Common use of Statements Clause in Contracts

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2004-8), Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2004-8)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained from contained in the Master Servicer Remittance Report, the Trustee shall (i) prepare and forward by mail to each Holder of the Servicers Regular Certificates and (the “Distribution Date Statement”ii) make available on its website at www.usbank.com/abs for access by e▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ Regular Certificates, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principalprincipal or reduction of Notional Amount, separately identified; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class X Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns[reserved]; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesCollection Period; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance Principal Balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Prepayment Charges collected (including amounts deposited in connection with the full or partial waiver of such Prepayment Charges pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiv) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates Certificates, after giving effect to any distributions the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Offered Certificates, the Class B-3 Certificates and the Class B-4 Certificates for such Distribution Date Date, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date and the amount of any LIBOR Carryover Amounts; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvii) the amount of the Trustee Fee paid; (xviii) the aggregate amount of any Net Interest Shortfalls LIBOR Carryover Amounts distributed on such Distribution Date and the Unpaid Interest Shortfall Amount for amounts remaining after giving effect to distributions thereof on such Distribution Date; (xix) any Overcollateralization Deficiency after giving effect to the Available Funds with respect to each Loan Groupdistribution of principal on such Distribution Date; (xx) whether a Trigger Event has occurred and is continuing, and the Pass-Through Rate cumulative Realized Losses, as a percentage of the original Pool Balance; (xxi) the Available Funds; (xxii) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxixxiii) the Liquidation Report for such Distribution Date; (xxiv) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Servicer or Seller during the related Due Period, Collection Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group;; and (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component aggregate Principal Balance of the Mortgage Loans repurchased by the Servicer (or an affiliate) during the related Certificates Collection Period in connection with Section 3.16. 95 The Trustee may fully rely upon and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 no liability with respect to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible information with respect to the parties, and Mortgage Loans provided by the Securities Administrator shall provide timely and adequate notification to all parties regarding any such changeServicer. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xv) and (xxixviii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Markets, Inc. the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in a format acceptable respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Residual Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (C-Bass MTG Ln as Bk Cert Ser 2004-Cb4), Pooling and Servicing Agreement (C-Bass MTG Ln as Bk Cert Ser 2004-Cb4)

Statements. (a) On Not later than 1:00 p.m., New York time, on the fifth Business Day prior to each Distribution Date, the Securities Administrator Servicer shall make available deliver to the Trustee, each Certificateholder, Trustee by electronic means a computer file containing the Seller, loan level information necessary to permit the Master Servicer and Trustee to calculate the Rating Agency, a statement basedinformation required by clauses (i) through (xxvi) below as of the end of the preceding Prepayment Period or Due Period, as applicable, on loan-level and such other information obtained from as the Master Servicer Trustee shall reasonably require, and the Servicers Seller hereby agrees to provide the Trustee and the Servicer with an amended Prepayment Charge Schedule, if required, at such time. Not later than each Distribution Date the Trustee shall prepare a statement (the “Distribution Date StatementRemittance Report”) as containing the information set forth below with respect to such Distribution Date, which information shall be based upon the distributions loan level information furnished by the Servicer upon which the Trustee shall conclusively rely without independent verification thereof: (i) Available Funds and each Class’ Certificate Rate for the related Distribution Date; (ii) the aggregate amount of the distribution to be made or made, as applicable, each Class of Certificates on such Distribution Date:; (iiii) the amount of the distribution made on such Distribution Date to set forth in paragraph (i) above in respect of interest and the Holders amount thereof in respect of each any Class Interest Carryover Shortfall, and the amount of Certificates allocable to principalany Class Interest Carryover Shortfall remaining; (iiiv) the amount of the distribution made on such Distribution Date to set forth in paragraph (i) above in respect of principal and the Holders amount thereof in respect of each the Class of Certificates allocable to interest; (iii) the Senior PercentagePrincipal Carryover Shortfall, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsany remaining Class Principal Carryover Shortfall; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesExcess Interest paid as principal; (vi) [reserved]the Servicing Fee and the Trustee Fee (including the separate amounts payable to each of the Trustee and its Custodian); (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthDue Period; (viii) the Class Principal Balance of each Class of Certificates after giving effect to payments allocated to principal above; (ix) the Overcollateralization Amount and the Required Overcollateralization Amount as of the close of business on the Distribution Date, after giving effect to distributions of principal on such Distribution Date; (x) whether a Cumulative Loss Event or a Delinquency Event has occurred and is continuing and the calculation thereof; (xi) the aggregate amount of Principal Prepayments received during the related Prepayment Period; (xii) the amount of all Curtailments that were received during the Due Period; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance portion of all REO Properties in each Loan Group as of Monthly Payments received during the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount interest portion of Principal Prepayments with respect to each Loan Group made all Monthly Payments received on the Mortgage Loans during the related Prepayment Due Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period Monthly Advances and the cumulative amount of Realized Losses and Compensating Interest payment to be made on the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only ComponentsDetermination Date; (xvi) the amount to be distributed to the Class Certificate Principal Balance or P Certificates, Class Certificate Notional AmountBIO and Class R Certificateholders, as applicable, of each Class of Certificates and respectively for the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect weighted average remaining term to maturity of each Class of Certificates, for such Distribution Date the Mortgage Loans and the respective portions thereof, if any, remaining unpaid following weighted average Loan Rate as of the distributions made in respect first day of such Certificates on such Distribution Datethe related Due Period; (xviii) the aggregate amount of any Net Interest Shortfalls all payments or reimbursements to the Servicer pursuant to Sections 3.03(ii) and (vi) (as reported by the Unpaid Interest Shortfall Amount for such Distribution DateServicer); (xix) the Available Funds with respect to each Loan Groupnumber of Mortgage Loans outstanding at the beginning and at the end of the related Due Period; (xx) the Passamount of Liquidation Loan Losses experienced during the preceding Due Period and the Cumulative Net Losses as a percentage of the Cut-Through Rate for each Class of Certificates for such Distribution DateOff Date Pool Balance; (xxi) as of the end of the preceding calendar month, the number and Principal Balance of Mortgage Loans which are 30-59 days delinquent; the number and Principal Balance of Mortgage Loans which are 60-89 days delinquent; the number and Principal Balance of Mortgage Loans which are 90 or more days delinquent (including the number and Principal Balance of Mortgage Loans which are in foreclosure; the number and Principal Balance of Mortgage Loans in bankruptcy; and the number and Principal Balance of Mortgage Loans which are REO Property, each separately set forth); (xxii) for the Distribution Dates in July 2003 and August 2003, the amount, if any, on deposit in the First Payment Loan Account; (xxiii) the number and aggregate Principal Balance of Mortgage Loans, other than Mortgage Loans purchased hereunder in default or imminent default, that were modified by the Seller Servicer during the related Due Period, and indicating Period (as reported by the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(iServicer); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable the amount of Net Rate Cap Carryover distributed to each Loan GroupClass of Offered Certificates (other than the Class A-IO Certificates), stating separately any amounts received from the cap provider with respect to the Interest Rate Cap Agreement, and the amount of Net Rate Cap Carryover remaining for each such Class; (xxv) the amount of any Basis Risk Shortfall, if anyon deposit in the Net Rate Cap Fund, and the related accrued interest thereon;amounts of each deposit and withdrawal from such Account; and (xxvi) for each Loan GroupPre-Funding Distribution Date, the remaining amount of Deferred Interest and Net Deferred Interest, if any, for in the Pre-Funding Account. The Trustee shall make available such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added report to the Class Certificate Principal Balance or Component Principal Balance of Servicer, the related Certificates and Principal-Only Components. The Securities Administrator will make Seller, the Distribution Date Statement Certificateholders, the Rating Agencies, Bloomberg (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇ ▇▇▇.▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, Attention: ▇▇▇▇ ▇▇▇▇▇▇) and Intex Solutions (at ▇▇ ▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Attention: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use on the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating suchDistribution Date. The Securities Administrator Trustee may fully rely upon and shall have no liability with respect to information provided by 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 changeServicer. In the case of information furnished pursuant to subclauses (iii), (iii), (iv) and (iivi) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the related Cut-Off Date. The Trustee will make the Remittance Report (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, and the parties to this Agreement via the Trustee’s internet website. The Trustee’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇”. Assistance in using the website can be obtained by calling the Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trustee shall have the right to change the way Remittance Reports are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. As a condition to access the Trustee’s internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Remittance Report and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder Holder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiiv) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe Class R Certificateholders a copy of the reports forwarded to the Holders of the Regular Certificates in respect of such Distribution Date and a statement setting forth the amounts actually distributed to the Class R Certificateholders on such Distribution Date together with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Trustee or and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) The Servicer and the Trustee shall furnish to the Depositor, Inc. on the Seller and each Certificateholder (if requested in writing), during the term of this Agreement, such periodic, special or other reports or information, whether or not provided for herein, as shall be necessary, reasonable or appropriate with respect to the Certificateholder or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided by and in accordance with such applicable instructions and directions (if requested in writing) as the Certificateholder may reasonably require; provided that the Servicer and the Trustee shall be entitled to be reimbursed by such Certificateholder for their respective fees and actual expenses associated with providing such reports, if such reports are not generally produced in the ordinary course of their respective businesses or readily obtainable. (f) Reports and computer diskettes or files furnished by the Servicer pursuant to this Agreement shall be deemed confidential and of a monthly basisproprietary nature, and shall supply an electronic tape not be copied or distributed except to Loan Performance and Intex Solutions the extent required by law or to the Rating Agencies. No Person entitled to receive copies of such reports or diskettes or files or lists of Certificateholders shall use the information therein for the purpose of soliciting the customers of the Seller or for any other purpose except as set forth in a format acceptable to Loan Performance and Intex Solutions on a monthly basisthis Agreement.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Home Equity Loan Asset-Backed Certificates Series 2003-2), Pooling and Servicing Agreement (Home Equity Loan Asset-Backed Certificates Series 2003-2)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to the Trust Administrator by the Master Servicer (which in turn shall be based, as applicable, on information provided to the Master Servicer by the Servicers) the Trust Administrator shall prepare and make available to each Holder of the Regular Certificates, each Servicer, the Credit Risk Manager and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageNet Monthly Excess Cashflow, Senior Prepayment Percentagethe Overcollateralized Amount, Subordinate Percentage the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount fees and expenses of servicing compensation received by each Servicer during the related Due Period Trust Fund accrued and paid on such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (v) the aggregate amount of Advances for the related Due Period and (including the amount general purpose of unreimbursed such Advances); (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans (not including a Liquidated Mortgage Loan as of the end of the Prepayment Period) that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) using the aggregate and for each Loan Group, OTS Method (aas described below) (1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the calendar month preceding Due Periodthe related Distribution Date; (xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxi) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period, which will include the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the aggregate amount of Realized Losses incurred since the Closing Date, which will include the cumulative amount of Realized Losses Subsequent Recoveries received since the Closing Date; (xii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xiii) the Certificate Principal Balance of each Class of Floating Rate Certificates and the amount Class C Certificates, before and after giving effect to the distributions made on such Distribution Date; (xiv) the Monthly Interest Distributable Amount in respect of Realized Lossesthe Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, allocated with respect to each Class the Floating Rate Certificates for such Distribution Date; (xv) the aggregate amount of Certificates any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the related Servicer pursuant to Section 3.24 or Principal-Only Componentspursuant to the related Servicing Agreement; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Credit Enhancement Percentage for such Distribution Date; (xvii) the Interest Distributable Net WAC Rate Carryover Amount in respect of each Class of for the Floating Rate Certificates, if any, for such Distribution Date and the respective portions thereof, if any, amount remaining unpaid following the distributions made in respect of such Certificates after reimbursements therefor on such Distribution Date; (xviii) whether the aggregate amount of any Net Interest Shortfalls Stepdown Date or a Trigger Event has occurred, the Delinquency Percentage for such Distribution Date and the Unpaid Interest Shortfall Amount Realized Loss Percentage for such Distribution Date; (xix) the Available Funds with respect to each Loan Grouptotal cashflows received and the general sources thereof (including amounts received from the Supplemental Interest Trust Trustee under the Interest Rate Swap Agreement, from the Cap Trustee under the Interest Rate Cap Agreement and under the Basis Risk Cap Agreement); (xx) the respective Pass-Through Rates applicable to the Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate for each Class of applicable to the Floating Rate Certificates for such the immediately succeeding Distribution Date; (xxi) payments, if any, made under the aggregate Principal Balance of Mortgage Loans purchased hereunder by Basis Risk Cap Agreement and the Seller during Interest Rate Cap Agreement and the related Due Period, and indicating amount distributed to the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each Floating Rate Certificates from such Mortgage Loanpayments; (xxii) the amount of any Principal Deficiency Amounts Net Swap Payments or Accrued Interest Amounts Swap Termination Payments paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);the Swap Provider; and (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of applicable Record Date, Accrual Period and any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) other applicable determination dates for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, calculating distributions for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Trust Administrator will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Master Servicer, the Servicers, the Depositor and the other parties to this Agreement Rating Agencies via the Securities Trust Administrator’s internet website. The Securities Trust Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ”. Assistance in using the website can be obtained by calling the Securities Trust Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Trust Administrator shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Trust Administrator shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. For all purposes of this Agreement, with respect to any Mortgage Loan, delinquencies shall be determined by the Trust Administrator from information provided by the Servicer and reported by the Trust Administrator based on the “OTS” methodology for determining delinquencies on mortgage loans similar to the Mortgage Loans. By way of example, a Mortgage Loan would be Delinquent with respect to a Monthly Payment due on a Due Date if such Monthly Payment is not made by the close of business on the Mortgage Loan’s next succeeding Due Date, and a Mortgage Loan would be more than 30-days Delinquent with respect to such Monthly Payment if such Monthly Payment were not made by the close of business on the Mortgage Loan’s second succeeding Due Date. Ocwen hereby represents and warrants to the Depositor that this delinquency recognition policy is not less restrictive than any delinquency recognition policy established by the primary safety and soundness regulator, if any, of Ocwen. (b) Within a reasonable period of time after the end of each calendar year, the Securities Trust Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Trust Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Trust Administrator shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trust Administrator deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trust Administrator shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trust Administrator pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Soundview Home Loan Trust 2007-1), Pooling and Servicing Agreement (Soundview Home Loan Trust 2007-1)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the NIMS Insurer, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentage, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate Stated Principal Balance of all Subsequent Mortgage Loans added during the Funding Period; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) [reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Realized Losses, if any, allocated to each Class Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Certificates or Principal-Only ComponentsSubsequent Recoveries received since the Closing Date; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Adjustable-Rate Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Certificates, Adjustable-Rate Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to each Class of Adjustable-Rate Certificates and the distributions made in respect Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each Class of any Net Interest Shortfalls Adjustable-Rate Certificates, if any, for such Distribution Date and the Unpaid Interest Shortfall Amount for amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Adjustable-Rate Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)each Class of Adjustable-Rate Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable to each Loan Grouppayments, if any, made under the Cap Contract; (xxiv) cumulative Recoveries allocable to each Loan Group;the amount on deposit in the Pre-Funding Accounts and the Interest Coverage Accounts; and (xxv) for the amount distribution occurring on the Distribution Date immediately following the end of any Basis Risk Shortfallthe Funding Period, the balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Group I Mortgage Loans and/or Subsequent Group II Mortgage Loans, as applicable, and that is being distributed to the related Class A Certificates as a mandatory distribution of principal, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer, the Credit Risk Manager and the other parties to this Agreement Rating Agencies via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇▇▇.h▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/▇▇▇▇”. Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee’s internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. in a format acceptable the Trustee shall deliver to Bloomberg Financial Marketsthe NIMS Insurer, Inc. on a monthly basisupon request, and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall supply an electronic tape be deemed to Loan Performance have been satisfied to the extent that substantially comparable information shall be prepared and Intex Solutions furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ffh3), Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ffh3)

Statements. (a) On each Distribution Date, based on the Securities Administrator shall make available to Mortgage Loan information contained in the Trustee, each CertificateholderRemittance Report, the Seller, the Master Servicer Trustee shall prepare and the Rating Agencypost on its website at www.ctslink.com, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the "Distribution Date Statement") as to the distributions to be ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ns made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identified and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges, Originator Prepayment Charge Payment Amounts and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class CE Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCollection Period; (v) the aggregate amount of Advances for the related Due Period Collection Period, cumulative unreimbursed Advances and the amount of unreimbursed Servicing Advances and cumulative Nonrecoverable Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group Pool Balance, at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid Principal Balance of the REO Property as of the close of business on the last Business Day of such calendar month and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and Losses; (xiii) the amount Certificate Principal Balance of Realized Losses, if any, allocated to each Class of Certificates Certificates, after giving effect to the distributions, and allocations of Realized Losses or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional AmountApplied Realized Loss Amounts, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixiv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Certificates for such Distribution Date and any related Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixv) the aggregate amount of any Net Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.23; (xvi) the amount of the Trustee Fee paid; (xvii) the Cap Carryover Amounts distributed on such Distribution Date, the amounts remaining after giving effect to distributions thereof on such Distribution Date and the Unpaid Interest Shortfall Amount for amount of all Cap Carryover Amounts covered by withdrawals from the Reserve Account on such Distribution Date; (xviii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xix) whether a Trigger Event has occurred and is continuing, and the Available Funds with respect to each Loan Groupcumulative Realized Losses, as a percentage of the original Pool Balance; (xx) the Pass-Through Rate Available Funds; (xxi) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxixxii) the information contained in the Liquidation Report for such Distribution Date; (xxiii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Master Servicer, the Originator or the Seller during the related Due Period, Prepayment Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxiixxiv) the amount aggregate Principal Balance of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to the Mortgage Loans repurchased by the Master Servicer during the related Prepayment Period in connection with Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group3.16; (xxv) the amount of any Basis the Credit Risk Shortfall, if any, and the related accrued interest thereonManager Fee paid; (xxvi) for the Mortgage Loan identifying number of each Mortgage Loan Groupwith a Prepayment Charge that was the subject of a Principal Prepayment in full during the related Collection Period, the amount of Deferred Interest Prepayment Charge listed on each related Mortgage Note and Net Deferred Interestthe Prepayment Charge collected, if any, for the Servicer Prepayment Charge Payment Amount paid by the Master Servicer or the Originator Prepayment Charge Payment Amount paid by the Originator with respect to each such Loan Group; andMortgage Loan; (xxvii) payments made the amount of any claims made, and any claims rejected, under the Yield Maintenance Agreements, if anyMortgage Insurance Policy during the related Collection Period and the amount of any claims previously paid that are reimbursed to the Insurer (net of the aggregate amount of Premium paid to the Insurer hereunder) pursuant to Section 3.01; and (xxviii) the amount of Net Deferred Interest, if any, added Subsequent Recoveries received during the related Prepayment Period. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Class Certificate Principal Balance or Component Principal Balance of Mortgage Loans provided by the related Certificates and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 changeMaster Servicer. In the case of information furnished pursuant to subclauses (i), (ii) and (iixiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xiv) and (xxixvii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Markets, Inc. the Class R Certificateholder a copy of the reports forwarded to the Regular Certificateholders in a format acceptable respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Class R Certificateholder by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Asset Backed Funding Corp. ABFC Asset Backed Certificates Series 2004-Opt3), Pooling and Servicing Agreement (Abfc Asset-Backed Certificates Series 2004-Opt2)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the NIMS Insurer, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageNet Monthly Excess Cashflow, Senior Prepayment Percentagethe Overcollateralized Amount, Subordinate the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the Overcollateralization Target Amount, the Class M-1 Credit Enhancement Percentage and Subordinate Prepayment the Credit Enhancement Percentage with respect to each Loan Group as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount fees and expenses of servicing compensation received by each Servicer during the related Due Period Trust Fund accrued and paid on such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (v) the aggregate amount of Advances for the related Due Period and (including the amount general purpose of unreimbursed such Advances); (vi) [reserved]the aggregate Principal Balance of the Mortgage Loans and any REO Properties as of the end of the relted Due Period; (vii) the Loan Group aggregate Principal Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Periodany 2nd lien Mortgage Loans; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate Stated Principal Balance of all Subsequent Mortgage Loans added during the Funding Period; (xiiix) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the calendar month preceding Due Periodthe related Distribution Date; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxii) the Delinquency Percentage; (xiii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xiv) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the Certificate Principal Balance of each Class of Class A Certificates, Mezzanine Certificates and the Class C Certificates, before and after giving effect to the distributions, and allocations of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsmade on such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, Mezzanine Certificates and the Apportioned Principal Balances Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to each Class of Class A Certificates, Mezzanine Certificates and the Subordinate Class C Certificates after giving effect to any distributions made thereon, on for such Distribution Date; (xvii) the aggregate amount of any Prepayment Interest Distributable Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24; (xviii) the Net WAC Rate Carryover Amount in respect of for each Class of Class A Certificates and Mezzanine Certificates, if any, for such Distribution Date and the respective portions thereof, if any, amount remaining unpaid following the distributions made in respect of such Certificates after reimbursements therefor on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) whether the Available Funds with respect to each Loan Group; (xx) Stepdown Date or a Trigger Event has occurred and the Pass-Through Rate for each Class of Certificates Realized Loss Percentage for such Distribution Date; (xx) the total cashflows received and the general sources thereof (including amounts received from the Supplemental Interest Trust Trustee under the Interest Rate Swap Agreement, from the Cap Trustee under the Interest Rate Cap Agreement and under the Basis Risk Cap Agreement); (xxi) the aggregate Principal Balance respective Pass-Through Rates applicable to each Class of Mortgage Loans purchased hereunder by Class A Certificates, Mezzanine Certificates and the Seller during Class C Certificates for such Distribution Date and the related Due Period, Pass-Through Rate applicable to each Class of Class A Certificates and indicating Mezzanine Certificates for the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loanimmediately succeeding Distribution Date; (xxii) payments, if any, made under the Interest Rate Cap Contract and the amount distributed to each Class of any Principal Deficiency Amounts or Accrued Certificates from payments made under the Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Rate Cap Contract; (xxiii) current Recoveries allocable to each Loan Groupthe amount of any Net Swap Payments or Swap Termination Payments; (xxiv) cumulative Recoveries allocable to each Loan Groupthe applicable Record Dates, Accrual Periods and Determination Dates for calculating distributions for such Distribution Date; (xxv) the amount of any Basis Risk Shortfall, if any, on deposit in the Pre-Funding Accounts and the related accrued interest thereon;Interest Coverage Accounts; and (xxvi) for each Loan Groupthe distribution occurring on the Distribution Date immediately following the end of the Funding Period, the amount balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Group I Mortgage Loans and/or Subsequent Group II Mortgage Loans, as applicable, and that is being distributed to the related Class A Certificates as a mandatory distribution of Deferred Interest and Net Deferred Interestprincipal, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer, the Credit Risk Manager and the other parties to this Agreement Rating Agencies via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇▇▇.h▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/▇▇▇▇”. Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee’s internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). For all purposes of this Agreement, with respect to any Mortgage Loan, delinquencies shall be determined by the Trustee from information provided by the Servicer and reported by the Trustee based on the OTS methodology for determining delinquencies on mortgage loans similar to the Mortgage Loans. By way of example, a Mortgage Loan would be delinquent with respect to a Scheduled Payment due on a Due Date if such Scheduled Payment is not made by the close of business on the Mortgage Loan’s next succeeding Due Date, and a Mortgage Loan would be more than 30-days Delinquent with respect to such Scheduled Payment if such Scheduled Payment were not made by the close of business on the Mortgage Loan’s second succeeding Due Date. The Servicer hereby represents and warrants to the Depositor that it is not subject to any delinquency recognition policy established by its safety and soundness regulators. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. in a format acceptable the Trustee shall deliver to Bloomberg Financial Marketsthe NIMS Insurer, Inc. on a monthly basisupon request, and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall supply an electronic tape be deemed to Loan Performance have been satisfied to the extent that substantially comparable information shall be prepared and Intex Solutions furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-3), Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-3)

Statements. (a) On Not later than 1:00 p.m., New York time, on the fifth Business Day prior to each Distribution Date, the Securities Administrator Servicer shall make available deliver to the Trustee, each Certificateholder, Trustee by electronic means a computer file containing the Seller, loan level information necessary to permit the Master Servicer and Trustee to calculate the Rating Agency, a statement basedinformation required by clauses (i) through (xxvi) below as of the end of the preceding Prepayment Period or Due Period, as applicable, on loan-level and such other information obtained from as the Master Servicer Trustee shall reasonably require, and the Servicers Seller hereby agrees to provide the Trustee and the Servicer with an amended Prepayment Charge Schedule, if required, at such time. Not later than each Distribution Date the Trustee shall prepare a statement (the “Distribution Date StatementRemittance Report”) as containing the information set forth below with respect to such Distribution Date, which information shall be based solely upon the distributions loan level information furnished by the Servicer upon which the Trustee shall conclusively rely without independent verification thereof: (i) Available Funds and the Certificate Rate for each Class for the related Distribution Date; (ii) the aggregate amount of the distribution to be made or made, as applicable, each Class of Certificates on such Distribution Date:; (iiii) the amount of the distribution made on such Distribution Date to set forth in paragraph (i) above in respect of interest and the Holders amount thereof in respect of each any Class Interest Carryover Shortfall, and the amount of Certificates allocable to principalany Class Interest Carryover Shortfall remaining; (iiiv) the amount of the distribution made on such Distribution Date to set forth in paragraph (i) above in respect of principal and the Holders amount thereof in respect of each the Class of Certificates allocable to interest; (iii) the Senior PercentagePrincipal Carryover Shortfall, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsany remaining Class Principal Carryover Shortfall; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesExcess Interest paid as principal; (vi) [reserved]the Servicing Fee and the Trustee Fee (including the separate amounts payable to each of the Trustee and its Custodian); (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthDue Period; (viii) the Class Principal Balance of each Class of Certificates after giving effect to payments allocated to principal above; (ix) the Overcollateralization Amount and the Required Overcollateralization Amount as of the close of business on the Distribution Date, after giving effect to distributions of principal on such Distribution Date; (x) whether a Cumulative Loss Event or a Delinquency Event has occurred and is continuing and the calculation thereof; (xi) the aggregate amount of Principal Prepayments received during the related Prepayment Period; (xii) the amount of all Curtailments that were received during the Due Period; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance portion of all REO Properties in each Loan Group as of Monthly Payments received during the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount interest portion of Principal Prepayments with respect to each Loan Group made all Monthly Payments received on the Mortgage Loans during the related Prepayment Due Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period Monthly Advances and the cumulative amount of Realized Losses and Compensating Interest payment to be made on the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only ComponentsDetermination Date; (xvi) the amount to be distributed to the Class Certificate Principal Balance or P Certificates, Class Certificate Notional AmountBIO and Class R Certificateholders, as applicable, of each Class of Certificates and respectively for the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect weighted average remaining term to maturity of each Class of Certificates, for such Distribution Date the Mortgage Loans and the respective portions thereof, if any, remaining unpaid following weighted average Loan Rate as of the distributions made in respect first day of such Certificates on such Distribution Datethe related Due Period; (xviii) the aggregate amount of any Net Interest Shortfalls all payments or reimbursements to the Servicer pursuant to Sections 3.03(ii) and (vi) (as reported by the Unpaid Interest Shortfall Amount for such Distribution DateServicer); (xix) the Available Funds with respect to each Loan Groupnumber of Mortgage Loans outstanding at the beginning and at the end of the related Due Period; (xx) the Passamount of Liquidation Loan Losses experienced during the preceding Due Period and the Cumulative Net Losses as a percentage of the Cut-Through Rate for each Class of Certificates for such Distribution DateOff Date Pool Balance; (xxi) as of the end of the preceding calendar month, the number and Principal Balance of Mortgage Loans which are 30-59 days delinquent; the number and Principal Balance of Mortgage Loans which are 60-89 days delinquent; the number and Principal Balance of Mortgage Loans which are 90 or more days delinquent (including the number and Principal Balance of Mortgage Loans which are in foreclosure; the number and Principal Balance of Mortgage Loans in bankruptcy; and the number and Principal Balance of Mortgage Loans which are REO Property, each separately set forth); (xxii) for the Distribution Date in April 2004 and May 2004, the amount, if any, on deposit in the First Payment Loan Account; (xxiii) the number and aggregate Principal Balance of Mortgage Loans, other than Mortgage Loans purchased hereunder in default or imminent default, that were modified by the Seller Servicer during the related Due Period, and indicating Period (as reported by the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(iServicer); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable the amount of Net Rate Cap Carryover distributed to each Loan GroupClass of Offered Certificates (other than the Class A-IO Certificates), stating separately any amounts received from the cap provider with respect to the Interest Rate Cap Agreements, and the amount of Net Rate Cap Carryover remaining for each such Class; (xxv) the amount of any Basis Risk Shortfall, if anyon deposit in the Net Rate Cap Fund, and the related accrued interest thereon;amounts of each deposit and withdrawal from such Account; and (xxvi) for each Loan GroupPre-Funding Distribution Date, the remaining amount of Deferred Interest and Net Deferred Interest, if any, for in the Pre-Funding Account. The Trustee shall make available such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added report to the Servicer, the Seller, the Certificateholders, the Rating Agencies, Bloomberg (at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, Attention: ▇▇▇▇ ▇▇▇▇▇▇) and Intex Solutions (at ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Attention: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇) on the Distribution Date. The Trustee may fully rely upon and shall have no liability with respect to information provided by the Servicer. In the case of information furnished pursuant to subclauses (ii), (iii), (iv) and (vi) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class Certificate Principal Balance or Component Principal Balance for each $1 original dollar amount as of the related Certificates and PrincipalCut-Only ComponentsOff Date. The Securities Administrator Trustee will make the Distribution Date Statement Remittance Report (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ”. Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option options are 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 Trustee shall have the right to change the way such reports Remittance Reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In As a condition to access the case Trustee’s internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information furnished pursuant in accordance with this Agreement. The Trustee shall also be entitled to subclauses rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Remittance Report and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (i) and (ii) above, without suggesting liability on the amounts shall be expressed in a separate section part of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Dateany other party hereto). (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder Holder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiiv) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Class R Certificateholders in the same manner as the Remittance Report is made available to all Certificateholders a copy of the reports forwarded to the Holders of the Regular Certificates in respect of such Distribution Date and a statement setting forth the amounts actually distributed to the Class R Certificateholders on such Distribution Date together with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared by the Tax Matters Persons and furnished to Certificateholders by the Trustee or Tax Matters Person pursuant to any requirements of the Code as from time to time in force. (e) The Servicer and the Trustee shall furnish to the Depositor, Inc. on the Seller and each Certificateholder (if requested in writing), during the term of this Agreement, such periodic, special or other reports or information, whether or not provided for herein, as shall be necessary, reasonable or appropriate with respect to the Certificateholder or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided by and in accordance with such applicable instructions and directions (if requested in writing) as the Certificateholder may reasonably require; provided that the Servicer and the Trustee shall be entitled to be reimbursed by such Certificateholder for their respective fees and actual expenses associated with providing such reports, if such reports are not generally produced in the ordinary course of their respective businesses or readily obtainable. (f) Reports and computer diskettes or files furnished by the Servicer pursuant to this Agreement shall be deemed confidential and of a monthly basisproprietary nature, and shall supply an electronic tape not be copied or distributed except to Loan Performance and Intex Solutions the extent required by law or to the Rating Agencies. No Person entitled to receive copies of such reports or diskettes or files or lists of Certificateholders shall use the information therein for the purpose of soliciting the customers of the Seller or for any other purpose except as set forth in a format acceptable to Loan Performance and Intex Solutions on a monthly basisthis Agreement.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Renaissance Mort Acc Corp Renaissance Home Eq Ln Tr 2004 1), Pooling and Servicing Agreement (Delta Financial Corp)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Swap Provider, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date:Date (the “Monthly Statement”): (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates allocable to principalprincipal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) Net Monthly Excess Cashflow, the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) any fees and expenses of the aggregate amount of servicing compensation received by each Servicer during the related Due Period Trust accrued and paid on such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (v) the aggregate amount of Advances for the related Due Period and (including the amount general purpose of unreimbursed such Advances); (vi) [reserved]the aggregate amount of interest and scheduled principal received or advanced by the Servicer with respect to the related Due Period; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for with respect to each Loan Group Group, the related group balance at the Close of Business at the end of the related Due Period; (viii) for each Loan Groupthe number, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the numberBalance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiix) the number and aggregate unpaid principal balance of Mortgage Loans, Loans (except those Mortgage Loans that are liquidated as of the end of the related Prepayment Period) that were (as determined using the OTS method) (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties; (x) the Distribution Date, and, cumulatively, Delinquency Percentage; (xi) the total number and cumulative principal balance of all REO Properties in each Loan Group Liquidated Mortgage Loans as of the Close of Business of the last day of the preceding Due Prepayment Period, prior to the reduction of each principal balance to zero; (xii) the total number and cumulative principal balance of all REO Properties as of the Close of Business of the last day of the preceding Prepayment Period; (xivxiii) the aggregate amount of Principal Prepayments with respect to each Loan Group in full, the aggregate amount of Principal Prepayments in part and Net Liquidation Proceeds made during the related Prepayment Period; (xvxiv) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and Losses; (xv) the aggregate amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsextraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Class A Certificates, each class of Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, before and after giving effect to any the distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect of such Class A Certificates, the Mezzanine Certificates on and the Class C Certificates for such Distribution Date; (xviii) the aggregate amount of any Net Prepayment Interest Shortfalls and for such Distribution Date, to the Unpaid Interest Shortfall Amount extent not covered by payments by the Servicer pursuant to Section 3.26; (xix) the Senior Credit Enhancement Percentage for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Net WAC Rate Carryover Amount for each class of Class A Certificates and each class of Certificates Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxi) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder by any Net Swap Payments or Swap Termination Payments (a) due from the Seller during Trust and (b) due from the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanSwap Provider; (xxii) whether the amount of any Principal Deficiency Amounts Stepdown Date or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)a Trigger Event is in effect; (xxiii) current Recoveries allocable to each Loan Groupthe total cashflows received (including amounts received from the Supplemental Interest Trust Trustee under the Interest Rate Swap Agreement); (xxiv) cumulative Recoveries allocable the respective Pass-Through Rates applicable to each Loan GroupClass of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to each Class of Class A Certificates and each class of Mezzanine Certificates for the immediately succeeding Distribution Date; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon;on deposit Net WAC Rate Carryover Reserve Account; and (xxvi) the applicable Record Date, Accrual Period and Determination Date for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, calculating distributions for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer, the Swap Provider and the other parties to this Agreement Rating Agencies via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “w▇▇.▇▇▇▇▇▇▇.▇▇▇.” ”. Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access the Trustee’s internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year. In addition, the Securities Administrator shall, upon written request, furnish to each Person who at Trustee will report on Form 10-D any time during material breaches of representations and warranties regarding the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied Mortgage Loans to the extent known to the Trustee and if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that substantially comparable information have become material over time. For all purposes of this Agreement, with respect to any Mortgage Loan, delinquencies shall be prepared and furnished determined by the Securities Administrator Trustee from information provided by the Servicer and reported by the Trustee based on the OTS methodology for determining delinquencies on mortgage loans similar to Certificateholders pursuant the Mortgage Loans. By way of example, a Mortgage Loan would be Delinquent with respect to a Monthly Payment due on a Due Date if such Monthly Payment is not made by the close of business on the Mortgage Loan's next succeeding Due Date, and a Mortgage Loan would be more than 30-days Delinquent with respect to such Monthly Payment if such Monthly Payment were not made by the close of business on the Mortgage Loan’s second succeeding Due Date. The Servicer hereby represents and warrants to the Depositor that it is not subject to any requirements of the Code as are in force from time to timedelinquency recognition policy established by its safety and soundness regulators. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-Cp1), Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-Cp1)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Swap Provider, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date:Date (the “Monthly Statement”): (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates allocable to principalprincipal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) Net Monthly Excess Cashflow, the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) any fees and expenses of the aggregate amount of servicing compensation received by each Servicer during the related Due Period Trust accrued and paid on such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (v) the aggregate amount of Advances for the related Due Period and (including the amount general purpose of unreimbursed such Advances); (vi) [reserved]the aggregate amount of interest and scheduled principal received or advanced by the Servicer with respect to the related Due Period; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for with respect to each Loan Group Group, the related group balance at the Close of Business at the end of the related Due Period; (viii) for each Loan Groupthe number, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the numberBalance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiix) the number and aggregate unpaid principal balance of Mortgage Loans, Loans (except those Mortgage Loans that are liquidated as of the end of the related Prepayment Period) that were (as determined using the OTS method) (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties; (x) the Distribution Date, and, cumulatively, Delinquency Percentage; (xi) the total number and cumulative principal balance of all REO Properties in each Loan Group Liquidated Mortgage Loans as of the Close of Business of the last day of the preceding Due Prepayment Period, prior to the reduction of each principal balance to zero; (xii) the total number and cumulative principal balance of all REO Properties as of the Close of Business of the last day of the preceding Prepayment Period; (xivxiii) the aggregate amount of Principal Prepayments with respect to each Loan Group in full, the aggregate amount of Principal Prepayments in part and Net Liquidation Proceeds made during the related Prepayment Period; (xvxiv) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and Losses; (xv) the aggregate amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsextraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Class A Certificates, each class of Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, before and after giving effect to any the distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect of such Class A Certificates, the Mezzanine Certificates on and the Class C Certificates for such Distribution Date; (xviii) the aggregate amount of any Net Prepayment Interest Shortfalls and for such Distribution Date, to the Unpaid Interest Shortfall Amount extent not covered by payments by the Servicer pursuant to Section 3.26; (xix) the Senior Credit Enhancement Percentage for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Net WAC Rate Carryover Amount for each class of Class A Certificates and each class of Certificates Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxi) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder by any Net Swap Payments or Swap Termination Payments (a) due from the Seller during Trust and (b) due from the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanSwap Provider; (xxii) whether the amount of any Principal Deficiency Amounts Stepdown Date or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)a Trigger Event is in effect; (xxiii) current Recoveries allocable to each Loan Groupthe total cashflows received (including amounts received from the Supplemental Interest Trust Trustee under the Interest Rate Swap Agreement); (xxiv) cumulative Recoveries allocable the respective Pass-Through Rates applicable to each Loan GroupClass of Class A and Mezzanine Certificates for such Distribution Date and the Pass-Through Rate applicable to each Class of Class A Certificates and Mezzanine Certificates for the immediately succeeding Distribution Date; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon;on deposit Net WAC Rate Carryover Reserve Account; and (xxvi) the applicable Record Date, Accrual Period and Determination Date for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, calculating distributions for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer, the Swap Provider and the other parties to this Agreement Rating Agencies via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ”. Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access the Trustee’s internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. In addition, the Trustee will report on Form 10-D any material breaches of representations and warranties regarding the Mortgage Loans to the extent known to the Trustee and if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time. For all purposes of this Agreement, with respect to any Mortgage Loan, delinquencies shall be determined by the Trustee from information provided by the Servicer and reported by the Trustee based on the OTS methodology for determining delinquencies on mortgage loans similar to the Mortgage Loans. By way of example, a Mortgage Loan would be Delinquent with respect to a Monthly Payment due on a Due Date if such Monthly Payment is not made by the close of business on the Mortgage Loan's next succeeding Due Date, and a Mortgage Loan would be more than 30-days Delinquent with respect to such Monthly Payment if such Monthly Payment were not made by the close of business on the Mortgage Loan’s second succeeding Due Date (the “OTS Method”). The Servicer hereby represents and warrants to the Depositor that it is not subject to any delinquency recognition policy established by its safety and soundness regulators. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to the NIMS Insurer and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) For each Distribution Date, Inc. through and including the Distribution Date in December 2007, the Trustee shall calculate the Significance Percentage of the Interest Rate Swap Agreement. If on a monthly basisany such Distribution Date, the Significance Percentage is equal to or greater than 9%, the Trustee shall promptly notify the Depositor and the Depositor, on behalf of the Trustee, shall supply an electronic tape obtain the financial information required to Loan Performance be delivered by the Swap Provider pursuant to the terms of the Interest Rate Swap Agreement. If, on any succeeding Distribution Date through and Intex Solutions including the Distribution Date in a format acceptable December 2007, the Significance Percentage is equal to Loan Performance or greater than 10%, the Trustee shall promptly notify the Depositor and Intex Solutions the Depositor shall, within 5 Business Days of such Distribution Date, deliver to the Trustee the financial information provided to it by the Swap Provider for inclusion in the Form 10-D relating to such Distribution Date. If on a monthly basisany Distribution Date after December 2007, the Significance Percentage is greater than 10%, the Trustee shall include the Significance Percentage on the statement to Certificateholders for the related Distribution Date.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-4), Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-3)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the NIMS Insurer, the Servicer, the Swap Provider and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageNet Monthly Excess Cashflow, Senior Prepayment Percentagethe Overcollateralized Amount, Subordinate the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the Overcollateralization Target Amount and the Credit Enhancement Percentage as of such Distribution Date and Subordinate Prepayment Percentage with respect to each Loan Group the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount fees and expenses of servicing compensation received by each Servicer during the related Due Period Trust Fund accrued and paid on such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (v) the aggregate amount of Advances for the related Due Period and (including the amount general purpose of unreimbursed such Advances); (vi) [reserved]; (vii) the Loan Group aggregate Principal Balance of the Mortgage Loans and related Net WAC and Net WAC Cap for each Loan Group at the Close any REO Properties as of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans (not including a Liquidated Mortgage Loan as of the end of the Prepayment Period) that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) using the aggregate and for each Loan Group, OTS Method (aas described below) (1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the calendar month preceding Due Periodthe related Distribution Date; (xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxi) the Delinquency Percentage and the Realized Loss Percentage; (xii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and which will include the cumulative amount of Realized Losses and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period; (xiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xiv) the Certificate Principal Balance of each Class of Floating Rate Certificates and the Class C Certificates, before and after giving effect to the distributions, and allocations of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to each Class of Floating Rate Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24; (xvii) the Net WAC Rate Carryover Amount for each Class of Floating Rate Certificates, if any, for such Distribution Date and the respective portions thereof, if any, amount remaining unpaid following the distributions made in respect of such Certificates after reimbursements therefor on such Distribution Date; (xviii) whether the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution DateStepdown Date or a Trigger Event has occurred; (xix) the Available Funds with respect to each Loan Grouptotal cashflows received and the general sources thereof (including amounts received from the Supplemental Interest Trust Trustee under the Interest Rate Swap Agreement and from the Cap Trustee under the Interest Rate Cap Agreement and under the Basis Risk Cap Agreement); (xx) the respective Pass-Through Rates applicable to each Class of Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate for applicable to each Class of Floating Rate Certificates for such the immediately succeeding Distribution Date; (xxi) payments, if any, made under the aggregate Principal Balance of Mortgage Loans purchased hereunder by Basis Risk Cap Agreement and the Seller during Interest Rate Cap Agreement and the related Due Period, and indicating amount distributed to the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each Floating Rate Certificates from such Mortgage Loanpayments; (xxii) the amount of any Principal Deficiency Amounts Net Swap Payments or Accrued Interest Amounts Swap Termination Payments paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);the Swap Provider; and (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of applicable Record Date, Accrual Period and any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) other applicable determination dates for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, calculating distributions for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer, the Swap Provider and the other parties to this Agreement Rating Agencies via the Securities Administrator’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇w▇▇.▇▇▇▇▇▇▇.▇▇▇.” . Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇1-▇▇▇▇866-846-4526. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee’s internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. For all purposes of this Agreement, with respect to any Mortgage Loan, delinquencies shall be determined by the Trustee from information provided by the Servicer and reported by the Trustee based on the OTS methodology for determining delinquencies on mortgage loans similar to the Mortgage Loans. By way of example, a Mortgage Loan would be Delinquent with respect to a Monthly Payment due on a Due Date if such Monthly Payment is not made by the close of business on the Mortgage Loan’s next succeeding Due Date, and a Mortgage Loan would be more than 30-days Delinquent with respect to such Monthly Payment if such Monthly Payment were not made by the close of business on the Mortgage Loan’s second succeeding Due Date (the “OTS Method”). The Servicer hereby represents and warrants to the Depositor that this delinquency recognition policy is not less restrictive than any delinquency recognition policy established by the primary safety and soundness regulator, if any, of the Servicer. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply make available to the NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, the Trustee shall deliver to the NIMS Insurer, upon request, and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) On each Distribution Date, the Trustee shall make available an updated electronic loan-level data tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial MarketsInc., Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to each of Bloomberg Financial Markets, Inc., Loan Performance and Intex Solutions on a monthly basisSolutions, and shall supply such electronic loan-level data tape to each Certificateholder who requests such information.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Soundview Home Loan Trust 2007-Opt3), Pooling and Servicing Agreement (Soundview Home Loan Trust 2007-Opt2)

Statements. (a) On each Distribution Date, the Securities Administrator Trustee shall prepare and make available to each Holder of the Trustee, each CertificateholderRegular Certificates, the SellerServicer, the Master Servicer NIMS Insurer, the indenture trustee under the Indenture and the Rating Agency, Agencies a statement basedby electronic medium (as set forth in the penultimate paragraph of this Section 4.03(a)), as applicablebased on information provided to the Trustee by the Servicer or the Swap Counterparty, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of record dates, the accrual period, the determination date and the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principaldate; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to interestPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (iii) the Senior Percentageamount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates), Senior Prepayment Percentageallocable to interest and the Pass-Through Rates, Subordinate Percentage separately identified; (iv) the Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (ivv) by Loan Group and in the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (vvi) the Group I Interest Remittance Amount and the Group II Interest Remittance Amount and the Group I Principal Remittance Amount and the Group II Principal Remittance Amount for such Distribution Date; (vii) the aggregate amount of Advances and Servicing Advances for the related Due Period Period, the amount of unrecovered Advances and ▇▇▇▇▇▇▇▇▇ Advances (after giving effect to Advances and ▇▇▇▇▇▇▇▇▇ Advances made on the Distribution Date) outstanding and the amount of unreimbursed Advances; (vi) [reserved]; (vii) the Loan Group Balance Nonrecoverable Advances and related Net WAC and Net WAC Cap Servicing Advances for each Loan Group at the Close of Business at the end of the related Due Periodsuch Distribution Date; (viii) for each Loan Group, the number and aggregate Stated Principal Balance of the One-Year MTA Indexed Group I Mortgage Loans, the Group II Mortgage Loans and all Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans Period and at the Close of Business at the end beginning of the related Due Period; (xix) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiix) by Loan Group and in the aggregate, the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentdelinquent 30‑59 days, (b) 60 to 89 days Delinquentdelinquent 60‑89 days, (c) 90 delinquent 90-119 days and (d) 120 or more days Delinquentin each case, as of the last day of the preceding calendar month provided, however that any aggregate unpaid principal balance of Mortgage Loans shall be reported as of the last day of the related Due Period, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in bankruptcyforce; (xi) with respect to any Mortgage Loan that became an REO Property during the preceding Prepayment Period, in each case the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the close of business on the last day of the preceding calendar monthdate it became an REO Property; (xiiixii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxiii) by Loan Group and in the aggregate, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xiv) by Loan Group and in the aggregate, the aggregate amount of principal and interest Realized Losses incurred during the related Prepayment Period and the cumulative amount of principal and interest Realized Losses; (xv) the aggregate amount of Realized Losses incurred during Extraordinary Trust Fund Expenses withdrawn from the related Due Period and Collection Account or the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only ComponentsDistribution Account for such Distribution Date; (xvi) the Class Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, before and after giving effect to any the distributions made thereonon such Distribution Date, and the Notional Amount of the Class C Certificates, after giving effect to the distributions made on such Distribution Date; (xvii) the Monthly Interest Distributable Amount in respect of each the Class of A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect of such Class A Certificates on and the Mezzanine Certificates for such Distribution Date; (xviii) by Loan Group and in the aggregate, the aggregate amount of any Net Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24, and the Unpaid aggregate amount of any Relief Act Interest Shortfall Amount Shortfalls for such Distribution Date; (xix) the Available Funds with respect to each Loan GroupCredit Enhancement Percentage for such Distribution Date; (xx) the Pass-Through related Net WAC Rate Carryover Amount for each the Class of A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxi) the aggregate Trustee Fee, the Servicer Fee and the PMI Insurer Fee on such Distribution Date; (xxii) whether a Stepdown Date or a Trigger Event has occurred; (xxiii) the Available Funds; (xxiv) the respective Pass‑Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass‑Through Rate applicable to the Class A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; (xxv) by Loan Group and in the aggregate, the Principal Balance of Mortgage Loans purchased hereunder repurchased by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereonSeller; (xxvi) for each Loan Groupany other information that is required by the Code and regulations thereunder to be made available to Certificateholders; (xxvii) the amount on deposit in the Reserve Fund; (A) the dollar amount of payments received related to claims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related), (B) the aggregate dollar amount of payments received related to claims under the PMI Policy since the Cut-off Date (and the number of Mortgage Loans to which such payments related); and (C) the amount of Deferred Interest coverage remaining under the PMI Policy; (A) the dollar amount of claims made under the PMI Policy that were denied during the related Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the aggregate dollar amount of claims made under the PMI Policy that were denied since the Cut-off Date (and the number of Mortgage Loans to which such denials related); (xxx) the amount of Subsequent Recoveries and Gross Subsequent Recoveries for the related Prepayment Period and the cumulative amount of Subsequent Recoveries and Gross Subsequent Recoveries in the aggregate and for each of Loan Group I and Loan Group II; (xxxi) the Group I Swap Payment, the Group II Swap Payment, the Swap Payment, the Counterparty Payment, the Group I Net Deferred InterestSwap Payment, if anythe Group II Net Swap Payment, the Net Swap Payment and the Net Counterparty Payment for such Loan GroupDistribution Date; the Group I Swap Termination Payment paid on such Distribution Date, the Group II Swap Termination Payment paid on such Distribution Date, the Swap Termination Payment and the Swap Termination Payment remaining unpaid from prior Distribution Dates, and in each case whether payable by the Supplemental Interest Trust Trustee or by the Swap Counterparty; and any Counterparty Payments unpaid from prior Distribution Dates; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviiixxxii) the Group I Final Maturity Reserve Amount, the Group II Final Maturity Reserve Amount, the Supplemental Final Maturity Reserve Amount, the Aggregate Final Maturity Reserve Amount and the aggregate amount of Net Deferred Interest, if any, added to on deposit in the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsFinal Maturity Reserve Account for such Distribution Date. The Securities Administrator will Trustee shall make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Servicer, the NIMS Insurer, the Swap Counterparty and the other parties to this Agreement Rating Agencies via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr. Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇1‑800‑735‑7777. Parties that are unable to use the above distribution option options are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to the Holders of the Residual Certificates and the NIMS Insurer a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, the Trustee shall deliver to each Person who at any time during the calendar year was a Holder of a Residual Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of a Residual Certificate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) On each Distribution Date the Trustee shall provide Bloomberg Financial Markets, Inc. in L.P. (“Bloomberg”) CUSIP level factors for each Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, the Trustee and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basisBloomberg.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Long Beach Mortgage Loan Trust 2006-8), Pooling and Servicing Agreement (Long Beach Mortgage Loan Trust 2006-6)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the NIMS Insurer, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Net Monthly Excess Cashflow, the Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the Overcollateralization Target Amount and the Senior Percentage, Senior Prepayment Percentage, Subordinate Credit Enhancement Percentage as of such Distribution Date and Subordinate Prepayment Percentage with respect to each Loan Group the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount fees and expenses of servicing compensation received by each Servicer during the related Due Period Trust Fund accrued and paid on such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (v) the aggregate amount of Advances for the related Due Period and (including the amount general purpose of unreimbursed such Advances); (vi) [reserved]the aggregate Principal Balance of the Mortgage Loans and any REO Properties as of the end of the relted Due Period; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Groupnumber, the aggregate Stated Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the numberBalance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the calendar month preceding Due Periodthe related Distribution Date; (xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxi) the Delinquency Percentage; (xii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xiv) the Certificate Principal Balance of each Class of Class A Certificates, Mezzanine Certificates and the Class C Certificates, before and after giving effect to the distributions, and allocations of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to each Class of Class A Certificates, Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24; (xvii) the Net WAC Rate Carryover Amount for each Class of Class A and Mezzanine Certificates, if any, for such Distribution Date and the respective portions thereof, if any, amount remaining unpaid following the distributions made in respect of such Certificates after reimbursements therefor on such Distribution Date; (xviii) whether the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution DateStepdown Date or a Trigger Event has occurred; (xix) the Available Funds with respect to each Loan Grouptotal cashflows received and the general sources thereof; (xx) the respective Pass-Through Rates applicable to each Class of Class A Certificates, Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate for applicable to each Class of Class A and Mezzanine Certificates for such the immediately succeeding Distribution Date; (xxi) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, any Net Swap Payments or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;Swap Termination Payments; and (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfallapplicable Record Dates, if any, Accrual Periods and the related accrued interest thereon; (xxvi) Determination Dates for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, calculating distributions for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer, the Credit Risk Manager and the other parties to this Agreement Rating Agencies via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇▇▇.▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr”. Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee’s internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. in a format acceptable the Trustee shall deliver to Bloomberg Financial Marketsthe NIMS Insurer, Inc. on a monthly basisupon request, and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall supply an electronic tape be deemed to Loan Performance have been satisfied to the extent that substantially comparable information shall be prepared and Intex Solutions furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Soundview Home Loan Trust 2006-Opt2), Pooling and Servicing Agreement (Soundview Home Loan Trust 2006-Opt1)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Swap Provider, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date:Date (the “Monthly Statement”): (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates allocable to principalprincipal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) Net Monthly Excess Cashflow, the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) any fees and expenses of the aggregate amount of servicing compensation received by each Servicer during the related Due Period Trust accrued and paid on such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (v) the aggregate amount of Advances for the related Due Period and (including the amount general purpose of unreimbursed such Advances); (vi) [reserved]the aggregate amount of interest and scheduled principal received or advanced by the Servicer with respect to the related Due Period; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for with respect to each Loan Group Group, the related group balance at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiix) the number and aggregate unpaid principal balance of Mortgage Loans, Loans (except those Mortgage Loans that are liquidated as of the end of the related Prepayment Period) that were (as determined using the OTS method) (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties; (x) the Distribution Date, and, cumulatively, Delinquency Percentage; (xi) the total number and cumulative principal balance of all REO Properties in each Loan Group Liquidated Mortgage Loans as of the Close of Business of the last day of the preceding Due Prepayment Period, prior to the reduction of each principal balance to zero; (xii) the total number and cumulative principal balance of all REO Properties as of the Close of Business of the last day of the preceding Prepayment Period; (xivxiii) the aggregate amount of Principal Prepayments with respect to each Loan Group in full, the aggregate amount of Principal Prepayments in part and Net Liquidation Proceeds made during the related Prepayment Period; (xvxiv) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and Losses; (xv) the aggregate amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsextraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Class A Certificates, each class of Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, before and after giving effect to any the distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect of such Class A Certificates, the Mezzanine Certificates on and the Class C Certificates for such Distribution Date; (xviii) the aggregate amount of any Net Prepayment Interest Shortfalls and for such Distribution Date, to the Unpaid Interest Shortfall Amount extent not covered by payments by the Servicer pursuant to Section 3.26; (xix) the Senior Credit Enhancement Percentage for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Net WAC Rate Carryover Amount for each class of Class A Certificates and each class of Certificates Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxi) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder by any Net Swap Payments or Swap Termination Payments (a) due from the Seller during Trust and (b) due from the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanSwap Provider; (xxii) whether the amount of any Principal Deficiency Amounts Stepdown Date or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)a Trigger Event is in effect; (xxiii) current Recoveries allocable to each Loan Groupthe total cashflows received; (xxiv) cumulative Recoveries allocable the respective Pass-Through Rates applicable to each Loan GroupClass of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to each Class of Class A Certificates and each class of Mezzanine Certificates for the immediately succeeding Distribution Date; (xxv) (A) the amount of any Basis Risk Shortfall, if any, payments received related to claims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the cumulative amount of payments received related accrued interest thereonto claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (xxvi) for each Loan Group, A) the dollar amount of Deferred Interest claims made under the PMI Policy that were denied during the Prepayment Period (and Net Deferred Interest, if any, for the number of Mortgage Loans to which such Loan Group; anddenials related) and (B) the dollar amount of the cumulative claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to which such denials related); (xxvii) payments made under the Yield Maintenance Agreements, if anyamount on deposit Net WAC Rate Carryover Reserve Account; and (xxviii) the amount of Net Deferred Interestapplicable Record Date, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates Accrual Period and Principal-Only ComponentsDetermination Date for calculating distributions for such Distribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at “w▇▇.▇▇▇▇▇▇▇.▇▇▇.” ”. Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. In addition, the Trustee will report on Form 10-D any material breaches of representations and warranties regarding the Mortgage Loans to the extent known to the Trustee and if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to the NIMS Insurer and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) For each Distribution Date, Inc. through and including the Distribution Date in December 2006, the Trustee shall calculate the Significance Percentage of the Interest Rate Swap Agreement. If on a monthly basisany such Distribution Date, the Significance Percentage is equal to or greater than 9%, the Trustee shall promptly notify the Depositor and the Depositor, on behalf of the Trustee, shall supply an electronic tape obtain the financial information required to Loan Performance be delivered by the Swap Provider pursuant to the terms of the Interest Rate Swap Agreement. If, on any succeeding Distribution Date through and Intex Solutions including the Distribution Date in a format acceptable December 2006, the Significance Percentage is equal to Loan Performance or greater than 10%, the Trustee shall promptly notify the Depositor and Intex Solutions the Depositor shall, within 5 Business Days of such Distribution Date, deliver to the Trustee the financial information provided to it by the Swap Provider for inclusion in the Form 10-D relating to such Distribution Date. If on a monthly basisany Distribution Date after December 2006, the Significance Percentage is greater than 10%, the Trustee shall include the Significance Percentage on the statement to Certificateholders for the related Distribution Date.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2006-3), Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2006-3)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available to each Holder of the Trustee, each Certificateholder, the SellerRegular Certificates, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class S Certificates), separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 91 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties; (ix) with respect to any Mortgage Loan that became an REO Property during the Distribution Datepreceding Prepayment Period, andthe loan number of such Mortgage Loan, cumulatively, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances Class C Certificates and the Notional Amount of the Subordinate Certificates Class S Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each the Class of A Certificates, the Mezzanine Certificates, the Class C Certificates and the Class S Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates and the Unpaid Interest Shortfall Amount Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid respective Pass-Through Rates applicable to an Undercollateralized Group or amounts paid pursuant the Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass- Through Rate applicable to Section 5.01(e)(i)the Class A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable to each Loan Group;the amount on deposit in the Pre-Funding Account, the Interest Coverage Account and the Reserve Fund; and (xxiv) cumulative Recoveries allocable for the distribution occurring on the Distribution Date immediately following the end of the related Funding Period, the balance on deposit in the Pre-Funding Account that has not been used to each Loan Group; (xxv) purchase Subsequent Mortgage Loans and that is being distributed to the amount Class A Certificates as a mandatory prepayment of any Basis Risk Shortfallprincipal, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet websitewebsite and its fax-on-demand service. The Securities Administrator’s internet website shall initially Trustee's fax-on- demand service may be located at “accessed by calling (301) 815-6610. The Trustee's intern▇▇.▇▇▇▇▇▇▇.▇▇▇.” ll initially be located at "www.ctslink.com". Assistance in using usin▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇r the website fax-on-demand service can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇301) ▇▇▇815-▇▇▇▇6600. Parties that are unable to use the una▇▇▇ ▇▇ ▇▇▇ ▇▇▇ above distribution option options are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Option One Mort Accept Corp Asset Backed Cert Series 2000-3), Pooling and Servicing Agreement (Option One Mort Accept Corp Asset Backed Cert Series 2000-3)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available to each Holder of the Trustee, each Certificateholder, the SellerRegular Certificates, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [reserved]; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Interest, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each Class of any Net Interest Shortfalls Class A Certificates and each Class of Mezzanine Certificates, if any, for such Distribution Date and the Unpaid Interest Shortfall Amount for amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Class A Certificates, each Class of Mezzanine Certificates and the Class C Interest Amounts paid for such Distribution Date and the Pass- Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)each Class of Class A Certificates and each Class of Mezzanine Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable (A) the amount of payments received related to each Loan Groupclaims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the cumulative amount of payments received related to claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (xxivA) the dollar amount of claims made under the PMI Policy that were denied during the Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the dollar amount of the cumulative Recoveries allocable claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to each Loan Group;which such denials related); and (xxv) the amount of any Basis Risk Shortfall, if any, and on deposit in the Dividend Account immediately prior to the related accrued interest thereon; (xxvi) for each Loan GroupMaster Servicer Remittance Date, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and deposited into the Dividend Account on the related Master Servicer Remittance Date (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) separately identifying the amount of Net Deferred Interest, if any, added received from Mortgagors and the amount advanced) and the amount withdrawn from the Dividend Account on the related Master Servicer Remittance Date (separately identifying the amount refunded to Mortgagors and the amount distributed to the Class Certificate Principal Balance or Component Principal Balance holder of the related Certificates and Principal-Only ComponentsDividend Account Certificate on such Distribution Date). The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable 100 information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Financial Assets Sec Corp First Frank Mort Ln Tr 2002-Ff1)

Statements. (a) On each Distribution Date, based on the Securities Administrator shall make available Mortgage Loan information contained in the Remittance Report and, with respect to subsections (xxxiv) and (xxxv) below, after consultation with the Trustee, each CertificateholderDepositor, the Seller, the Master Servicer Trustee shall prepare and the Rating Agencypost on its website at www.ctslink.com, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the "Distribution Date Statement") as to the distributions to be t▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ions made or made, as applicable, on such Distribution Date: (i) the date of such Distribution Date and the Determination Date and LIBOR Determination Date for such Distribution Date; (ii) for each Class, the applicable Record Date and Interest Accrual Period; (iii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identified and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges, Originator Prepayment Charge Payment Amounts and Servicer Prepayment Charge Payment Amounts; (iiiv) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class CE Distributable Amount, separately identified; (iiiv) the Senior PercentageGroup 1 Interest Remittance Amount, Senior Prepayment Percentagethe Group 2 Interest Remittance Amount, Subordinate Percentage the Principal Remittance Amount, the Monthly Excess Interest Amount and Subordinate Prepayment Percentage Monthly Excess Cashflow Amount for such Distribution Date and the Overcollateralization Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency and the Targeted Overcollateralization Amount as of such Distribution Date; (vi) the amount of the Servicing Fee paid to or retained by the Servicer with respect to each Loan Group for during the following Distribution Daterelated Collection Period; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (vvii) the aggregate amount of Advances for the related Due Period Collection Period, cumulative unreimbursed Advances and the amount of unreimbursed cumulative Nonrecoverable Advances; (vi) [reserved]; (viiviii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group Pool Balance, at the Close close of Business business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Collection Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiix) for each Loan Group, the number and aggregate unpaid principal balance of Mortgage Loans, Loans (A) delinquent (exclusive of Mortgage Loans in the aggregate and for each Loan Group, foreclosure or in bankruptcy) (a) 30 to 59 days Delinquentone payment, (b) 60 to 89 days Delinquenttwo payments, (c) 90 three payments or more days Delinquentmore, (dB) as to which foreclosure proceedings have been commenced in foreclosure, and (eC) in bankruptcy, in each case as of the close of business on the last day of the calendar month preceding such Distribution Date; (xi) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid Principal Balance of the REO Property as of the close of business on the last Business Day of such calendar month and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiixii) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxiii) separately stated for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxiv) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and Losses; (xv) the amount Certificate Principal Balance of Realized Losses, if any, allocated to each Class of Certificates Certificates, before and after giving effect to the distributions, and allocations of Realized Losses or Principal-Only ComponentsApplied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xvi) the Class Accrued Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, Certificates for such Distribution Date and any related Interest Carry Forward Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixvii) the aggregate amount of any Net Prepayment Interest Shortfalls and for such Distribution Date, to the Unpaid Interest Shortfall Amount extent not covered by payments by the Servicer pursuant to Section 3.23; (xviii) the amount of the Trustee Fee paid to the Trustee with respect to each Loan Group for such Distribution Date; (xix) the Available Funds with respect Cap Carryover Amounts distributed on such Distribution Date, the amounts remaining after giving effect to each Loan Groupdistributions thereof on such Distribution Date and the amount of all Cap Carryover Amounts covered by withdrawals from the Class A-1 Reserve Account, the Group 2-A Reserve Account and Class M Reserve Account on such Distribution Date; (xx) The balance of the PassClass A-1 Reserve Account, the Group 2-Through A Reserve Account and Class M Reserve Account on such Distribution Date, before and after giving effect to the distributions; (xxi) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxii) whether a Trigger Event has occurred and is continuing (including the calculation demonstrating the existence of the Trigger Event), and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxiii) the Available Funds; (xxiv) the Certificate Interest Rate for each Class of Certificates for such Distribution Date; (xxixxv) the information contained in the Liquidation Report for such Distribution Date; (xxvi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Servicer, the Originator or the Seller during the related Due Period, Prepayment Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxiixxvii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts the Credit Risk Manager Fee paid to an Undercollateralized the Credit Risk Manager with respect to each Loan Group or amounts paid pursuant to Section 5.01(e)(i)for such Distribution Date; (xxiiixxviii) current Recoveries allocable the Mortgage Loan identifying number of each Mortgage Loan with a Prepayment Charge that was the subject of a Principal Prepayment in full during the related Collection Period, the Prepayment Charge listed on each related Mortgage Note and the Prepayment Charge collected, the Servicer Prepayment Charge Payment Amount paid by the Servicer or the Originator Prepayment Charge Payment Amount paid by the Originator with respect to each Loan Groupsuch Mortgage Loan; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxvxxix) the amount of any Basis Risk Shortfall, if any, and Subsequent Recoveries received during the related accrued interest thereonPrepayment Period; (xxvixxx) for each Loan Group, the amount number and aggregate Principal Balance of Deferred Mortgage Loans, the Weighted Average Net Mortgage Rate, the ranges of Mortgage Interest Rates for the Mortgage Loans, separated by 0.25% and Net Deferred Interestthe weighted average remaining term to maturity of the Mortgage Loans, each as of the close of business on the last day of the related Collection Period (after giving effect to Principal Prepayments in the related Prepayment Period); (xxxi) any expenses or indemnification amounts paid by the Trust (other than the Servicing Fee, the Trustee Fee or the Credit Risk Manager Fee), the specific purpose of each payment and the parties to whom such payments were made; (xxxii) the Class A-1 Yield Maintenance Agreement Payment, Group 2-A Yield Maintenance Agreement Payment and the Class M Yield Maintenance Agreement Payment, if any, for such Distribution Date; (xxxiii) any material modifications, extensions or waivers to Mortgage Loan Groupterms, fees, penalties or payments since the previous Distribution Date and cumulatively since the Cut-off Date; (xxxiv) unless such information is set forth in the Form 10-D relating to such Distribution Date and provided the Trustee is reasonably able to include such information on the statement, any material breaches of representations and warranties relating to the Mortgage Loans and any material breach of covenants hereunder; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviiixxxv) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component number and aggregate Principal Balance of any Mortgage Loans repurchased by the related Certificates and Principal-Only ComponentsOriginator, the Seller or the Depositor from the Trust since the previous Distribution Date. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Trustee may fully rely upon and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 no liability with respect to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible information with respect to the parties, and Mortgage Loans provided by the Securities Administrator shall provide timely and adequate notification to all parties regarding any such changeServicer. In the case of information furnished pursuant to subclauses (iiii), (iv) and (iixiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Trustee shall furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xvi) and (xxixix) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Marketseach holder of the Class R and Class R-X Certificates a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to each holder of the Class R and Class R-X Certificates by the Trustee pursuant to any requirements of the Code as from time to time in force. (d) For all purposes of this Agreement, Inc. in with respect to any Mortgage Loan, delinquencies shall be determined and reported based on the so-called "OTS" methodology for determining delinquencies on mortgage loans similar to the Mortgage Loans. By way of example, a format acceptable Mortgage Loan would be one payment delinquent with respect to Bloomberg Financial Markets, Inc. a Monthly Payment due on a monthly basisDue Date if such Monthly Payment is not made by the close of business on the Mortgage Loan's next succeeding Due Date, and shall supply an electronic tape a Mortgage Loan would be two payments delinquent with respect to Loan Performance such Monthly Payment if such Monthly Payment were not made by the close of business on the Mortgage Loan's second succeeding Due Date. The Servicer hereby represents and Intex Solutions in a format acceptable warrants to Loan Performance the Depositor that this delinquency recognition policy is its current policy and Intex Solutions on a monthly basisis not less restrictive than any delinquency recognition policy established by the primary safety and soundness regulator, if any, of the Servicer.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Asset Backed Funding Corp)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available to each Holder of the Trustee, each Certificateholder, the SellerRegular Certificates, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class S Certificates), separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties; (ix) with respect to any Mortgage Loan that became an REO Property during the Distribution Datepreceding Prepayment Period, andthe loan number of such Mortgage Loan, cumulatively, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances Class C Certificates and the Notional Amount of the Subordinate Certificates Class S Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each the Class of A Certificates, the Mezzanine Certificates, the Class C Certificates and the Class S Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates and the Unpaid Interest Shortfall Amount Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid respective Pass-Through Rates applicable to an Undercollateralized Group or amounts paid pursuant the Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass- Through Rate applicable to Section 5.01(e)(i)the Class A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable to each Loan Group[reserved]; (xxiv) cumulative Recoveries allocable to each Loan Group[reserved]; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon[reserved]; (xxvi) for each Loan Groupthe amount on deposit in the Pre-Funding Account, the amount of Deferred Interest Coverage Account and Net Deferred Interest, if any, for such Loan Groupthe Reserve Fund; and (xxvii) payments made under for the Yield Maintenance Agreementsdistribution occurring on the Distribution Date immediately following the end of the related Funding Period, if any; and (xxviii) the amount balance on deposit in the Pre-Funding Account that has not been used to purchase Subsequent Mortgage Loans and that is being distributed to the Class A Certificates as a mandatory prepayment of Net Deferred Interestprincipal, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Componentson such Distribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet websitewebsite and its fax-on-demand service. The Securities Administrator’s Trustee's fax-on- demand service may be accessed by calling (▇▇▇) ▇▇▇-▇▇▇▇. The Trustee's internet website shall initially be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website or the fax-on-demand service can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option options are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Option One Mort Accep Corp Asset Backed Cert Ser 2000-1)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained from contained in the Master Servicer Remittance Report, the Trustee shall prepare and the Servicers (the “Distribution Date Statement”) post on its website at www.jpmorgan.com/absmbs a statement as to the distributions to be made or made, as applicable, on such Distribution Date▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principalprincipal or reduction of Notional Amount, separately identified; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class X Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCollection Period; (v) the aggregate amount of Advances in respect of the Trust Fund and each Loan Group for the related Due Period and the amount of unreimbursed AdvancesCollection Period; (vi) [reserved]; (vii) the Loan Pool Balance and each Group Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans in the Trust Fund and in each Loan Group as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans in the aggregate Trust Fund and for in each Loan Group, Group (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Loan Group of such Mortgage Loan, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in the Trust Fund and each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, both for the Trust Fund as a whole as well as for each Loan Group; (xvxii) the aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to in each Class of Certificates or Principal-Only Componentscase for the Trust Fund as a whole as well as for each Loan Group; (xvixiv) the Class Certificate Principal Balance Balance, or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates Certificates, after giving effect to any distributions the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Offered Certificates (other than the Class A-IO Certificates, ) and the Class B-2 and Class B-3 Certificates for such Distribution Date Date, separately identifying the portions thereof attributable to Net Rate Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixvi) the Group 1 Class A-IO Component Notional Amount, the Group 2 Class A-IO Component Notional Amount and the Group 3 Class A-IO Component Notional Amount; (xvii) the aggregate amount of any Net Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xviii) the amount of the Trustee Fee paid; (xix) the beginning and ending balances of the Basis Risk Reserve Fund on such Distribution Date, the Basis Risk Reserve Fund Deposit for such Distribution Date, and the Unpaid Interest Shortfall Required Basis Risk Reserve Fund Amount for such Distribution Date; (xixxx) the Net Rate Carryover Amounts distributed on such Distribution Date, separately identifying any Net Rate Carryover Amounts paid from amounts received in respect of the Interest Rate Cap Agreements, and any Net Rate Carryover Amounts remaining after giving effect to distributions thereof on such Distribution Date; (xxi) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxii) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxiii) the Available Funds with respect to each Loan GroupFunds; (xxxxiv) the Pass-Through Rate rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxixxv) the Liquidation Report for such Distribution Date; (xxvi) the aggregate Principal Balance of Mortgage Loans in each Loan Group and in the Trust Fund purchased hereunder by the Servicer or Seller during the related Due Period, Collection Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component aggregate Principal Balance of the Mortgage Loans in each Loan Group and in the Trust Fund repurchased by the Servicer (or an affiliate) during the related Certificates and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information Collection Period in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇connection with Section 3.16. Parties that are unable to use the above distribution option http://www.jpmorgan.com/absmbs are entitled to have a paper copy mailed to them via first class mail mai▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇il by calling the customer service desk Trustee at (212) 623-5600 and indicating such. The Securities Administrator Trustee shall have the right to change the ▇▇ ▇▇▇▇▇▇ ▇▇▇ way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xv) and (xxixx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape provide to Bloomberg Financial Markets, Inc. the Residual Certificateholders a copy of the reports provided to the Regular Certificateholders in a format acceptable respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Residual Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Financial Asset Sec Corp C Bass Mort Ln as Bk Ce Se 02-Cb6)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer pursuant to Sections 3.19 and 4.04, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution DateDate which shall include the following information: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest;, separately identified; 115 (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount (if any) and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount (if any) for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate Stated Principal Balance of all Subsequent Mortgage Loans added during the Funding Period; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [Reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses since the Closing Date and the aggregate amount of Realized LossesSubsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the Class C Certificates, after giving effect to the distributions made on such Distribution Date; (xv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, allocated with respect to each the Class of A Certificates, the Mezzanine Certificates, the Class B Certificates or Principal-Only Componentsand the Class C Certificates for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, aggregate amount of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Net Prepayment Interest Shortfalls for such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, Credit Enhancement Percentage for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each Class of any Net Interest Shortfalls Class A Certificates, each Class of Mezzanine Certificates and the Unpaid Interest Shortfall Amount Class B Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Class A Certificates, each Class of Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);each Class of Class A Certificates, each Class of Mezzanine Certificates and the Class B Certificates for the immediately succeeding Distribution Date; and (xxiii) current Recoveries allocable to each Loan Grouppayments, if any, made under the Cap Contract; (xxiv) cumulative Recoveries allocable to each Loan Group;the amount on deposit in the Pre-Funding Accounts; and (xxv) for the amount distribution occurring on the Distribution Date immediately following the end of any Basis Risk Shortfallthe Funding Period, the balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Group I Mortgage Loans and/or Subsequent Group II Mortgage Loans, as applicable, and that is being distributed to the related Class A Certificates as a mandatory distribution of principal, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. 117 The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s internet website. The Securities Administrator’s Trustee's internet website shall initially to be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2004-Ffh2)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available by electronic medium (as set forth in the penultimate paragraph of this Section 4.03(a)) to each Holder of the Regular Certificates, the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class S Certificates), separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates), allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool, for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the Class B/M-8 Early Distribution Amount for such Distribution Date; (vi) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reserved]Period; (vii) the Loan Group aggregate Stated Principal Balance and related Net WAC and Net WAC Cap for each Loan Group of the Mortgage Loans at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiix) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to delinquent 30-59 days Delinquentdays, (b) 60 to delinquent 60-89 days Delinquentdays, (c) delinquent 90 or more days Delinquentin each case, as of the last day of the preceding calendar month provided, however that any aggregate unpaid principal balance of Mortgage Loans shall be reported as of the last day of the related Due Period, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in bankruptcyforce; (x) with respect to any Mortgage Loan that became an REO Property during the preceding Prepayment Period, in each case the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the close of business on the last day of the preceding calendar monthdate it became an REO Property; (xiiixi) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxiii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses; 100 (xiv) the aggregate amount of Extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the amount Class C Certificates, after giving effect to the distributions made on such Distribution Date, and the Notional Amount of Realized Lossesthe Class S Certificates and the Class C Certificates, if any, allocated after giving effect to each Class of Certificates or Principal-Only Componentsthe distributions made on such Distribution Date; (xvi) the Monthly Interest Distributable Amount in respect of the Class Certificate Principal Balance or A Certificates, the Class Certificate Notional AmountS Certificates, as applicablethe Mezzanine Certificates, of each the Class of B Certificates and the Apportioned Principal Balances of Class C Certificates for such Distribution Date and the Subordinate Unpaid Interest Shortfall Amount, if any, with respect to the Class A Certificates, the Class S Certificates, the Mezzanine Certificates after giving effect to any distributions made thereon, on and the Class B Certificates for such Distribution Date; (xvii) the aggregate amount of any Prepayment Interest Distributable Amount in respect of each Class of Certificates, Shortfalls for such Distribution Date Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.24, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect aggregate amount of such Certificates on any Relief Act Interest Shortfalls for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount Credit Enhancement Percentage for such Distribution Date; (xix) the Available Funds with respect to each Loan Grouprelated Net WAC Rate Carryover Amount for the Class A Certificates, the Mezzanine Certificates and the Class B Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) the Pass-Through Rate for each Class of Certificates for Trustee Fee on such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, whether a Stepdown Date or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loana Trigger Event has occurred; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Available Funds; (xxiii) current Recoveries allocable the respective Pass-Through Rates applicable to each Loan Groupthe Class A Certificates, the Class S Certificates, the Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class A Certificates, the Class S Certificates, the Mezzanine Certificates and the Class B Certificates for the immediately succeeding Distribution Date; (xxiv) cumulative Recoveries allocable to each Loan Groupreserved; (xxv) any other information that is required by the amount of any Basis Risk Shortfall, if any, Code and the related accrued interest thereonregulations thereunder to be made available to Certificateholders; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; andon deposit in the Reserve Fund; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of Subsequent Recoveries and Gross Subsequent Recoveries for the related Certificates Prepayment Period and Principal-Only Componentsthe cumulative amount of Subsequent Recoveries and Gross Subsequent Recoveries. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Master Servicer and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇.” /invr. Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇-▇▇▇) -▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option options are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to the Holders of the Class R Certificates a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, the Trustee shall deliver to each Person who at any time during the calendar year was a Holder of a Class R Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of a Class R Certificate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) On each Distribution Date the Trustee shall provide Bloomberg Financial Markets, Inc. in L.P. ("Bloomberg") CUSIP level factors for each Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, the Trustee and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basisBloomberg.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Long Beach Sec Corp Asset-Backed Certs Series 2004-A)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the NIMS Insurer, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) [reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period and the number and aggregate Stated Principal Balance of all Subsequent Mortgage Loans added during the Funding Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Realized Losses, if any, allocated to each Class Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Certificates or Principal-Only ComponentsSubsequent Recoveries received since the Closing Date; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Floating Rate Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Certificates, Floating Rate Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to each Class of Floating Rate Certificates and the distributions made in respect Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each Class of any Net Interest Shortfalls Floating Rate Certificates, if any, for such Distribution Date and the Unpaid Interest Shortfall Amount for amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)each Class of Floating Rate Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable to each Loan Grouppayments, if any, made under the Cap Contract; (xxiv) cumulative Recoveries allocable to each Loan Group;the amount on deposit in the Pre-Funding Accounts and the Interest Coverage Accounts; and (xxv) for the amount distribution occurring on the Distribution Date immediately following the end of any Basis Risk Shortfallthe Funding Period, the balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Group I Mortgage Loans and/or Subsequent Group II Mortgage Loans, as applicable, and that is being distributed to the related Class A Certificates as a mandatory distribution of principal, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer, and the other parties to this Agreement Rating Agencies via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇▇▇.h▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/▇▇▇▇”. Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee’s internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. in a format acceptable the Trustee shall deliver to Bloomberg Financial Marketsthe NIMS Insurer, Inc. on a monthly basisupon request, and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall supply an electronic tape be deemed to Loan Performance have been satisfied to the extent that substantially comparable information shall be prepared and Intex Solutions furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Greenpoint Mortgage Funding Trust 2005-Hy1)

Statements. (a) On each Distribution Date, based on the Mortgage Loan information contained in the Remittance Report, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, prepare a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the "Distribution Date Statement") as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identified and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges, Originator Prepayment Charge Payment Amounts and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class CE Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer the Servicers during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCollection Period; (v) the aggregate amount of Advances for the related Due Period Collection Period, cumulative unreimbursed Advances and the amount of unreimbursed Servicing Advances and cumulative nonrecoverable Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group Pool Balance, at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding calendar monthsuch Distribution Date; (xiiiix) the book value aggregate number of any Mortgage Loans that became REO Property Properties during the preceding calendar month and the aggregate Principal Balance of such Mortgage Loans (calculated as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, date each such Mortgage Loan became an REO Property); (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and Losses; (xiii) the amount Certificate Principal Balance of Realized Losses, if any, allocated to each Class of Certificates Certificates, after giving effect to the distributions, and allocations of Realized Losses or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional AmountApplied Realized Loss Amounts, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixiv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Certificates for such Distribution Date and any related Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixv) the aggregate amount of any Net Prepayment Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to the related Servicing Agreements; (xvi) the Cap Carryover Amounts distributed on such Distribution Date, the amounts remaining after giving effect to distributions thereof on such Distribution Date, the amount of all Cap Carryover Amounts covered by withdrawals from the Class A-1 Reserve Account, the Class A-2 Reserve Account, the Class A-3 Reserve Account and Class M/B Reserve Account on such Distribution Date and the amount distributed from the Class A-1 Reserve Account, the Class A-2 Reserve Account, the Class A-3 Reserve Account and Class M/B Reserve Account on such Distribution Date to the Class CE Certificates; (xvii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xviii) whether a Trigger Event or a Sequential Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xix) the Available Funds with respect to each Loan GroupFunds; (xx) the Pass-Through Rate rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxi) the aggregate amount of Net Liquidation Proceeds for the related Collection Period; (xxii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Originators or the Seller during the related Due Period, Prepayment Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxiixxiii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Groupthe Credit Risk Manager Fee paid; (xxiv) cumulative Recoveries allocable to each Loan Group;the number and aggregate Principal Balance of Mortgage Loans that were the subject of a Principal Prepayment in full during the related Prepayment Period, the aggregate Prepayment Charges collected, the Servicer Prepayment Charge Payment Amounts paid by the Servicers or the Originator Prepayment Charge Payment Amounts paid by the Originators; and (xxv) the amount of any Basis Risk Shortfall, if any, and Subsequent Recoveries received during the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsPrepayment Period. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders may fully rely upon and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 no liability with respect to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible information with respect to the parties, and Mortgage Loans provided by the Securities Administrator shall provide timely and adequate notification to all parties regarding any such changeMaster Servicer. In the case of information furnished pursuant to subclauses (i), (ii) and (iixiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, and other parties to this Agreement via the Securities Administrator's Internet website. The Securities Administrator's Internet website shall initially be located at "www.ctslink.com." Assistance in using the website can be obtained by ca▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ities Administrator's customer service desk at (301) 815-6600. Parties that are unable to use the website are entitled ▇▇ ▇▇▇▇ ▇ ▇▇▇er 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 the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such changes. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, shall furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xiv) and (xxixvi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape forward to Bloomberg Financial Markets, Inc. the Class R Certificateholder a copy of the reports forwarded to the Regular Certificateholders in a format acceptable respect of such Distribution Date with such other information as the Securities Administrator deems necessary or appropriate. Such obligation of the Securities Administrator shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Class R Certificateholder by the Securities Administrator pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (ABFC Asset-Backed Certificates, Series 2005-He1)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available to each Holder of the Trustee, each CertificateholderRegular Certificates, the SellerNIMs Insurer, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period;; 91 (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [reserved]; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each the Class of A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates and the Unpaid Interest Shortfall Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; 92 (xix) any Overcollateralization Target Amount, Overcollateralized Amount for and Overcollateralization Deficiency Amount after giving effect to the distribution of principal on such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) when the Pass-Through Rate for each Class of Certificates for such Distribution DateStepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid respective Pass-Through Rates applicable to an Undercollateralized Group or amounts paid pursuant the Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass- Through Rate applicable to Section 5.01(e)(i)the Class A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable (A) the amount of payments received related to each Loan Groupclaims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the cumulative amount of payments received related to claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (xxivA) the dollar amount of claims made under the PMI Policy that were denied during the Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the dollar amount of the cumulative Recoveries allocable claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to each Loan Groupwhich such denials related); (xxv) the amount of any Basis Risk Shortfallon deposit in the Pre-Funding Account, if any, the Interest Coverage Account and the related accrued interest thereon;Reserve Fund; and (xxvi) for each Loan Groupthe distribution occurring on the Distribution Date immediately following the end of the Funding Period, the amount balance on deposit in the Pre-Funding Account that has not been used to purchase Subsequent Mortgage Loans and that is being distributed to the Class A Certificates as a mandatory prepayment of Deferred Interest and Net Deferred Interestprincipal, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMs Insurer and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at “▇"w▇▇.▇▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇301) ▇▇▇815-▇▇▇▇6600. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMs Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe NIMs Insurer and the Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to the NIMs Insurer and each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Asset Backed Certificates Series 2001-2)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer pursuant to Sections 3.19 and 4.04, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate Stated Principal Balance of all Subsequent Mortgage Loans added during the Funding Period; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [Reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Period and Prepayment Period, the cumulative amount of Realized Losses and the aggregate amount of Realized LossesSubsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the Class C Certificates, after giving effect to the distributions made on such Distribution Date; (xv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates, each Class of Class B Certificates and the Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, allocated with respect to each the Class of A Certificates, the Mezzanine Certificates, the Class B Certificates or Principal-Only Componentsand the Class C Certificates for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, aggregate amount of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Net Prepayment Interest Shortfalls for such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, Credit Enhancement Percentage for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates, the Mezzanine Certificates and the Unpaid Interest Shortfall Amount Class B Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Class A Certificates, each Class of Mezzanine Certificates, each Class of Class B Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)each Class of Class A Certificates and each Class of Mezzanine Certificates and the Class B Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable to each Loan Grouppayments, if any, made under the Cap Contract; (xxiv) cumulative Recoveries allocable to each Loan Group;the amount on deposit in the Pre-Funding Accounts and the Interest Coverage Accounts; and (xxv) for the amount distributions occurring on the Distribution Dates in the month following the end of the Funding Period, the balance on deposit in each of the Pre-Funding Accounts (exclusive of any Basis Risk Shortfallinvestment income therein) not used to purchase Subsequent Mortgage Loans and that is being distributed to the related Class A Certificates as a mandatory distribution of principal, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at “▇▇▇."▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Meritage Mortgage Loan Trust 2005-2)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the 112 Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate Stated Principal Balance of all Subsequent Mortgage Loans added during the Funding Period; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) [reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Realized Losses, if any, allocated to each Class Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Certificates or Principal-Only ComponentsSubsequent Recoveries received since the Closing Date; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Adjustable-Rate Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Certificates, Adjustable-Rate Certificates and the Class C Certificates for such Distribution Date and 113 the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to each Class of Adjustable-Rate Certificates and the distributions made in respect Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each Class of any Net Interest Shortfalls Adjustable-Rate Certificates, if any, for such Distribution Date and the Unpaid Interest Shortfall Amount for amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Adjustable-Rate Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)each Class of Adjustable-Rate Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable to each Loan Grouppayments, if any, made under the Cap Contract; (xxiv) cumulative Recoveries allocable to each Loan Group;the amount on deposit in the Pre-Funding Accounts and the Interest Coverage Accounts; and (xxv) for the amount distribution occurring on the Distribution Date immediately following the end of any Basis Risk Shortfallthe Funding Period, the balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Group I Mortgage Loans and/or Subsequent Group II Mortgage Loans, as applicable, and that is being distributed to the related Class A Certificates as a mandatory distribution of principal, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at “▇▇▇."▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2004-Ffh4)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Master Servicer, the NIMs Insurer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class S Certificates), separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns;; 91 (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Stated Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ixvii) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to delinquent 30-59 days Delinquentdays, (b) 60 to delinquent 60-89 days Delinquentdays, (c) delinquent 90 or more days Delinquentin each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in bankruptcyforce; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding Prepayment Period, in each case the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the close of business on the last day of the preceding calendar monthdate it became an REO Property; (xiiix) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of Extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereonon such Distribution Date, and the Notional Amount of the Class S Certificates and the Class C Certificates, after giving effect to the distributions made on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each the Class of A Certificates, the Class S Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of A Certificates, the Class S Certificates and the Mezzanine Certificates for such Distribution Date; (xxixvi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Prepayment Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, Shortfalls for such Loan Group; and (xxvii) payments made under the Yield Maintenance AgreementsDistribution Date, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished not covered by payments by the Securities Administrator to Certificateholders Master Servicer pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.to

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Long Beach Mortgage Loan Trust 2001-1 as Bk Cert Ser 2001-1)

Statements. (a) On each Distribution Date, based on the Securities Administrator shall make available to Mortgage Loan information contained in the Trustee, each CertificateholderRemittance Report, the Seller, the Master Servicer Trustee shall prepare and the Rating Agencypost on its website at ww▇.▇▇▇▇▇▇▇.▇▇▇, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the "Distribution Date Statement") as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identified and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges, Originator Prepayment Charge Payment Amounts and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class CE Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCollection Period; (v) the aggregate amount of Advances for the related Due Period Collection Period, cumulative unreimbursed Advances and the amount of unreimbursed Servicing Advances and cumulative Nonrecoverable Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group Pool Balance, at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid Principal Balance of the REO Property as of the close of business on the last Business Day of such calendar month and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and Losses; (xiii) the amount Certificate Principal Balance of Realized Losses, if any, allocated to each Class of Certificates Certificates, after giving effect to the distributions, and allocations of Realized Losses or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional AmountApplied Realized Loss Amounts, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixiv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Certificates for such Distribution Date and any related Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixv) the aggregate amount of any Net Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.23; (xvi) the amount of the Trustee Fee paid; (xvii) the Cap Carryover Amounts distributed on such Distribution Date, the amounts remaining after giving effect to distributions thereof on such Distribution Date and the Unpaid Interest Shortfall Amount for amount of all Cap Carryover Amounts covered by withdrawals from the Reserve Account on such Distribution Date; (xviii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xix) whether a Trigger Event has occurred and is continuing, and the Available Funds with respect to each Loan Groupcumulative Realized Losses, as a percentage of the original Pool Balance; (xx) the Pass-Through Rate Available Funds; (xxi) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxixxii) the information contained in the Liquidation Report for such Distribution Date; (xxiii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Master Servicer, the Originator or the Seller during the related Due Period, Prepayment Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxiixxiv) the amount aggregate Principal Balance of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to the Mortgage Loans repurchased by the Master Servicer during the related Prepayment Period in connection with Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group3.16; (xxv) the amount of any Basis the Credit Risk Shortfall, if any, and the related accrued interest thereonManager Fee paid; (xxvi) for the Mortgage Loan identifying number of each Mortgage Loan Groupwith a Prepayment Charge that was the subject of a Principal Prepayment in full during the related Collection Period, the amount of Deferred Interest Prepayment Charge listed on each related Mortgage Note and Net Deferred Interestthe Prepayment Charge collected, if any, for the Servicer Prepayment Charge Payment Amount paid by the Master Servicer or the Originator Prepayment Charge Payment Amount paid by the Originator with respect to each such Loan Group; andMortgage Loan; (xxvii) payments made the amount of any claims made, and any claims rejected, under the Yield Maintenance Agreements, if anyMortgage Insurance Policy during the related Collection Period and the amount of any claims previously paid that are reimbursed to the Insurer (net of the aggregate amount of Premium paid to the Insurer hereunder) pursuant to Section 3.01; and (xxviii) the amount of Net Deferred Interest, if any, added Subsequent Recoveries received during the related Prepayment Period. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Class Certificate Principal Balance or Component Principal Balance of Mortgage Loans provided by the related Certificates and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 changeMaster Servicer. In the case of information furnished pursuant to subclauses (i), (ii) and (iixiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Trustee shall furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xiv) and (xxixvii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Markets, Inc. the Class R Certificateholder a copy of the reports forwarded to the Regular Certificateholders in a format acceptable respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Class R Certificateholder by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Asset Backed Funding Corp. ABFC Asset Backed Certificates Series 2004-Opt3)

Statements. (a) On each Distribution Date, based on the Mortgage Loan information contained in the Remittance Report, the Securities Administrator shall prepare and make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agencyon its website at www.ctslink.com, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the "Distribution Date Statement") as to the distributions to be ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ns made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identified and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Penalties, Originator Prepayment Penalty Payment Amounts and Servicer Prepayment Penalty Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class CE Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCollection Period; (v) the aggregate amount of Advances for the related Due Period Collection Period, cumulative unreimbursed Advances and the amount of unreimbursed Servicing Advances and cumulative Nonrecoverable Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group Pool Balance, at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid Principal Balance of the REO Property as of the close of business on the last Business Day of such calendar month and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and Losses; (xiii) the amount Principal Balance of Realized Losses, if any, allocated to each Class of Certificates Certificates, after giving effect to the distributions, and allocations of Realized Losses or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional AmountApplied Realized Loss Amounts, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixiv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Certificates for such Distribution Date and any related Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixv) the aggregate amount of any Net Prepayment Interest Shortfalls and of any Compensating Interest for such Distribution Date, to the Unpaid extent not covered by payments by the Servicer pursuant to Section 3.23; (xvi) the Interest Percentage for each Class of Certificates, the amount of any Current Interest Shortfall Amount and the amount of the distribution made to each Class of Certificates pursuant to Section 4.02(e) for such Distribution Date; (xvii) the Cap Carryover Amounts distributed on such Distribution Date, the amounts remaining after giving effect to distributions thereof on such Distribution Date and the amount of all Cap Carryover Amounts covered by withdrawals from the applicable Reserve Account on such Distribution Date; (xviii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xix) whether a Trigger Event has occurred and is continuing, and the Available Funds with respect to each Loan Group; cumulative Realized Losses, as a percentage of the original Pool Balance; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution DateAvailable Funds; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Wells Fargo Home Equity Asset-Backed Securities 2004-2 Trust)

Statements. (a) On each Distribution Trustee Reporting Date, the Securities Administrator Trustee shall make available to the TrusteeGuarantor, and on each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Guarantor, the Seller, the Master Servicer and the each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group 2 for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during the related Due Period, any fee paid to the Custodian during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reserved]the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group at and the Subordinate Net WAC Cap as of the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period[Reserved]; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period[Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional AmountBalance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Net WAC, the Pass-Through Rate and the Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and; (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates Certificates; (xxviii) the amount of the Guarantor Reimbursement Amount, if any; (xxix) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxx) Guaranteed Deficiency Amount, if any, paid by the Guarantor; (xxxi) the Insured Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxxii) the number of mortgage loans and Principalthe aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; (xxxiii) the amount of any payment to the Class 2-Only ComponentsX Certificate of any Class 2-X Amortization Shortfall after any such payment; and (xxxiv) the 2-PO2A, 2-PO2B and 2-PO2C Component Principal Balances. The Securities Administrator will Trustee shall make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities AdministratorTrustee’s internet Internet website. The Securities AdministratorTrustee’s internet Internet website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.” . Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee 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 Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. In addition to the information listed above, such Distribution Date Statement shall also include such other information as is required by Form 10-D, including, but not limited to, the information required by Item 1121 (§ 229.1121) of Regulation AB. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the Certificate Insurer, the Guarantor and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) of Subsection 5.04(a) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 1 contract

Sources: Pooling Agreement (Harborview Mortgage Loan Trust 2006-Cb1)

Statements. (a) On each Distribution Date, based on the Mortgage Loan information contained in the Remittance Report, the Securities Administrator shall prepare and make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agencyon its website at www.ctslink.com, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the "Distribution Date Statement") as to the distributions to be ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ns made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identified and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates from Prepayment Penalties, Originator Prepayment Penalty Payment Amounts and Servicer Prepayment Penalty Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class CE Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCollection Period; (v) the aggregate amount of Advances for the related Due Period Collection Period, cumulative unreimbursed Advances and the amount of unreimbursed Servicing Advances and cumulative Nonrecoverable Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group Pool Balance, at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid Principal Balance of the REO Property as of the close of business on the last Business Day of such calendar month and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and Losses; (xiii) the amount Principal Balance of Realized Losses, if any, allocated to each Class of Certificates Certificates, after giving effect to the distributions, and allocations of Realized Losses or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional AmountApplied Realized Loss Amounts, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixiv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Certificates for such Distribution Date and any related Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixv) the aggregate amount of any Net Prepayment Interest Shortfalls and of any Compensating Interest for such Distribution Date, to the Unpaid extent not covered by payments by the Servicer pursuant to Section 3.23; (xvi) the Interest Percentage for each Class of Certificates, the amount of any Current Interest Shortfall Amount and the amount of the distribution made to each Class of Certificates pursuant to Section 4.02(e) for such Distribution Date; (xvii) the Cap Carryover Amounts distributed on such Distribution Date, the amounts remaining after giving effect to distributions thereof on such Distribution Date and the amount of all Cap Carryover Amounts covered by withdrawals from the applicable Reserve Account on such Distribution Date; (xviii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xix) whether a Trigger Event has occurred and is continuing, and the Available Funds with respect to each Loan Groupcumulative Realized Losses, as a percentage of the original Pool Balance; (xx) the Available Funds; (xxi) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxixxii) the information contained in the Liquidation Report for such Distribution Date; (xxiii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller Servicer or the Depositor during the related Due Period, Prepayment Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxiixxiv) the amount aggregate Principal Balance of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to the Mortgage Loans repurchased by the Depositor during the related Prepayment Period in connection with Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group3.16; (xxv) the amount of any Basis the Credit Risk Shortfall, if any, and the related accrued interest thereonManager Fee paid; (xxvi) for the Mortgage Loan identifying number of each Mortgage Loan Groupwith a Prepayment Penalty that was the subject of a Principal Prepayment in full during the related Collection Period, the amount of Deferred Interest Prepayment Penalty listed on each related Mortgage Note and Net Deferred Interestthe Prepayment Penalty collected, if any, for and the Servicer Prepayment Penalty Payment Amount and the Originator Prepayment Penalty Payment Amount paid with respect to each such Loan Group; andMortgage Loan; (xxvii) payments made under the amount of any Yield Maintenance Agreements, if anyAgreement Payments for such Distribution Date; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of Subsequent Recoveries received during the related Certificates and Principal-Only ComponentsPrepayment Period. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the Securities Administrator's website can be obtained by calling the Securities Administrator’s 's customer service desk at (301) 815-6600. The Securities Administrator shall provide such informa▇▇▇) ▇▇-▇▇▇▇. Parties ▇▇s that are unable to use the above distribution option are entitled to have a paper copy mailed by mailing to them via first class mail a paper copy of the Distribution Date Statement, upon request of any such party made 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. The Securities Administrator may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i), (ii) and (iixiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xiv) and (xxixvii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape forward to Bloomberg Financial Markets, Inc. the Class R Certificateholder a copy of the reports forwarded to the holder of any Regular Certificate in a format acceptable respect of such Distribution Date with such other information as the Securities Administrator deems necessary or appropriate. Such obligation of the Securities Administrator shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Class R Certificateholder by the Securities Administrator pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Wells Fargo Home Equity Asset-Backed Securities 2005-1 Trust)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer pursuant to Section 4.04(a), the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution DateDate which shall include the following information: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount (if any) and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount (if any) for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns;; 103 (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [Reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Realized Losses, if any, allocated to each Class Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Certificates or Principal-Only ComponentsSubsequent Recoveries received since the Closing Date; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicablethe Mezzanine Certificates, of each the Class of B Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.26; 104 (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each Class of any Net Interest Shortfalls Class A Certificates, each Class of Mezzanine Certificates and the Unpaid Interest Shortfall Amount Class B Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Class A Certificates, each Class of Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);each Class of Class A Certificates and each Class of Mezzanine Certificates for the immediately succeeding Distribution Date; and (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfallpayments, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsCap Contracts. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s internet website. The Securities Administrator’s Trustee's internet website shall initially to be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year 105 was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2004-Ff2)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer pursuant to Section 4.04(a), the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class S Certificates), separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties; (ix) the Distribution Dateaggregate of any draws under the Mortgage Pool Insurance Policy during the related Prepayment Period, and, cumulatively, and the remaining coverage under the Mortgage Pool Insurance Policy following such draws; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances Class C Certificates and the Notional Amount of the Subordinate Certificates Class S Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, the Class S Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect of such Class A Certificates, the Class S Certificates on and the Mezzanine Certificates for such Distribution Date; (xviiixvi) the aggregate amount of any Net Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; 102 (xviii) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Unpaid Interest Shortfall Amount for distribution of principal on such Distribution Date; (xix) when the Available Funds with respect to each Loan GroupStepdown Date or a Trigger Event has occurred; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution DateAvailable Funds; (xxi) the aggregate Principal Balance respective Pass-Through Rates applicable to each Class of Mortgage Loans purchased hereunder by Class A Certificates, each Class of Mezzanine Certificates and the Seller during Class C Certificates for such Distribution Date and the related Due Period, Pass- Through Rate applicable to each Class of Class A Certificates and indicating each Class of Mezzanine Certificates for the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loanimmediately succeeding Distribution Date; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) Net WAC Rate Carryover Amount for each Loan Group, the amount Class of Deferred Interest Class A Certificates and Net Deferred Interesteach Class of Mezzanine Certificates, if any, for such Loan GroupDistribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; and (xxviixxiii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interestpayments, if any, added to made under the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsCap Contract. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "www.ctslink.com". Assist▇▇▇.▇ ▇▇ ▇▇▇▇▇▇.▇▇▇.” Assistance in using the he website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (301) 815-6600. Parties ▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable ▇e to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or 103 applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2003-FFC)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the NIMS Insurer, the Servicer, the Swap Provider and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Net Monthly Excess Cashflow, the Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the Overcollateralization Target Amount and the Senior Percentage, Senior Prepayment Percentage, Subordinate Credit Enhancement Percentage as of such Distribution Date and Subordinate Prepayment Percentage with respect to each Loan Group the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount fees and expenses of servicing compensation received by each Servicer during the related Due Period Trust Fund accrued and paid on such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (v) the aggregate amount of Advances for the related Due Period and (including the amount general purpose of unreimbursed such Advances); (vi) [reserved]the aggregate Principal Balance of the Mortgage Loans and any REO Properties as of the end of the relted Due Period; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Groupnumber, the aggregate Stated Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the numberBalance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) using the aggregate and for each Loan Group, OTS Method (aas described below) (1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the calendar month preceding Due Periodthe related Distribution Date; (xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxi) the Delinquency Percentage and the Realized Loss Percentage; (xii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xiv) the Certificate Principal Balance of each Class of Class A Certificates, Mezzanine Certificates and the Class C Certificates, before and after giving effect to the distributions, and allocations of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to each Class of Class A Certificates, Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24; (xvii) the Net WAC Rate Carryover Amount for each Class of Class A and Mezzanine Certificates, if any, for such Distribution Date and the respective portions thereof, if any, amount remaining unpaid following the distributions made in respect of such Certificates after reimbursements therefor on such Distribution Date; (xviii) whether the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution DateStepdown Date or a Trigger Event has occurred; (xix) the Available Funds with respect to each Loan Grouptotal cashflows received and the general sources thereof; (xx) the respective Pass-Through Rates applicable to each Class of Class A Certificates, Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate for applicable to each Class of Class A and Mezzanine Certificates for such the immediately succeeding Distribution Date; (xxi) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, any Net Swap Payments or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;Swap Termination Payments; and (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfallapplicable Record Dates, if any, Accrual Periods and the related accrued interest thereon; (xxvi) Determination Dates for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, calculating distributions for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer, the Credit Risk Manager and the other parties to this Agreement Rating Agencies via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇▇▇.▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr”. Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee’s internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. For all purposes of this Agreement, with respect to any Mortgage Loan, delinquencies shall be determined and reported based on the “OTS” methodology for determining delinquencies on mortgage loans similar to the Mortgage Loans. By way of example, a Mortgage Loan would be Delinquent with respect to a Monthly Payment due on a Due Date if such Monthly Payment is not made by the close of business on the Mortgage Loan’s next succeeding Due Date, and a Mortgage Loan would be more than 30-days Delinquent with respect to such Monthly Payment if such Monthly Payment were not made by the close of business on the Mortgage Loan’s second succeeding Due Date. The Servicer hereby represents and warrants to the Depositor that this delinquency recognition policy is not less restrictive than any delinquency recognition policy established by the primary safety and soundness regulator, if any, of the Servicer. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall make available to the NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, the Trustee shall deliver to the NIMS Insurer, upon request, and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) On each Distribution Date, the Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Soundview Home Loan Trust 2006-Opt4)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available to each Holder of the Trustee, each CertificateholderRegular Certificates, the SellerSwap Provider, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date:Date (the “Monthly Statement”): (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates allocable to principalprincipal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) Net Monthly Excess Cashflow, the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) any fees and expenses of the aggregate amount of servicing compensation received by each Servicer during the related Due Period Trust accrued and paid on such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (v) the aggregate amount of Advances for the related Due Period and (including the amount general purpose of unreimbursed such Advances); (vi) [reserved]the aggregate amount of interest and scheduled principal received or advanced by the Master Servicer with respect to the related Due Period; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for with respect to each Loan Group Group, the related group balance at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiix) the number and aggregate unpaid principal balance of Mortgage Loans, Loans (except those Mortgage Loans that are liquidated as of the end of the related Prepayment Period) that were (as determined using the OTS method) (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties; (x) the Distribution Date, and, cumulatively, Delinquency Percentage; (xi) the total number and cumulative principal balance of all REO Properties in each Loan Group Liquidated Mortgage Loans as of the Close of Business of the last day of the preceding Due Prepayment Period, prior to the reduction of each principal balance to zero; (xii) the total number and cumulative principal balance of all REO Properties as of the Close of Business of the last day of the preceding Prepayment Period; (xivxiii) the aggregate amount of Principal Prepayments with respect to each Loan Group in full, the aggregate amount of Principal Prepayments in part and Net Liquidation Proceeds made during the related Prepayment Period; (xvxiv) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and Losses; (xv) the aggregate amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsextraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Class A Certificates, each class of Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, before and after giving effect to any the distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect of such Class A Certificates, the Mezzanine Certificates on and the Class C Certificates for such Distribution Date; (xviii) the aggregate amount of any Net Prepayment Interest Shortfalls and for such Distribution Date, to the Unpaid Interest Shortfall Amount extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xix) the Senior Credit Enhancement Percentage for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Net WAC Rate Carryover Amount for each class of Class A Certificates and each class of Certificates Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxi) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder by any Net Swap Payments or Swap Termination Payments (a) due from the Seller during Trust and (b) due from the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanSwap Provider; (xxii) whether the amount of any Principal Deficiency Amounts Stepdown Date or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)a Trigger Event is in effect; (xxiii) current Recoveries allocable to each Loan Groupthe total cashflows received; (xxiv) cumulative Recoveries allocable the respective Pass-Through Rates applicable to each Loan GroupClass of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to each Class of Class A Certificates and each class of Mezzanine Certificates for the immediately succeeding Distribution Date; (xxv) (A) the amount of any Basis Risk Shortfall, if any, payments received related to claims under the Pool Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the cumulative amount of payments received related accrued interest thereonto claims under the Pool Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (xxvi) for each Loan Group, A) the dollar amount of Deferred Interest claims made under the Pool Policy that were denied during the Prepayment Period (and Net Deferred Interest, if any, for the number of Mortgage Loans to which such Loan Group; anddenials related) and (B) the dollar amount of the cumulative claims made under the Pool Policy that were denied since the Closing Date (and the number of Mortgage Loans to which such denials related); (xxvii) payments made under the Yield Maintenance Agreements, if anyamount on deposit Net WAC Rate Carryover Reserve Account; and (xxviii) the amount of Net Deferred Interestapplicable Record Date, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates Accrual Period and Principal-Only Components. Determination Date for calculating distributions for such Distribution Date; The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at “w▇▇.▇▇▇▇▇▇▇.▇▇▇.” ”. Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. In addition, the Trustee will report on Form 10-D any material breaches of representations and warranties regarding the Mortgage Loans to the extent known to the Trustee and if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to the NIMS Insurer and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) For each Distribution Date, Inc. through and including the Distribution Date in December 2006, the Trustee shall calculate the Significance Percentage of the Interest Rate Swap Agreement. If on a monthly basisany such Distribution Date, the Significance Percentage is equal to or greater than 9%, the Trustee shall promptly notify the Depositor and the Depositor, on behalf of the Trustee, shall supply an electronic tape obtain the financial information required to Loan Performance be delivered by the Swap Provider pursuant to the terms of the Interest Rate Swap Agreement. If, on any succeeding Distribution Date through and Intex Solutions including the Distribution Date in a format acceptable December 2006, the Significance Percentage is equal to Loan Performance or greater than 10%, the Trustee shall promptly notify the Depositor and Intex Solutions the Depositor shall, within 5 Business Days of such Distribution Date, deliver to the Trustee the financial information provided to it by the Swap Provider for inclusion in the Form 10-D relating to such Distribution Date. If on a monthly basisany Distribution Date after December 2006, the Significance Percentage is greater than 10%, the Trustee shall include the Significance Percentage on the statement to Certificateholders for the related Distribution Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Option One Mortgage Loan Trust Series 2006-2)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentage, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate Stated Principal Balance of all Subsequent Mortgage Loans added during the Funding Period; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) [reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Realized Losses, if any, allocated to each Class Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Certificates or Principal-Only ComponentsSubsequent Recoveries received since the Closing Date; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Adjustable-Rate Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Certificates, Adjustable-Rate Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to each Class of Adjustable-Rate Certificates and the distributions made in respect Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each Class of any Net Interest Shortfalls Adjustable-Rate Certificates, if any, for such Distribution Date and the Unpaid Interest Shortfall Amount for amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Adjustable-Rate Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)each Class of Adjustable-Rate Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable to each Loan Grouppayments, if any, made under the Cap Contract; (xxiv) cumulative Recoveries allocable to each Loan Group;the amount on deposit in the Pre-Funding Accounts and the Interest Coverage Accounts; and (xxv) for the amount distribution occurring on the Distribution Date immediately following the end of any Basis Risk Shortfallthe Funding Period, the balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Group I Mortgage Loans and/or Subsequent Group II Mortgage Loans, as applicable, and that is being distributed to the related Class A Certificates as a mandatory distribution of principal, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at “▇▇▇."▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ff4)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by each Servicer, the Master Servicer Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicers and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount 104 as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties; (ix) payments, if any, made under the Distribution Date, and, cumulatively, Cap Contract; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses since the Closing Date and the aggregate amount of Realized LossesSubsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance of each Class of Regular Certificates, after giving effect to the distributions made on such Distribution Date; (xv) the Monthly Interest Distributable Amount in respect of each Class of Regular Certificates (other than the Class P Certificates) for such Distribution Date and the Unpaid 105 Interest Shortfall Amount, if any, allocated with respect to each the Class of A Certificates, the Mezzanine Certificates or Principal-Only Componentsand the Class B Certificates for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, aggregate amount of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Net Prepayment Interest Shortfalls for such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, Credit Enhancement Percentage for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates, the Mezzanine Certificates and the Unpaid Interest Shortfall Amount Class B Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) the Available Funds with respect Overcollateralization Target Amount, any Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;Available Funds; and (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added respective Pass-Through Rates applicable to the Class Certificate Principal Balance or Component Principal Balance A Certificates, each Class of Mezzanine Certificates, the related Class B Certificates and Principalthe Class C Certificates for such Distribution Date and the Pass-Only ComponentsThrough Rate applicable to the Class A Certificates and each Class of Mezzanine Certificates for the immediately succeeding Distribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇.” /invr". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇800) ▇▇▇735-▇▇▇▇7777. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date.. 106 (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Soundview Home Loan Trust 2004-1)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by each Servicer, the Master Servicer Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicers and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances and/or Monthly Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) [reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Realized Losses, if any, allocated to each Class Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Certificates or Principal-Only ComponentsSubsequent Recoveries received since the Closing Date; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Class A Certificates, the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each the Class of A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the GMACM pursuant to Section 3.24 or by Countrywide Servicing pursuant to Section 2.04 of Exhibit B; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates and the Unpaid Interest Shortfall Amount Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid respective Pass-Through Rates applicable to an Undercollateralized Group or amounts paid pursuant the Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to Section 5.01(e)(i);the Class A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; and (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfallpayments, if any, made under the Cap Contract and the related accrued interest thereon; (xxvi) for amount distributed to each Loan Group, the amount Class of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) Certificates from payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsCap Contract. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇▇▇.h▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/▇▇▇▇”. Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee’s internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Soundview Home Loan Trust 2005-B)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Master Servicer, the Rating Agencies and the Servicers (the “Distribution Date Statement”) Certificate Insurer, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class S Certificates), separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 84 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties; (ix) with respect to any Mortgage Loan that became an REO Property during the Distribution Datepreceding Prepayment Period, andthe loan number of such Mortgage Loan, cumulatively, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional Amount, as applicable, of each Class of A Certificates and the Apportioned Principal Balances Notional Amount of the Subordinate Certificates Class S Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such the Class A Certificates and the Class S Certificates on such Distribution Date; (xviiixvi) the aggregate amount of any Net Prepayment Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xvii) the aggregate Premium Amount to be paid to the Certificate Insurer; (xviii) the Net WAC Rate Carryover Amount, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Groupdistribution of principal on such Distribution Date; (xx) whether the Step Up Cumulative Loss Test and/or Step Up Spread Squeeze Test have been met and the cumulative realized losses, as a percentage of the original Pool Balance; (xxi) the Available Funds; (xxii) the Pass-Through Rate for each the Class of A Certificates for such Distribution Date; (xxixxiii) [reserved]; (xxiv) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Master Servicer or Seller during the related Due Period, Prepayment Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount number of any Basis Risk Shortfalldelinquent Mortgage Loans sold during the preceding Prepayment Period, if any, the aggregate outstanding principal balance of such Mortgage Loans and the related accrued interest thereonaggregate sale price; (xxvi) for the amount on deposit in the Pre-Funding Account, the Interest Coverage Account and each Loan Group, Reserve Fund; (xxvii) the amount of Deferred Interest the Reserve Fund I Addition, any amounts added to Reserve Fund I pursuant to Section 4.01(a)(vi) and Net Deferred Interestthe amount of any funds paid from each Reserve Fund separately identifying the use of such funds; (xxviii) amounts rendered under the Yield Maintenance Agreement; and (xxix) for the distribution occurring on the Distribution Date immediately following the end of the related Funding Period, the balance on deposit in the Pre-Funding Account that has not been used to purchase Subsequent Mortgage Loans and that is being distributed to the Class A Certificates as a mandatory prepayment of principal, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Rating Agencies and the other parties to this Agreement Certificate Insurer via the Securities Administrator’s Trustee's internet websitewebsite and its fax-on-demand service. The Securities Administrator’s Trustee's fax-on-demand service may be accessed by calling (301) 815-6610. The Trustee's internet website shall initially be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website or the fax-on-demand service can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇301) ▇▇▇815-▇▇▇▇6600. Parties that are unable to use the above distribution option options are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable force. (e) The Trustee hereby agrees to Loan Performance and Intex Solutions on a monthly basisdisclose the Premium Amount to any Person upon request.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Option One Mort Ln Tr 1999-3 Asset Backed Cert Ser 1999-3)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available to each Holder of the Trustee, each CertificateholderRegular Certificates, the SellerSwap Provider and the NIMS Insurer, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates allocable to principalprincipal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]the aggregate amount of interest and scheduled principal received or advanced by the Master Servicer with respect to the related Due Period; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for with respect to each Loan Group Group, the related group balance at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiix) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group Liquidated Mortgage Loans as of the Close of Business of the last day of the preceding Due Prepayment Period, prior to the reduction of each principal balance to zero; (xi) the total number and cumulative principal balance of all REO Properties as of the Close of Business of the last day of the preceding Prepayment Period; (xivxii) the aggregate amount of Principal Prepayments with respect to each Loan Group in full, the aggregate amount of Principal Prepayments in part and Net Liquidation Proceeds made during the related Prepayment Period; (xvxiii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and Losses; (xiv) the aggregate amount of Realized Losses, if any, allocated to extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xv) the Certificate Principal Balance of each Class of Class A Certificates, each class of Mezzanine Certificates or Principal-Only Componentsand the Class C Certificates, after giving effect to the distributions made on such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each class of Mezzanine Certificates and the Apportioned Principal Balances of Class C Certificates for such Distribution Date and the Subordinate Unpaid Interest Shortfall Amount, if any, with respect to the Class A Certificates, the Mezzanine Certificates after giving effect to any distributions made thereon, on and the Class C Certificates for such Distribution Date; (xvii) the aggregate amount of any Prepayment Interest Distributable Amount in respect of each Class of Certificates, Shortfalls for such Distribution Date and Date, to the respective portions thereof, if any, remaining unpaid following extent not covered by payments by the distributions made in respect of such Certificates on such Distribution DateMaster Servicer pursuant to Section 3.26; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount Credit Enhancement Percentage for such Distribution Date; (xix) the Available Funds with respect to Net WAC Rate Carryover Amount for each Loan Groupclass of Class A Certificates and each class of Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) the Pass-Through Rate for each Class amount of Certificates for such Distribution Dateany Net Swap Payments or Swap Termination Payments (a) due from the Trust and (b) due from the Swap Provider; (xxi) when the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, Stepdown Date or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loana Trigger Event is in effect; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Available Funds; (xxiii) current Recoveries allocable the respective Pass-Through Rates applicable to each Loan GroupClass of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to each Class of Class A Certificates and each class of Mezzanine Certificates for the immediately succeeding Distribution Date; (xxiv) cumulative Recoveries allocable to each Loan Groupthe amount on deposit in the Interest Coverage Account; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon[reserved]; (xxvi) for each Loan Group, the amount of Deferred Interest and on deposit Net Deferred Interest, if any, for such Loan GroupWAC Rate Carryover Reserve Account; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components[reserved]. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at “w▇▇.▇▇▇▇▇▇▇.▇▇▇.” ”. Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to the NIMS Insurer and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2005-4, Asset-Backed Certificates, Series 2005-4)

Statements. (a) On each Distribution Date, the Securities Administrator Trustee shall prepare and make available to each Holder of the Trustee, each CertificateholderRegular Certificates, the SellerServicer, the Master Servicer NIMS Insurer, the indenture trustee under the Indenture and the Rating Agency, Agencies a statement basedby electronic medium (as set forth in the penultimate paragraph of this Section 4.03(a)), as applicablebased on information provided to the Trustee by the Servicer or the Swap Counterparty, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of record dates, the accrual period, the determination date and the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principaldate; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to interestPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (iii) the Senior Percentageamount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates), Senior Prepayment Percentageallocable to interest and the Pass-Through Rates, Subordinate Percentage separately identified; (iv) the Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (ivv) by Loan Group and in the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (vvi) the Group I Interest Remittance Amount and the Group II Interest Remittance Amount and the Group I Principal Remittance Amount and the Group II Principal Remittance Amount for such Distribution Date; (vii) the aggregate amount of Advances and Servicing Advances for the related Due Period Period, the amount of unrecovered Advances and Se▇▇▇▇▇▇▇ ▇dvances (after giving effect to Advances and Se▇▇▇▇▇▇▇ ▇dvances made on the Distribution Date) outstanding and the amount of unreimbursed Advances; (vi) [reserved]; (vii) the Loan Group Balance Nonrecoverable Advances and related Net WAC and Net WAC Cap Servicing Advances for each Loan Group at the Close of Business at the end of the related Due Periodsuch Distribution Date; (viii) for each Loan Group, the number and aggregate Stated Principal Balance of the One-Year MTA Indexed Group I Mortgage Loans, the Group II Mortgage Loans and all Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans Period and at the Close of Business at the end beginning of the related Due Period; (xix) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiix) by Loan Group and in the aggregate, the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentdelinquent 30‑59 days, (b) 60 to 89 days Delinquentdelinquent 60‑89 days, (c) 90 delinquent 90-119 days and (d) 120 or more days Delinquentin each case, as of the last day of the preceding calendar month provided, however that any aggregate unpaid principal balance of Mortgage Loans shall be reported as of the last day of the related Due Period, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in bankruptcyforce; (xi) with respect to any Mortgage Loan that became an REO Property during the preceding Prepayment Period, in each case the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the close of business on the last day of the preceding calendar monthdate it became an REO Property; (xiiixii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxiii) by Loan Group and in the aggregate, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xiv) by Loan Group and in the aggregate, the aggregate amount of principal and interest Realized Losses incurred during the related Prepayment Period and the cumulative amount of principal and interest Realized Losses; (xv) the aggregate amount of Realized Losses incurred during Extraordinary Trust Fund Expenses withdrawn from the related Due Period and Collection Account or the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only ComponentsDistribution Account for such Distribution Date; (xvi) the Class Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, before and after giving effect to any the distributions made thereonon such Distribution Date, and the Notional Amount of the Class C Certificates, after giving effect to the distributions made on such Distribution Date; (xvii) the Monthly Interest Distributable Amount in respect of each the Class of A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect of such Class A Certificates on and the Mezzanine Certificates for such Distribution Date; (xviii) by Loan Group and in the aggregate, the aggregate amount of any Net Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24, and the Unpaid aggregate amount of any Relief Act Interest Shortfall Amount Shortfalls for such Distribution Date; (xix) the Available Funds with respect to each Loan GroupCredit Enhancement Percentage for such Distribution Date; (xx) the Pass-Through related Net WAC Rate Carryover Amount for each the Class of A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxi) the aggregate Trustee Fee, the Servicer Fee and the PMI Insurer Fee on such Distribution Date; (xxii) whether a Stepdown Date or a Trigger Event has occurred; (xxiii) the Available Funds; (xxiv) the respective Pass‑Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass‑Through Rate applicable to the Class A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; (xxv) by Loan Group and in the aggregate, the Principal Balance of Mortgage Loans purchased hereunder repurchased by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereonSeller; (xxvi) for each Loan Groupany other information that is required by the Code and regulations thereunder to be made available to Certificateholders; (xxvii) the amount on deposit in the Reserve Fund; (A) the dollar amount of payments received related to claims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related), (B) the aggregate dollar amount of payments received related to claims under the PMI Policy since the Cut-off Date (and the number of Mortgage Loans to which such payments related); and (C) the amount of Deferred Interest coverage remaining under the PMI Policy; (A) the dollar amount of claims made under the PMI Policy that were denied during the related Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the aggregate dollar amount of claims made under the PMI Policy that were denied since the Cut-off Date (and the number of Mortgage Loans to which such denials related); (xxx) the amount of Subsequent Recoveries and Gross Subsequent Recoveries for the related Prepayment Period and the cumulative amount of Subsequent Recoveries and Gross Subsequent Recoveries in the aggregate and for each of Loan Group I and Loan Group II; (xxxi) the Group I Swap Payment, the Group II Swap Payment, the Swap Payment, the Counterparty Payment, the Group I Net Deferred InterestSwap Payment, if anythe Group II Net Swap Payment, the Net Swap Payment and the Net Counterparty Payment for such Loan GroupDistribution Date; the Group I Swap Termination Payment paid on such Distribution Date, the Group II Swap Termination Payment paid on such Distribution Date, the Swap Termination Payment and the Swap Termination Payment remaining unpaid from prior Distribution Dates, and in each case whether payable by the Supplemental Interest Trust Trustee or by the Swap Counterparty; and any Counterparty Payments unpaid from prior Distribution Dates; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviiixxxii) the Group I Final Maturity Reserve Amount, the Group II Final Maturity Reserve Amount, the Supplemental Final Maturity Reserve Amount, the Aggregate Final Maturity Reserve Amount and the aggregate amount of Net Deferred Interest, if any, added to on deposit in the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsFinal Maturity Reserve Account for such Distribution Date. The Securities Administrator will Trustee shall make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Servicer, the NIMS Insurer, the Swap Counterparty and the other parties to this Agreement Rating Agencies via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr. Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇1‑800‑735‑7777. Parties that are unable to use the above distribution option options are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to the Holders of the Residual Certificates and the NIMS Insurer a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, the Trustee shall deliver to each Person who at any time during the calendar year was a Holder of a Residual Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of a Residual Certificate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) On each Distribution Date the Trustee shall provide Bloomberg Financial Markets, Inc. in L.P. (“Bloomberg”) CUSIP level factors for each Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, the Trustee and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basisBloomberg.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Long Beach Mortgage Loan Trust 2006-7)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained from contained in the Master Servicer Remittance Report, the Trustee shall prepare and the Servicers (the “Distribution Date Statement”) post on its website at www.jpmorgan.com/absmbs a statement as to the distributions to be made or made, as applicable, on such Distribution Date▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class X Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCollection Period; (v) the aggregate amount of Advances in respect of the Trust Fund and each Loan Group for the related Due Period and the amount of unreimbursed AdvancesCollection Period; (vi) [reserved]; (vii) the Loan Pool Balance and each Group Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans in the Trust Fund and in each Loan Group as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans in the aggregate Trust Fund and for in each Loan Group, Group (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Loan Group of such Mortgage Loan, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in the Trust Fund and each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, both for the Trust Fund as a whole as well as for each Loan Group; (xvxii) the aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to in each Class of Certificates or Principal-Only Componentscase for the Trust Fund as a whole as well as for each Loan Group; (xvixiv) the Class Certificate Principal Balance Balance, or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates Certificates, after giving effect to any distributions the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Offered Certificates and the Class M-6 Certificates for such Distribution Date Date, separately identifying the portions thereof attributable to Net Rate Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixvi) the aggregate amount of any Net Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.22; (xvii) the amount of the Trustee Fee paid; (xviii) the beginning and ending balances of the Basis Risk Reserve Fund on such Distribution Date, the Basis Risk Reserve Fund Deposit for such Distribution Date, and the Unpaid Interest Shortfall Required Basis Risk Reserve Fund Amount for such Distribution Date; (xix) the Available Funds with Net Rate Carryover Amounts distributed on such Distribution Date, separately identifying any Net Rate Carryover Amounts paid from amounts received in respect of the Interest Rate Cap Agreements, and any Net Rate Carryover Amounts remaining after giving effect to each Loan Groupdistributions thereof on such Distribution Date; (xx) any Overcollateralization Deficiency after giving effect to the Pass-Through Rate distribution of principal on such Distribution Date; (xxi) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxii) the Available Funds; (xxiii) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxixxiv) the Liquidation Report for such Distribution Date; (xxv) the aggregate Principal Balance of Mortgage Loans in each Loan Group and in the Trust Fund purchased hereunder by the Servicer or Seller during the related Due Period, Collection Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon;; and (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component aggregate Principal Balance of the Mortgage Loans in each Loan Group and in the Trust Fund repurchased by the Servicer (or an affiliate) during the related Certificates and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information Collection Period in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇connection with Section 3.16. Parties that are unable to use the above distribution option http://www.jpmorgan.com/sfr are entitled to have a paper copy mailed to them via first class mail maile▇ ▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇ail by calling the customer service desk Trustee at (212) 623-5600 and indicating such. The Securities Administrator Trustee shall have the right to change the righ▇ ▇▇ ▇▇▇▇▇▇ ▇▇e way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xv) and (xxixx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape provide to Bloomberg Financial Markets, Inc. the Residual Certificateholders a copy of the reports provided to the Regular Certificateholders in a format acceptable respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Residual Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Financial Asset Sec Corp C Bass Mort Ln as Bk Cert Se 03 Cb6)

Statements. (a) On each Distribution Date, based on the Securities Administrator shall make available to Mortgage Loan information contained in the Trustee, each CertificateholderRemittance Report, the Seller, the Master Servicer Trustee shall prepare and the Rating Agencypost on its website at www.ctslink.com, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the "Distribution Date Statement") as to the distributions to be ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ns made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identified and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges, Originator Prepayment Charge Payment Amounts and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class CE Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCollection Period; (v) the aggregate amount of Advances for the related Due Period Collection Period, cumulative unreimbursed Advances and the amount of unreimbursed Servicing Advances and cumulative Nonrecoverable Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group Pool Balance, at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid Principal Balance of the REO Property as of the close of business on the last Business Day of such calendar month and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and Losses; (xiii) the amount Certificate Principal Balance of Realized Losses, if any, allocated to each Class of Certificates Certificates, after giving effect to the distributions, and allocations of Realized Losses or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional AmountApplied Realized Loss Amounts, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixiv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Certificates for such Distribution Date and any related Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixv) the aggregate amount of any Net Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.23; (xvi) the amount of the Trustee Fee paid; (xvii) the Cap Carryover Amounts distributed on such Distribution Date, the amounts remaining after giving effect to distributions thereof on such Distribution Date and the Unpaid Interest Shortfall Amount for amount of all Cap Carryover Amounts covered by withdrawals from the Reserve Account on such Distribution Date; (xviii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xix) whether a Trigger Event has occurred and is continuing, and the Available Funds with respect to each Loan Groupcumulative Realized Losses, as a percentage of the original Pool Balance; (xx) the Pass-Through Rate Available Funds; (xxi) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxixxii) the information contained in the Liquidation Report for such Distribution Date; (xxiii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Master Servicer, the Originator or the Seller during the related Due Period, Prepayment Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxiixxiv) the amount aggregate Principal Balance of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to the Mortgage Loans repurchased by the Master Servicer during the related Prepayment Period in connection with Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group3.16; (xxv) the amount of any Basis the Credit Risk Shortfall, if any, and the related accrued interest thereon;Manager Fee paid; and (xxvi) for the Mortgage Loan identifying number of each Mortgage Loan Groupwith a Prepayment Charge that was the subject of a Principal Prepayment in full during the related Collection Period, the amount of Deferred Interest Prepayment Charge listed on each related Mortgage Note and Net Deferred Interestthe Prepayment Charge collected, if any, for the Servicer Prepayment Charge Payment Amount paid by the Master Servicer or the Originator Prepayment Charge Payment Amount paid by the Originator with respect to each such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added Mortgage Loan. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Class Certificate Principal Balance or Component Principal Balance of Mortgage Loans provided by the related Certificates and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 changeMaster Servicer. In the case of information furnished pursuant to subclauses (i), (ii) and (iixiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xiv) and (xxixvii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Markets, Inc. the Class R Certificateholder a copy of the reports forwarded to the Regular Certificateholders in a format acceptable respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Class R Certificateholder by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Abfc Asset-Backed Certificates Series 2004-Opt1)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained from contained in the Master Servicer Remittance Report, the Trustee shall prepare and the Servicers (the “Distribution Date Statement”) post on its website at www.chase.com/absmbs, a statement as to the distributions to be made or made, as applicable, on such Distribution Datesuc▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principalprincipal or reduction of the Class N Notional Amount, separately identified; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class X Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during the related Due Collection Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsaccrued and unpaid Special Servicing Fees; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesCollection Period; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of prepayment penalties collected or deposits by the Seller in lieu thereof pursuant to Section 3.01 during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiv) the Class Certificate Principal Balance Balance, or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates Certificates, after giving effect to the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made on such Distribution Date, separately identifying any distributions made thereonreduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xv) the beginning balance of amounts on deposit in the Excess Reserve Fund as of the preceding Distribution Date, any withdrawals from and deposits into the Excess Reserve Fund as of the Distribution Date, and the ending balance of amounts on deposit in the Excess Reserve Fund on such Distribution Date; (xvi) [Reserved]; (xvii) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Offered Certificates and the Class B-2 Certificates for such Distribution Date Date, separately identifying the portions thereof attributable to Rate Payments, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xix) [Reserved]; (xx) the Principal Balance of the Re-performing 60+ Day Delinquent Loans; (xxi) the amount of the Trustee Fee paid; (xxii) Class A-1A LIBOR Carryover Amounts for the Class A-1A Certificates distributed on such Distribution Date and the Unpaid Interest Shortfall Amount for amounts remaining after giving effect to distributions thereof on such Distribution Date; (xixxxiii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xxiv) whether a Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xxv) the Available Funds with respect to each Loan GroupFunds; (xxxxvi) the Pass-Through Rate rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxixxvii) the Liquidation Report for such Distribution Date; (xxviii) [Reserved] (xxix) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Servicer or Seller during the related Due Period, Collection Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviiixxx) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component aggregate Principal Balance of the Mortgage Loans repurchased by the Seller during the related Certificates and Principal-Only ComponentsCollection Period in connection with Section 3.16. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Trustee may fully rely upon and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 no liability with respect to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible information with respect to the parties, and Mortgage Loans provided by the Securities Administrator shall provide timely and adequate notification to all parties regarding any such changeServicer. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section Section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xv) and (xxixx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape provide to Bloomberg Financial Markets, Inc. the Class R and Class R-4 Certificateholders a copy of the reports provided to the Regular Certificateholders in a format acceptable respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance Class R and Intex Solutions Class R-4 Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Residential Asset Funding Corp)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer pursuant to Sections 3.19 and 4.04, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) [Reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Period and Prepayment Period, the cumulative amount of Realized Losses and the aggregate amount of Realized Losses, if any, allocated to each Class Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Certificates or Principal-Only ComponentsSubsequent Recoveries received since the Closing Date; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicablethe Mezzanine Certificates, of each the Class of B Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates, the Mezzanine Certificates and the Unpaid Interest Shortfall Amount Class B Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date, a Sequential Trigger Event or a Trigger Event has occurred; 115 (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Class A Certificates, each Class of Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);each Class of Class A Certificates and each Class of Mezzanine Certificates for the immediately succeeding Distribution Date; and (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfallpayments, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsCap Contract. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at “▇▇▇."▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. 116 (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Finance America Mortgage Loan Trust 2004-3)

Statements. (a) On Two Business Days prior to each Distribution Date, the Securities Administrator shall make available to the Trustee, and concurrently with each Certificateholderdistribution to Certificateholders, the Securities Administrator shall make available to each Holder of the Regular Certificates, the Seller, the Master Servicer Servicer, the Trustee and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer and the Servicers Servicer, (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Pro Rata Senior Percentage, Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reserved]the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the Six-Month CMT Indexed and One-Year MTA CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the Six-Month LIBOR Indexed, One-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period;[reserved] (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date;; and (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis. (d) No later than the second Business Day following each Determination Date, the Master Servicer shall provide the Securities Administrator the following information with respect to each Mortgage Loan (the “Remittance Report”): (i) the Mortgage Loan identifying number; (ii) [reserved]; (iii) the current Loan Rate as of the end of the related Due Period; (iv) the related Servicing Fee Rate; (v) the current Monthly Payment due as of the end of the related Due Period; (vi) the next scheduled Due Date as of the end of the related Due Period; (vii) the next Adjustment Date of the Mortgage Loan as of the end of the related Due Period, if applicable; (viii) the Stated Principal Balance of the Mortgage Loan immediately prior to the related Due Period; (ix) the Stated Principal Balance of the Mortgage Loan as of the end of the related Due Period; (x) [reserved]; (xi) the aggregate of all interest received on the Mortgage Loan, including Advances; (xii) [reserved]; (xiii) the aggregate of all scheduled principal payments received on the Mortgage Loans, including Advances; (xiv) Principal Prepayments in part; (xv) Principal Prepayments in full; (xvi) the delinquency status of the Mortgage Loan (i.e., 0, 30, 60, 90+ days Delinquent); (xvii) Prepayment Penalty Amounts; (xviii) an indication as to whether the Mortgage Loan is in foreclosure; (xix) an indication as to whether the related Mortgaged Property has become an REO Property; (xx) the date of bankruptcy of the Mortgagor, if any; (xxi) the date of foreclosure, if any; (xxii) the date on which the related Mortgaged Property became an REO Property; (xxiii) for each Mortgage Loan for which a Liquidation Event has occurred, whether such Mortgage Loan (i) has been paid in full, (ii) is a Liquidated Mortgage Loan or (iii) has been repurchased or replaced; (xxiv) [reserved]; (xxv) the Stated Principal Balance of the Mortgage Loan on the date on which a Liquidation Event occurs; (xxvi) Liquidation Proceeds; (xxvii) Net Liquidation Proceeds; (xxviii) Realized Losses; (xxix) Net Interest Shortfalls; (xxx) Relief Act Reductions; (xxxi) the aggregate of all scheduled interest received on the Mortgage Loans, excluding Advances; (xxxii) the aggregate of all scheduled principal received on the Mortgage Loans, excluding Advances; (xxxiii) the current amount of Advances outstanding; (xxxiv) the amount advanced by the related Servicer. (xxxv) the amount of principal advanced by the related Servicer; and (xxxvi) the amount of interest advanced by the related Servicer.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available to each Holder of the Trustee, each CertificateholderRegular Certificates, the SellerNIMS Insurer, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates allocable to principalprincipal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]the aggregate amount of interest and scheduled principal received or advanced by the Master Servicer with respect to the related Due Period; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for with respect to each Loan Group Group, the related group balance at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Date109 Determination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiix) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group Liquidated Mortgage Loans as of the Close of Business of the last day of the preceding Due Prepayment Period, prior to the reduction of each principal balance to zero; (xi) the total number and cumulative principal balance of all REO Properties as of the Close of Business of the last day of the preceding Prepayment Period; (xivxii) the aggregate amount of Principal Prepayments with respect to each Loan Group in full, the aggregate amount of Principal Prepayments in part and Net Liquidation Proceeds made during the related Prepayment Period; (xvxiii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and Losses; (xiv) the aggregate amount of Realized Losses, if any, allocated to extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xv) the Certificate Principal Balance of each Class of Class A Certificates, each class of Mezzanine Certificates or Principal-Only Componentsand the Class C Certificates, after giving effect to the distributions made on such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, Monthly Interest Distributable Amount in respect of each class of Class A Certificates, each class of Mezzanine Certificates and the Apportioned Principal Balances of Class C Certificates for such Distribution Date and the Subordinate Unpaid Interest Shortfall Amount, if any, with respect to the Class A Certificates, the Mezzanine Certificates after giving effect to any distributions made thereon, on and the Class C Certificates for such Distribution Date; (xvii) the aggregate amount of any Prepayment Interest Distributable Amount in respect of each Class of Certificates, Shortfalls for such Distribution Date and Date, to the respective portions thereof, if any, remaining unpaid following extent not covered by payments by the distributions made in respect of such Certificates on such Distribution DateMaster Servicer pursuant to Section 3.26; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount Credit Enhancement Percentage for such Distribution Date; (xix) the Available Funds with respect to Net WAC Rate Carryover Amount for each Loan Group;class of Class A Certificates and each class of Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; 110 (xx) amounts due, and the Pass-Through Rate for amounts received under each Class of Certificates for such Distribution DateCap Contract; (xxi) when the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due PeriodStepdown Date, and indicating the relevant section of the related Servicing Agreement, a Trigger Event or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loana Sequential Trigger Event is in effect; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Available Funds; (xxiii) current Recoveries allocable the respective Pass-Through Rates applicable to each Loan GroupClass of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to each Class of Class A Certificates and each class of Mezzanine Certificates for the immediately succeeding Distribution Date; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxvA) the amount of any Basis Risk Shortfall, if any, payments received related to claims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the cumulative amount of payments received related accrued interest thereonto claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (A) the dollar amount of claims made under the PMI Policy that were denied during the Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the dollar amount of the cumulative claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to which such denials related); (xxvi) for each Loan Group, the amount of Deferred Interest on deposit in the Pre-Funding Accounts and the Net Deferred Interest, if any, for such Loan GroupWAC Rate Carryover Reserve Account; and (xxvii) payments made under for the Yield Maintenance Agreementsdistribution occurring on the Distribution Date immediately following the end of the Funding Period, if any; and (xxviii) the amount balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Group I Mortgage Loans and/or Subsequent Group II Mortgage Loans, as applicable, and that is being distributed to the related Class A Certificates as a mandatory distribution of Net Deferred Interestprincipal, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Componentson such Distribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇301) ▇▇▇815-▇▇▇▇6600. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to the NIMS Insurer and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2005-1)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer pursuant to Section 4.04(a), the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [reserved]; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each Class of any Net Interest Shortfalls Class A Certificates and each Class of Mezzanine Certificates, if any, for such Distribution Date and the Unpaid Interest Shortfall Amount for amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)each Class of Class A Certificates and each Class of Mezzanine Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable the amount on deposit in the Dividend Account immediately prior to each Loan Group;the related Servicer Remittance Date, the amount deposited into the Dividend Account on the related Servicer Remittance Date (separately identifying the amount received from Mortgagors and the amount advanced) and the amount withdrawn from the Dividend Account on the related Servicer Remittance Date (separately identifying the amount refunded to Mortgagors and the amount distributed to the holder of the Dividend Account Certificate on such Distribution Date); and (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfallpayments, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsCap Contracts. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at “▇"w▇▇.▇▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Financial Asset Sec Corp First Franklin Mort Ln Tr 03 Ff1)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the NIMS Insurer, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) [reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Realized Losses, if any, allocated to each Class Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Certificates or Principal-Only ComponentsSubsequent Recoveries received since the Closing Date; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Floating Rate Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Certificates, Floating Rate Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to each Class of Floating Rate Certificates and the distributions made in respect Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24; (xvii) the Senior Credit Enhancement Percentage and the Class A-6 Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each Class of any Net Interest Shortfalls Floating Rate Certificates, if any, for such Distribution Date and the Unpaid Interest Shortfall Amount for amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)each Class of Floating Rate Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable to each Loan Grouppayments, if any, made under the Cap Contract; (xxiv) cumulative Recoveries allocable to each Loan Group[Reserved]; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon[Reserved]; (xxvi) for each Loan Group, (A) the amount of Deferred Interest payments received related to claims under the PMI Policy during the related Prepayment Period (and Net Deferred Interest, if any, for the number of Mortgage Loans to which such Loan Group; andpayments related) and (B) the cumulative amount of payments received related to claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (xxvii) payments (A) the dollar amount of claims made under the Yield Maintenance Agreements, if any; andPMI Policy that were denied during the Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the dollar amount of the cumulative claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to which such denials related); (xxviii) the aggregate amount of Net Deferred InterestCustodian Fee received by the Custodian, if any, added the aggregate PMI Premium and the aggregate Credit Risk Manager Fee with respect to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDue Period. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer, the Credit Risk Manager and the other parties to this Agreement Rating Agencies via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇▇▇.▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr”. Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee’s internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. in a format acceptable the Trustee shall deliver to Bloomberg Financial Marketsthe NIMS Insurer, Inc. on a monthly basisupon request, and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall supply an electronic tape be deemed to Loan Performance have been satisfied to the extent that substantially comparable information shall be prepared and Intex Solutions furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Soundview Home Loan Trust 2005-Opt2)

Statements. (a) On each Distribution Two Business Days prior to the Auction Payment Date, the Securities Administrator shall make available to the TrusteeAuction Administrator, and concurrently with each Certificateholderpayment to Noteholders, the Securities Administrator shall make available to each Noteholder, the Seller, the Initial Seller, the Master Servicer Servicer, the Indenture Trustee, the Yield Maintenance Counterparty and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer and the Servicers (the “Distribution Payment Date Statement”) as to the distributions payments to be made or made, as applicable, on such Distribution Payment Date. Information in the Payment Date Statement relating to or based on amounts to be received under the Yield Maintenance Agreements shall be based on information provided by the Yield Maintenance Counterparty regarding any Yield Maintenance Amounts required to be paid by the Yield Maintenance Counterparty for the related Payment Date pursuant to the Yield Maintenance Agreements. The Payment Date Statement shall include the following: (i) the amount of the distribution payment made on such Distribution Payment Date to the Holders of each Class of Certificates Notes allocable to principal; (ii) the amount of the distribution payment made on such Distribution Payment Date to the Holders of each Class of Certificates Notes allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Mortgage Loan Group for the following Distribution Payment Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (viv) [reserved]; (vii) the each Mortgage Loan Group Balance and related Net WAC and Net WAC Available Funds Cap for each Mortgage Loan Group at the Close of Business at the end of the related Due Period; (viiivi) for each Loan Group, the aggregate Principal Balance of the One1-Year MTA CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ixvii) for each Loan Group, the aggregate Principal Balance of the One6-Month LIBOR Indexed, 1-Month LIBOR Indexed and 1-Year LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (viii) the amount of the Master Servicer Fees paid to or retained by the Master Servicer; (ix) the aggregate amount of Servicer Fees paid to or retained by the Servicers; (x) for each Loan Groupto the extent such amounts are paid out of any Trust Account, the aggregate Principal Balance amount of fees, expenses or indemnification amounts paid by the Issuer with an identification of the COFI Indexed Mortgage Loans at general purpose of such amounts and the Close of Business at the end of the related Due Periodparty receiving such amounts; (xi) for each Mortgage Loan Group, the number, weighted average remaining term to maturity maturity, weighted average life and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Mortgage Loan Group, using the “MBA” method (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar rolling six-month preceding the Distribution delinquency rate for that Payment Date, and, cumulatively, ; (xiv) the total number and cumulative principal balance of all REO Properties in each Mortgage Loan Group as of the Close of Business of the last day of the preceding Due Period; (xivxv) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Mortgage Loan Group made during the related Prepayment Period; (xvxvi) the aggregate amount of Realized Losses for each Mortgage Loan Group and Subsequent Recoveries incurred during the related Due Period and the cumulative amount of Realized Losses and Subsequent Recoveries as of such Payment Date; (xvii) the cumulative amount of Realized LossesLosses for each Mortgage Loan Group; (xviii) the Realized Losses and Subsequent Recoveries, if any, allocated to each Class of Certificates or Principal-Only ComponentsNotes on the related Payment Date; (xvixix) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, Amount of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates Notes after giving effect to any distributions made thereon, on such Distribution Payment Date; (xviixx) the Current Interest Distributable Amount in respect of each Class of CertificatesNotes, for such Distribution Payment Date and the respective portions thereof, if any, remaining unpaid following the distributions payments made in respect of such Certificates Notes on such Distribution Payment Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xixxxi) the Available Funds with respect to each Mortgage Loan Group; (xxxxii) the Pass-Through Note Interest Rate for each Class of Certificates Notes for such Distribution DatePayment Date and the level of One-Month LIBOR or One-Year LIBOR, as applicable, used to determine the applicable Interest Rate; (xxixxiii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Initial Seller, the Seller or TMI during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxiixxiv) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i5.01(f)(i); (xxiiiA) current Recoveries allocable the amounts paid to each Loan Group; Class of Offered Notes from Yield Maintenance Amounts received from the Yield Maintenance Counterparty for such period, expressed as a dollar amount and (xxiv) cumulative Recoveries allocable to each Loan Group; (xxvB) the amount of any Basis Risk Shortfall, if any, Yield Maintenance Amount and the related accrued interest thereonapplicable Strike Rate for each Yield Maintenance Agreement for such Payment Date; (xxvi) on the Auction Payment Date, the Par Price (as defined in the Auction Administration Agreement) for each Loan Group, Class of Auction Notes as reported to the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; andMaster Servicer by the Securities Administrator; (xxvii) payments made under the Yield Maintenance Agreementstotal number of Mortgage Loans in the aggregate and the aggregate Scheduled Principal Balance in the aggregate and separately for the Group 1 Mortgage Loans (also separately stating such information for the Three-Year Hybrid Mortgage Loans and the Five-Year Hybrid Mortgage Loans), if anythe Group 2 Mortgage Loans and the Group 3 Mortgage Loans, in each case at the close of business at the end of the related Due Period; and (xxviii) the amount of Net Deferred Interestamount, if any, added to remaining on deposit in the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsReserve Fund. The Securities Administrator will make the Distribution Payment Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Securityholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “w▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular CertificateNoteholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a CertificateholderNoteholder and such other customary information which a Securityholder reasonably requests to prepare its tax returns. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders Securityholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Payment Date, the Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 1 contract

Sources: Sale and Servicing Agreement (Thornburg Mortgage Securities Trust 2007-2)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer Servicer, the Trustee shall prepare and make available by electronic medium (as set forth in the penultimate paragraph of this Section 4.03(a)) to each Holder of the Regular Certificates, the Trustee, the Master Servicer, the NIMS Insurer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates), allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool, for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) reserved; (vi) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reserved]Period; (vii) the Loan Group aggregate Stated Principal Balance and related Net WAC and Net WAC Cap for each Loan Group of the Mortgage Loans at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiix) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to delinquent 30-59 days Delinquentdays, (b) 60 to delinquent 60-89 days Delinquentdays, (c) delinquent 90 or more days Delinquentin each case, as of the last day of the preceding calendar month provided, however that any aggregate unpaid principal balance of Mortgage Loans shall be reported as of the last day of the related Due Period, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in bankruptcyforce; (x) with respect to any Mortgage Loan that became an REO Property during the preceding Prepayment Period, in each case the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the close of business on the last day of the preceding calendar monthdate it became an REO Property; (xiiixi) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxiii) by Loan Group and in the aggregate, the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses; (xiv) the aggregate amount of Extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the amount Class C Certificates, after giving effect to the distributions made on such Distribution Date, and the Notional Amount of Realized Lossesthe Class C Certificates, if any, allocated after giving effect to each Class of Certificates or Principal-Only Componentsthe distributions made on such Distribution Date; (xvi) the Monthly Interest Distributable Amount in respect of the Class Certificate Principal Balance or A Certificates, the Mezzanine Certificates, the Class Certificate Notional Amount, as applicable, of each Class of B Certificates and the Apportioned Principal Balances of Class C Certificates for such Distribution Date and the Subordinate Unpaid Interest Shortfall Amount, if any, with respect to the Class A Certificates, the Mezzanine Certificates after giving effect to any distributions made thereon, on and the Class B Certificates for such Distribution Date; (xvii) the aggregate amount of any Prepayment Interest Distributable Amount in respect of each Class of Certificates, Shortfalls for such Distribution Date Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.24, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect aggregate amount of such Certificates on any Relief Act Interest Shortfalls for such Distribution Date; (xviii) the aggregate amount of any Credit Enhancement Percentage for such Distribution Date; 112 (xix) the related Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates, the Mezzanine Certificates and the Unpaid Interest Shortfall Amount Class B Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for Trustee Fee on such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, whether a Stepdown Date or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loana Trigger Event has occurred; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Available Funds; (xxiii) current Recoveries allocable the respective Pass-Through Rates applicable to each Loan Groupthe Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class A Certificates, the Mezzanine Certificates and the Class B Certificates for the immediately succeeding Distribution Date; (xxiv) cumulative Recoveries allocable to each Loan Groupreserved; (xxv) any other information that is required by the amount of any Basis Risk Shortfall, if any, Code and the related accrued interest thereonregulations thereunder to be made available to Certificateholders; (xxvi) the amount on deposit in the Reserve Fund; (A) the dollar amount of payments received related to claims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the aggregate dollar amount of payments received related to claims under the PMI Policy since the Cut-off Date (and the number of Mortgage Loans to which such payments related); (A) the dollar amount of claims made under the PMI Policy that were denied during the related Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the aggregate dollar amount of claims made under the PMI Policy that were denied since the Cut-off Date (and the number of Mortgage Loans to which such denials related); (xxix) for each Loan Groupsuch Distribution Date, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Groupany payment made by the Cap Provider under each of the Cap Agreements; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviiixxx) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of Subsequent Recoveries and Gross Subsequent Recoveries for the related Certificates Prepayment Period and Principal-Only Componentsthe cumulative amount of Subsequent Recoveries and Gross Subsequent Recoveries in the aggregate and for each of Loan Group I and Loan Group II. The Securities Administrator will Trustee shall make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Master Servicer, the NIMS Insurer and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇.” /invr. Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇-▇▇▇) -▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option options are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to the Holders of the Residual Certificates and the NIMS Insurer a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, the Trustee shall deliver to each Person who at any time during the calendar year was a Holder of a Residual Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of a Residual Certificate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) On each Distribution Date the Trustee shall provide Bloomberg Financial Markets, Inc. in L.P. ("Bloomberg") CUSIP level factors for each Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, the Trustee and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basisBloomberg.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Long Beach Mortgage Loan Trust 2004-2, Asset-Backed Certificates, Series 2004-2)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained from contained in the Master Servicer Remittance Report, the Trustee shall prepare and post on its website at ▇▇▇.▇▇▇▇▇▇.▇▇▇/▇▇▇ and forward by mail to each Holder of the Regular Certificates and the Servicers (the “Distribution Date Statement”) Guarantor, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principalprincipal or reduction of Notional Amount, separately identified; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class X Distributable Amount, separately identified, including the amount of any distribution from the LIBOR Carryover Reserve Account or the Class AF-1 Interest Rate Cap Account, as applicable; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsreturns by the Servicer during the related Collection Period and accrued and unpaid Special Servicing Fees; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesCollection Period; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of prepayment penalties collected (including amounts deposited in connection with the full or partial waiver of such prepayment penalties pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiv) the Class Certificate Principal Balance Balance, or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates Certificates, after giving effect to any distributions the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Offered Certificates and the Class B-3 Certificates for such Distribution Date Date, separately identifying the portions thereof attributable to LIBOR Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixvi) the aggregate amount of any Net Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvii) the amount of the Trustee Fee paid; (xviii) the LIBOR Carryover Amounts distributed on such Distribution Date and the Unpaid Interest Shortfall Amount for amounts remaining after giving effect to distributions thereof on such Distribution Date; (xix) any Overcollateralization Deficiency after giving effect to the Available Funds with respect to each Loan Groupdistribution of Extra Principal Distribution Amount on such Distribution Date; (xx) whether a Trigger Event has occurred and is continuing, and the Pass-Through Rate cumulative Realized Losses, as a percentage of the original Pool Balance; (xxi) the Available Funds for such Distribution Date; (xxii) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxixxiii) the Liquidation Report for such Distribution Date; (xxiv) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Servicer or Seller during the related Due Period, Collection Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount aggregate Principal Balance of any Basis Risk Shortfall, if any, and the Mortgage Loans repurchased by the Servicer (or an affiliate) during the related accrued interest thereonCollection Period in connection with Section 3.16; (xxvi) the Guarantee Fee to be paid to the Guarantor with respect to the Guaranteed Certificates for each Loan Group, such Distribution Date; (xxvii) the amount of Deferred Interest and Net Deferred InterestMaximum Cap Rate for such Distribution Date; (xxviii) the LIBOR Carryover Amount, if any, for the Class AV-1 Certificates for such Loan GroupDistribution Date, and the amount of such Interest Carryover Amount remaining unpaid after reimbursements therefor on such Distribution Date; (A) the amount of payments received relating to claims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the cumulative amount of payments received relating to claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (A) the dollar amount of claims made under the PMI Policy that were denied during the Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the dollar amount of the cumulative claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to which such denials related); and (xxviixxxi) payments such other information as the Guarantor may reasonable request in such format as reasonably requested by the Guarantor and any other information that is required by the Code and regulations thereunder to be made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added available to Certificateholders. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Class Certificate Principal Balance or Component Principal Balance of Mortgage Loans provided by the related Certificates and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 changeServicer. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Trustee shall furnish to the Guarantor and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xv) and (xxixx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Markets, Inc. the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in a format acceptable respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Residual Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Residential Asset Funding Corp)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to the Trust Administrator by the Master Servicer (which in turn shall be based on information provided to the Master Servicer by the Servicer), the Trust Administrator shall prepare and make available to each Holder of the Regular Certificates, the Swap Provider, the Credit Risk Manager, the Servicer, the Certificate Insurer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date:Date (the “Monthly Statement”): (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates allocable to principalprincipal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) Net Monthly Excess Cashflow, the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) any fees and expenses of the aggregate amount of servicing compensation received by each Servicer during the related Due Period Trust accrued and paid on such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (v) the aggregate amount of Advances for the related Due Period and (including the amount general purpose of unreimbursed such Advances); (vi) [reserved]the aggregate amount of interest and scheduled principal received or advanced by the Servicer with respect to the related Due Period; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for with respect to each Loan Group Group, the related group balance at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiix) the number and aggregate unpaid principal balance of Mortgage Loans, Loans (except those Mortgage Loans that are liquidated as of the end of the related Prepayment Period) that were (as determined using the OTS method) (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties; (x) the Distribution Date, and, cumulatively, Delinquency Percentage; (xi) the total number and cumulative principal balance of all REO Properties in each Loan Group Liquidated Mortgage Loans as of the Close of Business of the last day of the preceding Due Prepayment Period, prior to the reduction of each principal balance to zero; (xii) the total number and cumulative principal balance of all REO Properties as of the Close of Business of the last day of the preceding Prepayment Period; (xivxiii) the aggregate amount of Principal Prepayments with respect to each Loan Group in full, the aggregate amount of Principal Prepayments in part and Net Liquidation Proceeds made during the related Prepayment Period; (xvxiv) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and Losses; (xv) the aggregate amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsextraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Class A Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, before and after giving effect to any the distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount in respect of each Class of Certificates, Class A Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect of such Class A Certificates on and the Class C Certificates for such Distribution Date; (xviii) the aggregate amount of any Net Prepayment Interest Shortfalls and for such Distribution Date, to the Unpaid Interest Shortfall Amount extent not covered by payments by the Servicer pursuant to Section 3.26; (xix) the Senior Credit Enhancement Percentage for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Net WAC Rate Carryover Amount for each Class of Certificates Class A Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxi) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder by any Net Swap Payments or Swap Termination Payments (a) due from the Seller during Trust and (b) due from the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanSwap Provider; (xxii) whether the amount of any Principal Deficiency Amounts Stepdown Date or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)a Trigger Event is in effect; (xxiii) current Recoveries allocable to each Loan Groupthe total cashflows received (including amounts received from the Supplemental Interest Trust Trustee under the Interest Rate Swap Agreement); (xxiv) cumulative Recoveries allocable the respective Pass-Through Rates applicable to each Loan GroupClass of Class A Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to each Class of Class A Certificates for the immediately succeeding Distribution Date; (xxv) the amount of any Basis Risk Shortfall, if any, payments received related to claims under the Pool Policy during the related Prepayment Period (and the number of Covered Mortgage Loans to which such payments related) and (B) the cumulative amount of payments received related accrued interest thereonto claims under the Pool Policy since the Closing Date (and the number of Covered Mortgage Loans to which such payments related); (xxvi) for each Loan Group, the dollar amount of Deferred Interest claims made under the Pool Policy that were denied during the Prepayment Period (and Net Deferred Interest, if any, for the number of Covered Mortgage Loans to which such Loan Group; anddenials related) and (B) the dollar amount of the cumulative claims made under the Pool Policy that were denied since the Closing Date (and the number of Covered Mortgage Loans to which such denials related); (xxvii) payments made under the Yield Maintenance Agreements, if any; andamount on deposit Net WAC Rate Carryover Reserve Account; (xxviii) the applicable Record Date, Accrual Period and Determination Date for calculating distributions for such Distribution Date; (xxix) the amount of Net Deferred Interest, if any, added to any payments/draws under the Class Certificate Principal Balance or Component Principal Balance Policy; and (xxx) the amount of the related Certificates any Reimbursement Amounts paid and Principal-Only Componentsany outstanding Reimbursement Amounts. The Securities Trust Administrator will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Certificate Insurer, the Swap Provider, the Credit Risk Manager, the Master Servicer, the Servicer, the Depositor and the other parties to this Agreement Rating Agencies via the Securities Trust Administrator’s internet website. The Securities Trust Administrator’s internet website shall initially be located at “w▇▇.▇▇▇▇▇▇▇.▇▇▇.” ”. Assistance in using the website can be obtained by calling the Securities Trust Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Trust Administrator shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Trust Administrator shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. In addition, the Trust Administrator will report on Form 10-D any material breaches of representations and warranties regarding the Mortgage Loans to the extent known to the Trust Administrator and if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time. For all purposes of this Agreement, with respect to any Mortgage Loan, delinquencies shall be determined by the Trust Administrator from information provided by the Servicer and reported by the Trust Administrator based on the “OTS” methodology. By way of example, a Mortgage Loan would be Delinquent with respect to a Monthly Payment due on a Due Date if such Monthly Payment is not made by the Close of Business on the Mortgage Loan's next succeeding Due Date, and a Mortgage Loan would be more than 30-days Delinquent with respect to such Monthly Payment if such Monthly Payment were not made by the Close of Business on the Mortgage Loan’s second succeeding Due Date (the “OTS Method”). The Servicer hereby represents and warrants to the Depositor that it is not subject to any delinquency recognition policy established by its safety and soundness regulators. (b) Within a reasonable period of time after the end of each calendar year, the Securities Trust Administrator shall, upon written request, furnish to the Certificate Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Trust Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Trust Administrator shall supply an electronic tape make available to Bloomberg Financial Marketsthe Certificate Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trust Administrator deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trust Administrator shall deliver to the Certificate Insurer and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trust Administrator pursuant to any requirements of the Code as from time to time in force. (e) For each Distribution Date, Inc. through and including the Distribution Date in December 2007, the Trust Administrator shall calculate the Significance Percentage of the Interest Rate Swap Agreement. If on a monthly basisany such Distribution Date, the Significance Percentage is equal to or greater than 9%, the Trust Administrator shall promptly notify the Depositor and the Depositor, on behalf of the Trust Administrator, shall supply an electronic tape obtain the financial information required to Loan Performance be delivered by the Swap Provider pursuant to the terms of the Interest Rate Swap Agreement. If, on any succeeding Distribution Date through and Intex Solutions including the Distribution Date in a format acceptable December 2007, the Significance Percentage is equal to Loan Performance or greater than 10%, the Trust Administrator shall promptly notify the Depositor and Intex Solutions the Depositor shall, within 5 Business Days of such Distribution Date, deliver to the Trust Administrator the financial information provided to it by the Swap Provider for inclusion in the Form 10-D relating to such Distribution Date. If on a monthly basisany Distribution Date after December 2007, the Significance Percentage is greater than 10%, the Trust Administrator shall include the Significance Percentage on the statement to Certificateholders for the related Distribution Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-Hl1)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available to each Holder of the Trustee, each CertificateholderRegular Certificates, the SellerNIMS Insurer, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class S Certificates), separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date;; 104 (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [reserved]; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, each class of each Class of Mezzanine Certificates and the Apportioned Principal Balances Class C Certificates and the Notional Amount of the Subordinate Certificates Class S Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each class of Class of A Certificates, the Class S Certificates, each class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Class S Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; 105 (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each class of any Net Interest Shortfalls Class A Certificates, the Class S Certificates and each class of Mezzanine Certificates, if any, for such Distribution Date and the Unpaid Interest Shortfall Amount for amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Class A Certificates, each class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)each class of Class A Certificates and each class of Mezzanine Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable (A) the amount of payments received related to each Loan Groupclaims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the cumulative amount of payments received related to claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (xxivA) the dollar amount of claims made under the PMI Policy that were denied during the Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the dollar amount of the cumulative Recoveries allocable claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to each Loan Groupwhich such denials related); (xxv) the amount of any Basis Risk Shortfallon deposit in the Pre-Funding Accounts, if any, the Interest Coverage Accounts and the related accrued interest thereon;Net WAC Rate Carryover Reserve Account; and (xxvi) for each Loan Groupthe distribution occurring on the Distribution Date immediately following the end of the Funding Period, the amount balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Group I Mortgage Loans and/or Subsequent Group II Mortgage Loans, as applicable, and that is being distributed to the related Class A Certificates as a mandatory distribution of Deferred Interest and Net Deferred Interestprincipal, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. 106 The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇301) ▇▇▇815-▇▇▇▇6600. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe NIMS Insurer and the Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to the NIMS Insurer and each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.force. 107

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Option One Mort Accept Corp Asset Backed Cert Ser 2002-3)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the NIMS Insurer, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentage, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) [reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Realized Losses, if any, allocated to each Class Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Certificates or Principal-Only ComponentsSubsequent Recoveries received since the Closing Date; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Floating Rate Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Certificates, Floating Rate Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to each Class of Floating Rate Certificates and the distributions made in respect Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each Class of any Net Interest Shortfalls Floating Rate Certificates, if any, for such Distribution Date and the Unpaid Interest Shortfall Amount for amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);each Class of Floating Rate Certificates for the immediately succeeding Distribution Date; and (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfallpayments, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsCap Contract. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer and the other parties to this Agreement Rating Agencies via the Securities AdministratorTrustee’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇desk. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee’s internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. in a format acceptable the Trustee shall deliver to Bloomberg Financial Marketsthe NIMS Insurer, Inc. on a monthly basisupon request, and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall supply an electronic tape be deemed to Loan Performance have been satisfied to the extent that substantially comparable information shall be prepared and Intex Solutions furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Fremont Home Loan Trust 2005-2)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) [reserved]; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Realized Losses, if any, allocated to each Class Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Certificates or Principal-Only ComponentsSubsequent Recoveries received since the Closing Date; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; 112 (xiv) the Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Class A Certificates, each Class of Mezzanine Certificates, the Class B Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to each Class of Class A Certificates, each Class of Mezzanine Certificates, the distributions made in respect Class B Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each Class of any Net Interest Shortfalls Class A Certificates, each Class of Mezzanine Certificates and the Unpaid Interest Shortfall Amount Class B Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Class A Certificates, each Class of Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);each Class of Class A Certificates, each Class of Mezzanine Certificates and the Class B Certificates for the immediately succeeding Distribution Date; and (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components[reserved]. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇.” /invr". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇800) ▇▇▇735-▇▇▇▇7777. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports 113 statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Fremont Home Loan Trust 2004-1)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageNet Monthly Excess Cashflow, Senior Prepayment Percentagethe Overcollateralized Amount, Subordinate Percentage the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount fees and expenses of servicing compensation received by each Servicer during the related Due Period Trust Fund accrued and paid on such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (v) the aggregate amount of Advances for the related Due Period and (including the amount general purpose of unreimbursed such Advances); (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the calendar month preceding Due Periodthe related Distribution Date; (xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxi) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Realized LossesSubsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xiii) the Certificate Principal Balance of each Class of Floating Rate Certificates and the Class C Certificates, before and after giving effect to the distributions made on such Distribution Date; (xiv) the Monthly Interest Distributable Amount in respect of the Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, allocated with respect to each Class the Floating Rate Certificates for such Distribution Date; (xv) the aggregate amount of Certificates or Principal-Only Componentsany Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Credit Enhancement Percentage for such Distribution Date; (xvii) the Interest Distributable Net WAC Rate Carryover Amount in respect of each Class of for the Floating Rate Certificates, if any, for such Distribution Date and the respective portions thereof, if any, amount remaining unpaid following the distributions made in respect of such Certificates after reimbursements therefor on such Distribution Date; (xviii) whether the aggregate amount of any Net Interest Shortfalls Stepdown Date or a Trigger Event has occurred, the Delinquency Percentage for such Distribution Date and the Unpaid Interest Shortfall Amount Realized Loss Percentage for such Distribution Date; (xix) the Available Funds with respect to each Loan Grouptotal cashflows received and the general sources thereof; (xx) the respective Pass-Through Rates applicable to the Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate for each Class of applicable to the Floating Rate Certificates for such the immediately succeeding Distribution Date; (xxi) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, any Net Swap Payments or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;Swap Termination Payments; and (xxii) the amount of applicable Record Date, Accrual Period and any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) other applicable determination dates for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, calculating distributions for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇▇▇.h▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/▇▇▇▇”. Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee’s internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Soundview Home Loan Trust 2006-A)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer pursuant to Sections 3.19 and 4.04, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate Stated Principal Balance of all Subsequent Mortgage Loans added during the Funding Period; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [Reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Period and Prepayment Period, the cumulative amount of Realized Losses and the aggregate amount of Realized LossesSubsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the Class C Certificates, after giving effect to the distributions made on such Distribution Date; (xv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates, each Class of Class B Certificates and the Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, allocated with respect to each the Class of A Certificates, the Mezzanine Certificates, the Class B Certificates or Principal-Only Componentsand the Class C Certificates for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, aggregate amount of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Net Prepayment Interest Shortfalls for such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, Credit Enhancement Percentage for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates, the Mezzanine Certificates and the Unpaid Interest Shortfall Amount Class B Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Class A Certificates, each Class of Mezzanine Certificates, each Class of Class B Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)each Class of Class A Certificates and each Class of Mezzanine Certificates and the Class B Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable to each Loan Grouppayments, if any, made under the Cap Contract; (xxiv) cumulative Recoveries allocable to each Loan Group;the amount on deposit in the Pre-Funding Accounts and the Interest Coverage Accounts; and (xxv) for the amount distribution occurring on the Distribution Date immediately following the end of any Basis Risk Shortfallthe Funding Period, the balance on deposit in each of the Pre-Funding Accounts that have not been used to purchase Subsequent Mortgage Loans and that is being distributed to the related Class A Certificates as a mandatory distribution of principal, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at “▇▇▇."▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Meritage Mortgage Loan Trust 2005-1 Asset-Backed Certificates, Series 2005-1)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained contained in the Remittance Report, the Trustee shall prepare and make available on its website at h▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/▇▇▇, or at such other site as the Trustee may designate from time to time, for access by each Holder of the Master Servicer Regular Certificates and the Servicers (the “Distribution Date Statement”) Depositor, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest, separately identified; the amount of the distribution made on such Distribution Date to the Holders of the Class CE-1 Certificates and the aggregate amount of Prepayment Charges collected (including amounts deposited in connection with the full or partial waiver of such Prepayment Charges pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class P Certificates; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency, the Targeted Overcollateralization Amount and Subordinate Prepayment Percentage with respect to each Loan Group for the following Monthly Excess Interest Amount as of such Distribution Date; (iv) the aggregate amount fees and expenses of servicing compensation received by each Servicer during the related Due Period Trust accrued and paid on such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (v) the aggregate amount of Advances for the related Due Collection Period and (including the amount general purpose of unreimbursed Advancessuch Advances to the extent such information is provided to the Trustee by the Servicer); (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance Principal Balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and (other than the Apportioned Principal Balances of the Subordinate Certificates Residual Certificates), after giving effect to any distributions the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixiv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Class A Certificates, Mezzanine Certificates and Class B Certificates for such Distribution Date Date, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date and the amount of any Net WAC Rate Carryover Amounts; (xv) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvi) the Net WAC Rate Carryover Amounts distributed on such Distribution Date and the amounts remaining after giving effect to distributions thereof on such Distribution Date; (xvii) whether a Stepdown Date or Trigger Event has occurred and is continuing, and the cumulative Realized Losses, as a percentage of the original Pool Balance; (xviii) the aggregate amount Available Funds; (xix) the rate at which interest accrues for each Class of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount Certificates for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates Liquidation Report for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller Servicer or Sponsor during the related Due Period, Collection Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts Net Swap Payments or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);Swap Termination Payments; and (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of applicable Record Date, Interest Accrual Period, Determination Date, Distribution Date and any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) other applicable determination dates for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, calculating distributions for such Loan Group; and (xxvii) payments made under Distribution Date. The Trustee’s responsibility for providing the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added above statement is limited to the Class Certificate Principal Balance or Component Principal Balance availability, timeliness and accuracy of the related Certificates and Principal-Only Componentsinformation derived from the Servicer. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Trustee may fully rely upon and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 no liability with respect to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible information with respect to the parties, and Mortgage Loans provided by the Securities Administrator shall provide timely and adequate notification to all parties regarding any such changeServicer. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. Parties that are unable to use or access the Trustee’s website are entitled to have a paper copy of the above statement mailed to them by first class mail by calling the Trustee at (▇▇▇) ▇▇▇-▇▇▇▇. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xv) and (xxixx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Markets, Inc. the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in a format acceptable respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Residual Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (C-Bass Mortgage Loan Trust 2007-Cb3)

Statements. (a) On each Distribution Date, the Securities Administrator Trustee shall make available to the Trustee, each Certificateholder, the Certificate Insurer, the Seller, the Master Servicer and the each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during the related Due Period, the Custodial Fee paid to the Custodian during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reserved]the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) the amount on deposit in the Prefunding Account in the aggregate and for each Loan Group, Group (including a breakdown of amounts released during the aggregate Principal Balance prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in Available Funds on the One-Month LIBOR Indexed Mortgage Loans at Distribution Date in the Close of Business at month following the end of the related Due Prefunding Period); (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period[Reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional AmountBalance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate and Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and; (xxvii) payments made under the Yield Maintenance Agreements, if any; and; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates Certificates; (xxix) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxx) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxxi) the number of mortgage loans and Principal-Only Componentsthe aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxii) the amount of any payment to the Class X-3 Certificate of any Class X-3 Amortization Shortfall and the amount remaining on deposit in the Group 3 Prepayment Account, if any, after any such payment. The Securities Administrator Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities AdministratorTrustee’s internet Internet website. The Securities AdministratorTrustee’s internet Internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee 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 Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Initial Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the Certificate Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 1 contract

Sources: Pooling Agreement (HarborView Mortgage Loan Trust 2005-16)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties; (ix) payments, if any, made under the Distribution Date, and, cumulatively, Cap Contract; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicablethe Mezzanine Certificates, of each the Class of P Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates and the Mezzanine Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates and the Unpaid Interest Shortfall Amount Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) the Available Funds with respect Overcollateralization Target Amount, any Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;Available Funds; and (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added respective Pass-Through Rates applicable to the Class Certificate Principal Balance or Component Principal Balance A Certificates, each Class of the related Mezzanine Certificates and Principalthe Class C Certificates for such Distribution Date and the Pass-Only ComponentsThrough Rate applicable to the Class A Certificates and each Class of Mezzanine Certificates for the immediately succeeding Distribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇.” /invr". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇800) ▇▇▇735-▇▇▇▇7777. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Financial Asset Sec Corp Ast Back Certs Ser 2003-1)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available to each Holder of the Trustee, each CertificateholderRegular Certificates, the SellerNIMs Insurer, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO 91 (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [reserved]; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each the Class of A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates and the Unpaid Interest Shortfall Amount Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid respective Pass-Through Rates applicable to an Undercollateralized Group or amounts paid pursuant the Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass- Through Rate applicable to Section 5.01(e)(i)the Class A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable (A) the amount of payments received related to each Loan Groupclaims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the cumulative amount of payments received related to claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (xxivA) the dollar amount of claims made under the PMI Policy that were denied during the Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the dollar amount of the cumulative Recoveries allocable claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to each Loan Groupwhich such denials related); (xxv) the amount of any Basis Risk Shortfallon deposit in the Pre-Funding Account, if any, the Interest Coverage Account and the related accrued interest thereon;Reserve Fund; and (xxvi) for each Loan Groupthe distribution occurring on the Distribution Date immediately following the end of the Funding Period, the amount balance on deposit in the Pre-Funding Account that has not been used to purchase Subsequent Mortgage Loans and that is being distributed to the Class A Certificates as a mandatory prepayment of Deferred Interest and Net Deferred Interestprincipal, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMs Insurer and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "www.ctslink.com". Assistance in usi▇▇ ▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇301) ▇▇▇815-▇▇▇▇6600. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMs Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe NIMs Insurer and the Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to the NIMs Insurer and each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Option One Mort Ln Trust Asset Back Certs Ser 2001-3)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer Servicer, the Trustee shall prepare and make available by electronic medium (as set forth in the penultimate paragraph of this Section 4.03(a)) to each Holder of the Regular Certificates, the Trustee, the Master Servicer, the NIMS Insurer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class S Certificates), separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates), allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool, for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) reserved; (vi) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reserved]Period; (vii) the Loan Group aggregate Stated Principal Balance and related Net WAC and Net WAC Cap for each Loan Group of the Mortgage Loans at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiix) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to delinquent 30-59 days Delinquentdays, (b) 60 to delinquent 60-89 days Delinquentdays, (c) delinquent 90 or more days Delinquentin each case, as of the last day of the preceding calendar month provided, however that any aggregate unpaid principal balance of Mortgage Loans shall be reported as of the last day of the related Due Period, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in bankruptcyforce; (x) with respect to any Mortgage Loan that became an REO Property during the preceding Prepayment Period, in each case the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the close of business on the last day of the preceding calendar month;date it became an REO Property; 112 (xiiixi) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxiii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses; (xiv) the aggregate amount of Extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xv) the Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates and the amount Class C Certificates, after giving effect to the distributions made on such Distribution Date, and the Notional Amount of Realized Lossesthe Class S Certificates and the Class C Certificates, if any, allocated after giving effect to each Class of Certificates or Principal-Only Componentsthe distributions made on such Distribution Date; (xvi) the Monthly Interest Distributable Amount in respect of the Class Certificate Principal Balance or A Certificates, the Class Certificate Notional AmountS Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of Class C Certificates for such Distribution Date and the Subordinate Unpaid Interest Shortfall Amount, if any, with respect to the Class A Certificates, the Class S Certificates after giving effect to any distributions made thereon, on and the Mezzanine Certificates for such Distribution Date; (xvii) the aggregate amount of any Prepayment Interest Distributable Amount in respect of each Class of Certificates, Shortfalls for such Distribution Date Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.24, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect aggregate amount of such Certificates on any Relief Act Interest Shortfalls for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount Credit Enhancement Percentage for such Distribution Date; (xix) the Available Funds with respect to each Loan GroupNet WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) the Pass-Through Rate for each Class of Certificates for Trustee Fee on such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, whether a Stepdown Date or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loana Trigger Event has occurred; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Available Funds; (xxiii) current Recoveries allocable the respective Pass-Through Rates applicable to each Loan Group;the Class A Certificates, the Class S Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; 113 (xxiv) cumulative Recoveries allocable to each Loan Groupreserved; (xxv) any other information that is required by the amount of any Basis Risk Shortfall, if any, Code and the related accrued interest thereonregulations thereunder to be made available to Certificateholders; (xxvi) the amount on deposit in the Reserve Fund; (A) the dollar amount of payments received related to claims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the aggregate dollar amount of payments received related to claims under the PMI Policy since the Cut-off Date (and the number of Mortgage Loans to which such payments related); (A) the dollar amount of claims made under the PMI Policy that were denied during the related Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the aggregate dollar amount of claims made under the PMI Policy that were denied since the Cut-off Date (and the number of Mortgage Loans to which such denials related); and (xxix) for each Loan Groupsuch Distribution Date, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments any payment made by the Cap Provider under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsCap Agreement. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Master Servicer, the NIMS Insurer and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇.” /invr. Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇-▇▇▇) -▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option options are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to the Holders of the Residual Certificates and the NIMS Insurer a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, the Trustee shall deliver to each Person who at any time during the calendar year was a Holder of a Residual Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Holder of a Residual Certificate. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) On each Distribution Date the Trustee shall provide Bloomberg Financial Markets, Inc. in L.P. ("Bloomberg") CUSIP level factors for each Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, the Trustee and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basisBloomberg.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Long Beach Loan 2003-2)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to the Trust Administrator by the Master Servicer (which in turn shall be based, as applicable, on information provided to the Master Servicer by the Servicer), the Trust Administrator shall prepare and make available to each Holder of the Regular Certificates, the Credit Risk Manager, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageNet Monthly Excess Cashflow, Senior Prepayment Percentagethe Overcollateralized Amount, Subordinate Percentage the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount fees and expenses of servicing compensation received by each Servicer during the related Due Period Trust Fund accrued and paid on such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (v) the aggregate amount of Advances for the related Due Period and (including the amount general purpose of unreimbursed such Advances); (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) using the aggregate and for each Loan Group, OTS Method (aas described below) (1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the calendar month preceding Due Periodthe related Distribution Date; (xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxi) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period, which will include the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the aggregate amount of Realized Losses incurred since the Closing Date, which will include the cumulative amount of Realized Losses Subsequent Recoveries received since the Closing Date; (xii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xiii) the Certificate Principal Balance of each Class of Floating Rate Certificates and the amount Class C Certificates, before and after giving effect to the distributions made on such Distribution Date; (xiv) the Monthly Interest Distributable Amount in respect of Realized Lossesthe Fixed Rate Certificates, the Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, allocated with respect to each Class the Fixed Rate Certificates and the Floating Rate Certificates for such Distribution Date; (xv) the aggregate amount of Certificates or Principal-Only Componentsany Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates Senior Credit Enhancement Percentage and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Class M-1 Credit Enhancement Percentage for such Distribution Date; (xvii) the Interest Distributable Net WAC Rate Carryover Amount in respect of each Class of for the Fixed Rate Certificates and the Floating Rate Certificates, if any, for such Distribution Date and the respective portions thereof, if any, amount remaining unpaid following the distributions made in respect of such Certificates after reimbursements therefor on such Distribution Date; (xviii) whether the aggregate amount of any Net Interest Shortfalls Stepdown Date or a Trigger Event has occurred, the Delinquency Percentage for such Distribution Date and the Unpaid Interest Shortfall Amount Realized Loss Percentage for such Distribution Date; (xix) the Available Funds with respect to each Loan Grouptotal cashflows received and the general sources thereof; (xx) the respective Pass-Through Rates applicable to the Fixed Rate Certificates, the Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate for each Class of applicable to the Fixed Rate Certificates and the Floating Rate Certificates for such the immediately succeeding Distribution Date; (xxi) payments, if any, made under the aggregate Principal Balance Cap Contract and the amount distributed to each Class of Mortgage Loans purchased hereunder by Certificates from payments made under the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanCap Contract; (xxii) the amount of any Principal Deficiency Amounts Net Swap Payments or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);Swap Termination Payments; and (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of applicable Record Date, Accrual Period and any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) other applicable determination dates for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, calculating distributions for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Trust Administrator will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Master Servicer, the Servicer, the Depositor and the other parties to this Agreement Rating Agencies via the Securities Trust Administrator’s internet website. The Securities Trust Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ”. Assistance in using the website can be obtained by calling the Securities Trust Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Trust Administrator shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Trust Administrator shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. In addition, on each Distribution Date, based, as applicable, on information provided to the Trust Administrator by the Master Servicer (which in turn shall be based, as applicable, on information provided to the Master Servicer by the Servicer), the Trust Administrator shall prepare and make available information, separated for the Originator, regarding the performance of the Mortgage Loans, including, but not limited to, information regarding delinquency, loss and prepayment experience of the Mortgage Loans. For all purposes of this Agreement, with respect to any Mortgage Loan, delinquencies shall be determined and reported based on the “OTS” methodology for determining delinquencies on mortgage loans similar to the Mortgage Loans. By way of example, a Mortgage Loan would be Delinquent with respect to a Monthly Payment due on a Due Date if such Monthly Payment is not made by the close of business on the Mortgage Loan’s next succeeding Due Date, and a Mortgage Loan would be more than 30-days Delinquent with respect to such Monthly Payment if such Monthly Payment were not made by the close of business on the Mortgage Loan’s second succeeding Due Date. The Servicer hereby represents and warrants to the Depositor that this delinquency recognition policy is not less restrictive than any delinquency recognition policy established by the primary safety and soundness regulator, if any, of the Servicer. Once each calendar month, the Trust Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis. (b) Within a reasonable period of time after the end of each calendar year, the Securities Trust Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Trust Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Trust Administrator shall supply an electronic tape make available to Bloomberg Financial Marketsthe NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trust Administrator deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. in a format acceptable the Trust Administrator shall deliver to Bloomberg Financial Marketsthe NIMS Insurer, Inc. on a monthly basisupon request, and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trust Administrator shall supply an electronic tape be deemed to Loan Performance have been satisfied to the extent that substantially comparable information shall be prepared and Intex Solutions furnished to Certificateholders by the Trust Administrator pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-2)

Statements. (a) On each Distribution Date, based on the Mortgage Loan information contained in the Remittance Report, the Securities Administrator shall prepare and make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agencyon its website at www.ctslink.com, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the "Distribution Date Statement") as to the distributions to be ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ns made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identified and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates from Prepayment Penalties, Originator Prepayment Penalty Payment Amounts and Servicer Prepayment Penalty Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class CE Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCollection Period; (v) the aggregate amount of Advances for the related Due Period Collection Period, cumulative unreimbursed Advances and the amount of unreimbursed Servicing Advances and cumulative Nonrecoverable Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group Pool Balance, at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance of the REO Property as of the close of business on the last Business Day of such calendar month and the principal balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and Losses; (xiii) the amount Principal Balance of Realized Losses, if any, allocated to each Class of Certificates Certificates, after giving effect to the distributions, and allocations of Realized Losses or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional AmountApplied Realized Loss Amounts, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixiv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Certificates for such Distribution Date and any related Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixv) the aggregate amount of any Net Prepayment Interest Shortfalls and of any Compensating Interest for such Distribution Date, to the Unpaid extent not covered by payments by the Servicer pursuant to Section 3.23; (xvi) the Interest Percentage for each Class of Certificates, the amount of any Current Interest Shortfall Amount and the amount of the distribution made to each Class of Certificates pursuant to Section 4.02(f) for such Distribution Date; (xvii) the Cap Carryover Amounts distributed on such Distribution Date, the amounts remaining after giving effect to distributions thereof on such Distribution Date and the amount of all Cap Carryover Amounts covered by withdrawals from the Reserve Account on such Distribution Date; (xviii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xix) whether a Trigger Event has occurred and is continuing, and the Available Funds with respect to each Loan Groupcumulative Realized Losses, as a percentage of the original Pool Balance; (xx) the Available Funds; (xxi) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxixxii) the information contained in the Liquidation Report for such Distribution Date; (xxiii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller Servicer or the Depositor during the related Due Period, Prepayment Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxiixxiv) the amount aggregate Principal Balance of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to the Mortgage Loans repurchased by the Depositor during the related Prepayment Period in connection with Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group3.16; (xxv) the amount of any Basis the Credit Risk Shortfall, if any, and the related accrued interest thereonManager Fee paid; (xxvi) for the Mortgage Loan identifying number of each Mortgage Loan Groupwith a Prepayment Penalty that was the subject of a Principal Prepayment in full during the related Collection Period, the amount of Deferred Interest Prepayment Penalty listed on each related Mortgage Note and Net Deferred Interestthe Prepayment Penalty collected, if any, for and the Servicer Prepayment Penalty Payment Amount and the Originator Prepayment Penalty Payment Amount paid with respect to each such Loan Group; andMortgage Loan; (xxvii) payments made under the amount of any Yield Maintenance Agreements, if anyAgreement Payments for such Distribution Date; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of Subsequent Recoveries received during the related Certificates and Principal-Only ComponentsPrepayment Period. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the Securities Administrator's website can be obtained by calling the Securities Administrator’s 's customer service desk at (301) 815-6600. The Securities Administrator shall provide such informa▇▇▇) ▇▇-▇▇▇▇. Parties ▇▇s that are unable to use the above distribution option are entitled to have a paper copy mailed by mailing to them via first class mail a paper copy of the Distribution Date Statement, upon request of any such party made 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. The Securities Administrator may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i), (ii) and (iixiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xiv) and (xxixvii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape forward to Bloomberg Financial Markets, Inc. the Residual Certificateholders a copy of the reports forwarded to the holder of any Regular Certificate in a format acceptable respect of such Distribution Date with such other information as the Securities Administrator deems necessary or appropriate. Such obligation of the Securities Administrator shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Residual Certificateholders by the Securities Administrator pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Wells Fargo Home Equity Asset-Backed Securities 2005-4 Trust)

Statements. (a) On each Distribution Date, based on the Securities Administrator shall make available to Mortgage Loan information contained in the Trustee, each CertificateholderRemittance Report, the Seller, the Master Servicer Trustee shall prepare and the Rating Agencypost on its website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the "Distribution Date Statement") as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identified and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges, Originator Prepayment Charge Payment Amounts and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class CE Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCollection Period; (v) the aggregate amount of Advances for the related Due Period Collection Period, cumulative unreimbursed Advances and the amount of unreimbursed Servicing Advances and cumulative Nonrecoverable Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group Pool Balance, at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid Principal Balance of the REO Property as of the close of business on the last Business Day of such calendar month and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and Losses; (xiii) the amount Certificate Principal Balance of Realized Losses, if any, allocated to each Class of Certificates Certificates, after giving effect to the distributions, and allocations of Realized Losses or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional AmountApplied Realized Loss Amounts, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixiv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Certificates for such Distribution Date and any related Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixv) the aggregate amount of any Net Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvi) the amount of the Trustee Fee paid; (xvii) the Cap Carryover Amounts distributed on such Distribution Date, the amounts remaining after giving effect to distributions thereof on such Distribution Date and the Unpaid Interest Shortfall Amount for amount of all Cap Carryover Amounts covered by withdrawals from the Class A-2 Reserve Account and Class M Reserve Account on such Distribution Date; (xviii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xix) whether a Trigger Event has occurred and is continuing, and the Available Funds with respect to each Loan Groupcumulative Realized Losses, as a percentage of the original Pool Balance; (xx) the Pass-Through Rate Available Funds; (xxi) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxixxii) the information contained in the Liquidation Report for such Distribution Date; (xxiii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Servicer, the Originator or the Seller during the related Due Period, Prepayment Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxiixxiv) the amount aggregate Principal Balance of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to the Mortgage Loans repurchased by the Servicer during the related Prepayment Period in connection with Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group3.16; (xxv) the amount of any Basis the Credit Risk Shortfall, if any, and the related accrued interest thereonManager Fee paid; (xxvi) for the Mortgage Loan identifying number of each Mortgage Loan Groupwith a Prepayment Charge that was the subject of a Principal Prepayment in full during the related Collection Period, the amount of Deferred Interest Prepayment Charge listed on each related Mortgage Note and Net Deferred Interestthe Prepayment Charge collected, if any, for the Servicer Prepayment Charge Payment Amount paid by the Servicer or the Originator Prepayment Charge Payment Amount paid by the Originator with respect to each such Loan Group; andMortgage Loan; (xxvii) payments made under the Yield Maintenance Agreementsaggregate amount of DA Dividends attributable DAD Mortgage Loans deposited into the DA Reserve Account for the related Collection Period, if anyand the amount of DA Dividends remitted to the Trustee for deposit in the Distribution Account as a result of or relating to a DA Forfeiture Event by the related Mortgagor; and (xxviii) the amount of Net Deferred Interest, if any, added Subsequent Recoveries received during the related Prepayment Period. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Class Certificate Principal Balance or Component Principal Balance of Mortgage Loans provided by the related Certificates and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 changeServicer. In the case of information furnished pursuant to subclauses (i), (ii) and (iixiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Trustee shall furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xiv) and (xxixviii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Markets, Inc. the Class R Certificateholder a copy of the reports made available to the Regular Certificateholders in a format acceptable respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Class R Certificateholder by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (ABFC Asset-Backed Certificates, Series 2004-Ff1)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available to each Holder of the Trustee, each CertificateholderRegular Certificates, the SellerSwap Provider, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates allocable to principalprincipal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) Net Monthly Excess Cashflow, the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) any fees and expenses of the aggregate amount of servicing compensation received by each Servicer during the related Due Period Trust accrued and paid on such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (v) the aggregate amount of Advances for the related Due Period and (including the amount general purpose of unreimbursed such Advances); (vi) [reserved]the aggregate amount of interest and scheduled principal received or advanced by the Master Servicer with respect to the related Due Period; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for with respect to each Loan Group Group, the related group balance at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiix) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (as determined using the OTS method) (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties; (x) the Distribution Date, and, cumulatively, Delinquency Percentage; (xi) the total number and cumulative principal balance of all REO Properties in each Loan Group Liquidated Mortgage Loans as of the Close of Business of the last day of the preceding Due Prepayment Period, prior to the reduction of each principal balance to zero; (xii) the total number and cumulative principal balance of all REO Properties as of the Close of Business of the last day of the preceding Prepayment Period; (xivxiii) the aggregate amount of Principal Prepayments with respect to each Loan Group in full, the aggregate amount of Principal Prepayments in part and Net Liquidation Proceeds made during the related Prepayment Period; (xvxiv) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and Losses; (xv) the aggregate amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsextraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Class A Certificates, each class of Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, before and after giving effect to any the distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect of such Class A Certificates, the Mezzanine Certificates on and the Class C Certificates for such Distribution Date; (xviii) the aggregate amount of any Net Prepayment Interest Shortfalls and for such Distribution Date, to the Unpaid Interest Shortfall Amount extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xix) the Senior Credit Enhancement Percentage for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Net WAC Rate Carryover Amount for each class of Class A Certificates and each class of Certificates Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxi) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder by any Net Swap Payments or Swap Termination Payments (a) due from the Seller during Trust and (b) due from the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanSwap Provider; (xxii) whether the amount of any Principal Deficiency Amounts Stepdown Date or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)a Trigger Event is in effect; (xxiii) current Recoveries allocable to each Loan Groupthe total cashflows received; (xxiv) cumulative Recoveries allocable the respective Pass-Through Rates applicable to each Loan GroupClass of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to each Class of Class A Certificates and each class of Mezzanine Certificates for the immediately succeeding Distribution Date; (xxv) (A) the amount of any Basis Risk Shortfall, if any, payments received related to claims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the cumulative amount of payments received related accrued interest thereonto claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (xxvi) for each Loan Group, A) the dollar amount of Deferred Interest claims made under the PMI Policy that were denied during the Prepayment Period (and Net Deferred Interest, if any, for the number of Mortgage Loans to which such Loan Group; anddenials related) and (B) the dollar amount of the cumulative claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to which such denials related); (xxvii) payments made under the Yield Maintenance Agreements, if anyamount on deposit Net WAC Rate Carryover Reserve Account; and (xxviii) the amount of Net Deferred Interestapplicable Record Date, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates Accrual Period and Principal-Only Components. Determination Date for calculating distributions for such Distribution Date; The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at “w▇▇.▇▇▇▇▇▇▇.▇▇▇.” ”. Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. In addition, the Trustee will report on Form 10-D any material breaches of representations and warranties regarding the Mortgage Loans to the extent known to the Trustee and if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to the NIMS Insurer and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) For each Distribution Date, Inc. through and including the Distribution Date in December 2006, the Trustee shall calculate the Significance Percentage of the Interest Rate Swap Agreement. If on a monthly basisany such Distribution Date, the Significance Percentage is equal to or greater than 9%, the Trustee shall promptly notify the Depositor and the Depositor, on behalf of the Trustee, shall supply an electronic tape obtain the financial information required to Loan Performance be delivered by the Swap Provider pursuant to the terms of the Interest Rate Swap Agreement. If, on any succeeding Distribution Date through and Intex Solutions including the Distribution Date in a format acceptable December 2006, the Significance Percentage is equal to Loan Performance or greater than 10%, the Trustee shall promptly notify the Depositor and Intex Solutions the Depositor shall, within 5 Business Days of such Distribution Date, deliver to the Trustee the financial information provided to it by the Swap Provider for inclusion in the Form 10-D relating to such Distribution Date. If on a monthly basisany Distribution Date after December 2006, the Significance Percentage is greater than 10%, the Trustee shall include the Significance Percentage on the statement to Certificateholders for the related Distribution Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2006-1 Asset-Backed Certificates, Series 2006-1)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available to each Holder of the Trustee, each Certificateholder, the SellerRegular Certificates, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties; (ix) with respect to any Mortgage Loan that became an REO Property during the Distribution Datepreceding Prepayment Period, and, cumulatively, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each the Class of A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates and the Unpaid Interest Shortfall Amount Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid respective Pass-Through Rates applicable to an Undercollateralized Group or amounts paid pursuant the Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass- Through Rate applicable to Section 5.01(e)(i)the Class A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable (A) the amount of payments received related to each Loan Groupclaims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the cumulative amount of payments received related to claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (xxivA) the dollar amount of claims made under the PMI Policy that were denied during the Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the dollar amount of the cumulative Recoveries allocable claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to each Loan Group;which such denials related); and (xxv) the amount of any Basis Risk Shortfall, if any, and on deposit in the Dividend Account immediately prior to the related accrued interest thereon; (xxvi) for each Loan GroupMaster Servicer Remittance Date, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and deposited into the Dividend Account on the related Master Servicer Remittance Date (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) separately identifying the amount of Net Deferred Interest, if any, added received from Mortgagors and the amount advanced) and the amount withdrawn from the Dividend Account on the related Master Servicer Remittance Date (separately identifying the amount refunded to Mortgagors and the amount distributed to the Class Certificate Principal Balance or Component Principal Balance holder of the related Certificates and Principal-Only ComponentsDividend Account Certificate on such Distribution Date). The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "www.ctslink.com". Assistance in usin▇ ▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can an be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇301) ▇▇▇815-▇▇▇▇6600. Parties that are unable to use the above distribution option una▇▇▇ ▇▇ ▇▇▇ ▇▇▇site are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Financial Asset Sec Corp First Franklin Mort Ln Tr 2000 Ff1)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available to each Holder of the Trustee, each Certificateholder, the SellerRegular Certificates, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [reserved]; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each the Class of A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates and the Unpaid Interest Shortfall Amount Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid respective Pass-Through Rates applicable to an Undercollateralized Group or amounts paid pursuant the Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass- Through Rate applicable to Section 5.01(e)(i)the Class A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable (A) the amount of payments received related to each Loan Groupclaims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the cumulative amount of payments received related to claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (xxivA) the dollar amount of claims made under the PMI Policy that were denied during the Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the dollar amount of the cumulative Recoveries allocable claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to each Loan Group;which such denials related); and (xxv) the amount of any Basis Risk Shortfall, if any, and on deposit in the Dividend Account immediately prior to the related accrued interest thereon; (xxvi) for each Loan GroupMaster Servicer Remittance Date, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and deposited into the Dividend Account on the related Master Servicer Remittance Date (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) separately identifying the amount of Net Deferred Interest, if any, added received from Mortgagors and the amount advanced) and the amount withdrawn from the Dividend Account on the related Master Servicer Remittance Date (separately identifying the amount refunded to Mortgagors and the amount distributed to the Class Certificate Principal Balance or Component Principal Balance holder of the related Certificates and Principal-Only ComponentsDividend Account Certificate on such Distribution Date). The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option website are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on and shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing such statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Asset Backed Certificates Series 2001-Ff2)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by each Servicer, the Master Servicer Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicers and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances and/or Monthly Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate Stated Principal Balance of all Subsequent Mortgage Loans added during the Funding Period; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) [reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Realized Losses, if any, allocated to each Class Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Certificates or Principal-Only ComponentsSubsequent Recoveries received since the Closing Date; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Floating Rate Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each the Floating Rate Certificates and the Class of Certificates, C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Floating Rate Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the JPMorgan and NCHLS pursuant to Section 3.24 or by Countrywide Servicing pursuant to Section 2.04 of Exhibit B; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Floating Rate Certificates, if any, for such Distribution Date and the Unpaid Interest Shortfall Amount for amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid respective Pass-Through Rates applicable to an Undercollateralized Group or amounts paid pursuant the Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to Section 5.01(e)(i)the Floating Rate Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable payments, if any, made under the Cap Contract and the amount distributed to each Loan GroupClass of Certificates from payments made under the Cap Contract; (xxiv) cumulative Recoveries allocable to each Loan Groupthe amount of any Net Swap Payments or Swap Termination Payments; (xxv) the amount of any Basis Risk Shortfall, if any, on deposit in the Pre-Funding Accounts and the related accrued interest thereon;Interest Coverage Accounts; and (xxvi) for each Loan Groupthe distribution occurring on the Distribution Date immediately following the end of the Funding Period, the amount balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Group I Mortgage Loans and/or Subsequent Group II Mortgage Loans, as applicable, and that is being distributed to the related Class A Certificates as a mandatory distribution of Deferred Interest and Net Deferred Interestprincipal, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Credit Risk Manager and the other parties to this Agreement Rating Agencies via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇▇▇.h▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/▇▇▇▇”. Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee’s internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the related Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Soundview Home Loan Trust 2005-4, Asset-Backed Certificates, Series 2005-4)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available to each Holder of the Trustee, each CertificateholderRegular Certificates, the SellerNIMS Insurer, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates allocable to principalprincipal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for with respect to each Loan Group Group, the related group balance at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [reserved]; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Class A Certificates, each class of Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each class of Class of A Certificates, each class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each class of any Net Interest Shortfalls Class A Certificates and each class of Mezzanine Certificates, if any, for such Distribution Date and the Unpaid Interest Shortfall Amount for amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the respective Pass-Through Rates applicable to each Class of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to each Class of Class A Certificates and each class of Mezzanine Certificates for the immediately succeeding Distribution Date; (A) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid payments received related to an Undercollateralized Group or amounts paid pursuant claims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to Section 5.01(e)(iwhich such payments related) and (B) the cumulative amount of payments received related to claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (xxiiiA) current Recoveries allocable the dollar amount of claims made under the PMI Policy that were denied during the Prepayment Period (and the number of Mortgage Loans to each Loan Group; which such denials related) and (xxivB) the dollar amount of the cumulative Recoveries allocable claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to each Loan Groupwhich such denials related); (xxv) the amount of any Basis Risk Shortfall, if any, on deposit in the Pre-Funding Accounts and the related accrued interest thereon;Net WAC Rate Carryover Reserve Account; and (xxvi) for each Loan Groupthe distribution occurring on the Distribution Date immediately following the end of the Funding Period, the amount balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Group I Mortgage Loans and/or Subsequent Group II Mortgage Loans, as applicable, and that is being distributed to the related Class A Certificates as a mandatory distribution of Deferred Interest and Net Deferred Interestprincipal, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "www.ctslink.com". Assistance in usi▇▇ ▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇301) ▇▇▇815-▇▇▇▇6600. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe NIMS Insurer and the Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to the NIMS Insurer and each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Option One Mort Accep Corp Asset Backed Cert Ser 2003-6)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trust Administrator shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation Servicing Fees and Master Servicing Fees received by each the Servicer during and the Master Servicer with respect to the related Due Period and such other customary information as the Trustee Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [reserved] (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.27 or the Master Servicer pursuant to Section 4.19; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates and the Unpaid Interest Shortfall Amount Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Groupdistribution of principal on such Distribution Date; (xx) when the Pass-Through Rate for each Class of Certificates Stepdown Date or a Trigger Event has occurred and when the Servicer Termination Test or the Fitch Servicer Termination Test has been failed; (xxi) the Available Funds for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);each Class of Class A Certificates and each Class of Mezzanine Certificates for the immediately succeeding Distribution Date; and (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfallpayments, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsCap Contract. The Securities Trust Administrator will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Trust Administrator’s 's internet website. The Securities Trust Administrator’s 's internet website shall initially be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website can be obtained by calling the Securities Trust Administrator’s 's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Trust Administrator shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Trust Administrator shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trust Administrator's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. 105 The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Trust Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Trust Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Trust Administrator shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trust Administrator deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trust Administrator shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trust Administrator pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Financial Asset Sec Corp Fremont Home Loan Trust 2003 A)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer pursuant to Sections 3.19 and 4.04, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [Reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Period and Prepayment Period, the cumulative amount of Realized Losses and the aggregate amount of Realized Losses, if any, allocated to each Class Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Certificates or Principal-Only ComponentsSubsequent Recoveries received since the Closing Date; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicablethe Mezzanine Certificates, of each the Class of B Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates, the Mezzanine Certificates and the Unpaid Interest Shortfall Amount Class B Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Class A Certificates, each Class of Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);each Class of Class A Certificates and each Class of Mezzanine Certificates for the immediately succeeding Distribution Date; and (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfallpayments, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsCap Contract. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇.” /invr". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇800) ▇▇▇735-▇▇▇▇7777. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Finance America Mortgage Loan Trust 2004-2)

Statements. (a) On each Distribution Date, based on the Mortgage Loan information contained in the Master Servicer’s Certificate, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, prepare a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principalprincipal separately identifying the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest and the Class CE Distributable Amount, separately identified; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage Overcollateralization Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Deficiency as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during the related Due Collection Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsamount of Compensating Interest paid by the Servicer; (v) the aggregate amount of Monthly Advances for the related Due Period Collection Period, unreimbursed Monthly Advances and the amount of unreimbursed Servicing Advances and Advances that are Nonrecoverable Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group Pool Balance, at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the preceding calendar monthrelated Collection Period; (xiiiix) the book value aggregate number of any Mortgage Loans that became REO Property Properties during the related Collection Period and the aggregate Stated Principal Balance of such Mortgage Loans (calculated as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, date each such Mortgage Loan became an REO Property); (x) the total number and cumulative principal balance aggregate Stated Principal Balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due related Collection Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the Mortgage Loan identifying number of each Mortgage Loan with a Prepayment Charge that was the subject of a Principal Prepayment in full during the related Prepayment Period, the Prepayment Charge listed on each related Mortgage Note and the Prepayment Charge collected or the Servicer Prepayment Charge Payment Amount paid by the Servicer with respect to each such Mortgage Loan; (xiii) the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiv) the Class Certificate Principal Balance or Class Maximum Certificate Notional Amount, as applicable, Principal Balance of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates Certificates, after giving effect to any distributions the distributions, and allocations of Applied Realized Loss Amounts made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Applied Realized Loss Amounts; (xviixv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Certificates for such Distribution Date and any related Cap Carryover Amounts (assuming in the case of a Class of Exchangeable REMIC Certificates no exchanges have occurred and in the case of a Class of Exchangeable Certificates that all exchanges have occurred), and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixvi) the aggregate amount of any Net Prepayment Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xixxvii) the Cap Carryover Amounts distributed on such Distribution Date; (xviii) the Available Funds with respect to each Loan Group; (xx) Funds; the Pass-Through Rate rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxixix) the aggregate amount of Net Liquidation Proceeds for the related Collection Period; (xx) the aggregate Stated Principal Balance of Mortgage Loans purchased hereunder by the or substituted for by a Seller or American General Finance Corporation during the related Due Prepayment Period, ; (xxi) the number and indicating aggregate Stated Principal Balance of Mortgage Loans that were the relevant section subject of a Principal Prepayment in full during the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanPrepayment Period; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Subsequent Recoveries received during the related Prepayment Period; (xxiii) current Recoveries allocable with respect to each Mortgage Loans that were subject to a Servicer Modification during the related Collection Period: (a) the Mortgage Loan Groupidentifying number; (b) the date of modification; (c) the Stated Principal Balance prior to and after modification; (d) the Monthly Payment prior to and after modification; (e) the forborne amount (if any); (f) the Mortgage Interest Rate prior to and after modification; (g) the maturity date prior to and after modification; and (h) the number of days Delinquent prior to modification; (xxiv) cumulative Recoveries allocable to each Loan Group;whether any exchanges of Exchangeable or Exchangeable REMIC Certificates have taken place since the preceding Distribution Date and, if applicable, the Class designations, Certificate Principal Balances, Maximum Certificate Principal Balances and any interest and principal paid, including any shortfalls allocated, of any Classes of Exchangeable REMIC Certificates or Exchangeable Certificates that were received by the Certificateholder as a result of such exchange; and (xxv) if there has been a revision to the Delegated Authority Guidelines, a copy thereof. The Securities Administrator may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Master Servicer. In the case of information furnished pursuant to subclauses (i), (ii) and (xv) above, the amounts shall be expressed in a separate section of the report as a dollar amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the Class for each $1,000 original dollar amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance as of the related Certificates and PrincipalCut-Only Componentsoff Date. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders beneficial owners of Certificates that provide appropriate certification in the form furnished by the Securities Administrator (which may be submitted electronically via the Securities Administrator’s internet website) and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option website are 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 the monthly statements to Certificateholders are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator shall provide timely and adequate notification to all above parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Datechanges. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular CertificateCertificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xiv) and (xxixv) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape forward to Bloomberg Financial Markets, Inc. the Class R Certificateholder upon request a copy of the reports forwarded to the Certificateholders of Certificates other than the Class R Certificate in a format acceptable respect of such Distribution Date with such other information as the Securities Administrator deems necessary or appropriate. Such obligation of the Securities Administrator shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions the Class R Certificateholder by the Servicer pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (American General Finance Corp)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [reserved]; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each Class of any Net Interest Shortfalls Class A Certificates and each Class of Mezzanine Certificates, if any, for such Distribution Date and the Unpaid Interest Shortfall Amount for amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass- Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)each Class of Class A Certificates and each Class of Mezzanine Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable (A) the amount of payments received related to each Loan Groupclaims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the cumulative amount of payments received related to claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (xxivA) the dollar amount of claims made under the PMI Policy that were denied during the Prepayment Period (and the number of Mortgage Loans to which such denials related) and (B) the dollar amount of the cumulative Recoveries allocable claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to each Loan Groupwhich such denials related); (xxv) the amount on deposit in the Dividend Account immediately prior to the related Servicer Remittance Date, the amount deposited into the Dividend Account on the related Servicer Remittance Date (separately identifying the amount received from Mortgagors and the amount advanced) and the amount withdrawn from the Dividend Account on the related Servicer Remittance Date (separately identifying the amount refunded to Mortgagors and the amount distributed to the holder of any Basis Risk Shortfallthe Dividend Account Certificate on such Distribution Date); and (xxvi) payments, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsCap Contract. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Financial Asset Sec Corp First Frank Mort Ln Tr 2002-Ff2)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available to each Holder of the Trustee, each Certificateholder, the SellerRegular Certificates, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class S Certificates), separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 95 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties; (ix) with respect to any Mortgage Loan that became an REO Property during the Distribution Datepreceding Prepayment Period, andthe loan number of such Mortgage Loan, cumulatively, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances Class C Certificates and the Notional Amount of the Subordinate Certificates Class S Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each the Class of A Certificates, the Mezzanine Certificates, the Class C Certificates and the Class S Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates and the Unpaid Interest Shortfall Amount Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid respective Pass-Through Rates applicable to an Undercollateralized Group or amounts paid pursuant the Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass- Through Rate applicable to Section 5.01(e)(i)the Class A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable to each Loan Group;the amount on deposit in the Pre-Funding Account and the Reserve Fund; and (xxiv) cumulative Recoveries allocable for the distribution occurring on the Distribution Date immediately following the end of the related Funding Period, the balance on deposit in the Pre-Funding Account that has not been used to each Loan Group; (xxv) purchase Subsequent Mortgage Loans and that is being distributed to the amount Class A Certificates as a mandatory prepayment of any Basis Risk Shortfallprincipal, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet websitewebsite and its fax-on-demand service. The Securities Administrator’s Trustee's fax-on- demand service may be accessed by calling (▇▇▇) ▇▇▇-▇▇▇▇. The Trustee's internet website shall initially be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website or the fax-on-demand service can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option options are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Option One Mort Accept Corp Asset Backed Cert Ser 2000-2)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer Servicers, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicers and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]the aggregate Stated Principal Balance of the Mortgage Loans at the close of business at the end of the last Business Day of the calendar month preceding the related Distribution Date; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Groupnumber, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the numberprincipal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to delinquent 30-59 days Delinquentdays, (b) 60 to delinquent 60-89 days Delinquentdays, (c) delinquent 90 or more days Delinquentin each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in bankruptcyforce; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding Prepayment Period, in each case the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the close of business on the last day of the preceding calendar monthdate it became an REO Property; (xiiix) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses; (xiii) the Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates and the amount Class C Certificates, after giving effect to the distributions made on such Distribution Date, and the Notional Amount of Realized Lossesthe Class C Certificates, after giving effect to the distributions made on such Distribution Date; (xiv) the Monthly Interest Distributable Amount in respect of the Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, allocated with respect to each the Class A Certificates and the Mezzanine Certificates for such Distribution Date; (xv) the aggregate amount of Certificates or Principal-Only Componentsany Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicers pursuant to Section 3.23, and the aggregate amount of any Relief Act Interest Shortfalls for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Credit Enhancement Percentage for such Distribution Date; (xvii) the Interest Distributable Net WAC Rate Carryover Amount in respect of each for the Class of A Certificates and the Mezzanine Certificates, if any, for such Distribution Date and the respective portions thereof, if any, amount remaining unpaid following the distributions made in respect of such Certificates after reimbursements therefor on such Distribution Date; (xviii) when the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution DateStepdown Date or a Trigger Event has occurred; (xix) the Available Funds with respect to each Loan Group;Funds; and (xx) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added applicable to the Class Certificate Principal Balance or Component Principal Balance of the related A Certificates and Principal-Only Componentsthe Mezzanine Certificates for the immediately succeeding Distribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Servicers and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "http:\\www-apps.gis.deutsche- b▇▇▇.▇▇▇/▇▇▇▇.▇▇▇.” . Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇1-▇▇▇▇800- 735-7777. Parties that are unable to use the above distribution option options are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to the Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, the Trustee shall deliver to each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. On each Distribution Date the Trustee shall provide Bloomberg Financial Markets, Inc. in L.P. ("Bloomberg") CUSIP level factors for each Class of Certificates as of such Distribution Date, using a format and media mutually acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, the Trustee and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basisBloomberg.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Finan as Sec Cp SDVW Hm Eq Ln Tr 2001-2 as Bk Cer Ser 2001-2)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principal;Prepayment Charges and Servicer Prepayment Charge Payment Amounts; 121 (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate Stated Principal Balance of all Subsequent Mortgage Loans added during the Funding Period; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) [reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Realized Losses, if any, allocated to each Class Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Certificates or Principal-Only ComponentsSubsequent Recoveries received since the Closing Date; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Floating Rate Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Certificates, Floating Rate Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to each Class of Floating Rate Certificates and the distributions made in respect Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each Class of any Net Interest Shortfalls Floating Rate Certificates, if any, for such Distribution Date and the Unpaid Interest Shortfall Amount for amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)each Class of Floating Rate Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable to each Loan Grouppayments, if any, made under the Cap Contract; (xxiv) cumulative Recoveries allocable to each Loan Group;the amount on deposit in the Pre-Funding Accounts; and (xxv) for the amount distribution occurring on the Distribution Date immediately following the end of any Basis Risk Shortfallthe Funding Period, the balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Group I Mortgage Loans and/or Subsequent Group II Mortgage Loans, as applicable, and that is being distributed to the related Class A Certificates as a mandatory distribution of principal, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. 123 The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at “▇▇▇."▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.force. 124

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Fremont Home Loan Trust 2004-4)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained from contained in the Master Servicer Remittance Report, the Trustee shall (i) prepare and forward by mail to each Holder of the Servicers Regular Certificates and (ii) make available on its website at ▇▇▇.▇▇▇▇▇▇.▇▇▇/▇▇▇ for access by each Holder of the “Distribution Date Statement”) Regular Certificates, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principalprincipal or reduction of Notional Amount, separately identified; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class X Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns[reserved]; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesCollection Period; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance Principal Balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Prepayment Charges collected (including amounts deposited in connection with the full or partial waiver of such Prepayment Charges pursuant to Section 3.01) during the related Collection Period and the amounts thereof allocable to the Class N Certificates and the Class X Certificates; (xiii) the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiv) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates Certificates, after giving effect to any distributions the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Offered Certificates and the Class B-4 Certificates for such Distribution Date Date, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date and the amount of any LIBOR Carryover Amounts; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvii) the amount of the Trustee Fee paid; (xviii) the aggregate amount of any Net Interest Shortfalls LIBOR Carryover Amounts distributed on such Distribution Date and the Unpaid Interest Shortfall Amount for amounts remaining after giving effect to distributions thereof on such Distribution Date; (xix) any Overcollateralization Deficiency after giving effect to the Available Funds with respect to each Loan Groupdistribution of principal on such Distribution Date; (xx) whether a Trigger Event has occurred and is continuing, and the Pass-Through Rate cumulative Realized Losses, as a percentage of the original Pool Balance; (xxi) the Available Funds; (xxii) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxixxiii) the Liquidation Report for such Distribution Date; (xxiv) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Servicer or Seller during the related Due Period, Collection Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group;; and (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component aggregate Principal Balance of the Mortgage Loans repurchased by the Servicer (or an affiliate) during the related Certificates and Principal-Only ComponentsCollection Period in connection with Section 3.16. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Trustee may fully rely upon and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 no liability with respect to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible information with respect to the parties, and Mortgage Loans provided by the Securities Administrator shall provide timely and adequate notification to all parties regarding any such changeServicer. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xv) and (xxixx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Markets, Inc. the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in a format acceptable respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Residual Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Series 2004-Cb3)

Statements. (a) On each Distribution Date, based on the Securities Administrator shall make available to Mortgage Loan information contained in the Trustee, each CertificateholderRemittance Report, the Seller, the Master Servicer Trustee shall prepare and the Rating Agencypost on its website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the "Distribution Date Statement") as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identified and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges, Originator Prepayment Charge Payment Amounts and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class CE Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCollection Period; (v) the aggregate amount of Advances for the related Due Period Collection Period, cumulative unreimbursed Advances and the amount of unreimbursed Servicing Advances and cumulative Nonrecoverable Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group Pool Balance, at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and Losses; (xiii) the amount Certificate Principal Balance of Realized Losses, if any, allocated to each Class of Certificates Certificates, after giving effect to the distributions, and allocations of Realized Losses or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional AmountApplied Realized Loss Amounts, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixiv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Certificates for such Distribution Date and any related Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixv) the aggregate amount of any Net Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvi) the amount of the Trustee Fee paid; (xvii) the Cap Carryover Amounts distributed on such Distribution Date, the amounts remaining after giving effect to distributions thereof on such Distribution Date and the Unpaid Interest Shortfall Amount for amount of all Cap Carryover Amounts covered by withdrawals from the Reserve Account on such Distribution Date; (xviii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xix) whether a Trigger Event has occurred and is continuing, and the Available Funds with respect to each Loan Groupcumulative Realized Losses, as a percentage of the original Pool Balance; (xx) the Pass-Through Rate Available Funds; (xxi) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxixxii) the information contained in the Liquidation Report for such Distribution Date; (xxiii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Servicer, the Originator or the Seller during the related Due Period, Prepayment Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxiixxiv) the amount aggregate Principal Balance of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to the Mortgage Loans repurchased by the Servicer during the related Prepayment Period in connection with Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group3.16; (xxv) the amount of any Basis the Credit Risk Shortfall, if any, and the related accrued interest thereon;Manager Fee paid; and (xxvi) for the Mortgage Loan identifying number of each Mortgage Loan Groupwith a Prepayment Charge that was the subject of a Principal Prepayment in full during the related Collection Period, the amount of Deferred Interest Prepayment Charge listed on each related Mortgage Note and Net Deferred Interestthe Prepayment Charge collected, if any, for the Servicer Prepayment Charge Payment Amount paid by the Servicer or the Originator Prepayment Charge Payment Amount paid by the Originator with respect to each such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added Mortgage Loan. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Class Certificate Principal Balance or Component Principal Balance of Mortgage Loans provided by the related Certificates and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 changeServicer. In the case of information furnished pursuant to subclauses (i), (ii) and (iixiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Abfc Asset-Backed Certificates Series 2003-Wmc1)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available to each Holder of the Trustee, each CertificateholderRegular Certificates, the SellerNIMS Insurer, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates allocable to principalprincipal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]the aggregate amount of interest and scheduled principal received or advanced by the Master Servicer with respect to the related Due Period; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for with respect to each Loan Group Group, the related group balance at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiix) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group Liquidated Mortgage Loans as of the Close of Business of the last day of the preceding Due Prepayment Period, prior to the reduction of each principal balance to zero; (xi) the total number and cumulative principal balance of all REO Properties as of the Close of Business of the last day of the preceding Prepayment Period; (xivxii) the aggregate amount of Principal Prepayments with respect to each Loan Group in full, the aggregate amount of Principal Prepayments in part and Net Liquidation Proceeds made during the related Prepayment Period; (xvxiii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and Losses; (xiv) the aggregate amount of Realized Losses, if any, allocated to extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xv) the Certificate Principal Balance of each Class of Class A Certificates, each class of Mezzanine Certificates or Principal-Only Componentsand the Class C Certificates, after giving effect to the distributions made on such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, Monthly Interest Distributable Amount in respect of each class of Class A Certificates, each class of Mezzanine Certificates and the Apportioned Principal Balances of Class C Certificates for such Distribution Date and the Subordinate Unpaid Interest Shortfall Amount, if any, with respect to the Class A Certificates, the Mezzanine Certificates after giving effect to any distributions made thereon, on and the Class C Certificates for such Distribution Date; (xvii) the aggregate amount of any Prepayment Interest Distributable Amount in respect of each Class of Certificates, Shortfalls for such Distribution Date and Date, to the respective portions thereof, if any, remaining unpaid following extent not covered by payments by the distributions made in respect of such Certificates on such Distribution DateMaster Servicer pursuant to Section 3.26; (xviii) the aggregate amount of any Net Interest Shortfalls Senior Credit Enhancement Percentage and the Unpaid Interest Shortfall Amount Class A-6 Credit Enhancement Percentage for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Net WAC Rate Carryover Amount for each class of Class A Certificates and each class of Certificates Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xx) amounts due, and the amounts received under each Cap Contract; (xxi) when the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due PeriodStepdown Date, and indicating the relevant section of the related Servicing Agreement, a Trigger Event or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loana Sequential Trigger Event is in effect; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Available Funds; (xxiii) current Recoveries allocable the respective Pass-Through Rates applicable to each Loan GroupClass of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to each Class of Class A Certificates and each class of Mezzanine Certificates for the immediately succeeding Distribution Date; (xxiv) (A) the amount of payments received related to claims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related) and (B) the cumulative Recoveries allocable amount of payments received related to each Loan Groupclaims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (xxv) (A) the dollar amount of any Basis Risk Shortfall, if any, claims made under the PMI Policy that were denied during the Prepayment Period (and the related accrued interest thereonnumber of Mortgage Loans to which such denials related) and (B) the dollar amount of the cumulative claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to which such denials related); (xxvi) for each Loan Group, the amount of Deferred Interest on deposit in the Pre-Funding Accounts and the Net Deferred Interest, if any, for such Loan GroupWAC Rate Carryover Reserve Account; and (xxvii) payments made under for the Yield Maintenance Agreementsdistribution occurring on the Distribution Date immediately following the end of the Funding Period, if any; and (xxviii) the amount balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Group I Mortgage Loans and/or Subsequent Group II Mortgage Loans, as applicable, and that is being distributed to the related Class A Certificates as a mandatory distribution of Net Deferred Interestprincipal, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Componentson such Distribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ”. Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to the NIMS Insurer and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2005-2)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trust Administrator shall prepare and make available to each Holder of the 108 Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during and the Master Servicer with respect to the related Due Period and such other customary information as the Trustee Trust Administrator deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) [reserved] (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period;; 109 (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Realized Losses, if any, allocated to each Class Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Certificates or Principal-Only ComponentsSubsequent Recoveries received since the Closing Date; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xiv) the Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Class A Certificates, each Class of Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to each Class of Class A Certificates, each Class of Mezzanine Certificates and the distributions made in respect Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.27 or the Master Servicer pursuant to Section 4.19; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each Class of any Net Interest Shortfalls Class A Certificates and each Class of Mezzanine Certificates, if any, for such Distribution Date and the Unpaid Interest Shortfall Amount for amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Groupdistribution of principal on such Distribution Date; (xx) when the Pass-Through Rate for each Class of Certificates Stepdown Date or a Trigger Event has occurred; (xxi) the Available Funds for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);each Class of Class A Certificates and each Class of Mezzanine Certificates for the immediately succeeding Distribution Date; and (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfallpayments, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsCap Contract. The Securities Trust Administrator will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Trust Administrator’s 's internet website. The Securities Trust Administrator’s 's internet website shall initially be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website can be obtained by calling the Securities Trust Administrator’s 's customer service desk at (▇▇▇301) ▇▇▇-▇▇▇▇815- 6600. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Trust Administrator shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Trust Administrator shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trust Administrator's internet website, the Trust Administrator may require registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Trust Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Trust Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Trust Administrator shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trust Administrator deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trust Administrator shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which 111 such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trust Administrator pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Fremont Home Loan Trust 2004-B)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the NIMS Insurer, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Net Monthly Excess Cashflow, the Overcollateralized Amount, the Overcollateralization Release Amount, the Overcollateralization Deficiency Amount and the Overcollateralization Target Amount and the Senior Percentage, Senior Prepayment Percentage, Subordinate Credit Enhancement Percentage as of such Distribution Date and Subordinate Prepayment Percentage with respect to each Loan Group the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount fees and expenses of servicing compensation received by each Servicer during the related Due Period Trust Fund accrued and paid on such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (v) the aggregate amount of Advances for the related Due Period and (including the amount general purpose of unreimbursed such Advances); (vi) [reserved]; (vii) the Loan Group aggregate Principal Balance of the Mortgage Loans and related Net WAC and Net WAC Cap for each Loan Group at the Close any REO Properties as of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) using the aggregate and for each Loan Group, OTS Method (aas described below) (1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties, as well as the Distribution Date, and, cumulatively, aggregate principal balance of Mortgage Loans that were liquidated and the net proceeds resulting therefrom; (ix) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the calendar month preceding Due Periodthe related Distribution Date; (xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period, separately indicating Principal Prepayments in full and Principal Prepayments in part; (xvxi) the Delinquency Percentage and the Realized Loss Percentage; (xii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date; (xiv) the Certificate Principal Balance of each Class of Class A Certificates, Mezzanine Certificates and the Class C Certificates, before and after giving effect to the distributions, and allocations of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to each Class of Class A Certificates, Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24; (xvii) the Net WAC Rate Carryover Amount for each Class of Class A and Mezzanine Certificates, if any, for such Distribution Date and the respective portions thereof, if any, amount remaining unpaid following the distributions made in respect of such Certificates after reimbursements therefor on such Distribution Date; (xviii) whether the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution DateStepdown Date or a Trigger Event has occurred; (xix) the Available Funds with respect to each Loan Grouptotal cashflows received and the general sources thereof (including amounts received from the Supplemental Interest Trust Trustee under the Interest Rate Swap Agreement, from the Cap Trustee under the Interest Rate Cap Agreement and from the Trustee under the Basis Risk Cap Agreement); (xx) the respective Pass-Through Rates applicable to each Class of Class A Certificates, Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate for applicable to each Class of Class A and Mezzanine Certificates for such the immediately succeeding Distribution Date; (xxi) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder by any Net Swap Payments or Swap Termination Payments paid to the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;Swap Provider; and (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfallapplicable Record Dates, if any, Accrual Periods and the related accrued interest thereon; (xxvi) Determination Dates for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, calculating distributions for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer, the Credit Risk Manager and the other parties to this Agreement Rating Agencies via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇▇▇.▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr”. Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee’s internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within . For all purposes of this Agreement, with respect to any Mortgage Loan, delinquencies shall be determined and reported based on the “OTS” methodology for determining delinquencies on mortgage loans similar to the Mortgage Loans. By way of example, a reasonable period Mortgage Loan would be Delinquent with respect to a Monthly Payment due on a Due Date if such Monthly Payment is not made by the close of time after business on the end Mortgage Loan’s next succeeding Due Date, and a Mortgage Loan would be more than 30-days Delinquent with respect to such Monthly Payment if such Monthly Payment were not made by the close of each calendar year, business on the Securities Administrator shall, upon written request, furnish Mortgage Loan’s second succeeding Due Date. The Servicer hereby represents and warrants to each Person who at the Depositor that this delinquency recognition policy is not less restrictive than any time during delinquency recognition policy established by the calendar year was a Certificateholder of a Regular Certificateprimary safety and soundness regulator, if requested in writing by such Personany, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to timeServicer. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ff8)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer, the Certificate Insurer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date:Date (the “Monthly Statement”): (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates allocable to principalprincipal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) Net Monthly Excess Cashflow, the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) any fees and expenses of the aggregate amount of servicing compensation received by each Servicer during the related Due Period Trust accrued and paid on such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, Distribution Date and to enable Certificateholders to prepare their tax returnswhom such fees and expenses were paid; (v) the aggregate amount of Advances for the related Due Period and (including the amount general purpose of unreimbursed such Advances); (vi) [reserved]the aggregate amount of interest and scheduled principal received or advanced by the Servicer with respect to the related Due Period; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for with respect to each Loan Group Group, the related group balance at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiix) the number and aggregate unpaid principal balance of Mortgage Loans, Loans (except those Mortgage Loans that are liquidated as of the end of the related Prepayment Period) that were (as determined using the OTS method) (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties; (x) the Distribution Date, and, cumulatively, Delinquency Percentage; (xi) the total number and cumulative principal balance of all REO Properties in each Loan Group Liquidated Mortgage Loans as of the Close of Business of the last day of the preceding Due Prepayment Period, prior to the reduction of each principal balance to zero; (xii) the total number and cumulative principal balance of all REO Properties as of the Close of Business of the last day of the preceding Prepayment Period; (xivxiii) the aggregate amount of Principal Prepayments with respect to each Loan Group in full, the aggregate amount of Principal Prepayments in part and Net Liquidation Proceeds made during the related Prepayment Period; (xvxiv) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and Losses; (xv) the aggregate amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsextraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates Class A Certificates, each Class of Mezzanine Certificates, and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, before and after giving effect to any the distributions made thereon, on such Distribution Date; (xvii) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect of such Class A Certificates, the Mezzanine Certificates on and the Class C Certificates for such Distribution Date; (xviii) the aggregate amount of any Net Prepayment Interest Shortfalls and for such Distribution Date, to the Unpaid Interest Shortfall Amount extent not covered by payments by the Servicer pursuant to Section 3.26; (xix) the Senior Credit Enhancement Percentage for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Net WAC Rate Carryover Amount for each Class of Class A Certificates and each Class of Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan[reserved]; (xxii) whether the amount of any Principal Deficiency Amounts Stepdown Date or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)a Trigger Event is in effect; (xxiii) current Recoveries allocable to each Loan Groupthe total cashflows received; (xxiv) cumulative Recoveries allocable the respective Pass-Through Rates applicable to each Loan GroupClass of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to each Class of Class A Certificates and each Class of Mezzanine Certificates for the immediately succeeding Distribution Date; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon[reserved]; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and[reserved]; (xxvii) payments made under the Yield Maintenance Agreements, if any; andamount on deposit Net WAC Rate Carryover Reserve Account; (xxviii) the applicable Record Date, Accrual Period and Determination Date for calculating distributions for such Distribution Date; (xxix) the amount of Net Deferred Interest, if any, added to any payments/draws under the Class Certificate Principal Balance or Component Principal Balance Policy; and (xxx) the amount of the related Certificates any Reimbursement Amounts paid and Principal-Only Componentsany outstanding Reimbursement Amounts. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Certificate Insurer, the NIMS Insurer and the other parties to this Agreement Rating Agencies via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “w▇▇.▇▇▇▇▇▇▇.▇▇▇.” ”. Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access the Trustee’s internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. In addition, the Trustee will report on Form 10-D any material breaches of representations and warranties regarding the Mortgage Loans to the extent known to the Trustee and if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments during the preceding calendar month or that have become material over time. For all purposes of this Agreement, with respect to any Mortgage Loan, delinquencies shall be determined by the Trustee from information provided by the Servicer and reported by the Trustee based on the OTS methodology. By way of example, a Mortgage Loan would be Delinquent with respect to a Monthly Payment due on a Due Date if such Monthly Payment is not made by the Close of Business on the Mortgage Loan's next succeeding Due Date, and a Mortgage Loan would be more than 30-days Delinquent with respect to such Monthly Payment if such Monthly Payment were not made by the Close of Business on the Mortgage Loan’s second succeeding Due Date. The Servicer hereby represents and warrants to the Depositor that it is not subject to any delinquency recognition policy established by its safety and soundness regulators. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the Certificate Insurer, the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Certificate Insurer, Inc. the NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a format acceptable reasonable period of time after the end of each calendar year, the Trustee shall deliver to Bloomberg Financial Marketsthe Certificate Insurer, Inc. on the NIMS Insurer and each Person who at any time during the calendar year was a monthly basisResidual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce. (e) [Reserved].

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-Fxd2)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer Servicers pursuant to Sections 3.19 and 4.04, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicers, the Credit Risk Manager and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution DateDate which shall include the following information: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount (if any) and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount (if any) for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [Reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses since the Closing Date and the aggregate amount of Realized LossesSubsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance of the Certificates (other than the Residual Certificates), after giving effect to the distributions made on such Distribution Date; (xv) the Monthly Interest Distributable Amount in respect of each Class of Fixed Rate Certificates and Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, allocated with respect to each the Fixed Rate Certificates, the Floating Rate Certificates and the Class of C Certificates or Principal-Only Componentsfor such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, aggregate amount of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Net Prepayment Interest Shortfalls for such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, Credit Enhancement Percentage for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each Class of any Net Interest Shortfalls Fixed Rate Certificates and Floating Rate Certificates, if any, for such Distribution Date and the Unpaid Interest Shortfall Amount for amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Fixed Rate Certificates and Floating Rate Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);each Class of Fixed Rate Certificates and Floating Rate Certificates for the immediately succeeding Distribution Date; and (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfallpayments, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made received under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsCap Contract. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Credit Risk Manager and the other parties to this Agreement Rating Agencies via the Securities Administrator’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “h▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇/▇▇▇.” Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (8▇▇▇) -▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option website are entitled to have a paper copy mailed to them via first class mail by calling written notice to the customer service desk and indicating suchTrustee at its Corporate Trust Office. The Securities Administrator shall have Trustee’s responsibility for disbursing the right to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible above information to the partiesCertificateholders is limited to the availability, timeliness and accuracy of the Securities Administrator information derived from the Servicers. The foregoing information shall provide timely and adequate notification be reported to all parties regarding any such changethe Trustee each month on or before the Servicer Remittance Date. In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Soundview Home Loan Trust 2005-Ctx1)

Statements. (a) On each Distribution Date, based on the Mortgage Loan information contained in the Remittance Report, the Securities Administrator shall prepare and make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agencyon its website at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the "Distribution Date Statement") as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identified and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates from Prepayment Penalties, Originator Prepayment Penalty Payment Amounts and Servicer Prepayment Penalty Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class CE Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCollection Period; (v) the aggregate amount of Advances for the related Due Period Collection Period, cumulative unreimbursed Advances and the amount of unreimbursed Servicing Advances and cumulative Nonrecoverable Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group Pool Balance, at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance balances of the Mortgage Loans (A) delinquent (exclusive of Mortgage LoansLoans in foreclosure or bankruptcy), grouping such delinquent Mortgage Loans in 30 day increments, up to [_] days delinquent (determined in accordance with the aggregate and for each Loan GroupMortgage Bankers' Association delinquency methodology), (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (eB) in bankruptcyforeclosure, in each case as of the close of business on the last day of the calendar month preceding the Distribution Date and (C) in bankruptcy as of the close of business on the last day of the calendar month preceding the Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance of the REO Property as of the close of business on the last Business Day of such calendar month and the principal balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and Losses; (xiii) the amount Principal Balance of Realized Losses, if any, allocated to each Class of Certificates Certificates, after giving effect to the distributions, and allocations of Realized Losses or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional AmountApplied Realized Loss Amounts, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixiv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Certificates for such Distribution Date and any related Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixv) the aggregate amount of any Net Prepayment Interest Shortfalls and of any Compensating Interest for such Distribution Date, to the Unpaid extent not covered by payments by the Servicer pursuant to Section 3.23; (xvi) the Interest Percentage for each Class of Certificates, the amount of any Current Interest Shortfall Amount and the amount of the distribution made to each Class of Certificates pursuant to Section 4.02(f) for such Distribution Date; (xvii) the Cap Carryover Amounts distributed on such Distribution Date, the amounts remaining after giving effect to distributions thereof on such Distribution Date and the amount of all Cap Carryover Amounts covered by withdrawals from the Reserve Account on such Distribution Date; (xviii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xix) whether a Trigger Event has occurred and is continuing, and the Available Funds with respect to each Loan Groupcumulative Realized Losses, as a percentage of the original Pool Balance; (xx) the Available Funds; (xxi) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxixxii) the information contained in the Liquidation Report for such Distribution Date; (xxiii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller Servicer or the Depositor during the related Due Period, Prepayment Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxiixxiv) the amount aggregate Principal Balance of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to the Mortgage Loans repurchased by the Depositor during the related Prepayment Period in connection with Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group3.16; (xxv) the amount of any Basis the Credit Risk Shortfall, if any, and the related accrued interest thereonManager Fee paid; (xxvi) for the Mortgage Loan identifying number of each Mortgage Loan Groupwith a Prepayment Penalty that was the subject of a Principal Prepayment in full during the related Collection Period, the amount of Deferred Interest Prepayment Penalty listed on each related Mortgage Note and Net Deferred Interestthe Prepayment Penalty collected, if any, for and the Servicer Prepayment Penalty Payment Amount and the Originator Prepayment Penalty Payment Amount paid with respect to each such Loan Group; andMortgage Loan; (xxvii) payments made under the amount of any Yield Maintenance Agreements, if any; andAgreement Payments for such Distribution Date; (xxviii) the amount of Net Deferred InterestSubsequent Recoveries received during the related Prepayment Period; (xxix) any expenses or indemnification amounts paid by the Trust Fund, if anythe specific purpose of each payment and the parties to whom these payments are made; (xxx) the applicable Determination Date, added the Record Date and Interest Accrual Period for calculating the distribution and the actual Distribution Date for the distribution; (xxxi) any material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments since the previous Distribution Date; (xxxii) any material breaches of representations and warranties relating to the Class Certificate Principal Balance Mortgage Loans or Component Principal Balance material breaches of the related Certificates transaction covenants or representations and Principal-Only Componentswarranties; and (xxxiii) any other customary information as is required to enable Certificateholders to prepare their tax returns. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the Securities Administrator's website can be obtained by calling the Securities Administrator’s 's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties The Securities Administrator shall provide such information to parties that are unable to use the above distribution option are entitled to have a paper copy mailed by mailing to them via first class mail a paper copy of the Distribution Date Statement, upon request of any such party made 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. The Securities Administrator may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i), (ii) and (iixiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Closing Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xiv) and (xxixvii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape forward to Bloomberg Financial Markets, Inc. the Residual Certificateholders a copy of the reports forwarded to the holder of any Regular Certificate in a format acceptable respect of such Distribution Date with such other information as the Securities Administrator deems necessary or appropriate. Such obligation of the Securities Administrator shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Residual Certificateholders by the Securities Administrator pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Wells Fargo Asset Securities Corp)

Statements. (a) On each Distribution Date, based on the Securities Administrator shall make available to Mortgage Loan information contained in the Trustee, each CertificateholderRemittance Report, the Seller, the Master Servicer Trustee shall prepare and the Rating Agencypost on its website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the "Distribution Date Statement") as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identified and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges, Originator Prepayment Charge Payment Amounts and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class CE Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCollection Period; (v) the aggregate amount of Advances for the related Due Period Collection Period, cumulative unreimbursed Advances and the amount of unreimbursed Servicing Advances and cumulative Nonrecoverable Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group Pool Balance, at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid Principal Balance of the REO Property as of the close of business on the last Business Day of such calendar month and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and Losses; (xiii) the amount Certificate Principal Balance of Realized Losses, if any, allocated to each Class of Certificates Certificates, after giving effect to the distributions, and allocations of Realized Losses or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Applied Realized Loss Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amount; (xviixiv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Certificates for such Distribution Date and any related Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixv) the aggregate amount of any Net Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvi) the amount of the Trustee Fee paid; (xvii) the Cap Carryover Amounts distributed on such Distribution Date, the amounts remaining after giving effect to distributions thereof on such Distribution Date and the Unpaid Interest Shortfall Amount for amount of all Cap Carryover Amounts covered by withdrawals from the Class A-1 Reserve Account, the Class A-2A, Class A-2B and Class A-2C Reserve Account and the Class M and Class B Reserve Account on such Distribution Date; (xviii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xix) whether a Trigger Event has occurred and is continuing, and the Available Funds with respect to each Loan Groupcumulative Realized Losses, as a percentage of the original Pool Balance; (xx) the Pass-Through Rate Available Funds; (xxi) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxixxii) the information contained in the Liquidation Report for such Distribution Date; (xxiii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Servicer, the Originator or the Seller during the related Due Period, Prepayment Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxiixxiv) the amount aggregate Principal Balance of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to the Mortgage Loans repurchased by the Servicer during the related Prepayment Period in connection with Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group3.16; (xxv) the amount of any Basis the Credit Risk Shortfall, if any, and the related accrued interest thereonManager Fee paid; (xxvi) for the Mortgage Loan identifying number of each Mortgage Loan Groupwith a Prepayment Charge that was the subject of a Principal Prepayment in full during the related Collection Period, the amount of Deferred Interest Prepayment Charge listed on each related Mortgage Note and Net Deferred Interestthe Prepayment Charge collected, if any, for the Servicer Prepayment Charge Payment Amount paid by the Servicer or the Originator Prepayment Charge Payment Amount paid by the Originator with respect to each such Loan Group; andMortgage Loan; (xxvii) payments made under the Yield Maintenance Agreements, if anyamount of Subsequent Recoveries received during the related Prepayment Period; and (xxviii) the amount of Net Deferred Interest, if any, added Prepayment Interest Excess retained by the Servicer for the related Prepayment Period. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Class Certificate Principal Balance or Component Principal Balance of Mortgage Loans provided by the related Certificates and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 changeServicer. In the case of information furnished pursuant to subclauses (i), (ii) and (iixiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Trustee shall furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the -109- information set forth in subclauses (i) through ), (iiiii), (xiv) and (xxixviii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Markets, Inc. the Class R Certificateholder a copy of the reports made available to the Regular Certificateholders in a format acceptable respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Class R Certificateholder by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ff5)

Statements. (a) On each Distribution Date, the Securities Administrator Trustee shall make available to the Trustee, each Certificateholder, the Certificate Insurer, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during the related Due Period, the Custodial Fee paid to the Custodian during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reserved]the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) the amount on deposit in the Prefunding Account in the aggregate and for each Loan Group, Group (including a breakdown of amounts released during the aggregate Principal Balance prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in Available Funds on the One-Month LIBOR Indexed Mortgage Loans at Distribution Date in the Close of Business at month following the end of the related Due Prefunding Period); (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period[reserved]; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional AmountBalance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and; (xxvii) payments made under the Yield Maintenance Agreements, if any; and; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components; (xxix) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxx) the Deficiency Amount, if any, to be paid by the Certificate Insurer; and (xxxi) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group. The Securities Administrator Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee 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 Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the Certificate Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 1 contract

Sources: Pooling Agreement (Greenwich Capital Acceptance Inc)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available to each Holder of the Trustee, each CertificateholderRegular Certificates, the SellerNIMS Insurer, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates allocable to principalprincipal and the amount of the distribution made to the Holders of the Class P Certificates allocable to Prepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for with respect to each Loan Group Group, the related group balance at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [reserved]; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Class A Certificates, each class of Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each class of Class of A Certificates, each class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each class of any Net Interest Shortfalls Class A Certificates and each class of Mezzanine Certificates, if any, for such Distribution Date and the Unpaid Interest Shortfall Amount for amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the respective Pass-Through Rates applicable to each Class of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to each Class of Class A Certificates and each class of Mezzanine Certificates for the immediately succeeding Distribution Date; (A) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid payments received related to an Undercollateralized Group or amounts paid pursuant claims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to Section 5.01(e)(iwhich such payments related) and (B) the cumulative amount of payments received related to claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (xxiiiA) current Recoveries allocable the dollar amount of claims made under the PMI Policy that were denied during the Prepayment Period (and the number of Mortgage Loans to each Loan Group; which such denials related) and (xxivB) the dollar amount of the cumulative Recoveries allocable claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to each Loan Groupwhich such denials related); (xxv) the amount of any Basis Risk Shortfallon deposit in the Pre-Funding Accounts, if any, the Interest Coverage Accounts and the related accrued interest thereon;Net WAC Rate Carryover Reserve Account; and (xxvi) for each Loan Groupthe distribution occurring on the Distribution Date immediately following the end of the Funding Period, the amount balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Group I Mortgage Loans and/or Subsequent Group II Mortgage Loans, as applicable, and that is being distributed to the related Class A Certificates as a mandatory distribution of Deferred Interest and Net Deferred Interestprincipal, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇301) ▇▇▇815-▇▇▇▇6600. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Marketsthe NIMS Insurer and the Class R Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to the NIMS Insurer and each Person who at any time during the calendar year was a Class R Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Class R Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Option One Mortgage Accep Corp Asset Back Certs Ser 2003 5)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer, the Certificate Insurer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class S Certificates), separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [reserved]; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, aggregate amount of each Class of Certificates and extraordinary Trust Fund expenses withdrawn from the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Collection Account for such Distribution Date; (xviixiv) the Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates and the Class C Certificates and the Notional Amount of the Class S Certificates, after giving effect to the distributions made on such Distribution Date, separately identifying any reduction thereof due to the receipt of an Insured Principal Payment (in the case of the Class A Certificates); (xv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, the Class S Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Class S Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the aggregate amount distribution of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for principal on such Distribution Date; (xix) when the Available Funds with respect to each Loan GroupStepdown Date or a Trigger Event has occurred; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution DateAvailable Funds; (xxi) the aggregate Principal Balance respective Pass-Through Rates applicable to each Class of Mortgage Loans purchased hereunder by Class A Certificates, each Class of Mezzanine Certificates and the Seller during Class C Certificates for such Distribution Date and the related Due Period, Pass- Through Rate applicable to each Class of Class A Certificates and indicating each Class of Mezzanine Certificates for the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loanimmediately succeeding Distribution Date; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, Insured Amount for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, separately identifying any Insured Interest Payment and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.any Insured Principal Payment; and

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Financial Assets Sec Corp First Franklin Mort Ln Tr 2002 Ffa)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator Master Servicer, the Trustee shall prepare and make available to each Holder of the Trustee, each CertificateholderRegular Certificates, the SellerGuarantor, the NIMS Insurer, the Master Servicer and the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class S Certificates), separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Master Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified and the calculation thereof; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount, the Overcollateralization Target Amount as of such Distribution Date and Subordinate Prepayment Percentage with respect to each Loan Group the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of for the related Due Period; (viiivi) for the Principal Balance of the Mortgage Loans in each Loan Group (after giving effect to the principal portion of Monthly Payments due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period); (vii) as of the related Determination Date and with respect to each Loan Group, (A) the number of Mortgage Loans, (B) the aggregate Principal Balance principal balance of the One-Year MTA Indexed Mortgage Loans at Loans, (C) the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity of the Mortgage Loans and (D) the weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related first day of the most recently ended Due DatePeriod of the Mortgage Loans and the number and aggregate principal balance of all Subsequent Mortgage Loans added during the preceding Prepayment Period; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans in the aggregate and for each Loan Group, Group that were (aA) Delinquent (exclusive of Mortgage Loans in bankruptcy or foreclosure and REO Properties) (1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close Close of business Business 130 on the last day of the calendar month preceding calendar monthsuch Distribution Date and (D) REO Properties; (xiiiix) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, [reserved]; (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to for each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses for each Loan Group incurred during the related Due Period and Prepayment Period, the cumulative amount of Realized Losses for each Loan Group and the amount of Realized Losses, if any, allocated to each Class of Certificates or PrincipalThree-Only ComponentsMonth Rolling Delinquency Percentage; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate A Certificates, each class of Mezzanine Certificates and the Class C Certificates and the Notional Amount, as applicable, Amount of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class S Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each class of Class A Certificates, the Class S Certificates, each Class of Certificates, Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Class S Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Certificates on Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for each Loan Group for such Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each class of any Net Interest Shortfalls Class A Certificates, the Class S Certificates and each Class of Mezzanine Certificates, if any, for such Distribution Date and the Unpaid Interest Shortfall Amount for amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) the Available Funds with respect Overcollateralization Target Amount, Overcollateralized Amount and any Overcollateralization Deficiency Amount after giving effect to each Loan Groupthe distribution of principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the Available Funds; (xxii) the respective Pass-Through Rates applicable to each Class of Class A Certificates, each Class of Class S Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate for applicable to each Class of Class A Certificates and each Class of Mezzanine Certificates for the immediately succeeding Distribution Date; (xxiii) the amount on deposit in the Pre-Funding Accounts immediately prior to the related Prepayment Period, the amount withdrawn therefrom during the related Prepayment Period and the amount remaining on deposit therein as of the end of the related Prepayment Period and as of such Distribution Date, the amount on deposit in, and the amounts withdrawn from and included in Available Funds, each Interest Coverage Account and the Net WAC Rate Carryover Reserve Account; (xxiv) for the distribution occurring on the Distribution Date immediately following the end of the Funding Period, the balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Group I Mortgage Loans and/or Subsequent Group II Mortgage Loans, as applicable, and that is being distributed to the related Class A Certificates as a mandatory distribution of principal, if any, on such Distribution Date; (xxv) the Guarantee Fee to be paid to the Guarantor with respect to the Guaranteed Certificates for such Distribution Date; (xxixxvi) such other information as the aggregate Principal Balance of Mortgage Loans purchased hereunder Guarantor may reasonably request in such format as reasonably requested by the Seller during Guarantor and any other information that is required by the related Due Period, Code and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid regulations thereunder to an Undercollateralized Group or amounts paid pursuant be made available to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan GroupCertificateholders; and (xxvii) payments made under the Yield Maintenance Agreements, if anyMaximum Cap Rate for such Distribution Date; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the Guarantor, the NIMS Insurer and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇301) ▇▇▇815-▇▇▇▇6600. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution 132 date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to the Guarantor, the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall forward to the NIMS Insurer and the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, the Trustee shall deliver to the NIMS Insurer and each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. (e) By not later than September 15, 2002, the Trustee is required to (i) confirm, to the extent such data is available in the Information Circular or from Banc of America Securities Administrator shall supply an electronic tape LLC, that the cash flows, weighted average lives, yields and credit enhancement default analysis for the Class A-1 Certificates and Class S-1 Certificates as presented in the Information Circular are correct therein based on the assumptions and principal and interest methodology described in the Information Circular and are consistent with the model developed by the Trustee for the calculations that the Trustee is required to Bloomberg Financial Markets, Inc. make hereunder and (ii) notify the Guarantor that the information referred to in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basisclause (i) above is consistent with the model developed by the Trustee.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Option One Mortgage Loan Tr Asset Backed Cert Ser 2002-5)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer pursuant to Sections 3.19 and 4.04, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution DateDate which shall include the following information: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount (if any) and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount (if any) for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate Stated Principal Balance of all Subsequent Mortgage Loans added during the Funding Period; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [Reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses since the Closing Date and the aggregate amount of Realized LossesSubsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date; (xiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the Class C Certificates, after giving effect to the distributions made on such Distribution Date; (xv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, allocated with respect to each the Class of A Certificates, the Mezzanine Certificates, the Class B Certificates or Principal-Only Componentsand the Class C Certificates for such Distribution Date; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, aggregate amount of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on Net Prepayment Interest Shortfalls for such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, Credit Enhancement Percentage for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each Class of any Net Interest Shortfalls Class A Certificates, each Class of Mezzanine Certificates and the Unpaid Interest Shortfall Amount Class B Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Class A Certificates, each Class of Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);each Class of Class A Certificates, each Class of Mezzanine Certificates and the Class B Certificates for the immediately succeeding Distribution Date; and (xxiii) current Recoveries allocable to each Loan Grouppayments, if any, made under the Cap Contract; (xxiv) cumulative Recoveries allocable to each Loan Group;the amount on deposit in the Pre-Funding Accounts; and (xxv) for the amount distribution occurring on the Distribution Date immediately following the end of any Basis Risk Shortfallthe Funding Period, the balance on deposit in the Group I Pre-Funding Account and/or the Group II Pre-Funding Account that has not been used to purchase Subsequent Group I Mortgage Loans and/or Subsequent Group II Mortgage Loans, as applicable, and that is being distributed to the related Class A Certificates as a mandatory distribution of principal, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for on such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s internet website. The Securities Administrator’s Trustee's internet website shall initially to be located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Financial Asset Securities Corp First Franklin Mortgage Loan Trust 2004-Ffh3)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [reserved] (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates and the Unpaid Interest Shortfall Amount Mezzanine Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);each Class of Class A Certificates and each Class of Mezzanine Certificates for the immediately succeeding Distribution Date; and (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. [reserved] The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇.” /invr". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇800) ▇▇▇735-▇▇▇▇7777. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Fremont Home Loan Trust 2003-3 Asset Backed Certs)

Statements. (a) On each Distribution Date, based on the Mortgage Loan information contained in the Remittance Report, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer prepare and the Rating Agencypost on its website at www.ctslink.com, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the "Distribution Date Statement") as to the distributions to be t▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ions made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identified and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class CE Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCollection Period; (v) the aggregate amount of Advances for the related Due Period Collection Period, cumulative unreimbursed Advances and the amount of unreimbursed Servicing Advances and cumulative Nonrecoverable Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group Pool Balance, at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid Principal Balance of the REO Property as of the close of business on the last Business Day of such calendar month and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and Losses; (xiii) the amount Principal Balance of Realized Losses, if any, allocated to each Class of Certificates Certificates, after giving effect to the distributions, and allocations of Realized Losses or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional AmountApplied Realized Loss Amounts, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixiv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Certificates for such Distribution Date and any related Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixv) the aggregate amount of any Net Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.23; (xvi) the amount of the Securities Administrator Fee paid; (xvii) the Cap Carryover Amounts distributed on such Distribution Date, the amounts remaining after giving effect to distributions thereof on such Distribution Date and the Unpaid Interest Shortfall Amount for amount of all Cap Carryover Amounts covered by withdrawals from the Reserve Account on such Distribution Date; (xviii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xix) whether a Trigger Event has occurred and is continuing, and the Available Funds with respect to each Loan Groupcumulative Realized Losses, as a percentage of the original Pool Balance; (xx) the Available Funds; (xxi) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxixxii) the information contained in the Liquidation Report for such Distribution Date; (xxiii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller Servicer or the Depositor during the related Due Period, Prepayment Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxiixxiv) the amount aggregate Principal Balance of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to the Mortgage Loans repurchased by the Depositor during the related Prepayment Period in connection with Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group3.16; (xxv) the amount of any Basis the Credit Risk Shortfall, if any, and the related accrued interest thereon;Manager Fee paid; and (xxvi) for the Mortgage Loan identifying number of each Mortgage Loan Groupwith a Prepayment Charge that was the subject of a Principal Prepayment in full during the related Collection Period, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the Prepayment Charge listed on each related Certificates and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Mortgage Note and the other parties Prepayment Charge collected, the Servicer Prepayment Charge Payment Amount paid by the Servicer or the Originator Prepayment Charge Payment Amount paid by the Originator with respect to this Agreement via the Securities Administrator’s internet websiteeach such Mortgage Loan. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the Securities Administrator's website can be obtained by calling the Securities Administrator’s 's customer service desk at (▇▇▇301) ▇▇▇815-▇▇▇▇6600. Parties that are unable to use the above distribution option are entitled ▇▇▇▇▇▇ ▇▇▇ ▇▇titled 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. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Mortgage Loans provided by the Servicer. In the case of information furnished pursuant to subclauses (i), (ii) and (iixiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xiv) and (xxixvii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape forward to Bloomberg Financial Markets, Inc. the Class R Certificateholder a copy of the reports forwarded to the Regular Certificateholders in a format acceptable respect of such Distribution Date with such other information as the Securities Administrator deems necessary or appropriate. Such obligation of the Securities Administrator shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Class R Certificateholder by the Securities Administrator pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Wells Fargo Asset Securities Corp)

Statements. (a) On each Distribution Date, based on the Securities Administrator shall make available to Mortgage Loan information contained in the Trustee, each CertificateholderRemittance Report, the Seller, the Master Servicer Trustee shall prepare and the Rating Agencypost on its website at www.ctslink.com, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the "Distribution Date Statement") as to the distributions to be ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ns made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principalprincipal or reduction of Notional Amount, separately identified and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class CE Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Master Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsCollection Period; (v) the aggregate amount of Advances for the related Due Period Collection Period, cumulative unreimbursed Advances and the amount of unreimbursed Servicing Advances and cumulative Nonrecoverable Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group Pool Balance, at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due Collection Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class Certificate Principal Balance Balance, or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates Certificates, after giving effect to any distributions the distributions, and allocations of Realized Losses or Applied Realized Loss Amounts, as applicable, made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses or Applied Realized Loss Amounts; (xviixiv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Certificates for such Distribution Date and any related Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixv) the aggregate amount of any Net Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.23; (xvi) the amount of the Trustee Fee paid; (xvii) the Cap Carryover Amounts distributed on such Distribution Date, the amounts remaining after giving effect to distributions thereof on such Distribution Date and the Unpaid Interest Shortfall Amount for amount of all Cap Carryover Amounts covered by withdrawals from the Reserve Account on such Distribution Date; (xviii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xix) whether a Trigger Event has occurred and is continuing, and the Available Funds with respect to each Loan Groupcumulative Realized Losses, as a percentage of the original Pool Balance; (xx) the Pass-Through Rate Available Funds; (xxi) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxixxii) the information contained in the Liquidation Report for such Distribution Date; (xxiii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Master Servicer or Seller during the related Due Period, Collection Period and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxiixxiv) the amount aggregate Principal Balance of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to the Mortgage Loans repurchased by the Master Servicer during the related Collection Period in connection with Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group3.16; (xxv) the amount of any Basis the Credit Risk Shortfall, if any, and the related accrued interest thereon;Manager Fee paid; and (xxvi) for the Mortgage Loan identifying number of each Mortgage Loan Groupwith a Prepayment Charge that was the subject of a Principal Prepayment in full during the related Collection Period, the amount of Deferred Interest Prepayment Charge listed on each related Mortgage Note and Net Deferred Interest, if any, for the Prepayment Charge collected or the Servicer Prepayment Charge Payment Amount paid by the Master Servicer with respect to each such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added Mortgage Loan. The Trustee may fully rely upon and shall have no liability with respect to information with respect to the Class Certificate Principal Balance or Component Principal Balance of Mortgage Loans provided by the related Certificates and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 changeMaster Servicer. In the case of information furnished pursuant to subclauses (i), (ii) and (iixiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Trustee shall furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xiv) and (xxixvii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape forward to Bloomberg Financial Markets, Inc. the Class R Certificateholder a copy of the reports forwarded to the Regular Certificateholders in a format acceptable respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Trustee shall be deemed to Bloomberg Financial Markets, Inc. on a monthly basis, have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Class R Certificateholder by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Asset Backed Funding Corp Abfc Asst BCKD Cert Ser 2002-Opt1)

Statements. (a) On each Distribution Date, based on the Mortgage Loan information contained in the Master Servicer's Certificate, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer prepare and the Rating Agencypost on its website at www.ctslink.com, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the "Distribution Date Statement") as to the distributions to be a▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇butions made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal, separately identified and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges, Originator Prepayment Charge Payment Amounts and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class CE Distributable Amount, separately identified; (iii) the Senior PercentageOvercollateralization Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency and Subordinate Prepayment Percentage with respect to each Loan Group the Targeted Overcollateralization Amount as of such Distribution Date and the Monthly Excess Interest Amount and Monthly Excess Cashflow Amount for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by each Servicer during the related Due Period prior calendar month and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsamount of Compensating Interest paid by each Servicer; (v) the aggregate amount of Advances for the related Due Period Collection Period, cumulative unreimbursed Advances and the amount of unreimbursed Servicing Advances and cumulative Nonrecoverable Advances; (vi) [reserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group Pool Balance, at the Close close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and the weighted average Loan Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date and the number and aggregate Principal Balance of all Additional Mortgage Loans added since the Closing Date or preceding Distribution Date, as applicable; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentpast due on a contractual basis, (b) 60 to 89 days Delinquentpast due on a contractual basis, (c) 90 or more days Delinquentpast due on a contractual basis, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number of such Mortgage Loan, the unpaid Principal Balance of the REO Property as of the close of business on the last Business Day of such calendar month and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) the book value of any REO Property as of the Close close of Business business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close close of Business business of the last day of the preceding Due PeriodCollection Period or, in the case of JPM Chase Bank, as of the close of business on the last Business Day of the calendar month preceding the Distribution Date; (xivxi) separately stated for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) separately stated for each Loan Group, the aggregate amount of Realized Losses incurred during the related Due Collection Period or, in the case of JPM Chase Bank, as of the close of business on the last Business Day of the calendar month preceding the Distribution Date, and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates Certificates, after giving effect to any distributions the distributions, and allocations of Applied Realized Loss Amounts, made thereon, on such Distribution Date, separately identifying any reduction thereof due to allocations of Applied Realized Loss Amounts; (xviixiv) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Certificates for such Distribution Date and any related Cap Carryover Amounts, and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviiixv) the aggregate amount of any Net Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by a Servicer pursuant to Section 3.25; (xvi) the Cap Carryover Amounts distributed on such Distribution Date, the amounts remaining after giving effect to distributions thereof on such Distribution Date and the Unpaid Interest Shortfall Amount amount of all Cap Carryover Amounts covered by withdrawals from the Swap Account or the Cap Carryover Reserve Account on such Distribution Date; (xvii) the Pre-Funding Release for each Loan Group for such Distribution Date; (xviii) any Overcollateralization Deficiency after giving effect to the distribution of principal on such Distribution Date; (xix) whether a Trigger Event has occurred and is continuing, and the Available Funds with respect to each Loan Groupcumulative Realized Losses, as a percentage of the original Pool Balance; (xx) the Pass-Through Rate Available Funds; (xxi) the rate at which interest accrues for each Class of Certificates for such Distribution Date; (xxixxii) the information contained in the Liquidation Report for such Distribution Date; (xxiii) the aggregate Principal Balance of Mortgage Loans purchased hereunder or substituted by a Servicer, an Originator, the Seller or a Purchasing Party during the related Due Prepayment Period; (xxiv) the amount of the Credit Risk Manager Fee paid; (xxv) the Mortgage Loan identifying number of each Mortgage Loan with a Prepayment Charge that was the subject of a Principal Prepayment in full during the related Prepayment Period, the Prepayment Charge listed on each related Mortgage Note and indicating the relevant section of Prepayment Charge collected, the Servicer Prepayment Charge Payment Amount paid by the related Servicing Agreement, Servicer or the Section of this Agreement, as applicable, requiring or allowing Originator Prepayment Charge Payment Amount paid by the purchase of related Originator with respect to each such Mortgage Loan; (xxiixxvi) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Subsequent Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and received during the related accrued interest thereonPrepayment Period; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; andamount and recipient of any Net Swap Payments and Swap Termination Payments; (xxviii) the amount date of Net Deferred Interestsuch Distribution Date and the Determination Date for such Distribution Date; 155 (xxix) any expenses or indemnification amounts paid by the Trust Fund, the specific purpose of each payment and the parties to whom these payments are made; (xxx) for each Class, the applicable Record Date, LIBOR Determination Date and Interest Accrual Period; (xxxi) unless such information is otherwise set forth in Form 10-D relating to such Distribution Date, any material breaches of representations and warranties relating to the Mortgage Loans or material breaches of transaction covenants or representations and warranties; and (xxxii) for each Class, the applicable Certificate Interest Rate, if anyapplicable, added to and the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principalapplicable Pass-Only ComponentsThrough Rate, if different. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders may fully rely upon and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 no liability with respect to change the way such reports are distributed in order to make such distribution more convenient and/or more accessible information with respect to the partiesMortgage Loans provided by the Master Servicer. In determining whether a breach of a representation or warranty relating to the Mortgage Loans is material or whether a breach of a transaction covenant or representation or warranty is material for purposes of subclause (xxxi) above, and the Securities Administrator shall provide timely may consult with the Depositor and adequate notification to all parties regarding any such changerely on the Depositor's determination of materiality. In the case of information furnished pursuant to subclauses (i), (ii) and (iixiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. The Securities Administrator will also make available copies of the periodic reports the Securities Administrator prepares and files with the Commission, including distribution reports on Form 10-D, annual reports on Form 10-K, current reports on Form 8-K and amendments to these reports available through www.ctslink.com promptly (but no later than one Business Day) after ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Administrator has filed such reports with the Commission. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, shall furnish to the NIMS Insurer and each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ), (iiiii), (xiv) and (xxixvi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape forward to Bloomberg Financial Marketseach Residual Certificateholder a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the 156 extent that substantially comparable information shall be prepared and furnished to each Residual Certificateholder by the Securities Administrator pursuant to any requirements of the Code as from time to time in force. (d) For all purposes of this Agreement including, Inc. but not limited to, providing the information set forth in clause (viii) of Section 4.06(a), with respect to any Mortgage Loan, delinquencies shall be determined and reported based on the so-called "OTS" methodology for determining delinquencies on mortgage loans similar to the Mortgage Loans. By way of example, a format acceptable Mortgage Loan would be one payment delinquent with respect to Bloomberg Financial Markets, Inc. a Monthly Payment due on a monthly basisDue Date if such Monthly Payment is not made by the close of business on the Mortgage Loan's next succeeding Due Date, and shall supply an electronic tape a Mortgage Loan would be two payments delinquent with respect to Loan Performance such Monthly Payment if such Monthly Payment were not made by the close of business on the Mortgage Loan's second succeeding Due Date. Each Servicer hereby represents and Intex Solutions in a format acceptable warrants to Loan Performance the Depositor and Intex Solutions on a monthly basisthe Master Servicer that this delinquency recognition policy is its current policy and is not less restrictive than any delinquency recognition policy established by the primary safety and soundness regulator, if any, of such Servicer.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (ABFC 2006-He1 Trust)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer pursuant to Section 4.04(a), the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution DateDate which shall include the following information: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount (if any) and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount (if any) for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due DateDetermination Date and the number and aggregate Stated Principal Balance of all Subsequent Group II Mortgage Loans added during the related Prepayment Period; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, 105 REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [Reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicablethe Mezzanine Certificates, of each the Class of B Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount Net WAC Rate Carryover Amount for each Class of any Net Interest Shortfalls Class A Certificates, each Class of Mezzanine Certificates and the Unpaid Interest Shortfall Amount Class B Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; 106 (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Class A Certificates, each Class of Mezzanine Certificates, the Class B Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)each Class of Class A Certificates and each Class of Mezzanine Certificates for the immediately succeeding Distribution Date; (xxiii) current Recoveries allocable the amount on deposit in the Dividend Account immediately prior to each Loan Groupthe related Servicer Remittance Date, the amount deposited into the Dividend Account on the related Servicer Remittance Date (separately identifying the amount received from Mortgagors and the amount advanced) and the amount withdrawn from the Dividend Account on the related Servicer Remittance Date (separately identifying the amount refunded to Mortgagors and the amount distributed to the holder of the Dividend Account Certificate on such Distribution Date); (xxiv) cumulative Recoveries allocable to each Loan Grouppayments, if any, made under the Cap Contract; (xxv) the amount of any Basis Risk Shortfall, if any, and on deposit in the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan GroupGroup II Pre-Funding Account; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Financial Asset Secs Corp Asset Backed Cert Sers 2003 Ff5)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate principal balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding such Distribution Date and (D) REO Properties; (A) the Distribution Date, and, cumulatively, dollar amount of payments received related to claims under the PMI Policy during the related Prepayment Period (and the number of Mortgage Loans to which such payments related); (B) the cumulative dollar amount of payments received related to claims under the PMI Policy since the Closing Date (and the number of Mortgage Loans to which such payments related); (C) the dollar amount of claims made under the PMI Policy that were denied during the Prepayment Period (and the number of Mortgage Loans to which such denials related); and (D) the dollar amount of the cumulative claims made under the PMI Policy that were denied since the Closing Date (and the number of Mortgage Loans to which such denials related); (x) the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A-1 Certificates, the Class A-2 Certificates, the Class M-1 Certificates, the Class M-2A Certificates and the Unpaid Interest Shortfall Amount Class M-3 Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage LoanAvailable Funds; (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Class A Certificates, each Class of Mezzanine Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);each Class of Class A Certificates and each Class of Mezzanine Certificates for the immediately succeeding Distribution Date; and (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfallpayments, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance AgreementsCap Contracts, if any; and (xxviii) received by the amount of Trustee and deposited into the Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsWAC Rate Carryover Reserve Account for such Distribution Date. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇.” ". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Financial Asset Sec Corp Asset Backed Certs Ser 2002-2)

Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer and the Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer pursuant to Sections 3.19 and 4.04, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicers (the “Distribution Date Statement”) Rating Agencies, a statement as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates, separately identified, allocable to principal and the amount of the distribution made to the Holders of the Class P Certificates allocable to principalPrepayment Charges and Servicer Prepayment Charge Payment Amounts; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class P Certificates) allocable to interest, separately identified; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) [reserved]; (vii) the Loan Group Pool Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date; (xiiviii) the number and aggregate unpaid principal balance Stated Principal Balance of Mortgage Loans, Loans that were (A) Delinquent (exclusive of Mortgage Loans in the aggregate bankruptcy or foreclosure and for each Loan Group, REO Properties) (a1) 30 to 59 days Delinquentdays, (b2) 60 to 89 days Delinquent, and (c3) 90 or more days Delinquentdays, (dB) as to which 104 foreclosure proceedings have been commenced and Delinquent (e1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) in bankruptcybankruptcy and Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day day of the calendar month preceding the such Distribution Date, and, cumulatively, Date and (D) REO Properties; (ix) [Reserved]; (x) the total number and cumulative principal balance Stated Principal Balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Prepayment Period; (xivxi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xvxii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvixiii) the Class aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Certificate Principal Balance or of the Class Certificate Notional AmountA Certificates, as applicablethe Mezzanine Certificates, of each the Class of B-1 Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class C Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount in respect of each Class of Class A Certificates, each Class of Mezzanine Certificates, the Class B-1 Certificates and the Class C Certificates for such Distribution Date and the respective portions thereofUnpaid Interest Shortfall Amount, if any, remaining unpaid following with respect to the distributions made in respect Class A Certificates, the Mezzanine Certificates, the Class B-1 Certificates and the Class C Certificates for such Distribution Date; (xvi) the aggregate amount of any Prepayment Interest Shortfalls for such Certificates on Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.26; (xvii) the Credit Enhancement Percentage for such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls WAC Rate Carryover Amount for the Class A Certificates, the Mezzanine Certificates and the Unpaid Interest Shortfall Amount Class B-1 Certificates, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the Available Funds with respect to each Loan Group; (xx) the Pass-Through Rate for each Class distribution of Certificates for principal on such Distribution Date; (xx) when the Stepdown Date or a Trigger Event has occurred; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;Available Funds; 105 (xxii) the amount respective Pass-Through Rates applicable to each Class of any Principal Deficiency Amounts or Accrued Interest Amounts paid Class A Certificates, each Class of Mezzanine Certificates, the Class B-1 Certificates and the Class C Certificates for such Distribution Date and the Pass-Through Rate applicable to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);each Class of Class A Certificates and each Class of Mezzanine Certificates for the immediately succeeding Distribution Date; and (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfallpayments, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and (xxvii) payments made under the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsCap Contract. The Securities Administrator Trustee will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement Rating Agencies via the Securities Administrator’s Trustee's internet website. The Securities Administrator’s Trustee's internet website shall initially be located at "▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇.” /invr". Assistance in using the website can be obtained by calling the Securities Administrator’s Trustee's customer service desk at (▇▇▇800) ▇▇▇735-▇▇▇▇7777. Parties that are unable to use the above distribution option are 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 Trustee shall have the right to change the way such reports statements are distributed in order to make such distribution more convenient and/or more accessible to the parties, above parties and the Securities Administrator Trustee shall provide timely and adequate notification to all above parties regarding any such changechanges. As a condition to access to the Trustee's internet website, the Trustee may require registration and the acceptance of a disclaimer. The Trustee will not be liable for the dissemination of information in accordance with this Agreement. The Trustee shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto). In the case of information furnished pursuant to subclauses (i) and through (iiiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape make available to Bloomberg Financial Marketsthe Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Trustee deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall deliver to each Person who at any time during the calendar year was a Residual Certificateholder, if requested in writing by such Person, such information as is reasonably necessary 106 to provide to such Person a format acceptable statement containing the information provided pursuant to Bloomberg Financial Markets, Inc. on the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a monthly basis, Residual Certificateholder. Such obligation of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and shall supply an electronic tape furnished to Loan Performance and Intex Solutions Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in a format acceptable to Loan Performance and Intex Solutions on a monthly basisforce.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Financial Asset Securities Corp Asset Back Certs Ser 03-2)

Statements. (a) On each Distribution Date, the Securities Administrator Trustee shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer Seller and the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Senior PercentageOvercollateralized Amount, Senior Prepayment Percentagethe Overcollateralization Release Amount, Subordinate Percentage the Overcollateralization Deficiency Amount (if any) and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the Excess Overcollateralized Amount (if any) for the following Mortgage Pool for such Distribution Date; (iv) the aggregate amount of servicing compensation received by each the Servicer during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vi) [reservedReserved]; (vii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (viii) for each Loan Group, [Reserved]; (ix) the aggregate Principal Balance of the One-Year MTA LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ixx) for each Loan Group, the aggregate Principal Balance of the OneSix-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date; (xii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Groupaggregate, (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar month; (xiii) the book value of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding the Distribution Date, and, cumulatively, the total number and cumulative principal balance of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Period; (xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; (xv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xvii) the Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Date; (xviii) the aggregate amount of any Net Interest Shortfalls and the any Unpaid Interest Shortfall Amount for such Distribution Date; (xix) the Available Funds with respect to each Loan GroupFunds; (xx) the Pass-Through Rate for each Class of Certificates for such Distribution Date; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)[Reserved]; (xxiii) current Recoveries allocable to each Loan Group[Reserved]; (xxiv) cumulative Recoveries allocable to each Loan Groupthe amount of compensation received by the Trustee during the related Due Period; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereonCredit Enhancement Percentage for such Distribution Date; (xxvi) for each Loan Groupany Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount after giving effect to the amount distribution of Deferred Interest and Net Deferred Interest, if any, for principal on such Loan GroupDistribution Date; and (xxvii) payments made under when the Yield Maintenance Agreements, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance Stepdown Date or Component Principal Balance of the related Certificates and Principal-Only Componentsa Trigger Event has occurred. The Securities Administrator Trustee will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇/invr.” Assistance in using the website can be obtained by calling the Securities AdministratorTrustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are 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 Trustee 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 Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date. (b) Within a reasonable period of time after the end of each calendar year, the Securities Administrator Trustee shall, upon written request, furnish to each Person who at any time during the calendar year was a Certificateholder of a Regular Certificate, if requested in writing by such Person, such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Securities Administrator Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Administrator Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Securities Administrator Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (FNBA Mortgage Loan Trust 2004 AR1)