Common use of Financial Statements; Servicing Facilities Clause in Contracts

Financial Statements; Servicing Facilities. So long as any Mortgage Loan is being serviced hereunder and for a reasonable period after servicing has been transferred, in connection with marketing the Mortgage Loans, the Owner may make available to a prospective Owner a Consolidated Statement of Operations of the Servicer for the most recently completed three fiscal years for which such a statement is available, as well as a Consolidated Statement of Condition at the end of the last two fiscal years covered by such Consolidated Statement of Operations. The Servicer also shall make available any comparable interim statements to the extent any such statements have been prepared by or on behalf of the Servicer (and are available upon request to members or stockholders of the Servicer or to the public at large). If it has not already done so, the Servicer shall furnish promptly to the Owner copies of the statement specified above. So long as any Mortgage Loan is being serviced hereunder and for a reasonable period after servicing has been transferred, the Servicer shall make available to the Owner or any prospective Owner a knowledgeable financial or accounting officer for the purpose of answering questions respecting recent developments affecting the Servicer or the financial statements of the Servicer, and to permit any prospective Owner to inspect the Servicer’s servicing facilities for the purpose of satisfying such prospective Owner that the Servicer has the ability to service the Mortgage Loans as provided in this Agreement.

Appears in 10 contracts

Samples: Flow Servicing Agreement (GreenPoint Mortgage Funding Trust 2006-Oh1), Flow Servicing Agreement (GSR 2007-Oa2), Flow Servicing Agreement (GSR Mortgage Loan Trust 2007-Oa1)

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Financial Statements; Servicing Facilities. So long as any Mortgage Loan is are being serviced hereunder and for a reasonable period after servicing has been transferred, in connection with marketing the Mortgage Loans, the Owner may make available to a prospective Owner a Consolidated Statement of Operations of the Servicer for the most recently completed three fiscal years for which such a statement is available, as well as a Consolidated Statement of Condition at the end of the last two fiscal years covered by such Consolidated Statement of Operations. The Servicer also shall make available any comparable interim statements to the extent any such statements have been prepared by or on behalf of the Servicer (and are available upon request to members or stockholders of the Servicer or to the public at large). If it has not already done so, the Servicer shall furnish promptly to the Owner copies of the statement specified above. So long as any Mortgage Loan is are being serviced hereunder and for a reasonable period after servicing has been transferred, the Servicer shall make available to the Owner or any prospective Owner a knowledgeable financial or accounting officer for the purpose of answering questions respecting recent developments affecting the Servicer or the financial statements of the Servicer, and to permit any prospective Owner to inspect the Servicer’s servicing facilities for the purpose of satisfying such prospective Owner that the Servicer has the ability to service the Mortgage Loans as provided in this Agreement.

Appears in 3 contracts

Samples: Flow Servicing Agreement (GSR Mortgage Loan Trust 2006-2f), Flow Servicing Agreement (GSR 2006-5f), Flow Servicing Agreement (GSR 2006-4f)

Financial Statements; Servicing Facilities. So long as any Mortgage Loan is are being serviced hereunder and for a reasonable period after servicing has been transferred, in connection with marketing the Mortgage Loans, the Owner may make available to a prospective Owner a Consolidated Statement of Operations of the Servicer for the most recently completed three fiscal years for which such a statement is available, as well as a Consolidated Statement of Condition at the end of the last two fiscal years covered by such Consolidated Statement of Operations. The Servicer also shall make available any comparable interim statements to the extent any such statements have been prepared by or on behalf of the Servicer (and are available upon request to members or stockholders of the Servicer or to the public at large). If it has not already done so, the Servicer shall furnish promptly to the Owner copies of the statement specified above. So long as any Mortgage Loan is are being serviced hereunder and for a reasonable period after servicing has been transferred, the Servicer shall make available to the Owner or any prospective Owner a knowledgeable financial or accounting officer for the purpose of answering questions respecting recent developments affecting the Servicer or the financial statements of the Servicer, and to permit any prospective Owner to inspect the Servicer’s 's servicing facilities for the purpose of satisfying such prospective Owner that the Servicer has the ability to service the Mortgage Loans as provided in this Agreement.

Appears in 2 contracts

Samples: Flow Servicing Agreement (GSAA Home Equity Trust 2006-4), Flow Servicing Agreement (GSAA Home Equity Trust 2006-3)

Financial Statements; Servicing Facilities. So long as any Mortgage Loan is are being serviced hereunder and for a reasonable period after servicing has been transferred, in connection with marketing the Mortgage Loans, the Owner Purchaser may make available to a prospective Owner Purchaser a Consolidated Statement of Operations of the Interim Servicer for the most recently completed three fiscal years for which such a statement is available, as well as a Consolidated Statement of Condition at the end of the last two fiscal years covered by such Consolidated Statement of Operations. The Interim Servicer also shall make available any comparable interim statements to the extent any such statements have been prepared by or on behalf of the Interim Servicer (and are available upon request to members or stockholders of the Interim Servicer or to the public at large). If it has not already done so, the Interim Servicer shall furnish promptly to the Owner Purchaser copies of the statement specified above. So long as any Mortgage Loan is are being serviced hereunder and for a reasonable period after servicing has been transferred, the Interim Servicer shall make available to the Owner Purchaser or any prospective Owner Purchaser a knowledgeable financial or accounting officer for the purpose of answering questions respecting recent developments affecting the Interim Servicer or the financial statements of the Interim Servicer, and to permit any prospective Owner Purchaser to inspect the Interim Servicer’s 's servicing facilities for the purpose of satisfying such prospective Owner Purchaser that the Interim Servicer has the ability to service the Mortgage Loans as provided in this Agreement.

Appears in 1 contract

Samples: Trust Agreement (New Century Alternative Mortgage Loan Trust 2006-Alt2)

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Financial Statements; Servicing Facilities. So long as any Mortgage Loan is are being serviced hereunder and for a reasonable period after servicing has been transferred, in connection with marketing the Mortgage Loans, the Owner Purchaser may make available to a prospective Owner Purchaser a Consolidated Statement of Operations of the Interim Servicer for the most recently completed three fiscal years for which such a statement is available, as well as a Consolidated Statement of Condition at the end of the last two fiscal years covered by such Consolidated Statement of Operations. The Interim Servicer also shall make available any comparable interim statements to the extent any such statements have been prepared by or on behalf of the Interim Servicer (and are available upon request to members or stockholders of the Interim Servicer or to the public at large). If it has not already done so, the Interim Servicer shall furnish promptly to the Owner Purchaser copies of the statement specified above. So long as any Mortgage Loan is are being serviced hereunder and for a reasonable period after servicing has been transferred, the Interim Servicer shall make available to the Owner Purchaser or any prospective Owner Purchaser a knowledgeable financial or accounting officer for the purpose of answering questions respecting recent developments affecting the Interim Servicer or the financial statements of the Interim Servicer, and to permit any prospective Owner Purchaser to inspect the Interim Servicer’s servicing facilities for the purpose of satisfying such prospective Owner Purchaser that the Interim Servicer has the ability to service the Mortgage Loans as provided in this Agreement.

Appears in 1 contract

Samples: Flow Interim Servicing Agreement (GreenPoint Mortgage Funding Trust 2006-Oh1)

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