Statements to the Trustee. The Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "Report"), as of the last Business Day of each month, in the Servicer's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 14, 2006, in the case of the initial Report) a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database), in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the following: (i) with respect to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period; (ii) the amount of Servicing Compensation received by the Servicer during the prior Due Period; (iii) the aggregate Stated Principal Balance of the Mortgage Loans; (iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and (v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. The Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's assigned loan number order, and such other loan level information as described on Exhibits K and L, in electronic tape form. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s income tax returns as the Trustee may reasonably request from time to time.
Appears in 2 contracts
Samples: Grantor Trust Agreement (GreenPoint Mortgage Funding Trust 2005-Ar1), Pooling and Servicing Agreement (GreenPoint Mortgage Funding Trust 2005-Ar1)
Statements to the Trustee. The Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "Report"), as of the last Business Day of each month, in the Servicer's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 14May 10, 20062007, in the case of the initial Report), and with respect to information as to Principal Prepayments in full and Prepayment Charges, no later than one (1) Business Day immediately following each Prepayment Period, a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database)format, in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the following:
(i) with respect to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period;
(ii) the amount of Servicing Compensation received by the Servicer during the prior Due Period;
(iii) the aggregate Stated Principal Balance of the Mortgage Loans;
(iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. The Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's assigned loan number order, and such other loan level information as described on Exhibits K and L, in electronic tape form. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s 's income tax returns as the Trustee may reasonably request from time to time.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar4), Grantor Trust Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar4)
Statements to the Trustee. (a) The Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "Report"), as of the last Business Day of each month, in the Servicer's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 14July 10, 20062007, in the case of the initial Report), and with respect to information as to Principal Prepayments in full and Prepayment Charges, no later than one (1) Business Day immediately following each Prepayment Period, a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database)format, in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the following:
(i) with respect to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period;
(ii) the amount of Servicing Compensation received by the Servicer during the prior Due Period;
(iii) the aggregate Stated Principal Balance of the Mortgage Loans;
(iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. .
(b) The Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's assigned loan number order, and such other loan level information as described on Exhibits K and L, in electronic tape form. .
(c) The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s 's income tax returns as the Trustee may reasonably request from time to time.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar5), Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar5)
Statements to the Trustee. The Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "Report"), as of the last Business Day of each month, in the Servicer's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 14November 10, 2006, in the case of the initial Report) a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database), in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the following:
(i) with respect to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period;
(ii) the amount of Servicing Compensation received by the Servicer during the prior Due Period;
(iii) the aggregate Stated Principal Balance of the Mortgage Loans;
(iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. The Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's assigned loan number order, and such other loan level information as described on Exhibits K and L, in electronic tape form. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s 's income tax returns as the Trustee may reasonably request from time to time.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Ar3), Grantor Trust Agreement (Bear Stearns Mortgage Funding Trust 2006-Ar3)
Statements to the Trustee. The Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "“Report"”), as of the last Business Day of each month, in the Servicer's ’s assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 14August 10, 2006, in the case of the initial Report) a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database), in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the following:
(i) with respect to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period;
(ii) the amount of Servicing Compensation received by the Servicer during the prior Due Period;
(iii) the aggregate Stated Principal Balance of the Mortgage Loans;
(iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. The Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's ’s assigned loan number order, and such other loan level information as described on Exhibits K and L, in electronic tape form. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s income tax returns as the Trustee may reasonably request from time to time.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Mortage Funding Trust 2006-Ar2), Grantor Trust Agreement (Bear Stearns Mortage Funding Trust 2006-Ar2)
Statements to the Trustee. The Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "Report"), as of the last Business Day of each month, in the Servicer's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 14May 10, 2006, in the case of the initial Report) a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database), in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the following:
(i) with respect to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period;
(ii) the amount of Servicing Compensation received by the Servicer during the prior Due Period;
(iii) the aggregate Stated Principal Balance of the Mortgage Loans;
(iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. The Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's assigned loan number order, and such other loan level information as described on Exhibits K and L, in electronic tape form. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s 's income tax returns as the Trustee may reasonably request from time to time.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GreenPoint MFT 2006-Ar3)
Statements to the Trustee. The Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "Report"), as of the last Business Day of each monthmonth (or May 31, 2005, in the case of the initial Report), in the Servicer's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March June 14, 20062005, in the case of the initial Report) a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database), in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the following:
(i) with respect to each Monthly Payment Payment, received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period;
(ii) the amount of Servicing Compensation received by the Servicer during the prior Due Period;
(iii) the aggregate Stated Principal Balance of the Mortgage Loans;
(iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. The Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's assigned loan number order, and such other loan level information as described on Exhibits K and L, in electronic tape form. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s 's income tax returns as the Trustee may reasonably request from time to time.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GreenPoint MTA Trust 2005-Ar2)
Statements to the Trustee. The Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "“Report"”), as of the last Business Day of each month, in the Servicer's ’s assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 14February 10, 20062007, in the case of the initial Report), and with respect to information as to Principal Prepayments in full and Prepayment Charges, no later than one (1) Business Day immediately following each Prepayment Period, a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database)format, in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the following:
(i) with respect to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period;
(ii) the amount of Servicing Compensation received by the Servicer during the prior Due Period;
(iii) the aggregate Stated Principal Balance of the Mortgage Loans;
(iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. The Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's ’s assigned loan number order, and such other loan level information as described on Exhibits K and L, in electronic tape form. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s income tax returns as the Trustee may reasonably request from time to time.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar1)
Statements to the Trustee. The Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "Report"), as of the last Business Day of each month, in the Servicer's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 14April 10, 20062007, in the case of the initial Report), and with respect to information as to Principal Prepayments in full and Prepayment Charges, no later than one (1) Business Day immediately following each Prepayment Period, a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database)format, in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the following:: 113
(i) with respect to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period;
(ii) the amount of Servicing Compensation received by the Servicer during the prior Due Period;
(iii) the aggregate Stated Principal Balance of the Mortgage Loans;
(iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. The Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's assigned loan number order, and such other loan level information as described on Exhibits K and L, in electronic tape form. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s 's income tax returns as the Trustee may reasonably request from time to time.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar3)
Statements to the Trustee. The Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "Report"), as of the last Business Day of each month, in the Servicer's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 14August 12, 20062005, in the case of the initial Report) a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database), in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the following:
(i) with respect to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period;
(ii) the amount of Servicing Compensation received by the Servicer during the prior Due Period;
(iii) the aggregate Stated Scheduled Principal Balance of the Mortgage Loans;
(iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. The Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's assigned loan number order, and such other loan level information as described on Exhibits K and L, in electronic tape form. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s income tax returns as the Trustee may reasonably request from time to time.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GreenPoint MTA Trust 2005-Ar4)
Statements to the Trustee. The Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "Report"), as of the last Business Day of each month, in the Servicer's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 14July 15, 20062005, in the case of the initial Report) a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database), in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the following:
(i) with respect to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period;
(ii) the amount of Servicing Compensation received by the Servicer during the prior Due Period;
(iii) the aggregate Stated Scheduled Principal Balance of the Mortgage Loans;
(iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. The Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's assigned loan number order, and such other loan level information as described on Exhibits K and L, in electronic tape form. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s income tax returns as the Trustee may reasonably request from time to time.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GreenPoint MTA Trust 2005-Ar3)
Statements to the Trustee. The Master Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "Report"), as of the last Business Day of each month, in the Master Servicer's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 14August 10, 2006, in the case of the initial Report) a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database), in such format as may be mutually agreed upon by both the Trustee and the Master Servicer, and in hard copy, which Report shall contain the following:
(i) with respect to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period;
(ii) the amount of Servicing Compensation servicing compensation received by the Master Servicer during the prior Due Period;
(iii) the aggregate Stated Principal Balance of the Mortgage Loans;
(iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. The Master Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's assigned loan number order, and such other loan level information as described on Exhibits K Q and LR, in electronic tape form. The Master Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Master Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s income tax returns as the Trustee may reasonably request from time to time.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Ac1)
Statements to the Trustee. The Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "Report"), as of the last Business Day of each month, in the Servicer's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 14December 10, 2006, in the case of the initial Report) a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database), in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the following:
(i) with respect to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period;
(ii) the amount of Servicing Compensation received by the Servicer during the prior Due Period;
(iii) the aggregate Stated Principal Balance of the Mortgage Loans;
(iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. The Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's assigned loan number order, and such other loan level information as described on Exhibits K and L, in electronic tape form. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s 's income tax returns as the Trustee may reasonably request from time to time.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Ar4)
Statements to the Trustee. The Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "Report"), as of the last Business Day of each month, in the Servicer's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 14August 10, 2006, in the case of the initial Report) a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database), in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the following:
(i) with respect to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period;
(ii) the amount of Servicing Compensation received by the Servicer during the prior Due Period;
(iii) the aggregate Stated Principal Balance of the Mortgage Loans;
(iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. The Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's assigned loan number order, and such other loan level information as described on Exhibits K and L, in electronic tape form. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s 's income tax returns as the Trustee may reasonably request from time to time.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Ar1)
Statements to the Trustee. The Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "Report"), as of the last Business Day of each month, in the Servicer's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 1410, 20062007, in the case of the initial Report), and with respect to information as to Principal Prepayments in full and Prepayment Charges, no later than one (1) Business Day immediately following each Prepayment Period a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database)format, in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the following:
(i) with respect to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period;
(ii) the amount of Servicing Compensation received by the Servicer during the prior Due Period;
(iii) the aggregate Stated Principal Balance of the Mortgage Loans;
(iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. The Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's assigned loan number order, and such other loan level information as described on Exhibits K and L, in electronic tape form. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s 's income tax returns as the Trustee may reasonably request from time to time.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar2)
Statements to the Trustee. (a) The Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "Report"), as of the last Business Day of each month, in the Servicer's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 14September 10, 20062007, in the case of the initial Report), and with respect to information as to Principal Prepayments in full and Prepayment Charges, no later than one (1) Business Day immediately following each Prepayment Period, a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database)format, in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the following:
(i) with respect to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period;
(ii) the amount of Servicing Compensation received by the Servicer during the prior Due Period;
(iii) the aggregate Stated Principal Balance of the Mortgage Loans;
(iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. .
(b) The Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's assigned loan number order, and such other loan level information as described on Exhibits K and L, in electronic tape form. .
(c) The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s 's income tax returns as the Trustee may reasonably request from time to time.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments II Trust 2007-Ar4)
Statements to the Trustee. The Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "Report"), as of the last Business Day of each month, in the Servicer's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 14January 10, 20062007, in the case of the initial Report), and with respect to information as to Principal Prepayments in full and Prepayment Charges, no later than one (1) Business Day immediately following each Prepayment Period, a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database)format, in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the following:
(i) with respect to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period;
(ii) the amount of Servicing Compensation received by the Servicer during the prior Due Period;
(iii) the aggregate Stated Principal Balance of the Mortgage Loans;
(iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. The Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's assigned loan number order, and such other loan level information as described on Exhibits K and L, in electronic tape form. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s income tax returns as the Trustee may reasonably request from time to time.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Ar5)
Statements to the Trustee. The Servicer shall furnish to THE CERTIFICATEHOLDERS AND OTHERS.
(a) On or before 5:00 p.m. Central time on the Trustee an individual Mortgage Loan accounting report (a "Report"), as of the last third Business Day of immediately preceding each month, in the Servicer's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 14such other date as may be agreed to by the Securities Administrator and the Master Servicer), 2006the Master Servicer shall deliver to the Securities Administrator with respect to all Mortgage Loans, a report in the form of a computer readable magnetic tape (or by such other means as the Master Servicer and the Securities Administrator may agree from time to time) containing such data and information, as agreed to by the Master Servicer and the Securities Administrator so as to permit the Securities Administrator to prepare the monthly Remittance Report (as defined below). The Securities Administrator shall deliver a Remittance Report to the Trustee on or before 5:00 p.m. Eastern time on the Business Day immediately preceding each Distribution Date. The Securities Administrator shall make available to the other parties hereto and each Certificateholder on the Securities Administrator's internet website as set forth below, a report (the "Remittance Report") containing the following information, expressed with respect to clauses (i) through (vii) in the aggregate and as a Fractional Undivided Interest representing, in the case of a Class of Senior Certificates or Subordinate Certificates, an initial Current Principal Amount of $25,000, in the case of the Class B-IO Certificates, an initial Report) a report Class B-IO Notional Amount of $10,000,000, or in the case of each Class of Residual Certificates, an Excel (or compatible) electronic format (that can be downloaded into a Sybase database), in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the followinginitial Current Principal Amount of $50:
(i) with respect the Current Principal Amount or Class B-IO Notional Amount of each Class of Certificates immediately prior to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment PeriodDistribution Date;
(ii) the amount of Servicing Compensation received by the Servicer during related distribution to each Class allocable to principal, separately identifying (A) the prior Due Periodaggregate amount of any Principal Prepayments included therein, (B) the aggregate of all Scheduled Payments of principal included therein, (C) the principal portion of all Net Liquidation Proceeds included therein, (D) the amount of any Subsequent Recoveries included therein and (E) the Group I and Group II Extra Principal Distribution Amount (if any);
(iii) the aggregate Stated Principal Balance amount of the Mortgage Loanssuch distribution to each Class allocable to interest;
(iv) the number Interest Carry Forward Amounts and aggregate outstanding principal balances any Unpaid Applied Realized Loss Amounts, if applicable, for each Class of Mortgage Loans Certificates (a) Delinquent (1) 30 to 59 daysother than the Class B-IO Certificates and the Residual Certificates), (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; andif any;
(v) the Current Principal Amount or Class B-IO Notional Amount, as applicable, of each Class after giving effect (i) to all distributions allocable to principal on such other data as may reasonably be required by Distribution Date in reduction of Current Principal Amount, (ii), if applicable, the Trustee allocation of any Applied Realized Loss Amounts in order reduction of Current Principal Amount for such Distribution Date and (iii) if applicable, the allocation of Subsequent Recoveries to make distributions increase Current Principal Amount for such Distribution Date;
(vi) the cumulative amount of Applied Realized Loss Amounts to date and the Unpaid Applied Realized Loss Amounts for each Class of Subordinate Certificates after giving effect to the Certificateholders distributions and allocations of Applied Realized Loss Amounts on such Distribution Date. The Servicer shall also provide with ;
(vii) the Net Interest Shortfall allocated to each Class of Certificates in reduction of Current Interest or, in the case of the Class B-IO Certificates and each class of Class R Certificates, distributions of Group I or Group II Excess Cashflow otherwise distributable to each such Report a trial balanceclass;
(viii) the Pass-Through Rate for each Class of Certificates with respect to the current Interest Accrual Period, sorted and, if applicable, in the Trustee's assigned loan number ordercase of a Class of Group I Certificates, and whether such other loan level information as described on Exhibits K and LPass-Through Rate was limited by the Interest Rate Cap or the cap of 10.750% per annum;
(ix) the amount of any Group I or Group II Excess Cashflow Amount;
(x) the aggregate of the Scheduled Principal Balances of (i) the hybrid Mortgage Loans, in electronic tape form. The their fixed rate period, stating separately the aggregate Scheduled Principal Balance of each of the Three-Year Hybrid Mortgage Loans, the Five-Year Hybrid Mortgage Loans, the Seven-Year Hybrid Mortgage Loans and the Ten-Year Hybrid Mortgage Loans, (ii) the Converted Mortgage Loans and the Modified Mortgage Loans, (iii) the adjustable rate Mortgage Loans (other than any such Mortgage Loans that have become Converted Mortgage Loans or Modified Mortgage Loans) and (iv) all of the Mortgage Loans in each Loan Subgroup and in each Loan Group as of the last day of the immediately preceding Due Period;
(xi) the related amount of the Master Servicing Fees paid to or retained by the Master Servicer shall prepare and file the Servicing Fees paid to or retained by each Servicer for the related Due Period;
(xii) the amount of any Monthly Advances, Compensating Interest Payments and all information statements outstanding unreimbursed advances by the Master Servicer or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law Servicers included in such distribution with respect to the Mortgage Loans in each Loan Subgroup;
(xiii) the amount of Scheduled Principal, Principal Prepayments, Net Liquidation Proceeds (including but separately identifying the principal amount of principal prepayments, Insurance Proceeds, the purchase price in connection with the purchase of Mortgage Loans, cash deposits in connection with substitutions of Mortgage Loans), Subsequent Recoveries and the transactions contemplated hereby. In additionnumber and principal balance of Mortgage Loans purchased or substituted for during the immediately preceding Prepayment Period or Due Period, as applicable, and cumulatively since the Servicer shall provide Cut-off Date with respect to each Loan Subgroup;
(xiv) the Trustee with number of Mortgage Loans (excluding REO Property) remaining in each Loan Subgroup as of the end of the related Prepayment Period;
(xv) information regarding any Mortgage Loan delinquencies as of the end of the related Prepayment Period, including the aggregate number and aggregate Outstanding Principal Balance of Mortgage Loans in each Loan Subgroup (a) delinquent 30 to 59 days on a contractual basis, (b) delinquent 60 to 89 days on a contractual basis, and (c) delinquent 90 or more days on a contractual basis, in each case as of the close of business on the last Business Day of the immediately preceding month;
(xvi) the number of Mortgage Loans in each Loan Subgroup in the foreclosure process as of the end of the related Due Period and the aggregate Outstanding Principal Balance of such information concerning Mortgage Loans;
(xvii) the number and aggregate Outstanding Principal Balance of all Mortgage Loans in each Loan Subgroup as to which the Mortgaged Property was REO Property as of the end of the related Due Period;
(xviii) the three month rolling average of the aggregate Scheduled Principal Balance of Mortgage Loans in each Loan Group that are 60 or more days delinquent or are in bankruptcy or foreclosure or are REO Properties, as a percentage of the aggregate Scheduled Principal Balance of the Mortgage Loans as is necessary for of the last day of the related Due Period;
(xix) the aggregate amount of Realized Losses with respect to each Loan Group (i) during the related Prepayment Period and cumulatively since the Cut-off Date, including the amount and source (separately identified) of any distribution in respect thereof included in such distribution and (ii) since the Closing Date, as a percentage of the aggregate Scheduled Principal Balance of the Mortgage Loans of the respective Loan Group on the Closing Date; and
(xx) whether a Trigger Event exists with respect to each Loan Group. The information set forth above shall be calculated or reported, as the case may be, by the Securities Administrator, based solely on, and to the extent of, information provided to the Securities Administrator by the Master Servicer. The Securities Administrator may conclusively rely on such information and shall not be required to confirm, verify or recalculate any such information. The Securities Administrator may make available each month, to any interested party , the monthly statement to Certificateholders via the Securities Administrator's website initially located at "www.ctslink.com." Assistance in using the website can be obtained xx xxxxxxx xxx Securities Administrator's customer service desk at (301) 815-6600. Parties that are unable to use the above distribuxxxx xxxxxx xxe entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall have the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Securities Administrator shall provide timely and adequate notification to all parties regarding any such change.
(b) By April 30 of each year beginning in 2005, the Trustee will furnish such report to each Holder of the Certificates of record at any time during the prior calendar year as to the aggregate of amounts reported pursuant to subclauses (a)(ii), (a)(iii) and (a)(iv) above with respect to the Certificates, plus information with respect to the amount of servicing compensation (which information shall be provided on a timely basis to the Trustee by the Securities Administrator) and such other customary information as the Securities Administrator may determine and advises the Trustee to be necessary and/or to be required by the Internal Revenue Service or by a federal or state law or rules or regulations to enable such Holders to prepare the Trust’s income their tax returns as for such calendar year. Such obligations shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Securities Administrator or the Trustee may reasonably request from time pursuant to timethe requirements of the Code.
Appears in 1 contract
Samples: Trust, Pooling and Servicing Agreement (Structured Asset Mortgage Investments Ii Inc)
Statements to the Trustee. The Servicer shall furnish to the Trustee an individual Mortgage Loan accounting report (a "Report"), as of the last Business Day of each month, in the Servicer's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Trustee no later than the 10th calendar day of the month of the related Distribution Date (or March 14April 10, 2006, in the case of the initial Report) a report in an Excel (or compatible) electronic format (that can be downloaded into a Sybase database), in such format as may be mutually agreed upon by both the Trustee and the Servicer, and in hard copy, which Report shall contain the following:
(i) with respect to each Monthly Payment received or advanced during the related Due Period, the amount of such remittance allocable to interest and to principal; the amount of Principal Prepayments and prepayment penalties received during the related Prepayment Period;
(ii) the amount of Servicing Compensation received by the Servicer during the prior Due Period;
(iii) the aggregate Stated Principal Balance of the Mortgage Loans;
(iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) Delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and
(v) such other data as may reasonably be required by the Trustee in order to make distributions to the Certificateholders on such Distribution Date. The Servicer shall also provide with each such Report a trial balance, sorted in the Trustee's assigned loan number order, and such other loan level information as described on Exhibits K and L, in electronic tape form. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Trustee pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Trustee with such information concerning the Mortgage Loans as is necessary for the Trustee to prepare the Trust’s 's income tax returns as the Trustee may reasonably request from time to time.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GreenPoint MFT 2006-Ar2)