Common use of Statements to the Owner Clause in Contracts

Statements to the Owner. Not later than the 10th day of each month (or if such day is not a Business Day, the preceding Business Day), the Company shall furnish to the Owner (and up to two designees of the Owner) a Monthly Remittance Advice, with a trial balance report attached thereto, and an electronic tape, computer diskette or other electronic data transmission in a format agreed to by the Company and the Owner, containing the information set forth in Exhibit F hereto, as to the related remittance and the period ending on the last day of the preceding Due Period. Upon reconstitution of some or all of the Mortgage Loans as contemplated by Article XII, the Company shall prepare the reports required by any related Reconstitution Agreement and shall also submit appropriate reports to the Owner’s designee in a form and format mutually satisfactory to the Company and such designee. In addition, not more than 60 days after the end of each calendar year, upon receipt of written request by the Owner, the Company will furnish at any time during such calendar year, a listing of the principal balances of the Mortgage Loans outstanding at the end of such calendar year. The Company shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority (other than those required to be filed by the Owner) or to the Owner pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby.