Common use of Statements to the Owner Clause in Contracts

Statements to the Owner. (a) With the exception of the P-185 (Report of Mortgage Accruals as of Date), which is to be delivered daily, the reports listed on EXHIBIT G will be delivered to Owner, as to all Mortgage Loans, within five (5) Business Days after the "cut-off" date specified in EXHIBIT G. The forms of these reports are contained in, and such reports will be generated by, the Company's EDP, and the Company shall use its best efforts to deliver such reports via electronic means to the Owner or its designee. The Company shall provide the Owner separate reports for the Portfolio Mortgage Loans, Special Portfolio Mortgage Loans, Warehouse Mortgage Loans and Special Warehouse Mortgage Loans. (b) The Company shall provide the Owner with such information concerning the Mortgage Loans as is necessary for the Owner to prepare its federal income tax return as the Owner may reasonably request from time to time; provided, however, that if such information is not required by any other Transaction Agreement, or is not contained in a standard report produced by the Company's EDP, any set-up costs incurred by the Company to provide such information shall be borne by the Owner.

Appears in 4 contracts

Samples: Portfolio Servicing Agreement (Merrill Lynch Mortgage Investors Inc), Portfolio Servicing Agreement (Merrill Lynch Mort Invest Inc MLCC 2003-B Mort Ps THR Cert), Portfolio Servicing Agreement (Merrill Lynch Mortgage Investors Inc)

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Statements to the Owner. (a) With the exception of the P-185 (Report of Mortgage Accruals as of Date), which is to be delivered daily, the reports listed on EXHIBIT Exhibit G will be delivered to Owner, as at to all Mortgage Loans, within five (5) Business Days after the "cut-off" date specified in EXHIBIT Exhibit G. The forms of these reports are contained in, and such reports will be generated by, the Company's ’s EDP, and the Company shall use its best efforts to deliver such reports via electronic means to the Owner or its designee. The Company shall provide the Owner separate reports for the Portfolio Mortgage Loans, Special Portfolio Mortgage Loans, Warehouse Mortgage Loans and Special Warehouse Mortgage Loans. (b) The Company shall provide the Owner with such information concerning the Mortgage Loans as is necessary for the Owner to prepare its federal income tax return as the Owner may reasonably request from time to time; provided, however, that if such information is not required by any other Transaction Agreement, or is not contained in a standard report produced by the Company's ’s EDP, any set-up costs incurred by the Company to provide such information shall be borne by the Owner.

Appears in 1 contract

Samples: Portfolio Servicing Agreement (PHH Corp)

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