Master Servicer Reports Sample Clauses

Master Servicer Reports. To the extent the Master Servicer receives timely information from each Servicer not later than 2:00 p.m. Boston, Massachusetts time two Business Days prior to each Distribution Date, the Master Servicer shall deliver or cause to be delivered to the Trustee, the Seller and the Depositor the related Master Servicer’s Monthly Report which shall contain (i) a summary report of Mortgage Loan payment activity for such month, (ii) delinquency summary reports for Mortgage Loans with respect to which scheduled payments due in such month were not made, (iii) an itemization by category of all amounts to be paid on the Distribution Date, (iv) the aggregate principal balance of all Foreclosure Restricted Loans that are subject to foreclosure proceedings in such month (to the extent such information is required to be reported and is reported by the Servicer to the Master Servicer) and (v) such other information as is necessary for the Trustee to report items in Sections 6.08(a) and (b); provided, however, that the Master Servicer shall provide the information detailed in clauses (iii), (iv) and (v) above with respect to the assets of the Trust Fund other than the Mortgage Loans only to the extent that it receives such information in a timely manner from the parties that are required to provide such information to the Master Servicer. In the event the Master Servicer does not receive timely information from each Servicer, the Master Servicer shall deliver or cause to be delivered the Master Servicer’s Monthly Report to the Trustee within one Business Day following the Master Servicer’s receipt of the necessary information.
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Master Servicer Reports. To the extent the Master Servicer receives timely information from each Servicer not later than 2:00 p.m. Charlotte, North Carolina time two Business Days prior to each Distribution Date, the Master Servicer shall deliver or cause to be delivered to the Trustee, the Seller and the Depositor the related Master Servicer’s Monthly Report which shall contain (i) a summary report of Mortgage Loan payment activity for such month, (ii) delinquency summary reports for Mortgage Loans with respect to which scheduled payments due in such month were not made, (iii) an itemization by category of all amounts to be paid on the Distribution Date, (iv) the aggregate principal balance of all Foreclosure Restricted Loans that are subject to foreclosure proceedings in such month and (v) such other information as is necessary for the Trustee to report items in Sections 6.08(a) and (b); provided, however, that the Master Servicer shall provide the information detailed in clauses (iii), (iv) and (v) above with respect to the assets of the Trust Fund other than the Mortgage Loans only to the extent that it receives such information in a timely manner from the parties that are required to provide such information to the Master Servicer. In the event the Master Servicer does not receive timely information from each Servicer, the Master Servicer shall deliver or cause to be delivered the Master Servicer’s Monthly Report to the Trustee within one Business Day following the Master Servicer’s receipt of the necessary information.
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Master Servicer Reports. Section 5.28. Annual Officer’s Certificate as to Compliance. 85 Section 5.29. Annual Independent Accountants’ Servicing Report. 86 Section 5.30. Merger or Consolidation. 87 Section 5.31. [Reserved] Section 5.32. Assignment or Delegation of Duties by the Master Servicer. 87 Section 5.33. Limitation on Liability of the Master Servicer and Others. 87 ARTICLE VI [RESERVED] 88
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Master Servicer Reports. Section 4.28. Annual Officer’s Certificate as to Compliance. 86
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Master Servicer Reports. Not later than 12:00 ----------------------- noon Pacific time on the fifteenth calendar day of each month (or the immediately preceding Business Day if such calendar day is not a Business Day), the Master Servicer shall deliver or cause to be delivered to the Trustee the related Master Servicer's Monthly Report on computer readable magnetic tape or diskette in a mutually agreed upon format. This report shall also contain (i) a summary report of Mortgage Loan payment activity for such month, (ii) exception payment reports for Mortgage Loans with respect to which scheduled payments due in such month were not made, (iii) an itemization by category of all amounts to be paid on the Distribution Date, and (iv) a trial balance in the form of a computer tape. Not later than 12:00 noon Pacific time on the eighteenth calendar day of each month (or the immediately succeeding business day if such calendar day falls on a Saturday or Sunday or a holiday) (each a "REPORT DATE"), the Master Servicer shall deliver or cause to be delivered to the Trustee such Master Servicer's Monthly Report on computer readable magnetic tape or diskette such information as is necessary for the Trustee to report items in 6.08(b).
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Master Servicer Reports. 37 ARTICLE IV- ACCOUNTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Section 4.01. Protected Accounts . . . . . . . . . . . . . . . . . . 39 Section 4.02. Certificate Account . . . . . . . . . . . . . . . . . . 41 Section 4.03. Permitted Withdrawals and Transfers from the Certificate Account . . . . . . . . . . . . . . . . 42 Section 4.04 Buydown Fund Accounts . . . . . . . . . . . . . . . . . 45 Page ---- ARTICLE V - CERTIFICATES . . . . . . . . . . . . . . . . . . . . . . . . . . 46 Section 5.01. The Certificates . . . . . . . . . . . . . . . . . . . 46 Section 5.02. Certificates Issuable in Series; Authorized Denominations . . . . . . . . . . . . . . . . . . . 46 Section 5.03. Registration of Transfer and Exchange of Certificates . . . . . . . . . . . . . . . . . . . . 47 Section 5.04. Mutilated, Destroyed, Lost or Stolen Certificates . . . 47 Section 5.05. Persons Deemed Owners . . . . . . . . . . . . . . . . . 48 Section 5.06. Office for Transfer of Certificates . . . . . . . . . . 48
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Master Servicer Reports. (a) On or before the Determination Date, each Master Servicer shall provide to the Certificate Trustee, with respect to the Mortgage Loans such Master Servicer services and the Mortgage Loans in each Mortgage Loan Group and the related REO Property, respectively, a Master Servicer Report in such electronic format as the Certificate Trustee may reasonably request and in such hardcopy format as each Master Servicer and the Certificate Trustee shall agree which, if there are sub-servicers, shall be based upon reports from sub- servicers, if any, received by a Master Servicer on or before the seventh Business Day of such month with respect to the related Mortgage Loans and related REO Property in each Mortgage Loan Group and containing the following information (in respect of the REO Property, only such information which is applicable) (provided that the information marked with an "*" below may be provided by a Master Servicer solely in a hardcopy format):
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Master Servicer Reports. Section 4.28. Annual Officer’s Certificate as to Compliance. 88 Section 4.29. Annual Independent Accountants’ Servicing Report. 88 Section 4.30. Merger or Consolidation. Section 4.31. Reports filed with the Securities and Exchange Commission. 89 Section 4.32. Assignment or Delegation of Duties by the Master Servicer. 90 Section 4.33. Limitation on Liability of the Master Servicer and Others. 90 Section 4.34. Transfer of Servicing. 91 Section 4.35. Master Servicer Exchange Act Reporting Requirements. 92 ARTICLE V THE CERTIFICATES 92 Section 5.01. The Certificates. 92 Section 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates. 93 Section 5.03. [Reserved] 98 Section 5.04. Mutilated, Destroyed, Lost or Stolen Certificates. 98 Section 5.05. Persons Deemed Owners. 98 Section 5.06. Access to List of Certificateholders’ Names and Addresses. 98 Section 5.07. Maintenance of Office or Agency. 98 ARTICLE VI DEPOSITS AND DISTRIBUTIONS 99
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Related to Master Servicer Reports

  • 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.

  • Remittance Reports; Advances (a) On the second Business Day following each Determination Date but in no event later than the earlier of (i) such date which would allow the indenture trustee to submit a claim to the NIMS Insurer under the Indenture so as to allow a timely payment by the NIMS Insurer under the insurance policy related to the notes insured by the NIMS Insurer and (ii) the 20th day of each month (or if such 20th day is not a Business Day, the preceding Business Day), the Master Servicer shall deliver to the Trustee and the NIMS Insurer by telecopy or electronic mail (or by such other means as the Master Servicer and the Trustee may agree from time to time) a Remittance Report with respect to the related Distribution Date. Not later than the 20th day of each month (or if such 20th day is not a Business Day, the preceding Business Day), the Master Servicer shall deliver or cause to be delivered to the Trustee in addition to the information provided on the Remittance Report, such other information reasonably available to it with respect to the Mortgage Loans as the Trustee may reasonably require to perform the calculations necessary to make the distributions contemplated by Section 4.01 and to prepare the statements to Certificateholders contemplated by Section 4.03. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Master Servicer.

  • Annual Servicing Report By the date in each year specified in the Adoption Annex, beginning on the date specified in the Adoption Annex, the Master Servicer, at its expense, shall cause a firm of nationally recognized independent public accountants (who may also render other services to the Master Servicer) to furnish a report to the Indenture Trustee, the Credit Enhancer, and each Rating Agency to the effect that the firm has examined certain documents and records relating to the servicing of mortgage loans during the most recent fiscal year then ended under sale and servicing agreements or pooling and servicing agreements (substantially similar to this Agreement, including this Agreement), that the examination was conducted substantially in compliance with the audit guide for audits of non-supervised mortgagees approved by the Department of Housing and Urban Development for use by independent public accountants (to the extent that the procedures in the audit guide are applicable to the servicing obligations in those agreements), and that the examination has disclosed no items of noncompliance with this Agreement that, in the opinion of the firm, are material, except for the items of noncompliance described in the report.

  • Servicer Representative The Servicer will designate one or more representatives who will be available to assist the Asset Representations Reviewer in performing the Review, including responding to requests and answering questions from the Asset Representations Reviewer about access to Review Materials on the Servicer’s originations, receivables or other systems, obtaining missing or insufficient Review Materials and/or providing clarification of any Review Materials or Tests.

  • Right to Examine Servicer Records The Owner shall have the right to examine and audit any and all of the books, records, or other information of the Servicer, whether held by the Servicer or by another on its behalf, with respect to or concerning this Agreement or the Mortgage Loans, during business hours or at such other times as may be reasonable under applicable circumstances, upon reasonable advance notice.

  • Remittance Reports; P&I Advances (a) On the second Business Day prior to the related Distribution Date, the Master Servicer shall deliver to the Trust Administrator, the Paying Agent and the Trustee by telecopy (or by such other means as the Master Servicer, the Paying Agent and the Trust Administrator and the Trustee may agree from time to time) a Remittance Report with respect to the related Distribution Date. Such Remittance Report will include (i) the amount of P&I Advances to be made by the Master Servicer in respect of the related Distribution Date, the aggregate amount of P&I Advances outstanding after giving effect to such P&I Advances, and the aggregate amount of Nonrecoverable P&I Advances in respect of such Distribution Date and (ii) such other information with respect to the Mortgage Loans as the Trust Administrator or the Paying Agent may reasonably require to perform the calculations necessary for the Paying Agent to make the distributions contemplated by Section 4.01 and for the Trust Administrator to prepare the statements to Certificateholders contemplated by Section 4.02; provided, however, that if the Master Servicer is not the Trust Administrator, the Master Servicer will forward to the successor Trust Administrator the information set forth in clause (i) above on the next Business Day following the latest related Determination Date and the information set forth in clause (ii) above on the fifth Business Day following the last day of the related calendar month. Neither the Trustee, the Paying Agent nor the Trust Administrator shall be responsible to recompute, recalculate or verify any information provided to it by the Master Servicer.

  • Monthly Statements to Certificateholders (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor and each Rating Agency a statement setting forth with respect to the related distribution:

  • Monthly Servicer’s Certificate On or before the Determination Date immediately preceding each Distribution Date, the Servicer shall deliver to the Depositor, the Seller, the Owner Trustee, the Indenture Trustee and each Paying Agent, with a copy to the Rating Agencies, a certificate of a Servicing Officer substantially in the form of Exhibit A (a “Servicer’s Certificate”) and attached to a Servicer’s report containing all information necessary to make the transfers and distributions pursuant to Sections 4.5, 4.6 and 4.7, together with the written statements to be furnished by the Indenture Trustee to the Certificateholders pursuant to Section 4.9 and by the Indenture Trustee to the Noteholders pursuant to Section 4.9 and pursuant to Section 6.6 of the Indenture. The Servicer shall separately identify (by account number) in a written notice to the Depositor, the Owner Trustee and the Indenture Trustee the Receivables to be repurchased by the Depositor or to be purchased by the Servicer, as the case may be, on the Business Day preceding such Distribution Date, and, upon request of one of the foregoing parties, each Receivable which became a Defaulted Receivable during the related Collection Period. The Servicer shall deliver to the Rating Agencies any information, to the extent it is available to the Servicer, that the Rating Agencies reasonably request (and the initial Servicer shall specify in writing to the successor Servicer any such requests that remain unsatisfied during the servicing transition to the successor Servicer) in order to monitor the Trust.

  • Transfer of Servicing Between Master Servicer and Special Servicer; Record Keeping (a) Upon determining that any Serviced Loan has become a Specially Serviced Loan, the Master Servicer shall promptly give written notice thereof to the Special Servicer, any related Serviced Companion Loan Holder (in the case of a Serviced Loan Combination), the Operating Advisor, the Certificate Administrator, the Trustee, the related Directing Holder (prior to the occurrence and continuance of a Consultation Termination Event with respect to the related Mortgage Loan) and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider and shall promptly deliver a copy of the Servicing File to the Special Servicer and concurrently provide a copy of such Servicing File to the Operating Advisor and shall use its reasonable efforts to provide the Special Servicer with all information, documents (but excluding the original documents constituting the Mortgage File, but including copies thereof) and records (including records stored electronically on computer tapes, magnetic discs and the like) relating to such Serviced Loan and reasonably requested by the Special Servicer to enable it to assume its duties hereunder with respect thereto without acting through a Sub-Servicer. The Master Servicer shall use its reasonable efforts to comply with the preceding sentence within five (5) Business Days of the date such Serviced Loan became a Specially Serviced Loan and in any event shall continue to act as Master Servicer and administrator of such Serviced Loan until the Special Servicer has commenced the servicing of such Serviced Loan, which shall occur upon the receipt by the Special Servicer of the Servicing File. With respect to each such Serviced Loan that becomes a Specially Serviced Loan, the Master Servicer shall instruct the related Mortgagor to continue to remit all payments in respect of such Serviced Loan to the Master Servicer. The Master Servicer shall forward any notices it would otherwise send to the Mortgagor of such a Specially Serviced Loan to the Special Servicer who shall send such notice to the related Mortgagor. Upon determining that a Specially Serviced Loan has become a Corrected Loan, the Special Servicer shall promptly give written notice thereof to the Master Servicer, the Trustee, the Operating Advisor, the Certificate Administrator, any related Serviced Companion Loan Holder, the related Directing Holder (prior to the occurrence and continuance of a Consultation Termination Event with respect to the related Mortgage Loan) and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider and, upon giving such notice and the return of the Servicing File to the Master Servicer, such Serviced Loan shall cease to be a Specially Serviced Loan in accordance with the first proviso of the definition of Specially Serviced Loans, the Special Servicer’s obligation to service such Serviced Loan shall terminate and the obligations of the Master Servicer to service and administer such Serviced Loan as a Serviced Loan that is not a Specially Serviced Loan shall resume. In addition, if the related Mortgagor has been instructed, pursuant to the preceding paragraph, to make payments to the Special Servicer, upon such determination, the Special Servicer shall instruct the related Mortgagor to remit all payments in respect of such Specially Serviced Loan directly to the Master Servicer.

  • Payments and Statements to Certificateholders Remic Administration Section 5.01 Distributions On each Distribution Date, based solely on the information in the Servicer's Certificate, the Trustee shall distribute out of the Certificate Account (to the extent funds are available therein) to each Certificateholder of record on the related Record Date (other than as provided in Section 10.01 respecting the final distribution) (a) by check mailed to such Certificateholder entitled to receive a distribution on such Distribution Date at the address appearing in the Certificate Register, or (b) upon written request by the Holder of a Regular Certificate or a Class A-PO Certificate, by wire transfer or by such other means of payment as such Certificateholder and the Trustee shall agree upon, such Certificateholder's Percentage Interest in the amount to which the related Class of Certificates is entitled in accordance with the priorities set forth below in Section 5.02; provided, however, that distributions of principal to the Special Retail Certificates shall be made as described in Section 5.09. Notwithstanding the foregoing, the distribution to the Holders of the Class SES Certificates shall be reduced by the amount of the Class SES Compensating Interest for such Distribution Date. None of the Holders of any Class of Certificates, the Depositor, the Servicer or the Trustee shall in any way be responsible or liable to Holders of any Class of Certificates in respect of amounts properly previously distributed on any such Class. Amounts distributed with respect to any Class of Certificates (other than any Ancillary Income distributed with respect to the Class SES Certificates) shall be applied first to the distribution of interest thereon and then to principal thereon.

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