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

Remittance Reports; P&I Advances. (a) On the Servicer Remittance 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 related Distribution Date. In addition, no later than 3:00 p.m., New York time, on the Servicer Remittance Date, the Servicer shall deliver to the Trustee delinquency information (in a form mutually agreeable to both the Servicer and the Trustee) 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 available to the Servicer 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) On the Servicer Remittance Datetenth day of each month, or if such day is not a Business Day, the Business Day preceding such day, each Servicer shall deliver to the TrusteeTrust Administrator and to the Swap Counterparty, electronically (or such other means as the related Servicer and the Trustee Trust Administrator may agree from time to time) a Remittance Report with respect to each related Mortgage Loan for the related Distribution Dateprior calendar month. In addition, no later than 3:00 p.m., New York time, on the Servicer Remittance four Business Days prior to each Distribution Date, the each Servicer shall deliver to the Trustee Trust Administrator delinquency information (in a form mutually agreeable to both the related Servicer and the TrusteeTrust Administrator) 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 related 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 available to the Servicer with respect to the Mortgage 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 Neither the Swap Counterparty nor the Trust Administrator shall not be responsible to recompute, recalculate or verify any information provided to it by the related Servicer.

Remittance Reports; P&I Advances. (a) On the Servicer Remittance Dateeighteenth day of each month, or if such day is not a Business Day, the Business Day preceding such day, the Servicer shall deliver to the Trustee, with a copy to Radian, 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 related Distribution Dateprior calendar month. In addition, no later than 3:00 p.m., New York time, on the Servicer Remittance four Business Days prior to each Distribution Date, the Servicer shall deliver to the Trustee delinquency information (in a substantially the form mutually agreeable to both the Servicer attached hereto as Exhibits M-1 and the TrusteeM-2) 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 available to the Servicer with respect to the Mortgage Loans as the Trustee Master Servicer 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 CIFG contemplated by Section 4.02. The Trustee Master Servicer shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Remittance Reports; P&I Advances. (a) On Within two Business Days after the Servicer Remittance Determination Date, but in no event later than such date which would allow the Trustee to submit a claim to the NIMs Insurer under an indenture dated as of September 1, 2000 between Long Beach Asset Holdings Corp. NIMs Trust 2000-2, as issuer and the Trustee as indenture trustee, the Master Servicer shall deliver to the Trustee, electronically Trustee and the NIMs Insurer 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 related Distribution Date. In addition, no later than 3:00 p.m., New York time, on the Servicer Such Remittance Date, the Servicer shall deliver to the Trustee delinquency information (in a form mutually agreeable to both the Servicer and the Trustee) Report will include with respect to each Mortgage Loan and P&I Advances including Group (i) the amount of P&I Advances and Servicing Advances to be made by the Master Servicer for the related Loan Group in respect of the related Distribution Date, the aggregate amount of P&I Advances and Servicing Advances outstanding for the related Loan Group 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 for the related Loan Group in respect of such Distribution Date and (ii) such other information available to the Servicer with respect to the Mortgage Home Equity Loans for the related Loan Group 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) On the Servicer Remittance Dateeighteenth day of each month, or if such day is not a Business Day, the Business Day preceding such day, the Servicer shall deliver to the TrusteeTrustee and to the Swap Counterparty, 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 related Distribution Dateprior calendar month. In addition, no later than 3:00 p.m., New York time, on the Servicer Remittance four Business Days prior to each Distribution Date, the Servicer shall deliver to the Trustee delinquency information (in a substantially the form mutually agreeable to both the Servicer attached hereto as Exhibit M-1 and the TrusteeExhibit M-2) 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 Xxxxxxxxx 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 available to the Servicer with respect to the Mortgage Loans as the Trustee Master Servicer 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 Neither the Swap Counterparty nor the Master Servicer shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Remittance Reports; P&I Advances. (a) On or before 5:00 p.m. Eastern time on the Servicer Remittance Date, the Servicer shall deliver deliver, or shall cause to be delivered, to the Trustee, Securities Administrator and the Master Servicer electronically (or such other means as the Servicer, the Master Servicer and the Trustee Securities Administrator may agree from time to time) a Remittance Report with respect to each Mortgage Loan for the related Distribution Dateprior calendar month. In addition, no later than 3:00 p.m., New York time, on the Servicer Remittance Date, the Servicer shall deliver deliver, or shall cause to be delivered, to the Trustee Securities Administrator and the Master Servicer delinquency information (in a form mutually agreeable reasonably acceptable to both the Servicer, the Master Servicer and the TrusteeSecurities Administrator) 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 available to the Servicer 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) On No later than the Servicer Remittance Dateeighteenth day of each month, or if such day is not a Business Day, the Business Day following such day, the Servicer shall deliver to the Trustee, 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 related Distribution Dateprior calendar month. In addition, no later than 3:00 p.m., New York time, on the Servicer Remittance four Business Days prior to each Distribution Date, the Servicer shall deliver to the Trustee delinquency information (in a form mutually agreeable to both the Servicer and the Trustee) 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 available to the Servicer 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) On the Servicer Remittance Dateeighteenth day of each month, or if such day is not a Business Day, the Business Day preceding such day, the Servicer shall deliver to the TrusteeTrustee and to the Swap Counterparty, 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 related Distribution Dateprior calendar month. In addition, no later than 3:00 p.m., New York time, on the Servicer Remittance four Business Days prior to each Distribution Date, the Servicer shall deliver to the Trustee delinquency information (in a substantially the form mutually agreeable to both the Servicer attached hereto as Exhibit M-1 and the TrusteeExhibit M-2) 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 available to the Servicer 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 Neither the Swap Counterparty nor 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) On the Servicer Remittance Dateeighteenth day of each month, or if such day is not a Business Day, the Business Day preceding such day, the Servicer shall deliver to the TrusteeTrustee and to the Swap Counterparty, 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 related Distribution Dateprior calendar month. In addition, no later than 3:00 p.m., New York time, on the Servicer Remittance four Business Days prior to each Distribution Date, the Servicer shall deliver to the Trustee delinquency information (in a form mutually agreeable to both the Servicer and the Trustee) 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 available to the Servicer 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 Neither the Swap Counterparty nor 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) On the Servicer Remittance Dateeighteenth day of each month, or if such day is not a Business Day, the Business Day following such day, 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 related Distribution Dateprior calendar month. In addition, no later than 3:00 p.m., New York time, on the Servicer Remittance four Business Days prior to each Distribution Date, the Servicer shall deliver to the Trustee delinquency information (in a form mutually agreeable to both the Servicer and the Trustee) 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 available to the Servicer 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.