Common use of Remittance Reports; Advances Clause in Contracts

Remittance Reports; Advances. (a) On the second Business Day following each Determination Date but in no event later than the 22nd day of the each month (or if such 22nd day is not a Business Day, the preceding Business Day), the Master Servicer shall deliver to the Trustee 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 22nd day of each month (or if such 22nd 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.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (Asset Backed Certificates Series 2001-Ff2), Pooling and Servicing Agreement (Option One Mort Accept Corp Asset Backed Cert Series 2000-3), Pooling and Servicing Agreement (Financial Assets Sec Corp First Frank Mort Ln Tr 2002-Ff1)

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Remittance Reports; Advances. (a) On the second Business Day following each Determination Date but in no event later than the 22nd 20th day of the each month (or if such 22nd 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 Servicer, the NIMS Insurer and the Trustee may agree from time to time) a Remittance Report with respect to the related Distribution Date. Not later than On the 22nd day of each month (or if such 22nd day is not a Business Day, the preceding Business Day)same date, the Master Servicer shall deliver or cause to be delivered electronically forward to the Trustee in addition such medium as may be agreed between the Master Servicer and the Trustee the information set forth in such Remittance Report with respect to the information provided on the Remittance Report, related Distribution Date and such other information reasonably available to it with respect to the Mortgage Loans as Master Servicer necessary in order for the Trustee may reasonably require to perform the calculations necessary to make the distributions contemplated by Section 4.01 4.01, 4.02 and 4.03 and to prepare the statements to Certificateholders contemplated by Section 4.03Distribution Date Statement. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Master Servicer.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Abfc Asset-Backed Certificates Series 2004-Opt2), Pooling and Servicing Agreement (Asset-Backed Funding Corp. ABFC Asset Backed Certificates, Series 2004-Opt4), Pooling and Servicing Agreement (Asset Backed Funding Corp. ABFC Asset Backed Certificates Series 2004-Opt3)

Remittance Reports; Advances. (a) On the second Business Day following each Determination Date but in no event later than the 22nd 20th day of the each month (or if such 22nd 20th day is not a Business Day, the preceding Business Day), the Master Servicer shall deliver to the Trustee 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 22nd 20th day of each month (or if such 22nd 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. In addition, the Servicer will provide to the Depositor, on a monthly basis, information regarding the Mortgage Loans reasonably requested by the Depositor.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp First Franklin Mort Ln Tr 03 Ff1), Pooling and Servicing Agreement (Financial Asset Sec Corp First Frank Mort Ln Tr 2002-Ff2), Pooling and Servicing Agreement (Financial Asset Secs Corp First Franklin Mort Ln Tr 2002-Ff4)

Remittance Reports; Advances. (a) On the second Business Day following each Determination Date but in no event Not later than the 22nd eighteenth day of the each calendar month (or if such 22nd eighteenth day is not a Business Day, the preceding following 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 22nd eighteenth day of each calendar month (or if such 22nd eighteenth day is not a Business Day, the preceding following 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.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Mastr Asset Backed Securities Trust 2004-Wmc2), Pooling and Servicing Agreement (Mortgage Asset Securitization Transactions, Inc. Mortgage Pass-Through Certificates, Series 2004-Wmc3)

Remittance Reports; Advances. (a) On the second Business Day following each Determination Date but in no event Not later than the 22nd eighteenth day of the each calendar month (or if such 22nd eighteenth day is not a Business Day, the preceding following Business Day), the Master Servicer shall deliver to the Trustee Trustee, the Credit Risk Manager 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 22nd eighteenth day of each calendar month (or if such 22nd eighteenth day is not a Business Day, the preceding following 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.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Mortgage Asset Securitization Transactions Inc), Pooling and Servicing Agreement (Mastr Alternative Loan Trust 2005-Nc1)

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Remittance Reports; Advances. (a) On the second Business Day following each Determination Date but in no event Not later than the 22nd seventeenth day of the each calendar month (or if such 22nd seventeenth day is not a Business Day, the preceding following Business Day), the Master Servicer shall deliver to the Trustee Trustee, the Credit Risk Manager 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 22nd seventeenth day of each calendar month (or if such 22nd seventeenth day is not a Business Day, the preceding following 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.

Appears in 1 contract

Samples: Distribution Instructions (MASTR Asset Backed Securities Trust 2005-Nc2)

Remittance Reports; Advances. (a) On the second Business Day following each Determination Date but in no event later than the 22nd day of the each month (or if such 22nd day is not a Business Day, the preceding Business Day), the Master Servicer shall deliver to the Trustee 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 22nd day of each month (or if such 22nd 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Option One Mortgage Acceptance Corp Ass Back Cert Ser 2000 4)

Remittance Reports; Advances. (a) On the second Business Day following each Determination Date but in no event Not later than the 22nd eighteenth day of the each month (calendar month, or if such 22nd eighteenth day is not a Business Day, the preceding following 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 22nd eighteenth day of each month (calendar month, or if such 22nd eighteenth day is not a Business Day, the preceding following 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Mastr Asset Backed Securities Trust 2004-Fre1)

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