Common use of Statements Clause in Contracts

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the 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 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) 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 (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [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 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 Principal Balance or Class Notional Balance, 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 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 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 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 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. 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 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 2006-4)

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement basedbased solely, as applicable, on loan-level information obtained from provided to it by the 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 Servicer (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 PercentagePool Balance of the Group IA Mortgage Loans, Senior Prepayment Percentagethe Group IB Mortgage Loans, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan the Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by 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 II Mortgage Loans and the amount of unreimbursed Advances; (vi) 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 III Mortgage Loans at the Close of Business at the end of the related Due Period; (viiiiv) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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 month, in each case, using the MBA methodREO Properties; (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; (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 for each Loan Group 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 Principal Balance or Class Notional Balance, 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 Monthly Interest Distributable Amount and 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 and Adjusted Cap Rate for each Class aggregate amount of Certificates for such Distribution DatePrincipal Prepayments in part made during the related Prepayment Period; (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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of all Liquidated Mortgage Loans for the mortgage loans that have negatively amortized in each Loan Grouprelated Prepayment Period; and (xxxixxii) the aggregate amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall make Net Liquidation Proceeds received during 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 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 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 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 Trustee shall provide timely and adequate notification to all parties regarding any such changerelated Prepayment 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. In addition 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 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 ABCertificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate InsurerSeller, the Seller, Master Servicer and each the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer 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 the 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and ; (ix) for each Loan Group 3Group, the aggregate Principal Balance of the COFI Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans; (ix) [Reserved]Loans at the Close of Business at the end of the related Due Period; (x) [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 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 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 Notional Balance, 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;; 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 Trustee 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 (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 2005-4)

Statements. (a) On No later than the second Business Day preceding each Distribution Date, the Trustee Master Servicer shall prepare and make available to each Certificateholder, the Certificate Insurer, Securities Administrator and the Seller, and each Rating Agency, Trustee a statement based, as applicable, on loan-level information obtained from and the Servicer to such distribution (the “Distribution Date Statement”) as to the distributions to be made or made), as applicable, based substantially 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 information provided by the Servicer during Servicers in 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) 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 (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due PeriodRemittance Reports, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (xi) for on 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 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 Principal Balance or Class Notional Balance, 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 Securities Administrator will make 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall make the Distribution Date Statement (and, statement available 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 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 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 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 partiesTrustee, the Depositor and each Certificateholder, setting forth: (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; (ii) the Accrued Certificate Interest, Unpaid Interest Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Trustee shall provide timely and adequate notification Principal Distribution Amount, with respect to each Class individually, 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 Classes of the report as a dollar amount Class A Certificates in the aggregate, all Classes of Class M Certificates in the aggregate and all Classes of Class B Certificates in the aggregate; (iii) 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 each Class of Offered 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 $1,000 original dollar Class of Offered Certificates on such Distribution Date and the amount of Cumulative Realized Losses as of the Cut-off Date. In addition 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 information listed aboveoriginal 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 Statement shall also include 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 is required by Form 10the 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, including(E) 150-179 days Delinquent and (F) 180 or more days Delinquent, but not limited toas 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; (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 number of Mortgagors and the Principal Balances of the related Mortgages 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 more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxii) the number of Mortgagors and the Principal 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 more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which 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) the 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 number of Mortgage Loans; (xxvi) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation 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) the number 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 number and Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Truth in Lending Act; (xxix) the 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 close 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) [Reserved]; (xxxiii) the amount of any Class P Distributable Amount allocated to the Class P Certificates for that Distribution Date; and (xxxiv) any other information required by Item 1121 (§ 229.1121) of Regulation ABthat the Depositor, the Trustee or the Master Servicer deems necessary. (b) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, furnish The Securities Administrator shall report to the Certificate Insurer Depositor and each Person who at any time during Certificateholder, with respect to the calendar year was a Certificateholder of a Regular Certificate, if requested amount on deposit 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) Certificate Account and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation the identity of the Trustee 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 Trustee 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 Securities Administrator 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 the Master Servicer and shall notify the Depositor if any Remittance Amount has not been received by the Securities Administrator when due. (c) On The Securities Administrator shall report to the Depositor and each Distribution DateCertificateholder 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 statements set forth in this Agreement are inaccurate. (d) To the extent received from the Servicers, the Master Servicer shall make the information in each Remittance Report available to the Depositor, the Securities Administrator, the Trustee and any Certificateholder upon written request therefor. In addition, upon written request from the Depositor, the Securities Administrator, the Trustee or a Certificateholder (such party, the “Requesting Party”), the Master Servicer shall supply use commercially reasonable efforts to obtain from the Servicers and subsequently provide to the Requesting Party, any other reports or information that may be obtained by the Master Servicer from any Servicer pursuant to the related Sale and Servicing Agreement; provided, however, that if the Master Servicer incurs costs pursuant to a Sale and Servicing Agreement with respect to any particular request, the Master Servicer shall be entitled to reimbursement from the Requesting Party for such costs, together with any other reasonable costs incurred by it for obtaining or delivering the reports or information specified by such request. Unless otherwise instructed by the Depositor, if permitted pursuant to a Sale and Servicing Agreement, the Master Servicer shall request, on an electronic tape annual basis beginning one year after the Closing Date, copies of the Servicer’s internal quality control reports (it being understood that the Master Servicer shall have no responsibility for, or be deemed to Bloomberg Financial Marketshave, Inc. constructive notice of any information contained therein or determinable therefrom). Neither the Master Servicer nor the Securities Administrator shall be under any duty to recalculate, verify or recompute the information provided to it under any Sale and Servicing Agreement by the applicable Servicer. (e) Notwithstanding anything to the contrary herein, if the Master Servicer receives a request from a Servicer in a format acceptable accordance with the related Servicing Agreement for the adjusted tax basis of certain Foreclosure Restricted Mortgage Loans (as such term is defined in the related Servicing Agreement)) serviced by such Servicer and the adjusted tax basis of all Mortgage Loans serviced by such Servicer, then the Master Servicer shall promptly notify the Securities Administrator of such request. Upon notification of such request from the Master Servicer, the Securities Administrator shall promptly provide such information requested by the Servicer to Bloomberg Financial Markets, Inc. on a monthly basisthe Master Servicer, and the Master Servicer shall supply an electronic tape provide such requested information to Loan Performance and Intex Solutions the related Servicer in a format acceptable to Loan Performance and Intex Solutions on a monthly basisaccordance with the related Servicing Agreement.

Appears in 1 contract

Sources: Master Servicing and Trust Agreement (Gs Mortgage Securities Corp Gsamp Trust 2004-Sea1)

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each 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 forward by mail to each Holder of the Regular Certificates, the Master Servicer, the Certificate Insurer and the Servicer (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 principal;Class A Certificates, (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Class A Certificates allocable to principal and 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 the Overcollateralization Target Amount as of such Distribution Date for each Class of Class A Certificates and the General Excess Available Amount for each related Loan Group for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by 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 returnsreturns and, separately identified, the amount of compensation paid to the Special Servicer; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPrepayment Period; (vi) the Pool Collateral Principal 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 Prepayment Period; (viiivii) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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; (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 Close of business Business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan as to which the related Mortgaged Property became an REO Property during the preceding calendar month, in each casethe loan number of such Mortgage Loan, using the MBA methodPrincipal Balance of such Mortgage Loan as of the Close of Business on the last day of the related Prepayment Period, and the date on which it became an REO Property; (xiiix) 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 Perioddue 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 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; (xvixiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Class Certificate Principal Balance or Class Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class A Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, Class A 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 Master Servicer pursuant to Section 3.26; (xvii) the amount of premium to be paid to the Certificate Insurer and the Trustee Fee for such Distribution Date, stated separately; (xviii) the Group I Interest Carryover and the Group II Interest Carryover, if any, for such Distribution Date and the amount remaining unpaid on each Interest Carryover after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Deficiency Amount after giving effect to the distribution of principal on such Distribution Date; (xx) whether the Step Down Cumulative Loss Test, Step Down Rolling Delinquency Test, Step Down Rolling Loss Test, Step Up Cumulative Loss Test, Step Up Rolling Delinquency Test, Step Up Rolling Loss Test and/or Step Up Spread Squeeze Test have been met, the cumulative realized losses with respect to each Loan Group, as a percentage of the original Loan Group Balance, the Delinquency Percentage and the Annual Loss Percentage; (xxi) the Available Funds with respect to each Loan Group; (xxxxii) the Pass-Through Rate for the Class A-1 and Adjusted Cap Rate for each Class of A-2 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 Master Servicer, Special Servicer or Seller during the related Due Period, Period and indicating the relevant section of the 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 premium to be paid to the related accrued interest thereonPMI Insurer; (xxvi) for each Loan Groupthe aggregate amount representing collections of Prepayment Premiums during the related Prepayment Period included in Group I Available Funds and Group II Available Funds, the amount of Deferred Interest and Net Deferred Interest, if any, for on such Loan GroupDistribution Date; (xxvii) the Class X Group I IO Component Distributable Amount and the Class X Group II IO Component Distributable Amount for such Distribution Date and (a) the portion thereof distributed on the current Distribution Date and the portion thereof remaining unpaid on such Distribution Date, (b) any such amount of Net Deferred Interest, if any, added for any prior Distribution Date distributed on the current Distribution Date and (c) any such amount for any prior Distribution Date remaining unpaid after giving effect to the Class Principal Balance of distributions on the related Certificates;current Distribution Date, separately stated; and (xxviii) the amount on deposit in each of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency AmountPre-Funding Accounts and Capitalized Interest Accounts, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amountstated separately. The Trustee shall forward such report concurrently with each distribution to the Certificateholders, the Certificate Insurer (at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, Attention: Surveillance Department) and the Rating Agencies on the related Distribution Date. The 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 Trustee’s Internet 's website. The Trustee’s Internet 's website shall initially can be located accessed at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using /invr. The 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 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 suchMaster Servicer. The 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 Trustee 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 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 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, Seller and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the 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 the Servicer during the related Due Period and such other Period (v) any customary information as the Trustee deems necessary or desirable, or which a Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns; (vvi) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed Advances; (vivii) 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 (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [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; (xiiix) 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; (xiiix) 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; (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 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; (xvixiii) the Class Certificate Principal Balance or Class Certificate Notional BalanceAmount, 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; (xviixiv) 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; (xviiixv) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xixxvi) the Available Funds with respect to each Loan GroupFunds; (xxxvii) the Pass-Through Rate and Adjusted Cap Rate for each Class of Certificates for such Distribution Date;; and (xxixviii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 Trustee’s Internet internet website. The Trustee’s Internet internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇▇▇▇./▇▇▇.” Assistance in using the website can be obtained by calling the 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 at ▇-▇▇▇-▇▇▇-▇▇▇▇ and indicating such. The 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 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 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 (Greenpoint Mortgage Loan Trust 2004-1)

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Servicer, the Certificate Administrator shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicer (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 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) 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; (viiiiv) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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 month, in each case, using the MBA methodREO Properties; (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; (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 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; (xviviii) the Class Certificate Principal Balance or Class Notional Balance, 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 Monthly Unpaid Interest Distributable Amount and the 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 Class A Certificates, each class of the Mezzanine Certificates and Adjusted Cap Rate for each 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 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; (xxviixiii) the amount respective REMIC Pass-Through Rates applicable to each class of Net Deferred Interest, if any, added to the Class Principal Balance A Certificates, each class of the related CertificatesMezzanine 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; (xxviiixiv) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in Supplemental Interest Payment for each Loan GroupClass on such Distribution Date; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 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 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 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 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 Closing Date. In addition 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 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 ABCertificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Certificate 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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)

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each the Rating Agency, a statement based, as applicable, on loan-level information obtained from and the 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 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) 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reservedreserved]; (x) [Reservedreserved]; (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 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 Balance, 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 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; (xxvii) payments made under the Yield Maintenance Agreement, if any; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related CertificatesCertificates and Principal-Only Components; (xxviiixxix) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxixxxx) the Deficiency Amount, if any, to be paid by the Certificate Insurer;; and (xxxxxxi) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 Trustee’s Internet internet website. The Trustee’s Internet internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the 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 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 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 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Servicer, the Certificate Administrator shall prepare and make available to each Holder of the Regular Certificates, the Servicer and the Servicer (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 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) 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; (viiiiv) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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 month, in each case, using the MBA methodREO Properties; (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; (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 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; (xviviii) the Class Certificate Principal Balance or of the Class Notional BalanceA-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 Monthly Unpaid Interest Distributable Amount and the 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 Class A-1 Certificates, the Mezzanine Certificates and Adjusted Cap Rate for each 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 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; (xxviixiii) the amount of Net Deferred Interest, if any, added respective REMIC Pass-Through Rates applicable to the Class Principal Balance of A-1 Certificates, the related CertificatesMezzanine Certificates and the Class AIO Certificates for such Distribution Date and the REMIC Pass-Through Rate applicable to the Class A-1 Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date; (xxviiixiv) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in Supplemental Interest Payment for each Loan GroupClass on such Distribution Date; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 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 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 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 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 Closing Date. In addition 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 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 ABCertificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the Trustee Certificate 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Certificate Administrator shall forward to the Residual Certificateholders a copy of the reports forwarded to the Regular Certificateholders in respect of such Distribution Date with such other information as the Certificate Administrator deems necessary or appropriate. (d) Within a reasonable period of time after the end of each calendar year, 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 statement containing the information provided pursuant to the previous paragraph aggregated for such calendar year or applicable portion thereof during which such Person was a Residual Certificateholder. Such obligation of the 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, 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 supply an electronic tape forward by mail to Bloomberg Financial Marketseach 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 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 Certificate Administrator, 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 basisas required pursuant hereto.

Appears in 1 contract

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

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate Insurereach Seller, the Seller, Master Servicer and each the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from and the Servicer pursuant to the provision by the Servicer of its Remittance Report (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 the Servicer during the related Due Period (without taking into account any reduction thereof in respect of Compensating Interest) 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and ; (ix) for each Loan Group 3Group, the aggregate Principal Balance of the COFI One-Year LIBOR Indexed Mortgage Loans; (ix) [Reserved]Loans at the Close of Business at the end of the related Due Period; (x) [Reserved]for each Loan Group, the aggregate Principal Balance of the Six-Month LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (xi) for each Loan Group, 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, Loans in the aggregate and for each Loan Group, 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 and the Net Realized Losses for each Class of Certificates on such Distribution Date, 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 Notional Balance, 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 Shortfalls, the Unpaid Interest Shortfall Amount Amount, and the Interest Shortfall 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 each Seller during the related Due Period, and indicating the relevant section of the 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. The Securities Administrator’s obligations pursuant to this Section 5.04 are limited to the extent of its receipt of all necessary information from the Servicer. The Trustee and the Securities Administrator 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. 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 Trustee 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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) On or before January 31st of each year, the Servicer, on behalf of the Trust, shall provide the Securities Administrator with written notice listing all Distribution Date statements with respect to Distribution Dates occurring in the prior calendar year that were included in a Form 8-K filing pursuant to Section 3.28, provided however, 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 15th of each year in which such written notice is provided by the Servicer to the Securities Administrator, the Securities Administrator shall sign a certification (in the form attached hereto as Exhibit P), for the benefit of the Person(s) signing the Form 10-K Certification, regarding certain aspects of the Form 10-K Certification.

Appears in 1 contract

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

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate InsurerSeller, the Seller, Master Servicer and each the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer 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 the 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and ; (ix) for each Loan Group 3Group, the aggregate Principal Balance of the COFI One-Month LIBOR Indexed, Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans; (ix) [Reserved]Loans at the Close of Business at the end of the related Due Period; (x) [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 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 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 BalanceAmount, 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;; 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 Trustee 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 (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 Each month, not later than 12:00 noon New York time on the Determination Date, the Trust Administrator shall deliver to the Note Insurer and to the Indenture Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee shall make available for distribution to each Certificateholderthe Certificateholders, the Certificate Insurerreceipt 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 SellerSeries number of the Notes, the date of this Agreement, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Servicer (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 Insured Payments in the aggregate and listed separately by 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 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) the number and Principal Balances of all Mortgage Loans in each Pool Collateral Balance and which were the Loan Group Collateral Balance for such Distribution Datesubject of Principal Prepayments during the Due Period; (vii) the Loan Group Balance and related Net WAC and applicable 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) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance amount of all Excess Payments and the One-Month MTA Indexed Mortgage Loans at amounts of Monthly Payments in respect of principal received during the Close of Business at the end of the related Due Period, and stated separately for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loanseach Pool; (ix) [Reserved]the amount of interest received on the Mortgage Loans, stated separately for each Pool; (x) [Reserved]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 Pool; (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, in each case, using the MBA method; (xiii) the book value (if available) 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 Period, stated separately for each Loan Group Pool; (xiii) the Pool Remittance Amounts for Pool I and Pool II and in the cumulative amount of Realized Losses aggregate and by component and listed separately for the amount of Realized Losses, if any, allocated portions relating to each Class of Certificates or Principal-Only ComponentsNotes in the related Pool; (xiv) the Reimbursable Amounts and the Certificate Remittance Amount with 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 Realized Losses made on such Remittance Date; (xvi) the Class Principal Balance or Class Notional Balance, 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 Monthly Interest Distributable Amount and Cumulative Realized Losses, stated separately for each Pool, with respect to 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 Remittance Date; (xviii) the aggregate amount of any Net weighted average maturity and weighted average Loan Interest Shortfalls and the Unpaid Interest Shortfall Amount Rate, stated separately for such Distribution Dateeach Pool; (xix) the Available Funds with respect Servicing Fees, the Contingency Fees, and amounts to be deposited to the Expense Accounts and the Insurance Accounts, in each Loan Groupcase, as applicable, stated separately for each Pool; (xx) the Pass-Through Rate amount of all payments and Adjusted Cap Rate for 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 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 and Adjusted Loan Interest Rate of any Principal Deficiency Amounts or Accrued the Mortgage 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 any, and the related accrued interest thereonNet Funds 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 Interest, if any, Carryover for such Loan GroupClass for such Remittance Date; (xxvii) the amount of Net Deferred Interestthe distribution, if any, added allocable to Noteholders' Interest Carryover and the amount of any Noteholders' Interest Carryover for all prior Remittance Dates after giving effect to such distribution (in each case, stated separately by Class Principal Balance of and in the related Certificatesaggregate); (xxviii) the amount of the Certificate Insurer Reimbursement Supplemental Interest Amount, Supplemental Interest Payments and Supplemental Interest Excess, if any, for such Remittance Date; (xxix) the Deficiency Amountnumber and Principal Balance of all Defaulted Loans purchased during the Due Period, if any, to be paid by the Certificate Insurerstated separately for each Pool; (xxx) the number of mortgage loans Spread Balance, the Specified Spread Account Requirement for such Remittance Date and the aggregate principal balance portion of the mortgage loans amounts on deposit on the Spread Account that have negatively amortized in each Loan Groupconstitute investment earnings; and (xxxi) such other information as the Note Insurer and the Indenture Trustee may reasonably require. The Indenture Trustee shall forward such report to the Noteholders of the applicable Pool, the Note Insurer and the Owner Trustee on the Remittance Date, together, if requested by a Noteholder, with a separate report indicating the amount of any Class X-1 Distributable Amountfunds deposited in each Note Distribution Account pursuant to Section 7.01(a)(iv); and the amounts which are reimbursable to the Servicer or the Representative, Class X-3A Distributable Amount as appropriate, pursuant to Sections 7.03(c)(i), 7.03(c)(ii), 7.04(b)(iv) and Class X-B Distributable Amount7.08(d)(iii) (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). The To the extent that there are inconsistencies between the telecopy of the Trust Administrator's Certificate and the hard copy thereof, the Indenture 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 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 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 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 Trustee 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 Off Date. In addition Each month, not later than the third Business Day prior to the information listed above, Determination Date occurring in such Distribution Date Statement shall also include such other information as is required by Form 10-D, including, but not limited tomonth, 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 Item 1121 (§ 229.1121) them pursuant to any of Regulation ABthe 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 Trustee shall, upon written request, Trust Administrator shall furnish to the Certificate Insurer Indenture Trustee for distribution to each Person who at any time during the calendar year was a Noteholder of the applicable Pool the amount of interest and principal distributed with respect to each Class of Notes plus such other customary information as the Trust Administrator determines to be necessary and/or required by the Internal Revenue Service to enable the Noteholders to prepare their tax returns for such calendar year. 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 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) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to the Indenture Trustee, with a copy to the Owner Trustee for distribution 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) and (ii) above, 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 Trustee Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished provided by the Trustee to Certificateholders Trust Administrator pursuant to any requirements of the Code as are in force from time to timetime in force. (cd) On each Distribution DateUpon reasonable advance notice in writing, the Trustee Servicer will provide to each Noteholder 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 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 supply an electronic tape furnish to Bloomberg Financial Marketseach Noteholder and the Note Insurer, Inc. 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 Noteholder or the Note Insurer, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided by and in a format acceptable accordance with such applicable instructions and directions as the Noteholder or the Note Insurer may reasonably require; provided, that the Servicer shall be entitled to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions be reimbursed by such Noteholder or the Note Insurer 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 Home Equity Corp)

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained from contained in the Remittance Report, the Securities Administrator shall make available to Holders of the Regular Certificates and the Servicer NIMS Insurer on its internet website, initially located at "▇▇▇.▇▇▇▇▇▇▇.▇▇▇," a statement (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 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) 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 close of Business business at the end of the related Due Period; (viiivii) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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, in each casethe loan number of such Mortgage Loan, using the MBA methodunpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) 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 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 for each Loan Group 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 Principal Balance or Class Notional BalanceApplied 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 Monthly Accrued Certificate Interest Distributable Amount and the 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 and Adjusted Cap 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 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; (xxvii) all reimbursements of Realized Losses previously allocated to reduce the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance of the related Certificates; (xxviii) the amount any Class of the Certificate Insurer Reimbursement AmountCertificates that were reimbursed on such Distribution Date, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the remaining amount of any Class X-1 Distributable AmountRealized Losses that have been so allocated and not yet reimbursed, Class X-3A Distributable Amount and Class X-B Distributable Amountfor each Class. The 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 Trustee’s Internet website. The Trustee’s Internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the Securities Administrator's website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 Trustee shall, upon written request, shall 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 and to provide to such Person the NIMS Insurer, a statement containing the information set forth in subclauses (i), (ii), (xi), (xii), (xxiii) and (iixxiv) 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 make available on its website the same information to the 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, the Trustee shall supply an electronic tape furnish to Bloomberg Financial Marketseach 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, Inc. 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 Two Business Days prior to each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, and concurrently with each distribution to Certificateholders, the Securities Administrator shall make available to each Certificateholder, Holder of the Certificate InsurerRegular Certificates, the Seller, the Master Servicer, the Trustee and each the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from and provided to it by the Servicer Master Servicer, (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Pro Rata Senior Percentage, Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the Six-Month CMT Indexed and One-Month MTA Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and ; (ix) for each Loan Group 3Group, the aggregate Principal Balance of the COFI Six-Month LIBOR Indexed, One-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans; (ix) [Reserved]Loans at the Close of Business at the end of the related Due Period; (x) [Reservedreserved]; (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 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 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 Notional Balance, 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;; and (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxii) the amount of any Principal Deficiency Amounts or Accrued Interest Amounts paid to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 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 (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee Securities Administrator shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis. (d) No later than the second Business Day following each Determination Date, the Master Servicer shall provide the Securities Administrator the following information with respect to each Mortgage Loan (the “Remittance Report”): (i) the Mortgage Loan identifying number; (ii) [reserved]; (iii) the current Loan Rate as of the end of the related Due Period; (iv) the related Servicing Fee Rate; (v) the current Monthly Payment due as of the end of the related Due Period; (vi) the next scheduled Due Date as of the end of the related Due Period; (vii) the next Adjustment Date of the Mortgage Loan as of the end of the related Due Period, if applicable; (viii) the Stated Principal Balance of the Mortgage Loan immediately prior to the related Due Period; (ix) the Stated Principal Balance of the Mortgage Loan as of the end of the related Due Period; (x) [reserved]; (xi) the aggregate of all interest received on the Mortgage Loan, including Advances; (xii) [reserved]; (xiii) the aggregate of all scheduled principal payments received on the Mortgage Loans, including Advances; (xiv) Principal Prepayments in part; (xv) Principal Prepayments in full; (xvi) the delinquency status of the Mortgage Loan (i.e., 0, 30, 60, 90+ days Delinquent); (xvii) Prepayment Penalty Amounts; (xviii) an indication as to whether the Mortgage Loan is in foreclosure; (xix) an indication as to whether the related Mortgaged Property has become an REO Property; (xx) the date of bankruptcy of the Mortgagor, if any; (xxi) the date of foreclosure, if any; (xxii) the date on which the related Mortgaged Property became an REO Property; (xxiii) for each Mortgage Loan for which a Liquidation Event has occurred, whether such Mortgage Loan (i) has been paid in full, (ii) is a Liquidated Mortgage Loan or (iii) has been repurchased or replaced; (xxiv) [reserved]; (xxv) the Stated Principal Balance of the Mortgage Loan on the date on which a Liquidation Event occurs; (xxvi) Liquidation Proceeds; (xxvii) Net Liquidation Proceeds; (xxviii) Realized Losses; (xxix) Net Interest Shortfalls; (xxx) Relief Act Reductions; (xxxi) the aggregate of all scheduled interest received on the Mortgage Loans, excluding Advances; (xxxii) the aggregate of all scheduled principal received on the Mortgage Loans, excluding Advances; (xxxiii) the current amount of Advances outstanding; (xxxiv) the amount advanced by the related Servicer. (xxxv) the amount of principal advanced by the related Servicer; and (xxxvi) the amount of interest advanced by the related Servicer.

Appears in 1 contract

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

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained from contained in the Remittance Report, the Trustee shall prepare and the Servicer (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 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution DateCollection Period; (vii) the Loan Group Pool Balance and related Net WAC and applicable 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 (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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, in each casethe loan number of such Mortgage Loan, using the MBA methodunpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiixi) the book value (if available) 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 for each Loan Group 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 Notional BalanceAmount, 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 Monthly Accrued Certificate Interest Distributable Amount and the 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 and Adjusted Cap 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 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 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 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 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. 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 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate InsurerSeller, the Seller, Master Servicer and each the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from and the Servicer pursuant to the provision by the Servicer of its Remittance Report (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 the Servicer during the related Due Period (without taking into account any reduction thereof in respect of Compensating Interest) 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination 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 (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and ; (ix) for each Loan Group 3Group, the aggregate Principal Balance of the COFI One-Year LIBOR Indexed Mortgage Loans; (ix) [Reserved]Loans at the Close of Business at the end of the related Due Period; (x) [ReservedRESERVED]; (xi) for each Loan Group, 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, Loans in the aggregate and for each Loan Group, 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 and the Net Realized Losses for each Class of Certificates on such Distribution Date, 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 Balance, as applicable, Amount 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 Shortfalls, the Unpaid Interest Shortfall Amount Amount, and the Interest Shortfall 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 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; (xxvii) the amount of Net Deferred Interest, if any, added with respect to the Class Principal Balance of the related LIBOR Certificates; (xxviiixxiv) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, current Recoveries allocable to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxixxv) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amountcumulative Recoveries allocable to each Loan Group. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. The Securities Administrator’s obligations pursuant to this Section 5.04 are limited to the extent of its receipt of all necessary information from the Servicer. The Trustee and the Securities Administrator 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. 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 Trustee 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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) On or before January 31st of each year, the Servicer, on behalf of the Trust, shall provide the Securities Administrator with written notice listing all Distribution Date statements with respect to Distribution Dates occurring in the prior calendar year that were included in a Form 8-K filing pursuant to Section 3.28, provided however, 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 15th of each year in which such written notice is provided by the Servicer to the Securities Administrator, the Securities Administrator shall sign a certification (in the form attached hereto as Exhibit P), for the benefit of the Person(s) signing the Form 10-K Certification, regarding certain aspects of the Form 10-K Certification.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Provident Funding Mortgage Loan Trust 2005-1)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Servicer, the Trustee shall make available to each CertificateholderHolder of the Regular Certificates, the Certificate Insurer, Servicer and the Seller, and each Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from and the 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 (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 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date[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 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 (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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 month, in each case, using the MBA methodsuch Distribution Date; (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 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 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; (xvixv) the Class Certificate Principal Balance or Class Notional Balance, 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 Monthly Interest Distributable Amount and 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 and Adjusted Cap 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 Trustee’s Internet website's internet website and its fax-on-demand service and will forward the Distribution Date Statement to each Rating Agency. The Trustee’s Internet '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 Trustee 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 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 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 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 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) and through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 Servicer in its Determination Date Report, the Indenture Trustee shall prepare and make available to each CertificateholderNoteholder, the Certificate InsurerSwap Counterparties, the SellerCap Counterparties, the Servicer and each the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from and the Servicer (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 Pool Balance of servicing compensation received by 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 Group I Mortgage Loans and the amount of unreimbursed Advances; (vi) 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 II Mortgage Loans at the Close of Business at the end of the related Due Period; (viiiv) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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 month, in each case, using the MBA methoda contractual and bankruptcy legal basis; (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; (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 for each Loan Group 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 Principal Balance or Class Notional Balance, 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 Monthly Interest Distributable Amount and aggregate amount of Scheduled Principal Payments made during 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 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 Adjusted Cap Rate 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 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) 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) MI Insurer in respect of claims made, and premiums due and paid under the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable AmountMI Policy, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 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 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 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 solely to the parties, and extent provided by the Trustee 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. In addition 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 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) Noteholders pursuant to this Section 2.09. Within a reasonable period of time after the end of each calendar year, the Indenture 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 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) and (ii) 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 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 Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to timeIndenture Trustee. (c) On each Distribution Date, the Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 1 contract

Sources: Indenture (NovaStar Mortgage Funding Trust, Series 2006-1)

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each the Rating Agency, a statement based, as applicable, on loan-level information obtained from and the 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 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) 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]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); (x) [Reservedreserved]; (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 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 Balance, 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 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; (xxvii) payments made under the Yield Maintenance Agreements, if any; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related CertificatesCertificates and Principal-Only Components; (xxviiixxix) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxixxxx) the Deficiency Amount, if any, to be paid by the Certificate Insurer;; and (xxxxxxi) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 Trustee’s Internet internet website. The Trustee’s Internet internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the 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 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 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 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 2005-10)

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained from contained in the Remittance Report, the Trustee shall prepare and forward by mail to each Holder of the Regular Certificates, the Servicer and the Servicer (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 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) 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 close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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, in each casethe loan number of such Mortgage Loan, using the MBA methodunpaid 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 (if available) 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 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; (xvixiv) the Class Certificate Principal Balance Balance, or Class Notional BalanceAmount, 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 Monthly Accrued Certificate Interest Distributable Amount and the 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 and Adjusted Cap 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 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) the amount of Net Deferred Interest, if any, added to the Class aggregate Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid Mortgage Loans repurchased by the Certificate Insurer; (xxx) Seller during the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized related Collection Period in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amountconnection with Section 3.16. The Trustee shall make forward such report concurrently with each distribution to the Distribution Date Statement Certificateholders, the Rating Agencies, Bloomberg (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and the other parties to this Agreement via the Trustee’s Internet website. The Trustee’s Internet website shall initially be located at “▇▇▇ ▇▇▇▇ ▇▇▇▇▇://▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, Attention: ▇▇▇▇ ▇▇▇▇▇▇) and Intex Solutions (at ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇, Attention: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇) on the related Distribution Date. The Trustee will also make such reports available each month via the Trustee's website. The Trustee's website can be accessed at ▇▇▇.▇▇▇▇▇.▇▇▇/▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling ▇ or at such other site as the Trustee customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable 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 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 Trustee 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 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 Trustee shall, upon written request, shall 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) and through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate Seller, any NIMS Insurer, the Seller, Master Servicer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer, the Swap Provider, the Basis Risk Cap Provider and the Servicer 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 the 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (vii) the Loan Group Balance for each Loan Group and related the Net WAC and applicable 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]for each Loan Group, 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) [Reserved]; (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, in each case, using the MBA 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 Principal Balance or Class Notional Balance, 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 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; (xxviixxvi) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxvii) the amount of any Unpaid Interest Shortfall Amount; (xxviii) the amount of the Certificate Insurer Reimbursement Group 1 Final Maturity Reserve Amount, if anythe 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 Deficiency Amount, if any, to be paid by the Certificate InsurerOvercollateralized Amount for that Distribution Date; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans Overcollateralization Target Amount for that have negatively amortized in each Loan Group; andDistribution Date; (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A P Distributable Amount and the amount of any Class X-B 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 Trustee 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 and the other parties to this Agreement via the TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇w▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 such any 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 Trustee Securities Administrator shall, upon written request, furnish to the Certificate 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) and (ii) 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 Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 2007-4)

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate InsurerSeller, the Seller, Master Servicer and each the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer 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 the 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and ; (ix) for each Loan Group 3Group, the aggregate Principal Balance of the COFI One-Month LIBOR Indexed, Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans; (ix) [Reserved]Loans at the Close of Business at the end of the related Due Period; (x) [Reservedreserved]; (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 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 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 Notional Balance, 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) 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 Class 1-A 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 Trustee 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 (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 Accep Mort Loan Pass-THR Certs Ser 2004-1)

Statements. (a) On Concurrently with each Distribution Datedistribution to Certificateholders, the Trustee Securities Administrator shall make available to each Certificateholder, the Certificate InsurerSeller, the SellerMaster Servicer, the Trustee and each the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer and the Servicer 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 the 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) 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; (vii) [reserved]. (viii) for each Loan Group (other than Loan Group 3), 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, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]the amount of the Master Servicer Fees paid to or retained by the Master Servicer; (x) [Reserved]the aggregate amount of Servicing Fees paid to or retained by the Servicers; (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, in each case, using the MBA method; (xiiixiv) the book value (if available) 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 for each Loan Group 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 Notional Balance, 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 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; (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 and Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (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 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; (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; (xxvii) the amount total number of Net Deferred Interest, if any, added to Mortgage Loans in the Class 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, in each case at the close of business at the end of the related Certificates;Due Period; and (xxviii) with respect to the Mortgage Loans, but only if such Mortgage Loans were subject to a modification of terms made during the related Due Period as part of a loss mitigation strategy, the following items: (a) the percentage (by outstanding Principal Balance) and the number of Mortgage Loans that were modified in the related Due Period; (b) the cumulative percentage (by Cut-Off Date Principal Balance) of modified mortgage loans; (c) the amount of principal and interest forgiven with respect to modified Mortgage Loans for the Certificate Insurer Reimbursement Amount, if anyrelated Due Period; (xxixd) the Deficiency Amount, if any, cumulative amount of principal and interest forgiven with respect to be paid by modified Mortgage Loans from the Certificate InsurerClosing Date; (xxxe) 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 and the Two Times Test; (f) the delinquency status of the modified Mortgage Loans both pre- and post- modification; (g) the number of mortgage loans 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 aggregate principal balance delinquency status of the mortgage loans that have negatively amortized in each Loan Groupmodified Mortgage Loans from the Closing Date; and (xxxik) the amount Loan Rate of any Class X-1 Distributable Amount, Class X-3A Distributable Amount the modified Mortgage Loans pre- and Class X-B Distributable Amountpost- modification. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇w▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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. (bl) Within a reasonable period of time after the end of each calendar year, the Trustee 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), (ii) and (iiiv) 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 Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 2008-1)

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the 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 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) 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA and LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [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 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 Principal Balance or Class Notional Balance, 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and; (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A X-2 Distributable Amount and Class X-B Distributable Amount; (xxxii) the aggregate amount of any insurance claim payments received with respect to the Bulk PMI Policy during the related Due Period; and (xxxiii) the amount of the Bulk PMI Fee paid during the Due Period to which such distribution relates. The 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 Trustee’s Internet website. The Trustee’s Internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇▇▇▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the 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 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 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. 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 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 2006-5)

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate InsurerSeller, the Seller, Master Servicer and each the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer 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 the 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and ; (ix) for each Loan Group 3Group, the aggregate Principal Balance of the COFI One-Month LIBOR Indexed, Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans; (ix) [Reserved]Loans at the Close of Business at the end of the related Due Period; (x) [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 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 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 Notional Balance, 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;; 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 Trustee 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 (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Yield Maintenance Provider, the Seller, any NIMS Insurer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the 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 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 the 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (vii) the Loan Group Balance for each Loan Group and related the Net WAC and applicable 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]for each Loan Group, 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) [Reserved]; (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, in each case, 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 Principal Balance or Class Notional Balance, 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 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; (xxvi) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxvii) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency amount of any Unpaid Interest Shortfall Amount, if any, to be paid by the Certificate Insurer; (xxx) the number amount of mortgage loans and any Final Maturity Reserve Amount deposited in the aggregate principal balance 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 mortgage loans Overcollateralized Amount for that have negatively amortized in each Loan GroupDistribution 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 (xxxixxxiv) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B P Distributable Amount. The 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 Trustee’s Internet internet website. The Trustee’s Internet internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇▇▇▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the Trustee Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The 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 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. 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 such any 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 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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. (ai) On Not later than each Distribution Date, the Trustee shall prepare and make available to each CertificateholderHolder of Certificates, the Certificate InsurerMaster Servicer, the Seller, Swap Provider and each Rating Agency, the Depositor a statement based, as applicable, on loan-level information obtained from and setting forth for the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution DateCertificates: (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 applicable record dates, accrual periods, determination dates for calculating distributions and general distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interestdates; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for Group, the following Distribution Datetotal cash flows received and the general sources thereof; (iv) the aggregate amount, if any, of fees or expenses accrued and paid, with an identification of the payee and the general purpose of such fees including the related amount of servicing compensation received the Servicing Fees paid to or retained by 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 for the related Due Period and the amount of unreimbursed Advances; (vi) 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; (viiiv) for with respect to each Loan Group (other than Group, the amount of any Net Swap Payment payable to the trust with respect to the related Loan Group, any related Net Swap Payment payable to the related Swap Provider, any Swap Termination Payment payable to the trust with respect to the related Loan Group 3)and any Swap Termination Payment payable to the Swap Provider; (vi) with respect to each Loan Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end amount of the related Due Perioddistribution to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein, (B) the aggregate of all scheduled payments of principal included therein and for (C) the Extra Principal Distribution Amount (if any); (vii) with respect to each Loan Group 3Group, the aggregate Principal Balance amount of such distribution to Holders of each Class allocable to interest and the COFI Indexed Mortgage Loansportion thereof, if any, provided by the related Interest Rate Swap Agreement and the related Yield Maintenance Agreement and the amount of coverage remaining under either credit enhancement with respect to each Loan Group; (viii) with respect to each Loan Group, the Interest Carry Forward Amounts and any Basis Risk Shortfall Carry Forward Amounts for each Class of Certificates (if any); (ix) [Reserved]the Pass-Through Rate for each Class of Certificates with respect to the current Accrual Period, and, if applicable, whether such Pass-Through Rate was limited by the Net Rate Cap; (x) [Reserved]with respect to each Loan Group, the number and the aggregate of the Stated Principal Balance of (A) all of the Mortgage Loans and (B) the Adjustable Rate Mortgage Loans, for the following Distribution Date, together with updated pool composition information; (xi) the Certificate Principal Balance or Certificate Notional Amount, as applicable, of each Class before and after giving effect (i) to all distributions allocable to principal on such Distribution Date and (ii) the allocation of any Applied Realized Loss Amounts 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 such Distribution Date; (xii) the number and aggregate unpaid principal balance Stated Principal Balance of the Mortgage Loans in each Loan Group (A) Delinquent (exclusive of Mortgage Loans, Loans in the aggregate foreclosure and for each Loan Group, bankruptcy) (a1) 30 to 59 days Delinquent, (b2) 60 to 89 days Delinquent and (3) 90 days or more Delinquent, (B) in foreclosure and delinquent (1) 30 days Delinquent, (c2) 60 days Delinquent and (3) 90 days or more Delinquent and (C) in bankruptcy and delinquent (1) 30 days Delinquent, (d2) as to which foreclosure proceedings have been commenced 60 days Delinquent and (e3) in bankruptcy90 days or more Delinquent, in each case as of the close of business on the last day of the calendar month preceding calendar monthsuch Distribution Date and separately identifying such information for the (1) first lien Mortgage Loans, (2) second lien Mortgage Loans, and (3) Adjustable Rate Mortgage Loans, in each case, using the MBA methodsuch Loan Group; (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, cumulativelywith respect to each Loan Group, the total number amount of, if any, of excess cashflow or excess spread and cumulative principal balance the application of all REO Properties in each Loan Group as of the Close of Business of the last day of the preceding Due Periodsuch excess cashflow; (xiv) with respect to each Loan Group, the aggregate amount of Principal Prepayments Advances included in the distribution on such Distribution Date (including the general purpose of such Advances), the aggregate amount of unreimbursed Advances at the close of business on the Distribution Date, and the general source of funds for reimbursements; (xv) with respect to each Loan Group, the cumulative amount of Applied Realized Loss Amounts through the end of the preceding month; (xvi) with respect to each Loan Group made and if applicable, material modifications, extensions or waivers to Mortgage Loan terms, fees, penalties or payments 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 preceding calendar month or Principal-Only Components; (xvi) the Class Principal Balance or Class Notional Balance, 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 Datethat have become material over time; (xvii) with respect to any Mortgage Loan that was liquidated during the Monthly Interest Distributable Amount preceding calendar month, the loan number and Stated Principal Balance of, and Realized Loss on, such Mortgage Loan as of the Interest Distributable Amount in respect close of each Class of Certificates, for such Distribution business on the Determination Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates on preceding 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, the aggregate Stated Principal Balance of, and Realized Loss on, such Mortgage Loans as of the end of the related Prepayment Period; (xix) with respect to each Loan Group, the total number and principal balance of any real estate owned or REO Properties as of the end of the related Prepayment Period; (xx) with respect to each Loan Group, the Pass-Through Rate three month rolling average of the percent equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of the Mortgage Loans in such Loan Group that are 60 days or more delinquent or are in bankruptcy or foreclosure or are REO Properties, and Adjusted Cap Rate for the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans in such Loan Group, in each Class case as of Certificates for the close of business on the last day of the calendar month preceding such Distribution DateDate and separately identifying such information for the (1) first lien Mortgage Loans, and (2) Adjustable Rate Mortgage Loans; (xxi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller Realized Losses during the related Due Period, Prepayment Period and indicating the relevant section cumulative Realized Losses through the end of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loanpreceding month; (xxii) with respect to each Loan Group, information on loss, delinquency or other tests used for determining early amortization, liquidation, stepdowns or other performance triggers as more completely described in 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)prospectus supplement and whether the trigger was met; (xxiii) current Recoveries allocable with respect 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 the Prepayment Charges remitted by the Master Servicer and Net Deferred Interestthe amount on deposit in the Reserve Fund; (xxiv) updated pool composition data including the following with respect to each Loan Group: average loan balance, weighted average mortgage rate, weighted average loan-to-value ratio at origination, weighted average FICO at originationweighted average remaining term; [NOTE - Item 1121(a)(8) requires updated pool composition information, the foregoing is a suggestion of what to provide] (xxv) with respect to each Loan Group, information regarding any new issuance of securities backed by the same asset pool, any pool asset changes, such as additions or removals of Mortgage Loans from the Trust Fund, if anyapplicable; (xxvi) any material changes in the solicitation, credit-granting, underwriting, origination, acquisition or Mortgage Loan selection criteria or procedures, as applicable, used to originate, acquire or select Mortgage Loans for such Loan Groupthe Trust Fund; (xxvii) the amount with respect to each Loan Group, material breaches of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates;Mortgage Loan representations or warranties or transaction covenants; and (xxviii) the special hazard amount, fraud loss amount and bankruptcy amount, if applicable, as of the Certificate Insurer Reimbursement Amount, if any;close of business on the applicable distribution date and a description of any change in the calculation of these amounts. (xxix) The Depositor agrees that there will be no material changes in the Deficiency Amountsolicitation, if anycredit-granting, underwriting, origination, acquisition or Mortgage Loan selection criteria or procedures, as applicable, used to originate, acquire or select Mortgage Loans for the Trust Fund and (xxv) above may be paid omitted. The Depositor agrees with the Trustee that there will be no new issuance of securities backed by the Certificate Insurer; same asset pool, so the Trustee will only be responsible in (xxxxxiv) above for reporting any pool asset changes, such as additions or removals of Mortgage Loans from the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable AmountTrust Fund. The Trustee shall will make the Distribution Date Statement such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders Certificateholders, the NIMS Insurer, the Credit Risk Manager and the other parties to this Agreement Rating Agencies via the Trustee’s Internet 's internet website. The Trustee’s Internet 's internet website shall initially be located at "▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇▇▇▇▇.▇▇▇.” /invr". Assistance in using the website can be obtained by calling the Trustee Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The 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 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 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 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Financial Asset Securities Corp)

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each 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 forward by mail to each Holder of the Regular Certificates, the Master Servicer and the Servicer (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 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 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) the Pool Collateral Balance Senior Prepayment Percentage and the Loan Subordinated Prepayment Percentage with respect to each Certificate Group Collateral Balance for such 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 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 (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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, in each casethe loan number of such Mortgage Loan, using the MBA methodPrincipal Balance of such Mortgage Loan as of the date it became an REO Property; (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 for each Loan Group 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 Notional Balance, 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 Monthly Interest Distributable Amount and 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 and Adjusted Cap 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of Rating Agencies on the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable AmountDistribution Date. The Trustee shall 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 Trustee’s Internet 's website. The Trustee’s Internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using '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 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 suchMaster Servicer. The 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 Trustee 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 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 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) and through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained from contained in the Remittance Report, the Trustee shall prepare and the Servicer (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 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) 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 close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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, in each casethe loan number of such Mortgage Loan, using the MBA methodunpaid 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 (if available) 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 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; (xvixiv) the Class Certificate Principal Balance Balance, or Class Notional BalanceAmount, 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 Monthly Accrued Certificate Interest Distributable Amount and the 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 and Adjusted Cap 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class aggregate Principal Balance of the Mortgage Loans repurchased by the Servicer (or an affiliate) during the related Certificates;Collection Period in connection with Section 3.16; and (xxviii) the amount of Subsequent Recoveries received during the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 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 customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇related 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 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 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 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 Trustee shall, upon written request, shall 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), (ii), (xv) and (iixx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 (ABFC C-Bass Mortgage Loan Asset-Backed Certificates, Series 2005-Cb2)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Servicer, the Trustee shall make available to each CertificateholderHolder of the Regular Certificates, the Certificate Insurer, Servicer and the Seller, and each Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from and the 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 such Distribution Date; (iv) the aggregate amount of servicing compensation received by 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date[reserved]; (vii) the Loan Group Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and related Net WAC and applicable 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 (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage LoansNet WAC; (ix) [Reserved]; (x) [Reserved]; (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 month, in each case, using the MBA methodsuch Distribution Date; (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) [reserved]; (xiv) 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; (xvixv) the Class Certificate Principal Balance or Class Notional Balance, 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 Monthly Interest Distributable Amount and 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 and Adjusted Cap 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 Trustee’s Internet website's internet website and will forward the Distribution Date Statement to each Rating Agency. The Trustee’s Internet '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 Trustee 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 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 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 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 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) and through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 Two Business Days prior to the Auction Distribution Date, the Trustee Securities Administrator shall make available to the Auction Administrator, and concurrently with each distribution to Certificateholders, the Securities Administrator shall make available to each Certificateholder, the Certificate InsurerSeller, the SellerMaster Servicer, the Trustee, the Yield Maintenance Counterparty and each the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer and the Servicer 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 Counterparty regarding any Yield Maintenance Amounts required to be paid by the Yield Maintenance Counterparty for the related Distribution Date pursuant to the Yield Maintenance Agreements. 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, including any Required Reserve Fund Deposits; (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 the 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 Advances; (vi) the Pool Collateral Balance and Available Funds Cap for each Class of Senior Certificates (other than the Loan Group Collateral Balance for Class A-X Certificates) on 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 (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, ; (ix) the aggregate Principal Balance of the COFI Six-Month LIBOR Indexed, One-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans; (ix) [Reserved]Loans at the Close of Business at the end of the related Due Period; (x) [Reserved]the amount of the Master Servicer Fees paid to or retained by the Master Servicer; (xi) the aggregate amount of Servicer Fees paid to or retained by the Servicers; (xii) 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, (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; (xiiixv) the book value (if available) 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 for each Loan Group 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 Notional Balance, 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 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; (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 and Adjusted Cap Rate for each Class of Certificates for such Distribution Date and, through the Auction Distribution Date, the level of LIBOR used to determine the applicable Pass-Through Rate; (xxixxvi) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller or TMI during the related Due Period, and indicating the relevant section of the related Servicing Agreement, or the Section of this Agreement, as applicable, 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 (A) the amounts paid to each Loan GroupClass of Senior Certificates (other than the Class A-X Certificate) from Yield Maintenance Amounts received from the Yield Maintenance Counterparty for such period in reduction of any Available Funds Cap Shortfalls, expressed as a per annum rate and as a dollar amount, (B) the amounts paid to the Class A-X Certificates from the excess Yield Maintenance Amounts expressed as a per annum rate and as a dollar amount and (C) the notional balances on each Yield Maintenance Agreement for such Distribution Date; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxvxxix) the amount of any Basis Risk Shortfall, Unpaid Available Funds Cap 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; (xxvii) the amount of Net Deferred Interest, if any, added with respect to the Class Principal Balance A-1, Class A-2 and Class A-3 Certificates following the distributions and allocations made in respect of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurersuch Certificates on such Distribution Date; (xxx) the number amount of mortgage loans any Final Maturity Reserve Amount deposited in the Final Maturity Reserve Account, and, on the earlier of the Distribution Date in January 2036 and the aggregate principal balance termination of the mortgage loans that have negatively amortized Trust, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates; (xxxi) on the Auction Distribution Date, the Par Price (as defined in the Auction Administration Agreement) for each Loan GroupClass of Auction Certificates as reported to the Master Servicer by the Securities Administrator; and (xxxixxxii) the amount total number of any Class X-1 Distributable AmountMortgage Loans in the aggregate and the aggregate Stated Principal Balance in the aggregate and separately for each of the Three-Year, Class X-3A Distributable Amount Five-Year, Seven-Year and Class XTen-B Distributable AmountYear Hybrid Mortgage Loans, in each case at the close of business at the end of the related Due Period. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 2006-1)

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate InsurerSeller, the Seller, Master Servicer and each the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer 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 the 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and ; (ix) for each Loan Group 3Group, the aggregate Principal Balance of the COFI One-Month LIBOR Indexed, Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans; (ix) [Reserved]Loans at the Close of Business at the end of the related Due Period; (x) [Reservedreserved]; (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 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 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 Notional Balance, 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) 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 Trustee 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 (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 Trustee 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 each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer, the Servicer and the Servicer 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 the 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (vii) the Loan Group Balance for each Loan Group and related the Net WAC and applicable 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]for each Loan Group, 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) [Reserved]; (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, in each case, using the MBA 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 Principal Balance or Class Notional Balance, 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 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; (xxvi) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxvii) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency amount of any Unpaid Interest Shortfall Amount, if any, to be paid by the Certificate Insurer; (xxx) the number amount of mortgage loans the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and the aggregate principal balance 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 the mortgage loans that have negatively amortized in each Loan Group; andCertificates; (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 X-1 P Distributable Amount, Class X-3A Distributable Amount ; (xxxvi) the amount on deposit in the Prefunding Account in the aggregate and Class X-B Distributable Amountfor 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 Trustee 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 Certificateholders, the Certificate Insurer and the other parties to this Agreement via the TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 such any 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 Trustee Securities Administrator shall, upon written request, furnish to the Certificate 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) and (ii) 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 Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 2007-Ar1)

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 Trustee shall make available on its website initially located at www.jpmorgan.com/sfr to each Certificateholderthe Deposito▇, ▇▇▇▇ ▇▇▇▇▇, the Certificate Insurer, Servicers and the Seller, and each Rating Agency, Agencies a statement based, as applicable, on loan-level information obtained from and setting forth the Servicer (the “Distribution Date Statement”) as to the distributions to be made or made, as applicable, on such Distribution Datefollowing information: (i) the aggregate amount of on deposit in the distribution made Certificate Account on such Distribution Date to the Holders of each Class of Certificates allocable to principalDate; (ii) the amount Accrued Certificate Interest, Unpaid Interest Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Principal Distribution Amount, with respect to each Class individually, all Classes of the distribution made on such Distribution Date to Offered Certificates in the Holders aggregate, all Classes of each Class M Certificates in the aggregate and all Classes of Class B Certificates allocable to interestin the aggregate; (iii) the Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage Pass-Through Rate for each Class of Certificates applicable to the related Accrual Period and Subordinate Prepayment Percentage LIBOR applicable to the Certificates with respect to each Loan Group for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by 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 returnsreserved; (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 Advances for the related Due Period interest and principal of each Class of Offered Certificates to be paid on such Distribution Date and the amount remaining Certificate Balance of unreimbursed Advanceseach Class of Offered Certificates following any such payment; (vi) the Pool Collateral Balance 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 Loan Group Collateral Balance for such Distribution Date; (vii) amount of Cumulative Realized Losses as of 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 last day of the related Due Period; (vii) reserved; (viii) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance amount of the One-Month MTA Indexed Mortgage Loans at distribution with respect to each Class of Offered Certificates (based on a Certificate in the Close original principal amount of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans$1,000); (ix) [Reserved]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) [Reserved]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) for the principal amount, if any, of each Loan Group, the number, weighted average remaining term to maturity and weighted average Loan Rate Class of the related Mortgage Loans as Offered Certificates (based on a Certificate in the original principal amount of the related Due $1,000) which will be outstanding after giving effect to any payment of principal on such Distribution Date; (xii) the number and aggregate unpaid principal balance 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 aggregate 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 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 of the preceding three months as of the close of business on the last day Business Day of the calendar month next preceding calendar month, in each case, using the MBA methodDistribution Date; (xiiixvii) such other information as the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xviii) the book value Principal Balance of the largest Mortgage Loans outstanding; (if availablexix) the number, aggregate Principal Balances and percentage of any REO Property 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 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 Distribution Datepercentage of Mortgage Loans in foreclosure that are Foreclosure Restricted Mortgage Loans, and, cumulatively, (c) the total number and cumulative principal balance percentage of all REO Properties Property acquired by the Trust in each Loan Group respect of Foreclosure Restricted Mortgage Loans as of the Close close of business on the last Business Day of the last day of the calendar month 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 Principal Balance or Class Notional Balance, 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; (xviiid) the aggregate amount of any Net Interest Shortfalls number and the Unpaid Interest Shortfall Amount for such Distribution Date; (xix) Principal Balances of all Mortgage Loans that are Foreclosure Restricted Mortgage Loans as of the Available Funds with respect to each Loan Group; (xx) close of business on the Pass-Through Rate and Adjusted Cap Rate for each Class last Business Day of Certificates for the calendar month preceding such Distribution Date; (xxi) the aggregate number of Mortgagors and the Principal Balance Balances of the related Mortgages for all Bankruptcy Loans and whether such Mortgage Loans purchased hereunder by the Seller during the related Due Periodare (A) 30-59 days Delinquent, (B) 60-89 days Delinquent and indicating the relevant section (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 Servicing Agreement, or close of business on the Section last Business Day of this Agreement, as applicable, requiring or allowing the purchase of each 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) the amount of Net Deferred Interest, if any, added to the Class number and Principal Balance of all Mortgage Loans that are subject to loss mitigation as of the related Certificatesclose of business on the last Business Day of the calendar month next preceding the Distribution Date; (xxviii) the amount number and Principal Balance of Mortgage Loans that are being contested because of Section 32 of the Certificate Insurer Reimbursement Amount, if anyTruth in Lending Act; (xxix) the Deficiency Amount, if any, to be paid by 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 Certificate Insurerclose 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 mortgage loans and the aggregate principal balance of the mortgage loans all Mortgage Loans that have negatively amortized in each Loan Groupare 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 amount 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 Class X-1 Distributable Amountother information that the Depositor, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 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 customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use or 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 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 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. 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 ABrelevant Servicer deems necessary. (b) Within a reasonable period The Trustee shall report to the Depositor and each Certificateholder, with respect to the amount on deposit in the Certificate Account and the identity of the investments included therein, as the Depositor may from time after to time reasonably request. Without limiting the end generality of each calendar yearthe foregoing, the Trustee shall, upon written request, furnish at the request of the Depositor transmit promptly to the Certificate Insurer and each Person who at any time during the calendar year was a Certificateholder Depositor copies of a Regular Certificate, if requested all accounting of receipts 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation respect of the Trustee Mortgage Loans furnished to it by each Servicer and shall be deemed to have notify the Depositor if any Remittance Amount has not been satisfied to the extent that substantially comparable information shall be prepared and furnished received by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to timewhen due. (c) On The Trustee shall report to the Depositor and each Distribution DateCertificateholder 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 statements set forth in this Agreement are inaccurate. (d) The related Servicer shall furnish to the 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 Bloomberg Financial Marketsbe reimbursed by the requesting party for the fees and actual expenses associated with providing the reports described in clause (ii), Inc. 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 Bloomberg Financial Marketsthe availability, Inc. on a monthly basis, timeliness 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 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 Trust Administrator shall deliver to the Indenture Trustee, by telecopy, for distribution to the Noteholders, and the Owner Trustee shall make available for distribution to each Certificateholderthe Certificateholders, the Certificate Insurerreceipt 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 SellerSeries number of the Notes, the date of this Agreement, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Servicer (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 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 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) the number and Principal Balances of all Loans in each Pool Collateral Balance and which were the Loan Group Collateral Balance for such Distribution Datesubject of Principal Prepayments during the Due Period; (vii) the Loan Group Balance and related Net WAC and applicable 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) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance amount of all Excess Payments and the One-Month MTA Indexed Mortgage Loans at amounts of Monthly Payments in respect of principal received during the Close of Business at the end of the related Due Period, and stated separately for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loanseach Pool; (ix) [Reserved]the amount of interest received on the Mortgage Loans, stated separately for each Pool; (x) [Reserved]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 Pool; (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, in each case, using the MBA method; (xiii) the book value (if available) 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 Period, stated separately for each Loan Group and 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 Principal Balance or Class Notional Balance, 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 Monthly Interest Distributable Spread Amount and the Interest Distributable Specified Subordinated Amount in respect of each Class of Certificates, 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 amount of all payments and Adjusted Cap Rate for 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 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 Interest, if any, Carryover for such Loan GroupClass for such Remittance Date; (xxvii) the amount of Net Deferred Interestthe distribution, if any, added allocable to Noteholders' Interest Carryover and the amount of any Noteholders' Interest Carryover for all prior Remittance Dates after giving effect to such distribution (in each case, stated separately by Class Principal Balance of and in the related Certificatesaggregate); (xxviii) the amount number and Principal Balance of all Defaulted Loans purchased during the Certificate Insurer Reimbursement AmountDue Period, if any;stated separately for each Pool; and (xxix) such other information as the Deficiency AmountIndenture Trustee may reasonably require. The Indenture Trustee shall forward such report to the Noteholders of the applicable Pool and the Owner Trustee on the Remittance Date, together, if anyrequested by a Noteholder, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) with a separate report indicating the amount of any Class X-1 Distributable Amountfunds deposited in each Note Distribution Account pursuant to Section 7.01(a)(iv); and the 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). To the extent that there are inconsistencies between the telecopy of the Trust Administrator's Certificate and the hard copy thereof, Class X-3A Distributable Amount and Class X-B Distributable Amount. The the Indenture 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 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 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 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 Trustee 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 Off Date. In addition Each month, not later than the third Business Day prior to the information listed above, Determination Date occurring in such Distribution Date Statement shall also include such other information as is required by Form 10-D, including, but not limited tomonth, 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 Item 1121 (§ 229.1121) them pursuant to any of Regulation ABthe 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 Trustee shall, upon written request, Trust Administrator shall furnish to the Certificate Insurer Indenture Trustee for distribution to each Person who at any time during the calendar year was a Noteholder of the applicable Pool the amount of interest and principal distributed with respect to each Class of Notes plus such other customary information as the Trust Administrator determines to be necessary and/or required by the Internal Revenue Service to enable the Noteholders to prepare their tax returns for such calendar year. 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 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) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to the Indenture Trustee, with a copy to the Owner Trustee for distribution 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) and (ii) above, 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 Trustee Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished provided by the Trustee to Certificateholders Trust Administrator pursuant to any requirements of the Code as are in force from time to timetime in force. (cd) On each Distribution DateUpon reasonable advance notice in writing, the Trustee Servicer will provide to each Noteholder which is a savings and loan association, bank or insurance company certain reports and access to information 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 supply an electronic tape furnish to Bloomberg Financial Marketseach Noteholder during the term of this Agreement, Inc. 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 Noteholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided by and in a format acceptable accordance with such applicable instructions and directions as the Noteholder may reasonably require; provided, that the Servicer shall be entitled to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape 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 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 Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the 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 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) 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 (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [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 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 Principal Balance or Class Notional Balance, 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 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 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 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 partiesDepositor, each Owner, the Servicers, the Certificate Insurer and the Rating Agencies a statement setting forth the following information: (i) the aggregate amount on deposit in the Certificate Account on such Distribution Date; (ii) the Accrued Certificate Interest, Interest Shortfall Carryforward Amount, if any, the Basis Risk Carry Forward Amount, if any, and the Trustee shall provide timely Principal Distribution Amount, with respect to each Class individually, all Classes of the Offered Certificates in the aggregate, all Classes of Class A Certificates in the aggregate and adequate notification all Classes of Class B Certificates in the aggregate; (iii) the Pass-Through Rate for each Class of Certificates applicable to all parties regarding any the related Accrual Period and LIBOR applicable to the Certificates with respect to such change. In Distribution Date; (iv) the case application of information furnished pursuant to subclauses (i) and the amounts described in clause (ii) aboveabove to the allocation and distribution of payment to the holders of Class A, Class M-1 and Class B Certificates and the amount of Prepayment Penalties attributable to the Household Mortgage Loans distributable to the Class P Certificates, on the next Distribution Date in accordance with this Agreement; (v) the Certificate Balance of each Class of Class A Certificates and Class B Certificates and the Class M-1 Certificates, the amounts shall be expressed in a separate section aggregate amount of the report as a dollar 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 of Insured Payments, if any; (vii) the amount, if any, of any Realized Losses for the related Collection Period in the aggregate, for each Class for each $1,000 original dollar of Offered Certificates and the amount of Cumulative Realized Losses as of the Cut-off Date. In addition last day of the related Collection Period; (viii) whether a Fairbanks Termination Trigger Event, Wilshire Termination Trigger Event or a GreenPoint Termination Trigger Event has occurred; (ix) the amount of the distribution with respect to each Class of Offered Certificates (based on a Certificate in the information listed aboveoriginal principal amount of $1,000); (x) 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; (xi) the amount of such distribution allocable to interest on the Mortgage Loans (based on a Certificate in the original principal amount of $1,000); (xii) 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 Statement shall also include Date; (xiii) the aggregate Pool Balance of all Mortgage Loans, as of the last day of the related Collection Period; (xiv) 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; (xv) the weighted average interest rate of the Mortgage Loans; (xvi) the weighted average remaining term of the Mortgage Loans; (xvii) the number and Stated Principal Balance 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; (xviii) such other information as is required by Form 10the Depositor may reasonably request with respect to Mortgage Loans that are Delinquent; (xix) the Stated Principal Balance of the largest Mortgage Loans outstanding; (xx) the number, aggregate Stated 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, including(E) 150-179 days Delinquent and (F) 180 or more days Delinquent, but not limited toas 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 Stated Principal Balance of such Mortgage Loans; (xxi) the status, the information required by Item 1121 (§ 229.1121) number, and the Stated Principal Balances of Regulation AB.all Mortgage Loans that are in foreclosure proceedings as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (bxxii) Within the number of Mortgagors and the Stated Principal Balances of the related Mortgages for all Mortgage Loans involved in bankruptcy 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 more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiii) the number of Mortgagors and the Stated Principal 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 more days Delinquent, as of the close of business on the last Business Day of the calendar month next preceding such Distribution Date; (xxiv) the existence and status of any Mortgaged Properties for all Mortgage Loans as to which 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; (xxv) the book value of any real estate acquired through foreclosure or grant of a reasonable period deed in lieu of time after foreclosure for all Mortgage Loans as of the end close of each business on the last Business Day of the calendar year, month next preceding the Trustee shall, upon written request, furnish Distribution Date; (xxvi) the number of Mortgage Loans; (xxvii) identifying the aggregate amount received from: a. Curtailments; b. voluntary payoffs; c. Involuntary Payoffs (the amount of Net Liquidation Proceeds applicable to the Certificate Insurer 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 Collection Period; (xxviii) the number and each Person who at any time during Stated 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 year was a Certificateholder month next preceding the Distribution Date; (xxix) the number and Stated Principal Balance 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation Mortgage Loans that are being contested because of Section 32 of the Trustee shall be deemed to have been satisfied to Truth in Lending Act; (xxx) the extent that substantially comparable information shall be prepared amount of current and furnished by the Trustee to Certificateholders pursuant to any requirements 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 Code as are in force from time to time.close of business on the last Business Day of the related Collection Period; (cxxxi) On the number and Pool Balance with respect to each Distribution Date, product type of all Mortgage Loans in Chapter 13 of the Trustee shall supply an electronic tape United States Bankruptcy Code ("CHAPTER 13 LOANS") separately identifying: a. those Chapter 13 Loans that are currently meeting their payment plan; b. those Chapter 13 Loans that are 1 to Bloomberg Financial Markets, Inc. in a format acceptable 2 payments behind their payment plan; c. those Chapter 13 Loans that are 2 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.3 payments behind their payment plan;

Appears in 1 contract

Sources: Trust and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Cert Ser 2003-1)

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained from contained in the Remittance Report, the Trustee shall prepare and the Servicer (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 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date;Collection Period; 104 (vii) the Loan Group Pool Balance and related Net WAC and applicable 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 (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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, in each casethe loan number of such Mortgage Loan, using the MBA methodunpaid principal balance and the Principal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiixi) the book value (if available) 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 for each Loan Group 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 Notional BalanceAmount, 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 Monthly Accrued Certificate Interest Distributable Amount and the 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 and Adjusted Cap 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 Servicing Agreement, or the Section of this Agreement, as applicable, Agreement requiring or allowing the purchase of each such Mortgage Loan; (xxiixxix) 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class aggregate Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid Mortgage Loans repurchased by the Certificate InsurerServicer (or an affiliate) during the related Collection Period in connection with Section 3.16; (xxx) the number of mortgage loans amount distributed to the Class CE-1, Class CE-2, Class P, Class R and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; andClass R-X Certificates; (xxxi) the related Distribution Date; and (xxxii) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amountcash received with respect to the related accrual period. The 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 Parties that are unable to Certificateholders and the other parties to this Agreement via the Trustee’s Internet website. The Trustee’s Internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇use ▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the 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 Trustee at (800) 934-6802 and indicating such. The 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 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 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 Trustee shall, upon written request, shall 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), (iii), (xvii) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained from contained in the Remittance Report, the Trustee shall prepare and the Servicer (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 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution DateCollection Period; (vii) the Pool Balance and the Loan Group Balance and related Net WAC and applicable 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 (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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, in each casethe loan number of such Mortgage Loan, using the MBA methodunpaid 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 (if available) 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 for each Loan Group 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 Notional BalanceAmount, 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 Monthly Accrued Certificate Interest Distributable Amount and the 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 and Adjusted Cap 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any;; and (xxix) the Deficiency Amount, if any, to be paid aggregate Principal Balance of the Mortgage Loans repurchased by the Certificate Insurer; Servicer (xxxor an affiliate) during the number of mortgage loans and the aggregate principal balance of the mortgage loans related Collection Period in connection with Section 3.16. Parties that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 are unable to Certificateholders and the other parties to this Agreement via the Trustee’s Internet website. The Trustee’s Internet website shall initially be located at “use ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the 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 Trustee at (▇▇▇) ▇▇▇-▇▇▇▇ and indicating such. The 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 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 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 Trustee shall, upon written request, shall 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), (ii), (xv) and (iixx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each the Rating Agency, a statement based, as applicable, on loan-level information obtained from and the 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 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date[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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, and 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 3Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]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, 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 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 Principal Balance or Class Notional Balance, 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 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 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 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 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. 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 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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. Lessee shall furnish the following statements to Lessor: (a) On within 120 days after the end of each Distribution Dateof Lessee’s and each Guarantor’s (if any) fiscal years, a copy of the Trustee shall make available to audited consolidated balance sheets of Lessee, its consolidated Subsidiaries and each Certificateholder, Guarantor (if any) as of the Certificate Insurer, the Sellerend of such fiscal year, and related audited consolidated statements of income, changes in common stock and other stockholders’ equity and changes in the financial position of Lessee, its consolidated Subsidiaries and each Rating AgencyGuarantor (if any) for such fiscal year, prepared in accordance with GAAP applied on a statement basedbasis consistently maintained throughout the period involved, as applicable, on loan-level information obtained from and the Servicer (the “Distribution Date Statement”) as to the distributions such consolidated financial statements 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 principalcertified by nationally recognized certified public accountants; (iib) 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 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) 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 within 120 days after the end of the related Due Period; (viii) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [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 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 Principal Balance or Class Notional Balance, 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 Trustee’s Internet website. The Trustee’s Internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇’s and each Guarantor’s (if any) fiscal years, and together with the annual audit report furnished in accordance with clause (a) above, an Officer’s Certificate stating that to the best of the signer’s knowledge and belief after making due inquiry, ▇▇▇▇▇▇ is not in default in the performance or observance of any of the terms of this Lease, or if Lessee shall be in default, specifying all such defaults, the nature thereof, and the steps being taken to remedy the same; (c) within thirty (30) days after the end of each calendar month, all monthly financial reports Lessee produces for reporting purposes and detailed statements of income and detailed operational statistics regarding occupancy rates, patient and resident mix and patient and resident rates by type for each Facility for each such calendar month; (d) within 120 days after the end of each of ▇▇▇▇▇▇’s fiscal years, a copy of each cost report filed with the appropriate governmental agency for each Facility; (e) within forty-five (45) days after the end of each fiscal quarter (other than the last fiscal quarter during any fiscal year of the applicable Person), Lessee shall furnish to Lessor (i) a copy of the unaudited consolidated balance sheets of Lessee, each Guarantor (if any) and their respective consolidated Subsidiaries as of the end of such fiscal quarter, and related unaudited consolidated statements, changes in common stock and other stockholders’ equity and changes in the financial position of Lessee, each Guarantor (if any) and their respective consolidated Subsidiaries for such fiscal quarter, and (ii) a statement of income of Lessee, each Guarantor (if any) and their respective consolidated Subsidiaries that sets forth the results for both such fiscal quarter and year-to-date, in all cases prepared in accordance with GAAP applied on a basis consistently maintained throughout the applicable period; (f) not later than fifteen (15) days before the end of each calendar year during the Term, a capital expenditure and operations budget for the next calendar year for each Facility, setting forth an estimate, on a monthly basis, of Gross Revenues, together with an explanation of anticipated changes to resident charges, payroll rates and positions, non-wage cost increases, and all other factors differing from the current calendar year; (g) within thirty (30) days after they are required to be filed with the SEC, copies of any annual reports and of information, documents and other reports, or copies of such portions of any of the foregoing as the SEC may prescribe, which Lessee is required to file with the SEC pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934; (h) immediately upon ▇▇▇▇▇▇’s receipt thereof, copies of all written communications received by ▇▇▇▇.▇▇ from any regulatory agency relating to (i) surveys of any Facility for purposes of licensure, Medicare and Medicaid certification and accreditation and (ii) any proceeding, formal or informal, with respect to cited deficiencies with respect to services and activities provided and performed at any Facility, including patient and resident care, patient and resident activities, patient and resident therapy, dietary, medical records, drugs and medicines, supplies, housekeeping and maintenance, or the condition of such Facility, and involving an actual or threatened warning, imposition of a fine or a penalty, or suspension, termination or revocation of such Facility’s license to be operated in accordance with its Primary Intended Use; (i) [Intentionally Omitted]; (j) immediately upon ▇▇▇▇▇▇.▇▇▇.” Assistance ’s receipt thereof, copies of all claims, reports, complaints, notices, warnings or asserted violations relating in using any way to the website can be obtained by calling the Trustee customer service desk at (▇▇▇) ▇▇▇-Leased Property or any Capital Additions or ▇▇▇▇. Parties that are unable to ▇▇’s 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 Trustee shall have the right to change the way thereof; and (k) with reasonable promptness, such reports are distributed in order to make such distribution more convenient and/or more accessible to the parties, and the Trustee shall provide timely and adequate notification to all parties regarding any such change. In the case of other information furnished pursuant to subclauses respecting (i) the financial and operational condition and affairs of Lessee, any Guarantor and each Facility, (ii) above, the amounts shall be expressed in a separate section physical condition of the report Leased Property and any Capital Addition thereto and (iii) any suspected Transfer, in each case 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 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 Trustee shall, upon written Lessor or any Facility Mortgagee may reasonably request, furnish to in the Certificate Insurer and each Person who at any time during the calendar year was a Certificateholder form of a Regular Certificatequestionnaire or otherwise, 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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: Master Lease and Security Agreement (Emeritus Corp\wa\)

Statements. (a) On each Distribution Each month, not later than 12:00 noon New York time on the Determination Date, the Trustee Servicer shall make available deliver to each Certificateholderthe Certificate Insurer and to the Trustee, by telecopy, for distribution to the Certificateholders, the Certificate Insurerreceipt 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 R (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 SellerSeries number of the Certificates, the date of this Agreement, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Servicer (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 Pool I, Pool II and Pool III Certificates allocable 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 Pool I, Pool II and Pool III Certificates; (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, Pool II and Pool III Certificates; (iv) the aggregate total amount of servicing compensation received by any Insured Payments included in the Servicer during Pool Available Remittance Amount for Pool I or Pool II 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 returnsRemittance Date; (v) the aggregate amount of Advances Subordinated Amount and Specified Subordinated Amount for the related Due Period Remittance Date, listed separately for each Pool and the amount of unreimbursed AdvancesPool Available Maximum Subordinated Amount for Pool III; (vi) the number and Principal Balances of all Mortgage Loans in each Pool Collateral Balance and which were the Loan Group Collateral Balance for such Distribution Datesubject of Principal Prepayments during the Due Period; (vii) the Loan Group Balance and related Net WAC and applicable 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) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance amount of all Excess Payments and the One-Month MTA Indexed Mortgage Loans at amounts of Monthly Payments in respect of principal received during the Close of Business at the end of the related Due Period, and stated separately for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loanseach Pool; (ix) [Reserved]the amount of interest received on the Mortgage Loans, stated separately for each Pool; (x) [Reserved]the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Certificate Accounts pursuant to Section 6.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date, in each case stated separately for each Pool; (xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit O, 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, in each case, using the MBA method; (xiii) the book value (if available) 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 Period, stated separately for each Loan Group Pool; (xiii) the Pool Remittance Amounts for Pool I and Pool II and the cumulative amount of Realized Losses Class Current Interest Requirement and the amount of Realized LossesPool Principal Distribution Amount for Pool III for the Remittance Date, if any, allocated in the aggregate and by component and listed separately for the portions relating to each Class of Certificates in the related Pool, and any Interest Shortfall Carryforward Amount or PrincipalPool Carry-Only ComponentsForward Amount, as the case may be, relating to each Class of Certificates; (xiv) the Reimbursable Amounts, the Pool I and Pool II Strip Amounts and the Class X Remittance Amount payable pursuant to Section 6.08(d)(X)(v) and Section 6.08(d)(Z)(xviii) with respect to the Remittance Date; (xv) the Class Principal Balance for each Class of Certificates 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 Realized Losses made on such Remittance Date; (xvi) the Class Principal Balance or Class Notional BalanceMonthly Excess Spread Percentage, as applicablethe Excess Spread, of each Class of Certificates and the Apportioned Principal Balances of Remainder Excess Spread Amount (in each case, in the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Dateaggregate and stated separately for each Pool); (xvii) the Monthly Interest Distributable Amount and Cumulative Realized Losses, stated separately for each Pool, with respect to 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 Remittance Date; (xviii) the aggregate amount of any Net weighted average maturity and weighted average Interest Shortfalls and the Unpaid Interest Shortfall Amount Rate, stated separately for such Distribution Dateeach Pool; (xix) the Available Funds with respect Servicing Fees, the Contingency Fees, and amounts to be deposited to the Expense Accounts, the Insurance Accounts and the FHA Premium Account, in each Loan Groupcase, as applicable, stated separately for each Pool; (xx) the Pass-Through Rate amount of all payments and Adjusted Cap Rate for reimbursements to the Servicer pursuant to Section 5.04(b), (c), (d)(ii), (e) and (f)(i), 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 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 Mortgage Interest Rate and Adjusted Mortgage Interest Rate of any Principal Deficiency Amounts or Accrued the Mortgage 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 Mortgage 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 AV Remittance Rate with respect to each Loan Groupthe Remittance Date and if the Class AV Remittance Rate was based on the applicable Net Funds Cap, what it would have been if based on LIBOR plus the applicable Margin; (xxiv) cumulative Recoveries allocable the rate of LIBOR with respect to each Loan Groupthe Remittance Date; (xxv) the amount of any Basis Risk Shortfall, if any, and Net Funds Cap for the related accrued interest thereonClass AV Certificates with respect to the Remittance Date; (xxvi) if the Remittance Rate for each Loan Groupthe Class AV Certificates for such Remittance Date is based on the Net Funds Cap, the amount of Deferred any Certificateholders' Interest and Net Deferred Interest, if any, Carryover for such Loan GroupClass for such Remittance Date; (xxvii) the amount of Net Deferred Interestthe distribution, if any, added allocable to Certificateholders' Interest Carryover and the amount of any Certificateholders' Interest Carryover for all prior Remittance Dates after giving effect to such distribution (in each case, stated separately by Class Principal Balance of and in the related Certificatesaggregate); (xxviii) whether the amount of the Certificate Insurer Reimbursement Amount, if anyTrigger Event for Pool III is in effect; (xxix) the Deficiency Amount, if any, to be paid by Senior Percentage and the Certificate InsurerClass B Pool Percentage for the current Remittance Date; (xxx) the number amount of mortgage loans any Pool Applied Realized Loss Amount, Realized Loss Amount and the aggregate principal balance Unpaid Realized Loss Amount for each Class of Pool III Certificates as of the mortgage loans that have negatively amortized in each Loan Group; andclose of such Remittance Date; (xxxi) the Accelerated Principal Distribution Amount for Pool III for such Remittance Date; (xxxii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Servicer and/or the Certificate Insurer from the FHA Premium Account pursuant to Section 6.06(b)(i); (xxxiii) The amount of any Class X-1 Distributable AmountFHA Payments and Related Payments received during the related Due Period, Class X-3A Distributable stated separately for each Pool; (xxxiv) The Reserve Amount for the related Remittance Date; (xxxv) Claims filed during the Due Period; (xxxvi) Claims paid during the Due Period; (xxxvii) Claims denied by the FHA during the Due Period; (xxxviii) Claims pending payment by the FHA during the Due Period; and (xxxix) The number and Class X-B Distributable AmountPrincipal Balance of all Defaulted Mortgage Loans purchased during the Due Period, stated separately for each Pool; (xl) Such other information as the Certificate Insurer and the Certificateholders may reasonably require. The Trustee shall make forward such report to the Distribution Date Statement (Certificateholders and, at its optionwith respect to the report on the Pool I and Pool II Mortgage Loans, any additional files containing to the same information Certificate Insurer on the Remittance Date, together with a separate report indicating the amount of funds deposited in an alternative format) available each month Certificate Account pursuant to Certificateholders Section 6.01(a)(iv); and the other parties amounts which are reimbursable to this Agreement via the Trustee’s Internet website. The Trustee’s Internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using Servicer or the website can be obtained Representative, as appropriate, pursuant to Sections 6.03(c)(i), 6.03(c)(ii), 6.04(b)(iv), 6.08(d)(X)(iii), and 6.08(d)(Z) (all reports prepared by calling the Trustee customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use of such withdrawals and deposits will be based in whole or in part upon 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 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 information provided to the partiesTrustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, and the Trustee shall provide timely and adequate notification be entitled to all parties regarding any such changerely upon the telecopy. In the discretion of the Servicer, 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 original dollar amount as of the Cut-off Off Date. In addition Additionally, on the Special Remittance Date the Trustee shall, based upon information received from the Servicer, forward to the Certificateholders and the Rating Agencies, a report setting forth the amount of principal and interest, if any, being paid to each Class of Certificates on the Special Remittance Date, and to the Certificate Insurer, a report setting forth such 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, only with respect to the information required by Item 1121 (§ 229.1121) of Regulation ABPool I and Pool II Certificates. (ba) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, Servicer shall furnish to the Certificate Insurer and Trustee for distribution to each Person who at any time during the calendar year was a Certificateholder the amount of interest and principal distributed with respect to each Class of Certificates plus such other customary information as the Servicer determines to be necessary and/or required by the Internal Revenue Service to enable the Certificateholders to prepare their tax returns for such calendar year. 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 are in force. (b) On each Remittance Date and the Special Remittance Date, the Trustee shall forward to the Class X and Class R Certificateholders a Regular Certificatecopy of the report forwarded to the Certificateholders of each Pool in respect of such Remittance Date or the Special Remittance Date, if requested in writing by as the case may be, and a statement setting forth the amounts actually distributed to the Class X and Class R Certificateholders, on such PersonRemittance Date together with such other information as the Servicer provides and deems necessary or appropriate. (c) Within a reasonable period of time after the end of each calendar year, the Servicer shall furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class X or Class R Certificateholder such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, 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 Trustee Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished provided by the Trustee to Certificateholders Servicer pursuant to any requirements of the Code as are in force from time to timetime in force. (cd) On each Distribution DateUpon reasonable advance notice in writing, the Trustee 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. (e) The Servicer shall supply an electronic tape furnish to Bloomberg Financial Marketseach Certificateholder and the Certificate Insurer, Inc. 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 the Certificate Insurer, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided by and in a format acceptable accordance with such applicable instructions and directions as the Certificateholder or the Certificate Insurer may reasonably require; provided, that the Servicer shall be entitled to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions be reimbursed by such Certificateholder or the Certificate Insurer 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: Pooling and Servicing Agreement (Money Store Home Equity Corp)

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, Seller and the Seller, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the 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 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination 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 Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (other than ix) for each Loan Group 3)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 MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [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 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 Notional Balance, 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 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 (xxviixxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance or Component Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans Certificates and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class XPrincipal-B Distributable AmountOnly Components. The Trustee shall 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 Trustee’s Internet internet website. The Trustee’s Internet internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The 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 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 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 (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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, based, as applicable, on information provided to it by the Servicer, the Trustee shall make available to each CertificateholderHolder of the Regular Certificates, the Certificate Insurer, Servicer and the Seller, and each Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from and the 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 such Distribution Date; (iv) the aggregate amount of servicing compensation received by 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date[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 applicable Net WAC Cap for each Loan Group at the Close of Business at on the end last Business Day of the related Due Period; (viiiix) for Net WAC with respect to each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]Group; (x) [Reserved]; (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 month, in each case, using the MBA methodsuch Distribution Date; (xiiixii) separately 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) 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 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 Notional Balance, 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 Monthly Interest Distributable Amount and 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 and Adjusted Cap 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 Trustee’s Internet website's internet website and will forward the Distribution Date Statement to each Rating Agency. The Trustee’s Internet '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 Trustee 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 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 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 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 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) and through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the 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 year, the Servicer, on behalf of the Trust, shall provide the Trustee with written notice listing all Distribution DateDate Statements with respect to Distribution Dates occurring in the prior calendar year that were included in a Form 8-K filing pursuant to Section 3.22(b), 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 supply an electronic tape to Bloomberg Financial Marketssign a certification (in the form attached hereto as Exhibit P), Inc. in a format acceptable to Bloomberg Financial Marketsfor the benefit of the Person(s) signing the Form 10-K Certification, 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 basisregarding certain aspects Form 10-K Certification.

Appears in 1 contract

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

Statements. Lessee shall furnish the following statements to Lessor: (a) On within 120 days after the end of each Distribution Dateof Lessee's and Guarantor's fiscal years, a copy of the unaudited (or if available, audited) balance sheets of Lessee, its operating Affiliate(s) and Guarantor and its consolidated Subsidiaries, as of the end of such fiscal year, and related unaudited (or if available, audited) statements of income, changes in common stock and other stockholders' equity and changes in the financial position of Lessee, its operating Affiliate(s) and Guarantor and its consolidated Subsidiaries for such fiscal year, prepared in accordance with GAAP applied on a basis consistently maintained throughout the period involved, such consolidated financial statements to be certified by nationally recognized certified public accountants; and within 180 days after the end of Guarantor's fiscal years, a copy of the audited consolidated balance sheets of Guarantor and its Subsidiaries, as of the end of such fiscal year, and related audited statements of income, changes in common stock and other stockholders' equity and changes in the financial position (b) within 120 days after the end of each of Lessee's and Guarantor's fiscal years, and together with the annual report (or if available, annual audit report) furnished in accordance with clause (a) above, an Officer's Certificate stating that to the best of the signer's knowledge and belief after making due inquiry, Lessee is not in default in the performance or observance of any of the terms of this Lease, or if Lessee shall be in default, specifying all such defaults, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Sellernature thereof, and the steps being taken to remedy the same; (c) within forty-five (45) days after the end of each Rating Agencyof the first twelve (12) months of the Term and the last eighteen (18) months of the Term, all consolidated financial reports Lessee produces for reporting purposes and detailed statements of income and detailed operational statistics regarding occupancy rates, patient and resident mix and patient and resident rates by type for each Facility; and otherwise within forty-five (45) days after the end of each of Lessee's quarters, all quarterly consolidated financial reports Lessee produces for reporting purposes and detailed statements of income and detailed operational statistics regarding occupancy rates, patient and resident mix and patient and resident rates by type for each Facility; (d) within thirty (30) days after filing, a statement basedcopy of each cost report filed with the appropriate governmental agency for each Facility; (e) within thirty (30) days after they are required to be filed with the SEC, copies of any annual reports and of information, documents and other reports, or copies of such portions of any of the foregoing as applicablethe SEC may prescribe, which Lessee is required to file with the SEC pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934; (f) within five (5) days after Lessee's receipt thereof, copies of all written communications received by Lessee from any regulatory agency relating to (i) surveys of each Facility for purposes of licensure, Medicare and Medicaid certification and accreditation and (ii) any proceeding, formal or informal, with respect to cited deficiencies with respect to services and activities provided and performed at each Facility, including patient and resident care, patient and resident activities, patient and resident therapy, dietary, medical records, drugs and medicines, supplies, housekeeping and maintenance, or the condition of each Facility, and involving an actual or threatened warning, imposition of a fine or a penalty in excess of Ten Thousand Dollars ($10,000), or likely to actually result in a suspension, termination or revocation of any Facility's license to be operated in accordance with its Primary Intended Use; (g) within 120 days after the end of each fiscal year of the financial institution issuing the letter of credit required under Article XXI, a copy of the audited consolidated balance sheets of such financial institution as of the end of such fiscal year, and related unaudited consolidated statements of income, changes in common stock and other stockholders equity and changes in the financial position of such financial institution and its consolidated subsidiaries for each such fiscal year, prepared in accordance with generally accepted accounting principles applied on loan-level information obtained from and a basis consistently maintained throughout the Servicer period involved, such consolidated financial statements to be certified by nationally recognized certified public accountants; (the “Distribution Date Statement”h) as immediately upon Lessee's receipt thereof, copies of all claims, reports, complaints, notices, warnings or asserted violations relating in any way to the distributions Leased Property or any Capital Additions or Lessee's use thereof not previously disclosed pursuant to be made or made, as applicable, on such Distribution Date:subsection 25.1.2(f) above; and (i) with reasonable promptness, such other information respecting (i) the amount financial and operational condition and affairs of the distribution made on such Distribution Date to the Holders of Lessee, any Guarantor and each Class of Certificates allocable to principal; Facility, (ii) the amount physical condition of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; Leased Property and any Capital Additions and (iii) any suspected Transfer, including 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 the Servicer during the related Due Period and such other customary information as the Trustee deems necessary then equity or desirable, voting ownership in Lessee 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) 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 (other than Loan Group 3in any Controlling Person(s), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [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 monthLessor may reasonably request, 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 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 Principal Balance or Class Notional Balance, 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 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 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 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 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. 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 Trustee shall, upon written request, furnish to the Certificate Insurer and each Person who at any time during the calendar year was a Certificateholder form of a Regular Certificatequestionnaire or otherwise, 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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: Master Lease (Ensign Group, Inc)

Statements. (a) On each Distribution Date, based, as applicable, on information provided to it by the Servicer, the Trustee shall make available to each CertificateholderHolder of the Regular Certificates, the Certificate Insurer, Servicer and the Seller, and each Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from and the 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 such Distribution Date; (iv) the aggregate amount of servicing compensation received by 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date[reserved]; (vii) the Loan Group Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and related Net WAC and applicable 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 (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage LoansNet WAC; (ix) [Reserved]; (x) [Reserved]; (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 month, in each case, using the MBA methodsuch Distribution Date; (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) 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 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; (xvixv) the Class Certificate Principal Balance or Class Notional Balance, 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 Monthly Interest Distributable Amount and 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 and Adjusted Cap 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 Trustee’s Internet website's internet website and will forward the Distribution Date Statement to each Rating Agency. The Trustee’s Internet '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 Trustee 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 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 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 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 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) and through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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, based, as applicable, on information provided to it by the Servicer, the Trustee shall make available to each Certificateholder, Holder of the Certificate InsurerRegular Certificates, the Seller, the Servicer and each the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from and the Servicer (the "Distribution Date Statement") as to the distributions to be made or made, as applicable, on such Distribution Date: (i) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Certificates allocable to interest; (iii) the Pro Rata Senior Percentage, Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination Date; (vii) the Loan Group Pool 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 (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [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; (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 month, in each case, using the MBA methodsuch Distribution Date; (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 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; (xvixiv) the Class Certificate Principal Balance or Class Notional Balance, 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 Monthly Interest Distributable Amount and 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 and Adjusted Cap 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 Trustee’s Internet website's internet website and will forward the Distribution Date Statement to each Rating Agency. The Trustee’s Internet 's internet website shall initially be located at “▇"▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” ". Assistance in using the website can be obtained by calling the Trustee 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 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 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. In addition to the information listed aboveaddition, such Distribution Date Statement shall also include such other certain additional information as is required agreed upon by Form 10-D, including, but not limited to, the information required Servicer will be provided by Item 1121 (§ 229.1121) the Trustee to a Certificateholder upon the request of Regulation ABsuch Certificateholder. (b) Within a reasonable period of time after the end of each calendar year, the 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) and through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate InsurerSeller, the Seller, Master Servicer and each the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer 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 the 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date[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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA LIBOR Indexed Mortgage Loans and the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [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, 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 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 Balance, 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; (xxvii) payments made under the Yield Maintenance Agreement, if any; and (xxviii) the amount of Net Deferred Interest, if any, added to the Class Certificate Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 Trustee 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 (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 Trustee shall make available to each Certificateholder, the Certificate Insurer, Seller and the Seller, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the 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 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination 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 Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (other than ix) for each Loan Group 3)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 MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [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 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 Principal Balance or Class Notional Balance, 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 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 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 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 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. 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 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 2004-2)

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the 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 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) 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Year LIBOR, Six-Month MTA LIBOR and One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [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 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 Principal Balance or Class Notional Balance, 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 Trustee’s Internet website. The Trustee’s Internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇▇▇▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the 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 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 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. 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 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 2006-3)

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate InsurerSeller, the Seller, Master Servicer and each the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer 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 the 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and ; (ix) for each Loan Group 3Group, the aggregate Principal Balance of the COFI One-Month LIBOR Indexed, Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans; (ix) [Reserved]Loans at the Close of Business at the end of the related Due Period; (x) [Reservedreserved]; (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 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 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 Notional Balance, 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);; 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; (xxvii) the amount of Net Deferred Interest, if any, added with respect to the Class Principal Balance of the related 1-A Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 Trustee 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 (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 Two Business Days prior to each Distribution Date, the Trustee 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 Certificate InsurerSeller, the SellerMaster Servicer, the Trustee and each the Rating Agency, a statement based, as applicable, on loan-level information obtained from and provided to it by the Servicer Master 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 the 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and ; (ix) for each Loan Group 3Group, the aggregate Principal Balance of the COFI Six-Month LIBOR Indexed, One-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans; (ix) [Reserved]Loans at the Close of Business at the end of the related Due Period; (x) [Reservedreserved]; (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 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 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 Notional Balance, 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;; 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 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 (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee 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 Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, Seller and each Rating Agency, a statement based, as applicable, based on loan-level information obtained from and the 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 Subgroup for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (vii) the Loan Subgroup Balance, the Non-PO Loan Group Balance and related Net WAC and applicable 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 (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans[Reserved]; (ix) [Reserved]; (x) [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 Group 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 Principal Balance or Class Notional Balance, 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 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable AmountDistribution Date. The 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 Trustee’s Internet website. The Trustee’s Internet website shall initially be located at “h▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇./▇▇▇▇.” Assistance in using the website can be obtained by calling the 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 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 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. 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 such any 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 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) and (ii) 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 Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 (RBSGC 2007-A)

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, Seller and the Seller, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the 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 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination 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) [Reserved]; (ix) for each Loan Group (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Year LIBOR Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and ; (x) for each Loan Group 3Group, the aggregate Principal Balance of the COFI One-Year CMT Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]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, 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 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 Principal Balance or Class Notional Balance, 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 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 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 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 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. 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 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 2004-3)

Statements. (a) On each Distribution Each month for so long as a Class of Auction Rate Certificates is Outstanding, not later than 12:00 noon New York time on the Auction Reporting Date, the Trustee Servicer shall make available deliver to the Certificate Insurer and the Trustee, by telecopy, the receipt 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 a Servicing Officer stating the date (day, month and year), the Series number of the Certificates, the date of this Agreement, and the amount to be distributed on the upcoming Remittance Date to each CertificateholderClass of Auction Rate Certificates as a payment of principal. Each month, not later than 12:00 noon New York time on the Determination Date, the Servicer shall deliver to the Certificate InsurerInsurer and to the Trustee, by telecopy, 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 R (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 Series number of the Certificates, the date of this Agreement, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Servicer (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 Class A Certificates allocable 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 Certificates; (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 Class A Certificates; (iv) the aggregate total amount of servicing compensation received by any Insured Payments included in the Servicer during Pool Available Remittance Amount for each Pool 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 returnsRemittance Date; (v) the aggregate amount of Advances Subordinated Amount and Specified Subordinated Amount for the related Due Period and the amount of unreimbursed AdvancesRemittance Date, listed separately for each Pool; (vi) the number and Principal Balances of all Loans in each Pool Collateral Balance and which were the Loan Group Collateral Balance for such Distribution Datesubject of Principal Prepayments during the Due Period; (vii) the Loan Group Balance and related Net WAC and applicable 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) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance amount of all Excess Payments and the One-Month MTA Indexed Mortgage Loans at amounts of Monthly Payments in respect of principal received during the Close of Business at the end of the related Due Period, and stated separately for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loanseach Pool; (ix) [Reserved]the amount of interest received on the Mortgage Loans, stated separately for each Pool; (x) [Reserved]the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Certificate Accounts pursuant to Section 6.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date, in each case stated separately for each Pool; (xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit O, 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, in each case, using the MBA method; (xiii) the book value (if available) 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 Period, stated separately for each Loan Group Pool; (xiii) the Pool Remittance Amounts for each Pool for the Remittance Date, in the aggregate and by component and listed separately for the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated portions relating to each Class of Class A Certificates or Principal-Only Componentsin the related Pool and, with respect to the Auction Rate Certificates, the amount otherwise required to be distributed thereon with respect to principal and retained in the Certificate Account for Pool II pursuant to Section 6.08(f); (xiv) the Reimbursable Amounts and the Class X Remittance Amount payable pursuant to Section 6.08(d)(iii) and (v) with respect to the Remittance Date; (xv) the Class Principal Balance for each Class of Class A Certificates 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 Realized Losses made on such Remittance Date; (xvi) the Class Principal Balance or Class Notional BalanceMonthly Excess Spread Percentage, as applicablethe Excess Spread, of each Class of Certificates and the Apportioned Principal Balances of Remainder Excess Spread Amount allocable to Reimbursable Amounts and Class R Certificateholders pursuant to Section 5.04(f) (in each case, in the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Dateaggregate and stated separately for each Pool); (xvii) the Monthly Interest Distributable Amount and Cumulative Realized Losses, stated separately for each Pool, with respect to 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 Remittance Date; (xviii) the aggregate amount of any Net weighted average maturity and weighted average Interest Shortfalls and the Unpaid Interest Shortfall Amount Rate, stated separately for such Distribution Dateeach Pool; (xix) the Available Funds with respect Servicing Fees, the Contingency Fees, the Auction Agent Fees and amounts to be deposited to the Expense Accounts and the Insurance Accounts, in each Loan Groupcase, as applicable, stated separately for each Pool; (xx) the Pass-Through Rate amount of all payments and Adjusted Cap Rate for reimbursements to the Servicer pursuant to Section 5.04(b), (c), (d)(ii), (e) and (f)(i), 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 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 Mortgage Interest Rate and Adjusted Mortgage Interest Rate of any Principal Deficiency Amounts or Accrued the Mortgage 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 Mortgage 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 A-9 and Class A-10 Remittance Rates with respect to each Loan Groupthe Remittance Date and if either of the Class A-9 or Class A-10 Remittance Rate was based on the 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) the amount Net Funds Cap for Pool II applicable to each Class of any Basis Risk Shortfall, if any, and Pool II Certificates with respect to the related accrued interest thereonRemittance Date; (xxvi) if the Remittance Rate for each Loan Groupa Class of Pool II Certificates for such Remittance Date is based on the Net Funds Cap, the amount of Deferred any Certificateholders' Interest and Net Deferred Interest, if any, Carryover for such Loan GroupClass for such Remittance Date; (xxvii) the amount of Net Deferred Interestthe distribution, if any, added allocable to Certificateholders' Interest Carryover and the amount of any Certificateholders' Interest Carryover for all prior Remittance Dates after giving effect to such distribution (in each case, stated separately by Class Principal Balance of and in the related Certificatesaggregate); (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer;[Reserved] (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and[Reserved] (xxxi) [Reserved] (xxxii) [Reserved] (xxxiii) [Reserved] (xxxiv) [Reserved] (xxxv) Such other information as the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount Certificate Insurer and Class X-B Distributable Amountthe Certificateholders may reasonably require. The Trustee shall make forward such report to 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 Certificate Insurer on the Remittance Date, together with a separate report indicating the amount of funds deposited in each Certificate Account pursuant to this Agreement via Section 6.01(a)(iv); and the Trustee’s Internet website. The Trustee’s Internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using amounts which are reimbursable to the website can be obtained Servicer or the Representative, as appropriate, pursuant to Sections 6.03(c)(i), 6.03(c)(ii), 6.04(b)(iv) and 6.08(d)(iii) (all reports prepared by calling the Trustee customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use of such withdrawals and deposits will be based in whole or in part upon 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 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 information provided to the partiesTrustee by the Servicer). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, and the Trustee shall provide timely and adequate notification be entitled to all parties regarding any such changerely upon the telecopy. In the case of information furnished pursuant to subclauses (iii), (vi), (vii), (viii), (xiii), (xv) and (ii) xxii), above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each per $1,000 (or, in the case of the Auction Rate Certificates, per $25,000) original dollar amount as of the Cut-off Off Date. In addition Additionally, on the Special Remittance Date the Trustee shall, based upon information received from the Servicer, forward 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 toCertificateholders, the information required by Item 1121 (§ 229.1121) Certificate Insurer and the Rating Agencies, a report setting forth the amount of Regulation ABprincipal and interest, if any, being paid to each Class of Class A Certificates on the Special Remittance Date. (ba) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, Servicer shall furnish to the Certificate Insurer and Trustee for distribution to each Person who at any time during the calendar year was a Class 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 (iix), (xiii), (xix) and (ii) xxxv), above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished provided by the Trustee 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 and the Special Remittance Date, the Trustee shall forward to the Class X and Class R Certificateholders a copy of the report forwarded to the Certificateholders of each Pool in respect of such Remittance Date or the Special Remittance Date, as the case may be, and a statement setting forth the amounts actually distributed to the Class X and Class R Certificateholders, 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 Servicer shall furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class X or Class R 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 Class X or R Certificateholder, as applicable. Such obligation of the Servicer shall supply an electronic tape be deemed to Bloomberg Financial Marketshave 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, Inc. the Servicer will provide to each Class A 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 Class A Certificateholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in a format acceptable the Class A Certificates. (e) The Servicer shall furnish to Bloomberg Financial Marketseach Certificateholder and the Certificate Insurer, Inc. on a monthly basisduring 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 the Certificate Insurer, 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 or the Certificate Insurer may reasonably require; provided, that the Servicer shall supply an electronic tape be entitled to Loan Performance and Intex Solutions be reimbursed by such Certificateholder or the Certificate Insurer 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: Pooling and Servicing Agreement (Money Store Home Equity Corp)

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to each Certificateholder, the Certificate InsurerSeller, the SellerMaster Servicer, the Trustee and each the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer and the Servicer 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 the Servicer during Servicing 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date[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 (other than Loan Group 3)Group, the aggregate Principal Balance of the Six-Month LIBOR Indexed, One-Year LIBOR Indexed, Six-Month MTA COFI Indexed and One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reservedreserved]; (x) [Reservedreserved]; (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, 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 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 Principal Balance or Class Notional Balance, 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 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; (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 and Adjusted Cap 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 Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan;; and (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); (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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 Trustee 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 (iixxi) 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 Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 2006-6)

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each the Rating Agency, a statement based, as applicable, on loan-level information obtained from and the 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 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date[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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (ix) for each Loan Group, and 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 3Group, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]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, 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 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 PO Components; (xvi) the Class Certificate Principal Balance or Class Certificate Notional BalanceAmount, 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 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 Agreement, 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; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans Certificates and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable AmountPO Components. The Trustee shall 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 Trustee’s Internet internet website. The Trustee’s Internet internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇▇▇▇▇.▇▇▇/invr.” Assistance in using the website can be obtained by calling the 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 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 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 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) and through (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 2004-11)

Statements. Lessee shall furnish the following statements to Lessor: (a) On within 120 days after the end of each Distribution Dateof Lessee’s and each Guarantor’s (if any) fiscal years, a copy of the Trustee shall make available to audited consolidated balance sheets of Lessee, its consolidated Subsidiaries and each Certificateholder, Guarantor (if any) as of the Certificate Insurer, the Sellerend of such fiscal year, and related audited consolidated statements of income, changes in common stock and other stockholders’ equity and changes in the financial position of Lessee, its consolidated Subsidiaries and each Rating AgencyGuarantor (if any) for such fiscal year, prepared in accordance with GAAP applied on a statement basedbasis consistently maintained throughout the period involved, as applicable, on loan-level information obtained from and the Servicer (the “Distribution Date Statement”) as to the distributions such consolidated financial statements 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 principalcertified by nationally recognized certified public accountants; (iib) 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 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) 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 within 120 days after the end of the related Due Period; (viii) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [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 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 Principal Balance or Class Notional Balance, 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 Trustee’s Internet website. The Trustee’s Internet website shall initially be located at “L▇▇▇▇▇://’s and each Guarantor’s (if any) fiscal years, and together with the annual audit report furnished in accordance with clause (a) above, an Officer’s Certificate stating that to the best of the signer’s knowledge and belief after making due inquiry, L▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance ▇ is not in using default in the website can performance or observance of any of the terms of this Lease, or if Lessee shall be obtained by calling in default, specifying all such defaults, the 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 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 partiesnature thereof, and the Trustee shall provide timely and adequate notification steps being taken to all parties regarding any such change. In remedy 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 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.same; (bc) Within a reasonable period of time within thirty (30) days after the end of each calendar yearmonth, all monthly financial reports Lessee produces for reporting purposes and detailed statements of income and detailed operational statistics regarding occupancy rates, patient and resident mix and patient and resident rates by type for each Facility for each such calendar month; (d) within 120 days after the Trustee shallend of each of L▇▇▇▇▇’s fiscal years, upon written requesta copy of each cost report filed with the appropriate governmental agency for each Facility; (e) within forty-five (45) days after the end of each fiscal quarter (other than the last fiscal quarter during any fiscal year of the applicable Person), Lessee shall 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 Lessor (i) a copy of the unaudited consolidated balance sheets of Lessee, each Guarantor (if any) and their respective consolidated Subsidiaries as of the end of such fiscal quarter, and related unaudited consolidated statements, changes in common stock and other stockholders’ equity and changes in the financial position of Lessee, each Guarantor (if any) and their respective consolidated Subsidiaries for such fiscal quarter, and (ii) abovea statement of income of Lessee, aggregated each Guarantor (if any) and their respective consolidated Subsidiaries that sets forth the results for both such fiscal quarter and year-to-date, in all cases prepared in accordance with GAAP applied on a basis consistently maintained throughout the applicable period; (f) not later than fifteen (15) days before the end of each calendar year during the Term, a capital expenditure and operations budget for the next calendar year for each Facility, setting forth an estimate, on a monthly basis, of Gross Revenues, together with an explanation of anticipated changes to resident charges, payroll rates and positions, non-wage cost increases, and all other factors differing from the current calendar year; (g) within thirty (30) days after they are required to be filed with the SEC, copies of any annual reports and of information, documents and other reports, or applicable portion thereof during which copies of such Person was a Certificateholder. Such obligation portions of any of the Trustee shall foregoing as the SEC may prescribe, which Lessee is required to file with the SEC pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934; (h) immediately upon L▇▇▇▇▇’s receipt thereof, copies of all written communications received by Lessee from any regulatory agency relating to (i) surveys of any Facility for purposes of licensure, Medicare and Medicaid certification and accreditation and (ii) any proceeding, formal or informal, with respect to cited deficiencies with respect to services and activities provided and performed at any Facility, including patient and resident care, patient and resident activities, patient and resident therapy, dietary, medical records, drugs and medicines, supplies, housekeeping and maintenance, or the condition of such Facility, and involving an actual or threatened warning, imposition of a fine or a penalty, or suspension, termination or revocation of such Facility’s license to be deemed to have been satisfied operated in accordance with its Primary Intended Use; (i) [Intentionally Omitted]; (j) immediately upon L▇▇▇▇▇’s receipt thereof, copies of all claims, reports, complaints, notices, warnings or asserted violations relating in any way to the extent that substantially comparable Leased Property or any Capital Additions or L▇▇▇▇▇’s use thereof; and (k) with reasonable promptness, such other information shall be prepared respecting (i) the financial and furnished by operational condition and affairs of Lessee, any Guarantor and each Facility, (ii) the Trustee to Certificateholders pursuant to any requirements physical condition of the Code Leased Property and any Capital Addition thereto and (iii) any suspected Transfer, in each case as are Lessor or any Facility Mortgagee may reasonably request, in force the form of a questionnaire or otherwise, from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape to Bloomberg Financial Markets, Inc. in a format acceptable to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions in a format acceptable to Loan Performance and Intex Solutions on a monthly basis.

Appears in 1 contract

Sources: Project Bond Lease Portfolio (Emeritus Corp\wa\)

Statements. (a) On each Trustee Reporting Date, the Trustee shall make available to the Guarantor, and on each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Guarantor, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the 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 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) 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 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month Year MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [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 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 Principal Balance or Class Notional Balance, 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer 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; (xxxxxxii) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and; (xxxixxxiii) the amount of any payment to the Class X-1 Distributable Amount2-X Certificate of any Class 2-X Amortization Shortfall after any such payment; and (xxxiv) the 2-PO2A, Class X-3A Distributable Amount 2-PO2B and Class X2-B Distributable AmountPO2C Component Principal Balances. The 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 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 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 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 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. 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 Trustee shall, upon written request, furnish to the Certificate Insurer 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) and (ii) 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 Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from provided to it by the Servicer, the Trustee shall prepare and make available to each Holder of the Regular Certificates, the Swap Counterparties, the Servicer and the Servicer (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 Pool Balance of the Group for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by 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 I Mortgage Loans and the amount of unreimbursed Advances; (vi) 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 II Mortgage Loans at the Close of Business at the end of the related Due Period; (viiiiv) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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 month, in each case, using the MBA methodREO Properties; (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; (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 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; (xviviii) the Class Certificate Principal Balance or Class Notional Balance, 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 Monthly 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 for each class of the Class A Certificates, each class of the Mezzanine Certificates and each class of the Interest Distributable Amount in respect of each 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 and Adjusted Cap 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 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 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 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 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 Closing Date. In addition 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 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 ABCertificateholders pursuant to this Section 4.03. (b) Within a reasonable period of time after the end of each calendar year, the 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 Trustee shall make available to each Certificateholder, the Certificate Insurer, the Yield Maintenance Provider, the Seller, any NIMS Insurer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the 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 the 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (vii) the Loan Group Balance for each Loan Group and related the Net WAC and applicable 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]for each Loan Group, 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) [Reserved]; (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, in each case, using the MBA 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 Principal Balance or Class Notional Balance, 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 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; (xxvi) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxvii) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency amount of any Unpaid Interest Shortfall Amount, if any, to be paid by the Certificate Insurer; (xxx) the number amount of mortgage loans the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and the aggregate principal balance 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 mortgage loans Overcollateralized Amount for that have negatively amortized in each Loan GroupDistribution 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 (xxxixxxv) the amount of any Class X-1 Distributable Amount, Class X-3A P Distributable Amount and the amount of any Class X-B ES Distributable Amount. The 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 Trustee’s Internet internet website. The Trustee’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the above distribution option are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The 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 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. 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 such any 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 Trustee shall, upon written request, furnish to the Certificate 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) and (ii) 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 Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate InsurerSeller, the Seller, Master Servicer and each the Rating Agency, a statement based, as applicable, on loan-level information the Remittance Report obtained from and the Master 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 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (vii) the Loan Group Balance and the Non-PO Loan Group Balance, and the 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 (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (xivii) 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; (xiiviii) 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; (xiiiix) 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; (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 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 and the PO Components; (xvixii) the Class Certificate Principal Balance or Class Certificate Notional BalanceAmount, 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; (xviixiii) 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; (xviiixiv) the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xixxv) the Available Funds with respect to each Loan Group; (xxxvi) the Pass-Through Rate and Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxixvii) the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the Servicing Agreement, or the Section of this Agreement, as applicable, requiring or allowing the purchase of each such Mortgage Loan; (xxiixviii) 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); (xix) the amount of compensation received by the Trustee during the related Due Period; (xx) the amount of compensation received by the Custodian during the related Due Period; (xxi) current and cumulative Recoveries; (xxii) current and cumulative PO Recoveries; (xxiii) current Recoveries allocable to each Loan Group;and cumulative Charged-off Recoveries; and (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the aggregate amount of any Basis Risk ShortfallCharged-off Amounts incurred during the related Due Period and the cumulative amount of Charged-off Amounts, 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; (xxvii) the amount of Net Deferred Interest, if any, added allocated to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amountof Certificates or the PO Components. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 Trustee 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 (iixvii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 (Charlie Mac Trust 2004-2)

Statements. (a) On each Distribution Each month for so long as a Class of Auction Rate Certificates is Outstanding, not later than 12:00 noon New York time on the Auction Reporting Date, the Trustee Servicer shall make available deliver to the Certificate Insurer and the Trustee, by telecopy, the receipt 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 a Servicing Officer stating the date (day, month and year), the Series number of the Certificates, the date of this Agreement, and the amount to be distributed on the upcoming Remittance Date to each CertificateholderClass of Auction Rate Certificates as a payment of principal. Each month, not later than 12:00 noon New York time on the Determination Date, the Servicer shall deliver to the Certificate InsurerInsurer and to the Trustee, by telecopy, 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 R (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 Series number of the Certificates, the date of this Agreement, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Servicer (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 Class A Certificates allocable 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 Certificates; (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 Class A Certificates; (iv) the aggregate total amount of servicing compensation received by any Insured Payments included in the Servicer during Pool Available Remittance Amount for each Pool 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 returnsRemittance Date; (v) the aggregate amount of Advances Subordinated Amount and Specified Subordinated Amount for the related Due Period and the amount of unreimbursed AdvancesRemittance Date, listed separately for each Pool; (vi) the number and Principal Balances of all Loans in each Pool Collateral Balance and which were the Loan Group Collateral Balance for such Distribution Datesubject of Principal Prepayments during the Due Period; (vii) the Loan Group Balance and related Net WAC and applicable 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) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance amount of all Excess Payments and the One-Month MTA Indexed Mortgage Loans at amounts of Monthly Payments in respect of principal received during the Close of Business at the end of the related Due Period, and stated separately for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loanseach Pool; (ix) [Reserved]the amount of interest received on the Mortgage Loans, stated separately for each Pool; (x) [Reserved]the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Certificate Accounts pursuant to Section 6.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date, in each case stated separately for each Pool; (xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit O, 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, in each case, using the MBA method; (xiii) the book value (if available) 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 Period, stated separately for each Loan Group Pool; (xiii) the Pool Remittance Amounts for each Pool for the Remittance Date, in the aggregate and by component and listed separately for the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated portions relating to each Class of Class A Certificates or Principal-Only Componentsin the related Pool and, with respect to the Auction Rate Certificates, the amount otherwise required to be distributed thereon with respect to principal and retained in the Certificate Account for Pool II pursuant to Section 6.08 (f); (xiv) the Reimbursable Amounts and the Class R Remittance Amount payable pursuant to Section 6.08(d)(iii) and (v) with respect to the Remittance Date; (xv) the Class Principal Balance for each Class of Class A Certificates 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 Realized Losses made on such Remittance Date; (xvi) the Class Principal Balance or Class Notional BalanceMonthly Excess Spread Percentage, as applicablethe Excess Spread, of each Class of Certificates and the Apportioned Principal Balances of Remainder Excess Spread Amount allocable to Reimbursable Amounts and Class R Certificateholders pursuant to Section 5.04(f) (in each case, in the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Dateaggregate and stated separately for each Pool); (xvii) the Monthly Interest Distributable Amount and Cumulative Realized Losses, stated separately for each Pool, with respect to 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 Remittance Date; (xviii) the aggregate amount of any Net weighted average maturity and weighted average Interest Shortfalls and the Unpaid Interest Shortfall Amount Rate, stated separately for such Distribution Dateeach Pool; (xix) the Available Funds with respect Servicing Fees, the Contingency Fees, the Auction Agent Fees and amounts to be deposited to the Expense Accounts, the Insurance Accounts and the FHA Premium Account, in each Loan Groupcase, as applicable, stated separately for each Pool; (xx) the Pass-Through Rate amount of all payments and Adjusted Cap Rate for reimbursements to the Servicer pursuant to Section 5.04(b), (c), (d)(ii), (e) and (f)(i), 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 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 Mortgage Interest Rate and Adjusted Mortgage Interest Rate of any Principal Deficiency Amounts or Accrued the Mortgage 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 Mortgage 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 A-5, Class A-8, Class A-9 and Class A-10 Remittance Rates with respect to each Loan Groupthe Remittance Date and if any of the Class A-5, Class A-8, Class A-9 or Class A-10 Remittance Rates was based on the applicable Net Funds Cap for the related Pool, 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) the amount of any Basis Risk ShortfallNet Funds Cap for Pool I, if any, Pool II and Pool III with respect to the related accrued interest thereonRemittance Date; (xxvi) if the Remittance Rate for each Loan Groupa Class of Pool II Certificates for such Remittance Date is based on the Net Funds Cap, the amount of Deferred any Certificateholders' Interest and Net Deferred Interest, if any, Carryover for such Loan GroupClass for such Remittance Date; (xxvii) the amount of Net Deferred Interestthe distribution, if any, added allocable to Certificateholders' Interest Carryover and the amount of any Certificateholders' Interest Carryover for all prior Remittance Dates after giving effect to such distribution (in each case, stated separately by Class Principal Balance of and in the related Certificatesaggregate); (xxviii) if the Remittance Rate for the Class A-5 Certificates for such Remittance Date is based on the Net Funds Cap, the amount of the Certificate Insurer Reimbursement Amount, if anyany Class A-5 Interest Shortfall for such Class for such Remittance Date; (xxix) the Deficiency Amount, if any, The amount to be paid by deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Servicer and/or the Certificate InsurerInsurer from the FHA Premium Account pursuant to Section 6.06(b)(i); (xxx) The amount of FHA Payments and Related Payments received during the number of mortgage loans and related Due Period; (xxxi) The Reserve Amount for the aggregate principal balance of related Remittance Date; (xxxii) Claims filed during the mortgage loans that have negatively amortized in each Loan GroupDue Period; (xxxiii) Claims paid during the Due Period; (xxxiv) Claims denied by the FHA during the Due Period; (xxxv) Claims pending payment by the FHA during the Due Period; and (xxxixxxvi) Such other information as the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount Certificate Insurer and Class X-B Distributable Amountthe Certificateholders may reasonably require. The Trustee shall make forward such report to 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 Certificate Insurer on the Remittance Date, together with a separate report indicating the amount of funds deposited in each Certificate Account pursuant to this Agreement via Section 6.01(a)(iv); and the Trustee’s Internet website. The Trustee’s Internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using amounts which are reimbursable to the website can be obtained Servicer or the Representative, as appropriate, pursuant to Sections 6.03(c)(i), 6.03(c)(ii), 6.04(b)(iv) and 6.08(d)(iii) (all reports prepared by calling the Trustee customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use of such withdrawals and deposits will be based in whole or in part upon 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 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 information provided to the partiesTrustee by the Servicer or the Claims Administrator). To the extent that there are inconsistencies between the telecopy of the Servicer's Certificate and the hard copy thereof, and the Trustee shall provide timely and adequate notification be entitled to all parties regarding any such changerely upon the telecopy. In the case of information furnished pursuant to subclauses (iii), (vi), (vii), (viii), (xiii), (xv) and (ii) xxii), above, the amounts shall be expressed in a separate section of the report as a dollar amount for each Class for each per $1,000 (or in the case of the Auction Rate Certificates, per $25,000) original dollar amount as of the Cut-off Off Date. In addition Additionally, on the Special Remittance Date the Trustee shall, based upon information received from the Servicer, forward 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 toCertificateholders, the information required by Item 1121 (§ 229.1121) Certificate Insurer and the Rating Agencies, a report setting forth the amount of Regulation ABprincipal and interest, if any, being paid to each Class of Class A Certificates on the Special Remittance Date. (ba) Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, Servicer shall furnish to the Certificate Insurer and Trustee for distribution to each Person who at any time during the calendar year was a Class 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 (iix), (xiii), (xix) and (ii) xxxvi), above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished provided by the Trustee 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 and the Special Remittance Date, the Trustee shall forward to the Class R Certificateholders a copy of the report forwarded to the Certificateholders of each Pool in respect of such Remittance Date or the Special Remittance Date, as the case may be, and a statement setting forth the amounts actually distributed to the Class R Certificateholders, 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 Servicer shall furnish to the Trustee for distribution to each Person who at any time during the calendar year was a Class R 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 Class R Certificateholder. Such obligation of the Servicer shall supply an electronic tape be deemed to Bloomberg Financial Marketshave 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, Inc. the Servicer will provide to each Class A 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 Class A Certificateholder to comply with applicable regulations of the Office of Thrift Supervision or other regulatory authorities with respect to investment in a format acceptable the Class A Certificates. (e) The Servicer shall furnish to Bloomberg Financial Marketseach Certificateholder and the Certificate Insurer, Inc. on a monthly basisduring 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 the Certificate Insurer, 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 or the Certificate Insurer may reasonably require; provided, that the Servicer shall supply an electronic tape be entitled to Loan Performance and Intex Solutions be reimbursed by such Certificateholder or the Certificate Insurer 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: Pooling and Servicing Agreement (Money Store Trust 1996-C)

Statements. (a) On Two Business Days prior to each Distribution Date, the Trustee 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 Certificate InsurerSeller, the SellerMaster Servicer, the Trustee and each the Rating Agency, a statement based, as applicable, on loan-level information obtained from and provided to it by the Servicer Master 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 the 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) 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; (viiivii) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, ; (viii) the aggregate Principal Balance of the COFI Six-Month LIBOR Indexed, One-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage LoansLoans at the Close of Business at the end of the related Due Period; (ix) [Reservedreserved]; (x) [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; (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, 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 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 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; (xvixv) the Class Certificate Principal Balance or Class Notional Balance, 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 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; (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 and Adjusted Cap 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable AmountDistribution Date. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 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), (ii) and (iiiv) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee 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 Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each 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 forward by mail to each Holder of the Regular Certificates, the Master Servicer, the Certificate Insurer and the Servicer (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 Class A Certificates, separately identified, allocable to principal; (ii) the amount of the distribution made on such Distribution Date to the Holders of each Class of Class A 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 the Overcollateralization Target Amount as of such Distribution Date for each Class of Class A Certificates and the General Excess Available Amount for each related Loan Group for the following such Distribution Date; (iv) the aggregate amount of servicing compensation received by 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 returnsreturns and, separately identified, the amount of compensation paid to the Special Servicer; (v) the aggregate amount of Advances for the related Due Period and the amount of unreimbursed AdvancesPeriod; (vi) the Pool Collateral Principal 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; (viiivii) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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; (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 Close of business 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, in each casethe loan number of such Mortgage Loan, using the MBA methodPrincipal Balance of such Mortgage Loan as of the date it became an REO Property; (xiiix) 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 Perioddue 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 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; (xvixiii) the aggregate amount of extraordinary Trust Fund expenses withdrawn from the Collection Account for such Distribution Date; (xiv) the Class Certificate Principal Balance or Class Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the Subordinate Certificates Class A Certificates, after giving effect to any the distributions made thereon, on such Distribution Date; (xviixv) the Monthly Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, Class A 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 Master Servicer pursuant to Section 3.26; (xvii) the aggregate Premium Amount to be paid to the Certificate Insurer; (xviii) the Group II Available Funds Cap Carryover Amount, if any, for such Distribution Date and the amount remaining unpaid after reimbursements therefor on such Distribution Date; (xix) any Overcollateralization Deficiency Amount after giving effect to the distribution of principal on such Distribution Date; (xx) whether the Step Down Cumulative Loss Test, Step Down Rolling Delinquency Test, Step Down Rolling Loss Test, Step Up Cumulative Loss Test, Step Up Rolling Delinquency Test, Step Up Rolling Loss Test and/or Step Up Spread Squeeze Test have been met, the cumulative realized losses with respect to each Loan Group, as a percentage of the original Loan Group Balance, the Delinquency Percentage and the Annual Loss Percentage; (xxi) the Available Funds with respect to each Loan Group; (xxxxii) the Pass-Through Rate and Adjusted Cap Rate for each the Class of A-2 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 Master Servicer, Special Servicer or Seller during the related Due Period, Period and indicating the relevant section of the 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 aggregate amount representing (a) collections of any Basis Risk Shortfall, if any, and Prepayment Premiums during the related accrued interest thereon;Prepayment Period to be distributed to Holders of the Class P Certificates and (b) any amounts distributable as principal to such Holders, on such Distribution Date; and (xxvi) for each Loan Group, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan Group; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Component Distributable Amount and Class X-B X-2 Component Distributable AmountAmount for such Distribution Date and (a) the portion thereof distributed on the current Distribution Date and the portion thereof remaining unpaid on such Distribution Date, (b) any such amount for any prior Distribution Date distributed on the current Distribution Date and (c) any such amount for any prior Distribution Date remaining unpaid after giving effect to the distributions on the current Distribution Date, separately stated. The Trustee shall forward such report concurrently with each distribution to the Certificateholders, the Certificate Insurer (at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, Attention: Surveillance Department) and the Rating Agencies on the related Distribution Date. The 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 Trustee’s Internet 's website. The Trustee’s Internet 's website shall initially can be located accessed at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using /invr. The 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 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 suchMaster Servicer. The 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 Trustee 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 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 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) and through (iiiii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 (United Panam Financial Corp)

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate InsurerSeller, the Seller, Master Servicer and each the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer 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 the 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and ; (ix) for each Loan Group 3Group, the aggregate Principal Balance of the COFI One-Month LIBOR Indexed, Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans; (ix) [Reserved]Loans at the Close of Business at the end of the related Due Period; (x) [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 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 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 BalanceAmount, 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 or Unpaid Basis Risk Shortfall, if any, and the related accrued interest thereon;, with respect to the LIBOR Certificates; and (xxvi) for each Loan Group, payments made under the amount of Deferred Interest and Net Deferred InterestYield Maintenance Agreement, if any, for such Loan Group; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇www.ctslink.com.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 Trustee 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 (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 Each month, not later than 12:00 noon New York time on the Determination Date, the Trustee Trust Administrator shall make available deliver to each Certificateholderthe Certificate Insurer and to the Co-Trustees, by telecopy, for distribution to the Certificateholders, the Certificate Insurerreceipt 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 SellerSeries number of the Certificates, the date of this Agreement, and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Servicer (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 Pool I, Pool II and Pool III Certificates allocable 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 Pool I, Pool II and Pool III Certificates; (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, Pool II and Pool III Certificates; (iv) the aggregate total amount of servicing compensation received by any Insured Payments included in the Servicer during Pool Available Remittance Amount for Pool I or Pool II 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 returnsRemittance Date; (v) the aggregate amount of Advances Subordinated Amount and Specified Subordinated Amount for the related Due Period Remittance Date, listed separately for each Pool and the amount of unreimbursed AdvancesPool Available Maximum Subordinated Amount for Pool III; (vi) the number and Principal Balances of all Mortgage Loans in each Pool Collateral Balance and which were the Loan Group Collateral Balance for such Distribution Datesubject of Principal Prepayments during the Due Period; (vii) the Loan Group Balance and related Net WAC and applicable 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) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance amount of all Excess Payments and the One-Month MTA Indexed Mortgage Loans at amounts of Monthly Payments in respect of principal received during the Close of Business at the end of the related Due Period, and stated separately for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loanseach Pool; (ix) [Reserved]the amount of interest received on the Mortgage Loans, stated separately for each Pool; (x) [Reserved]the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Certificate Accounts pursuant to Section 6.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date, in each case stated separately for each Pool; (xi) the delinquency and foreclosure information set forth in the form attached hereto as Exhibit O, 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, in each case, using the MBA method; (xiii) the book value (if available) 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 Period, stated separately for each Loan Group Pool; (xiii) the Pool Remittance Amounts for Pool I and Pool II and the cumulative amount of Realized Losses Class Current Interest Requirement and the amount of Realized LossesPool Principal Distribution Amount for Pool III for the Remittance Date, if any, allocated in the aggregate and by component and listed separately for the portions relating to each Class of Certificates in the related Pool, and any Interest Shortfall Carryforward Amount or PrincipalPool Carry-Only ComponentsForward Amount, as the case may be, relating to each Class of Certificates; (xiv) the Reimbursable Amounts and the Class X Remittance Amount payable pursuant to Section 6.08(d)(X)(v) and Section 6.08(d)(Z)(xviii) with respect to the Remittance Date; (xv) the Class Principal Balance for each Class of Certificates 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 Realized Losses made on such Remittance Date; (xvi) the Class Principal Balance or Class Notional BalanceMonthly Excess Spread Percentage, as applicablethe Excess Spread, of each Class of Certificates and the Apportioned Principal Balances of Remainder Excess Spread Amount (in each case, in the Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Dateaggregate and stated separately for each Pool); (xvii) the Monthly Interest Distributable Amount and Cumulative Realized Losses, stated separately for each Pool, with respect to 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 Remittance Date; (xviii) the aggregate amount of any Net weighted average maturity and weighted average Interest Shortfalls and the Unpaid Interest Shortfall Amount Rate, stated separately for such Distribution Dateeach Pool; (xix) the Available Funds with respect Servicing Fees, the Contingency Fees, and amounts to be deposited to the Expense Accounts, the Insurance Accounts and the FHA Premium Account, in each Loan Groupcase, as applicable, stated separately for each Pool; (xx) the Pass-Through Rate amount of all payments and Adjusted Cap Rate for reimbursements to the Servicer pursuant to Section 5.04(b), (c), (d)(ii), (e) and (f)(i), 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 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 Mortgage Interest Rate and Adjusted Mortgage Interest Rate of any Principal Deficiency Amounts or Accrued the Mortgage 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 Mortgage 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 AV Remittance Rate with respect to each Loan Groupthe Remittance Date and if the Class AV Remittance Rate was based on the applicable Net Funds Cap, what it would have been if based on LIBOR plus the applicable Margin; (xxiv) cumulative Recoveries allocable the rate of LIBOR with respect to each Loan Groupthe Remittance Date; (xxv) the amount of any Basis Risk Shortfall, if any, and Net Funds Cap for the related accrued interest thereonClass AV Certificates with respect to the Remittance Date; (xxvi) if the Remittance Rate for each Loan Groupthe Class AV Certificates for such Remittance Date is based on the Net Funds Cap, the amount of Deferred any Certificateholders' Interest and Net Deferred Interest, if any, Carryover for such Loan GroupClass for such Remittance Date; (xxvii) the amount of Net Deferred Interestthe distribution, if any, added allocable to Certificateholders' Interest Carryover and the amount of any Certificateholders' Interest Carryover for all prior Remittance Dates after giving effect to such distribution (in each case, stated separately by Class Principal Balance of and in the related Certificatesaggregate); (xxviii) whether the amount of the Certificate Insurer Reimbursement Amount, if anyTrigger Event for Pool III is in effect; (xxix) the Deficiency Amount, if any, to be paid by Senior Percentage and the Certificate InsurerClass B Pool Percentage for the current Remittance Date; (xxx) the number amount of mortgage loans any Pool Applied Realized Loss Amount, Realized Loss Amount and the aggregate principal balance Unpaid Realized Loss Amount for each Class of Pool III Certificates as of the mortgage loans that have negatively amortized in each Loan Group; andclose of such Remittance Date; (xxxi) the Accelerated Principal Distribution Amount for Pool III for such Remittance Date; (xxxii) the amount to be deposited into the FHA Premium Account on the related Remittance Date and the amount reimbursable to the Servicer from the FHA Premium Account pursuant to Section 6.06(b)(i); (xxxiii) The amount of any Class X-1 Distributable AmountFHA Payments and Related Payments received during the related Due Period, Class X-3A Distributable stated separately for each Pool; (xxxiv) The Reserve Amount for the related Remittance Date; (xxxv) Claims filed during the Due Period; (xxxvi) Claims paid during the Due Period; (xxxvii) Claims denied by the FHA during the Due Period; (xxxviii) Claims pending payment by the FHA during the Due Period; and (xxxix) The number and Class XPrincipal Balance of all Defaulted Mortgage Loans purchased during the Due Period, stated separately for each Pool; (xl) Such other information as the Certificate Insurer and the Co-B Distributable AmountTrustees may reasonably require. The Each Co-Trustee shall make forward such report to the Distribution Date Statement (Certificateholders of the applicable Pool and, at its optionwith respect to the report on the Pool I and Pool II Mortgage Loans, any additional files containing to the same information Certificate Insurer on the Remittance Date, together, if requested by a Certificateholder, with a separate report indicating the amount of funds deposited in an alternative format) available each month Certificate Account pursuant to Certificateholders Section 6.01(a)(iv); and the other parties amounts which are reimbursable to this Agreement via the Trustee’s Internet websiteServicer or the Representative, as appropriate, pursuant to Sections 6.03(c)(i), 6.03(c)(ii), 6.04(b)(iv), 6.08(d)(X)(iii), and 6.08(d)(Z) (all reports prepared by the Co-Trustees of such withdrawals and deposits will be based in whole or in part upon the information provided to the Co-Trustees by the Servicer, the Trust Administrator or the Claims Administrator). The Trustee’s Internet website To the extent that there are inconsistencies between the telecopy of the Trust Administrator's Certificate and the hard copy thereof, the Co-Trustees shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the 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 rely upon the customer service desk and indicating such. The 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 Trustee 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 Off Date. In addition Each month, not later than the third Business Day prior to the information listed above, Determination Date occurring in such Distribution Date Statement shall also include such other information as is required by Form 10-D, including, but not limited tomonth, 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). In making any payments or distributions required to be made by them pursuant to any of the provisions hereof, the Co-Trustees shall make such payments and distributions based solely upon the information required 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 Co-Trustees may rely fully upon and shall have no liability with respect to any such information provided to them by Item 1121 (§ 229.1121) of Regulation ABthe Servicer or the Trust Administrator. Neither Co-Trustee shall 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 Trustee shall, upon written request, Trust Administrator shall furnish to the Certificate Insurer and Co-Trustees for distribution to each Person who at any time during the calendar year was a Certificateholder of the applicable Pool the amount of interest and principal distributed with respect to each Class of Certificates plus such other customary information as the Trust Administrator determines to be necessary and/or required by the Internal Revenue Service to enable the Certificateholders to prepare their tax returns for such calendar year. 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 are in force. (b) On each Remittance Date, the Co-Trustees shall forward to the Class X and Class R Certificateholders a Regular Certificatecopy of the report forwarded to the Certificateholders of each Pool in respect of such Remittance Date, if requested in writing as the case may be, and a statement, prepared by the Servicer or the Trust Administrator, setting forth the amounts actually distributed to the Class X and Class R Certificateholders, on such PersonRemittance Date together with such other information as the Servicer or Trust Administrator provides and deems necessary or appropriate. (c) Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to the Pool I and Pool II Co-Trustee for distribution to each Person who at any time during the calendar year was a Class X or Class R Certificateholder such information as is reasonably necessary to provide to such Person a statement containing the information set forth in subclauses (i) and (ii) above, 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 Trustee Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished provided by the Trustee to Certificateholders Trust Administrator pursuant to any requirements of the Code as are in force from time to timetime in force. (cd) On each Distribution DateUpon reasonable advance notice in writing, the Trustee 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. (e) The Servicer shall supply an electronic tape furnish to Bloomberg Financial Marketseach Certificateholder and the Certificate Insurer, Inc. 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 the Certificate Insurer, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided by and in a format acceptable accordance with such applicable instructions and directions as the Certificateholder or the Certificate Insurer may reasonably require; provided, that the Servicer shall be entitled to Bloomberg Financial Markets, Inc. on a monthly basis, and shall supply an electronic tape to Loan Performance and Intex Solutions be reimbursed by such Certificateholder or the Certificate Insurer 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: Pooling and Servicing Agreement (Money Store Home Equity Corp)

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained from contained in the Remittance Report, the Trustee shall prepare and the Servicer (the “Distribution Date Statement”) post on its website at www.usbank.com/abs, a statement as to the distributions to be made or made, as applicable, on such Distribution DateDi▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇: (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 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) 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 close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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, in each casethe loan number of such Mortgage Loan, using the MBA methodunpaid 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 (if available) 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 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; (xvixiv) the Class Certificate Principal Balance Balance, or Class Notional BalanceAmount, 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 Monthly Accrued Certificate Interest Distributable Amount and the Interest Distributable Amount in respect of each Class of Certificates, Offered Certificates and the 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 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 and Adjusted Cap 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 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) the amount of Net Deferred Interest, if any, added to the Class aggregate Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid Mortgage Loans repurchased by the Certificate Insurer; Servicer (xxxor an affiliate) during the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized related Collection Period in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 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 customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇connection with Section 3.16. Parties that are unable to use the above distribution option usbank.com/abs are entitled to have a paper copy mailed to them via first class mail fir▇▇ ▇▇▇▇▇ ▇▇▇▇ by calling the customer service desk Trustee at (800) 934-6802 and indicating such. The 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 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 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 Trustee shall, upon written request, shall 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), (ii), (xv) and (iixx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 (Asset Backed Funding Corp C Bass Mor Ln as Bk Ce Se 2004 Cb1)

Statements. (a) On each Distribution Date, the Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained from contained in the Remittance Report, the Trustee shall prepare and the Servicer (the “Distribution Date Statement”) as to the distributions to be post on its website at www.chase.com/sfa, a stat▇▇▇▇▇ ▇▇ ▇▇ ▇▇▇ ▇istributions 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 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) 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 close of Business business at the end of the related Due Collection Period; (viiivii) separately stated for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the Oneand each Sub-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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, in each casethe loan number of such Mortgage Loan, using the MBA methodunpaid 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 (if available) 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 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; (xvixiv) the Class Certificate Principal Balance Balance, or Class Notional BalanceAmount, 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 Monthly Accrued Certificate Interest Distributable Amount and the 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; (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 for the Class A-1F and 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; (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 and Adjusted Cap 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 amount of any transfers from the HLTV Reserve Account and the amount remaining on deposit in the HLTV Reserve Account (with respect to each Loan Group) after giving effect to any such transfers; (xxvii) 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 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates;; and (xxviii) the amount aggregate Principal Balance of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid Mortgage Loans repurchased by the Certificate Insurer; (xxx) Seller during the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized related Collection Period in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amountconnection with Section 3.16. The 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 may fully rely upon and the other parties to this Agreement via the Trustee’s Internet website. The Trustee’s Internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 Trustee shall, upon written request, shall 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), (ii), (xv) and (iixx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall supply an electronic tape forward to Bloomberg Financial Markets, Inc. the Class R 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 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 (Asset Backed Funding Corp)

Statements. (a) On each Distribution Each month, not later than 12:00 noon New York time on the Determination Date, the Trustee Certificate Administrator shall make available to each Certificateholderprepare a report signed by an officer of the Certificate Administrator (a "Certificate Administrator's Report") stating the date (day, month and year), the Certificate InsurerSeries number of the Certificates, the Sellerdate of this Agreement, and each Rating Agency, a statement based, as applicable, the following (based solely on loan-level the information obtained received from and the Servicer (in 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 the 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) the Pool Collateral Balance and amount of all Curtailments which were received during the Loan Group Collateral Balance for such Distribution DateCollection Period; (vii) the Loan Group Balance aggregate amount of all Excess Payments and related Net WAC and applicable 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 (other than Loan Group 3), the aggregate Principal Balance amount of interest received on the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]the amount of the Monthly Advances to be made on the Determination Date, the portion of the Monthly Advances to be deposited in the Certificate Account pursuant to Section 6.01(a)(ii), and the Compensating Interest payment to be made on the Determination Date; (x) [Reserved]the delinquency and foreclosure information set forth in the form 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 month, in each case, using the MBA methodCertificates; (xiii) the book value (if availableReimbursable Amounts and amounts payable to the Class X Certificates pursuant to Sections 6.04(d) of any REO Property as of the Close of Business on the last Business Day of the calendar month preceding 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 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 ComponentsDistribution Date; (xvi) the Supplemental Interest Amount for the Class Principal Balance or Class Notional Balance, 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 Monthly Interest Distributable Amount Servicing Fees, and amounts to be deposited to 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 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 and Adjusted Cap 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 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 to an Undercollateralized Group or amounts paid pursuant to Section 5.01(e)(i); (xxiii) current Recoveries allocable Applied Realized Loss Amount with respect to each Loan Group; (xxiv) cumulative Recoveries allocable to each Loan Group; (xxv) the amount Class of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvi) for each Loan GroupCertificates, the amount of Deferred Interest Realized Losses for the related Collection Period with respect to the Mortgage Loans, and Net Deferred Interest, if any, for the amount of Cumulative Realized Losses on the Mortgage Loans as of the close of such Loan GroupDistribution Date; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Accelerated Principal Balance of the related CertificatesDistribution Amount for such Distribution Date; (xxviii) the amount number and Principal Balance of all Defaulted Mortgage Loans purchased during the Certificate Insurer Reimbursement Amount, if anyCollection Period; (xxix) the Deficiency Amount, if any, to be paid by Overcollaterization Amount for the Certificate Insurerapplicable Distribution Date; (xxx) such other information as the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable AmountTrustee may reasonably require. The Trustee shall 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 Trustee’s Internet Certificate Administrator's internet website. The Trustee’s Internet Certificate Administrator's internet website shall will initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” "www.firstlinkabs.com". Assistance in using the website can be obtained by calling the Trustee obtaine▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇tificate Administrator'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 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 Trustee 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 Off Date. In addition Each month, not later than the third Business Day prior to the information listed above, Determination Date occurring in such Distribution Date Statement shall also include such other information as is required by Form 10-D, including, but not limited tomonth, 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 Item 1121 (§ 229.1121) them pursuant to any of Regulation ABthe 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 Trustee shall, upon written request, Certificate Administrator shall furnish to the Certificate Insurer and each Person who at any time during the calendar year was a Certificateholder and who so requests the amount of interest and principal distributed with respect to each Class of Certificates plus such other customary information as the Certificate Administrator determines to be necessary and/or required by the Internal Revenue Service to enable the Certificateholders to prepare their tax returns for such calendar year. 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 are in force. (c) On each Distribution Date, the Certificate Administrator shall make available to the Class X and Class R Certificateholders a Regular Certificatecopy of the report forwarded to the Certificateholders in respect of such Distribution Date, if requested in writing 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 PersonDistribution 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 set forth in subclauses (i) and (ii) above, 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 Trustee Certificate Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished provided by the Trustee to Certificateholders Certificate Administrator pursuant to any requirements of the Code as are in force from time to timetime in force. (ce) On each Distribution DateUpon reasonable advance notice in writing, the Trustee 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 supply an electronic tape furnish to Bloomberg Financial Marketseach Certificateholder, Inc. 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 Trustee shall make available to each Certificateholder, the Certificate Insurer, the Seller, and each Rating Agency, a statement based, as applicable, on loan-level the Mortgage Loan information obtained from contained in the Remittance Report, the Trustee shall prepare and the Servicer (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 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) 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 close of Business business at the end of the related Due Collection Period; (viiivii) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]; (x) [Reserved]; (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, in each casethe loan 103 number of such Mortgage Loan, using the MBA methodunpaid 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 (if available) 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 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; (xvixiv) the Class Certificate Principal Balance Balance, or Class Notional BalanceAmount, 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 Monthly Accrued Certificate Interest Distributable Amount and the 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 and Adjusted Cap 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 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) the amount of Net Deferred Interest, if any, added to the Class aggregate Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid Mortgage Loans repurchased by the Certificate Insurer; Servicer (xxxor an affiliate) during the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized related Collection Period in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The 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 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 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 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 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 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 Trustee shall, upon written request, shall 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), (ii), (xv) and (iixx) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 Trustee 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 each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer, the Senior Basis Risk Cap Provider, the Subordinate Basis Risk Cap Provider and the 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 the 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (vii) the Loan Group Balance for each Loan Group and related the Net WAC and applicable 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]for each Loan Group, 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) [Reserved]; (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, in each case, using the MBA 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 Principal Balance or Class Notional Balance, 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 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; (xxvi) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxvii) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency amount of any Unpaid Interest Shortfall Amount, if any, to be paid by the Certificate Insurer; (xxx) the number amount of mortgage loans the Group 1 Final Maturity Reserve Amount, the Group 2 Final Maturity Reserve Amount and the aggregate principal balance 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 the mortgage loans that have negatively amortized in each Loan Group; andCertificates; (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 X-1 P Distributable Amount, Class X-3A Distributable Amount ; (xxxvi) the amount on deposit in the Prefunding Account in the aggregate and Class X-B Distributable Amountfor 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 Basis Risk Cap Account pursuant to Section 5.13; and (xxxviii) the aggregate Principal Balance and number of Subsequent Mortgage Loans purchased in the Prefunding Period. The Trustee 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 Certificateholders, the Certificate Insurer and the other parties to this Agreement via the TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 such any 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 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate InsurerSeller, the Seller, Master Servicer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the Master Servicer and, if applicable, each 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 PercentagePercentage for the Senior Certificates and Components, the Senior Prepayment PercentagePercentage for the Senior Certificates and Components, the Subordinate Percentage and the Subordinate Prepayment Percentage with respect to each Mortgage Pool and each Loan Group Subgroup for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by the Servicer Servicers 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 the related Due Period and the amount of unreimbursed Advances; (vi) the Pool Collateral Balance and the Loan Group Collateral Asset Balance for such Distribution Date; (vii) the Pool Balances, the Loan Group Subgroup Balances, the Pool 1-2 Aggregate Collateral Balance, the Non-PO Loan Subgroup Balance and related Net WAC and applicable Net WAC Cap for each Mortgage Pool and each Loan Group Subgroup at the Close of Business at the end of the related Due Period; (viii) for each Loan Group (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans[Reserved]; (ix) [Reserved]; (x) [Reserved]; (xi) for each Mortgage Pool and 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 Mortgage Pool and 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 OTS 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 Mortgage Pool and 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 Mortgage Pool and 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 Mortgage Pool and each Loan Group Subgroup and the cumulative amount of Realized Losses and the amount of Realized Losses, if any, allocated to each Class of Certificates and Components or Principal-Only Componentsafter giving effect to any distribution made thereon, on such Distribution Date; (xvi) the Class Principal Balance or Class Notional Balance, 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 CertificatesCertificates and Components, for such Distribution Date and the respective portions thereof, if any, remaining unpaid following the distributions made in respect of such Certificates and Components 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 Mortgage Pool and each Loan GroupSubgroup; (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 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 Pool or an Undercollateralized Subgroup or amounts paid pursuant to Section 5.01(e)(i) or 5.01(e)(ii); (xxiii) current and cumulative Recoveries allocable to each Mortgage Pool and each Loan GroupSubgroup; (xxiv) current and cumulative PO Recoveries allocable to each Loan GroupPool 1 Subgroup 1; (xxv) the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereonClass P Distributable Amount for such Distribution Date; (xxvi) the amount on deposit in the Prefunding Account in the aggregate and for each Loan Group, of Pool 1 and Pool 2 (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 Deferred funds remaining in the Capitalized Interest and Net Deferred Interest, if any, for Account (after giving effect to distributions on such Loan Group;Distribution Date); and (xxvii) the amount of Net Deferred Interest, if any, added to the Class aggregate Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the and number of mortgage loans and Subsequent Mortgage Loans purchased in the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable AmountPrefunding Period. The Trustee 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 and the other parties to this Agreement via the TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇w▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 such any 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 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee to Certificateholders pursuant to any requirements of the Code as are in force from time to time. (c) On each Distribution Date, the Trustee shall 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 (RBSGC Mortgage Loan Trust 2007-B)

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate Insurer, the Seller, any NIMS Insurer, the Master Servicer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the 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 the 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (vii) the Loan Group Balance for each Loan Group and related the Net WAC and applicable Net WAC Cap for each Loan Group at the Close of Business at the end of the related Due Period; (vii) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (viii) for each Loan Group (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]for each Loan Group, 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) [Reserved]; (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, in each case, 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 Principal Balance or Class Notional Balance, 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 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; (xxviixxiv) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxv) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxvi) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates (xxvii) the amount of any Unpaid Interest Shortfall Amount; (xxviii) the amount of any Final Maturity Reserve Amount deposited in the Certificate Insurer Reimbursement AmountFinal Maturity Reserve Account, if anyand, on the earlier of (i) the Distribution Date in September 2026 and (ii) the termination of the Trust, the amount distributed from the Final Maturity Reserve Account to each Class of Certificates; (xxix) the Deficiency Amount, if any, to be paid by the Certificate InsurerOvercollateralized Amount for that Distribution Date; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans Overcollateralization Target Amount for that have negatively amortized in each Loan Group; andDistribution Date; (xxxi) the amount of any Class X-1 P Distributable Amount, Class X-3A Distributable Amount ; and (xxxii) the amount on deposit in the Prefunding Account in the aggregate and Class X-B Distributable Amountfor 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). The Trustee 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 and the other parties to this Agreement via the TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 such any 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 Trustee Securities Administrator shall, upon written request, furnish to any NIMS Insurer, 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 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) and (ii) 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 Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 2006-Ar2)

Statements. (a) On Two Business Days prior to each Distribution Date, the Trustee Securities Administrator shall make available to the Securities Administrator, and concurrently with each distribution to Certificateholders, the Securities Administrator shall make available to each Certificateholder, the Certificate InsurerSeller, the SellerMaster Servicer, the Trustee, the Yield Maintenance Provider and each the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer and the Servicer Servicers, 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. 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 Amounts required to be paid by the Yield Maintenance Provider for the related Distribution Date pursuant to the Yield Maintenance Agreements. 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 related Senior Percentage, Senior Prepayment Percentage, Subordinate Percentage and Subordinate Prepayment Percentage with respect to each Loan Subgroup, in the case of Loan Group 1, or with respect to Loan Group 2, in each case for the following Distribution Date; (iv) the aggregate amount of servicing compensation received by 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 Subgroup, in the case of Loan Group 1, or for Loan Group 2 for the related Due Period and the amount of unreimbursed Advances; (vi) the Pool Collateral Loan Subgroup Balance and for Loan Group 1, the Loan Group Collateral Balance for such Distribution DateLoan Group 2 and the related Net WAC for each Loan Subgroup, in the case of Loan Group 1, or with respect to Loan Group 2, at the Close of Business at the end of the related Due Period; (vii) the Loan Group Balance and related Net WAC and applicable Net WAC Cap for each Loan Subgroup of Loan Group 1, the aggregate Principal Balance of the Six-Month LIBOR Indexed, One-Year LIBOR Indexed and One-Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period; (viii) for each Loan Group (other than Loan Group 3)2, the aggregate Principal Balance of the Three-Month LIBOR Indexed, One-Year LIBOR Indexed and One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]for each Loan Subgroup, in the case of Loan Group 1, or with respect to Loan Group 2, 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) [Reserved]; (xi) for each Loan GroupSubgroup, in the case of Loan Group 1, or with respect to Loan Group 2, 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 Subgroup, in the case of Loan Group 1, or with respect to Loan Group 2, 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, in each case, using the MBA method; (xiiixii) for each Loan Subgroup, in the case of Loan Group 1, or with respect to Loan Group 2, 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 or Loan Subgroup, as applicable, as of the Close of Business of the last day of the preceding Due Period; (xivxiii) for each Loan Subgroup, in the case of Loan Group 1, or with respect to Loan Group 2, the aggregate amount of Principal Prepayments with respect to each Loan Group or Loan Subgroup, as applicable, made during the related Prepayment Period; (xvxiv) for each Loan Subgroup, in the case of Loan Group 1, or with respect to Loan Group 2, the aggregate amount of Realized Losses incurred during the related Due Period for each Loan Group or Loan Subgroup, as applicable, 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 Principal Balance or Class Notional Balance, as applicable, of each Class of Certificates and the Apportioned Principal Balances of the related Subordinate Certificates after giving effect to any distributions made thereon, on such Distribution Date; (xviixvi) for each Loan Subgroup, in the case of Loan Group 1, or with respect to Loan Group 2, 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 Subgroup, in the case of Loan Group 1, or with respect to Loan Group 2, the aggregate amount of any Net Interest Shortfalls and the Unpaid Interest Shortfall Amount for such Distribution Date; (xixxviii) for each Loan Subgroup, in the Available Funds case of Loan Group 1, or with respect to each Loan GroupGroup 2, the related Available Funds; (xxxix) for each Loan Subgroup, in the case of Loan Group 1, or with respect to Loan Group 2, the Pass-Through Rate and Adjusted Cap Rate for each Class of Certificates for such Distribution Date; (xxixx) for each Loan Subgroup, in the case of Loan Group 1, or with respect to Loan Group 2, the aggregate Principal Balance of Mortgage Loans purchased hereunder by the Seller during the related Due Period, and indicating the relevant section of the 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 Subgroup, in the case of Loan Group 1, or with respect to Loan Group 2, 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) for each Loan Subgroup, in the case of Loan Group 1, or with respect to Loan Group 2, current Recoveries allocable thereto; (xxiii) current for each Loan Subgroup, in the case of Loan Group 1, or with respect to Loan Group 2, cumulative Recoveries allocable to each Loan Groupthereto; (xxiv) cumulative Recoveries allocable to for each Loan Group; (xxv) Subgroup, in the case of Loan Group 1, or with respect to Loan Group 2, the amount of any Basis Risk Shortfall, if any, and the related accrued interest thereon; (xxvixxv) for each Loan GroupSubgroup, in the case of Loan Group 1, or with respect to Loan Group 2, the amount of Deferred Interest and Net Deferred Interest, if any, for such Loan GroupGroup or Loan Subgroup, as applicable,; (xxvi) payments made under the Yield Maintenance Agreements, if any; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates;Certificates in Loan Group 2; and (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the The amount of any Class X-1 Distributable Amount, Class X-3A 1-P Distributable Amount and or Class X2-B P Distributable Amount. The Trustee 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 and the other parties to this Agreement via the TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 Trustee 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), (ii) and (iiiv) 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 Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 (MortgageIT Mortgage Loan Trust 2006-1)

Statements. (a) On each Distribution Date, the Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate Insurereach Seller, the Seller, Master Servicer and each the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from and the Servicer pursuant to the provision by the Servicer of its Remittance Report (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 the Servicer during the related Due Period (without taking into account any reduction thereof in respect of Compensating Interest) 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination 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 (other than Loan Group 3), the aggregate Principal Balance of the One-Month MTA Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and ; (ix) for each Loan Group 3Group, the aggregate Principal Balance of the COFI One-Year LIBOR Indexed Mortgage Loans; (ix) [Reserved]Loans at the Close of Business at the end of the related Due Period; (x) [ReservedRESERVED]; (xi) for each Loan Group, 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, Loans in the aggregate and for each Loan Group, 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 and the Net Realized Losses for each Class of Certificates on such Distribution Date, 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 Notional Balance, 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 Shortfalls, the Unpaid Interest Shortfall Amount Amount, and the Interest Shortfall 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 each Seller during the related Due Period, and indicating the relevant section of the 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee Securities Administrator shall provide timely and adequate notification to all parties regarding any such change. The Securities Administrator’s obligations pursuant to this Section 5.04 are limited to the extent of its receipt of all necessary information from the Servicer. The Trustee and the Securities Administrator 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. 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 Trustee 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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) On or before January 31st of each year, the Servicer, on behalf of the Trust, shall provide the Securities Administrator with written notice listing all Distribution Date statements with respect to Distribution Dates occurring in the prior calendar year that were included in a Form 8-K filing pursuant to Section 3.28, provided however, 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 15th of each year in which such written notice is provided by the Servicer to the Securities Administrator, the Securities Administrator shall sign a certification (in the form attached hereto as Exhibit P), for the benefit of the Person(s) signing the Form 10-K Certification, regarding certain aspects of the Form 10-K Certification.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Greenwich Capital Acc Inc Provident Fund Mort Loan Tr 2004 1)

Statements. (a) On Concurrently with each Distribution Datedistribution to Certificateholders, the Trustee Securities Administrator shall make available to each Certificateholder, the Certificate InsurerSeller, the SellerMaster Servicer, the Trustee and each the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer and the Servicer 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 the 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution DateAdvances as reported by each Servicer; (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 [reserved]. (other than Loan Group 3), 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 (for Loan Groups 1 through 3 in the aggregate and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]4 separately); (x) [Reserved]the amount of the Master Servicer Fees paid to or retained by the Master 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, in each case, using the MBA method; (xiiixv) the book value (if available) 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 for each Loan Group 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 Notional Balance, 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 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; (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 Cap 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 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; (xxvii) and the amount of any Net Deferred Interest, if any, added to the Class 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 CertificatesDue Period as part of a loss mitigation strategy, the following items: (a) the percentage (by outstanding Principal Balance) and the number of Mortgage Loans that were modified in the related Due Period; (xxviiib) the cumulative percentage (by Cut-Off Date Principal Balance) of modified mortgage loans; (c) the amount of principal forgiven with respect to modified Mortgage Loans for the Certificate Insurer Reimbursement Amount, if anyrelated Due Period; (xxixd) the Deficiency Amount, if any, cumulative amount of principal forgiven with respect to be paid by modified Mortgage Loans from the Certificate InsurerClosing Date; (xxxe) 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 mortgage loans 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 aggregate principal balance delinquency status of the mortgage loans that have negatively amortized in each Loan Groupmodified Mortgage Loans from the Closing Date; and (xxxik) the amount Loan Rate of any Class X-1 Distributable Amount, Class X-3A Distributable Amount the modified Mortgage Loans pre- and Class X-B Distributable Amountpost- modification. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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. (bl) Within a reasonable period of time after the end of each calendar year, the Trustee 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), (ii) and (iiiv) 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 Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 Trustee shall make available to each Certificateholder, the Certificate InsurerYield Maintenance Provider, the Seller, any NIMS Insurer and each Rating Agency, a statement based, as applicable, on loan-level information obtained from and the 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 the 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (vii) the Loan Group Balance for each Loan Group and related the Net WAC and applicable 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans and COFI Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]for each Loan Group, 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) [Reserved]; (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, in each case, using the MBA 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 Principal Balance or Class Notional Balance, 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 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; (xxviixxv) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates (xxvi) the amount of any Unpaid Interest Shortfall Amount; (xxviiixxvii) the amount of the Certificate Insurer Reimbursement Group 1 Final Maturity Reserve Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans Group 2 Final Maturity Reserve Amount and the aggregate principal balance of Aggregate Final Maturity Reserve Amount deposited in the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable AmountFinal Maturity Reserve Account, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall make the Distribution Date Statement (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 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 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 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 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. 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 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) and (ii) above, aggregated for such calendar year or applicable portion thereof during which such Person was a 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 by the Trustee 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 Trustee 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 Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate InsurerSeller, the Seller, Master Servicer and each the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer 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 the 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and ; (ix) for each Loan Group 3Group, the aggregate Principal Balance of the COFI One-Month LIBOR Indexed, Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans; (ix) [Reserved]Loans at the Close of Business at the end of the related Due Period; (x) [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 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 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 BalanceAmount, 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 or Unpaid Basis Risk Shortfall, if any, and the related accrued interest thereon;, with respect to the LIBOR Certificates; and (xxvi) for each Loan Group, payments made under the amount of Deferred Interest and Net Deferred InterestYield Maintenance Agreement, if any, for such Loan Group; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 Trustee 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 (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 Two Business Days prior to each Distribution Date, the Trustee Securities Administrator shall make available to the Securities 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 Certificate InsurerSeller, the SellerMaster Servicer, the Trustee and each the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer and the Servicer 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 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (vii) the Loan Group Balance and for each Loan Group, the 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; (vii) [Reserved]; (viii) for each Loan Group (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]for each Loan Group, 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) [Reserved]; (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, in each case, 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 ComponentsCertificates; (xvixv) the Class Principal Balance or Class Notional Balance, 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 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; (xxvi) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxvii) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate InsurerOvercollateralization 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 on the Mortgage Loans; (xxxii) the number of mortgage loans Mortgage Loans and the aggregate principal balance Stated Principal Balance of the mortgage loans Mortgage Loans that have negatively amortized in each Loan Groupnegative amortization; and (xxxixxxiii) the The amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B P Distributable Amount. The Trustee 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 and the other parties to this Agreement via the TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 Trustee 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) and (ii) 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 Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 Trustee Securities Administrator shall make available to the Trustee, each Certificateholder, the Certificate InsurerSeller, the Seller, Master Servicer and each the Rating Agency, a statement based, as applicable, on loan-level information obtained from the Master Servicer and the Servicer 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 the 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) the Pool Collateral Balance Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Loan Group Collateral Balance for such Distribution Bankruptcy Loss Coverage Amount, each as of the related Determination 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 (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Year CMT Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and ; (ix) for each Loan Group 3Group, the aggregate Principal Balance of the COFI One-Month LIBOR Indexed, Six-Month LIBOR Indexed and One-Year LIBOR Indexed Mortgage Loans; (ix) [Reserved]Loans at the Close of Business at the end of the related Due Period; (x) [Reservedreserved]; (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 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 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 Notional Balance, 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;; 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; (xxvii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxx) the number of mortgage loans and the aggregate principal balance of the mortgage loans that have negatively amortized in each Loan Group; and (xxxi) the amount of any Class X-1 Distributable Amount, Class X-3A Distributable Amount and Class X-B Distributable Amount. The Trustee shall 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 TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 Trustee 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 (iixxi) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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 Trustee Securities Administrator shall make available to the Securities 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 Certificate InsurerSeller, the SellerMaster Servicer, the Trustee and each the Rating AgencyAgencies, a statement based, as applicable, on loan-level information obtained from provided to it by the Master Servicer and the Servicer 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 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) the Pool Collateral Balance and the Loan Group Collateral Balance for such Distribution Date; (vii) the Loan Group Balance and for each Loan Group, the 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; (vii) [Reserved]; (viii) for each Loan Group (other than Loan Group 3)Group, the aggregate Principal Balance of the One-Month MTA Indexed Mortgage Loans at the Close of Business at the end of the related Due Period, and for Loan Group 3, the aggregate Principal Balance of the COFI Indexed Mortgage Loans; (ix) [Reserved]for each Loan Group, 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) [Reserved]; (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, in each case, 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 ComponentsCertificates; (xvixv) the Class Principal Balance or Class Notional Balance, 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 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; (xxvi) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxvii) the Deficiency Amount, if any, to be paid by the Certificate Insurer; (xxviii) the amount of Net Deferred Interest, if any, added to the Class Principal Balance of the related Certificates; (xxviii) the amount of the Certificate Insurer Reimbursement Amount, if any; (xxix) the Deficiency Amount, if any, to be paid by the Certificate InsurerOvercollateralization 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 on the Mortgage Loans; (xxxii) the number of mortgage loans Mortgage Loans and the aggregate principal balance Stated Principal Balance of the mortgage loans Mortgage Loans that have negatively amortized in each Loan Groupnegative amortization; and (xxxixxxiii) the The amount of any Class X-1 Distributable Amount, Class X-3A P Distributable Amount and the Class X-B ES Distributable Amount. The Trustee 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 and the other parties to this Agreement via the TrusteeSecurities Administrator’s Internet internet website. The TrusteeSecurities Administrator’s Internet internet website shall initially be located at “▇▇▇.▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇.▇▇▇.” Assistance in using the website can be obtained by calling the Trustee 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 Trustee 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 Trustee 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 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 Trustee 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) and (ii) 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 Trustee Securities Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be prepared and furnished by the Trustee 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 Trustee 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)