y format (or in such other formats mutually agreed to between the Servicer and the Master Servicer), such advice relating to the period ending on the last day of the preceding calendar month and a monthly loan loss report in the format set forth in Exhibit E hereto; provided however, the information provided pursuant to Exhibit E shall be limited to that which is readily available to the Servicer and is mutually agreed to between the Servicer and the Master Servicer. The format of this monthly reporting may be amended from time to time to the extent necessary to comply with applicable law. In connection with prepayments in full, the Servicer will use its best efforts to deliver to the Master Servicer by the 15th calendar day of each month, but in no event later than the 17th day of each month, a monthly payoff remittance advice. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities Administrator, the NIMS Insurer and the Seller Servicer which includes on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund.

Statements to Master Servicer. (a) Not later than the tenth (10th) calendar day of each month (or if such tenth calendar day is not a Business Day, the immediately preceding Business Day), the Servicer shall furnish to the Master Servicer and the NIMS Insurer an electronic (i) a monthly remittance advice in the Fidelity (or any successor thereto) S50Y format set forth in Exhibit D-1 hereto and a monthly defaulted loan report in the format set forth in Exhibit D-2 hereto (or in such other formats format mutually agreed to between the Servicer and the Master Servicer), such advice ) relating to the period ending on the last day of the preceding calendar month and a monthly loan loss report in the format set forth in Exhibit E hereto; provided however, the (ii) all such information provided required pursuant to Exhibit E shall be limited clause (i) above on magnetic tape or other similar media reasonably acceptable to that which is readily available to the Servicer and is mutually agreed to between the Servicer and the Master Servicer. The format of this monthly reporting may be amended from time to time to the extent necessary to comply with applicable law. In connection with prepayments in full, the Servicer will use its best efforts to deliver to the Master Servicer by the 15th calendar day of each month, but in no event later than the 17th day of each month, a monthly payoff remittance advice. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities Administrator, the NIMS Insurer and the Seller which includes on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund. In addition, not more than 60 days after the end of each calendar year, commencing December 31, 2005, the Servicer shall provide (as such information becomes reasonably available to the Servicer) to the Master Servicer and the NIMS Insurer such information concerning the Mortgage Loans and annual remittances to the Master Servicer relating thereto as is necessary for the Master Servicer to prepare the Trust Fund’s federal income tax return and for any investor in the Certificates to prepare any required tax return. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer to the Master Servicer and the NIMS Insurer pursuant to any requirements of the Code as from time to time are in force.

Statements to Master Servicer. (a) Not later than the tenth (10th) calendar day of each month (or if such calendar day is not a Business Day, the immediately preceding Business Day)month, the Servicer shall furnish to the Master Servicer and the NIMS Insurer an electronic monthly remittance advice in the Fidelity (or any successor thereto) S50Y format (or in such other formats mutually agreed to between the Servicer and the Master Servicer), such advice relating to the period ending on the last day of the preceding calendar month and a monthly loan loss report in the format set forth in Exhibit E hereto; provided however, the information provided pursuant to Exhibit E shall be limited to that which is readily available to the Servicer and is mutually agreed to between the Servicer and the Master Servicer. The format of this monthly reporting may be amended from time to time to the extent necessary to comply with applicable law. In connection with prepayments in full, the Servicer will use its best efforts to deliver to the Master Servicer by the 15th calendar day of each month, but in no event later than the 17th day of each month, a monthly payoff remittance advice. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities Administrator, the NIMS Insurer Servicer and the Seller which includes on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund. The Servicer shall prepare and file any and all usual and customary tax returns, information statements or other filings required to be delivered to any governmental taxing authority, the Trustee or its designee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Master Servicer with such information concerning the Mortgage Loans as is necessary for such Master Servicer to prepare federal income tax returns as the Master Servicer may reasonably request from time to time. Such obligation of the Servicer shall be deemed satisfied to the extent that substantially comparable information has been provided by the Servicer throughout the calendar year.

Statements to Master Servicer. (a) Not later than the tenth (10th) calendar day of each month (or if such calendar day is not a Business Day, the immediately preceding Business Day), the Servicer shall furnish to the Master Servicer and the NIMS Insurer an electronic (i) a monthly remittance advice in the Fidelity (or any successor thereto) S50Y format set forth in Exhibit D-1 hereto and a monthly defaulted loan report in the format set forth in Exhibit D-2 hereto (or in such other formats format mutually agreed to between the Servicer and the Master Servicer), such advice ) relating to the period ending on the last day of the preceding calendar month and a monthly loan loss report in the format set forth in Exhibit E hereto; provided however, the D-3 hereto and (ii) all such information provided required pursuant to Exhibit E shall be limited to that which is readily available clause (i) above on a magnetic tape or other similar media reasonably acceptable to the Servicer and is mutually agreed to between the Master Servicer and the Master Servicer, whose agreement shall not be unreasonably withheld. The format of this monthly reporting may be amended from time to time to the extent necessary to comply with applicable law. In connection with prepayments in full, the Servicer will use its best efforts to deliver to the Master Servicer by the 15th calendar day of each month, but in no event later than the 17th day of each month, a monthly payoff remittance advice. Such monthly remittance advice shall also be accompanied by with a supplemental report provided to the Master Servicer, the Securities Administrator, the NIMS Insurer Servicer and the Seller which includes on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policyfiled, (ii) the amount of any claim payments made on any LPMI Policymade, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI PMI Policy purchased by the Seller on behalf of the Trust Fund; provided, however, notwithstanding anything to the contrary contained in a PMI Policy, the Servicer shall not be required to submit any supplemental reports including the foregoing data with respect to any such PMI Policy until a reporting date that is at least 15 days after the Servicer has received sufficient loan level information from the Seller to appropriately code its servicing system in accordance with requirements.

Statements to Master Servicer. (a) Not later than the tenth (10th) calendar day of each month (or if such calendar day is not a Business Day, the immediately preceding Business Day), the Servicer shall furnish to the Master Servicer and the NIMS Insurer an electronic monthly remittance advice in the Fidelity (or any successor thereto) S50Y format (or attached hereto as Exhibit N, the default loan data attached hereto as Exhibit M and information regarding realized losses and gains in such other formats mutually agreed to between the Servicer and the Master Servicer)format attached hereto as Exhibit L, such advice relating to the period ending on the last day of the preceding calendar month month, and a monthly loan loss report in the format set forth in Exhibit E hereto; provided provided, however, the information provided pursuant to Exhibit E shall be limited to that which is readily available to the Servicer and is mutually agreed to between the Servicer and the Master Servicer. The format of this monthly reporting may be amended from time to time to the extent necessary to comply with applicable law. In connection with prepayments in full, the Servicer will use its best efforts to deliver to the Master Servicer by the 15th calendar day of each month, but in no event later than the 17th day of each month, a monthly payoff remittance advice. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities Administrator, the NIMS Insurer Trust Administrator and the Seller which that includes on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund.

Statements to Master Servicer. (a) Not later than the tenth (10th) calendar day of each month (or if such calendar day is not a Business Day, the immediately preceding Business Day), the Servicer shall furnish to the Master Servicer and the NIMS Insurer an electronic (i) a monthly remittance advice in the Fidelity (or any successor thereto) S50Y format set forth in Exhibit E-1 hereto, a monthly defaulted loan report in the format set forth in Exhibit E-2 hereto (or in such other formats format mutually agreed to between the Servicer and the Master Servicer), such advice ) relating to the period ending on the last day of the preceding calendar month and month, a monthly loan loss report in the format set forth in Exhibit E heretoE-3 hereto (or in such other format mutually agreed to between the Servicer and the Master Servicer) and a monthly modified loan report in the format set forth in Exhibit E-4 hereto (or in such other format mutually agreed to between the Servicer and the Master Servicer) and (ii) all such information required pursuant to clause (i) above on a magnetic tape or other similar media reasonably acceptable to the Master Servicer; provided provided, however, the information provided pursuant to required by Exhibit E shall be E-2 and Exhibit E-3 is limited to that which is readily available to the Servicer and is mutually agreed to between by the Servicer and the Master Servicer. The format of this monthly reporting may be amended from time to time to the extent necessary to comply with applicable law. In connection with prepayments in full, the Servicer will use its best efforts to deliver to the Master Servicer by the 15th calendar day of each month, but in no event later than the 17th day of each month, a monthly payoff remittance advice. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities Administrator, the NIMS Insurer and the Seller Servicer which includes on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund.

Statements to Master Servicer. (a) Not later than the tenth (10th) calendar day of each month (or if such calendar day is not a Business Day, the immediately preceding Business Day)month, the Servicer shall furnish to the Master Servicer and the NIMS Insurer an electronic monthly remittance advice in the Fidelity (or any successor thereto) S50Y format (or in such other formats mutually agreed to between the Servicer and the Master Servicer), such advice relating to the period ending on the last day of the preceding calendar month and a monthly loan loss report in the format set forth in Exhibit E hereto; provided however, the information provided pursuant to Exhibit E shall be limited to that which is readily available to the Servicer and is mutually agreed to between the Servicer and the Master Servicer. The format of this monthly reporting may be amended from time to time to the extent necessary to comply with applicable law. In connection with prepayments in full, the Servicer will use its best efforts to deliver to the Master Servicer by the 15th calendar day of each month, but in no event later than the 17th day of each month, a monthly payoff remittance advice. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities Administrator, the NIMS Insurer Servicer and the Seller which includes on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund. The Servicer shall prepare and file any and all usual and customary tax returns, information statements or other filings required to be delivered to any governmental taxing authority, the Trustee or its designee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare federal income tax returns as the Trustee may reasonably request from time to time. Such obligation of the Servicer shall be deemed satisfied to the extent that substantially comparable information has been provided by the Servicer throughout the calendar year.

Statements to Master Servicer. (a) Not later than the tenth (10th) calendar day of each month (or if such calendar day is not a Business Day, the immediately preceding Business Day), the Servicer shall furnish to the Master Servicer and the NIMS Insurer an electronic monthly remittance advice in the Fidelity (or any successor thereto) S50Y format (or in such other formats mutually agreed to between the Servicer and the Master Servicer), such advice relating to the period ending on the last day of the preceding calendar month and a monthly loan loss report in the format set forth in Exhibit E hereto; provided however, the information provided pursuant to Exhibit E shall be limited to that which is readily available to the Servicer and is mutually agreed to between the Servicer and the Master Servicer. The format of this monthly reporting may be amended from time to time to the extent necessary to comply with applicable law. In connection with prepayments in full, the Servicer will use its best efforts to deliver to the Master Servicer by the 15th calendar day of each month, but in no event later than the 17th day of each month, a monthly payoff remittance advice. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities AdministratorTrustee, the NIMS Insurer and the Seller which includes on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund.

Statements to Master Servicer. (a) Not later than the tenth (10th) calendar day Business Day of each month (or if such calendar day is not a Business Day, the immediately preceding Business Day)month, the Servicer shall furnish to the Master Servicer and the NIMS Insurer an electronic monthly remittance advice in the Fidelity (or any successor thereto) S50Y format (or attached hereto as Exhibit N, the default loan data attached hereto as Exhibit M and information regarding realized losses and gains in such other formats mutually agreed to between the Servicer and the Master Servicer)format attached hereto as Exhibit L, such advice relating to the period ending on the last day of the preceding calendar month month, and a monthly loan loss report in the format set forth in Exhibit E hereto; provided provided, however, the information provided pursuant to Exhibit E shall be limited to that which is readily available to the Servicer and is mutually agreed to between the Servicer and the Master Servicer. The format of this monthly reporting may be amended from time to time to the extent necessary to comply with applicable law. In connection with prepayments in full, the Servicer will use its best efforts to deliver to the Master Servicer by the 15th calendar day of each month, but in no event later than the 17th day of each month, a monthly payoff remittance advice. Such monthly remittance advice shall also be accompanied by a supplemental report provided to the Master Servicer, the Securities Administrator, the NIMS Insurer Trust Administrator and the Seller which that includes on an aggregate basis for the previous Due Period (i) the amount of claims filed on any LPMI Policy, (ii) the amount of any claim payments made on any LPMI Policy, (iii) the amount of claims denied or curtailed on any LPMI Policy and (iv) policies cancelled with respect to those Mortgage Loans covered by any LPMI Policy purchased by the Seller on behalf of the Trust Fund.. In addition, with respect to any Mortgage Loan that has been modified, the Servicer shall provide the following information: