Common use of Portfolio Performance Data Clause in Contracts

Portfolio Performance Data. On the first Reporting Date of each calendar month, Sellers will furnish to Administrative Agent (i) in the event the Seasoned Mortgage Loans are serviced on a “retained” basis, an electronic Purchased Mortgage Loan and Contributed Asset performance data for Seasoned Mortgage Loans, including, without limitation, delinquency reports and volume information, broken down by product (i.e., delinquency, foreclosure and net charge-off reports) and (ii) electronically, in a format mutually acceptable to Administrative Agent and Sellers, servicing information, including, without limitation, those fields reasonably requested by Administrative Agent from time to time, on a loan-by-loan basis and in the aggregate, with respect to the Purchased Mortgage Loans serviced by any Seller or any Servicer for the month (or any portion thereof) prior to the Reporting Date and, with respect to Seasoned Mortgage Loans and Contributed Assets, the current BPO and the current BPO date. In addition to the foregoing information on each Reporting Date, Sellers will furnish to Administrative Agent such information upon (i) the occurrence and continuation of an Event of Default and (ii) upon any Purchased Mortgage Loan becoming an Aged Loan.

Portfolio Performance Data. On the first Reporting Date of each calendar month, Sellers will furnish to Administrative Agent Buyer (i) in the event the Seasoned Mortgage Loans are serviced on a “retained” basis, an electronic Purchased Mortgage Loan and Contributed Asset performance data for Seasoned Mortgage Loans, including, without limitation, delinquency reports and volume information, broken down by product (i.e., delinquency, foreclosure and net charge-off reports) and (ii) electronically, in a format mutually acceptable to Administrative Agent Buyer and Sellers, servicing information, including, without limitation, those fields reasonably requested by Administrative Agent Buyer from time to time, on a loan-by-loan basis and in the aggregate, with respect to the Purchased Mortgage Loans serviced by any Seller or any Servicer for the month (or any portion thereof) prior to the Reporting Date and, with respect to Seasoned Mortgage Loans and Contributed Assets, the current BPO and the current BPO date. In addition to the foregoing information on each Reporting Date, Sellers will furnish to Administrative Agent Buyer such information upon (i) the occurrence and continuation of an Event of Default and (ii) upon any Purchased Mortgage Loan becoming an Aged Loan or Aged New Origination Performing Loan.