Common use of Remittance Reports; P&I Advances Clause in Contracts

Remittance Reports; P&I Advances. (a) No later than four Business Days prior to each Distribution Date, the Servicer shall deliver to the Trustee electronically (or such other means as the Servicer and the Trustee may agree from time to time) a Remittance Report with respect to each Mortgage Loan for the prior calendar month. In addition, no later than four Business Days prior to each Distribution Date, the Servicer shall deliver to the Trustee delinquency information with respect to each Mortgage Loan and P&I Advances including (i) the amount of P&I Advances to be made by the 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 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 4.02. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Remittance Reports; P&I Advances. (a) No later than four On the Business Days prior to Day following each Distribution Determination Date, the Master Servicer shall deliver to the Trustee electronically by telecopy (or by such other means as the Master Servicer and the Trustee may agree from time to time) a Remittance Report with respect to each Mortgage Loan for the prior calendar month. In addition, no later than four Business Days prior to each related Distribution Date. On the same date, the Master Servicer shall deliver forward to the Trustee delinquency by overnight mail a computer readable magnetic tape containing the information set forth in such Remittance Report with respect to each Mortgage Loan and P&I Advances including 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 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 4.02. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Master Servicer.

Remittance Reports; P&I Advances. (a) No later than four (4) Business Days prior to each Distribution Date, the Servicer shall deliver to the Trustee Securities Administrator electronically (or such other means as the Servicer and the Trustee Securities Administrator may agree from time to time) a Remittance Report with respect to each Mortgage Loan for the prior calendar month. In addition, no later than four Business Days prior to each Distribution Date, the Servicer shall deliver to the Trustee Securities Administrator delinquency information with respect to each Mortgage Loan and P&I Advances including (i) the amount of P&I Advances to be made by the 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 Trustee Securities Administrator 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 4.02. The Trustee Securities Administrator shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Remittance Reports; P&I Advances. (a) No later than four Business Days prior to each Distribution Date, the Servicer shall deliver to the Trustee electronically (or such other means as the Servicer and the Trustee may agree from time to time) a Remittance Report with respect to each Mortgage Loan for the prior calendar month. In addition, no later than four Business Days prior to each Distribution Date, the Servicer shall deliver to the Trustee delinquency information with respect to each Mortgage Loan and P&I Advances including (i) the amount of P&I Advances and Servicing Advances to be made by the Servicer in respect of the related Distribution Date, the aggregate amount of P&I Advances and Servicing Advances outstanding after giving effect to such P&I Advances and Servicing Advances, as applicable, and the aggregate amount of Nonrecoverable P&I Advances and Servicing Advances in respect of such Distribution Date and (ii) such other information 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 4.02. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Remittance Reports; P&I Advances. (a) No later than four Business Days prior to each Distribution Date, the Servicer shall deliver to the Trustee electronically (or such other means as the Servicer and the Trustee may agree from time to time) a Remittance Report with respect to each Mortgage Loan for the prior calendar month. In addition, no later than four Business Days prior to each Distribution Date, the Servicer shall deliver to the Trustee delinquency information with respect to each Mortgage Loan and P&I Advances including including: (i) the amount of P&I Advances to be made by the 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 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 4.02. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Remittance Reports; P&I Advances. (a) No later than four Business Days prior to each Distribution Date, the Servicer shall deliver to the Trustee electronically (or such other means as the Servicer and the Trustee may agree from time to time) a Remittance Report with respect to each Mortgage Loan for the prior calendar month. In addition, no later than four Business Days prior to each Distribution Date, the Servicer shall deliver to the Trustee delinquency information with respect to each Mortgage Loan and P&I Advances including (i) the amount of P&I Advances to be made by the 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 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 and FSA contemplated by Section 4.02. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Remittance Reports; P&I Advances. (a) No later than four Business Days five business days prior to each Distribution Date, the Servicer shall deliver to the Trustee electronically by telecopy (or such other means as the Servicer and the Trustee may agree from time to time) a Remittance Report with respect to each Mortgage Loan for the prior calendar month. In addition, no later than four Business Days five business days prior to each Distribution Date, Date the Servicer shall deliver to the Trustee delinquency information with respect to each Mortgage Loan and P&I Advances including including: (i) the amount of P&I Advances to be made by the 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 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 4.02. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Remittance Reports; P&I Advances. (a) No later than four Within three Business Days prior to after each Distribution Determination Date, the Servicer shall deliver to the Trustee electronically by telecopy (or such other means as the Servicer and the Trustee may agree from time to time) a Remittance Report with respect to each Mortgage Loan for the prior calendar month. In addition, no later than four within three Business Days prior to after each Distribution Date, Determination Date the Servicer shall deliver to the Trustee delinquency information with respect to each Mortgage Loan and P&I Advances including including: (i) the amount of P&I Advances to be made by the 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 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 4.02. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Remittance Reports; P&I Advances. (a) No later than four Within three Business Days prior to after each Distribution Determination Date, the Servicer shall deliver to the Trustee electronically and the NIMs Insurer by telecopy (or such other means as the Servicer and the Trustee may agree from time to time) a Remittance Report with respect to each Mortgage Loan for the prior calendar monthLoan. In addition, no later than four within three Business Days prior to after each Distribution Date, Determination date the Servicer shall deliver to the Trustee delinquency information with respect to each Mortgage Loan and P&I Advances including including: (i) the amount of P&I Advances to be made by the such 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 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 4.02. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the any Servicer.

Remittance Reports; P&I Advances. (a) No later than four On the Business Days prior to Day following each Distribution Determination Date, the Master Servicer shall deliver to the Trustee electronically by telecopy (or by such other means as the Master Servicer and the Trustee may agree from time to time) a Remittance Report with respect to each Mortgage Loan for the prior calendar month. In addition, no later than four Business Days prior to each related Distribution Date. On the same date, the Master Servicer shall deliver forward to the Trustee delinquency by overnight mail a computer readable magnetic tape containing the information set forth in such Remittance Report with respect to each Mortgage Loan and P&I Advances including 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 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 4.02. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.by

Remittance Reports; P&I Advances. (a) No later than four Business Days prior to each Distribution Date, the each Servicer shall deliver to the Trustee electronically by telecopy (or such other means as the related Servicer and the Trustee may agree from time to time) a Remittance Report with respect to each related Mortgage Loan for the prior calendar month. In addition, no later than four Business Days prior to each Distribution Date, the each Servicer shall deliver to the Trustee delinquency information with respect to each related Mortgage Loan and P&I Advances including including: (i) the amount of P&I Advances to be made by the related 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 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 4.02. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the related Servicer.

Remittance Reports; P&I Advances. (a) No later than four Within three Business Days prior to after the end of each Distribution Datecalendar month, the Master Servicer shall deliver to the Trustee electronically Trust Administrator and the NIMs Insurer by telecopy (or such other means as the Master Servicer and the Trustee Trust Administrator may agree from time to time) a Remittance Report with respect to each Mortgage Loan for the prior calendar monthHome Equity Loan. In addition, no later than four within three Business Days prior to after each Distribution Date, Determination date the Master Servicer shall deliver to the Trustee Trust Administrator delinquency information with respect to each Mortgage Home Equity Loan and P&I Advances including including: (i) the amount of P&I Advances to be made by the such 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 Home Equity Loans as the Trustee Trust Administrator 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 4.02. The Trustee Trust Administrator shall not be responsible to recompute, recalculate or verify any information provided to it by the any Master Servicer.