Common use of Statements to the Owner Clause in Contracts

Statements to the Owner. Not later than the Business Day immediately following each Remittance Date, the Servicer shall deliver to the Owner: (a)(i) a monthly remittance statement with respect to distributions to the Owner under Section 5.01, and (ii) in the event of a Pass-Through Transfer for which Servicer continues to service any Mortgage Loan, a monthly remittance statement with respect to distributions to such Investor, each in a form set forth on Exhibit H hereto; and (b)(i) a monthly default report with respect to Mortgage Loans owned by the Owner and (b)(ii) in the event of a Pass-Through Transfer for which Servicer continues to service any Mortgage Loan, a monthly default report with respect to Mortgage Loans owned by such Investor. In addition, not more than 60 days after the end of each calendar year, upon receipt of written request by the Owner, the Servicer will furnish to each Person who was an Owner 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 Servicer 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.