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 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 the Certificates allocable to principal;
(ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of the 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 Datereserved;
(iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Remittance Period (separately identifying Servicing Fees and other servicing compensation) and such other customary information as the Trustee reasonably 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 AdvancesRemittance Period;
(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 Remittance 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, in the aggregate and for each Loan Group, Loans (a) that were (A) 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 preceding 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, and (b) the related Mortgaged Properties of which are REO Properties;
(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 preceding Due Prepayment Period;
(xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvxi) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses;
(xii) 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 Certificate Principal Balance of each Class of Regular Certificates after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date separately identifying any reduction thereof due to allocations of Realized Losses (in the case of the Subordinated Certificates and the Class C Certificates);
(xiv) the Certificate Factor for each Class of the Regular Certificates applicable to such Distribution Date;
(xv) the Accrued Certificate Interest for the Class A Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and Unpaid Interest Shortfall Amount, if any, allocated with respect to each the Class of A Certificates or Principal-Only Componentsand the Subordinated 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 aggregate amount of any Relief Act Interest Distributable Amount in respect of each Class of Certificates, Shortfalls 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 Overcollateralized Amount and the Unpaid Interest Shortfall Excess Overcollateralization 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 Credit Enhancement Percentage for such Distribution Date;
(xx) the Net WAC Rate Carryover Amount for the Class A Certificates and the Subordinated Certificates, if any, for such Distribution Date and the amount remaining unpaid after payments from the Excess Reserve Fund Account are made pursuant to Section 4.01(e);
(xxi) when the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, Stepdown Date has occurred 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 Loanwhen a Trigger Event is in effect;
(xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid deposits to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)and withdrawals from the Excess Reserve Fund Account on such Distribution Date;
(xxiii) current Recoveries allocable to each Loan Groupthe Available Funds for such Distribution Date;
(xxiv) cumulative Recoveries allocable the respective Pass-Through Rates applicable to each Loan Groupthe Class A Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and the respective Pass-Through Rates applicable to the Class A Certificates and the Subordinated Certificates for the immediately succeeding Distribution Date;
(xxv) the amount aggregate Notional Amount of any Basis Risk Shortfallthe Class C Certificates, if any, and in each case after giving effect the related accrued interest thereon;reductions thereof to occur on such Distribution Date; and
(xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, the Reimbursement Amount for such Loan Group; and
(xxvii) payments made under the Yield Maintenance Agreements, if any; and
(xxviii) Distribution Date and the amount of Net Deferred Interest, if any, added to received by the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsInsurer in respect thereof 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 Certificateholders, the Servicer, the Trustee, the Certificate 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 (1-▇▇▇) -▇▇▇-▇▇▇▇. 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 (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 hypothetical Certificate having an initial Certificate Principal Balance or Notional Amount (in the case of the Cut-Off DateClass C Certificates) equal to $1,000.
(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 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. 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 and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. The Trustee shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Certificateholder, Inc. on Certificate Owner or any Person identified to the Trustee as a prospective transferee of a Certificate, originals or copies of the following items: (i) the private placement memorandum or other disclosure document relating to such Certificates, if any, in the form most recently provided to the Trustee; and (ii) in all cases, (A) this Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) all monthly basisstatements required to be delivered to Certificateholders of the relevant Class pursuant to this Section 4.02 since the Closing Date, and shall supply an electronic tape all other notices, reports, statements and written communications delivered to Loan Performance the Certificateholders of the relevant Class pursuant to this Agreement since the Closing Date, (C) all certifications delivered by a Responsible Officer of the Trustee since the Closing Date pursuant to Section 9.01(h) and Intex Solutions in (D) any and all Officers’ Certificates delivered to the Trustee by the Servicer since the Closing Date to evidence the Servicer’s determination that any Advance or Servicing Advance was, or if made, would be a format acceptable to Loan Performance Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively. Copies and Intex Solutions on a monthly basismailing of any and all of the foregoing items will be available from the Trustee upon request at the expense of the person requesting the same.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (IndyMac Residential Mortgage-Backed Trust, Series 2006-L3), Pooling and Servicing Agreement (IndyMac Residential Mortgage-Backed Trust, Series 2006-L3)
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 the Remittance Report 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 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 returnsPeriod;
(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, 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[Reserved];
(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 MTA 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)(i5.01(f)(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, with respect to the LIBOR Certificates;
(xxiv) [Reserved];
(xxv) [Reserved];
(xxvi) [Reserved];
(xxvii) 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) current Recoveries allocable to each Loan Group; and
(xxx) cumulative Recoveries allocable to each Loan Group. 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 (DSLA Mortgage Loan Trust 2004-Ar4), Pooling and Servicing Agreement (DSLA Mortgage Loan Trust 2004-Ar3)
Statements. (a) On each Distribution Each month, not later than 12:00 noon New York time on the Determination Date, the Securities Administrator Servicer shall make available deliver to the Trustee, each Certificateholderby telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the Sellerreceipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered on the Business Day following the Determination Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Master Servicer Series number, the date of this Agreement, 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 Datefollowing:
(i) the amount of Available Remittance Amounts for the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principalrelated Remittance Date;
(ii) the amount of the distribution made on such Distribution Date to the Holders of Class Principal Balances for each Class of Certificates allocable Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant to interestsubclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notes;
(iii) the Senior PercentagePrincipal Distribution Amounts for the related Remittance Date, Senior Prepayment Percentage, Subordinate Percentage in the aggregate and Subordinate Prepayment Percentage with respect listed separately for the portions relating to each Loan Group for the following Distribution DateClass of Class A, Class M and Class B Notes;
(iv) the aggregate amount of servicing compensation received by each Servicer during Interest Shortfall Carryforward Amounts and Realized Loss Amounts for the related Due Period Remittance Date (by Class and such other customary information as in the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsaggregate);
(v) the aggregate amount of Advances Available Maximum Subordination Amount for the related Due Period and the amount of unreimbursed AdvancesRemittance Date;
(vi) [reserved]the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due Period;
(vii) the Loan Group Balance amount of all Curtailments which were received during the Due Period;
(viii) the aggregate amount of all Excess Payments and related Net WAC the amounts of Monthly Payments in respect of principal received during the Due Period;
(ix) the amount of interest received on the Loans;
(x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and Net WAC Cap for each Loan Group at the Close Compensating Interest payment to be made on the Determination Date;
(xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit L;
(xii) the amount of Business at the end of any Realized Losses incurred during 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;
(xiixiii) the number and aggregate unpaid principal balance of Mortgage LoansAvailable Remittance Amounts for the Remittance Date, 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 Periodby component;
(xiv) the aggregate amount of Principal Prepayments Reimbursable Amounts and the GP Remittance Amount payable with respect to each Loan Group made during the related Prepayment PeriodRemittance Date;
(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 Class Principal Balance for each Class of Certificates or Principal-Only ComponentsClass A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made on such Remittance Date;
(xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances calculation of the Subordinate Certificates after giving effect to any distributions made thereonTrigger Event, on such Distribution Dateincluding the various components thereof;
(xvii) the Interest Distributable Amount in Cumulative Realized Losses, with respect of each Class of Certificates, for such Distribution Date and to the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Remittance Date;
(xviii) the aggregate amount of any Net Interest Shortfalls and amount, if any, by which the Unpaid Interest Shortfall applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Distribution Remittance Date;
(xix) the Available Funds with respect Servicing Fees, the Contingency Fees and amounts to each Loan Groupbe deposited to the Expense Account and the FHA Premium Account;
(xx) the Pass-Through Rate for each Class amount of Certificates for such Distribution Dateall payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f);
(xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by Class Factor for each Class determined using 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 Loanbalances in subclause (xv) above;
(xxii) the amount of any Principal Deficiency Amounts or Accrued weighted average Loan Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period;
(xxiii) current Recoveries allocable to each Loan Group[Reserved];
(xxiv) cumulative Recoveries allocable to each Loan Groupthe Spread Amount and the Specified Subordinated Amount for such Remittance Date;
(xxv) the amount of any Basis Risk ShortfallApplied Realized Loss Amount, if any, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the related accrued interest thereonclose of such Remittance Date;
(xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, Accelerated Principal Distribution Amount for such Loan Group; andRemittance Date;
(xxvii) payments made under the Yield Maintenance Agreements, if any; andReserved;
(xxviii) the amount of Net Deferred Interest, if any, added to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Class Certificate Principal Balance Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i);
(xxix) the amount of FHA Payments and Related Payments received during the related Due Period;
(xxx) the Reserve Amount for the related Remittance Date;
(xxxi) claims filed during the Due Period;
(xxxii) claims paid during the Due Period;
(xxxiii) claims denied by the FHA during the Due Period;
(xxxiv) claims pending payment by the FHA during the Due Period; and
(xxxv) Such other information as the Noteholders or Component Principal Balance Certificateholders may reasonably require. The Trustee shall forward such report to the Noteholders and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy 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 Servicer's Certificate and the other parties to this Agreement via hard copy thereof, the Securities Administrator’s internet website. The Securities Administrator’s internet website Trustee 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 rely upon 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 changetelecopy. In the case of information furnished pursuant to subclauses (iii), (viii) and (iixiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each Note per $1,000 original dollar amount as of the Cut-Off Date.
(ba) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Servicer shall furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Certificateholder of a Regular CertificateClass A, if requested in writing by such Person, Class M and Class B Noteholder such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ix), (iiixiii), (xix) and (xxi) xxxv), above, aggregated for such calendar year or applicable portion thereof during which such Person was a CertificateholderNoteholder. Such obligation of the Securities Administrator Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished provided by the Securities Administrator to Certificateholders Servicer pursuant to any requirements of the Code as are in force from time to timetime are in force.
(b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriate.
(c) On Within a reasonable period of time after the end of each Distribution Datecalendar year, the Securities Administrator Servicer shall supply an electronic tape furnish to Bloomberg Financial Marketsthe Trustee, Inc. with a copy to the Owner Trustee for distribution to each Person who at any time during the calendar year was a Holder of the GP Interest 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 the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in force.
(d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a format acceptable savings and loan association, bank or insurance company certain reports and access to Bloomberg Financial Marketsinformation and documentation regarding the Loans sufficient to permit such Class A, Inc. on a monthly basisClass M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M 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 basisClass B Notes.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Money Store Home Equity Corp), Sale and Servicing Agreement (Money Store Home Equity Corp)
Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Yield Maintenance Provider, the Seller, any NIMS Insurer, the Master Servicer and the each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer Servicer, the Basis Risk Cap Provider and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. Information in the Distribution Date Statement relating to or based on amounts available in the Yield Maintenance Account shall be based on information provided by the Yield Maintenance Provider regarding any Yield Maintenance Distributable Amounts required to be paid by the Yield Maintenance Provider for the related Distribution Date pursuant to the Yield Maintenance Agreement. The Distribution Date Statement shall include the following information, in each case, with respect to 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[Reserved];
(iv) the aggregate amount of servicing compensation received by each Servicer during Servicing Fees, Subservicing Fees, Master Servicing Fees and Credit Risk Manager Fees for 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 returnsPeriod;
(v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved];
(vii) the Loan Group Balance for each Loan Group and related the Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period;
(vii) the Pool Balance, the Pool Collateral Balance and the Loan Group Balance for such Distribution Date;
(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 amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the One-Month LIBOR 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;
(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 maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date;
(xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related 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, using the OTS method;
(xiiixii) for each Loan Group, the book value (if available) 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;
(xivxiii) for each Loan Group, the aggregate amount of any Principal Prepayments, net Principal Prepayments or other unscheduled recoveries of principal with respect to each Loan Group made during the related Prepayment Period;
(xvxiv) for each Loan Group, 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 Componentsafter giving effect to any distributions made thereon, on such Distribution Date;
(xvixv) 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;
(xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related 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;
(xviiixvii) for each Class, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date;
(xviii) for each Loan Group, the related Available Funds;
(xix) the Available Funds with respect to for each Loan Group;
(xx) , the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date;
(xxixx) for each Loan Group, 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;
(xxiixxi) for each Loan Group, 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);
(xxiiixxii) current Recoveries allocable to each Loan Group;
(xxivxxiii) cumulative Recoveries allocable to each Loan Group;
(xxvxxiv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest for each Class after giving effect to any distributions made thereon, on such Distribution Date;
(xxvixxv) 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
(xxviiixxvi) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates;
(xxvii) the amount of any Unpaid Interest Shortfall Amount;
(xxviii) the amount of the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and the Aggregate Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates;
(xxix) the Overcollateralized Amount for that Distribution Date;
(xxx) the Overcollateralization Target Amount for that Distribution Date;
(xxxi) the amount remitted by the Administrator to the Securities Administrator pursuant to the Yield Maintenance Allocation Agreement;
(xxxii) the payments, if any, made from the Yield Maintenance Account and the amount distributed to the LIBOR Certificates from such payments;
(xxxiii) the amount of any Class P Distributable Amount and Principal-Only Componentsthe amount of any Class ES Distributable Amount;
(xxxiv) the amount on deposit in the Prefunding Account in the aggregate and for each Loan Group (including a breakdown of amounts released during the prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in Available Funds on the Distribution Date in the month following the end of the Prefunding Period);
(xxxv) the amount of any payments made by the Basis Risk Cap Provider to the Basis Risk Cap Account pursuant to Section 5.13; and
(xxxvi) the aggregate Principal Balance and number of Subsequent Mortgage Loans purchased in the Prefunding Period. The Securities Administrator will 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 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 Initial Cut-Off off Date. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other 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 shall, upon written request, furnish to any 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 PersonPerson or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer 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 or any NIMS Insurer was a CertificateholderCertificateholder and such other customary information which a Certificateholder 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 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 2007-6), Pooling and Servicing Agreement (HarborView 2007-6)
Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, any NIMS Insurer, the Master Servicer and the each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer Servicer, the Swap Provider, the Basis Risk Cap Provider and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following information, in each case, with respect to 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[Reserved];
(iv) the aggregate amount of servicing compensation received by each Servicer during Servicing Fees, Subservicing Fees, Master Servicing Fees and Credit Risk Manager Fees for 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 returnsPeriod;
(v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved];
(vii) the Loan Group Balance for each Loan Group and related the Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period;
(vii) the Pool Balance, the Pool Collateral Balance and the Loan Group Balance for such Distribution Date;
(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 amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the One-Month LIBOR 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;
(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 maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date;
(xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related 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, using the OTS method;
(xiiixii) for each Loan Group, the book value (if available) 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;
(xivxiii) for each Loan Group, the aggregate amount of any Principal Prepayments, net Principal Prepayments or other unscheduled recoveries of principal with respect to each Loan Group made during the related Prepayment Period;
(xvxiv) for each Loan Group, 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 Componentsafter giving effect to any distributions made thereon, on such Distribution Date;
(xvixv) 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;
(xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related 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;
(xviiixvii) for each Class, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date;
(xviii) for each Loan Group, the related Available Funds;
(xix) the Available Funds with respect to for each Loan Group;
(xx) , the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date;
(xxixx) for each Loan Group, 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;
(xxiixxi) for each Loan Group, 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);
(xxiiixxii) current Recoveries allocable to each Loan Group;
(xxivxxiii) cumulative Recoveries allocable to each Loan Group;
(xxvxxiv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest for each Class after giving effect to any distributions made thereon, on such Distribution Date;
(xxvixxv) 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
(xxviiixxvi) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates Certificates;
(xxvii) the amount of any Unpaid Interest Shortfall Amount;
(xxviii) the amount of the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and Principal-Only Componentsthe Aggregate Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates;
(xxix) the Overcollateralized Amount for that Distribution Date;
(xxx) the Overcollateralization Target Amount for that Distribution Date;
(xxxi) the amount of any Class P Distributable Amount and the amount of any Class ES Distributable Amount;
(xxxii) the amount on deposit in the Prefunding Account in the aggregate and for each Loan Group (including a breakdown of amounts released during the prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in Available Funds on the Distribution Date in the month following the end of the Prefunding Period);
(xxxiii) the amount of any payments made by the Basis Risk Cap Provider to the Basis Risk Cap Account pursuant to Section 5.13;
(xxxiv) the aggregate Principal Balance and number of Subsequent Mortgage Loans purchased in the Prefunding Period; and
(xxxv) the amount of any Net Swap Payment to the Supplemental Interest Trust made pursuant to Section 5.10, any Net Swap Payment to the Swap Provider made pursuant to Section 5.10, any Swap Termination Payment to the Supplemental Interest Trust made pursuant to Sections 5.10 and any Swap Termination Payment to the Swap Provider made pursuant to Section 5.10. The Securities Administrator will 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 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 Initial Cut-Off off Date. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other 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 shall, upon written request, furnish to any 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 PersonPerson or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer 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 or any NIMS Insurer was a CertificateholderCertificateholder and such other customary information which a Certificateholder 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 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) In addition to the above, on each Distribution Date, the Servicers shall provide a monthly loan level data file, or the Securities Administrator shall make available on the Securities Administrator’s internet website a monthly loan level data file (based solely on information provided by the Servicers) containing data provided to the Securities Administrator by the Servicers, available to those who are permitted to access the website, including the Rating Agencies. Such data at a minimum shall contain the fields referenced in Exhibit Z.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (HarborView 2007-7), Pooling and Servicing Agreement (HarborView 2007-7)
Statements. (a) On each Distribution Date, the Securities Administrator 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 the Remittance Report 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 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 returnsPeriod;
(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, 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[Reserved];
(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 MTA 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)(i5.01(f)(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, with respect to the LIBOR Certificates;
(xxiv) the amount of compensation received by the Trustee during the related Due Period;
(xxv) the amount of compensation received by the Custodian during the related Due Period;
(xxvi) [Reserved];
(xxvii) 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) current Recoveries allocable to each Loan Group;
(xxx) cumulative Recoveries allocable to each Loan Group;
(xxxi) the amount of the Certificate Insurer Reimbursement Amount, if any; and
(xxxii) the Deficiency Amount, if any, to be paid by the Certificate Insurer. 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 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 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 (DSLA Mortgage Loan Trust 2004-Ar1), Pooling and Servicing Agreement (DSLA Mortgage Loan Trust 2004-Ar1)
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 the Remittance Report 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 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 returnsPeriod;
(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, 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[Reserved];
(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 MTA 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)(i5.01(f)(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, with respect to the LIBOR Certificates;
(xxiv) [reserved];
(xxv) [reserved];
(xxvi) [reserved];
(xxvii) 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) current Recoveries allocable to each Loan Group; and
(xxx) cumulative Recoveries allocable to each Loan Group. 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 (Greenwich Dsla Mortgage Loan Trust 2005-Ar1), Pooling and Servicing Agreement (DSLA Mortgage Loan Trust 2005-Ar4)
Statements. (a) On each Distribution Date, the Securities Administrator Trustee 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 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 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 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) 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 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 or any Originator during the related Due Period, and indicating the relevant section of this Agreement or the related Servicing Agreement, or the Section of this Purchase 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 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 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 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 2 contracts
Sources: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2005-5), Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)
Statements. (a) On each Distribution Date, the Securities Administrator 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 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 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) 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 Loans 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 ComponentsCertificates;
(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)[reserved];
(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 ComponentsCertificates;
(xxix) the amount of the Certificate Insurer Reimbursement Amount, if any; and
(xxx) the Deficiency Amount, if any, to be paid by the Certificate Insurer. 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 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 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, Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2005-11)
Statements. (a) On each Distribution Date, the Securities Administrator 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 the Remittance Report 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 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 returnsPeriod;
(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, 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[Reserved];
(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 MTA 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)(i5.01(f)(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, with respect to the LIBOR Certificates;
(xxiv) [reserved];
(xxv) [reserved];
(xxvi) [reserved];
(xxvii) 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) current Recoveries allocable to each Loan Group;
(xxx) cumulative Recoveries allocable to each Loan Group;
(xxxi) the amount of the Certificate Insurer Reimbursement Amount, if any; and
(xxxii) the Deficiency Amount, if any, to be paid by the Certificate Insurer. 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 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 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 (Dsla Mortgage Loan Trust 2005-Ar5)
Statements. (a) On each Distribution Date, the Securities Administrator Trustee shall make available to the Trustee, each Certificateholder, the Yield Maintenance Provider, the Seller, the Master Servicer any NIMS Insurer and the each 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. Information in the Distribution Date Statement relating to or based on amounts available in the Yield Maintenance Account shall be based on information provided by the Yield Maintenance Provider regarding any Yield Maintenance Distributable Amounts required to be paid by the Yield Maintenance Provider for the related Distribution Date pursuant to the Yield Maintenance Agreement. The Distribution Date Statement shall include the following information, in each case, with respect to 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[Reserved];
(iv) the aggregate amount of servicing compensation received by each Servicer during Servicing Fees and Credit Risk Manager Fees for 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 returnsPeriod;
(v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved];
(vii) the Loan Group Balance for each Loan Group and related the Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period;
(vii) the Pool Balance and the Loan Group Balance for such Distribution Date;
(viii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA Indexed Mortgage Loans and COFI 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 amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the One-Month LIBOR 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;
(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 maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date;
(xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related 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, using the OTS method;
(xiiixii) for each Loan Group, the book value (if available) 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;
(xivxiii) for each Loan Group, the aggregate amount of any Principal Prepayments, net Principal Prepayments or other unscheduled recoveries of principal with respect to each Loan Group made during the related Prepayment Period;
(xvxiv) for each Loan Group, 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 Componentsafter giving effect to any distributions made thereon, on such Distribution Date;
(xvixv) 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;
(xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related 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;
(xviiixvii) for each Class, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date;
(xviii) for each Loan Group, the related Available Funds;
(xix) the Available Funds with respect to for each Loan Group;
(xx) , the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date;
(xxixx) for each Loan Group, 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;
(xxiixxi) for each Loan Group, 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(d);
(xxiiixxii) current Recoveries allocable to each Loan Group;
(xxiv) cumulative Recoveries allocable to each Loan Group;
(xxvxxiii) the amount of any Basis Risk Shortfall, if any, and the related accrued interest for each Class after giving effect to any distributions made thereon, on such Distribution Date;
(xxvixxiv) 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
(xxviiixxv) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates Certificates
(xxvi) the amount of any Unpaid Interest Shortfall Amount;
(xxvii) the amount of the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and Principal-Only Components. The Securities Administrator will make the Distribution Date Statement (Aggregate Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, at its option, any additional files containing on 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 Final Maturity Reserve Termination Date, the Securities Administrator shall supply an electronic tape amount distributed from the Final Maturity Reserve Account 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.each Class of Certificates;
Appears in 1 contract
Sources: Pooling and Servicing Agreement (HarborView 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, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Swap Counterparties, 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;
(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 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 Pool Balance of the One-Year MTA Indexed Group I Mortgage Loans, the Group II Mortgage Loans and the Group III Mortgage Loans at the Close of Business at the end of the related Due Period;
(ixiv) 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 aggregate principal balance, 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;
(xiiv) 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 (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties;
(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;
(xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvvii) 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;
(xviviii) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each class of the Class A Certificates, each class of the Mezzanine Certificates, each class of the Class B Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date;
(xviiix) the Unpaid Interest Distributable Shortfall Amount, if any, with respect to each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of Class B Certificates for such Distribution Date;
(x) 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 3.25;
(xi) the Credit Enhancement Percentage for such Distribution Date;
(xii) the Available Funds Cap Carryforward Amount in respect for each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class of CertificatesB Certificates if any, for such Distribution Date and the respective portions thereof, if any, amount remaining unpaid following after reimbursements therefor on such Distribution Date;
(xiii) the distributions made in respect respective Pass-Through Rates applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and the Class B Certificates for such Distribution Date and the Pass-Through Rate applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class B Certificates for the immediately succeeding Distribution Date;
(xiv) the Supplemental Interest Payment for each Class on such Distribution Date;
(xv) the difference between (x) the sum of (i) aggregate notional amount of the Swap Agreements and (ii) the aggregate notional amount of the Cap Agreements and (y) the aggregate Certificate Principal Balance of the Underwritten Certificates on such Distribution Date;
(xviiixvi) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Required Overcollateralization Amount for such Distribution Date;; and
(xixxvii) the Available Funds with respect to each Loan Group;
(xx) the Pass-Through Rate for each Class of Certificates Excess Cashflow 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 Closing Date. The Trustee may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03.
(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 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 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) On each Distribution Date, Inc. the Trustee shall post on its website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇\absmbs, which posting shall be accessible to each Certificateholder and the Swap Counterparty, the statement prepared pursuant to paragraph (a) of this Section 4.03. Assistance in using the website can be obtained by calling the Trustee's customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Such parties that are unable to use the 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 Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee shall not have any responsibility to (i) verify information provided by the Servicer to be included in such statement or (ii) include any information required to be included in such statement if the Servicer has failed to timely produce such information to the Trustee, as required pursuant hereto.
(f) No later than noon on the second Business Day prior to each Distribution Date, the Trustee will verify that no Notional Amount Test Event is scheduled to occur on the related Distribution Date. In the event a Notional Amount Test Event would otherwise occur on the related Distribution Date, the Trustee will immediately provide notice in the form of Exhibit J to the appropriate NovaStar entity and assign in $10,000,000 increments a portion of the related notional amount from the affected Swap Agreement on the day immediately preceding that Distribution Date until no Notional Amount Test Event will occur on the related Distribution Date. The Trustee shall assign the applicable notional amount from the Swap Agreement with the earliest maturity. In the event that two or more Swap Agreements have the same maturity date, which date is the earliest maturity date of the outstanding Swap Agreements, the Trustee shall assign the applicable notional amounts from the Swap Agreement(s) on a monthly pro rata basis. Once such notional amounts have been assigned back to the appropriate NovaStar entity, and the related Swap Counterparty will have no obligation to, nor interest in, the Trust with respect to such notional amounts. Furthermore, no distributions will be made from the Supplemental Interest Trust I to the related Swap Counterparty in respect of notional amounts assigned under this Section 4.03 (f). In no event shall supply an electronic tape the Trustee allow a Notional Amount Test Event to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions occur on a monthly basisany Distribution Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Novastar Home Equity Loan Asset Backed Cert Series 2003-3)
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 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 ▇▇▇.▇▇▇▇▇▇.▇▇▇/▇▇▇, 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 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 and the amount of unreimbursed AdvancesCollection Period;
(vi) [reserved];
(vii) the Pool Balance and the Loan 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) separately stated 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) separately stated for each Loan Group, 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 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. past due on a monthly contractual 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 (Merrill Lynch Mortgage Investors Inc C-Bass 2004-Cb6 Trust)
Statements. (a) On each Distribution Date, the Securities Administrator 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 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 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) 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 Loans 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 ComponentsCertificates;
(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)(i5.01(f)(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; and
(xxxi) The amount of any Class 1-P Distributable Amount, Class 2-P Distributable Amount, Class 3-P Distributable Amount, Class 3-XB Distributable Amount and Principal-Only ComponentsClass ES Distributable Amount. 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 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 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 (HarborView Mortgage Loan Trust 2005-15)
Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, any NIMS Insurer, the Master Servicer and the each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer Servicer, the Swap Provider, the Basis Risk Cap Provider and the Servicers Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following information, in each case, with respect to 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[Reserved];
(iv) the aggregate amount of servicing compensation received by each Servicer during Servicing Fees, Master Servicing Fees and Credit Risk Manager Fees for 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 returnsPeriod;
(v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved]the Pool Balance and the Pool Collateral Balance for such 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 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;
(ixviii) for each Loan Groupthe amount of fees, expenses or indemnification amounts paid by the aggregate Principal Balance Trust Fund with an identification of the One-Month LIBOR 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;
(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, weighted average remaining term to maturity maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date;
(xiix) the number and aggregate unpaid principal balance of the related 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, using the OTS method;
(xiiixi) the book value (if available) 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;
(xivxii) the aggregate amount of any Principal Prepayments, net Principal Prepayments with respect to each Loan Group or other unscheduled recoveries of principal made during the related Prepayment Period;
(xvxiii) 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 Componentsafter giving effect to any distributions made thereon, on such Distribution Date;
(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 after giving effect to any distributions made thereon, on such Distribution Date;
(xviixv) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related 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;
(xviiixvi) for each Class, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date;
(xixxvii) the Available Funds with respect to each Loan GroupFunds;
(xxxviii) the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date;
(xxixix) 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;
(xx) [Reserved];
(xxi) current Recoveries;
(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)cumulative Recoveries;
(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 for each Class after giving effect to any distributions made thereon, on such Distribution Date;
(xxvixxiv) 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
(xxviiixxv) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates Certificates;
(xxvi) the amount of any Unpaid Interest Shortfall Amount;
(xxvii) the Overcollateralized Amount for that Distribution Date;
(xxviii) the Overcollateralization Target Amount for that Distribution Date;
(xxix) the amount of any Class P Distributable Amount;
(xxx) the amount on deposit in the Prefunding Account (including a breakdown of amounts released during the prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in Available Funds on the Distribution Date in the month following the end of the Prefunding Period);
(xxxi) the amount of any payments made by the Basis Risk Cap Provider to the Basis Risk Cap Account pursuant to Section 5.13;
(xxxii) the aggregate Principal Balance and Principal-Only Componentsnumber of Subsequent Mortgage Loans purchased in the Prefunding Period; and
(xxxiii) the amount of any Net Swap Payment to the Supplemental Interest Trust made pursuant to Section 5.10, any Net Swap Payment to the Swap Provider made pursuant to Section 5.10, any Swap Termination Payment to the Supplemental Interest Trust made pursuant to Sections 5.10 and any Swap Termination Payment to the Swap Provider made pursuant to Section 5.10. The Securities Administrator will 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 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 (▇▇▇) ▇▇▇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 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 Initial Cut-Off off Date. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other 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 shall, upon written request, furnish to any 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 PersonPerson or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer 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 or any NIMS Insurer was a CertificateholderCertificateholder and such other customary information which a Certificateholder 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 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 (HarborView 2007-5)
Statements. (a) On Based solely upon the information provided to it by the Servicers pursuant to Section 7.08(d) hereof, not later than each Distribution Date, the Securities Administrator Trustee shall make available on its website initially located at www.jpmorgan.com/sfr to the TrusteeDeposito▇, each Certificateholder▇▇▇▇ ▇▇▇▇▇, the Seller, the Master Servicer Servicers and the Rating Agency, Agencies a statement based, as applicable, on loan-level information obtained from setting forth the Master Servicer and the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Datefollowing information:
(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, on deposit 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, Account on such Distribution Date;
(xviiii) the Accrued Certificate Interest, Unpaid Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereofAmount, 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 Basis Risk Carry Forward Amount, if any, and the Unpaid Interest Shortfall Amount for such Principal Distribution Date;
(xix) the Available Funds Amount, with respect to each Loan GroupClass individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class M Certificates in the aggregate and all Classes of Class B Certificates in the aggregate;
(xxiii) the Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and LIBOR applicable to the Certificates with respect to such Distribution Date;
(iv) reserved;
(v) the Certificate Balance of the Class A-1 Certificates and each Class of Class M Certificates and Class B Certificates, the aggregate amount of the interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the remaining Certificate Balance of each Class of Offered Certificates following any such payment;
(vi) the amount, if any, of any Realized Losses for the related Due Period in the aggregate, the amount of Applied Realized Loss Amounts to each Class of Offered Certificates on such Distribution Date and the amount of Cumulative Realized Losses as of the last day of the related Due Period;
(vii) reserved;
(viii) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the original principal amount of $1,000);
(ix) the amount of such distribution allocable to principal of the Mortgage Loans, separately identifying the aggregate amount of any Principal Prepayments, Loan Purchase Price amounts or other recoveries of principal included therein;
(x) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000);
(xi) the principal amount, if any, of each Class of the Offered Certificates (based on a Certificate in the original principal amount of $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date;
(xii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Due Period;
(xiii) based upon information furnished by the Depositor such information as may be required by Section 6049(d)(7)(C) of the Code to assist the Certificateholders in computing their market discount;
(xiv) the weighted average interest rate of the Mortgage Loans;
(xv) the weighted average remaining term of the Mortgage Loans;
(xvi) the number and principal amounts of the Mortgage Loans that were 60 days or more Delinquent for each of the preceding three months as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date;
(xvii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent;
(xviii) the Principal Balance of the largest Mortgage Loans outstanding;
(xix) the number, aggregate Principal Balances and percentage of Mortgage Loans that are: (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date and the aggregate number and aggregate Principal Balance of such Mortgage Loans;
(xx) (a) the status, the number, and the Principal Balances of all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month preceding such Distribution Date (b) the percentage of Mortgage Loans in foreclosure that are Foreclosure Restricted Mortgage Loans, (c) the percentage of REO Property acquired by the Trust in respect of Foreclosure Restricted Mortgage Loans as of the close of business on the last Business Day of the calendar month preceding such Distribution Date and (d) the number and the Principal Balances of all Mortgage Loans that are Foreclosure Restricted Mortgage Loans as of the close of business on the last Business Day of the calendar month preceding such Distribution Date;
(xxi) the aggregate number of Mortgagors and the Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section Balances of the related Servicing AgreementMortgages for all Bankruptcy Loans and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or the Section of this Agreementmore days Delinquent, as applicable, requiring or allowing of the purchase close of each business on the last Business Day of the calendar month next preceding such Mortgage LoanDistribution Date;
(xxii) the amount number of any Mortgagors and the Principal Deficiency Amounts Balances of the related Mortgages for all Mortgage Loans involved in foreclosure proceedings and whether such Mortgage Loans are (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and (C) 90-119 days Delinquent, (D) 120-149 days Delinquent, (E) 150-179 days Delinquent and (F) 180 or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date;
(xxiii) current Recoveries allocable the existence and status of any Mortgaged Properties for all Mortgage Loans as to each Loan Groupwhich title has been taken in the name of, or on behalf of the Trustee, as of the close of business of the last Business Day of the month next preceding the Distribution Date;
(xxiv) cumulative Recoveries allocable to each Loan Groupthe book value of any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure for all Mortgage Loans as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date;
(xxv) the amount number of any Basis Risk Shortfall, if any, and the related accrued interest thereonMortgage Loans;
(xxvi) for each Loan Group, identifying the aggregate amount received from:
a. Curtailments;
b. voluntary payoffs;
c. Involuntary Payoffs (the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan GroupLiquidation Proceeds applicable to the unpaid principal balance from the loan); and
d. Mortgage Loans purchased from the Trust; as of the close of business on the last Business Day of the related Due Period;
(xxvii) payments made under the Yield Maintenance Agreements, if any; andnumber and Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the close of business on the last Business Day of the calendar month next preceding the Distribution Date;
(xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component number and 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 Mortgage Loans 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 being contested because of information furnished pursuant to subclauses (i) and (ii) above, the amounts shall be expressed in a separate section Section 32 of the report as a dollar Truth in Lending Act;
(xxix) the amount for each Class for each $1,000 original dollar amount of current and cumulative Realized Losses (separately identifying principal and interest losses) from following resolution types:
a. REO Property sold;
b. short sale;
c. deed in lieu;
d. no equity second mortgages; and
e. other; as of the Cut-Off Dateclose of business on the last Business Day of the related Due Period;
(xxx) the number and Pool Balance with respect to each product type of all Mortgage Loans that are Bankruptcy Loans, separately identifying:
a. those Bankruptcy Loans that are currently meeting their payment plan;
b. those Bankruptcy Loans that are 1 to 2 payments behind their payment plan;
c. those Bankruptcy Loans that are 2 to 3 payments behind their payment plan;
d. those Bankruptcy Loans that are greater than 3 payments behind their payment plan;
e. those Bankruptcy Loans that are greater than 4 payments behind their payments; and
f. those Bankruptcy Loans that are greater than 5 payments behind their payments;
(xxxi) the calculations and results of calculations of each Stepdown Date test performed;
(xxxii) the number and Principal Balance of each Mortgage Loan purchased pursuant to Section 8.21; and
(xxxiii) any other information that the Depositor, the Trustee or the relevant Servicer deems necessary.
(b) Within a reasonable period of time after The Trustee shall report to the end of Depositor and each calendar yearCertificateholder, with respect to the Securities Administrator shall, upon written request, furnish to each Person who at any time during amount on deposit in 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 Certificate Account and 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 identity of the Securities Administrator shall be deemed to have been satisfied to investments included therein, as 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 Depositor may from time to timetime reasonably request. Without limiting the generality of the foregoing, the Trustee shall, at the request of the Depositor transmit promptly to the Depositor copies of all accounting of receipts in respect of the Mortgage Loans furnished to it by each Servicer and shall notify the Depositor if any Remittance Amount has not been received by the Trustee when due.
(c) On The Trustee shall report to the Depositor and each Distribution Date, Certificateholder with respect to any written notices it may from time to time receive which provide an Authorized Officer with actual knowledge that certain of the Securities Administrator statements set forth in this Agreement are inaccurate.
(d) The related Servicer shall supply an electronic tape furnish to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basisthe Trustee, and each Owner of any Class X Certificate, in each case during the term of this Agreement, (i) such information with respect to the Mortgage Loans serviced by such Servicer as is necessary to prepare its report provided for in Section 7.08 and (ii) periodic, special or other reports or information not specifically provided for herein, as may be necessary, reasonable, or appropriate with respect to the Trustee 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 as the Trustee may reasonably require; provided, that each such Servicer shall supply an electronic tape be entitled to Loan Performance be reimbursed by the requesting party for the fees and Intex Solutions actual expenses associated with providing the reports described in clause (ii), if such reports are not generally produced in the ordinary course of business, provided that any reports requested by the Trustee (other than at the request of a format acceptable third party who shall be responsible for such fees and expenses) shall be reimbursed by the Trust as Trust Expenses. The Trustee's responsibility for providing the report described in Section 7.08 shall be limited to Loan Performance the availability, timeliness and Intex Solutions on a monthly basisaccuracy of the information provided therefor by the relevant Servicer.
Appears in 1 contract
Sources: Trust and Servicing Agreement (Gs Mortgage Securities Corp)
Statements. (a) On each Distribution Each month, not later than 12:00 noon New York time on the Determination Date, the Securities Trust Administrator shall make available deliver to the Indenture Trustee, each Certificateholderby telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the Sellerreceipt and legibility of which shall be confirmed telephonically, with hard copy thereof to be delivered on the Business Day following the Determination Date, a certificate signed by an officer of the Trust Administrator (a "Trust Administrator's Certificate") stating the date (day, month and year), the Master Servicer Series number of the Notes, the date of this Agreement, 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 Datefollowing:
(i) the amount of Pool Available Remittance Amounts for each Pool for the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principalrelated Remittance Date;
(ii) the amount of the distribution made on such Distribution Date to the Holders of Class Principal Balances for each Class of Certificates allocable Pool I and Pool II Notes as reported in the prior Trust Administrator's Certificate pursuant to interestsubclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Pool I and Pool II Notes;
(iii) the Senior PercentagePool Principal Distribution Amounts for each Pool for the related Remittance Date, Senior Prepayment Percentage, Subordinate Percentage in the aggregate and Subordinate Prepayment Percentage with respect listed separately for the portions relating to each Loan Group for the following Distribution DateClass of Pool I and Pool II Notes;
(iv) the aggregate amount of servicing compensation received any Letter of Credit Payments in the aggregate and listed separately 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 returnsPool;
(v) the aggregate amount Current Interest Requirements for each Class of Advances Notes for the related Due Period and the amount of unreimbursed AdvancesRemittance Date;
(vi) [reserved]the number and Principal Balances of all Loans in each Pool which were the subject of Principal Prepayments during the Due Period;
(vii) the Loan Group Balance and related Net WAC and Net WAC Cap amount of all Curtailments which were received during the Due Period, stated separately for each Loan Group at the Close of Business at the end of the related Due PeriodPool;
(viii) the aggregate amount of all Excess Payments and the amounts of Monthly Payments in respect of principal received during the Due Period, stated separately 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 PeriodPool;
(ix) the amount of interest received on the Mortgage Loans, stated separately 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 PeriodPool;
(x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Accounts pursuant to Section 7.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date, in each case stated separately 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 PeriodPool;
(xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit L, stated separately 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 DatePool;
(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 amount 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 Period, stated separately for each Pool;
(xiii) the cumulative amount of Realized Losses and the amount of Realized LossesInterest Shortfall Carryforward Amounts, if any, allocated for each Class of Notes for such Remittance Date;
(xiv) the Reimbursable Amounts and the amounts transferred to the Owner Trustee for deposit into the Certificate Distribution Account and distribution to each Class of Certificates or Principal-Only Componentswith respect to the Remittance Date;
(xv) the Class Principal Balance for each Class of Notes and the Pool Principal Balance for each Pool after giving effect to the distribution to be made on the Remittance Date and after allocation of Applied Realized Loss Amounts made on such Remittance Date;
(xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of Excess Spread (in the aggregate and stated separately for each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution DatePool);
(xvii) the Interest Distributable Spread Amount in respect of each Class of Certificates, and the Specified Subordinated Amount for such Distribution Date and the respective portions thereofRemittance Date, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Datestated separately by Pool;
(xviii) the aggregate amount of any Net Interest Shortfalls Applied Realized Loss Amount, Realized Loss Amount and the Unpaid Interest Shortfall Realized Loss Amount for such Distribution Dateeach Class;
(xix) amounts to be deposited to the Available Funds with respect to Expense Accounts, stated separately for each Loan GroupPool;
(xx) the Pass-Through Rate for amount of all payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f), stated separately with respect to each Class of Certificates for such Distribution DatePool;
(xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by Class Pool Factor for each Class determined using 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 Loanbalances in subclause (xv) above;
(xxii) the amount weighted average Loan Interest Rate of any Principal Deficiency Amounts or Accrued the Loans for each Pool and the Weighted Average Class Adjusted Loan Remittance Rates for each Pool, in each case for the related Remittance Date, and the weighted average Loan Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Rate for the prior three month period;
(xxiii) current Recoveries allocable the Class Remittance Rate for each Class of Notes with respect to each Loan Groupthe Remittance Date and if the Class Remittance Rate for any Class of Notes was based on the applicable Net Funds Cap, what it would have been if based on LIBOR plus the applicable Margin or the Auction Rate, as the case may be;
(xxiv) cumulative Recoveries allocable the rate of LIBOR and the Auction Rate with respect to each Loan Groupthe Remittance Date;
(xxv) if the amount Remittance Rate for any Class of any Basis Risk ShortfallNotes for such Remittance Date is based on the applicable Net Funds Cap, if anythe Net Funds Cap and, and for Pool I, the related accrued interest thereonWeighted Average Coupon Cap, for such Class of Notes with respect to the Remittance Date;
(xxvi) if the Remittance Rate for each Loan Groupany Class of Notes for such Remittance Date is based on the applicable Net Funds Cap, the amount of Deferred any Noteholders' Interest and Net Deferred InterestCarryover for such Class for such Remittance Date;
(xxvii) the amount of the distribution, if any, allocable to Noteholders' Interest Carryover and the amount of any Noteholders' Interest Carryover for all prior Remittance Dates after giving effect to such Loan Group; and
distribution (xxvii) payments made under in each case, stated separately by Class and in the Yield Maintenance Agreements, if any; andaggregate);
(xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component number and Principal Balance of all Defaulted Loans purchased during the related Certificates and Principal-Only ComponentsDue Period, stated separately for each Pool; and
(xxix) such other information as the Indenture Trustee may reasonably require. The Securities Administrator will make Indenture Trustee shall forward such report to the Distribution Date Statement (and, at its option, any additional files containing Noteholders of the same information in an alternative format) available each month to Certificateholders applicable Pool and the other parties Owner Trustee on the Remittance Date, together, if requested by a Noteholder, with a separate report indicating the amount of funds deposited in each Note Distribution Account pursuant to this Agreement via Section 7.01(a)(iv); and the Securities amounts which are reimbursable to the Servicer (all reports prepared by the Indenture Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Indenture Trustee by the Servicer or the Trust Administrator’s internet website). The Securities To the extent that there are inconsistencies between the telecopy of the Trust Administrator’s internet website 's Certificate and the hard copy thereof, the Indenture Trustee 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 rely upon 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 changetelecopy. In the discretion of the Trust Administrator, in the case of certain information furnished pursuant to subclauses (i) and (ii) abovethe above provisions, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each per $1,000 25,000 original dollar amount as of the Cut-Off Date. Each month, not later than the third Business Day prior to the Determination Date occurring in such month, the Servicer shall deliver to the Trust Administrator the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit R (both in hard copy and in computer tape form). The Trust Administrator may rely fully upon and shall have no liability with respect to any such information provided to it by the Servicer. The Trust Administrator shall not be obligated to verify, recompute, reconcile or confirm any information contained in the Servicer's Monthly Computer Tape or otherwise provided by the Servicer. In making any payments or distributions required to be made by them pursuant to any of the provisions hereof, the Indenture Trustee shall make such payments and distributions based solely upon the information contained in the applicable Trust Administrator's Certificate or, if such information is not included in the applicable Trust Administrator's Certificate, upon written instructions of the Servicer or the Trust Administrator. The Indenture Trustee may rely fully upon and shall have no liability with respect to any such information provided to it by the Servicer or the Trust Administrator. The Indenture Trustee shall not be obligated to verify, recompute, reconcile or confirm any information contained in any Trust Administrator's Certificate or otherwise provided by the Trust Administrator or the Servicer.
(ba) Within a reasonable period of time after the end of each calendar year, the Securities Trust Administrator shall, upon written request, shall furnish to the Indenture Trustee for distribution to each Person who at any time during the calendar year was a Certificateholder Noteholder of a Regular Certificate, if requested in writing by the applicable Pool the amount of interest and principal distributed with respect to each Class of Notes plus such Person, such other customary information as is reasonably the Trust Administrator determines to be necessary and/or required by the Internal Revenue Service to provide enable the Noteholders to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated prepare their tax returns for such calendar year or applicable portion thereof during which such Person was a Certificateholderyear. 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 provided by the Securities Trust Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to timetime are in force.
(b) On each Remittance Date, the Indenture Trustee shall forward to the Owner Trustee, for distribution to the Certificateholders, a copy of the report forwarded to the Noteholders of each Pool in respect of such Remittance Date, as the case may be, and a statement, prepared by the Servicer or the Trust Administrator, setting forth the amounts actually distributed to the Certificateholders on such Remittance Date together with such other information as the Servicer or Trust Administrator provides and deems necessary or appropriate.
(c) On Within a reasonable period of time after the end of each Distribution Datecalendar year, the Securities Trust Administrator shall supply an electronic tape furnish to Bloomberg Financial Marketsthe Indenture Trustee, Inc. with a copy to the Owner Trustee for distribution to each Person who at any time during the calendar year was a Certificateholder 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 Certificateholder, as applicable. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time in force.
(d) Upon reasonable advance notice in writing, the Servicer will provide to each Noteholder which is a format acceptable savings and loan association, bank or insurance company certain reports and access to Bloomberg Financial Marketsinformation and documentation regarding the Loans sufficient to permit such Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Notes.
(e) The Servicer shall furnish to each Noteholder during the term of this Agreement, Inc. on a monthly basissuch periodic, special, or other reports or information, whether or not provided for herein, as shall be necessary, reasonable, or appropriate with respect to the Noteholder, 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 as the Noteholder may reasonably require; provided, that the Servicer shall supply an electronic tape be entitled to Loan Performance and Intex Solutions be reimbursed by such Noteholder for the Servicer's actual expenses incurred in a format acceptable to Loan Performance and Intex Solutions on a monthly basisproviding such reports if such reports are not producible in the ordinary course of the Servicer's business.
Appears in 1 contract
Sources: Sale and Servicing Agreement (Money Store Commercial Mortgage Inc)
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 Remittance Report, the Trustee shall prepare and forward by mail 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 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 for the related Due Period and the amount of unreimbursed AdvancesCollection Period;
(vi) [reserved];
(vii) the Pool Balance and the Loan 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) separately stated 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) separately stated for each Loan Group, 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) separately stated for each Loan Group, 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) separately stated for each Loan Group, 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) 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 BB Certificates and the Class X Certificates;
(xiii) 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 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 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;
(xviiixvi) the aggregate amount of any Net Prepayment Interest Shortfalls and for such Distribution Date, to the Unpaid Interest Shortfall extent not covered by payments by the Servicer pursuant to Section 3.23;
(xvii) [Reserved];
(xviii) [Reserved];
(xix) the amount of the Trustee Fee paid;
(xx) the LIBOR Carryover Amount for the Class A-1A Certificates after giving effect to distributions thereof on such Distribution Date;
(xixxxi) 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 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 repurchased by the Seller during the related Certificates and Principal-Only ComponentsCollection Period in connection with Section 3.16. The Securities Administrator Trustee shall forward such report concurrently with each distribution to the Certificateholders, the Rating Agencies, Bloomberg (at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, Attention: ▇▇▇▇ ▇▇▇▇▇▇) and Intex Solutions (at ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Attention: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇) on the related Distribution Date. The Trustee will also make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) such reports available each month to Certificateholders and the other parties to this Agreement via the Securities Administrator’s internet Trustee's website. The Securities Administrator’s internet Trustee's website shall initially can be located accessed at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (/▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable ▇ or at such other site as the Trustee may designate from time 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 suchtime. The Securities Administrator Trustee may fully rely upon and 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 (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 (Asset Backed Funding Corp)
Statements. (a) On Two Business Days prior to each Distribution Date, the Securities Administrator shall make available to the TrusteeSecurities Administrator, and concurrently with each distribution to Certificateholders, the Certificate Insurer, the Credit Risk Manager, the Securities Administrator shall make available to each Certificateholder, 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, no later than the third Business Day prior to the related Distribution Date, (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following:
(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[Reserved];
(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 Securities 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 each Loan Group for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved];
(vii) the Loan Group Balance and for each Loan Group, the related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period;
(vii) [Reserved];
(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 amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the One-Month LIBOR 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;
(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 maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date;
(xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related 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;
(xiiixii) for each Loan Group, 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;
(xivxiii) for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvxiv) for each Loan Group, 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 ComponentsCertificates;
(xvixv) 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;
(xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related 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;
(xviiixvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date;
(xixxviii) the Available Funds with respect to for each Loan Group, the related Available Funds;
(xxxix) for each Loan Group, the Pass-Through Rate and Adjusted Cap Rate for each Class of Certificates for such Distribution Date;
(xxixx) for each Loan Group, 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 Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;
(xxi) [reserved];
(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)for each Loan Group, current Recoveries allocable thereto;
(xxiii) current Recoveries allocable to for each Loan Group, cumulative Recoveries allocable thereto;
(xxiv) cumulative Recoveries allocable to for each Loan Group;
(xxv) , the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon;
(xxvixxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and;
(xxvi) the amount of the Certificate Insurer Reimbursement Amount, if any;
(xxvii) payments made under the Yield Maintenance AgreementsDeficiency Amount, if any; and, to be paid by the Certificate Insurer;
(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 Overcollateralization Amount for that Distribution Date;
(xxx) the Overcollateralization Target Amount for that Distribution Date;
(xxxi) for each Loan Group, the aggregate minimum amount of payments required to be made in respect of interest and Principal-Only Componentsprincipal on the Mortgage Loans;
(xxxii) the number of Mortgage Loans and the aggregate Stated Principal Balance of Mortgage Loans that have negative amortization; and
(xxxiii) The amount of any Class P Distributable Amount. The Securities Administrator will 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 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. In addition to the information listed above, such Distribution Date Statement shall also include 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 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 CertificateholderCertificateholder and such other customary information which a Certificateholder 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 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 (Dsla Mortgage Loan Trust 2006-Ar1)
Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the SellerCertificate Insurer, the Master Servicer Sponsor, and the each 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 the Servicers and 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 returnsPeriod;
(v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved]the Pool 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) for each Loan Group, the aggregate Principal Balance of the One-Month LIBOR COFI 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, in each case, using the MBA method;
(xiii) the book value (if available) 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 ComponentsCertificates;
(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 GroupFunds;
(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 Sponsor or an Originator, as applicable, 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) current Recoveries allocable to 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)Mortgage Loans;
(xxiii) current cumulative Recoveries allocable to each Loan Groupthe Mortgage Loans;
(xxiv) cumulative Recoveries allocable to each Loan Group;
(xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon;
(xxvixxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; andthe Mortgage Loans;
(xxvii) payments made under the Yield Maintenance Agreements, if any; and
(xxviiixxvi) 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 ComponentsCertificates;
(xxvii) the amount of the Certificate Insurer Reimbursement Amount, if any; and
(xxviii) the Deficiency Amount, if any, to be paid by the Certificate Insurer. The Securities Administrator will 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 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 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 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 ), (iiiii) and (xxiiv) above, aggregated for such calendar year or applicable portion thereof during which such Person was a CertificateholderCertificateholder and such other customary information which a Certificateholder 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 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 (Luminent Mortgage Trust 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 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 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 One-Month LIBOR Indexed, Six-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;
(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)(i5.01(f)(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, with respect to the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan GroupLIBOR Certificates; and
(xxviixxvi) payments made under the Yield Maintenance AgreementsAgreement, 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 (Harbor View Mortgage Loan Trust 2005-14)
Statements. (a) On Concurrently with each Distribution Datedistribution to Certificateholders, the Securities Administrator shall make available to the Trustee, each Certificateholder, 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 (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following:
(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) [reserved];
(v) 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 returnsPeriod;
(vvi) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved]Advances as reported by each Servicer;
(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-Month LIBOR Indexed, Six-Month LIBOR Indexed, One-Year LIBOR Indexed and One-Year MTA 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 amount of the One-Month LIBOR Indexed Mortgage Loans at Master Servicer Fees paid to or retained by 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 PeriodMaster Servicer;
(xi) the aggregate amount of Servicing Fees paid to or retained by the Servicers;
(xii) to the extent that such amounts are paid out of the Distribution Account, the amount of fees, expenses or indemnification amounts paid by the Trust with an identification of the general purpose of such amounts and the party receiving such amounts;
(xiii) for each Loan Group, the number, weighted average remaining term to maturity maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date;
(xiixiv) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each 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;
(xiiixv) 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 delinquency rate for that Distribution Date, and, cumulatively, ;
(xvi) 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;
(xivxvii) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period;
(xvxviii) the aggregate amount of Realized Losses for each Loan Group and Recoveries incurred during the related Due Period and the cumulative amount of Realized Losses and Recoveries as of such Distribution Date;
(xix) the cumulative amount of Realized LossesLosses for each Loan Group;
(xx) the Realized Losses and Recoveries, if any, allocated to each Class of Certificates or Principal-Only Componentson the related Distribution Date;
(xvixxi) 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;
(xviixxii) 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;
(xviiixxiii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date;
(xixxxiv) the Available Funds with respect to each Loan Group;
(xxxxv) the Pass-Through Rate for each Class of Certificates for such Distribution Date;
(xxixxvi) 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;
(xxiixxvii) 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);
(xxiiixxviii) current Recoveries allocable to the total number of Mortgage Loans in the aggregate and the aggregate Stated Principal Balance for the Group [ ] Mortgage Loans (also separately stating such information for the [Adjustable Rate Mortgage Loans, the Three-Year Hybrid Mortgage Loans and the Five-Year Hybrid Mortgage Loans]) [(also stating separately such information for Negative Amortization Loans)], in each Loan Groupcase at the close of business at the end of the related Due Period;
(xxivxxix) cumulative Recoveries allocable with respect to each Loan Group;
(xxv) the Group [ ] Mortgage Loans, 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) and the amount of any Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the Group [ ] Certificates; and
(xxx) [with respect to Mortgage Loans serviced by [ ], but only if such Mortgage Loans were subject to a modification of terms made during the related Certificates Due Period as part of a loss mitigation strategy, the following items:
(b) the percentage (by outstanding Principal Balance) and Principalthe number of Mortgage Loans that were modified in the related Due Period;
(c) the cumulative percentage (by Cut-Only Components. Off Date Principal Balance) of modified mortgage loans;
(d) the amount of principal forgiven with respect to modified Mortgage Loans for the related Due Period;
(e) the cumulative amount of principal forgiven with respect to modified Mortgage Loans from the Closing Date;
(f) the percentage (by outstanding Principal Balance) of modified Mortgage Loans that are included in the delinquency trigger calculation for purposes of the Step Down Conditions, the Two Times Test, the Group [ ] Step Down Conditions and the Group [ ] Two Times Test;
(g) the delinquency status of the modified Mortgage Loans both pre- and post- modification;
(h) the number of times the Mortgage Loan has been subject to modification;
(i) the effective date of the modification;
(j) the number of modifications made to Mortgage Loans in the last twelve months;
(k) the percentage (by outstanding Principal Balance) of modified Mortgage Loans that are current or delinquent in payment and the delinquency status of the modified Mortgage Loans from the Closing Date; and
(l) the Loan Rate of the modified Mortgage Loans pre- and post- modification.] 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.
(bm) 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 ), (iiiii) and (xxiiv) above, aggregated for such calendar year or applicable portion thereof during which such Person was a CertificateholderCertificateholder and such other customary information which a Certificateholder 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 pursuant to any requirements of the Code as are in force from time to time.
(cn) 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 (Thornburg Mortgage Securities 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 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 ▇▇▇.▇▇▇▇▇▇.▇▇▇/▇▇▇, 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, separately identified;
(ii) the applicable Record Date, accrual date and Determination Date;
(iii) 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;
(iiiiv) 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;
(ivv) 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;
(vvi) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved]Collection Period;
(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;
(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 Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date;
(xiiix) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (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 bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x) 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;
(xiiixi) 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;
(xivxii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period; 101
(xiii) 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 P Certificates;
(xvxiv) the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and Losses;
(xv) any material modifications, extensions or waivers to the amount terms, fees, penalties or payments of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsthe related Mortgage Loans;
(xvi) 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;
(xvii) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificatesthe Class A, Class M and Class B Certificates for such Distribution Date Date, separately identifying the portions thereof attributable to Net WAC Carryover Amounts, 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) the amount of any Net Swap Payments or Swap Termination Payments paid or received by the Supplemental Interest Trust pursuant to the Swap Agreement and the Unpaid amount of any Defaulted Swap Termination Payments paid by the Supplemental Interest Shortfall Amount for Trust;
(xx) [Reserved];
(xxi) the amount of the Trustee Fee paid;
(xxii) the Net WAC Carryover Amounts distributed 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) 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
(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 (C-Bass Mortgage Loan Asset-Backed Series 2006-Cb4)
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 the Certificates allocable to principal;
(ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of the 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 Datereserved;
(iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Remittance Period (separately identifying Servicing Fees and other servicing compensation) and such other customary information as the Trustee reasonably 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 AdvancesRemittance Period;
(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 Remittance 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, in the aggregate and for each Loan Group, Loans (a) that were (A) 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 preceding 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, and (b) the related Mortgaged Properties of which are REO Properties;
(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 preceding Due Prepayment Period;
(xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvxi) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses;
(xii) 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 Certificate Principal Balance of each Class of Regular Certificates after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date separately identifying any reduction thereof due to allocations of Realized Losses (in the case of the Subordinated Certificates and the Class C Certificates);
(xiv) the Certificate Factor for each Class of the Regular Certificates applicable to such Distribution Date;
(xv) the Accrued Certificate Interest for the Class A Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and Unpaid Interest Shortfall Amount, if any, allocated with respect to each the Class of A Certificates or Principal-Only Componentsand the Subordinated 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 aggregate amount of any Relief Act Interest Distributable Amount in respect of each Class of Certificates, Shortfalls 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 Overcollateralized Amount and the Unpaid Interest Shortfall Excess Overcollateralization 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 Credit Enhancement Percentage for such Distribution Date;
(xx) the Net WAC Rate Carryover Amount for the Class A Certificates and the Subordinated Certificates, if any, for such Distribution Date and the amount remaining unpaid after payments from the Excess Reserve Fund Account are made pursuant to Section 4.01(e);
(xxi) when the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, Stepdown Date has occurred 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 Loanwhen a Trigger Event is in effect;
(xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid deposits to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)and withdrawals from the Excess Reserve Fund Account on such Distribution Date;
(xxiii) current Recoveries allocable to each Loan Groupthe Available Funds for such Distribution Date;
(xxiv) cumulative Recoveries allocable the respective Pass-Through Rates applicable to each Loan Groupthe Class A Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and the respective Pass-Through Rates applicable to the Class A Certificates and the Subordinated Certificates for the immediately succeeding Distribution Date;
(xxv) the amount aggregate Notional Amount of any Basis Risk Shortfallthe Class C Certificates, if any, and in each case after giving effect the related accrued interest thereonreductions thereof to occur on such Distribution Date;
(xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, the Reimbursement Amount for such Loan Group; andDistribution Date and the amount received by the Certificate Insurer in respect thereof on such Distribution Date;
(xxvii) payments made under the Yield Maintenance Agreements, if anyreserved; and
(xxviii) the amount of Net Deferred Interest, if any, added to due under the Class Certificate Principal Balance or Component Principal Balance of Corridor Agreements and the amounts received under the related Certificates and Principal-Only ComponentsCorridor 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 Servicer, the Trustee, the Certificate 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 (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 hypothetical Certificate having an initial Certificate Principal Balance or Notional Amount (in the case of the Cut-Off DateClass C Certificates) equal to $1,000.
(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 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. 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 and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. The Trustee shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Certificateholder, Inc. on Certificate Owner or any Person identified to the Trustee as a prospective transferee of a Certificate, originals or copies of the following items: (i) the private placement memorandum or other disclosure document relating to such Certificates, if any, in the form most recently provided to the Trustee; and (ii) in all cases, (A) this Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) all monthly basisstatements required to be delivered to Certificateholders of the relevant Class pursuant to this Section 4.02 since the Closing Date, and shall supply an electronic tape all other notices, reports, statements and written communications delivered to Loan Performance the Certificateholders of the relevant Class pursuant to this Agreement since the Closing Date, (C) all certifications delivered by a Responsible Officer of the Trustee since the Closing Date pursuant to Section 9.01(h) and Intex Solutions in (D) any and all Officers' Certificates delivered to the Trustee by the Servicer since the Closing Date to evidence the Servicer's determination that any Advance or Servicing Advance was, or if made, would be a format acceptable to Loan Performance Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively. Copies and Intex Solutions on a monthly basismailing of any and all of the foregoing items will be available from the Trustee upon request at the expense of the person requesting the same.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Indymac Residential Mortgage-Backed Trust, Series 2006-L1)
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]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 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 One-Month LIBOR Indexed, Six-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;
(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)(i5.01(f)(i);
(xxiii) current Recoveries allocable to each Loan Group;; and
(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 (HarborView Mortgage Loan Trust 2004-7)
Statements. (a) On each Distribution Date, the Securities Administrator Trustee shall make available to the Trustee, each Certificateholder, the Certificate Insurer, the Yield Maintenance Provider, the Seller, the Master Servicer any NIMS Insurer and the each 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. Information in the Distribution Date Statement relating to or based on amounts available in the Yield Maintenance Account shall be based on information provided by the Yield Maintenance Provider regarding any Yield Maintenance Distributable Amounts required to be paid by the Yield Maintenance Provider for the related Distribution Date pursuant to the Yield Maintenance Agreement. The Distribution Date Statement shall include the following information, in each case, with respect to 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[Reserved];
(iv) the aggregate amount of servicing compensation received by each Servicer during Servicing Fees for 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 returnsPeriod;
(v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved];
(vii) the Loan Group Balance for each Loan Group and related the Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period;
(vii) the Pool Balance and the Loan Group Balance for such Distribution Date;
(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 amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the One-Month LIBOR 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;
(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 maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date;
(xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related 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, using the OTS method;
(xiiixii) for each Loan Group, the book value (if available) 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;
(xivxiii) for each Loan Group, the aggregate amount of any Principal Prepayments, net Principal Prepayments or other unscheduled recoveries of principal with respect to each Loan Group made during the related Prepayment Period;
(xvxiv) for each Loan Group, 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 Componentsafter giving effect to any distributions made thereon, on such Distribution Date;
(xvixv) 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;
(xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related 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;
(xviiixvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date;
(xviii) for each Loan Group, the related Available Funds;
(xix) the Available Funds with respect to for each Loan Group;
(xx) , the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date;
(xxixx) for each Loan Group, 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 Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;
(xxiixxi) for each Loan Group, 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(d);
(xxiiixxii) current Recoveries allocable to each Loan Group;
(xxivxxiii) cumulative Recoveries allocable to each Loan Group;
(xxvxxiv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest for each Class after giving effect to any distributions made thereon, on such Distribution Date;
(xxvixxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and;
(xxvi) the amount of the Certificate Insurer Reimbursement Amount, if any;
(xxvii) payments made under the Yield Maintenance AgreementsDeficiency Amount, if any; and, to be paid by the Certificate Insurer;
(xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates
(xxix) the amount of any Unpaid Interest Shortfall Amount;
(xxx) the amount of the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and the Aggregate Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates;
(xxxi) the Overcollateralized Amount for that Distribution Date;
(xxxii) the Overcollateralization Target Amount for that Distribution Date;
(xxxiii) the amount remitted by the Yield Maintenance Administrator to the Trustee pursuant to the Yield Maintenance Allocation Agreement; and
(xxxiv) the payments, if any, made from the Yield Maintenance Account and the amount distributed to the LIBOR Certificates and Principal-Only Componentsfrom such payments. 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 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 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 or the report on Form 10-D for such Distribution Date shall also include any other 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 any 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 PersonPerson or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer 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 or any NIMS Insurer was a CertificateholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. 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 (HarborView 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 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 ▇▇▇▇▇▇▇▇.▇▇▇, 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, separately identifying the aggregate amount of any principal prepayments and liquidation proceeds in that distribution, in the aggregate and with respect to Loan Group I and Loan Group II;
(ii) the amount of the distribution made on allocable to interest, any unpaid interest amounts included in such distribution and any remaining unpaid interest amounts after giving effect to such distribution and any Net WAC Carryover Amount for such Distribution Date Date;
(iii) if the distribution to the Holders holders of such Class of Certificates is less than the full amount that would be distributable to such holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation of the shortfall as between principal and interest;
(iv) the Certificate Principal Balance of each Class of Certificates allocable after giving effect to interestthe distribution of principal on such Distribution Date;
(iiiv) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group aggregate stated Principal Balance of the Mortgage Loans for the following Distribution Date;
(ivvi) 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 expenses and fees paid to or retained by the Servicer and paid to or retained by the Trustee with respect to such Distribution Date, in each case, identifying the general purpose of such fees;
(vii) the Loan Group Balance and related Net WAC and Net WAC Cap Pass-Through Rate for each Loan Group at the Close such Class of Business at the end of the related Due PeriodCertificates with respect to such Distribution Date;
(viii) for each Loan Group, the amount of Advances included in the distribution on such Distribution Date and the aggregate Principal Balance amount of Advances reported by the Servicer (and the Trustee as successor Servicer and any other successor Servicer, if applicable) as outstanding as of the One-Year MTA Indexed Mortgage Loans at close of business on the Close of Business at the end of the related Due PeriodDetermination Date immediately preceding such distribution date;
(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 outstanding Principal Balances of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquent, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d1) as to which the scheduled payment is Delinquent 31 to 60 days, 61 to 90 days and 91 or more days, (2) that have become REO property, (3) that are in foreclosure proceedings have been commenced and (e4) that are in bankruptcy, in each case as of the close of business on the last business day of the immediately preceding month, in the aggregate and with respect to the Loan Group I and Loan Group II, all in accordance with the OTS Method of measuring delinquencies;
(x) the total number and principal balance of any REO properties (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date, in the aggregate;
(xi) whether a Trigger Event has occurred and is continuing (including the calculation demonstrating the existence of the Trigger Event and the aggregate outstanding balance of all mortgage loans 60 or more days Delinquent);
(xii) in the aggregate and for each Class of Certificates, the aggregate amount of Applied Realized Loss Amounts incurred during the preceding calendar monthmonth and aggregate Applied Realized Loss Amounts through such Distribution Date, in the aggregate and with respect to Loan Group I and Loan Group II;
(xiii) the book value amount of any REO Property as net monthly excess cashflow on such Distribution Date and the allocation of it to 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 Periodcertificateholders with respect to unpaid interest amounts;
(xiv) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment PeriodOvercollateralization Amount and Targeted Overcollateralization Amount;
(xv) prepayment premiums or charges collected by the aggregate amount of Realized Losses incurred during Servicer, in 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 Componentsaggregate;
(xvi) the Class Certificate Principal Balance amount of any Net Swap Payments or Class Certificate Notional Amount, as applicable, of each Class of Certificates Swap Termination Payments paid or received by the Supplemental Interest Trust pursuant to the Swap Agreement and the Apportioned Principal Balances amount of any Defaulted Swap Termination Payments paid by the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution DateSupplemental Interest Trust;
(xvii) the Interest Distributable Amount in respect percentage equal to the aggregate Realized Losses divided by the aggregate stated Principal Balance of each Class the Mortgage Loans as 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 Cut-off Date;
(xviii) the aggregate amount distributed on the Class CE-1, Class CE-2, Class P, Class R and Class R-X Certificates;
(xix) the amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount Subsequent Recoveries for such Distribution Date;
(xix) the Available Funds with respect to each Loan Group;
(xx) the Pass-Through Rate for each Class of Certificates Record Date for such Distribution Date;
(xxi) the aggregate Principal Balance of updated Mortgage Loans purchased hereunder by the Seller during the related Due PeriodLoan information, such as weighted average interest rate, 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 Loanweighted average remaining term;
(xxii) material breaches of Mortgage Loan representations of warranties of which the amount of any Principal Deficiency Amounts Trustee or Accrued Interest Amounts paid to an Undercollateralized Group the Servicer has actual knowledge or amounts paid pursuant to Section 5.01(e)(i);has received written notice; and
(xxiii) current Recoveries allocable to each Loan Group;
(xxiv) cumulative Recoveries allocable to each Loan Group;
(xxv) the amount material breaches 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 covenants under the Yield Maintenance Agreements, if any; and
(xxviii) Pooling and Servicing Agreement of which the amount of Net Deferred Interest, if any, added to Trustee or 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 (▇▇▇) ▇▇▇-▇▇▇▇Servicer has received written notice. Parties that are unable to use or access the above distribution option Trustee's website are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk Trustee at (▇▇▇) ▇▇▇-▇▇▇▇ 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), (iii) and (iiiv) 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 Trustee's responsibility for providing the above statement is limited to the availability, timeliness and accuracy of the information derived from the Servicer (or as provided by such other party providing notice of a material breach in clauses (xxii) and (xxiii) above.
(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 ), (iii), (xvii) and (xxixxii) 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 Residual Certificateholders 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 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 Asset Backed Certificates, Series 2007-Cb4)
Statements. (a) On each Distribution Each month, not later than 12:00 noon New York time on the Determination Date, the Securities Administrator Servicer shall make available deliver to the Trustee, each Certificateholderby telecopy, for distribution to the Noteholders, and the Owner Trustee for distribution to the Certificateholders, the Sellerreceipt and legibility of which shall be confirmed telephonically, with hard copy thereof and the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit M (both in hard copy and in computer tape form) to be delivered on the Business Day following the Determination Date, a certificate signed by a Servicing Officer (a "Servicer's Certificate") stating the date (day, month and year), the Master Servicer Series number, the date of this Agreement, 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 Datefollowing:
(i) the amount of Available Remittance Amounts for the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principalrelated Remittance Date;
(ii) the amount of the distribution made on such Distribution Date to the Holders of Class Principal Balances for each Class of Certificates allocable Class A, Class M and Class B Notes as reported in the prior Servicer's Certificate pursuant to interestsubclause (xv) below, or, in the case of the first Determination Date, the Original Principal Balance for each Class of Class A, Class M and Class B Notes;
(iii) the Senior PercentagePrincipal Distribution Amounts for the related Remittance Date, Senior Prepayment Percentage, Subordinate Percentage in the aggregate and Subordinate Prepayment Percentage with respect listed separately for the portions relating to each Loan Group for the following Distribution DateClass of Class A, Class M and Class B Notes;
(iv) the aggregate amount of servicing compensation received by each Servicer during Interest Shortfall Carryforward Amounts and Realized Loss Amounts for the related Due Period Remittance Date (by Class and such other customary information as in the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returnsaggregate);
(v) the aggregate amount of Advances Available Maximum Subordination Amount for the related Due Period and the amount of unreimbursed AdvancesRemittance Date;
(vi) [reserved]the number and Principal Balances of all Loans which were the subject of Principal Prepayments during the Due Period;
(vii) the Loan Group Balance amount of all Curtailments which were received during the Due Period;
(viii) the aggregate amount of all Excess Payments and related Net WAC the amounts of Monthly Payments in respect of principal received during the Due Period;
(ix) the amount of interest received on the Loans;
(x) the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Note Distribution Account pursuant to Section 7.01(a)(ii), and Net WAC Cap for each Loan Group at the Close Compensating Interest payment to be made on the Determination Date;
(xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit L;
(xii) the amount of Business at the end of any Realized Losses incurred during 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;
(xiixiii) the number and aggregate unpaid principal balance of Mortgage LoansAvailable Remittance Amounts for the Remittance Date, 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 Periodby component;
(xiv) the aggregate amount of Principal Prepayments Reimbursable Amounts and the GP Remittance Amount payable with respect to each Loan Group made during the related Prepayment PeriodRemittance Date;
(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 Class Principal Balance for each Class of Certificates or Principal-Only ComponentsClass A, Class M and Class B Notes and the Pool Balance after giving effect to the distribution to be made on the Remittance Date and after allocation of the Applied Realized Loss Amount made on such Remittance Date;
(xvi) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates and the Apportioned Principal Balances calculation of the Subordinate Certificates after giving effect to any distributions made thereonTrigger Event, on such Distribution Dateincluding the various components thereof;
(xvii) the Interest Distributable Amount in Cumulative Realized Losses, with respect of each Class of Certificates, for such Distribution Date and to the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Remittance Date;
(xviii) the aggregate amount of any Net Interest Shortfalls and amount, if any, by which the Unpaid Interest Shortfall applicable Formula Distribution Amount exceeds the applicable Class Distribution Amount for such Distribution Remittance Date;
(xix) the Available Funds with respect Servicing Fees, the Contingency Fees and amounts to each Loan Groupbe deposited to the Expense Account and the FHA Premium Account;
(xx) the Pass-Through Rate for each Class amount of Certificates for such Distribution Dateall payments and reimbursements to the Servicer pursuant to Section 4.04(b), (c), (d)(ii), (e) and (f);
(xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by Class Factor for each Class determined using 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 Loanbalances in subclause (xv) above;
(xxii) the amount of any Principal Deficiency Amounts or Accrued weighted average Loan Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)Rate and the weighted average Class Adjusted Loan Remittance Rates, in each case for the related Remittance Date, and the weighted average Loan Interest Rate for the prior three month period;
(xxiii) the Senior Percentage and the Class B Percentage for the current Recoveries allocable to each Loan GroupRemittance Date;
(xxiv) cumulative Recoveries allocable to each Loan Groupthe Spread Amount and the Specified Subordinated Amount for such Remittance Date;
(xxv) the amount of any Basis Risk ShortfallApplied Realized Loss Amount, if any, Realized Loss Amount and Unpaid Realized Loss Amount for each Class as of the related accrued interest thereonclose of such Remittance Date;
(xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, Accelerated Principal Distribution Amount for such Loan Group; andRemittance Date;
(xxvii) payments made under the Yield Maintenance Agreements, if any; andReserved;
(xxviii) the amount of Net Deferred Interest, if any, added to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Class Certificate Principal Balance Servicer from the FHA Premium Account pursuant to Section 7.03(b)(i);
(xxix) the amount of FHA Payments and Related Payments received during the related Due Period;
(xxx) the Reserve Amount for the related Remittance Date;
(xxxi) claims filed during the Due Period;
(xxxii) claims paid during the Due Period;
(xxxiii) claims denied by the FHA during the Due Period;
(xxxiv) claims pending payment by the FHA during the Due Period; and
(xxxv) Such other information as the Noteholders or Component Principal Balance Certificateholders may reasonably require. The Trustee shall forward such report to the Noteholders and the Owner Trustee on the Remittance Date, together with a separate report indicating the amount of funds deposited in the Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, as appropriate, pursuant to Sections 7.04(c)(i), 7.04(c)(ii) and 7.05(d)(xvii) (all reports prepared by the Trustee of such withdrawals and deposits will be based in whole or in part upon the information provided to the Trustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy 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 Servicer's Certificate and the other parties to this Agreement via hard copy thereof, the Securities Administrator’s internet website. The Securities Administrator’s internet website Trustee 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 rely upon 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 changetelecopy. In the case of information furnished pursuant to subclauses (iii), (viii) and (iixiii) above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each Note per $1,000 original dollar amount as of the Cut-Off Date.
(ba) Within a reasonable period of time after the end of each calendar year, the Securities Administrator shall, upon written request, Servicer shall furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Certificateholder of a Regular CertificateClass A, if requested in writing by such Person, Class M and Class B Noteholder such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) through ix), (iiixiii), (xix) and (xxi) xxxv), above, aggregated for such calendar year or applicable portion thereof during which such Person was a CertificateholderNoteholder. Such obligation of the Securities Administrator Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished provided by the Securities Administrator to Certificateholders Servicer pursuant to any requirements of the Code as are in force from time to timetime are in force.
(b) On each Remittance Date, the Trustee shall forward to the Owner Trustee, for distribution to the Holder of the GP Interest, a copy of the report forwarded to the Noteholder in respect of such Remittance Date and a statement setting forth the amounts actually distributed to the Holder of the GP Interest, on such Remittance Date together with such other information as the Servicer provides and deems necessary or appropriate.
(c) On Within a reasonable period of time after the end of each Distribution Datecalendar year, the Securities Administrator Servicer shall supply an electronic tape furnish to Bloomberg Financial Marketsthe Trustee, Inc. with a copy to the Owner Trustee for distribution to each Person who at any time during the calendar year was a Holder of the GP Interest 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 the GP Interest. Such obligation of the Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Servicer pursuant to any requirements of the Code as from time to time in force.
(d) Upon reasonable advance notice in writing, the Servicer will provide to each Class A, Class M and Class B Noteholder which is a format acceptable savings and loan association, bank or insurance company certain reports and access to Bloomberg Financial Marketsinformation and documentation regarding the Loans sufficient to permit such Class A, Inc. on a monthly basisClass M and Class B Noteholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Class A, Class M 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 basisClass B Notes.
Appears in 1 contract
Sources: Sale and Servicing Agreement (Money Store Home Equity Corp)
Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the SellerSponsor, 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 (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 Servicers and 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 returnsPeriod;
(v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved]the Pool Balance for such Distribution Date;
(vii) the Loan Group Balance and related Net Maximum Rate Cap, the Net WAC and the 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) 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[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 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, in each case, using the MBA method;
(xiii) the book value (if available) 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 ComponentsCertificates;
(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 GroupFunds;
(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 Sponsor or an Originator, as applicable, 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) current Recoveries allocable to 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)Mortgage Loans;
(xxiii) current cumulative Recoveries allocable to each Loan Groupthe Mortgage Loans;
(xxiv) cumulative Recoveries allocable to each Loan Group;
(xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon;
(xxvixxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; andthe Mortgage Loans;
(xxvii) payments made under the Yield Maintenance Agreements, if any; and
(xxviiixxvi) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates Certificates; and
(xxvii) the amount of any Class P Distributable Amount and Principal-Only Componentsthe Class ES Distributable Amount. The Securities Administrator will 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 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 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 ), (iiiii) and (xxiiv) above, aggregated for such calendar year or applicable portion thereof during which such Person was a CertificateholderCertificateholder and such other customary information which a Certificateholder 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 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
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 (other than the Class S Certificates), separately identified, allocable to principal;
(ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Regular Certificates (other than the Class ARR 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 applicablethe Mezzanine Certificates, of each the Class of ARR 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 Class A Certificates, the Class S 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, the Class S 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, the Class S Certificates and each Class of Mezzanine Certificates for the immediately succeeding Distribution 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 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 “"h▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇.” /▇▇▇▇". 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 Asset Backed Certs Ser 2003-1)
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 each Rating Agency, a statement based, as applicable, based 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 Subgroup for the following 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) [reserved]the Pool Balance for such Distribution Date;
(vii) the Loan Subgroup Balance, the Non-PO Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group Subgroup 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[Reserved];
(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 GroupSubgroup, 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 GroupSubgroup, (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, in each case, using the MBA method;
(xiii) the book value (if available) 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 Subgroup 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 Subgroup made during the related Prepayment Period;
(xv) the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Subgroup and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsafter giving effect to any distribution made thereon, on such Distribution Date;
(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 GroupSubgroup;
(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) and cumulative Recoveries allocable to each Loan GroupSubgroup;
(xxiv) current and cumulative PO Recoveries allocable to Subgroup 1; 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, Class P Distributable 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 ComponentsDistribution Date. 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 “h▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/▇.▇▇▇.” 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 or the report on Form 10-D for such Distribution Date shall also include any other 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 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 CertificateholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. 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
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 the Certificates allocable to principal;
(ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of the 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 Datereserved;
(iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Remittance Period (separately identifying Servicing Fees and other servicing compensation) and such other customary information as the Trustee reasonably 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 AdvancesRemittance Period;
(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 Remittance 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, in the aggregate and for each Loan Group, Loans (a) that were (A) 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 preceding 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, and (b) the related Mortgaged Properties of which are REO Properties;
(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 preceding Due Prepayment Period;
(xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvxi) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses;
(xii) 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 Certificate Principal Balance of each Class of Regular Certificates after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date separately identifying any reduction thereof due to allocations of Realized Losses (in the case of the Subordinated Certificates and the Class C Certificates);
(xiv) the Certificate Factor for each Class of the Regular Certificates applicable to such Distribution Date;
(xv) the Accrued Certificate Interest for the Senior Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and Unpaid Interest Shortfall Amount, if any, allocated with respect to each the Class of A Certificates or Principal-Only Componentsand the Subordinated 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 aggregate amount of any Relief Act Interest Distributable Amount in respect of each Class of Certificates, Shortfalls 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 Overcollateralized Amount and the Unpaid Interest Shortfall Excess Overcollateralization 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 Credit Enhancement Percentage for such Distribution Date;
(xx) the Net WAC Rate Carryover Amount for the Class A Certificates and the Subordinated Certificates, if any, for such Distribution Date and the amount remaining unpaid after payments from the Excess Reserve Fund Account are made pursuant to Section 4.01(e);
(xxi) when the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, Stepdown Date has occurred 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 Loanwhen a Trigger Event is in effect;
(xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid deposits to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)and withdrawals from the Excess Reserve Fund Account on such Distribution Date;
(xxiii) current Recoveries allocable to each Loan Groupthe Available Funds for such Distribution Date;
(xxiv) cumulative Recoveries allocable the respective Pass-Through Rates applicable to each Loan Groupthe Senior Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and the respective Pass-Through Rates applicable to the Senior Certificates and the Subordinated Certificates for the immediately succeeding Distribution Date;
(xxv) the amount aggregate Notional Amount of any Basis Risk Shortfallthe Class C Certificates and Class IO Certificates, if any, and in each case after giving effect the related accrued interest thereonreductions thereof to occur on such Distribution Date;
(xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, the Reimbursement Amount for such Loan Group; andDistribution Date and the amount received by the Certificate Insurer in respect thereof on such Distribution Date;
(xxvii) payments made under the Yield Maintenance Agreements, if anyamount on deposit in the Interest Coverage Account; and
(xxviii) for 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 distribution occurring on the Distribution Date Statement immediately following the end of the 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 Certificateholders on such Distribution Date. The Trustee will make 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 Trustee, the Certificate Insurer and the other parties to this Agreement Rating Agencies via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s responsibility for disbursing the above information to the Certificateholders is limited to the availability, timeliness, and accuracy of the information derived from the Servicer. By each Determination Date, the Servicer shall provide to the Trustee in electronic form the information needed to determine the distributions to be made pursuant to Section 4.01 and any other information on which the Servicer and the Trustee mutually agree. The Trustee’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 (1-▇▇▇) -▇▇▇-▇▇▇▇. 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 (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 hypothetical Certificate having an initial Certificate Principal Balance or Notional Amount (in the case of the Cut-Off DateClass C Certificates) equal to $1,000.
(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 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. 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 and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. The Trustee shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Certificateholder, Inc. on Certificate Owner or any Person identified to the Trustee as a prospective transferee of a Certificate, originals or copies of the following items: (i) the private placement memorandum or other disclosure document relating to such Certificates, if any, in the form most recently provided to the Trustee; and (ii) in all cases, (A) this Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) all monthly basisstatements required to be delivered to Certificateholders of the relevant Class pursuant to this Section 4.02 since the Closing Date, and shall supply an electronic tape all other notices, reports, statements and written communications delivered to Loan Performance the Certificateholders of the relevant Class pursuant to this Agreement since the Closing Date, (C) all certifications delivered by a Responsible Officer of the Trustee since the Closing Date pursuant to Section 9.01(h) and Intex Solutions in (D) any and all Officers’ Certificates delivered to the Trustee by the Servicer since the Closing Date to evidence the Servicer’s determination that any Advance or Servicing Advance was, or if made, would be a format acceptable to Loan Performance Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively. Copies and Intex Solutions on a monthly basismailing of any and all of the foregoing items will be available from the Trustee upon request at the expense of the person requesting the same.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (IndyMac Residential Mortgage-Backed Trust, Series 2006-L4)
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 the Certificates allocable to principal;
(ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of the 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 Datereserved;
(iv) the aggregate amount of servicing compensation received by each the Servicer during with respect to the related Due Remittance Period (separately identifying Servicing Fees and other servicing compensation) and such other customary information as the Trustee reasonably 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 AdvancesRemittance Period;
(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 Remittance 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, in the aggregate and for each Loan Group, Loans (a) that were (A) 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 preceding 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, and (b) the related Mortgaged Properties of which are REO Properties;
(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 preceding Due Prepayment Period;
(xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvxi) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses;
(xii) 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 Certificate Principal Balance of each Class of Regular Certificates after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date separately identifying any reduction thereof due to allocations of Realized Losses (in the case of the Subordinated Certificates and the Class C Certificates);
(xiv) the Certificate Factor for each Class of the Regular Certificates applicable to such Distribution Date;
(xv) the Accrued Certificate Interest for the Class A Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and Unpaid Interest Shortfall Amount, if any, allocated with respect to each the Class of A Certificates or Principal-Only Componentsand the Subordinated 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 aggregate amount of any Relief Act Interest Distributable Amount in respect of each Class of Certificates, Shortfalls 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 Overcollateralized Amount and the Unpaid Interest Shortfall Excess Overcollateralization 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 Credit Enhancement Percentage for such Distribution Date;
(xx) the Net WAC Rate Carryover Amount for the Class A Certificates and the Subordinated Certificates, if any, for such Distribution Date and the amount remaining unpaid after payments from the Excess Reserve Fund Account are made pursuant to Section 4.01(e);
(xxi) when the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, Stepdown Date has occurred 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 Loanwhen a Trigger Event is in effect;
(xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid deposits to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)and withdrawals from the Excess Reserve Fund Account on such Distribution Date;
(xxiii) current Recoveries allocable to each Loan Groupthe Available Funds for such Distribution Date;
(xxiv) cumulative Recoveries allocable the respective Pass-Through Rates applicable to each Loan Groupthe Class A Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and the respective Pass-Through Rates applicable to the Class A Certificates and the Subordinated Certificates for the immediately succeeding Distribution Date;
(xxv) the amount aggregate Notional Amount of any Basis Risk Shortfallthe Class C Certificates, if any, and in each case after giving effect the related accrued interest thereonreductions thereof to occur on such Distribution Date;
(xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, the Reimbursement Amount for such Loan GroupDistribution Date and the amount received by the Certificate Insurer in respect thereof on such Distribution Date; 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 Componentsreserved. 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 Servicer, the Trustee, the Certificate 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 (1-▇▇▇) -▇▇▇-▇▇▇▇. 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 (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 hypothetical Certificate having an initial Certificate Principal Balance or Notional Amount (in the case of the Cut-Off DateClass C Certificates) equal to $1,000.
(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 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. 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 and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. The Trustee shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Certificateholder, Inc. on Certificate Owner or any Person identified to the Trustee as a prospective transferee of a Certificate, originals or copies of the following items: (i) the private placement memorandum or other disclosure document relating to such Certificates, if any, in the form most recently provided to the Trustee; and (ii) in all cases, (A) this Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) all monthly basisstatements required to be delivered to Certificateholders of the relevant Class pursuant to this Section 4.02 since the Closing Date, and shall supply an electronic tape all other notices, reports, statements and written communications delivered to Loan Performance the Certificateholders of the relevant Class pursuant to this Agreement since the Closing Date, (C) all certifications delivered by a Responsible Officer of the Trustee since the Closing Date pursuant to Section 9.01(h) and Intex Solutions in (D) any and all Officers’ Certificates delivered to the Trustee by the Servicer since the Closing Date to evidence the Servicer’s determination that any Advance or Servicing Advance was, or if made, would be a format acceptable to Loan Performance Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively. Copies and Intex Solutions on a monthly basismailing of any and all of the foregoing items will be available from the Trustee upon request at the expense of the person requesting the same.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (IndyMac Residential Mortgage-Backed Trust, Series 2006-L2)
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 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 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 One-Year MTA COFI 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 MTA 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)(i5.01(f)(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, with respect to the Class 1A-1, Class 2A-1, Class 2A-2 and Class 2A-3 Certificates;
(xxiv) the amount of compensation received by the Trustee during the related Due Period;
(xxv) the amount of compensation received by the Custodian during the related Due Period;
(xxvi) the amount of any Lender-Paid Mortgage Insurance Fees paid;
(xxvii) 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 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 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 (Greenwich Capital Acceptance Inc Harborview Mort Ln Tr 03 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 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 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 Delinquent, past 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 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 1 contract
Sources: Pooling and Servicing Agreement (C-Bass Mortgage Loan Asset-Backed Certificates Series 2005-Cb1)
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/sfa, a statement as to the distributions to be made or made, as applicable, on such Distribution Date▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇e:
(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 Pool Balance and the Loan 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) separately stated for each Loan Group, the aggregate Principal Balance of the OneGroup and each Sub-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 Groupgroup, 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) separately stated for each Loan Group and each Sub-group, 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) separately stated for each Loan Group and each Sub-group, 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) separately stated for each Loan Group and each Sub-group, 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 and each Sub-group, 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) separately stated for each Loan Group and each Sub-group, 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) the beginning balance of amounts on deposit in the Class N Reserve Fund as of the preceding Distribution Date, any withdrawals from and deposits into the Class N Reserve Fund as of the Distribution Date, and the ending balance of amounts on deposit in the Class N Reserve Fund on such Distribution Date;
(xvii) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificates, Offered 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 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 Class R 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 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 ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇, 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 applicable Record Date, accrual date and Determination Date;
(iii) 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;
(iiiiv) 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;
(ivv) 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;
(vvi) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved]Collection Period;
(vii) the Pool Balance and the Loan 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;
(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) separately stated 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;
(xiiix) separately stated for each Loan Group, the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (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 bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date;
(x) separately stated for each Loan Group, 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;
(xiiixi) separately stated for each Loan Group, 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;
(xivxii) separately stated for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvxiii) 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;
(xiv) 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) separately stated for each Loan Group, any material modifications, extensions or waivers to the amount terms, fees, penalties or payments of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsthe related Mortgage Loans;
(xvi) 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;
(xvii) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificatesthe Class A, Class M and Class B Certificates for such Distribution Date Date, separately identifying the portions thereof attributable to Net WAC Carryover Amounts, 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) any amounts to be deposited in the Reserve Account pursuant to the Cap Contracts as described in Section 4.02(f) and the Unpaid Interest Shortfall Amount for amount thereof to be paid to the Class AV or Class M Certificates;
(xx) the balance of the Reserve Account as of such Distribution Date;
(xixxxi) the amount of the Trustee Fee paid;
(xxii) the Net WAC Carryover Amounts distributed on such Distribution Date;
(xxiii) 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) 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 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
(xxviiixxix) 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 Parties that are unable 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 “use ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇.” 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 Trustee at (▇▇▇) ▇▇▇-▇▇▇▇ 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 make available to Bloomberg Financial Markets, Inc. the Residual Certificateholders 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 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 (Ownit Mortgage Loan Trust, Series 2006-1)
Statements. (a) On each Distribution Date, the Securities Administrator Trustee 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 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 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 Month 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 1 contract
Sources: Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2004-9)
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 Counterparties, 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;
(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 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 Pool Balance of the One-Year MTA Indexed Group I Mortgage Loans and the Group II Mortgage Loans at the Close of Business at the end of the related Due Period;
(ixiv) 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 aggregate principal balance, 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;
(xiiv) 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 (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties;
(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;
(xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvvii) 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;
(xviviii) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each class of the Class A Certificates, each class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date;
(xviiix) the Unpaid Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereofShortfall 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) class of the Pass-Through Rate for Class A Certificates, each class of the Mezzanine Certificates and the Class of AIO Certificates for such Distribution Date;
(xxix) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Servicer pursuant to Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan3.25;
(xxiixi) 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)Credit Enhancement Percentage for such Distribution Date;
(xxiii) current Recoveries allocable to each Loan Group;
(xxiv) cumulative Recoveries allocable to each Loan Group;
(xxvxii) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon;
(xxvi) Available Funds Cap Carryforward Amount for each Loan Group, class of the amount Class A Certificates and each class of Deferred Interest and Net Deferred Interestthe Mezzanine Certificates, if any, for such Loan GroupDistribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date;
(xiii) the respective REMIC Pass-Through Rates applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and the Class AIO Certificates for such Distribution Date and the REMIC Pass-Through Rate applicable to each class of the Class A Certificates and each class of the Mezzanine Certificates for the immediately succeeding Distribution Date;
(xiv) the Supplemental Interest Payment for each Class on such Distribution Date;
(xv) the difference between the Swap Notional Amount and the Underwritten Certificates Principal Balance on such Distribution Date;
(xvi) the Required Overcollateralization Amount for such Distribution Date; and
(xxvii) payments made under the Yield Maintenance Agreements, if any; and
(xxviiixvii) 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 Excess Cashflow for such 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 changeDate. 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 Closing Date. The Trustee may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03.
(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 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 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) On each Distribution Date, Inc. the Trustee shall post on its website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇\absmbs, which posting shall be accessible to each Certificateholder, the statement prepared pursuant to paragraph (a) of this Section 4.03. Assistance in using the website can be obtained by calling the Trustee's customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Such parties that are unable to use the 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 Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee shall not have any responsibility to (i) verify information provided by the Servicer to be included in such statement or (ii) include any information required to be included in such statement if the Servicer has failed to timely produce such information to the Trustee, as required pursuant hereto.
(f) No later than noon on the second Business Day prior to each Distribution Date, the Trustee will verify that no Notional Amount Test Event is scheduled to occur on the related Distribution Date. In the event a Notional Amount Test Event would otherwise occur on the related Distribution Date, the Trustee will immediately provide notice in the form of Exhibit J to the appropriate NovaStar entity and assign or reduce in $25,000,000 increments a portion of the related notional amount from the affected Swap Agreement on the day immediately preceding that Distribution Date until no Notional Amount Test Event will occur on the related Distribution Date. The Trustee shall assign or reduce the applicable notional amount from the Swap Agreement with the earliest maturity. In the event that two or more Swap Agreements have the same maturity date, which date is the earliest maturity date of the outstanding Swap Agreements, the Trustee shall assign or reduce the applicable notional amounts from the Swap Agreement(s) on a monthly pro rata basis. Once such notional amounts have been reduced or assigned back to the appropriate NovaStar entity, and the related Swap Counterparty will have no obligation to, nor interest in, the Trust with respect to such notional amounts. Furthermore, no distributions will be made from the Supplemental Interest Trust to the related Swap Counterparty in respect of notional amounts assigned or reduced under this Section 4.03 (f). In no event shall supply an electronic tape the Trustee allow a Notional Amount Test Event to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions occur on a monthly basisany Distribution Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Novastar Mortgage Funding Corp Home Eq Ln as Bk Ce Se 03 1)
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 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 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) 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 PeriodReserved;
(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 PeriodReserved;
(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; and
(xxix) the amount of the Certificate Insurer Reimbursement Amount, if any; and
(xxx) the Deficiency Amount, if any, to be paid by the Certificate Insurer. 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 and Servicing Agreement (HarborView 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 Certificate 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;
(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 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 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;
(viiiiv) 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 aggregate principal balance, 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;
(xiiv) 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 (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties;
(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;
(xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvvii) 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;
(xviviii) the Class Certificate Principal Balance or of the Class Certificate Notional AmountA-1 Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date;
(xviiix) the Unpaid Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereofShortfall 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-1 Certificates, the Mezzanine Certificates and the Class AIO Certificates for such Distribution Date;
(xxix) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Servicer pursuant to Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan3.25;
(xxiixi) 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)Credit Enhancement Percentage for such Distribution Date;
(xxiii) current Recoveries allocable to each Loan Group;
(xxiv) cumulative Recoveries allocable to each Loan Group;
(xxvxii) the amount of any Basis Risk Shortfall, if any, Available Funds Cap Carryforward Amount for the Class A-1 Certificates and the related accrued interest thereon;
(xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred InterestMezzanine Certificates, if any, for such Loan Group; andDistribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date;
(xxvii) payments made under the Yield Maintenance Agreements, if any; and
(xxviiixiii) the amount of Net Deferred Interest, if any, added respective REMIC Pass-Through Rates applicable to the Class Certificate Principal Balance or Component Principal Balance of A-1 Certificates, the related Mezzanine Certificates and Principal-Only Components. The Securities Administrator will make the Class AIO Certificates for such 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 (▇▇▇) ▇▇▇REMIC Pass-▇▇▇▇. 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 Through Rate applicable to the parties, Class A-1 Certificates and the Securities Administrator shall provide timely and adequate notification to all parties regarding any Mezzanine Certificates for the immediately succeeding Distribution Date;
(xiv) the Supplemental Interest Payment for each Class on such change. Distribution Date; 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 CutClosing Date. The Certificate Administrator may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03. The 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 other parties to the 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 (▇▇▇) ▇▇▇-Off Date▇▇▇▇. 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 Distribution Date statements 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.
(b) Within a reasonable period of time after the end of each calendar year, the Securities Certificate 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 Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Certificate 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 Certificate Administrator shall supply an electronic tape forward 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 Certificate Administrator deems necessary or appropriate.
(d) Within a reasonable period of time after the end of each calendar year, Inc. the Certificate 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 Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Certificate Administrator pursuant to any requirements of the Code as from time to time in force.
(e) In the event that the Certificate Administrator is not the Trustee, Inc. no later than noon on a monthly basisthe Business Day prior to each Distribution Date, the Certificate Administrator shall forward, by facsimile transmission, the statement prepared pursuant to paragraph (a) of this Section 4.03, together with all other information reasonably necessary to make the distributions pursuant to Section 4.01 of this Agreement, to the Trustee. On each Distribution Date, the Trustee shall make available the information contained in the Distribution Date statement available to Certificateholders and other parties to the Agreement, in accordance with paragraph (a) of this Section 4.03. Neither the Trustee nor the Certificate Administrator shall supply an electronic tape have any responsibility to Loan Performance and Intex Solutions (i) verify information provided by the Servicer to be included in a format acceptable such statement or (ii) include any information required to Loan Performance and Intex Solutions on a monthly basisbe included in such statement if the Servicer has failed to timely produce such information to the Certificate Administrator, as required pursuant hereto.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Novastar Mortgage Funding Trust Series 2001-1)
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 and Remittance Report, the Servicers (Trustee shall 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 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;
(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 WAC Rate 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 Inc)
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 ▇▇▇.▇▇▇▇▇▇.▇▇▇/▇▇▇, 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, separately identified;
(ii) the applicable Record Date, accrual date and Determination Date;
(iii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestinterest or Class CE-1 Distributable Amount, separately identified;
(iiiiv) 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;
(ivv) 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;
(vvi) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved];Collection Period; 104
(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;
(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 Mortgage Interest Rate of the related Mortgage Loans as of the related Due Date;
(xiiix) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 31 to 59 60 days Delinquent, (b) 60 61 to 89 90 days Delinquent, (c) 90 91 or more days Delinquent, (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;
(x) 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;
(xiiixi) 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;
(xivxii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvxiii) 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 P Certificates;
(xiv) the aggregate amount of Realized Losses incurred during the related Due Collection Period and the cumulative amount of Realized Losses and Losses;
(xv) any material modifications, extensions or waivers to the amount terms, fees, penalties or payments of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsthe related Mortgage Loans;
(xvi) 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;
(xvii) the Accrued Certificate Interest Distributable Amount in respect of each Class of Certificatesthe Class A, Class M and Class B Certificates for such Distribution Date Date, separately identifying the portions thereof attributable to Net WAC Carryover Amounts, 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) the amount of any Net Swap Payments or Swap Termination Payments paid or received by the Supplemental Interest Trust pursuant to the Swap Agreement and the Unpaid amount of any Defaulted Swap Termination Payments paid by the Supplemental Interest Shortfall Amount for Trust; 105
(xx) the amount, if any, received pursuant to the Cap Agreement and the amount thereof, if any, to be paid to each Class of Certificates;
(xxi) the amount of the Trustee Fee paid;
(xxii) the Net WAC Carryover Amounts distributed 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) 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;
(xxiixxix) the aggregate Principal Balance of the Mortgage Loans repurchased by the Servicer (or an affiliate) during the related Collection Period in connection with Section 3.16;
(xxx) the amount distributed to the Class CE-1, Class CE-2, Class P, Class R and Class R-X Certificates;
(xxxi) the related Distribution Date; and
(xxxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid cash received with respect 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 accrual period. Parties that are unable 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 “use ▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” 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 Trustee at (800) 934-6802 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), (iii) and (iiiv) 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 ), (iii), (xvii) 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.and
Appears in 1 contract
Sources: Pooling and Servicing Agreement (C-Bass Mortgage Loan Asset-Backed Certificates, Series 2006-Cb8)
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 make available to each Holder of the Regular Certificates, the Servicer and the Servicers Rating Agencies, a statement (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 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) [reserved];
(vii) the Loan Group Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and related Net WAC and Net WAC Cap for the Bankruptcy Loss Coverage Amount, each Loan Group at the Close of Business at the end as of the related Due PeriodDetermination Date;
(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 PeriodNet WAC;
(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 Rate of the related Mortgage Loans as of the related Due Date;
(xiix) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (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 Close of business Business on the last day of the calendar month preceding calendar monthsuch Distribution Date;
(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 Period;
(xivxii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvxiii) [reserved];
(xiv) 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;
(xvixv) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates (other than the Class X Certificates) and the Apportioned Principal Balances Class X Certificate Notional Balance of the Subordinate Class X Certificates after giving effect to any distributions made thereon, thereon on such Distribution Date;
(xviixvi) the Interest Distributable Amount in respect of each Class of the 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;
(xviiixvii) 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 Servicer pursuant to Section 3.24 hereof;
(xviii) the Available Funds;
(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
(xxixx) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Servicer or 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, 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 Principal Balance of the related Certificates and Principal-Only Components. 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 Administrator’s Trustee's internet websitewebsite and will forward the Distribution Date Statement to each Rating Agency. The Securities Administrator’s Trustee's internet website shall initially be located at “"www.ctslink.com". Assistance in using the website or the fax-on-d▇▇▇.▇▇ ▇▇▇▇▇▇▇ ▇.▇▇▇.” 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 are distribu▇▇▇▇ ▇▇▇▇▇▇ ▇▇e entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating suchrequesting same. The Securities Administrator Trustee shall have the right to change the way such reports Distribution Date 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 the above parties regarding any such changechanges. The Trustee's obligations pursuant to this Section 4.04 are limited to the extent of its receipt of all necessary information from the Servicer. 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 (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 (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.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc MRT Ln Ps Th CRT Sr 01 Frb1)
Statements. (a) On each Distribution Date, the Securities Administrator Trustee shall make available to the Trustee, each Certificateholder, 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 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 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 LIBOR, Six-Month LIBOR and One-Year 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 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, in each case, using the MBA method;
(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 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;; and
(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 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 “▇▇▇.▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr.” 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.
(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 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
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, 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 Certificate Administrator shall prepare and make available to each Holder of the Regular Certificates, the Swap Counterparties, 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;
(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 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 Pool Balance of the One-Year MTA Indexed Group I Mortgage Loans and the Group II Mortgage Loans at the Close of Business at the end of the related Due Period;
(ixiv) 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 aggregate principal balance, and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date;
(xiiv) 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 (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties;
(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;
(xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvvii) 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;
(xviviii) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each class of the Class A Certificates, each class of the Mezzanine Certificates, the Class B Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date;
(xviiix) the Unpaid Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereofShortfall 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) class of the Pass-Through Rate for Class A Certificates, each class of the Mezzanine Certificates, the Class of B Certificates and the Class AIO Certificates for such Distribution Date;
(xxix) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Servicer pursuant to Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan3.25;
(xxiixi) 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)Credit Enhancement Percentage for such Distribution Date;
(xxiii) current Recoveries allocable to each Loan Group;
(xxiv) cumulative Recoveries allocable to each Loan Group;
(xxvxii) the amount Available Funds Cap Carryforward Amount for each class of any Basis Risk Shortfallthe Class A Certificates, if any, each class of the Mezzanine Certificates and the related accrued interest thereon;
(xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred InterestClass B Certificates, if any, for such Loan Group; andDistribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date;
(xxvii) payments made under the Yield Maintenance Agreements, if any; and
(xxviiixiii) the amount respective REMIC Pass-Through Rates applicable to each class of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance A Certificates, each class of the related Certificates and Principal-Only Components. The Securities Administrator will make Mezzanine Certificates, 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 partiesClass B Certificates, and the Securities Administrator shall provide timely Class AIO Certificates for such Distribution Date and adequate notification the REMIC Pass-Through Rate applicable to all parties regarding any each class of the Class A Certificates, each class of the Mezzanine Certificates and the Class B Certificates for the immediately succeeding Distribution Date;
(xiv) the Supplemental Interest Payment for each Class on such change. Distribution Date;
(xv) the difference between the Swap Notional Amount and the Underwritten Certificates (and the Class B Certificate if held by an entity unrelated to the Seller) Principal Balance on such Distribution Date; 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 Closing Date. The Certificate Administrator may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03.
(b) Within a reasonable period of time after the end of each calendar year, the Securities Certificate 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 Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Certificate 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 Certificate Administrator shall supply an electronic tape forward 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 Certificate Administrator deems necessary or appropriate.
(d) Within a reasonable period of time after the end of each calendar year, Inc. the Certificate 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 Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Certificate Administrator pursuant to any requirements of the Code as from time to time in force.
(e) No later than noon on the Business Day prior to each Distribution Date, Inc. the Certificate Administrator shall forward, by facsimile transmission, the statement prepared pursuant to paragraph (a) of this Section 4.03, together with all other information reasonably necessary to make the distributions pursuant to Section 4.01 of this Agreement, to the Trustee. On each Distribution Date, the Certificate Administrator, on a monthly basisbehalf of the Trustee, and shall supply an electronic tape forward by mail to Loan Performance and Intex Solutions in a format acceptable each Certificateholder the statement prepared pursuant to Loan Performance and Intex Solutions on a monthly basisparagraph (a) of this Section 4.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Novastar Mortgage Funding Corp Series 2002-2)
Statements. (a) On each Distribution Date, the Securities Administrator Trustee shall make available to the Trustee, each Certificateholder, the Certificate Insurer, the Yield Maintenance Provider, the Seller, the Master Servicer any NIMS Insurer and the each 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. Information in the Distribution Date Statement relating to or based on amounts available in the Yield Maintenance Account and the Class 2A-1C2 Yield Maintenance Account shall be based on information provided by the Yield Maintenance Provider regarding any Yield Maintenance Distributable Amounts and Class 2A-1C2 Yield Maintenance Distributable Amounts required to be paid by the Yield Maintenance Provider for the related Distribution Date pursuant to the Yield Maintenance Agreement or the Class 2A-1C2 Yield Maintenance Agreement, as applicable. The Distribution Date Statement shall include the following information, in each case, with respect to 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[Reserved];
(iv) the aggregate amount of servicing compensation received by each Servicer during Servicing Fees and Custodial Fees for 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 returnsPeriod;
(v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved];
(vii) the Loan Group Balance for each Loan Group and related the Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period;
(vii) the Pool Balance and the Loan Group Balance for such Distribution Date;
(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 amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the One-Month LIBOR 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;
(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 maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date;
(xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related 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, using the MBA method;
(xiiixii) for each Loan Group, the book value (if available) 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;
(xivxiii) for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvxiv) for each Loan Group, 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 Componentsafter giving effect to any distributions made thereon, on such Distribution Date;
(xvixv) 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;
(xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related 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;
(xviiixvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date;
(xviii) for each Loan Group, the related Available Funds;
(xix) the Available Funds with respect to for each Loan Group;
(xx) , the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date;
(xxixx) for each Loan Group, 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 Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;
(xxiixxi) for each Loan Group, 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(d);
(xxiiixxii) current Recoveries allocable to each Loan Group;
(xxivxxiii) cumulative Recoveries allocable to each Loan Group;
(xxvxxiv) the amount of any Basis Risk Shortfall and Unpaid Basis Risk Shortfall, if any, and the related accrued interest for each Class after giving effect to any distributions made thereon, on such Distribution Date;
(xxvixxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and;
(xxvi) the amount of the Certificate Insurer Reimbursement Amount, if any;
(xxvii) payments made under the Yield Maintenance AgreementsDeficiency Amount, if any; and, to be paid by the Certificate Insurer;
(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 ComponentsCertificates
(xxix) the amount of any Unpaid Interest Shortfall Amount;
(xxx) the amount of any Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates;
(xxxi) the Overcollateralized Amount for that Distribution Date;
(xxxii) the Overcollateralization Target Amount for that Distribution Date;
(xxxiii) the amount remitted by the Administrator to the Trustee pursuant to the Yield Maintenance Allocation Agreement; and
(xxxiv) the amount of any Class P Distributable Amount. 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 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 off Date.
(b) Within a reasonable period of time after . In addition to 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 Personinformation listed above, such information as is reasonably necessary to provide to such Person a statement containing Distribution Date Statement or the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated report on Form 10-D for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) 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 timeRegulation AB.
(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 (Harborview 2006-9)
Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Securities Administrator shall make available to the Trustee, each CertificateholderMaster Servicer, the SellerTrustee shall prepare and forward by mail to each Holder of the Regular 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 A-1 Certificates and Class A-2 Certificates allocable to principal;
(ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of A-1 Certificates and Class A-2 Certificates allocable to interest;
(iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Subordinated Percentage with respect to each Loan Certificate Group for the following 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 returns;
(v) the aggregate amount of Advances with respect to each Loan Group for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved]the Senior Prepayment Percentage and the Subordinated Prepayment Percentage with respect to each Certificate Group for the following Distribution Date;
(vii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case with respect to each Loan Group as of the related Determination Date;
(viii) 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 Mortgage Rate of the related Mortgage Loans in each Loan Group as of the related Due Date;
(xiix) separately stated for each Loan Group, 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, (b) 60 to 89 days Delinquentdelinquent, (c) 90 or more days Delinquentdelinquent, (d) as to which foreclosure proceedings have been commenced and (e) in bankruptcy, in each case bankruptcy as of the close Close of business 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 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 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;
(xivxiii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvxiv) the aggregate amount of Realized Losses incurred during the related Due Period and the cumulative amount of Realized Losses and Losses, in each case by Loan Group;
(xv) the aggregate amount of Realized Losses, if any, allocated to each Class of Certificates or Principal-Only Componentsextraordinary Trust Fund expenses by Loan Group 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 and the Apportioned Principal Balances of the Subordinate Certificates certificates after giving effect to any the distributions made thereon, on such Distribution Date;
(xvii) the Interest Distributable Amount in respect of each Class of the 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 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 in each case by Loan Group;
(xix) if applicable, whether the Senior Step Down Conditions have been met with respect to each Certificate Group;
(xx) the Available Funds with respect to each Loan Group;
(xxxxi) the Pass-Through Rate for each Class of Certificates for such Distribution Date;
(xxixxii) the Liquidation Report for such Distribution Date by Loan Group; and
(xxiii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller Master Servicer or Sellers during the related Due PeriodPeriod with respect to each Loan Group, 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 Trustee shall forward such report concurrently with each distribution to 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, Certificateholders 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 Rating Agencies on the related Certificates and Principal-Only ComponentsDistribution Date. The Securities Administrator will Trustee may also make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) such reports available each month to Certificateholders and the other parties each party referred to in this Agreement paragraph via the Securities Administrator’s internet Trustee's website. The Securities Administrator’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance in using Trustee's obligations pursuant to this Section 4.03 are limited to the website can be obtained by calling extent of its receipt of all necessary information from 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 suchMaster Servicer. 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 changeMaster Servicer. 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 (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 (Greenwich Capital Acceptance Inc)
Statements. (a) On each Distribution Date, the Securities Administrator 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 the Remittance Report 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 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 returnsPeriod;
(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, 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[Reserved];
(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 MTA 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)(i5.01(f)(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, with respect to the LIBOR Certificates;
(xxiv) [Reserved];
(xxv) [Reserved];
(xxvi) [Reserved];
(xxvii) 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) current Recoveries allocable to each Loan Group;
(xxx) cumulative Recoveries allocable to each Loan Group;
(xxxi) the amount of the Certificate Insurer Reimbursement Amount, if any; and
(xxxii) the Deficiency Amount, if any, to be paid by the Certificate Insurer. 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 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 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 (DSLA Mortgage Loan Trust 2004-Ar2)
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 ▇▇▇.▇▇▇▇▇▇.▇▇▇, 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 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 and the amount of unreimbursed AdvancesCollection Period;
(vi) [reserved];
(vii) the Pool Balance and the Loan 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) separately stated 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) separately stated for each Loan Group, 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) separately stated for each Loan Group, 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) separately stated for each Loan Group, 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) 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) 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 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 Class B-5 and Class B-6 Certificates for such Distribution Date Date, separately identifying the portions thereof attributable to Net WAC 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) any amounts to be deposited in the Reserve Account pursuant to the Cap Contract as described in Section 4.02(f) and the Unpaid Interest Shortfall Amount for amount thereof to be paid to the Class M-1, Class M-2, Class M-3 or Class M-4 Certificates;
(xviii) [Reserved];
(xix) the amount of the Trustee Fee paid;
(xx) the Net WAC Carryover Amounts distributed on such Distribution Date;
(xixxxi) 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 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 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 Parties that are unable 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 “use ▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” 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 Trustee at (651) 495-3847 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 make available to Bloomberg Financial Markets, Inc. the Residual Certificateholders 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 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 Asset-Backed Certificates, Series 2005-Cb3)
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 basedbased solely, as applicable, on loan-level information obtained from provided to it by the Master Servicer in its Determination Date Report. The Trustee shall prepare and make available to each Holder of the Regular Certificates, the Swap Counterparties, 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;
(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 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 Pool Balance of the One-Year MTA Indexed Group IA Mortgage Loans, the Group IB Mortgage Loans, the Group II Mortgage Loans and the Group III Mortgage Loans at the Close of Business at the end of the related Due Period;
(ixiv) 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 aggregate principal balance, 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;
(xiiv) 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 (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties;
(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;
(xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvvii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses;
(viii) the Certificate Principal Balance of each class of the Class A Certificates, each class of the Mezzanine Certificates, each class of the Class B Certificates and the amount of Realized LossesClass O Certificates, after giving effect to the distributions made on such Distribution Date;
(ix) the Unpaid Interest Shortfall Amount, if any, allocated with respect to each class of the Class A Certificates, each class of the Mezzanine Certificates or Principaland each class of Class B Certificates for such Distribution Date;
(x) 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 3.25;
(xi) the Credit Enhancement Percentage for such Distribution Date;
(xii) the Available Funds Cap Carryforward Amount for each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class B Certificates if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date;
(xiii) the respective Pass-Only ComponentsThrough Rates applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and the Class B Certificates for such Distribution Date and the Pass-Through Rate applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class B Certificates for the immediately succeeding Distribution Date;
(xiv) the Supplemental Interest Payment for each Class on such Distribution Date;
(xv) the difference between (x) the aggregate notional amount of the Swap Agreements and (y) the aggregate Certificate Principal Balance of the Underwritten Certificates on 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 Required Overcollateralization Amount for such Distribution Date;
(xvii) the Interest Distributable Amount in respect of each Class of Certificates, Excess Cashflow 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 Scheduled Principal Payments made during the Unpaid Interest Shortfall Amount for such Distribution Daterelated Due Period;
(xix) the Available Funds with respect to each aggregate amount of Principal Prepayments made during the related Due Period in which the related Mortgagor paid the related Mortgage Loan Groupin full;
(xx) the Pass-Through Rate for each Class aggregate amount of Certificates for such Distribution DatePrincipal Prepayments in part made during the related Prepayment Period;
(xxi) the number and the aggregate Principal Balance principal balance of all Liquidated Mortgage Loans purchased hereunder by the Seller during for the related Due Prepayment 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;; 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 aggregate amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of Liquidation Proceeds received 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 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 changePrepayment Period. 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 Closing Date. The Trustee may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03.
(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 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 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) On each Distribution Date, Inc. the Trustee shall post on its website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇\sfr, which posting shall be accessible to each Certificateholder and the Swap Counterparty, the statement prepared pursuant to paragraph (a) of this Section 4.03. Assistance in using the website can be obtained by calling the Trustee’s customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Such parties that are unable to use the website are entitled to have a monthly basispaper copy mailed to them via first class mail by providing a written request of such to the Trustee at is Corporate Trust office. The Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee shall not have any responsibility to (i) verify information provided by the Servicer to be included in such statement or (ii) include any information required to be included in such statement if the Servicer has failed to timely produce such information to the Trustee, as required pursuant hereto.
(f) No later than noon on the second Business Day prior to each Distribution Date, the Trustee will verify that no Notional Amount Test Event is scheduled to occur on the related Distribution Date. In the event a Notional Amount Test Event would otherwise occur on the related Distribution Date, the Trustee will immediately provide notice in the form of Exhibit J to the appropriate NovaStar entity and assign in $10,000,000 increments a portion of the related notional amount from the affected Swap Agreement on the day immediately preceding that Distribution Date until no Notional Amount Test Event will occur on the related Distribution Date. The Trustee shall supply an electronic tape assign the applicable notional amount from the Swap Agreement with the earliest maturity. In the event that two or more Swap Agreements have the same maturity date, which date is the earliest maturity date of the outstanding Swap Agreements, the Trustee shall assign the applicable notional amounts from the Swap Agreement with the lowest fixed rate. Once such notional amounts have been assigned back to Loan Performance and Intex Solutions the appropriate NovaStar entity, the related Swap Counterparty will have no obligation to, nor interest in, the Trust with respect to such notional amounts. Furthermore, no distributions will be made from the Supplemental Interest Trust to the related Swap Counterparty in respect of notional amounts assigned under this Section 4.03 (f). In no event shall the Trustee allow a format acceptable Notional Amount Test Event to Loan Performance and Intex Solutions occur on a monthly basisany Distribution Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Novastar Mortgage Funding Trust Series 2004-1)
Statements. (a) On each Distribution Date, the Securities Administrator Trustee shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer any NIMS Insurer and the each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer Servicer, the Swap Provider and the Servicers Basis Risk Cap Provider (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following information, in each case, with respect to 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[Reserved];
(iv) the aggregate amount of servicing compensation received by each Servicer during Servicing Fees for 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 returnsPeriod;
(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;
(vii) the Pool Balance for such Distribution Date;
(viii) for each Loan Groupthe amount of fees, expenses or indemnification amounts paid by the aggregate Principal Balance Trust Fund with an identification of the One-Year MTA 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;
(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 maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date;
(xiix) the number and aggregate unpaid principal balance of the related 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, using the OTS method;
(xiiixi) the book value (if available) 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;
(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 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 Componentsafter giving effect to any distributions made thereon, on such Distribution Date;
(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 after giving effect to any distributions made thereon, on such Distribution Date;
(xviixv) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related 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;
(xviiixvi) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date;
(xixxvii) the Available Funds with respect to each Loan GroupFunds;
(xxxviii) the Pass-Through Rate for each Class of Certificates for such Distribution Date;
(xxixix) 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 Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;
(xxiixx) 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)current Recoveries;
(xxiiixxi) current Recoveries allocable to each Loan Groupcumulative Recoveries;
(xxiv) cumulative Recoveries allocable to each Loan Group;
(xxvxxii) the amount of any Basis Risk Shortfall, if any, and for each Class after giving effect to any distributions made thereon, on such Distribution Date;
(xxiii) the related accrued interest thereonamount of any Unpaid Interest Shortfall Amount or Basis Risk Shortfalls (if applicable);
(xxiv) the Overcollateralized Amount for that Distribution Date;
(xxv) the Overcollateralization Target Amount for that Distribution Date;
(xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; andany payments made by the Basis Risk Cap Provider to the Basis Risk Cap Account made pursuant to Section 5.09;
(xxvii) payments made under the Yield Maintenance Agreements, if any; and
(xxviii) the amount of any Net Deferred Interest, if any, added Swap Payment to the Class Certificate Principal Balance or Component Principal Balance of Supplemental Interest Trust made pursuant to Section 5.10, any Net Swap Payment to the related Certificates Swap Provider made pursuant to Section 5.10, any Swap Termination Payment to the Supplemental Interest Trust made pursuant to Sections 5.10 and Principal-Only Components. any Swap Termination Payment to the Swap Provider made pursuant to Section 5.10; 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 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-▇▇▇) -▇▇▇-▇▇▇▇. 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 or the report on Form 10-D for such Distribution Date shall also include any other 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 any 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 PersonPerson or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer 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 or any NIMS Insurer was a CertificateholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. 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 (HarborView 2006-11)
Statements. (a) On each Distribution Date, the Securities Administrator Trustee 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 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 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 Month 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 PeriodReserved;
(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 PeriodReserved;
(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 AgreementsAgreement, 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 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 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 and Servicing Agreement (Greenwich HarborView 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 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]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 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 One-Month LIBOR Indexed, Six-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;
(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)(i5.01(f)(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 or Unpaid Basis Risk Shortfall, if any, and the related accrued interest thereon;
(xxvi) for each Loan Group, with respect to the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan GroupLIBOR Certificates; and
(xxviixxvi) payments made under the Yield Maintenance AgreementsAgreement, 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 “▇▇▇.▇▇▇▇▇▇▇.▇▇▇www.ctslink.com.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇▇▇301) ▇▇▇-▇▇▇▇. Parties ▇▇rties 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 c▇▇▇▇ ▇▇▇▇ ▇▇ ▇alling 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 (HarborView Mortgage Loan Trust 2004-10)
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 Certificate Administrator shall prepare and make available to each Holder of the Regular Certificates, the Swap Counterparties, 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;
(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 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 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;
(viiiiv) 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 aggregate principal balance, 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;
(xiiv) 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 (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties;
(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;
(xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvvii) 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;
(xviviii) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each class of the Class A Certificates, each class of the Mezzanine Certificates, the Class B Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date;
(xviiix) the Unpaid Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereofShortfall 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) class of the Pass-Through Rate for Class A Certificates, each class of the Mezzanine Certificates, the Class of B Certificates and the Class AIO Certificates for such Distribution Date;
(xxix) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Servicer pursuant to Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan3.25;
(xxiixi) 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)Credit Enhancement Percentage for such Distribution Date;
(xxiii) current Recoveries allocable to each Loan Group;
(xxiv) cumulative Recoveries allocable to each Loan Group;
(xxvxii) the amount Available Funds Cap Carryforward Amount for each class of any Basis Risk Shortfallthe Class A Certificates, if any, each class of the Mezzanine Certificates and the related accrued interest thereon;
(xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred InterestClass B Certificates, if any, for such Loan Group; andDistribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date;
(xxvii) payments made under the Yield Maintenance Agreements, if any; and
(xxviiixiii) the amount respective REMIC Pass-Through Rates applicable to each class of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance A Certificates, each class of the related Certificates and Principal-Only Components. The Securities Administrator will make Mezzanine Certificates, 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 partiesClass B Certificates, and the Securities Administrator shall provide timely Class AIO Certificates for such Distribution Date and adequate notification the REMIC Pass-Through Rate applicable to all parties regarding any each class of the Class A Certificates, each class of the Mezzanine Certificates and the Class B Certificates for the immediately succeeding Distribution Date;
(xiv) the Supplemental Interest Payment for each Class on such change. Distribution Date;
(xv) the difference between the Swap Notional Amount and the Underwritten Certificates (and the Class B Certificate if held by an entity unrelated to the Seller) Principal Balance on such Distribution Date; 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 Closing Date. The Certificate Administrator may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03.
(b) Within a reasonable period of time after the end of each calendar year, the Securities Certificate 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 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.a
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Novastar Mortgage Funding Trust Series 2002-1)
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 Swap Counterparties, 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;
(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 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 Pool Balance of the One-Year MTA Indexed Group I Mortgage Loans and the Group II Mortgage Loans at the Close of Business at the end of the related Due Period;
(ixiv) 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 aggregate principal balance, 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;
(xiiv) 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 (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties;
(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;
(xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvvii) 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;
(xviviii) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each class of the Class A Certificates, each class of the Mezzanine Certificates, each class of the Class B Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date;
(xviiix) the Unpaid Interest Distributable Shortfall Amount, if any, with respect to each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of Class B Certificates for such Distribution Date;
(x) 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 3.25;
(xi) the Credit Enhancement Percentage for such Distribution Date;
(xii) the Available Funds Cap Carryforward Amount in respect for each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class of CertificatesB Certificates if any, for such Distribution Date and the respective portions thereof, if any, amount remaining unpaid following after reimbursements therefor on such Distribution Date;
(xiii) the distributions made in respect respective REMIC Pass-Through Rates applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and the Class B Certificates for such Distribution Date and the REMIC Pass-Through Rate applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class B Certificates for the immediately succeeding Distribution Date;
(xiv) the Supplemental Interest Payment for each Class on such Distribution Date;
(xv) the difference between the Swap Notional Amount and the aggregate Certificate Principal Balance of the Underwritten Certificates on such Distribution Date;
(xviiixvi) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Required Overcollateralization Amount for such Distribution Date;; and
(xixxvii) the Available Funds with respect to each Loan Group;
(xx) the Pass-Through Rate for each Class of Certificates Excess Cashflow 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 Closing Date. The Trustee may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03.
(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 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 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 50 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, Inc. the Trustee shall post on its website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇\absmbs, which posting shall be accessible to each Certificateholder, the statement prepared pursuant to paragraph (a) of this Section 4.03. Assistance in using the website can be obtained by calling the Trustee's customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Such parties that are unable to use the 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 Trustee shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee shall not have any responsibility to (i) verify information provided by the Servicer to be included in such statement or (ii) include any information required to be included in such statement if the Servicer has failed to timely produce such information to the Trustee, as required pursuant hereto.
(f) No later than noon on the second Business Day prior to each Distribution Date, the Trustee will verify that no Notional Amount Test Event is scheduled to occur on the related Distribution Date. In the event a Notional Amount Test Event would otherwise occur on the related Distribution Date, the Trustee will immediately provide notice in the form of Exhibit J to the appropriate NovaStar entity and assign or reduce in $25,000,000 increments a portion of the related notional amount from the affected Swap Agreement on the day immediately preceding that Distribution Date until no Notional Amount Test Event will occur on the related Distribution Date. The Trustee shall assign or reduce the applicable notional amount from the Swap Agreement with the earliest maturity. In the event that two or more Swap Agreements have the same maturity date, which date is the earliest maturity date of the outstanding Swap Agreements, the Trustee shall assign or reduce the applicable notional amounts from the Swap Agreement(s) on a monthly pro rata basis. Once such notional amounts have been reduced or assigned back to the appropriate NovaStar entity, and the related Swap Counterparty will have no obligation to, nor interest in, the Trust with respect to such notional amounts. Furthermore, no distributions will be made from the Supplemental Interest Trust to the related Swap Counterparty in respect of notional amounts assigned or reduced under this Section 4.03 (f). In no event shall supply an electronic tape the Trustee allow a Notional Amount Test Event to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions occur on a monthly basisany Distribution Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Novastar Mortgage Funding Corp Home Eq Ln as Bk Ce Se 03 2)
Statements. (a) On each Distribution Date, the Securities Administrator Trustee shall make available to the Trustee, each Certificateholder, the Certificate Insurer, the Yield Maintenance Provider, the Seller, the Master Servicer any NIMS Insurer and the each 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. Information in the Distribution Date Statement relating to or based on amounts available in the Yield Maintenance Account shall be based on information provided by the Yield Maintenance Provider regarding any Yield Maintenance Distributable Amounts required to be paid by the Yield Maintenance Provider for the related Distribution Date pursuant to the Yield Maintenance Agreement. The Distribution Date Statement shall include the following information, in each case, with respect to 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[Reserved];
(iv) the aggregate amount of servicing compensation received by each Servicer during Servicing Fees, Credit Risk Manager Fees and Custodial Fees for 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 returnsPeriod;
(v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved];
(vii) the Loan Group Balance for each Loan Group and related the Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period;
(vii) the Pool Balance and the Loan Group Balance for such Distribution Date;
(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 amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the One-Month LIBOR 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;
(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 maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date;
(xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related 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, using the OTS method;
(xiiixii) for each Loan Group, the book value (if available) 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;
(xivxiii) for each Loan Group, the aggregate amount of any Principal Prepayments, net Principal Prepayments or other unscheduled recoveries of principal with respect to each Loan Group made during the related Prepayment Period;
(xvxiv) for each Loan Group, 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 Componentsafter giving effect to any distributions made thereon, on such Distribution Date;
(xvixv) 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;
(xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related 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;
(xviiixvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date;
(xviii) for each Loan Group, the related Available Funds;
(xix) the Available Funds with respect to for each Loan Group;
(xx) , the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date;
(xxixx) for each Loan Group, 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 Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;
(xxiixxi) for each Loan Group, 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(d);
(xxiiixxii) current Recoveries allocable to each Loan Group;
(xxivxxiii) cumulative Recoveries allocable to each Loan Group;
(xxvxxiv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest for each Class after giving effect to any distributions made thereon, on such Distribution Date;
(xxvixxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and;
(xxvi) the amount of the Certificate Insurer Reimbursement Amount, if any;
(xxvii) payments made under the Yield Maintenance AgreementsDeficiency Amount, if any; and, to be paid by the Certificate Insurer;
(xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates
(xxix) the amount of any Unpaid Interest Shortfall Amount;
(xxx) the amount of the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and the Aggregate Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates;
(xxxi) the Overcollateralized Amount for that Distribution Date;
(xxxii) the Overcollateralization Target Amount for that Distribution Date;
(xxxiii) the amount remitted by the Administrator to the Trustee pursuant to the Yield Maintenance Allocation Agreement;
(xxxiv) the payments, if any, made from the Yield Maintenance Account and the amount distributed to the LIBOR Certificates from such payments; and
(xxxv) the amount of any Class P Distributable Amount and Principal-Only Componentsthe amount of any Class ES Distributable Amount. 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 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 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 or the report on Form 10-D for such Distribution Date shall also include any other 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 any 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 PersonPerson or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer 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 or any NIMS Insurer was a CertificateholderCertificateholder and such other customary information which a Certificateholder reasonably requests to prepare its tax returns. 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 (HarborView 2006-10)
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 Servicer, the Certificate Insurer 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 the Certificates allocable to principal;
(ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of the 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 Datereserved;
(iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Remittance Period (separately identifying Servicing Fees and other servicing compensation) and such other customary information as the Trustee reasonably 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 AdvancesRemittance Period;
(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 Remittance 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) the Distribution Date, and, cumulatively, amount on deposit in the Pre-Funding Account;
(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 Losses;
(xiii) 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 Certificate Principal Balance of each Class of the Regular Certificates after giving effect to the distributions, and allocations of Realized Losses, if any, allocated made on such Distribution Date separately identifying any reduction thereof due to allocations of Realized Losses (in the case of the Subordinated Certificates and the Class C Certificates);
(xv) the Certificate Factor for each Class of the Regular Certificates or Principal-Only Componentsapplicable to such Distribution Date;
(xvi) the Accrued Certificate Interest for the Class Certificate Principal Balance or Class Certificate Notional AmountA Certificates, as applicable, of each Class of the Subordinated Certificates and the Apportioned Principal Balances of Class C Certificates for such Distribution Date and Unpaid Interest Shortfall Amount, if any, with respect to the Subordinate Class A Certificates after giving effect to any distributions made thereon, on and the Subordinated Certificates for such Distribution Date;
(xvii) the aggregate amount of any Net Prepayment Interest Distributable Amount in respect of each Class of Certificates, Shortfalls 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 Relief Act Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date;
(xix) the Available Funds with respect to each Loan GroupOvercollateralized Amount and the Excess Overcollateralization Amount for such Distribution Date;
(xx) the Pass-Through Rate for each Class of Certificates Credit Enhancement Percentage for such Distribution Date;
(xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by Net WAC Rate Carryover Amount for the Seller during Class A Certificates and the related Due PeriodMezzanine Certificates, if any, for such Distribution Date and indicating the relevant section of amount remaining unpaid after payments from the related Servicing Agreement, or the Excess Reserve Fund Account are made pursuant to Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan4.01(e);
(xxii) when 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)Stepdown Date has occurred and when a Trigger Event is in effect;
(xxiii) current Recoveries allocable the deposits to each Loan Groupand withdrawals from the Excess Reserve Fund Account on such Distribution Date;
(xxiv) cumulative Recoveries allocable to each Loan Groupthe Available Funds for such Distribution Date;
(xxv) the amount of any Basis Risk Shortfallrespective Pass-Through Rates applicable to the Class A Certificates, if any, the Subordinated Certificates and the related accrued interest thereonClass C Certificates for such Distribution Date and the respective Pass-Through Rates applicable to the Class A Certificates and the Subordinated Certificates for the immediately succeeding Distribution Date;
(xxvi) for the aggregate Notional Amount of the Class C Certificates, in each Loan Group, case after giving effect the amount of Deferred Interest and Net Deferred Interest, if any, for reductions thereof to occur on such Loan Group; andDistribution Date;
(xxvii) payments made under the Yield Maintenance Agreements, if anyamount of the Reimbursement Amount for such Distribution Date and the amount received by the Certificate Insurer in respect thereof on such Distribution Date; and
(xxviii) for 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 distribution occurring on the Distribution Date Statement immediately following the end of the 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 Certificateholders on such Distribution Date. The Trustee will make 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 Trustee, the Certificate Insurer and the other parties to this Agreement Rating Agency via the Securities AdministratorTrustee’s internet website. The Securities AdministratorTrustee’s internet website shall initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” Assistance https://www.tss.db.com/invr and 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 are entitled to have a options ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇ paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Securities Administrator shall T▇▇ ▇▇▇▇▇▇▇ ▇▇▇ll 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 (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 hypothetical Certificate having an initial Certificate Principal Balance or Notional Amount (in the case of the Cut-Off DateClass C Certificates) equal to $1,000.
(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 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. 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 and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. The Trustee shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Certificateholder, Inc. on Certificate Owner or any Person identified to the Trustee as a prospective transferee of a Certificate, originals or copies of the following items: (i) the private placement memorandum or other disclosure document relating to such Certificates, if any, in the form most recently provided to the Trustee; and (ii) in all cases, (A) this Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) all monthly basisstatements required to be delivered to Certificateholders of the relevant Class pursuant to this Section 4.02 since the Closing Date, and shall supply an electronic tape all other notices, reports, statements and written communications delivered to Loan Performance the Certificateholders of the relevant Class pursuant to this Agreement since the Closing Date, (C) all certifications delivered by a Responsible Officer of the Trustee since the Closing Date pursuant to Section 9.01(h) and Intex Solutions in (D) any and all Officers’ Certificates delivered to the Trustee by the Master Servicer since the Closing Date to evidence the Master Servicer’s determination that any Advance or Servicing Advance was, or if made, would be a format acceptable to Loan Performance Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively. Copies and Intex Solutions on a monthly basismailing of any and all of the foregoing items will be available from the Trustee upon request at the expense of the person requesting the same.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Indymac Residential Mortgage-Backed Trust, Series 2005-L1)
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]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 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 One-Month LIBOR Indexed, Six-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;
(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)(i5.01(f)(i);
(xxiii) the amount of any unpaid Basis Risk Shortfall or Unpaid Basis Risk Shortfall (if applicable) and the related accrued interest thereon, with respect to the LIBOR Certificates;
(xxiv) current Recoveries allocable to each Loan Group;; and
(xxivxxv) 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 (HarborView Mortgage Loan Trust 2004-4)
Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate Insurer, the Yield Maintenance provider, the Seller, any NIMS Insurer, the Master Servicer and the each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer, the Servicer and the Servicers Basis Risk Cap Provider (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. Information in the Distribution Date Statement relating to or based on amounts available in the Yield Maintenance Account shall be based on information provided by the Yield Maintenance Provider regarding any Yield Maintenance Distributable Amounts required to be paid by the Yield Maintenance Provider for the related Distribution Date pursuant to the Yield Maintenance Agreement. The Distribution Date Statement shall include the following information, in each case, with respect to 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[Reserved];
(iv) the aggregate amount of servicing compensation received by each Servicer during Servicing Fees, Master Servicing Fees and Credit Risk Manager Fees for 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 returnsPeriod;
(v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved];
(vii) the Loan Group Balance for each Loan Group and related the Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period;
(vii) the Pool Balance, the Pool Collateral Balance and the Loan Group Balance for such Distribution Date;
(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 amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the One-Month LIBOR 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;
(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 maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date;
(xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related 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, using the OTS method;
(xiiixii) for each Loan Group, the book value (if available) 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;
(xivxiii) for each Loan Group, the aggregate amount of any Principal Prepayments, net Principal Prepayments or other unscheduled recoveries of principal with respect to each Loan Group made during the related Prepayment Period;
(xvxiv) for each Loan Group, 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 Componentsafter giving effect to any distributions made thereon, on such Distribution Date;
(xvixv) 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;
(xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related 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;
(xviiixvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date;
(xviii) for each Loan Group, the related Available Funds;
(xix) the Available Funds with respect to for each Loan Group;
(xx) , the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date;
(xxixx) for each Loan Group, 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 Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;
(xxiixxi) for each Loan Group, 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);
(xxiiixxii) current Recoveries allocable to each Loan Group;
(xxivxxiii) cumulative Recoveries allocable to each Loan Group;
(xxvxxiv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest for each Class after giving effect to any distributions made thereon, on such Distribution Date;
(xxvixxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and;
(xxvi) the amount of the Certificate Insurer Reimbursement Amount, if any;
(xxvii) payments made under the Yield Maintenance AgreementsDeficiency Amount, if any; and, to be paid by the Certificate Insurer;
(xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates
(xxix) the amount of any Unpaid Interest Shortfall Amount;
(xxx) the amount of the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and the Aggregate Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates;
(xxxi) the Overcollateralized Amount for that Distribution Date;
(xxxii) the Overcollateralization Target Amount for that Distribution Date;
(xxxiii) the amount remitted by the Administrator to the Securities Administrator pursuant to the Yield Maintenance Allocation Agreement;
(xxxiv) the payments, if any, made from the Yield Maintenance Account and the amount distributed to the LIBOR Certificates from such payments;
(xxxv) the amount of any Class P Distributable Amount;
(xxxvi) the amount on deposit in the Prefunding Account in the aggregate and Principal-Only Componentsfor each Loan Group (including a breakdown of amounts released during the prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in Available Funds on the Distribution Date in the month following the end of the Prefunding Period) and the amount of funds remaining in the Capitalized Interest Account (after giving effect to distributions on such Distribution Date);
(xxxvii) the amount of any payments made by the Basis Risk Cap Provider to the Basis Risk Cap Account pursuant to Section 5.12; and
(xxxviii) the aggregate Principal Balance and number of Subsequent Mortgage Loans purchased in the Prefunding Period. The Securities Administrator will 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 Certificateholders, the Certificate Insurer 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 Initial Cut-Off off Date. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other 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 shall, upon written request, furnish to any 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 PersonPerson or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer 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 or any NIMS Insurer was a CertificateholderCertificateholder and such other customary information which a Certificateholder 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 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
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/sfr, 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 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 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 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) [Reserved];
(xviii) [Reserved];
(xix) the amount of the Trustee Fee paid;
(xx) the LIBOR Carryover Amounts distributed on such Distribution Date and the Unpaid Interest Shortfall Amount for portion thereof constituting LIBOR Carryover Amounts, the amount of all LIBOR Carryover Amounts covered by withdrawals from the Reserve Account and the amounts remaining after giving effect to distributions thereof on such Distribution Date;
(xixxxi) 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 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;
(xxiixxvii) the amount aggregate Principal Balance of any Principal Deficiency Amounts the Mortgage Loans repurchased by the Servicer (or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);
(xxiiiaffiliate) 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 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; andCollection Period in connection with Section 3.16.
(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 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 (▇▇▇) ▇▇▇-▇▇▇▇Prepayment Period. 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 ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ by calling the customer service desk Trustee at (877) 722-1095 and indicating such. The Securities Administrator Trustee shall have the right to change the way ▇▇▇▇▇▇ ▇▇▇ ▇▇y 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 make available to Bloomberg Financial Markets, Inc. the Residual Certificateholders 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 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
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 http://www.jpmorgan.com/sfr, 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 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 and the amount of unreimbursed AdvancesCollection Period;
(vi) [reserved];
(vii) the Pool Balance and the Loan 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) separately stated 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) separately stated for each Loan Group, 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) separately stated for each Loan Group, 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) separately stated for each Loan Group, 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) 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) 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 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, Fixed-Rate and Floating Rate Certificates for such Distribution Date Date, separately identifying the portions thereof attributable to 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;
(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) [Reserved];
(xviii) [Reserved];
(xix) the amount of the Trustee Fee paid;
(xx) the Cap Carryover Amounts distributed on such Distribution Date and the Unpaid Interest Shortfall Amount for portion thereof constituting Cap Carryover Amounts, the amount of all Cap Carryover Amounts covered by withdrawals from the Reserve Accounts and the amounts remaining after giving effect to distributions thereof on such Distribution Date;
(xixxxi) 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 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;
(xxiixxvii) the amount aggregate Principal Balance of any Principal Deficiency Amounts the Mortgage Loans repurchased by the Servicer (or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i);
(xxiiiaffiliate) 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 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 anyCollection Period in connection with Section 3.16; 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 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 (▇▇▇) ▇▇▇-▇▇▇▇Prepayment Period. 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 by ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇y calling the customer service desk Trustee at (877) 722-1095 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 make available to Bloomberg Financial Markets, Inc. the Residual Certificateholders 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 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
Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, the Master Servicer Servicer, the Trustee and the each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers Servicers, (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following, in each case, with respect to 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 Servicing Fees, Credit Risk Management Fees and Master Servicing Fees for 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 returnsPeriod;
(v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved]weighted average remaining term to maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due 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 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 OneSix-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period;
(ix) the amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the general purpose of such amounts and the party receiving such amounts;
(x) for each Loan Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of Prepayment Premium Amounts for the related Due Prepayment 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, Loans (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, in each case, using the MBA method;
(xiiixii) the book value (if available) 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;
(xivxiii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvxiv) 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 ComponentsCertificates;
(xvixv) 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 after giving effect to any distributions made thereon, on such Distribution Date;
(xviixvi) the Current Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions portion 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 Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date;
(xixxviii) the Available Funds with respect to each Loan GroupFunds;
(xxxix) the Pass-Through Rate for each Class of Certificates for such Distribution Date;
(xxixx) 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;
(xxiixxi) 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)current and cumulative Recoveries for such Distribution Date;
(xxiii) current Recoveries allocable to each Loan Group;
(xxiv) cumulative Recoveries allocable to each Loan Group;
(xxvxxii) the amount of any Basis Risk Shortfall, if any, and for each Class after giving effect to any distributions made thereon, on such Distribution Date
(xxiii) the related accrued interest thereonFinal Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates;
(xxvixxiv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interestpayments, if any, for made from the Yield Maintenance Account and the amount distributed to the LIBOR Certificates from such Loan Grouppayments; and
(xxvii) payments made under the Yield Maintenance Agreements, if any; and
(xxviiixxv) the amount of Net Deferred Interest, if any, added to the any Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsP Distributable Amount for such Distribution Date. The Securities Administrator will 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 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. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other 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 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 CertificateholderCertificateholder and such other customary information which a Certificateholder 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 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 (HarborView 2006-13)
Statements. (a) On each Distribution Date, the Securities Administrator Trustee shall make available to the Trustee, each Certificateholder, the SellerCertificate Insurer, 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 Percentage, Senior Prepayment Percentage, Group 1 Subordinate Percentage, Group 2 Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group Subgroup for the following 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) [reserved];
(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 GroupGroup and Loan Subgroup, 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) 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 PeriodReserved;
(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 PeriodReserved;
(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 Loans 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 ComponentsCertificates;
(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; and
(xxix) the amount of the Certificate Insurer Reimbursement Amount, if any; and
(xxx) the Deficiency Amount, if any, to be paid by the Certificate Insurer. 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 and Servicing Agreement (Greenwich Capital Acceptance Inc)
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 make available to each Holder of the Regular Certificates, the Seller, the Servicer and the Servicers Rating Agencies, a statement (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 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) [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 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;
(xiix) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (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 Close of business Business on the last day of the calendar month preceding calendar monthsuch Distribution Date;
(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 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 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 (other than the Class X Certificates) and the Apportioned Principal Balances Class X Certificate Notional Balance of the Subordinate Certificates Class X Certificates, after giving effect to any distributions made thereon, on such Distribution Date;
(xviixv) the Interest Distributable Amount in respect of each Class of the 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;
(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 Servicer pursuant to Section 3.24 hereof;
(xixxvii) the Available Funds with respect to each Loan GroupFunds;
(xxxviii) the Pass-Through Rate for each Class of Certificates for such Distribution Date;; and
(xxixix) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Servicer or 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, 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 Principal Balance of the related Certificates and Principal-Only Components. 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 Administrator’s Trustee's internet websitewebsite and will forward the Distribution Date Statement to each Rating Agency. 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 options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating suchrequesting same. The Securities Administrator Trustee shall have the right to change the way such reports Distribution Date 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 the above parties regarding any such changechanges. The Trustee's obligations pursuant to this Section 4.04 are limited to the extent of its receipt of all necessary information from the Servicer. 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 (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. In addition, certain additional information as agreed upon by the Servicer will be provided by the Trustee to a Certificateholder upon the request of such Certificateholder.
(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 basisInc.
(d) [Reserved].
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)
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, Group 1 Subordinate Percentage, Group 2 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 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 and the COFI 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 PeriodReserved;
(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 PeriodReserved;
(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 Loans 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 ComponentsCertificates;
(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)[reserved;
(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 AgreementsAgreement, 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 ComponentsCertificates. 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 (HarborView Mortgage Loan Trust 2005-7)
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 information obtained from provided to it by the Master Servicer, the Certificate 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;
(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 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 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;
(viiiiv) 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 aggregate principal balance, 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;
(xiiv) 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 (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties;
(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;
(xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvvii) 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;
(xviviii) the Class Certificate Principal Balance or of the Class Certificate Notional AmountA-1 Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date;
(xviiix) the Unpaid Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereofShortfall 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-1 Certificates, the Mezzanine Certificates and the Class AIO Certificates for such Distribution Date;
(xxix) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Servicer pursuant to Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan3.25;
(xxiixi) 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)Credit Enhancement Percentage for such Distribution Date;
(xxiii) current Recoveries allocable to each Loan Group;
(xxiv) cumulative Recoveries allocable to each Loan Group;
(xxvxii) the amount of any Basis Risk Shortfall, if any, Available Funds Cap Carryforward Amount for the Class A-1 Certificates and the related accrued interest thereon;
(xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred InterestMezzanine Certificates, if any, for such Loan GroupDistribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; and
(xxvii) payments made under the Yield Maintenance Agreements, if any; and
(xxviiixiii) the amount of Net Deferred Interest, if any, added respective REMIC Pass-Through Rates applicable to the Class Certificate Principal Balance or Component Principal Balance of A-1 Certificates, the related Mezzanine Certificates and Principal-Only Components. The Securities Administrator will make the Class AIO Certificates for such 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 (▇▇▇) ▇▇▇REMIC Pass-▇▇▇▇. 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 Through Rate applicable to the parties, Class A-1 Certificates and the Securities Administrator shall provide timely and adequate notification to all parties regarding any such changeMezzanine Certificates for the immediately succeeding Distribution Date. 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 Closing Date. The Certificate Administrator may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03.
(b) Within a reasonable period of time after the end of each calendar year, the Securities Certificate 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 Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Certificate 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 Certificate Administrator shall supply an electronic tape forward 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 Certificate Administrator deems necessary or appropriate.
(d) Within a reasonable period of time after the end of each calendar year, Inc. the Certificate 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 Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Certificate Administrator pursuant to any requirements of the Code as from time to time in force.
(e) No later than noon on the Business Day prior to each Distribution Date, Inc. on a monthly basisthe Certificate Administrator shall forward, and by facsimile transmission, the statement prepared pursuant to paragraph (a) of this Section 4.03, together with all other information reasonably necessary to make the distributions pursuant to Section 4.01 of this Agreement, to the Trustee. On each Distribution Date, the Trustee shall supply an electronic tape forward by mail to Loan Performance and Intex Solutions in a format acceptable each Certificateholder the statement prepared pursuant to Loan Performance and Intex Solutions on a monthly basisparagraph (a) of this Section 4.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Novastar Mortgage Funding Corp)
Statements. (a) On each Distribution Date, the Securities Administrator Trustee shall make available to the Trustee, each Certificateholder, the SellerCertificate Insurers, 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 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 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 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) 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 PeriodReserved;
(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 PeriodReserved;
(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 Loans 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 ComponentsCertificates;
(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 and Monthly 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 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; and
(xxix) the amount of the Certificate Insurer Reimbursement Amount due to each Certificate Insurer, if any; and
(xxx) the Deficiency Amount, if any, to be paid by a Certificate Insurer. 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 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 Insurers 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 2005-9)
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 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 Balance and the Loan Group 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) 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 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 AgreementsAgreement, 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 (Mortgage Loan Pass-Through Certificates Series 2005-12)
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 Certificate 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;
(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 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 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;
(viiiiv) 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 aggregate principal balance, 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;
(xiiv) 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 (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties;
(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;
(xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvvii) 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;
(xviviii) the Class Certificate Principal Balance or of the Class Certificate Notional AmountA-1 Certificates, as applicable, of each Class of the Mezzanine Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date;
(xviiix) the Unpaid Interest Distributable Amount in respect of each Class of Certificates, for such Distribution Date and the respective portions thereofShortfall 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-1 Certificates, the Mezzanine Certificates and the Class AIO Certificates for such Distribution Date;
(xxix) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder any Prepayment Interest Shortfalls for such Distribution Date, to the extent not covered by payments by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Servicer pursuant to Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan3.25;
(xxiixi) 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)Credit Enhancement Percentage for such Distribution Date;
(xxiii) current Recoveries allocable to each Loan Group;
(xxiv) cumulative Recoveries allocable to each Loan Group;
(xxvxii) the amount of any Basis Risk Shortfall, if any, Available Funds Cap Carryforward Amount for the Class A-1 Certificates and the related accrued interest thereon;
(xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred InterestMezzanine Certificates, if any, for such Loan Group; andDistribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date;
(xxvii) payments made under the Yield Maintenance Agreements, if any; and
(xxviiixiii) the amount of Net Deferred Interest, if any, added respective REMIC Pass-Through Rates applicable to the Class Certificate Principal Balance or Component Principal Balance of A-1 Certificates, the related Mezzanine Certificates and Principal-Only Components. The Securities Administrator will make the Class AIO Certificates for such 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 (▇▇▇) ▇▇▇REMIC Pass-▇▇▇▇. 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 Through Rate applicable to the parties, Class A-1 Certificates and the Securities Administrator shall provide timely and adequate notification to all parties regarding any Mezzanine Certificates for the immediately succeeding Distribution Date;
(xiv) the Supplemental Interest Payment for each Class on such change. Distribution Date; 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 Closing Date. The Certificate Administrator may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03.
(b) Within a reasonable period of time after the end of each calendar year, the Securities Certificate 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 Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Securities Certificate 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 Certificate Administrator shall supply an electronic tape forward 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 Certificate Administrator deems necessary or appropriate.
(d) Within a reasonable period of time after the end of each calendar year, Inc. the Certificate 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 Marketsthe previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Certificateholders by the Certificate Administrator pursuant to any requirements of the Code as from time to time in force.
(e) No later than noon on the Business Day prior to each Distribution Date, Inc. on a monthly basisthe Certificate Administrator shall forward, and by facsimile transmission, the statement prepared pursuant to paragraph (a) of this Section 4.03, together with all other information reasonably necessary to make the distributions pursuant to Section 4.01 of this Agreement, to the Trustee. On each Distribution Date, the Trustee shall supply an electronic tape forward by mail to Loan Performance and Intex Solutions each Certificateholder the statement prepared pursuant to paragraph (a) of this Section 4.03. Neither the Trustee nor the Certificate Administrator shall have any responsibility to (i) verify information provided by the Servicer to be included in a format acceptable such statement or (ii) include any information required to Loan Performance and Intex Solutions on a monthly basisbe included in such statement if the Servicer has failed to timely produce such information to the Certificate Administrator, as required pursuant hereto.
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, the Trustee shall make available to each Holder of the Regular Certificates, the Seller, each Servicer and the Servicers Rating Agencies, a statement (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 Pool Balance and related Net WAC and Net WAC Cap for each Loan Group all 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-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 One-Six 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[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, Loans (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 Close of business Business on the last day of the preceding calendar monthrelated Determination Date;
(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 (other than the Class X-1 and Class X-2 Certificates) and the Apportioned Principal Class Certificate Notional Balances of the Subordinate Certificates Class X-1 and Class X-2 Certificates, in each case 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 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 applicable terms of their respective Servicing Contracts;
(xix) the Available Funds with respect to each Loan GroupFunds;
(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 each Servicer or the Seller during the related Due Period, and indicating the relevant section of the related Servicing AgreementContract, 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 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 Administrator’s Trustee's internet websitewebsite and its fax-on-demand service and will forward the Distribution Date Statement to each Rating Agency. The Securities Administrator’s Trustee's fax-on-demand service may be accessed through the fax number ▇▇▇-▇▇▇-▇▇▇▇. The Trustee's internet website shall initially be located at “"▇▇▇▇://▇▇▇-▇▇▇▇.▇▇▇.▇▇▇▇▇▇▇▇-▇▇▇▇.▇▇▇.” /invr". 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 suchrequesting same. The Securities Administrator Trustee shall have the right to change the way such reports Distribution Date 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 the above parties regarding any such changechanges. The Trustee's obligations pursuant to this Section 4.04 are limited to the extent of its receipt of all necessary information from each Servicer. The Trustee may fully rely upon and shall have no liability with respect to information provided by any Servicer. 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 Mortgage Information Corporation in a format acceptable to Loan Performance and Intex Solutions Mortgage Information Corporation on a monthly basis.
(d) On each Distribution Date, the Trustee shall supply an electronic tape to the Seller containing the following with respect to each Mortgage Loan:
(i) the Mortgage Loan identifying number;
(ii) whether such Mortgage Loan is a Bank of America Loan, a Cendant Loan, a MLCC Loan or a WAMU Loan (and in the case of any MLCC Loan, whether such loan is a Servicing Transferred Loan);
(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) the Stated Principal Balance of the Mortgage Loan as of the end of the related Due Period, but only to the extent of principal actually received, not advanced;
(xi) the aggregate of all interest received on the Mortgage Loan, including Advances;
(xii) the related Servicing Fee;
(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) an indication as to whether the obligor on the Mortgage Loan is in bankruptcy;
(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, 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) the date after which the Stated Principal Balance of the Mortgage Loan is zero;
(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 Prepayment 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, 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 make available to each Holder of the Regular Certificates, the Servicer and the Servicers Rating Agencies, a statement (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 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) [reserved];
(vii) the Loan Group Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and related Net WAC and Net WAC Cap for the Bankruptcy Loss Coverage Amount, each Loan Group at the Close of Business at the end as of the related Due PeriodDetermination Date;
(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 PeriodNet WAC;
(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 Rate of the related Mortgage Loans as of the related Due Date;
(xiix) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (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 Close of business Business on the last day of the calendar month preceding calendar monthsuch Distribution Date;
(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 Period;
(xivxii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvxiii) any Net WAC Carryover Amount for such Distribution Date and any Net WAC Carryover Amount remaining unpaid after giving effect to the distributions on such Distribution Date;
(xiv) 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;
(xvixv) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates (other than the Class X Certificates) and the Apportioned Principal Balances Class X Certificate Notional Balance of the Subordinate Class X Certificates after giving effect to any distributions made thereon, thereon on such Distribution Date;
(xviixvi) the Interest Distributable Amount in respect of each Class of the 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;
(xviiixvii) 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 Servicer pursuant to Section 3.24 hereof;
(xviii) the Available Funds;
(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
(xxixx) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Servicer or 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, 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 Principal Balance of the related Certificates and Principal-Only Components. 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 Administrator’s Trustee's internet websitewebsite and will forward the Distribution Date Statement to each Rating Agency. The Securities Administrator’s Trustee's internet website shall initially be located at “"www.ctslink.com". Assistance in using the website or the fax-on-dem▇▇▇.▇ ▇▇▇▇▇▇▇.▇ ▇▇▇.” 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 distributi▇▇ ▇▇▇▇▇▇ ▇▇▇ entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating suchrequesting same. The Securities Administrator Trustee shall have the right to change the way such reports Distribution Date 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 the above parties regarding any such changechanges. The Trustee's obligations pursuant to this Section 4.04 are limited to the extent of its receipt of all necessary information from the Servicer. 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 (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 (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.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc MRT Ln Ps Th CRT Sr 01 Frb1)
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]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 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 One-Month LIBOR Indexed, Six-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;
(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)(i5.01(f)(i);; and
(xxiii) current Recoveries allocable to each Loan Group;
(xxiv) cumulative Recoveries allocable to each Loan Group;
(xxv) the amount of any unpaid Basis Risk Shortfall, Shortfall or Unpaid Basis Risk Shortfall (if any, applicable) 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 with respect to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal1-Only ComponentsA Certificates. 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 (Greenwich Capital Accept Inc Harborview Mort Loan Tr 2003 2)
Statements. (a) On Concurrently with each Distribution Datedistribution to Certificateholders, the Securities Administrator shall make available to the Trustee, each Certificateholder, 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 (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following:
(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 returnsPeriod;
(v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesAdvances as reported by each Servicer;
(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;
(viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period;
(viii) 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;
(ix) for each Loan Group, the aggregate Principal Balance amount of the One-Month LIBOR Indexed Mortgage Loans at Master Servicer Fees paid to or retained by the Close of Business at the end of the related Due PeriodMaster Servicer;
(x) for each Loan Group, the aggregate Principal Balance amount of Servicing Fees paid to or retained by the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due PeriodServicers;
(xi) to the extent that such amounts are paid out of the Distribution Account, the amount of fees, expenses or indemnification amounts paid by the Trust with an identification of the general purpose of such amounts and the party receiving such amounts;
(xii) for each Loan Group, the number, weighted average remaining term to maturity maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date;
(xiixiii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each 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;
(xiiixiv) 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 delinquency rate for that Distribution Date, and, cumulatively, ;
(xv) 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;
(xivxvi) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period;
(xvxvii) the aggregate amount of Realized Losses for each Loan Group and Recoveries incurred during the related Due Period and the cumulative amount of Realized Losses and Recoveries as of such Distribution Date;
(xviii) the cumulative amount of Realized LossesLosses for each Loan Group;
(xix) the Realized Losses and Recoveries, if any, allocated to each Class of Certificates or Principal-Only Componentson the related Distribution Date;
(xvixx) 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;
(xviixxi) 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;
(xviiixxii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date;
(xixxxiii) the Available Funds with respect to each Loan Group;
(xxxxiv) the Pass-Through Rate for each Class of Certificates for such Distribution DateDate and the level of LIBOR used to determine the applicable Pass-Through Rate;
(xxixxv) 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;
(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)(i5.01(f)(i);
(xxiii) current Recoveries allocable to each Loan Group;
(xxiv) cumulative Recoveries allocable to each Loan Group;
(xxvxxvii) the amount total number of any Basis Risk Shortfall, if any, Mortgage Loans in the aggregate and the related accrued interest thereon;
aggregate Stated Principal Balance for the Group 1 Mortgage Loans (xxvi) also separately stating such information for each Loan Groupthe Adjustable Rate Mortgage Loans, the amount Three-Year Hybrid Mortgage Loans and the Five-Year Hybrid Mortgage Loans), the Group 2 Mortgage Loans and the Group 3 Mortgage Loans, in each case at the close of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and
(xxvii) payments made under business at the Yield Maintenance Agreements, if anyend of the related Due Period; and
(xxviii) the amount of Net Deferred Interest, if any, added to the any Class Certificate Principal Balance or Component Principal Balance of the related Certificates and Principal-Only ComponentsES Distributable Amount. 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 (▇▇▇) ▇▇▇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 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 ), (iiiii) and (xxiiv) above, aggregated for such calendar year or applicable portion thereof during which such Person was a CertificateholderCertificateholder and such other customary information which a Certificateholder 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 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 (Thornburg Mortgage Securities Trust 2007-4)
Statements. (a) On Two Business Days prior to each Distribution Date, the Securities Administrator shall make available to the Trustee, and concurrently with each distribution to Certificateholders, the Securities Administrator shall make available to each Certificateholder, the Seller, the Master Servicer Servicer, the Trustee and the Rating Agency, 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 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 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;
(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;; 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)(i5.01(f)(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.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc Thorn Mort Sec Tr 2003-1)
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 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 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 related 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 Group;payments, if any, made under the Cap Contract; and
(xxiv) cumulative Recoveries allocable to each Loan Group;the amount on deposit in the Pre-Funding Account and the Interest Coverage Account; 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 Pre-Funding Account that has not been used to purchase Subsequent Mortgage Loans, as applicable, and that is being distributed to the 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 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 2005-2)
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 make available to each Holder of the Regular Certificates, the Servicer and the Servicers Rating Agencies, a statement (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 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) [reserved];
(vii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date;
(viii) the Loan Group Balance and related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at on 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 last Business at the end Day of the related Due Period;
(ix) for Net WAC with respect to 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 Rate of the related Mortgage Loans in each Loan Group as of the related Due Date;
(xiixi) separately stated for each Loan Group, the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (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 Close of business Business on the last day of the calendar month preceding calendar monthsuch Distribution Date;
(xiiixii) separately for each Loan Group, 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;
(xivxiii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xiv) [reserved];
(xv) separately for each Loan Group, 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 (other than the Apportioned Principal Balances of the Subordinate Certificates Class X Certificates) after giving effect to any distributions made thereonthereon on such Distribution Date, on and the Class Certificate Notional Balance of the Class X Certificates as of such Distribution Date;
(xvii) the Interest Distributable Amount in respect of each Class of the 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 Prepayment Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24 hereof, in each case by Loan Group;
(xix) the Loan Group 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 Servicer or the Seller during the related Due PeriodPeriod with respect to each Loan Group, 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 Principal Balance of the related Certificates and Principal-Only Components. 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 Administrator’s Trustee's internet websitewebsite and will forward the Distribution Date Statement to each Rating Agency. The Securities Administrator’s Trustee's internet website shall initially be located at “"www.ctslink.com". Assistance in u▇▇▇.▇ ▇▇▇ ▇▇▇▇▇▇▇.▇▇▇.” Assistance in using e or 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 ▇▇▇▇. 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 suchrequesting same. The Securities Administrator Trustee shall have the right to change the way such reports Distribution Date 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 the above parties regarding any such changechanges. The Trustee's obligations pursuant to this Section 4.04 are limited to the extent of its receipt of all necessary information from the Servicer. 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 (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 (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 or before January 31 of each Distribution Dateyear, the Securities Administrator Servicer, on behalf of the Trust, shall supply an electronic tape provide the Trustee with written notice listing all Distribution Date Statements with respect to Bloomberg Financial Markets, Inc. Distribution Dates occurring in the prior calendar year that were included in a format acceptable Form 8-K filing pursuant to Bloomberg Financial MarketsSection 3.22(b), Inc. on provided, that if no Form 10-K is required to be filed for such prior calendar year, no written notice shall be required. No later than March 15 of each year in which such written notice is provided by the Servicer to the Trustee, the Trustee shall sign a monthly basiscertification (in the form attached hereto as Exhibit P), 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 basisfor the benefit of the Person(s) signing the Form 10-K Certification, regarding certain aspects Form 10-K Certification.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)
Statements. (a) On each Distribution Each month, not later than 12:00 noon New York time on the Determination Date, the Securities Certificate Administrator shall make available to prepare a report signed by an officer of the TrusteeCertificate Administrator (a "Certificate Administrator's Report") stating the date (day, each Certificateholdermonth and year), the SellerSeries number of the Certificates, the Master Servicer date of this Agreement, and the Rating Agency, a statement based, as applicable, following (based solely on loan-level the information obtained received from the Master Servicer and in the Servicers (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date:Servicer's monthly computer tape):
(i) the amount of Available Funds for the distribution made on such related 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 Class Principal Balances for each Class of Certificates allocable to interestor, in the case of the first Determination Date, the Original Principal Balance for each Class of Certificates;
(iii) the Senior PercentagePrincipal Distribution Amounts for the related Distribution Date, Senior Prepayment Percentage, Subordinate Percentage in the aggregate and Subordinate Prepayment Percentage with respect listed separately for the portions relating to each Loan Group for the following Distribution DateClass of Certificates;
(iv) the aggregate amount of servicing compensation received by each Servicer during Overcollateralization Amount and Targeted Overcollateralization Amount for 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 returnsDistribution Date;
(v) the aggregate amount number and Principal Balances of Advances for all Mortgage Loans which were the related Due Period and subject of Principal Prepayments during the amount of unreimbursed AdvancesCollection Period;
(vi) [reserved]the amount of all Curtailments which were received during the Collection Period;
(vii) the Loan Group Balance aggregate amount of all Excess Payments and related Net WAC and Net WAC Cap for each Loan Group at the Close amounts of Business at Monthly Payments in respect of principal received during the end of the related Due Collection Period;
(viii) for each Loan Group, the aggregate Principal Balance amount of interest received on the One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due PeriodLoans;
(ix) for each Loan Groupthe amount of the Monthly Advances to be made on the Determination Date, the aggregate Principal Balance portion of the One-Month LIBOR Indexed Mortgage Loans at Monthly Advances to be deposited in the Close of Business at Certificate Account pursuant to Section 6.01(a)(ii), and the end of Compensating Interest payment to be made on the related Due PeriodDetermination Date;
(x) for each Loan Group, the aggregate Principal Balance of delinquency and foreclosure information set forth in the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Periodform attached hereto as Exhibit I;
(xi) for each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate amount of any Realized Losses incurred during the related Mortgage Loans as of the related Due DateCollection Period;
(xii) the number and aggregate unpaid principal balance of Mortgage Loans, in Current Interest for the aggregate and Distribution Date for each Loan Group, (a) 30 Class of Certificates and any Interest Shortfall Carryforward Amount relating 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 Class of the close of business on the last day of the preceding calendar monthCertificates;
(xiii) the book value of any REO Property as of Reimbursable Amounts and amounts payable to the Close of Business on the last Business Day of the calendar month preceding Class X Certificates pursuant to Sections 6.04(d) with respect to 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 Class Principal Balance for each Class of Certificates and the Principal Prepayments with respect Balance after giving effect to each Loan Group the distribution to be made during on the related Prepayment PeriodDistribution Date and after allocation of Realized Losses made on such Distribution Date;
(xv) the aggregate amount of Cumulative Realized Losses incurred during with respect to 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 ComponentsDistribution Date;
(xvi) the Supplemental Interest Amount for the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of A-2 Certificates and with respect to 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 CertificatesServicing Fees, for such Distribution Date and amounts to be deposited to the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution DateExpense Account;
(xviii) the aggregate amount of any Net Interest Shortfalls all payments and reimbursements to the Unpaid Interest Shortfall Amount for such Distribution DateServicer pursuant to Section 5.04(b), (c), (d)(ii), (e) and (f);
(xix) the Available Funds with respect to each Loan Groupweighted average maturity and weighted average Mortgage Interest Rate of the Mortgage Loans for the related Collection Period, and the weighted average Mortgage Interest Rate for the prior three month period;
(xx) the Pass-Through Rate for each Class of Certificates with respect to the Distribution Date and if the Pass-Through Rate for any Class of Certificates was based on the Pool Cap (or in the case of the Class A-2 Certificates, the Fixed Cap), what it would have been without regard to the Pool Cap (or Fixed Cap);
(xxi) the rate of LIBOR with respect to the Distribution Date;
(xxii) the Pool Cap with respect to the Distribution Date;
(xxiii) if the Pass-Through Rate for the Class A-2 Certificates for such Distribution Date is based on the Fixed Cap, the amount of any remaining Supplemental Interest Amount for such Class after any Supplemental Interest Payments are made for such Distribution Date;
(xxixxiv) with respect to the aggregate Principal Balance of Mortgage Loans purchased hereunder by Class A-2 Certificates, the Seller during the related Due Period, and indicating the relevant section amount of the related Servicing Agreementdistribution, or if any, allocable to Supplemental Interest Amount and the Section amount of this Agreement, as applicable, requiring or allowing the purchase of each any Supplemental Interest Amount for all prior Distribution Dates after giving effect to such Mortgage Loandistribution;
(xxiixxv) whether the Trigger Event is in effect;
(xxvi) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid Applied Realized Loss Amount with respect to an Undercollateralized Group or amounts paid pursuant each Class of Certificates, the amount of Realized Losses for the related Collection Period with respect to Section 5.01(e)(i)the Mortgage Loans, and the amount of Cumulative Realized Losses on the Mortgage Loans as of the close of such Distribution Date;
(xxiii) current Recoveries allocable to each Loan Group;
(xxiv) cumulative Recoveries allocable to each Loan Group;
(xxvxxvii) 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, Accelerated Principal Distribution Amount for such Loan Group; and
(xxvii) payments made under the Yield Maintenance Agreements, if any; andDistribution Date;
(xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component number and Principal Balance of all Defaulted Mortgage Loans purchased during the related Certificates and Principal-Only ComponentsCollection Period;
(xxix) the Overcollaterization Amount for the applicable Distribution Date;
(xxx) such other information as the Trustee may reasonably require. The Securities Certificate Administrator will make the Distribution Date Statement (and, at its option, any additional files containing the same information in an alternative format) report to Certificateholders available each month to Certificateholders and the other parties to this Agreement via the Securities Certificate Administrator’s 's internet website. The Securities Certificate Administrator’s 's internet website shall will initially be located at “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” "www.firstlinkabs.com". Assistance in using the website can be obtained by calling the Securities obtaine▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇tificate Administrator’s 's customer service desk at (▇▇▇) ▇▇▇704-▇▇▇▇383-9568. Parties that are unable to use the above distribution option are entitled m▇▇▇▇▇ ▇▇▇ ▇▇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 Trustee shall have the right to change the way forward such reports are distributed in order to make such distribution more convenient and/or more accessible report to the partiesCertificateholders on the Distribution Date, together, if requested by a Certificateholder, with a separate report indicating the amount of funds deposited in the Certificate Account pursuant to Section 6.01(a); and the Securities Administrator shall provide timely amounts which are reimbursable to the Servicer or the Seller, as appropriate, pursuant to Sections 6.02(c)(i) and adequate notification to all parties regarding any such change6.02(c)(ii). In the discretion of the Certificate Administrator, in the case of certain information furnished pursuant to subclauses (i) and (ii) abovethe above provisions, the amounts shall be expressed in a separate section Section of the report as a dollar amount for each Class for each per $1,000 25,000 original dollar amount as of the Cut-Off Date. Each month, not later than the third Business Day prior to the Determination Date occurring in such month, the Servicer shall deliver to the Certificate Administrator the Servicer's Monthly Computer Tape in the form attached hereto as Exhibit J (both in hard copy and in computer tape form). The Certificate Administrator may rely fully upon and shall have no liability with respect to any information provided to it by the Servicer. The Certificate Administrator shall not be obligated to verify, recompute, reconcile or confirm any information contained in the Servicer's Monthly Computer Tape or otherwise provided by the Servicer. In making any payments or distributions required to be made by them pursuant to any of the provisions hereof, the Certificate Administrator shall make such payments and distributions based solely upon the information contained in the Servicer's Monthly Computer Tape or, if such information is not included in the Servicer's Monthly Computer Tape, upon written instructions of the Servicer. The Trustee may rely fully upon and shall have no liability with respect to any such information provided to it by the Servicer or the Certificate Administrator. The Trustee shall not be obligated to verify, recompute, reconcile or confirm any information contained in any Certificate Administrator's Report or otherwise provided by the Certificate Administrator or the Servicer.
(b) Within a reasonable period of time after the end of each calendar year, the Securities Certificate Administrator shall, upon written request, shall furnish to each Person who at any time during the calendar year was a Certificateholder and who so requests the amount of a Regular Certificate, if requested in writing by interest and principal distributed with respect to each Class of Certificates plus such Person, such other customary information as is reasonably the Certificate Administrator determines to be necessary and/or required by the Internal Revenue Service to provide enable the Certificateholders to such Person a statement containing the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated prepare their tax returns for such calendar year or applicable portion thereof during which such Person was a Certificateholderyear. Such obligation of the Securities Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished provided by the Securities Certificate Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to timetime are in force.
(c) On each Distribution Date, the Securities Certificate Administrator shall supply an electronic tape make available to Bloomberg Financial Marketsthe Class X and Class R Certificateholders a copy of the report forwarded to the Certificateholders in respect of such Distribution Date, Inc. as the case may be, and a statement, prepared by the Servicer or the Certificate Administrator, setting forth the amounts actually distributed to the Class X and Class R Certificateholders, on such Distribution Date together with such other information as the Servicer or Certificate Administrator provides and deems necessary or appropriate.
(d) Within a reasonable period of time after the end of each calendar year, the Certificate Administrator shall distribute to each Person who at any time during the calendar year was a Class X or Class R Certificateholder and who so requests 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 X or R Certificateholder, as applicable. Such obligation of the Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Certificate Administrator pursuant to any requirements of the Code as from time to time in force.
(e) Upon reasonable advance notice in writing, the Servicer will provide to each Certificateholder which is a savings and loan association, bank or insurance company certain reports and access to information and documentation regarding the Mortgage Loans sufficient to permit such Certificateholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in the Certificates.
(f) The Servicer shall furnish to each Certificateholder, 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 as the Certificateholder may reasonably require; provided, that the Servicer shall be entitled to be reimbursed by such Certificateholder for the Servicer's actual expenses incurred in providing such reports if such reports are not producible in the ordinary course of the Servicer's business.
(g) The Certificate Administrator shall, on behalf of the Trust Fund, prepare, sign and file with the Securities and Exchange Commission any and all reports, statements and information respecting the Trust which the Depositor determines are required to be filed with the Securities and Exchange Commission pursuant to Sections 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, each such report, statement and information to be filed on or prior to the required filing date for such report, statement or information. Upon the request of the Certificate Administrator, each of the Servicer and the Depositor shall cooperate with the Certificate Administrator in the preparation of any such report and shall provide to the Certificate Administrator in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, timely manner all such information or documentation as the Certificate Administrator may reasonably request in connection with the performance of its duties 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 basisobligations under this Section 6.06(g).
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 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/sfr, 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 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 and the amount of unreimbursed AdvancesCollection Period;
(vi) [reserved];
(vii) the Pool Balance and the Loan 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) separately stated 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) separately stated for each Loan Group, 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) separately stated for each Loan Group, with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan 103 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) separately stated for each Loan Group, 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) 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) 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 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 Class B-4 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) [Reserved];
(xviii) [Reserved];
(xix) the amount of the Trustee Fee paid;
(xx) the LIBOR Carryover Amounts distributed on such Distribution Date and the Unpaid Interest Shortfall Amount for portion thereof covered by withdrawals from the Reserve Account and the amounts remaining after giving effect to distributions thereof on such Distribution Date;
(xixxxi) 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 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 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 t▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ 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 t▇ ▇▇▇▇▇▇ ▇▇▇ ▇ay 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 make available to Bloomberg Financial Markets, Inc. the Residual Certificateholders 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 Residual 105 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 (Merrill Lynch Mortgage Investors Inc)
Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate Insurer, the Yield Maintenance provider, the Seller, any NIMS Insurer, the Master Servicer and the each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer Servicer, the Senior Basis Risk Cap Provider, the Subordinate Basis Risk Cap Provider and the Servicers Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. Information in the Distribution Date Statement relating to or based on amounts available in the Yield Maintenance Account shall be based on information provided by the Yield Maintenance Provider regarding any Yield Maintenance Distributable Amounts required to be paid by the Yield Maintenance Provider for the related Distribution Date pursuant to the Yield Maintenance Agreement. The Distribution Date Statement shall include the following information, in each case, with respect to 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[Reserved];
(iv) the aggregate amount of servicing compensation received by each Servicer during Servicing Fees, Subservicing Fees, Master Servicing Fees and Credit Risk Manager Fees for 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 returnsPeriod;
(v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved];
(vii) the Loan Group Balance for each Loan Group and related the Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period;
(vii) the Pool Balance, the Pool Collateral Balance and the Loan Group Balance for such Distribution Date;
(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 amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the One-Month LIBOR 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;
(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 maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date;
(xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related 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, using the OTS method;
(xiiixii) for each Loan Group, the book value (if available) 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;
(xivxiii) for each Loan Group, the aggregate amount of any Principal Prepayments, net Principal Prepayments or other unscheduled recoveries of principal with respect to each Loan Group made during the related Prepayment Period;
(xvxiv) for each Loan Group, 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 Componentsafter giving effect to any distributions made thereon, on such Distribution Date;
(xvixv) 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;
(xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related 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;
(xviiixvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date;
(xviii) for each Loan Group, the related Available Funds;
(xix) the Available Funds with respect to for each Loan Group;
(xx) , the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date;
(xxixx) for each Loan Group, 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 Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;
(xxiixxi) for each Loan Group, 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);
(xxiiixxii) current Recoveries allocable to each Loan Group;
(xxivxxiii) cumulative Recoveries allocable to each Loan Group;
(xxvxxiv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest for each Class after giving effect to any distributions made thereon, on such Distribution Date;
(xxvixxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and;
(xxvi) the amount of the Certificate Insurer Reimbursement Amount, if any;
(xxvii) payments made under the Yield Maintenance AgreementsDeficiency Amount, if any; and, to be paid by the Certificate Insurer;
(xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the Certificates
(xxix) the amount of any Unpaid Interest Shortfall Amount;
(xxx) the amount of the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and the Aggregate Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates;
(xxxi) the Overcollateralized Amount for that Distribution Date;
(xxxii) the Overcollateralization Target Amount for that Distribution Date;
(xxxiii) the amount remitted by the Administrator to the Securities Administrator pursuant to the Yield Maintenance Allocation Agreement;
(xxxiv) the payments, if any, made from the Yield Maintenance Account and the amount distributed to the LIBOR Certificates from such payments;
(xxxv) the amount of any Class P Distributable Amount;
(xxxvi) the amount on deposit in the Prefunding Account in the aggregate and for each Loan Group (including a breakdown of amounts released during the prior calendar month in respect of Aggregate Subsequent Transfer Amounts or amounts included in Available Funds on the Distribution Date in the month following the end of the Prefunding Period) and the amount of funds remaining in the Capitalized Interest Account (after giving effect to distributions on such Distribution Date);
(xxxvii) the amount of any payments made by the Senior Basis Risk Cap Provider or the Subordinate Basis Risk Cap Provider to the related Certificates Basis Risk Cap Account pursuant to Section 5.13; and
(xxxviii) the aggregate Principal Balance and Principal-Only Componentsnumber of Subsequent Mortgage Loans purchased in the Prefunding Period. The Securities Administrator will 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 Certificateholders, the Certificate Insurer 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 Initial Cut-Off off Date.
(b) Within a reasonable period of time after . In addition to 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 Personinformation listed above, such information as is reasonably necessary to provide to such Person a statement containing Distribution Date Statement or the information set forth in subclauses (i) through (iii) and (xxi) above, aggregated report on Form 10-D for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation Distribution Date shall also include any other information required by Item 1121 (§ 229.1121) 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 timeRegulation AB.
(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 (HarborView 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 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]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 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 One-Month LIBOR Indexed, Six-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;
(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)(i5.01(f)(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 or Unpaid Basis Risk Shortfall, if any, and the related accrued interest thereon;
(xxvi) for each Loan Group, with respect to the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan GroupLIBOR Certificates; and
(xxviixxvi) payments made under the Yield Maintenance AgreementsAgreement, 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 (HarborView Mortgage Loan Trust 2004-10)
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]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 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 One-Month LIBOR Indexed, Six-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;
(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)(i5.01(f)(i);
(xxiii) current Recoveries allocable to each Loan Group;; and
(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 (HarborView Mortgage Loan Trust 2004-5)
Statements. (a) On Two Business Days prior to each Distribution Date, the Securities Administrator shall make available to the TrusteeSecurities Administrator, and concurrently with each distribution to Certificateholders, the Certificate Insurer, the Credit Risk Manager, the Securities Administrator shall make available to each Certificateholder, 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, no later than the third Business Day prior to the related Distribution Date, (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following:
(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[Reserved];
(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 Securities 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 each Loan Group for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved];
(vii) the Loan Group Balance and for each Loan Group, the related Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period;
(vii) [Reserved];
(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 amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the One-Month LIBOR 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;
(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 maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date;
(xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related 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;
(xiiixii) for each Loan Group, 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;
(xivxiii) for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvxiv) for each Loan Group, 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 ComponentsCertificates;
(xvixv) 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;
(xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related 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;
(xviiixvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date;
(xixxviii) the Available Funds with respect to for each Loan Group, the related Available Funds;
(xxxix) for each Loan Group, the Pass-Through Rate and Adjusted Cap Rate for each Class of Certificates for such Distribution Date;
(xxixx) for each Loan Group, 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 Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;
(xxi) [reserved];
(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)for each Loan Group, current Recoveries allocable thereto;
(xxiii) current Recoveries allocable to for each Loan Group, cumulative Recoveries allocable thereto;
(xxiv) cumulative Recoveries allocable to for each Loan Group;
(xxv) , the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon;
(xxvixxv) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; and;
(xxvi) the amount of the Certificate Insurer Reimbursement Amount, if any;
(xxvii) payments made under the Yield Maintenance AgreementsDeficiency Amount, if any; and, to be paid by the Certificate Insurer;
(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 Overcollateralization Amount for that Distribution Date;
(xxx) the Overcollateralization Target Amount for that Distribution Date;
(xxxi) for each Loan Group, the aggregate minimum amount of payments required to be made in respect of interest and Principal-Only Componentsprincipal on the Mortgage Loans;
(xxxii) the number of Mortgage Loans and the aggregate Stated Principal Balance of Mortgage Loans that have negative amortization; and
(xxxiii) The amount of any Class P Distributable Amount and the Class ES Distributable Amount. The Securities Administrator will 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 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. In addition to the information listed above, such Distribution Date Statement shall also include 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 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 CertificateholderCertificateholder and such other customary information which a Certificateholder 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 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 (Dsla Mortgage Loan Trust 2006-Ar1)
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 ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇, 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 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 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; Back to Contents
(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 of the Class of CertificatesA, Class M and Class B Certificates for such Distribution Date Date, separately identifying the portions thereof attributable to Net WAC 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) any amounts to be deposited in the Reserve Account pursuant to the Cap Contract as described in Section 4.02(f) and the Unpaid Interest Shortfall Amount for amount thereof to be paid to the Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class M-3, Class M-4, Class M-5 or Class M-6 Certificates;
(xviii) [Reserved];
(xix) the amount of the Trustee Fee paid;
(xx) the Excess Net WAC Amounts distributed on such Distribution Date;
(xixxxi) 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 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 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 Back to Certificateholders and the other parties Contents Parties that are unable to this Agreement via the Securities Administrator’s internet website. The Securities Administrator’s internet website shall initially be located at “use ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇.” 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 Trustee at (▇▇▇) ▇▇▇-▇▇▇▇ 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 make available to Bloomberg Financial Markets, Inc. the Residual Certificateholders 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 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 Asset-Backed Certificates, Series 2005-Cb6)
Statements. (a) On Two Business Days prior to each Distribution Date, the Securities Administrator shall make available to the Trustee, and concurrently with each distribution to Certificateholders, the Securities Administrator shall make available to each Certificateholder, the Seller, the Master Servicer Servicer, the Trustee and the Rating Agency, 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 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;
(viiivii) for each Loan Group, the aggregate Principal Balance of the One-Year MTA CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period;
(viii) 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;
(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;
(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;
(xiixi) 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;
(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 Period;
(xivxiii) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period;
(xvxiv) 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;
(xvixv) 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;
(xviixvi) 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;
(xviiixvii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date;
(xixxviii) the Available Funds with respect to each Loan Group;
(xxxix) the Pass-Through Rate for each Class of Certificates for such Distribution Date;
(xxixx) 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;
(xxiixxi) 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);
(xxii) current Recoveries on such Distribution Date; and
(xxiii) current Recoveries allocable to each Loan Group;
(xxiv) cumulative Recoveries allocable to each Loan Group;
(xxv) the amount as 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 ComponentsDistribution 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 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 ), (iiiii) 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 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 (Thornburg Mortgage Securities 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 Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Master 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 the Certificates allocable to principal;
(ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of the 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 Datereserved;
(iv) the aggregate amount of servicing compensation received by each the Master Servicer during with respect to the related Due Remittance Period (separately identifying Servicing Fees and other servicing compensation) and such other customary information as the Trustee reasonably 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 AdvancesRemittance Period;
(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 Remittance 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, in the aggregate and for each Loan Group, Loans (a) that were (A) 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 preceding 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, and (b) the related Mortgaged Properties of which are REO Properties;
(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 preceding Due Prepayment Period;
(xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvxi) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses;
(xii) 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 Certificate Principal Balance of each Class of Regular Certificates after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date separately identifying any reduction thereof due to allocations of Realized Losses (in the case of the Subordinated Certificates and the Class C Certificates);
(xiv) the Certificate Factor for each Class of the Regular Certificates applicable to such Distribution Date;
(xv) the Accrued Certificate Interest for the Class A Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and Unpaid Interest Shortfall Amount, if any, allocated with respect to each the Class of A Certificates or Principal-Only Componentsand the Subordinated 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 aggregate amount of any Relief Act Interest Distributable Amount in respect of each Class of Certificates, Shortfalls 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 Overcollateralized Amount and the Unpaid Interest Shortfall Excess Overcollateralization 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 Credit Enhancement Percentage for such Distribution Date;
(xx) the Net WAC Rate Carryover Amount for the Class A Certificates and the Subordinated Certificates, if any, for such Distribution Date and the amount remaining unpaid after payments from the Excess Reserve Fund Account are made pursuant to Section 4.01(e);
(xxi) when the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, Stepdown Date has occurred 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 Loanwhen a Trigger Event is in effect;
(xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid deposits to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)and withdrawals from the Excess Reserve Fund Account on such Distribution Date;
(xxiii) current Recoveries allocable to each Loan Groupthe Available Funds for such Distribution Date;
(xxiv) cumulative Recoveries allocable the respective Pass-Through Rates applicable to each Loan Groupthe Class A Certificates, the Subordinated Certificates and the Class C Certificates for such Distribution Date and the respective Pass-Through Rates applicable to the Class A Certificates and the Subordinated Certificates for the immediately succeeding Distribution Date;
(xxv) the amount aggregate Notional Amount of any Basis Risk Shortfallthe Class C Certificates, if any, and in each case after giving effect the related accrued interest thereonreductions thereof to occur on such Distribution Date;
(xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, the Reimbursement Amount for such Loan Group; andDistribution Date and the amount received by the Certificate Insurer in respect thereof on such Distribution Date;
(xxvii) payments made under the Yield Maintenance Agreements, if anyreserved; and
(xxviii) the amount of Net Deferred Interest, if any, added to due under the Class Certificate Principal Balance or Component Principal Balance of Corridor Agreement and the related Certificates and Principal-Only Componentsamounts received under the Corridor 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 Trustee, the Certificate 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 “▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” https://www.tss.db.com/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 are entitled to have a paper options ar▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇ ▇▇▇▇▇ copy mailed to them via first class mail by calling the customer service desk and indicating suchsuc▇. The Securities 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 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 (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 hypothetical Certificate having an initial Certificate Principal Balance or Notional Amount (in the case of the Cut-Off DateClass C Certificates) equal to $1,000.
(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 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. 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 and furnished to Certificateholders by the Trustee pursuant to any requirements of the Code as from time to time in force. The Trustee shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Certificateholder, Inc. on Certificate Owner or any Person identified to the Trustee as a prospective transferee of a Certificate, originals or copies of the following items: (i) the private placement memorandum or other disclosure document relating to such Certificates, if any, in the form most recently provided to the Trustee; and (ii) in all cases, (A) this Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) all monthly basisstatements required to be delivered to Certificateholders of the relevant Class pursuant to this Section 4.02 since the Closing Date, and shall supply an electronic tape all other notices, reports, statements and written communications delivered to Loan Performance the Certificateholders of the relevant Class pursuant to this Agreement since the Closing Date, (C) all certifications delivered by a Responsible Officer of the Trustee since the Closing Date pursuant to Section 9.01(h) and Intex Solutions in (D) any and all Officers’ Certificates delivered to the Trustee by the Master Servicer since the Closing Date to evidence the Master Servicer’s determination that any Advance or Servicing Advance was, or if made, would be a format acceptable to Loan Performance Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively. Copies and Intex Solutions on a monthly basismailing of any and all of the foregoing items will be available from the Trustee upon request at the expense of the person requesting the same.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Indymac Residential Mortgage-Backed Trust, Series 2005-L3)
Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, 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 each 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 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, the Non-PO 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[reserved];
(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 Loans 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 ComponentsCertificates;
(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 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 current and cumulative PO Recoveries allocable to an Undercollateralized Loan Group or amounts paid pursuant to Section 5.01(e)(i)1 and Loan Group 2;
(xxiii) current Recoveries allocable to each Loan Group;
(xxiv) and 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 (Greenwich Capital Acceptance Inc)
Statements. (a) On each Distribution Date, based, as applicable, on information contained in the Securities Administrator shall make available to the Trustee, each CertificateholderRemittance Report, the SellerTrustee shall prepare and forward by mail to each Holder of the Regular 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 Certificates Certificates, separately identified, 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;
(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 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 returns;
(viv) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod;
(vi) [reserved];
(viiv) the Loan Group Pool Principal 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 Period;
(viiivi) 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;
(xiivii) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (a) 30 to 59 days Delinquentone month, two months or three months delinquent on a contractual basis, (b) 60 to 89 days Delinquent, (c) 90 or more days Delinquent, (d) as to which foreclosure proceedings have been commenced and (ec) in bankruptcy, in each case bankruptcy as of the close of business on the last day of the calendar month preceding such Distribution Date;
(viii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the unpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property;
(xiiiix) 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 Perioddue period;
(xivx) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvxi) 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;
(xvixii) the aggregate amount of Extraordinary Trust Fund Expenses withdrawn from the Collection Account for such Distribution Date;
(xiii) the Class Certificate Principal Balance or Notional Amount (with respect to the Class Certificate Notional AmountA-I0 Certificates), as applicablethe case may be, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates Certificates, after giving effect to any the distributions made thereon, on such Distribution Date;
(xviixiv) the Interest Distributable Remittance Amount in respect of each Class of Certificates, 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;
(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 of Compensating Interest by the Master Servicer pursuant to Section 3.24;
(xixxvi) the Available Funds with respect to each Loan GroupFunds;
(xxxvii) the Pass-Through Rate for each Class of Certificates for such Distribution Date;
(xxixviii) the aggregate amount of Extraordinary Trust Fund Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date;
(xix) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller Master Servicer during the related Due Period, 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 Trustee shall forward such report concurrently with each distribution to 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 GroupCertificateholders, the amount of Deferred Interest and Net Deferred InterestRating Agencies, if anyBloomberg (at 499 Park Avenue, for such Loan Group; and
(xxvii) payments made under the Yield Maintenance AgreementsNew York, 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 “New York ▇▇▇.▇▇, ▇▇▇▇▇▇▇.▇▇: ▇▇▇.” Assistance in using the website can be obtained by calling the Securities Administrator’s customer service desk at (▇ ▇▇▇▇▇▇) ▇▇▇ ▇-▇▇▇▇ Solutions (at ▇▇ ▇▇▇▇▇▇▇d Circle, Needham, Massach▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇) ▇▇ ▇▇▇ related Dist▇▇▇▇▇▇▇▇ ▇▇▇▇. Parties that are unable The Trustee may make available each month, to use any interested party, the above distribution option are entitled monthly statement to have a paper copy mailed to them Certificateholders via first class mail the Trustee's website, electronic bulletin board and its fax-on-demand service. The Trustee's website will be located at "www.ctslink.com". The Trustee's elec▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ board may be accessed by calling the customer service desk (301) 815-6620, and indicating suchits fax-on-deman▇ ▇▇▇▇▇▇▇ ▇▇▇ be accessed by calling (301) 815-6610. The Securities Administrator Trustee may full▇ ▇▇▇▇ ▇▇▇▇ ▇▇d 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 changeMaster 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 (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 (Merrill Lynch Mortgage Investors Inc)
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 ▇▇▇.▇▇▇▇▇▇.▇▇▇/▇▇▇, 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 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 and the amount of unreimbursed AdvancesCollection Period;
(vi) [reserved];
(vii) the Pool Balance and the Loan 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) separately stated 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) separately stated for each Loan Group, 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) separately stated for each Loan Group, 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) separately stated for each Loan Group, 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) 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) 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 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 for such Distribution Date Date, separately identifying the portions thereof attributable to 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) [Reserved];
(xviii) [Reserved];
(xix) the amount of the Trustee Fee paid;
(xx) the 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;
(xixxxi) 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 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 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 Parties that are unable 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 “use ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇.” 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 /abs are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk Trustee at (▇▇▇) ▇▇▇-▇▇▇▇ 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 make available to Bloomberg Financial Markets, Inc. the Residual Certificateholders 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 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 (Merrill Lynch Mortgage Investors Inc)
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 Counterparties, 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;
(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 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 Pool Balance of the One-Year MTA Indexed Group I Mortgage Loans, the Group II Mortgage Loans and the Group III Mortgage Loans at the Close of Business at the end of the related Due Period;
(ixiv) 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 aggregate principal balance, 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;
(xiiv) 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 (eC) in bankruptcy, in each case as of the close of business on the last day of the preceding calendar monthREO Properties;
(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;
(xivvi) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvvii) 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;
(xviviii) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each class of the Class A Certificates, each class of the Mezzanine Certificates, each class of the Class B Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class O Certificates, after giving effect to any the distributions made thereon, on such Distribution Date;
(xviiix) the Unpaid Interest Distributable Shortfall Amount, if any, with respect to each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of Class B Certificates for such Distribution Date;
(x) 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 3.25;
(xi) the Credit Enhancement Percentage for such Distribution Date;
(xii) the Available Funds Cap Carryforward Amount in respect for each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class of CertificatesB Certificates if any, for such Distribution Date and the respective portions thereof, if any, amount remaining unpaid following after reimbursements therefor on such Distribution Date;
(xiii) the distributions made in respect respective Pass-Through Rates applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and the Class B Certificates for such Distribution Date and the Pass-Through Rate applicable to each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Class B Certificates for the immediately succeeding Distribution Date;
(xiv) the Supplemental Interest Payment for each Class on such Distribution Date;
(xv) the difference between (x) the sum of (i) aggregate notional amount of the Swap Agreements and (ii) the aggregate notional amount of the Cap Agreements and (y) the aggregate Certificate Principal Balance of the Underwritten Certificates on such Distribution Date;
(xviiixvi) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Required Overcollateralization Amount for such Distribution Date;; and
(xixxvii) the Available Funds with respect to each Loan Group;
(xx) the Pass-Through Rate for each Class of Certificates Excess Cashflow 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 Closing Date. The Trustee may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Certificateholders pursuant to this Section 4.03.
(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 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 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) On each Distribution Date, Inc. the Trustee shall post on its website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇\sfr, which posting shall be accessible to each Certificateholder and the Swap Counterparty, the statement prepared pursuant to paragraph (a) of this Section 4.03. Assistance in using the website can be obtained by calling the Trustee's customer service desk at ▇-▇▇▇-▇▇▇-▇▇▇▇. Such parties that are unable to use the website are entitled to have a monthly basispaper 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 such statements are distributed in order to make such distribution more convenient and/or accessible to the above parties and the Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Trustee shall not have any responsibility to (i) verify information provided by the Servicer to be included in such statement or (ii) include any information required to be included in such statement if the Servicer has failed to timely produce such information to the Trustee, as required pursuant hereto.
(f) No later than noon on the second Business Day prior to each Distribution Date, the Trustee will verify that no Notional Amount Test Event is scheduled to occur on the related Distribution Date. In the event a Notional Amount Test Event would otherwise occur on the related Distribution Date, the Trustee will immediately provide notice in the form of Exhibit J to the appropriate NovaStar entity and assign in $10,000,000 increments a portion of the related notional amount from the affected Swap Agreement on the day immediately preceding that Distribution Date until no Notional Amount Test Event will occur on the related Distribution Date. The Trustee shall supply an electronic tape assign the applicable notional amount from the Swap Agreement with the earliest maturity. In the event that two or more Swap Agreements have the same maturity date, which date is the earliest maturity date of the outstanding Swap Agreements, the Trustee shall assign the applicable notional amounts from the Swap Agreement with the lowest fixed rate. Once such notional amounts have been assigned back to Loan Performance and Intex Solutions the appropriate NovaStar entity, the related Swap Counterparty will have no obligation to, nor interest in, the Trust with respect to such notional amounts. Furthermore, no distributions will be made from the Supplemental Interest Trust I to the related Swap Counterparty in respect of notional amounts assigned under this Section 4.03 (f). In no event shall the Trustee allow a format acceptable Notional Amount Test Event to Loan Performance and Intex Solutions occur on a monthly basisany Distribution Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Novastar Mortgage Funding Corp Home Equity Loan Ser 2003-4)
Statements. (a) On each Distribution Date, the Securities Administrator shall make available to the Trustee, each Certificateholder, the Seller, any NIMS Insurer, 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 (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following information, in each case, with respect to 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[Reserved];
(iv) the aggregate amount of servicing compensation received by each Servicer during Servicing Fees, Master Servicing Fees and Credit Risk Manager’s Fees for 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 returnsPeriod;
(v) the amount of Advances for each Loan Group and the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved];
(vii) the Loan Group Balance for each Loan Group and related the Net WAC and Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period;
(vii) [Reserved];
(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 amount of fees, expenses or indemnification amounts paid by the Trust Fund with an identification of the One-Month LIBOR 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;
(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 maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date;
(xiixi) for each Loan Group, the number and aggregate unpaid principal balance of the related 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, using the MBA method;
(xiiixii) for each Loan Group, the book value (if available) 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;
(xivxiii) for each Loan Group, the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvxiv) for each Loan Group, 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 Componentsafter giving effect to any distributions made thereon, on such Distribution Date;
(xvixv) 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;
(xviixvi) for each Loan Group, the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each related 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;
(xviiixvii) for each Loan Group, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date after giving effect to any distributions made thereon, on such Distribution Date;
(xviii) for each Loan Group, the related Available Funds;
(xix) the Available Funds with respect to for each Loan Group;
(xx) , the Pass-Through Rate and related Adjusted Cap Rate for each Class of Certificates for such Distribution Date;
(xxixx) for each Loan Group, 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 Mortgage Loan Purchase Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;
(xxiixxi) for each Loan Group, 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);
(xxiii) current Recoveries allocable to each Loan Group;
(xxiv) cumulative Recoveries allocable to each Loan Group;
(xxvxxii) the amount of any Basis Risk Shortfall and Unpaid Basis Risk Shortfall, if any, and the related accrued interest for each Class after giving effect to any distributions made thereon, on such Distribution Date;
(xxvixxiii) 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
(xxviiixxiv) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates Certificates
(xxv) the amount of any Unpaid Interest Shortfall Amount;
(xxvi) the amount of any Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the Final Maturity Reserve Termination Date, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates;
(xxvii) the Overcollateralized Amount for that Distribution Date;
(xxviii) the Overcollateralization Target Amount for that Distribution Date;
(xxix) the number of Mortgage Loans and Principal-Only Componentsthe aggregate Stated Principal Balance of Mortgage Loans that have negative amortization; and
(xxx) the amount of any Class P Distributable Amount. The Securities Administrator will 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 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 off Date. In addition to the information listed above, such Distribution Date Statement or the report on Form 10-D for such Distribution Date shall also include any other 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 shall, upon written request, furnish to any 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 PersonPerson or any NIMS Insurer, such information as is reasonably necessary to provide to such Person or any NIMS Insurer 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 or any NIMS Insurer was a CertificateholderCertificateholder and such other customary information which a Certificateholder 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 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 (Harborview 2006-8)
Statements. (a) On each Distribution Date, based, as applicable, on the Mortgage Loan information contained in the Remittance Report, the Securities Administrator shall make available to Holders of the Trustee, each Certificateholder, the Seller, the Master Servicer Regular Certificates and the Rating AgencyNIMS Insurer on its internet website, initially located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇," a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicers (the “a "Distribution Date Statement”") as to the distributions to be made or made, as applicable, on such Distribution Date:
(i) the Principal Distribution Amount and 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 and Servicer Prepayment Charge Payment Amounts;
(ii) the Interest Remittance Amount and 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 Amount and Subordinate Prepayment Percentage with respect to each Loan Group the Overcollateralization Target Amount as of such Distribution Date and the 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 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 close of Business 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, 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 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 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 Period Collection Period, and the cumulative amount of Realized Losses and the amount Cumulative Realized Loss Percentage;
(xiii) the 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, Offered 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;
(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, and the Unpaid amount of Relief Act Shortfalls applied to reduce the Interest Shortfall Remittance Amount for each Class for such Distribution Date;
(xvi) the amount of the Securities Administration Fee paid;
(xvii) the aggregate amount of the Credit Risk Manager Fee paid;
(xviii) any Overcollateralization Deficiency Amount after giving effect to the distributions of principal on such Distribution Date;
(xix) the Available Funds with respect to each Loan Groupwhether a Trigger Event has occurred and is continuing;
(xx) the Available Funds;
(xxi) the Pass-Through Rate at which interest accrues for each Class of Certificates for such Distribution Date and the Formula Rate at which interest will accrue for such Class (other than the Class A-1 and, for the first 24 Distribution Dates, the Class A-2 Certificates) for the next Distribution Date, and the Pass-Through Rate for the Class A-1 and Class A-2 Certificates for the next Distribution Date;
(xxixxii) the Liquidation Report for such Distribution Date;
(xxiii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the 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 Depositor 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 Risk ShortfallUnpaid Interest Shortfall Amount and Net WAC Rate Carryover Amount payable on each Class for such Distribution Date, if anyseparately identifying the portion of each that consists of interest accrued on previous such amounts, the amounts paid on each Class on such Distribution Date in respect of such items, and the related accrued interest thereon;amount of Unpaid Interest Shortfall Amount and Net WAC Rate Carryover Amount that will be payable on each Class on the next Distribution Date; 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 all reimbursements of Realized Losses previously allocated to reduce 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 any Class of Certificates and Principal-Only Components. The Securities Administrator will make the that were reimbursed on such Distribution Date Statement (andDate, 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 websiteremaining amount of any Realized Losses that have been so allocated and not yet reimbursed, for each Class. 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 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. The Securities Administrator's obligations pursuant to this Section 4.06 are limited to the extent of its receipt of all necessary information from the Servicer. 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) 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 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 and to provide to such Person the NIMS Insurer, a statement containing the information set forth in subclauses (i) through ), (iiiii), (xi), (xii), (xxiii) and (xxixxiv) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder, plus other information as the Securities Administrator may determine and advise the Trustee to be necessary and/or to be required by the Internal Revenue Service or by federal or state laws, rules or regulations to enable such Certificateholders to prepare their tax returns for such calendar year. Such obligation obligations of the Trustee and the Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee or 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 make available on its website the same information to Bloomberg Financial Marketsthe Class R Certificateholders and the NIMS Insurer as that provided to the Regular Certificateholders in 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 have been satisfied to the extent that substantially comparable information shall be prepared and furnished to Class R Certificateholders by the Securities Administrator pursuant to any requirements of the Code as from time to time in force. Within a reasonable period of time after the end of each calendar year, Inc. the Trustee shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate and the NIMS Insurer a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder.
(d) The Securities Administrator shall, upon request, furnish to each Certificateholder and the NIMS Insurer, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder or the NIMS Insurer, as the case may be, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder or the NIMS Insurer, as the case may be, in a format acceptable accordance with such reasonable and explicit instructions and directions as the Certificateholder or the NIMS Insurer, as the case may be, may provide. For purposes of this Section 4.06, the Securities Administrator's duties are effective only 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 basisthe extent that the Securities Administrator receives timely reports as required from the Servicer.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Asset Backed Funding Corp)
Statements. (a) On Concurrently with each Distribution Datedistribution to Certificateholders, the Securities Administrator shall make available to the Trustee, each Certificateholder, 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 (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date. The Distribution Date Statement shall include the following:
(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 1, Loan Group 2 and Loan Group 3 for the following Distribution Date;
(iv) the Group 4 Senior Percentage, the Group 4 Senior Prepayment Percentage, the Group 4 Subordinate Percentage and the Group 4 Subordinate Prepayment Percentage with respect to Loan Group 4 for the following Distribution Date;
(v) 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 returnsPeriod;
(vvi) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances;
(vi) [reserved]Advances as reported by each Servicer;
(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-Month LIBOR Indexed, Six-Month LIBOR Indexed, One-Year LIBOR Indexed and One-Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period;
Period (ix) for each Loan Group, Groups 1 through 3 in the aggregate Principal Balance of the One-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Periodand for Loan Group 4 separately);
(x) for each Loan Group, the aggregate Principal Balance amount of the COFI Indexed Mortgage Loans at Master Servicer Fees paid to or retained by the Close of Business at the end of the related Due PeriodMaster Servicer;
(xi) the aggregate amount of Servicing Fees paid to or retained by the Servicers;
(xii) to the extent that such amounts are paid out of the Distribution Account, the amount of fees, expenses or indemnification amounts paid by the Trust with an identification of the general purpose of such amounts and the party receiving such amounts;
(xiii) for each Loan Group, the number, weighted average remaining term to maturity maturity, weighted average life and weighted average Loan Rate of the related Mortgage Loans as of the related Due Date;
(xiixiv) the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each 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;
(xiiixv) 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 delinquency rate for that Distribution Date, and, cumulatively, ;
(xvi) 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;
(xivxvii) the aggregate amount of Principal Prepayments and Prepayment Penalty Amounts with respect to each Loan Group made during the related Prepayment Period;
(xvxviii) the aggregate amount of Realized Losses for each Loan Group and Recoveries incurred during the related Due Period and the cumulative amount of Realized Losses and Recoveries as of such Distribution Date;
(xix) the cumulative amount of Realized LossesLosses for each Loan Group;
(xx) the Realized Losses and Recoveries, if any, allocated to each Class of Certificates or Principal-Only Componentson the related Distribution Date;
(xvixxi) 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;
(xviixxii) 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;
(xviiixxiii) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date;
(xixxxiv) the Available Funds with respect to each of Loan GroupGroups 1, 2 and 3 and the Group 4 Available Funds with respect to Loan Group 4;
(xxxxv) the Pass-Through Rate and Adjusted Pass-Through Rate (in the case of the Group 4 Certificates other than the Class 4-AX Certificates) for each Class of Certificates for such Distribution Date;
(xxixxvi) 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;
(xxiixxvii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group with respect to Loan Groups 1, 2 and 3 or amounts paid pursuant to Section 5.01(e)(i5.01(f)(i);
(xxiiixxviii) current Recoveries allocable to the total number of Mortgage Loans in the aggregate and the aggregate Stated Principal Balance for the Group 1 Mortgage Loans (also separately stating such information for the Adjustable Rate Mortgage Loans, the Three-Year Hybrid Mortgage Loans and the Five-Year Hybrid Mortgage Loans), the Group 2 Mortgage Loans, the Group 3 Mortgage Loans and Group 4 Mortgage Loans (also stating separately such information for Negative Amortization Loans), in each Loan Groupcase at the close of business at the end of the related Due Period;
(xxivxxix) cumulative Recoveries allocable with respect to each Loan Group;
(xxv) Group 4 Mortgage Loans, 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) and the amount of any Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the Group 4 Certificates; and
(xxx) with respect to Mortgage Loans serviced by Cenlar, but only if such Mortgage Loans were subject to a modification of terms made during the related Certificates Due Period as part of a loss mitigation strategy, the following items:
(a) the percentage (by outstanding Principal Balance) and Principalthe number of Mortgage Loans that were modified in the related Due Period;
(b) the cumulative percentage (by Cut-Only ComponentsOff Date Principal Balance) of modified mortgage loans;
(c) the amount of principal forgiven with respect to modified Mortgage Loans for the related Due Period;
(d) the cumulative amount of principal forgiven with respect to modified Mortgage Loans from the Closing Date;
(e) the percentage (by outstanding Principal Balance) of modified Mortgage Loans that are included in the delinquency trigger calculation for purposes of the Step Down Conditions, the Two Times Test, the Group 4 Step Down Conditions and the Group 4 Two Times Test;
(f) the delinquency status of the modified Mortgage Loans both pre- and post- modification;
(g) the number of times the Mortgage Loan has been subject to modification;
(h) the effective date of the modification;
(i) the number of modifications made to Mortgage Loans in the last twelve months;
(j) the percentage (by outstanding Principal Balance) of modified Mortgage Loans that are current or delinquent in payment and the delinquency status of the modified Mortgage Loans from the Closing Date; and
(k) the Loan Rate of the modified Mortgage Loans pre- and post- modification. 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 (▇▇▇) ▇▇▇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 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.
(bl) 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 ), (iiiii) and (xxiiv) above, aggregated for such calendar year or applicable portion thereof during which such Person was a CertificateholderCertificateholder and such other customary information which a Certificateholder 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 pursuant to any requirements of the Code as are in force from time to time.
(cm) 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 (Thornburg Mortgage Securities Trust 2007-5)
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, the Trustee shall make available to each Holder of the Regular Certificates, the Servicer and the Servicers Rating Agencies, a statement (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 (and each Component in the case of the Classes of Subordinate 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 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) [reserved];
(vii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, each as of the related Determination Date;
(viii) 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 Mortgage Rate of the related Mortgage Loans in each Loan Group as of the related Due Date;
(xiix) separately stated for each Loan Group, the number and aggregate unpaid principal balance of Mortgage Loans, in the aggregate and for each Loan Group, Loans (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 Close of business Business on the last day of the calendar month preceding calendar monthsuch Distribution Date;
(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 Period;
(xivxii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvxiii) the aggregate Deferred Interest Amount accrued on the Group II Mortgage Loans and added to the Principal Balances thereof for the related Due Period;
(xiv) 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;
(xvixv) the Class Certificate Principal Balance or Class Certificate Notional Amount, as applicable, of each Class of Certificates (other than the Class X Certificate), the Component Balance of each Component and the Apportioned Principal Balances of the Subordinate Certificates Class X Notional Balance after giving effect to any distributions made thereon, and any Deferred Interest Amounts allocated thereto, on such Distribution Date;
(xviixvi) the Interest Distributable Amount in respect of each Class of the 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;
(xviiixvii) 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 Servicer pursuant to Section 3.24 hereof in each case by Loan Group;
(xixxviii) the Loan Group Available Funds with respect to each Loan Group;
(xxxix) the Pass-Through Rate for each Class of Certificates for such Distribution Date;; and
(xxixx) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Servicer or the Seller during the related Due PeriodPeriod with respect to each Loan Group, 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 Principal Balance of the related Certificates and Principal-Only Components. 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 Administrator’s Trustee's internet websitewebsite and its fax-on-demand service and will forward the Distribution Date Statement to each Rating Agency. 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 “"www.ctslink.com". Assistance in usi▇▇ ▇▇▇.▇ ▇▇▇▇▇▇▇.▇▇▇.” Assistance in using ▇ or 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 un▇▇▇▇ ▇▇ ▇▇▇ ▇▇e 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 suchrequesting same. The Securities Administrator Trustee shall have the right to change the way such reports Distribution Date 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 the above parties regarding any such changechanges. The Trustee's obligations pursuant to this Section 4.04 are limited to the extent of its receipt of all necessary information from the Servicer. 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 (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 (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.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)
Statements. (a) On each Distribution Payment Date, based solely on information provided to it by the Securities Administrator Servicer in its Determination Date Report, the Indenture Trustee shall prepare and make available to the Trustee, each CertificateholderNoteholder, the SellerSwap Counterparties, the Master Cap Counterparties, the 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 StatementIndenture Trustee Remittance Report”) as to the distributions to be payments made or made, as applicable, on such Distribution Payment Date:
(i) the amount of the distribution payment made on such Distribution Payment Date to the Holders of each Class of Notes, separately identified, allocable to principal and the amount of the payment made to the Holders of the Class C Certificates allocable to principalPrepayment Charges;
(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, separately identified;
(iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect payments made to each Loan Group for the following Distribution Date;Certificateholders
(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 Pool Balance of the One-Year MTA Indexed Group I Mortgage Loans and the Group II Mortgage Loans at the Close of Business at the end of the related Due Period;
(ixv) 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 aggregate principal balance, and weighted average Loan Mortgage Rate of the related Mortgage Loans as of the related Due Determination Date;
(xiivi) the number and aggregate unpaid principal balance of Mortgage Loans, Loans (identified by Group) that (A) were 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 Delinquent, (dB) as to which foreclosure proceedings have been commenced and that (ei) in bankruptcyare not Delinquent, and (ii) are Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days, (C) are related to a REO Property and that (i) are not Delinquent and (ii) are Delinquent (1) 30 to 59 days, (2) 60 to 89 days and (3) 90 or more days and (D) are related to a Mortgagor that was subject to a bankruptcy proceeding and that (i) are not Delinquent and (ii) are 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 montha contractual and bankruptcy legal basis;
(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;
(xivvii) the aggregate amount of Principal Prepayments with respect to each Loan Group made during the related Prepayment Period;
(xvviii) the aggregate amount of Realized Losses incurred during the related Due Prepayment Period and the cumulative amount of Realized Losses Losses;
(ix) the Class Note Balance of each class of the Class A Notes and each class of the amount of Realized LossesClass M Notes, after giving effect to the payments made on such Payment Date;
(x) the Unpaid Interest Shortfall Amount, if any, allocated with respect to each class of the Class A Notes and each class of Certificates or Principal-Only Componentsthe Class M Notes for such Payment Date;
(xi) the aggregate amount of any Prepayment Interest Shortfalls for such Payment Date, to the extent not covered by payments by the Servicer pursuant to Section 5.27 of the Sale and Servicing Agreement;
(xii) the Credit Enhancement Percentage for such Payment Date;
(xiii) the Available Funds Cap Shortfall amount for each class of the Class A Notes and each class of the Class M Notes if any, for such Payment Date;
(xiv) the difference between (x) the sum of (i) the aggregate notional amount of the Swap Agreements and (ii) the aggregate notional amount of the Cap Agreements and (y) the aggregate Class Note Balance of the Class A Notes and Class M Notes on such Payment Date;
(xv) the Required Overcollateralization Amount for such Payment 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 Net Monthly Excess Cashflow for such Distribution Payment Date;
(xvii) the Interest Distributable Amount in respect aggregate amount of each Class of Certificates, for such Distribution Date and Scheduled Principal Payments made during the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on such Distribution Daterelated Due Period;
(xviii) the aggregate amount of any Net Interest Shortfalls and Principal Prepayments made during the Unpaid Interest Shortfall Amount for such Distribution Daterelated Due Period in which the related Mortgagor paid the related Mortgage Loan in full;
(xix) the Available Funds with respect to each Loan Groupaggregate amount of Principal Prepayments in part made during the related Prepayment Period;
(xx) the Pass-Through Rate number and the aggregate principal balance of all Liquidated Mortgage Loans for each Class of Certificates for such Distribution Datethe related Prepayment Period;
(xxi) the aggregate Principal Balance amount of Mortgage Loans purchased hereunder by the Seller Net Liquidation Proceeds received during the related Due Prepayment 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;; and
(xxii) the dollar amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or claims made, 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) by the amount MI Insurer in respect of any Basis Risk Shortfall, if anyclaims made, and the related accrued interest thereon;
(xxvi) for each Loan Group, the amount of Deferred Interest premiums due and Net Deferred Interest, if any, for such Loan Group; and
(xxvii) payments made paid under the Yield Maintenance AgreementsMI Policy, if any; and
(xxviii) the amount of Net Deferred Interest, if any, added solely to the Class Certificate Principal Balance or Component Principal Balance of extent 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 (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 Closing Date.
(b) . The Indenture Trustee may, in the absence of manifest error, conclusively rely upon the Determination Date Report of the Servicer in its preparation of the statement to Noteholders pursuant to this Section 2.09. Within a reasonable period of time after the end of each calendar year, the Securities Administrator Indenture Trustee 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 Noteholder. Such obligation of the Indenture Trustee shall have been previously deemed to have been satisfied to the extent that substantially comparable information shall be made available by the Indenture Trustee to Noteholders. On each Payment Date, the Indenture Trustee shall make available to the Certificateholders a copy of the reports made available to the Noteholders in respect of such Payment Date with such other information as the Indenture Trustee deems necessary or appropriate. Within a reasonable period of time after the end of each calendar year, the Indenture Trustee shall deliver to each Person who at any time during the calendar year was a 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 Certificateholder. Such obligation of the Securities Administrator Indenture Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished have been previously made available to Certificateholders by the Securities Administrator to Certificateholders pursuant to any requirements of the Code as are in force from time to timeIndenture Trustee.
(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: Indenture (NovaStar Mortgage Funding Trust, Series 2006-1)
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 w▇▇.▇▇▇▇▇.▇▇▇/▇▇▇, 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 Class BB 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 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 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 during the related Collection Period and the amounts thereof allocable to the Class BB 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 BB 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 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;
(xviiixvi) the aggregate amount of any Net Prepayment Interest Shortfalls and for such Distribution Date, to the Unpaid Interest Shortfall 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 Amount for the Class A-1 Certificates 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 and the Maximum Rate for such Distribution Date;
(xxixxiii) any Liquidation Report for such Distribution Date;
(xxiv) the aggregate Principal Balance of Mortgage Loans purchased hereunder by an Originator or the Seller Servicer 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 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 (▇▇▇) ▇▇▇-▇▇▇▇. 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 Dateconnection with Section 3.16.
(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 (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.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Painewebber Mortgage Acceptance Corp Iv Series 2000-He-1)
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) 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 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 and Principal-Only Components. The Securities Administrator will make Certificates;
(xxviii) 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 amount of the report as a dollar amount for each Class for each $1,000 original dollar amount as of the Cut-Off Date.Certificate Insurer Reimbursement Amount, if any;
(bxxix) 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 CertificateDeficiency Amount, 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 paid 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.Certificate Insurer;
Appears in 1 contract
Sources: Pooling Agreement (Harborview Mortgage Loan Trust 2006-1)
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 principal;
(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 and Subordinate Prepayment Percentage with respect to each Loan Group for the following Overcollateralization Amount as of such Distribution Date;
(iv) the aggregate amount of servicing compensation received Servicing Fee retained 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 Servicing Advances for the related Due Period and the amount of unreimbursed Advancesthat are Nonrecoverable Advances (if any);
(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 using the Mortgage Bankers Association methodology, (b) 60 to 89 days Delinquentpast due using the Mortgage Bankers Association methodology, (c) 90 or more days Delinquentpast due using the Mortgage Bankers Association methodology, (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 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 the Apportioned Principal Balances of the Subordinate Certificates Certificates, after giving effect to any 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 for such Distribution Date;
(xv) the cumulative Realized Losses, as a percentage of the Cut-off Date Pool Balance;
(xvi) the Available Funds for the related Collection Period;
(xvii) the rate at which interest accrues for each Class of Certificates for such Distribution Date;
(xviii) the aggregate amount of any Net Interest Shortfalls and Liquidation Proceeds for the Unpaid Interest Shortfall Amount for such Distribution Daterelated Collection Period;
(xix) the Available Funds with respect to each Loan Groupaggregate Stated Principal Balance of Mortgage Loans purchased by a Seller or American General during the related Prepayment Period;
(xx) the Pass-Through Rate for each Class number and aggregate Stated Principal Balance of Certificates for such Distribution DateMortgage Loans that were the subject of a Principal Prepayment in full during the related Prepayment Period;
(xxi) for each Mortgage Loan that the aggregate Principal Balance of Mortgage Loans purchased hereunder by Trustee has requested that the applicable Seller during repurchase (i) the related Due Period, date on which such repurchase request was made 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 (ii) whether such Mortgage LoanLoan has been repurchased;
(xxii) the amount of any Principal Deficiency Reimbursement Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i)received by the Trust Fund during the related Collection Period;
(xxiii) the aggregate amount of Administration Expenses paid by the Trust Fund to (x) the Master Servicer, Custodian and Securities Administrator during the current Recoveries allocable to each Loan Groupcalendar year and (y) the Designated Successor Servicer and Trustee during the current calendar year;
(xxiv) cumulative Recoveries allocable to the aggregate amount of Unreimbursed Servicer Default Expenses and the aggregate amount of Master Servicing Transfer Costs, in each Loan Group;case paid by the Trust during the related Collection Period; and
(xxv) the amount of any Basis Risk Shortfall, if any, and with respect to Mortgage Loans that were subject to a Servicer Modification during the related accrued interest thereon;Collection Period: (a) the Mortgage Loan identifying 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 Mortgage Interest Rate prior to and after modification; (f) the maturity date prior to and after modification; and (g) the number of months Delinquent prior to modification; 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 Principal Balance of Subsequent Recoveries received during the related Certificates and Principal-Only ComponentsPrepayment Period. The Securities Administrator will 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 (xiv) above, the amounts shall be expressed in a separate section of the dollar amount for each Class for each $1,000 original dollar amount as of the Cut-off Date. The Securities Administrator 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 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) and (xxixii) 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 Inc)