Trustee Statements Sample Clauses

Trustee Statements. (a) The Trustee shall render to the Company, the Bank, and the Committee monthly statements of its receipts and disbursements as Trustee hereunder. Within 60 days after the close of each calendar year or any termination of the duties of the Trustee, the Trustee shall prepare, sign and mail to each of the Company, the Bank and the Committee one or more summary reports. These reports shall show all purchases, sales, receipts, disbursements, and other transactions effected by the Trustee during the year or period for which the applicable report or reports are filed, and shall contain an exact description, the cost as shown on the Trustee's books, and the fair market value as of the end of such period, of every item held in the Trust and the amount and nature of every obligation owed by the Trust, and any allocations of Trust Funds made under the terms hereof. Each of the Company and the Bank shall make a copy of such reports (or any adjustment thereof) available for inspection by Participants and Beneficiaries (and persons designated by them) at its principal executive office during business hours for a period of 60 days (30 days in the case of an adjusted report). If within 90 days after receipt of the report neither the Company, the Bank nor any Participant, Beneficiary or Committee member has filed with the Trustee notice of any objection to any act or transaction of the Trustee, the initial report shall become final as between the Trustee, the Company, the Bank, the Committee and the Participants and Beneficiaries. If any objection has been filed, and if the objecting party is satisfied that it should be withdrawn, the objecting party shall in writing filed with the Trustee signify its approval of the report, and it shall become a final report as between the Trustee, the Company, the Bank, the Committee and the Participants and Beneficiaries. If the report is adjusted following an objection thereto, the Trustee shall mail to the Company, the Bank and the Committee the adjusted report, and if within 30 days after receipt of the adjusted report neither the Company, the Bank nor any Participant, Beneficiary or Committee member has filed with the Trustee notice of any objection to the transactions as so adjusted, the adjusted report shall become a final report as between the Trustee, the Company, the Bank, the Committee and the Participants and Beneficiaries.
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Trustee Statements. (a) The Trustee shall render to the Bank and the Committee monthly statements of its receipts and disbursements as Trustee hereunder. Within 60 days after the close of each calendar year or any termination of the duties of the Trustee, the Trustee shall prepare, sign and mail to each of the Bank and the Committee one or more summary reports. These reports shall show all purchases, sales, receipts, disbursements, and other transactions effected by the Trustee during the year or period for which the applicable report or reports are filed, and shall contain an exact description, the cost as shown on the Trustee's books, and the fair market value as of the end of such period, of every item held in the Trust and the amount and nature of every obligation owed by the Trust, and information concerning the status of any Valid Claims remaining outstanding and unsatisfied at the end of such period. The Trustee shall make a copy of such reports (or any adjustment thereof) available for inspection by Participants and Beneficiaries (and persons designated by them) at its principal executive office in New York City during business hours for a period of 60 days (30 days in the
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Trustee Statements. 20 6.4 Audit...............................................21 6.5
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Trustee Statements. (a) The Trustee shall render to the Company quarterly statements of its receipts and disbursements as Trustee hereunder. Within 90 days after the close of each calendar year or any termination of the duties of the Trustee, the Trustee shall prepare, sign and mail in duplicate to the Company an account of its acts and transactions as Trustee hereunder. If the Trustee files an account while the Company is Insolvent, the Company shall notify each of its creditors to whom it owes $1,000,000.00 or more that the account has been filed. In the event of Insolvency of the Company, the Company shall make a copy of such account (or any adjustment thereof) available for inspection by creditors of the Company, at its principal executive office during ordinary business hours for a period of 60 days (30 days in the case of an adjusted account). If within 90 days after receipt of the account neither the Company nor, in the event of Insolvency, any creditor of the insolvent entity has filed with the Trustee notice of any objection to any act or transaction of the Trustee, the initial account shall become an account stated as between the Trustee, the Company, and all persons having or claiming to have an interest in the Trust Fund. If any objection has been filed, and if the objecting party is satisfied that it should be withdrawn, the objecting party shall in a writing filed with the Trustee signify its approval of the accounts, and it shall become an account stated as between the Trustee, the Company, and all persons having or claiming to have an interest in the Trust Fund. If the account is adjusted following an objection thereto, the Trustee
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Related to Trustee Statements

  • Statements to Certificateholders; Certain Reports by the Master Servicer and the Special Servicer (a) Based on loan-level information received from the Master Servicer and any other applicable Persons, on each Distribution Date, the Certificate Administrator shall provide or make available a report, including reports in substantially the form attached hereto as Exhibit D (the “Distribution Date Statement”), setting forth, among other things, the following information:

  • Reports to the Trustee; Collection Account Statements Not later than twenty days after each Distribution Date, the Servicer shall forward, upon request, to the Trustee and the Depositor the most current available bank statement for the Collection Account. Copies of such statement shall be provided by the Trustee to any Certificateholder and to any Person identified to the Trustee as a prospective transferee of a Certificate, upon request at the expense of the requesting party, provided such statement is delivered by the Servicer to the Trustee.

  • Statements to Master Servicer Not later than the Reporting Date of each month, the Servicer shall furnish to the Master Servicer a monthly remittance advice, with a trial balance report attached thereto, in the form of Exhibit D-1 annexed hereto, together with a delinquency report in the form of Exhibit D-2 annexed hereto, in hard copy and electronic medium mutually acceptable to the parties as to the period ending on the Record Date in the preceding calendar month. Such monthly remittance advice shall also be accompanied with a supplemental report provided to the Master Servicer and any other party designated by the Master Servicer which includes on an aggregate basis for the previous Due Period (i) the amount of claims filed under PMI Policies and LPMI Policies, (ii) the amount of any claim payments made under PMI Policies and LPMI Policies, (iii) the amount of claims denied or curtailed under PMI Policies and LPMI Policies and (iv) PMI Policies canceled with respect to those Mortgage Loans covered by any PMI Policy purchased by the Owner. With respect to any month in which the Servicer is servicing both Reconstituted Mortgage Loans and Mortgage Loans that have not been subject to a Reconstitution, the Servicer shall submit all information required hereunder in two (2) separate reports, one relating to Reconstituted Mortgage Loans and one relating to all Mortgage Loans that are not then subject to a Reconstitution. Upon reasonable advance notice, the Servicer shall provide to any Owner that is a savings and loan association, a bank, an insurance company or other regulated or supervised entity reports and access to information and documentation regarding the Mortgage Loans and the transactions contemplated hereby sufficient to permit the Owner to comply with the applicable regulations of relevant regulatory or supervisory authorities with respect to its investment in the Mortgage Loans and the Owner's internal and third-party audit requirements. The Servicer shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority or to any Owner pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide each Owner and the Master Servicer with such information concerning the Mortgage Loans as is necessary for such Owner to prepare its federal income tax return as any Owner or the Master Servicer may reasonably request from time to time.

  • Certain Special Servicer Reports (a) The Special Servicer, for each Specially Serviced Mortgage Loan, shall provide to the Master Servicer and the Paying Agent one (1) Business Day after the Determination Date for each month, the CMSA Special Servicer Loan File in such electronic format as is mutually acceptable to the Master Servicer and the Special Servicer and in CMSA format. The Master Servicer and the Paying Agent may use such reports or information contained therein to prepare its reports and the Master Servicer may, at its option, forward such reports directly to the Depositor and the Rating Agencies.

  • Periodic Reports to Property Trustee Each of the Depositor and the Administrators on behalf of the Issuer Trust shall provide to the Property Trustee, the Commission and the Holders of the Trust Securities, as applicable, such documents, reports and information as required by Section 314(a)(1)-(3) (if any) of the Trust Indenture Act and the compliance certificates required by Section 314(a)(4) and (c) of the Trust Indenture Act (provided that any certificate to be provided pursuant to Section 314(a)(4) of the Trust Indenture Act shall be provided within 120 days of the end of each fiscal year of the Issuer Trust).

  • Reports to the Trustee; Certificate Account Statement Not later than 15 days after each Distribution Date, the Master Servicer shall forward a statement, certified by a Servicing Officer, to the Trustee setting forth the status of the Certificate Account as of the close of business on such Distribution Date and showing, for the period covered by such statement, the aggregate of deposits into and withdrawals from the Certificate Account for each category of deposit specified in Section 3.04 and each category of withdrawal specified in Section 3.05, and stating that all distributions required by this Agreement have been made (or if any required distribution has not been made, specifying the nature and amount thereof). The Trustee shall make available such statements to any Certificateholder upon request at the expense of the Master Servicer. Such statement shall also, to the extent available, include information regarding delinquencies on the Mortgage Loans, indicating the number and aggregate Principal Balance of Mortgage Loans which are one, two, three or more months delinquent, the number and aggregate Principal Balance of Mortgage Loans with respect to which foreclosure proceedings have been initiated and the book value of any Mortgaged Property acquired by the Trust through foreclosure, deed in lieu of foreclosure or other exercise of the Trust's security interest in the Mortgaged Property.

  • Servicing Reports Seller shall deliver and cause each Servicer to deliver to Buyer and Custodian a monthly remittance report on or before the second Business Day immediately preceding each monthly Remittance Date containing servicing information, including those fields reasonably requested by Buyer from time to time, on an asset by asset and in the aggregate, with respect to the Purchased Assets for the month (or any portion thereof) before the date of such report

  • Distributions in Respect of Certificates Payments to Certificateholders Statements and Reports Section 4.01. Distributions Section 4.02. Allocation of Realized Losses Section 4.03. Paying Agent Section 4.04.

  • Trust Accounts Distributions Statements to Noteholders SECTION 5.1.

  • Statements to Purchaser Not later than the tenth calendar day of the month, the Company shall furnish in an agreed upon electronic format to the Purchaser or its designee, a monthly, loan level, scheduled remittance advice, trial balance report and payment and payoff activity detail, as to the preceding remittance and the period ending on the last day of the preceding month.

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