Common use of Statements to Servicer Clause in Contracts

Statements to Servicer. (a) The Subservicer shall deliver to the Servicer a servicer report in the form, and setting forth the information with respect to each Program Portfolio, as specified in the applicable Program Portfolio Schedule (each, a “Servicer Report”) or, if not so specified, as mutually agreed to by the parties from time to time. Each Servicer Report shall be delivered on the date specified in the relevant Program Portfolio Schedule for the applicable Program Portfolio. (b) The Subservicer shall deliver to the Servicer a monthly invoice (each, a “Monthly Invoice”) two Business Days prior to the third Business Day of each month setting forth the Servicing Fee and Reimbursables, if any, for the related Collection Period.