Common use of Statements to Purchaser Clause in Contracts

Statements to Purchaser. i) Not later than the Remittance Date, the Seller shall furnish to the Purchaser a Monthly Remittance Advice, with a trial balance report attached thereto, in the form of Exhibit 1-1 annexed hereto and a Standard Layout for Defaulted Loan Report in the form of Exhibit 1-2 annexed hereto in hard copy and electronic medium mutually acceptable to the parties as to the preceding remittance and the period ending on the last day of the preceding month. In addition, not more than 60 days after the end of each calendar year, the Seller shall furnish to each Person who was a Purchaser at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to the aggregate of remittances for the applicable portion of such year. Such obligation of the Seller shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Seller pursuant to any requirements of the Internal Revenue Code as from time to time are in force. The Seller shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority or to the Purchaser pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Seller shall provide the Purchaser with such information concerning the Mortgage Loans as is necessary for the Purchaser to prepare its federal income tax return as the Purchaser may reasonably request from time to time.

Statements to Purchaser. i) Not later than the Remittance Datethird Business Day or the fifth calendar day of each month, the Seller shall furnish to the Purchaser a Monthly Remittance Advice, with a trial balance report attached thereto, in the form of Exhibit 1-1 5 annexed hereto and a Standard Layout for Defaulted Loan Report in the form of Exhibit 1-2 6 annexed hereto in hard copy and electronic medium mutually acceptable to the parties as to the preceding remittance and the period ending on the last day of the preceding month. In addition, not more than 60 days after the end of each calendar year, the Seller shall furnish to each Person who was a Purchaser at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to the aggregate of remittances for the applicable portion of such year. Such obligation of the Seller shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Seller pursuant to any requirements of the Internal Revenue Code as from time to time are in force. The Seller shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority or to the Purchaser pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Seller shall provide the Purchaser with such information concerning the Mortgage Loans as is necessary for the Purchaser to prepare its federal income tax return as the Purchaser may reasonably request from time to time.

Statements to Purchaser. iOn or before the fifth (5th) Not later than the Remittance DateBusiness Day of each month, the Servicer shall provide the Owner an electronically transmitted file containing the data set forth in Exhibit J or such data as may be mutually agreed to by Seller shall furnish to the Purchaser a Monthly Remittance Advice, with a trial balance report attached thereto, in the form of Exhibit 1-1 annexed hereto and a Standard Layout for Defaulted Loan Report in the form of Exhibit 1-2 annexed hereto in hard copy and electronic medium mutually acceptable to the parties as to the preceding remittance and the period ending on the last day of the preceding monthPurchaser. In addition, not more than 60 days within a reasonable period of time after the end of each calendar year, the Seller shall will furnish a report to each Person who that was a Purchaser at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to year. Such report shall state the aggregate of remittances amounts (a) remitted on each Remittance Date which is allocable to principal and allocable to interest and (b) of servicing compensation received by Seller as servicer on each Remittance Date for such calendar year or, in the event such Person was a Purchaser of record during only a portion of such calendar year, for the applicable portion of such year. Such obligation of the Seller shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Seller pursuant to any requirements of the Internal Revenue Code of 1986 as from time to time are in force. The Seller shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority or to the Purchaser pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Seller shall provide the Purchaser with such information concerning the Mortgage Loans as is necessary for the such Purchaser to prepare its federal income tax return as the Purchaser may reasonably request from time to time.

Statements to Purchaser. iOn or before the fifth (5th) Not later than the Remittance DateBusiness Day of each month, the Seller shall furnish to provide the Purchaser a Monthly Remittance Advice, with a trial balance report attached thereto, an electronically transmitted file containing the data set forth in the form of Exhibit 1-1 annexed hereto and a Standard Layout for Defaulted Loan Report in the form of Exhibit 1-2 annexed hereto in hard copy and electronic medium mutually acceptable to the parties as to the preceding remittance and the period ending on the last day of the preceding month. K. In addition, not more than 60 upon request of Purchaser, within sixty (60) days after the end of each calendar year, the Seller shall will furnish a report to each Person who that was a Purchaser at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to year. Such report shall state the aggregate of remittances amounts (a) remitted on each Remittance Date which is allocable to principal and allocable to interest and (b) of servicing compensation received by Seller as servicer on each Remittance Date for such calendar year or, in the event such Person was a Purchaser of record during only a portion of such calendar year, for the applicable portion of such year. Such obligation of the Seller shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Seller pursuant to any requirements of the Internal Revenue Code as from time to time are in forceCode. The Seller shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority or to the Purchaser pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Seller shall provide the Purchaser with such information concerning the Mortgage Loans as is necessary for the such Purchaser to prepare its federal income tax return as the Purchaser may reasonably request from time to time.

Statements to Purchaser. i) Not later than the Remittance Date3rd day of each month (or if such 3rd day is not a Business Day, the Seller preceding Business Day), the Servicer shall furnish to the Purchaser a Monthly Remittance Advice, with a trial balance report attached thereto, in the form of Exhibit 1-1 annexed hereto and a Standard Layout for Defaulted Loan Report in the form of Exhibit 1-2 annexed hereto in hard copy and via electronic medium mutually acceptable to the parties as to the preceding remittance and the period ending on the last day of preceding Determination Date. Such statement shall also include Static Pool Information regarding the preceding monthMortgage Loans. In addition, not more than 60 days after the end of each calendar year, the Seller Servicer shall furnish to each Person who was a Purchaser at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to the aggregate of remittances for the applicable portion of such year. Such obligation of the Seller Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Seller Servicer pursuant to any requirements of the Internal Revenue Code as from time to time are in force. The Seller Servicer shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority or to the Purchaser pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Seller Servicer shall provide the Purchaser with such information concerning the Mortgage Loans as is necessary for the Purchaser to prepare its federal income tax return as the Purchaser may reasonably request from time to timetime and which is reasonably available to the Servicer. On the 5th Business Day of each month (the "Data Dictionary Delivery Date"), the Servicer shall deliver to the Purchaser by FTP an electronic data file incorporating the fields set forth on Exhibit 10 hereto (the "Data Dictionary").

Statements to Purchaser. i) Not later than the Remittance Dateseven (7) Business Days after each month end, the Seller shall furnish to the Purchaser a Monthly Remittance Advicean individual loan accounting report, with a trial balance report attached theretoas of the last Business Day of each month, in the form of Seller's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. The corresponding individual loan accounting report shall be on a disk or tape or other computer-readable format in such format as may be mutually agreed upon by both Purchaser and Seller, and shall contain the information set forth in Exhibit 1-1 annexed hereto and a Standard Layout for Defaulted Loan Report in the form of Exhibit 1-2 annexed hereto in hard copy and electronic medium mutually acceptable to the parties as to the preceding remittance and the period ending on the last day of the preceding monthL hereto. In addition, not more than 60 days within a reasonable period of time after the end of each calendar year, the Seller shall will furnish a report to each Person who that was a Purchaser at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to year. Such report shall state the aggregate of remittances amounts (a) remitted on each Remittance Date which is allocable to principal and allocable to interest and (b) of servicing compensation received by Seller as servicer on each Remittance Date for such calendar year or, in the event such Person was a Purchaser of record during only a portion of such calendar year, for the applicable portion of such year. Such obligation of the Seller shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Seller pursuant to any requirements of the Internal Revenue Code of 1986 as from time to time are in force. The Seller shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority or to the Purchaser pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Seller shall provide the Purchaser with such information concerning the Mortgage Loans as is necessary for the such Purchaser to prepare its federal income tax return as the Purchaser may reasonably request from time to time.

Statements to Purchaser. i) Not later than the date which is two Business Days prior to the Remittance Date, the Seller Interim Servicer shall furnish to the Purchaser a Monthly Remittance Advice, with a trial balance report attached thereto, thereto in the form of Exhibit 1-1 annexed hereto and a Standard Layout for Defaulted Loan Report in the form of Exhibit 1-2 annexed hereto in hard copy and electronic medium mutually acceptable to the parties as to the preceding remittance and the period ending on the last day of preceding Determination Date. At a minimum, the preceding monthtrial balance report must contain the fields attached hereto on Schedule 1. In addition, not more than 60 days after the end of each calendar year, the Seller Interim Servicer shall furnish to each Person who was a Purchaser at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to the aggregate of remittances for the applicable portion of such year. Such obligation of the Seller Interim Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Seller Interim Servicer pursuant to any requirements of the Internal Revenue Code as from time to time are in force. The Seller Interim Servicer shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority or to the Purchaser pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Seller Interim Servicer shall provide the Purchaser with such information concerning the Mortgage Loans as is necessary for the Purchaser to prepare its federal income tax return as the Purchaser may reasonably request from time to time.

Statements to Purchaser. i(a) Not later than the Remittance Date, the Seller shall furnish to the Purchaser a Monthly Remittance Advice, with a trial balance report attached thereto, in the form of Exhibit 1-1 annexed hereto and a Standard Layout for Defaulted Loan Report in the form of Exhibit 1-2 annexed hereto in hard copy and electronic medium mutually acceptable to the parties as to the preceding remittance and the period ending on the last day of the preceding month. In addition, not more than 60 days after the end of each calendar year, the Seller shall furnish to each Person who was a Purchaser at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to the aggregate of remittances for the applicable portion of such year. Such obligation of the Seller shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Seller pursuant to any requirements of the Internal Revenue Code as from time to time are in force. The Seller shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority or to the Purchaser pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Seller shall provide the Purchaser with such information concerning the Mortgage Loans as is necessary for the Purchaser to prepare its federal income tax return as the Purchaser may reasonably request from time to time.