Common use of Reports to the Certificate Administrator; Account Statements Clause in Contracts

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date Statement. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 and year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).

Appears in 9 contracts

Samples: Trust and Servicing Agreement (Wells Fargo Commercial Mortgage Securities Inc), Trust and Servicing Agreement (Citigroup Commercial Mortgage Trust 2020-Gc46), Trust and Servicing Agreement (Benchmark 2020-Ig1 Mortgage Trust)

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Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 2:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and and, to the extent received by the Servicer for such Distribution Date, the CREFC® Appraisal Reduction Template, (ii) 2:00 p.m. (New York time) on the Remittance Date immediately preceding each Distribution Date, the remaining CREFC® Reports (except the CREFC® Bond Level Files, the CREFC® Collateral Summary File, the CREFC® Special Servicer File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). The Servicer shall make the CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet) available (i) prior to the securitization of a Companion Loan, to the related Companion Loan Holders on each Distribution Date; and (ii) following securitization of a Companion Loan, to the master servicer of the related Other Securitization Trust no later than two (2) Business Days after the Determination Date. The Certificate Administrator shall prepare the CREFC® Bond Level File. Notwithstanding the foregoing, the Servicer (or the Special Servicer Property FileServicer, with respect to the Specially Serviced Whole Loan or Foreclosed Property) shall prepare the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date Statement. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 2022 and year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable2022), within 60 thirty (30) days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, that any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then then-current applicable CREFC® guidelines. The Additionally, the Servicer shall furnish deliver the CREFC® Operating Statement Analysis Report and CREFC® NOI Adjustment Worksheet on a monthly basis to the Certificate Administrator Administrator; provided, however, the Servicer shall have no obligation to update such reports except as set forth in electronic format the immediately preceding paragraphs, and no analysis or update shall be required to the extent such analysis or update is not required to be provided under the then-current applicable CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b))guidelines.

Appears in 7 contracts

Samples: Trust and Servicing Agreement (Benchmark 2022-B32 Mortgage Trust), Trust and Servicing Agreement (Morgan Stanley Capital I Trust 2022-L8), Trust and Servicing Agreement (Benchmark 2022-B33 Mortgage Trust)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date Statement. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a Performing Mortgage 138 Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxxxxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31September 30, 2020 and year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).

Appears in 7 contracts

Samples: Trust and Servicing Agreement (DBJPM 2020-C9 Mortgage Trust), Trust and Servicing Agreement (Benchmark 2020-B18 Mortgage Trust), Trust and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2020-C58)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format which format is reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 2:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date immediately preceding each Distribution Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). The Certificate Administrator shall prepare the CREFC® Bond Level File. In addition, the Servicer (with respect to non-Specially Serviced Loans) shall prepare and make available to any Privileged Person on the Servicer’s internet website (initially, xxx.xxx.xxx/xxxxxxx), and the Special Servicer (with respect to Specially Serviced Loans and REO Property) shall prepare and deliver to the Servicer (who shall promptly make available to any Privileged Person on the Servicer’s internet website (initially, xxx.xxx.xxx/xxxxxxx) with respect to the Property and REO Property, a CREFC® Operating Statement Analysis Report and a CREFC® NOI Adjustment Worksheet within 30 days after the Servicer’s or Special Servicer’s, as 115 applicable, receipt of each of the Loan Borrower’s quarterly financials (commencing with the quarter ending March 31, 2020) and annually within 30 days after receipt of each of the Loan Borrower’s annual financials for the year ending December 31, 2020); provided, however, that any analysis or report with respect to the first calendar quarter of each year will not be required to the extent not required to be provided in the then-current applicable CREFC® guidelines. Additionally, the Servicer shall deliver the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet on a monthly basis to the Certificate Administrator; provided, however, the Servicer shall have no obligation to update such reports except as set forth in the immediately preceding paragraphs, and no analysis shall be required to the extent such analysis or update is not required to be provided under the then-current applicable CREFC® Guidelines. In addition, on a calendar quarterly basis within 30 days after the Servicer’s receipt of each of the Loan Borrower’s quarterly financial statements (commencing with the quarter ending March 31, 2020), the Servicer shall deliver, to the extent it has received, or cause to be delivered to the Certificate Administrator such financial statements. The Servicer shall make the CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date Statement. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer adjustment worksheet) available (with respect to a Performing Mortgage Loani) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer prior to the Servicer (in securitization of the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available Companion Loan, to the Certificate Administrator by Companion Loan Holder on each Distribution Date; and (ii) following securitization of the Servicer (Companion Loan, to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 and year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, master servicer of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not Other Securitization Trust no later than two (2) Business Days after the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b))Determination Date.

Appears in 4 contracts

Samples: Trust and Servicing Agreement (CSAIL 2020-C19 Commercial Mortgage Trust), Trust and Servicing Agreement (3650R 2021-Pf1 Commercial Mortgage Trust), Trust and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2021-C60)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, the 17g-5 Information Provider and the Companion Loan Holders, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 3:00 p.m. (New York time) on the each Remittance Date, the remaining all CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Loan Periodic Update File, the CREFC® Loan Setup File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its The CREFC® Reports, the Servicer Loan Periodic Update File shall provide be delivered to the Certificate Administrator with by the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Servicer no later than 2:00 p.m. (New York time) two Business Days preceding each Distribution Date for inclusion in the Distribution Date StatementDate. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared delivered to the Certificate Administrator by the Servicer (with respect in an electronic format mutually agreed to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer and the Certificate Administrator on a calendar quarterly basis within 30 days after the Servicer’s receipt of the Borrower’s quarterly financials (commencing within 30 days of the receipt of the Borrower’s financials for the quarter ending June 30, 2019 and annually within 30 days after receipt of the Borrower’s annual financials (commencing within 30 days of receipt of the Borrower’s annual financials for the year ending December 31, 2019. Notwithstanding anything herein to the contrary, the Servicer (in shall deliver the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer on a monthly basis not later than 3:00 p.m. (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed PropertyNew York time) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 and year ending December 31, 2020, Business Day immediately preceding each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually receivedDistribution Date; provided, however, that, with respect that the Servicer shall have no obligation to each CREFC® Operating Statement Analysis Report only, any update such reports except as set forth in the immediately preceding paragraph and no analysis or report with respect to the first calendar quarter of each year update shall not be required to the extent such analysis or update is not required to be provided in under the then current applicable CREFC® guidelines. With respect to the Companion Loans, the Servicer shall (no later than the time(s) that it or any portion thereof is made available to the Certificate Administrator) make available to the Companion Loan Holders (if such Companion Loan Holder is not the Borrower or an Affiliate thereof) or, if a Companion Loan is securitized, the respective Other Servicer, the CREFC® Investor Reporting Package (excluding any templates) pursuant to the terms of this Agreement on a monthly basis. The Special Servicer shall provide any templates relating to the Companion Loans included in the CREFC® Investor Reporting Package and prepared by the Special Servicer pursuant to the terms hereof to the Servicer promptly upon reasonable request. The Servicer shall furnish provide any templates relating to the Certificate Administrator Companion Loans included in electronic format the CREFC® Reports produced Investor Reporting Package (with respect to templates required to be prepared by it the Special Servicer pursuant to this Agreement not later than the time period specified in this Section 3.18(a)terms hereof, and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same extent received) to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b))Other Servicer upon reasonable request.

Appears in 4 contracts

Samples: Trust and Servicing Agreement (Benchmark 2019-B12 Mortgage Trust), Trust and Servicing Agreement (UBS Commercial Mortgage Trust 2019-C17), Trust and Servicing Agreement (BBCMS Mortgage Trust 2019-C4)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, the 17g-5 Information Provider and the Companion Loan Holders, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 3:00 p.m. (New York time) on the Remittance Date after the first Distribution Date, the remaining all CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Loan Periodic Update File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its The CREFC® Reports, the Servicer Loan Periodic Update File shall provide be delivered to the Certificate Administrator with by the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Servicer no later than 2:00 p.m. (New York time) two Business Days preceding each Distribution Date for inclusion in the Distribution Date StatementDate. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared delivered to the Certificate Administrator by the Servicer (with respect in an electronic format mutually agreed to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer and the Certificate Administrator on a calendar quarterly basis within 30 days after the Servicer’s receipt of the Borrower’s quarterly financials (commencing within 30 days of the receipt of the Borrower’s financials for the quarter ending June 30, 2019 and annually within 30 days after receipt of the Borrower’s annual financials (commencing within 30 days of receipt of the Borrower’s annual financials for the year ending December 31, 2019. Notwithstanding anything herein to the contrary, the Servicer (in shall deliver the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer on a monthly basis not later than 5:00 p.m. (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed PropertyNew York time) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 and year ending December 31, 2020, Business Day immediately preceding each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually receivedDistribution Date; provided, however, that, with respect that the Servicer shall have no obligation to each CREFC® Operating Statement Analysis Report only, any update such reports except as set forth in the immediately preceding paragraph and no analysis or report with respect to the first calendar quarter of each year update shall not be required to the extent such analysis or update is not required to be provided in under the then current applicable CREFC® guidelines. With respect to the Companion Loans, the Servicer shall (no later than the time(s) that it or any portion thereof is made available to the Certificate Administrator) make available to the Companion Loan Holders (if such Companion Loan Holder is not the Borrower or an Affiliate thereof) or, if a Companion Loan is securitized, the respective Other Servicer, the CREFC® Investor Reporting Package (excluding any templates) pursuant to the terms of this Agreement on a monthly basis. The Special Servicer shall provide any templates relating to the Companion Loans included in the CREFC® Investor Reporting Package and prepared by the Special Servicer pursuant to the terms hereof to the Servicer promptly upon reasonable request. The Servicer shall furnish provide any templates relating to the Certificate Administrator Companion Loans included in electronic format the CREFC® Reports produced Investor Reporting Package (with respect to templates required to be prepared by it the Special Servicer pursuant to this Agreement not later than the time period specified in this Section 3.18(a)terms hereof, and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same extent received) to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b))Other Servicer upon reasonable request.

Appears in 4 contracts

Samples: Trust and Servicing Agreement (BBCMS Mortgage Trust 2019-C4), Trust and Servicing Agreement (BBCMS Mortgage Trust 2019-C3), Trust and Servicing Agreement (CSAIL 2019-C15 Commercial Mortgage Trust)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, File and the CREFC® Special Servicer Loan File). Additionally, the Servicer shall make the CREFC Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File and the CREFC® Special Servicer Property Loan File), the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with ) available (1) prior to the preparation securitization of its CREFC® Reportsa Companion Loan, the Servicer shall provide the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Companion Loan Holder on each Distribution Date for inclusion in Date; and (2) following securitization of a Companion Loan, to the Distribution Date Statementmaster servicer of the related Other Securitization Trust no later than two (2) Business Days after the Determination Date. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared delivered to the Certificate Administrator by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed REO Property), as applicable, on a calendar quarterly basis within thirty (30) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on days after the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx)or the Special Servicer’s, on a as applicable, receipt of the Borrower’s quarterly and annual basis financials (commencing with within 30 days of the receipt of the Borrower’s financials for the quarter ending March 31, 2020 2017) and annually within 30 days after receipt of the Borrower’s annual financials (commencing within thirty (30) days of receipt of the Borrower’s annual financials for the year ending December 31, 20202016). Additionally, each within 60 days after receipt by the Servicer or shall deliver the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis CREFC OSAR Report and the CREFC® CREFC NOI Adjustment Worksheet, but shall not be deemed Worksheet to have been received by the Certificate Administrator until such time as it is actually receivedon a monthly basis pursuant to clause (ii) of the preceding paragraph; provided, however, that, with respect the Servicer shall have no obligation to each CREFC® Operating Statement Analysis Report only, any update such reports except as set forth in the immediately preceding sentence and no analysis or report with respect to the first calendar quarter of each year update shall not be required to the extent such analysis or update is not required to be provided in under the then current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).

Appears in 3 contracts

Samples: Trust and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2016-C30), Trust and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2016-C31), Trust and Servicing Agreement (Morgan Stanley Capital I Trust 2016-Bnk2)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, and each Companion Loan Holder in an electronic format which format is reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 2:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date immediately preceding each Distribution Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with The Trustee shall prepare the preparation of its CREFC® ReportsBond Level File. In addition, the Servicer (with respect to non-Specially Serviced Loans) shall provide prepare and make available to any Privileged Person and any Borrower Related Party that certifies to the Certificate Administrator with in the CREFC® Licensing Fee Rate form of Exhibit Y-2 that it is a Certificateholder or Beneficial Owner of a Certificate, on the Servicer’s internet website (initially, wxx.xxxxxxx.xxx/xxx0xxx), and the amount of CREFC® Licensing Fee paid Special Servicer (with respect to CREFC® for Specially Serviced Loans and REO Properties) shall prepare and deliver to the related Distribution Date for inclusion Servicer (who shall promptly make available to any Privileged Person and any Borrower Related Party that certifies to the Certificate Administrator in the Distribution Date Statement. The form of Exhibit Y-2 that it is a Certificateholder or Beneficial Owner of a Certificate, on the Servicer’s internet website (initially, wxx.xxxxxxx.xxx/xxx0xxx)) with respect to each Mortgaged Property and REO Property, a CREFC® Operating Statement Analysis Report and the a CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on within 30 days after the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx)or Special Servicer’s, on a as applicable, receipt of each of the Loan Borrowers’ quarterly and annual basis financials (commencing with the quarter ending March 31June 30, 2020 2016) and annually within 30 days after receipt of each of the Loan Borrowers’ annual financials for the year ending December 31, 20202016). In addition, each on a calendar quarterly basis within 60 30 days after the Servicer’s receipt by of each of the Loan Borrowers’ quarterly financial statements (commencing with the quarter ending June 30, 2016), the Servicer or the Special Servicershall deliver, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then current applicable CREFC® guidelines. The Servicer shall furnish it has received, or cause to be delivered to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b))financial statements.

Appears in 3 contracts

Samples: Trust and Servicing Agreement (CSAIL 2016-C6 Commercial Mortgage Trust), Trust and Servicing Agreement (CSAIL 2016-C7 Commercial Mortgage Trust), Trust and Servicing Agreement (Morgan Stanley Capital I Trust 2016-Ubs9)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the (a) Certificate Administrator, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 p.m. (New York time) two one Business Day immediately preceding each Distribution Date and (2b)(i) Business Days prior to the securitization of the Senior Pari Passu Companion Loans, to the Senior Pari Passu Companion Loan Holders on each Distribution Date, the CREFC® Loan Periodic Update File Date and (ii) 2:00 p.m. (New York time) on following the Remittance securitization of the Senior Pari Passu Companion Loans, to the master servicer of the related Companion Loan Securitization Trust no later than two Business Days after the Determination Date, the remaining all CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Loan Periodic Update File, the CREFC® Collateral Summary File, File and the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment WorksheetWorksheet ). In connection with the preparation of its The CREFC® Reports, the Servicer Loan Periodic Update File shall provide be delivered to the Certificate Administrator with by the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Servicer no later than 2:00 p.m. (New York time) two Business Days preceding each Distribution Date for inclusion in the Distribution Date StatementDate. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared delivered to the Certificate Administrator by the Servicer in an electronic format mutually agreed to by the Servicer and the Certificate Administrator on a calendar quarterly basis within 30 days after the Servicer’s receipt of the Borrower’s quarterly financials (commencing within 30 days of the receipt of the Borrower’s financials for the quarter ending March 31, 2017) and annually within 30 days after receipt of the Borrower’s annual financials (commencing within 30 days of receipt of the Borrower’s annual financials for the year ending December 31, 2016); provided, however, that any analysis or update (commencing with the quarter ending March 31, 2017) with respect to a Performing Mortgage Loan) the first calendar quarter of each year or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer year-end shall not be required to the extent such analysis or update is not required to be provided under the then current applicable CREFC® guidelines. Notwithstanding anything herein to the contrary, the Servicer (in shall deliver the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer on a monthly basis not later than 5:00 p.m. (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed PropertyNew York time) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 and year ending December 31, 2020, Business Day immediately preceding each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually receivedDistribution Date; provided, however, that, with respect that the Servicer shall have no obligation to each CREFC® Operating Statement Analysis Report only, any update such reports except as set forth in the immediately preceding sentence and no analysis or report with respect to the first calendar quarter of each year update shall not be required to the extent such analysis or update is not required to be provided in under the then current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).

Appears in 3 contracts

Samples: Trust and Servicing Agreement (Citigroup Commercial Mortgage Trust 2016-P6), Trust and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2016-C30), Trust and Servicing Agreement (Citigroup Commercial Mortgage Trust 2016-P5)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date, the remaining CREFC® Reports (except the CREFC® Loan Setup File, the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date Statement. The Servicer shall provide the CREFC® Loan Setup File to the Certificate Administrator no later than 4:00 p.m. on the fourth Business Day before the first Distribution Date. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a Performing Mortgage 143 Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxxxxx.xxxxxxxx.xxx), on a quarterly and annual basis (commencing with the quarter ending March 31June 30, 2020 2022 and year ending December 31, 20202022, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).

Appears in 3 contracts

Samples: Trust and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2022-C62), Trust and Servicing Agreement (Morgan Stanley Capital I Trust 2022-L8), Trust and Servicing Agreement (Bank 2022-Bnk41)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate AdministratorAdministrator and the Senior Pari Passu Companion Loan Holders, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 p.m. (New York time) two (2) one Business Days prior to Day immediately preceding each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date, the remaining all CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Loan Periodic Update File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its The CREFC® Reports, the Servicer Loan Periodic Update File shall provide be delivered to the Certificate Administrator with by the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Servicer no later than 2:00 p.m. (New York time) two Business Days preceding each Distribution Date for inclusion in the Distribution Date StatementDate. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available delivered to the Certificate Administrator by the Servicer (in an electronic format mutually agreed to by the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) Certificate Administrator on a calendar quarterly basis within 30 days after the Servicer’s Internet website receipt of the Borrower’s quarterly financials (wxx.xxxxxxx.xxx/xxx0xxxcommencing within 30 days of the receipt of the Borrower’s financials for the quarter ending September 30, 2016) and annually within 30 days after receipt of the Borrower’s annual financials (commencing within 30 days of receipt of the Borrower’s annual financials for the year ending December 31, 2016); provided, on a quarterly and annual basis however, that any analysis or update (commencing with the quarter ending March 31, 2020 and year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update2017) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, any analysis or report with respect to the first calendar quarter of each year or year-end shall not be required to the extent such analysis or update is not required to be provided in under the then current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).

Appears in 2 contracts

Samples: Trust and Servicing Agreement (SG Commercial Mortgage Securities Trust 2016-C5), Trust and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2016-C35)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate AdministratorAdministrator and each Companion Loan Holder, in an electronic format which format is reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 2:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date immediately preceding each Distribution Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). The Certificate Administrator shall prepare the CREFC® Bond Level File. In addition, the Servicer (with respect to non-Specially Serviced Loans) shall prepare and make available to any Privileged Person on the Servicer’s internet website (initially, xxx.xxxxxxxxxx.xxx/xxx/xxxxxxxx), and the Special Servicer (with respect to a Specially Serviced Loan and Foreclosed Property) shall prepare and deliver to the Servicer (who shall promptly make available to any Privileged Person on the Servicer’s internet website (initially, xxx.xxxxxxxxxx.xxx/xxx/xxxxxxxx) with respect to the Property Fileand the Foreclosed Property, a CREFC® Operating Statement Analysis Report and a CREFC® NOI Adjustment Worksheet within 30 days after the Servicer’s or Special Servicer’s, as applicable, receipt of each of the Loan Borrower’s quarterly financials (commencing with the quarter ending March 31, 2017) and annually within 30 days after receipt of the Loan Borrower’s annual financials for the year ending December 31, 2017); provided, that the Servicer (or the Special Servicer, with respect to Specially Serviced Mortgage Loans or REO Property) shall prepare the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date Statement. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 and year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable)basis, within 60 30 days after receipt by the Servicer or the Special Servicer, as applicable, of the Loan Borrower’s financial statements, operating statements, rent rolls, or other information statements that are required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but and shall not be deemed to have been received by deliver the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet to the Certificate Administrator on a monthly basis (but with such being a delivery obligation of the most updated CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet only, and without any obligation upon the Servicer or the Special Servicer to prepare updated reports or perform any recalculations in respect of the foregoing if the Servicer or the Special Servicer is not required to prepare updated reports with respect to the related Distribution Date); provided further, however, that any analysis or report with respect to the first calendar quarter of each year shall will not be required to the extent not required to be provided in the then current applicable CREFC® guidelines. The In addition, on a calendar quarterly basis within 30 days after the Servicer’s receipt of each of the Loan Borrower’s quarterly financial statements (commencing with the quarter ending March 31, 2017), the Servicer shall furnish deliver, to the extent it has received, or cause to be delivered to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b))financial statements.

Appears in 2 contracts

Samples: Trust and Servicing Agreement (GS Mortgage Securities Trust 2017-Gs5), Trust and Servicing Agreement (JPMDB Commercial Mortgage Securities Trust 2017-C5)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date, the remaining CREFC® Reports (except the CREFC® Loan Setup File, CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date Statement. The Servicer shall provide the CREFC® Loan Setup File to the Certificate Administrator no later than 4:00 p.m. on the fourth Business Day before the first Distribution Date. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxxxxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31June 30, 2020 2021 and year ending December 31, 20202021, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).

Appears in 2 contracts

Samples: Trust and Servicing Agreement (Benchmark 2021-B25 Mortgage Trust), Trust and Servicing Agreement (Bank 2021-Bnk33)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, and each Companion Loan Holder in an electronic format which format is reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 2:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date immediately preceding each Distribution Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with The Certificate Administrator shall prepare the preparation of its CREFC® ReportsBond Level File. In addition, the Servicer (with respect to non-Specially Serviced Loans) shall provide prepare and make available to any Privileged Person and any Borrower Related Party that certifies to the Certificate Administrator with in the CREFC® Licensing Fee Rate form of Exhibit BB-2 that it is a Certificateholder or Beneficial Owner of a Certificate, on the Servicer’s internet website (initially, xxx.xxxxxxx.xxx/xxx0xxx), and the amount of CREFC® Licensing Fee paid Special Servicer (with respect to CREFC® for Specially Serviced Loans and REO Property) shall prepare and deliver to the related Distribution Date for inclusion Servicer (who shall promptly make available to any Privileged Person and any Borrower Related Party that certifies to the Certificate Administrator in the Distribution Date Statement. The form of Exhibit BB-2 that it is a Certificateholder or Beneficial Owner of a Certificate, on the Servicer’s internet website (initially, xxx.xxxxxxx.xxx/xxx0xxx) with respect to the Property and REO Property, a CREFC® Operating Statement Analysis Report and the a CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on within 30 days after the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx)or Special Servicer’s, on a as applicable, receipt of each of the Loan Borrower’s quarterly and annual basis financials (commencing with the quarter ending March 31September 30, 2020 2017) and annually within 30 days after receipt of each of the Loan Borrower’s annual financials for the year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable2017), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, that any analysis or report with respect to the first calendar quarter of each year shall will not be required to the extent not required to be provided in the then then-current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).®

Appears in 2 contracts

Samples: Trust and Servicing Agreement (CSAIL 2017-Cx9 Commercial Mortgage Trust), Trust and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2017-C39)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate AdministratorAdministrator and each Companion Loan Holder, in an electronic format which format is reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 2:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date immediately preceding each Distribution Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the The Certificate Administrator with shall prepare the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date StatementBond Level File. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by In addition, the Servicer (with respect to a Performing Mortgage Loannon-Specially Serviced Loans) or shall prepare and make available to any Privileged Person on the Servicer’s internet website (initially, xxx.xxxxxxxxxx.xxx/xxx/xxxxxxxx), and the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) shall prepare and provided or made available by the Special Servicer deliver to the Servicer (in who shall promptly make available to any Privileged Person, on the case of any Servicer’s internet website (initially, xxx.xxxxxxxxxx.xxx/xxx/xxxxxxxx) with respect to each Property and Foreclosed Property, a CREFC® Operating Statement Analysis Report and the a CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on within 30 days after the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx)or Special Servicer’s, on a as applicable, receipt of each of the Loan Borrowers’ quarterly and annual basis financials (commencing with the quarter ending March 31June 30, 2020 2016) and annually within 30 days after receipt of the Loan Borrowers’ annual financials for the year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable2016), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, that any analysis or report with respect to the first calendar quarter of each year shall will not be required to the extent not required to be provided in the then current applicable CREFC® guidelines. The In addition, on a calendar quarterly basis within 30 days after the Servicer’s receipt of each of the Loan Borrower’s quarterly financial statements (commencing with the quarter ending June 30, 2016), the Servicer shall furnish deliver, to the extent it has received, or cause to be delivered to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b))financial statements.

Appears in 2 contracts

Samples: Trust and Servicing Agreement (Gs Mortgage Securities Corp Ii), Trust and Servicing Agreement (GS Mortgage Securities Trust 2016-Gs3)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, the 17g-5 Information Provider and the Companion Loan Holders, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 3:00 p.m. (New York time) on the Remittance Date after the first Distribution Date, the remaining all CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Loan Periodic Update File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its The CREFC® Reports, the Servicer Loan Periodic Update File shall provide be delivered to the Certificate Administrator with by the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Servicer no later than 2:00 p.m. (New York time) two Business Days preceding each Distribution Date for inclusion in the Distribution Date StatementDate. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared delivered to the Certificate Administrator by the Servicer (with respect in an electronic format mutually agreed to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer and the Certificate Administrator on a calendar quarterly basis within 30 days after the Servicer’s receipt of the Borrower’s quarterly financials (commencing within 30 days of the receipt of the Borrower’s financials for the quarter ending March 31, 2018 and annually within 30 days after receipt of the Borrower’s annual financials (commencing within 30 days of receipt of the Borrower’s annual financials for the year ending December 31, 2018. Notwithstanding anything herein to the contrary, the Servicer (in shall deliver the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer on a monthly basis not later than 5:00 p.m. (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed PropertyNew York time) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 and year ending December 31, 2020, Business Day immediately preceding each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually receivedDistribution Date; provided, however, that, with respect that the Servicer shall have no obligation to each CREFC® Operating Statement Analysis Report only, any update such reports except as set forth in the immediately preceding paragraph and no analysis or report with respect to the first calendar quarter of each year update shall not be required to the extent such analysis or update is not required to be provided in under the then current applicable CREFC® guidelines. With respect to the Companion Loans, the Servicer shall (no later than the time(s) that it or any portion thereof is made available to the Certificate Administrator) make available to the Companion Loan Holders (if such Companion Loan Holder is not the Borrower or an Affiliate thereof) or, if a Companion Loan is securitized, the respective Other Servicer, the CREFC® Investor Reporting Package (excluding any templates) pursuant to the terms of this Agreement on a monthly basis. The Special Servicer shall provide any templates relating to the Companion Loans included in the CREFC® Investor Reporting Package and prepared by the Special Servicer pursuant to the terms hereof to the Servicer promptly upon reasonable request. The Servicer shall furnish provide any templates relating to the Certificate Administrator Companion Loans included in electronic format the CREFC® Reports produced Investor Reporting Package (with respect to templates required to be prepared by it the Special Servicer pursuant to this Agreement not later than the time period specified in this Section 3.18(a)terms hereof, and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same extent received) to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b))Other Servicer upon reasonable request.

Appears in 2 contracts

Samples: Trust and Servicing Agreement (CSAIL 2018-Cx11 Commercial Mortgage Trust), Trust and Servicing Agreement (UBS Commercial Mortgage Trust 2017-C7)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, the 17g-5 Information Provider and the Companion Loan Holders, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 2:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and CREFC® Appraisal Reduction Template, (ii) 2:00 9:00 a.m. (New York time) one (1) Business Day prior to each Distribution Date, any updated CREFC® Loan Periodic Update File, if applicable, and (iii) 3:00 p.m. (New York time) on the Remittance one (1) Business Day prior to each Distribution Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, other than the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer which shall provide not be provided to the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date StatementAdministrator). The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available delivered to the Certificate Administrator by the Servicer (to the extent prepared or by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating Servicer, with respect to the Specially Serviced Mortgage Loan Loans or any Foreclosed REO Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31September 30, 2020 2018 and year ending December 31, 20202018, each within 60 30 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 30 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall will not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, that any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then then-current applicable CREFC® guidelines. The Servicer shall furnish to Special Servicer, if the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a)Trust Loan is a Specially Serviced Loan, and the Certificate Administrator shallServicer, in turnif the Trust Loan is not a Specially Serviced Loan, shall use efforts consistent with Accepted Servicing Practices to collect promptly and review from the Borrower quarterly and annual operating statements, financial statements, budgets and rent rolls of the Property, and the quarterly and annual financial statements of the Borrower, and any other reports or documents required to be delivered under the terms of the Trust Loan. The Servicer and the Special Servicer shall not be required to request such operating statements or rent rolls more than once if the Borrower is not required to deliver such CREFC® Reports statements pursuant to the 17g-5 terms of the Loan Documents. Upon request by the Rating Agencies, the Servicer or Special Servicer, as applicable, shall deliver copies of any of the foregoing items so collected thereby to the 17g 5 Information Provider (who shall promptly post the same such items to the 17g-5 Information Provider’s Website Website. Additionally, the Servicer shall deliver the CREFC® Operating Statement Analysis Report and CREFC® NOI Adjustment Worksheet on a monthly basis to the Certificate Administrator; provided, however, the Servicer shall have no obligation to update such reports except as set forth in the immediately preceding paragraphs, and no analysis or update shall be required to the extent such analysis or update is not required to be provided under the then-current applicable CREFC® guidelines. With respect to the Companion Loans, the Servicer shall (no later than the time(s) that it or any portion thereof is made available to the Certificate Administrator) make available to the Companion Loan Holders (if such Companion Loan Holder is not the Borrower or an Affiliate thereof) or, if the Companion Loans are securitized, the respective Other Servicer, the CREFC® Investor Reporting Package (excluding any templates) pursuant to Section 8.14(b))the terms of this Agreement on a monthly basis. The Special Servicer shall provide any templates relating to the Companion Loans included in the CREFC® Investor Reporting Package and prepared by the Special Servicer pursuant to the terms hereof to the Servicer promptly upon reasonable request. The Servicer shall provide any templates relating to the Companion Loans included in the CREFC® Investor Reporting Package (with respect to templates required to be prepared by the Special Servicer pursuant to the terms hereof, to the extent received) to the Other Servicer upon reasonable request.

Appears in 2 contracts

Samples: Trust and Servicing Agreement (CSAIL 2018-C14 Commercial Mortgage Trust), Trust and Servicing Agreement (UBS Commercial Mortgage Trust 2018-C12)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 3:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date, the remaining CREFC® Reports (except the CREFC® Loan Setup File, CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date Statement. The Servicer shall provide the CREFC® Loan Setup File to the Certificate Administrator no later than 4:00 p.m. on the fourth Business Day before the first Distribution Date. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxxxxx.xxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31June 30, 2020 2022 and year ending December 31, 20202022, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).

Appears in 2 contracts

Samples: Trust and Servicing Agreement (Morgan Stanley Capital I Trust 2022-L8), Trust and Servicing Agreement (BBCMS Mortgage Trust 2022-C15)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 3:00 p.m. (New York time) on the Remittance Date, all CREFC® Reports (except the remaining CREFC® Bond Level File, the CREFC® Loan Periodic Update File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). The Servicer shall make available the all CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet)) to the Companion Loan Holders (i) prior to the securitization of the applicable Companion Loan, on the Distribution Date and (ii) following the securitization of such Companion Loan, to the Companion Loan Servicer, no later than two (2) Business Days after the Determination Date. In connection with the preparation of its The CREFC® Reports, the Servicer Loan Periodic Update File shall provide be delivered to the Certificate Administrator with by the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Servicer no later than 3:00 p.m. (New York time) two (2) Business Days preceding each Distribution Date for inclusion in the Distribution Date StatementDate. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared delivered to the Certificate Administrator by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any or Foreclosed Property) in an electronic format mutually agreed to by the Servicer (or the Special Servicer with respect to a Specially Serviced Loan or Foreclosed Property) and provided the Certificate Administrator on a calendar quarterly basis within thirty (30) days after the Servicer’s or made available by the Special Servicer Servicer’s (as applicable) receipt of the Borrower’s quarterly financials (commencing within thirty (30) days of the receipt of the Borrower’s financials for the quarter ending March 31, 2020 and annually within thirty (30) days after receipt of the Borrower’s annual financials (commencing within thirty (30) days of receipt of the Borrower’s annual financials for the year ending December 31, 2020. Notwithstanding anything herein to the contrary, the Servicer (in shall deliver the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 and year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually receivedmonthly basis; provided, however, that, with respect that the Servicer shall have no obligation to each CREFC® Operating Statement Analysis Report only, any update such reports except as set forth in the immediately preceding paragraph and no analysis or report with respect to the first calendar quarter of each year update shall not be required to the extent such analysis or update is not required to be provided in under the then current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).

Appears in 2 contracts

Samples: Trust and Servicing Agreement (Bank 2019-Bnk23), Trust and Servicing Agreement (Bank 2020-Bnk25)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format which format is reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 2:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date immediately preceding each Distribution Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). The Certificate Administrator shall prepare the CREFC® Bond Level File. In addition, the Servicer (with respect to non-Specially Serviced Loans) shall prepare and make available to any Privileged Person on the Servicer’s internet website (initially, xxx.xxxxxxxxxx.xxx/xxx/xxxxxxxx), and the Special Servicer (with respect to Specially Serviced Loans and REO Property) shall prepare and deliver to the Servicer (who shall promptly make available to any Privileged Person on the Servicer’s internet website (initially, xxx.xxxxxxxxxx.xxx/xxx/xxxxxxxx) with respect to the Property and REO Property, a CREFC® Operating Statement Analysis Report and a CREFC® NOI Adjustment Worksheet within 30 days 117 after the Servicer’s or Special Servicer’s, as applicable, receipt of each of the Loan Borrower’s quarterly financials (commencing with the quarter ending March 31, 2019) and annually within 30 days after receipt of each of the Loan Borrower’s annual financials for the year ending December 31, 2019); provided, however, that any analysis or report with respect to the first calendar quarter of each year will not be required to the extent not required to be provided in the then-current applicable CREFC® guidelines. Additionally, the Servicer shall deliver the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet on a monthly basis to the Certificate Administrator; provided, however, the Servicer shall have no obligation to update such reports except as set forth in the immediately preceding paragraphs, and no analysis shall be required to the extent such analysis or update is not required to be provided under the then-current applicable CREFC® Guidelines. In addition, on a calendar quarterly basis within 30 days after the Servicer’s receipt of each of the Loan Borrower’s quarterly financial statements (commencing with the quarter ending March 31, 2019), the Servicer shall deliver, to the extent it has received, or cause to be delivered to the Certificate Administrator such financial statements. The Servicer shall make the CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date Statement. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer adjustment worksheet) available (with respect to a Performing Mortgage Loani) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer prior to the Servicer (in securitization of the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available Companion Loan, to the Certificate Administrator by Companion Loan Holder on each Distribution Date; and (ii) following securitization of the Servicer (Companion Loan, to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 and year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, master servicer of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not Other Securitization Trust no later than two (2) Business Days after the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b))Determination Date.

Appears in 1 contract

Samples: Trust and Servicing Agreement (CSAIL 2019-C15 Commercial Mortgage Trust)

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Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 3:00 p.m. (New York time) on the Remittance Date, all CREFC® Reports (except the remaining CREFC® Bond Level File, the CREFC® Loan Periodic Update File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). The Servicer shall make available all CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet)) to any Companion Loan Holders (i) prior to the securitization of such Companion Loan, on the Distribution Date and (ii) following the securitization of such Companion Loan, to the Companion Loan Servicer, no later than two (2) Business Days after the Determination Date. In connection with the preparation of its The CREFC® Reports, the Servicer Loan Periodic Update File shall provide be delivered to the Certificate Administrator with by the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Servicer no later than 3:00 p.m. (New York time) two (2) Business Days preceding each Distribution Date for inclusion in the Distribution Date StatementDate. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared delivered to the Certificate Administrator by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any or Foreclosed Property) in an electronic format mutually agreed to by the Servicer (or the Special Servicer with respect to a Specially Serviced Loan or Foreclosed Property) and provided the Certificate Administrator on a calendar quarterly basis within thirty (30) days after the Servicer’s or made available by the Special Servicer Servicer’s (as applicable) receipt of the Borrower’s quarterly financials (commencing within thirty (30) days of the receipt of the Borrower’s financials for the quarter ending March 31, 2020 and annually within thirty (30) days after receipt of the Borrower’s annual financials (commencing within thirty (30) days of receipt of the Borrower’s annual financials for the year ending December 31, 2020. Notwithstanding anything herein to the contrary, the Servicer (in shall deliver the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 and year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually receivedmonthly basis; provided, however, that, with respect that the Servicer shall have no obligation to each CREFC® Operating Statement Analysis Report only, any update such reports except as set forth in the immediately preceding paragraph and no analysis or report with respect to the first calendar quarter of each year update shall not be required to the extent such analysis or update is not required to be provided in under the then current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).

Appears in 1 contract

Samples: Trust and Servicing Agreement (Bank 2020-Bnk26)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date Statement. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxxxxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 and year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).

Appears in 1 contract

Samples: Trust and Servicing Agreement (BBCMS Mortgage Trust 2020-C7)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, the 17g-5 Information Provider and the Companion Loan Holders, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 2:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and CREFC® Appraisal Reduction Template, (ii) 2:00 9:00 a.m. (New York time) one (1) Business Day prior to each Distribution Date, any updated CREFC® Loan Periodic Update File, if applicable, and (iii) 3:00 p.m. (New York time) on the Remittance one (1) Business Day prior to each Distribution Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date Statement. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available delivered to the Certificate Administrator by the Servicer (to the extent prepared or by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating Servicer, with respect to the Specially Serviced Mortgage Loan Loans or any Foreclosed REO Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 2018 and year ending December 31, 20202018, each within 60 30 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 30 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall will not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, that any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then then-current applicable CREFC® guidelines. The Servicer shall furnish to Special Servicer, if the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a)Trust Loan is a Specially Serviced Loan, and the Certificate Administrator shallServicer, in turnif the Trust Loan is not a Specially Serviced Loan, shall use efforts consistent with Accepted Servicing Practices to collect promptly and review from the Borrower quarterly and annual operating statements, financial statements, budgets and rent rolls of the Property, and the quarterly and annual financial statements of the Borrower, and any other reports or documents required to be delivered under the terms of the Trust Loan. The Servicer and the Special Servicer shall not be required to request such operating statements or rent rolls more than once if the Borrower is not required to deliver such CREFC® Reports statements pursuant to the 17g-5 terms of the Loan Documents. Upon request by the Rating Agency, the Servicer or Special Servicer, as applicable, shall deliver copies of any of the foregoing items so collected thereby to the 17g 5 Information Provider (who shall promptly post the same such items to the 17g-5 Information Provider’s Website Website. Additionally, the Servicer shall deliver the CREFC® Operating Statement Analysis Report and CREFC® NOI Adjustment Worksheet on a monthly basis to the Certificate Administrator; provided, however, the Servicer shall have no obligation to update such reports except as set forth in the immediately preceding paragraphs, and no analysis or update shall be required to the extent such analysis or update is not required to be provided under the then-current applicable CREFC® guidelines. With respect to the Companion Loan, the Servicer shall (no later than the time(s) that it or any portion thereof is made available to the Certificate Administrator) make available to the Companion Loan Holders (if such Companion Loan Holder is not the Borrower or an Affiliate thereof) or, if the Companion Loan is securitized, the respective Other Servicer, the CREFC® Investor Reporting Package (excluding any templates) pursuant to Section 8.14(b))the terms of this Agreement on a monthly basis. The Special Servicer shall provide any templates relating to the Companion Loan included in the CREFC® Investor Reporting Package and prepared by the Special Servicer pursuant to the terms hereof to the Servicer promptly upon reasonable request. The Servicer shall provide any templates relating to the Companion Loan included in the CREFC® Investor Reporting Package (with respect to templates required to be prepared by the Special Servicer pursuant to the terms hereof, to the extent received) to the Other Servicer upon reasonable request.

Appears in 1 contract

Samples: Trust and Servicing Agreement (CSAIL 2017-Cx10 Commercial Mortgage Trust)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format which format is reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 2:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date immediately preceding each Distribution Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the The Certificate Administrator with shall prepare the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date StatementBond Level File. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared (or updated, as the case may be) by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx), on a calendar quarterly and annual basis within 30 days after the Servicer’s or Special Servicer’s, as applicable, receipt of each of the Loan Borrower’s quarterly financials (commencing with the quarter ending March 31September 30, 2020 2021) and annually within 30 days after receipt of each of the Loan Borrower’s annual financials for the year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable2021), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, that any analysis or report with respect to the first calendar quarter of each year shall will not be required to the extent not required to be provided in the then then-current applicable CREFC® guidelines. The Additionally, the Servicer shall furnish deliver the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet on a monthly basis to the Certificate Administrator; provided, however, the Servicer shall have no obligation to update such reports except as set forth in the immediately preceding paragraphs, and no analysis shall be required to the extent such analysis or update is not required to be provided under the then-current applicable CREFC® Guidelines. 119 In addition, on a calendar quarterly basis within 30 days after the Servicer’s receipt of each of the Loan Borrower’s quarterly financial statements (commencing with the quarter ending September 30, 2021), the Servicer shall deliver, to the extent it has received, or cause to be delivered to the Certificate Administrator in electronic format such financial statements. The Servicer shall make the CREFC® Reports produced by it pursuant (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI adjustment worksheet) available (i) prior to this Agreement not the securitization of the Companion Loan, to the Companion Loan Holder on each Distribution Date; and (ii) following securitization of the Companion Loan, to the master servicer of the Other Securitization Trust no later than two (2) Business Days after the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b))Determination Date.

Appears in 1 contract

Samples: Trust and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2021-C61)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, and each Companion Loan Holder in an electronic format which format is reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 2:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date immediately preceding each Distribution Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with The Trustee shall prepare the preparation of its CREFC® ReportsBond Level File. In addition, the Servicer (with respect to non-Specially Serviced Loans) shall provide prepare and make available to any Privileged Person and any Borrower Related Party that certifies to the Certificate Administrator with in the CREFC® Licensing Fee Rate form of Exhibit Y-2 that it is a Certificateholder or Beneficial Owner of a Certificate, on the Servicer’s internet website (initially, xxx.xxxxxxx.xxx/xxx0xxx), and the amount of CREFC® Licensing Fee paid Special Servicer (with respect to CREFC® for Specially Serviced Loans and REO Properties) shall prepare and deliver to the related Distribution Date for inclusion Servicer (who shall promptly make available to any Privileged Person and any Borrower Related Party that certifies to the Certificate Administrator in the Distribution Date Statement. The form of Exhibit Y-2 that it is a Certificateholder or Beneficial Owner of a Certificate, on the Servicer’s internet website (initially, xxx.xxxxxxx.xxx/xxx0xxx)) with respect to each Mortgaged Property and REO Property, a CREFC® Operating Statement Analysis Report and the a CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on within 30 days after the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx)or Special Servicer’s, on a as applicable, receipt of each of the Loan Borrowers’ quarterly and annual basis financials (commencing with the quarter ending March 31June 30, 2020 2016) and annually within 30 days after receipt of each of the Loan Borrowers’ annual financials for the year ending December 31, 20202016). In addition, each on a calendar quarterly basis within 60 30 days after the Servicer’s receipt by of each of the Loan Borrowers’ quarterly financial statements (commencing with the quarter ending June 30, 2016), the Servicer or the Special Servicershall deliver, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then current applicable CREFC® guidelines. The Servicer shall furnish it has received, or cause to be delivered to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b))financial statements.

Appears in 1 contract

Samples: Trust and Servicing Agreement (CSAIL 2016-C5 Commercial Mortgage Trust)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format which format is reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 2:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date immediately preceding each Distribution Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). The Certificate Administrator shall prepare the CREFC® Bond Level File. In addition, the Servicer (with respect to non-Specially Serviced Loans) shall prepare and make available to any Privileged Person on the Servicer’s internet website (initially, wxx.xxx.xxx/xxxxxxx), and the Special Servicer (with respect to Specially Serviced Loans and REO Property) shall prepare and deliver to the Servicer (who shall promptly make available to any Privileged Person on the Servicer’s internet website (initially, wxx.xxx.xxx/xxxxxxx) with respect to the Property and REO Property, a CREFC® Operating Statement Analysis Report and a CREFC® NOI Adjustment Worksheet within 30 days after the Servicer’s or Special Servicer’s, as applicable, receipt of each of the Loan Borrower’s quarterly financials (commencing with the quarter ending March 31, 2020) and annually within 30 days after receipt of each of the Loan Borrower’s annual financials for the year ending December 31, 2020); provided, however, that any analysis or report with respect to the first calendar quarter of each year will not be required to the extent not required to be provided in the then-current applicable CREFC® guidelines. Additionally, the Servicer shall deliver the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet on a monthly basis to the Certificate Administrator; provided, however, the Servicer shall have no obligation to update such reports except as set forth in the immediately preceding paragraphs, and no analysis shall be required to the extent such analysis or update is not required to be provided under the then-current applicable CREFC® Guidelines. In addition, on a calendar quarterly basis within 30 days after the Servicer’s receipt of each of the Loan Borrower’s quarterly financial statements (commencing with the quarter ending March 31, 2020), the Servicer shall deliver, to the extent it has received, or cause to be delivered to the Certificate Administrator such financial statements. The Servicer shall make the CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date Statement. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer adjustment worksheet) available (with respect to a Performing Mortgage Loani) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer prior to the Servicer (in securitization of the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available Companion Loan, to the Certificate Administrator by Companion Loan Holder on each Distribution Date; and (ii) following securitization of the Servicer (Companion Loan, to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 and year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, master servicer of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not Other Securitization Trust no later than two (2) Business Days after the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).Determination Date. 116

Appears in 1 contract

Samples: Trust and Servicing Agreement (CSAIL 2020-C19 Commercial Mortgage Trust)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate AdministratorAdministrator and each Companion Loan Holder, in an electronic format which format is reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 2:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date immediately preceding each Distribution Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the The Certificate Administrator with shall prepare the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date StatementBond Level File. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by In addition, the Servicer (with respect to a Performing Mortgage Loannon-Specially Serviced Loans) or shall prepare and make available to any Privileged Person on the Servicer’s internet website (initially, wxx.xxxxxxxxxx.xxx/xxx/xxxxxxxx), and the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) shall prepare and provided or made available by the Special Servicer deliver to the Servicer (in who shall promptly make available to any Privileged Person on the case of any Servicer’s internet website (initially, wxx.xxxxxxxxxx.xxx/xxx/xxxxxxxx) with respect to the Property and the Foreclosed Property, a CREFC® Operating Statement Analysis Report and the a CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on within 30 days after the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx)or Special Servicer’s, on a as applicable, receipt of each of the Loan Borrower’s quarterly and annual basis financials (commencing with the quarter ending March 31, 2020 2016) and annually within 30 days after receipt of the Loan Borrower’s annual financials for the year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable2016), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, that any analysis or report with respect to the first calendar quarter of each year shall will not be required to the extent not required to be provided in the then current applicable CREFC® guidelines. The In addition, on a calendar quarterly basis within 30 days after the Servicer’s receipt of each of the Loan Borrower’s quarterly financial statements (commencing with the quarter ending March 31, 2016), the Servicer shall furnish deliver, to the extent it has received, or cause to be delivered to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b))financial statements.

Appears in 1 contract

Samples: Trust and Servicing Agreement (GS Mortgage Securities Trust 2015-Gs1)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, and each Companion Loan Holder in an electronic format which format is reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 2:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date immediately preceding each Distribution Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with The Certificate Administrator shall prepare the preparation of its CREFC® ReportsBond Level File. In addition, the Servicer (with respect to non-Specially Serviced Loans) shall provide prepare and make available to any Privileged Person and any Borrower Related Party that certifies to the Certificate Administrator with in the CREFC® Licensing Fee Rate form of Exhibit BB-2 that it is a Certificateholder or Beneficial Owner of a Certificate, on the Servicer’s internet website (initially, xxx.xxxxxxx.xxx/xxx0xxx), and the amount of CREFC® Licensing Fee paid Special Servicer (with respect to CREFC® for Specially Serviced Loans and REO Property) shall prepare and deliver to the related Distribution Date for inclusion Servicer (who shall promptly make available to any Privileged Person and any Borrower Related Party that certifies to the Certificate Administrator in the Distribution Date Statement. The form of Exhibit BB-2 that it is a Certificateholder or Beneficial Owner of a Certificate, on the Servicer’s internet website (initially, xxx.xxxxxxx.xxx/xxx0xxx) with respect to the Property and REO Property, a CREFC® Operating Statement Analysis Report and the a CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on within 30 days after the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx)or Special Servicer’s, on a as applicable, receipt of each of the Loan Borrower’s quarterly and annual basis financials (commencing with the quarter ending March 31, 2020 2018) and annually within 30 days after receipt of each of the Loan Borrower’s annual financials for the year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable2018), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, that any analysis or report with respect to the first calendar quarter of each year shall will not be required to the extent not required to be provided in the then then-current applicable CREFC® guidelines. The Additionally, the Servicer shall furnish deliver the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet on a monthly basis to the Certificate Administrator; provided, however, the Servicer shall have no obligation to update such reports except as set forth in the immediately preceding paragraphs, and no analysis shall be required to the extent such analysis or update is not required to be provided under the then-current applicable CREFC® Guidelines. In addition, on a calendar quarterly basis within 30 days after the Servicer’s receipt of each of the Loan Borrower’s quarterly financial statements (commencing with the quarter ending December 31, 2017), the Servicer shall deliver, to the extent it has received, or cause to be delivered to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).financial statements. 117

Appears in 1 contract

Samples: Trust and Servicing Agreement (CSAIL 2017-Cx10 Commercial Mortgage Trust)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format which format is reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 2:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date immediately preceding each Distribution Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). The Certificate Administrator shall prepare the CREFC® Bond Level File. In addition, the Servicer (with respect to non-Specially Serviced Loans) shall prepare and make available to any Privileged Person on the Servicer’s internet website (initially, xxx.xxx.xxx/xxxxxxx), and the Special Servicer (with respect to Specially Serviced Loans and REO Property) shall prepare and deliver to the Servicer (who shall promptly make available to any Privileged Person on the Servicer’s internet website (initially, xxx.xxx.xxx/xxxxxxx) with respect to the Property and REO Property, a CREFC® Operating Statement Analysis Report and a CREFC® NOI Adjustment Worksheet within 30 days after the Servicer’s or Special Servicer’s, as applicable, receipt of each of the Loan Borrower’s quarterly financials (commencing with the quarter ending March 31, 2020) and annually within 30 days after receipt of each of the Loan Borrower’s annual financials for the year ending December 31, 2020); provided, however, that any analysis or report with respect to the first calendar quarter of each year will not be required to the extent not required to be provided in the then-current applicable CREFC® guidelines. Additionally, the Servicer shall deliver the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet on a monthly basis to the Certificate Administrator; provided, however, the Servicer shall have no obligation to update such reports except as set forth in the immediately preceding paragraphs, and no analysis shall be required to the extent such analysis or update is not required to be provided under the then-current applicable CREFC® Guidelines. In addition, on a calendar quarterly basis within 30 days after the Servicer’s receipt of each of the Loan Borrower’s quarterly financial statements (commencing with the quarter ending March 31, 2020), the Servicer shall deliver, to the extent it has received, or cause to be delivered to the Certificate Administrator such financial statements. The Servicer shall make the CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date Statement. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer adjustment worksheet) available (with respect to a Performing Mortgage Loani) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer prior to the Servicer (in securitization of the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available Companion Loan, to the Certificate Administrator by Companion Loan Holder on each Distribution Date; and (ii) following securitization of the Servicer (Companion Loan, to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 and year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, master servicer of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not Other Securitization Trust no later than two (2) Business Days after the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).Determination Date. 116

Appears in 1 contract

Samples: Trust and Servicing Agreement (Wells Fargo Commercial Mortgage Securities Inc)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, the 17g-5 Information Provider and the Companion Loan Holders, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 3:00 p.m. (New York time) on the Remittance Date after the first Distribution Date, the remaining all CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Loan Periodic Update File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its The CREFC® Reports, the Servicer Loan Periodic Update File shall provide be delivered to the Certificate Administrator with by the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Servicer no later than 2:00 p.m. (New York time) two Business Days preceding each Distribution Date for inclusion in the Distribution Date StatementDate. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared delivered to the Certificate Administrator by the Servicer (with respect in an electronic format mutually agreed to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer and the Certificate Administrator on a calendar quarterly basis within 30 days after the Servicer’s receipt of the Borrower’s quarterly financials (commencing within 30 days of the receipt of the Borrower’s financials for the quarter ending June 30, 2017 and annually within 30 days after receipt of the Borrower’s annual financials (commencing within 30 days of receipt of the Borrower’s annual financials for the year ending December 31, 2017. Notwithstanding anything herein to the contrary, the Servicer (in shall deliver the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer on a monthly basis not later than 5:00 p.m. (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed PropertyNew York time) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 and year ending December 31, 2020, Business Day immediately preceding each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually receivedDistribution Date; provided, however, that, with respect that the Servicer shall have no obligation to each CREFC® Operating Statement Analysis Report only, any update such reports except as set forth in the immediately preceding paragraph and no analysis or report with respect to the first calendar quarter of each year update shall not be required to the extent such analysis or update is not required to be provided in under the then current applicable CREFC® guidelines. With respect to the Companion Loan, the Servicer shall (no later than the time(s) that it or any portion thereof is made available to the Certificate Administrator) make available to the Companion Loan Holders (if such Companion Loan Holder is not the Borrower or an Affiliate thereof) or, if the Companion Loan is securitized, the respective Other Servicer, the CREFC® Investor Reporting Package (excluding any templates) pursuant to the terms of this Agreement on a monthly basis. The Special Servicer shall provide any templates relating to the Companion Loan included in the CREFC® Investor Reporting Package and prepared by the Special Servicer pursuant to the terms hereof to the Servicer promptly upon reasonable request. The Servicer shall furnish provide any templates relating to the Certificate Administrator Companion Loan included in electronic format the CREFC® Reports produced Investor Reporting Package (with respect to templates required to be prepared by it the Special Servicer pursuant to this Agreement not later than the time period specified in this Section 3.18(a)terms hereof, and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same extent received) to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b))Other Servicer upon reasonable request.

Appears in 1 contract

Samples: Trust and Servicing Agreement (UBS Commercial Mortgage Trust 2017-C1)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate AdministratorAdministrator and each Companion Loan Holder, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 p.m. 9:00 a.m. (New York time) two one (21) Business Days Day prior to each Distribution Date, the CREFC® Loan Periodic Update File and File, (ii) 2:00 1:00 p.m. (New York time) on the Remittance one (1) Business Day prior to each Distribution Date, any updated CREFC® Loan Periodic Update File, if applicable, and (iii) 3:00 p.m. (New York time) one (1) Business Day prior to each Distribution Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date Statement. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet internet website (wxx.xxxxxxx.xxx/xxx0xxxxxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 June 2015 and year ending December 31, 20202015, each within 60 30 days after receipt by the Servicer), within 30 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall will not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, that any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then then-current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).

Appears in 1 contract

Samples: Trust and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2015-C28)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date Statement. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a the Performing Mortgage Loan) or the Special Servicer (with respect to a the Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a the Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxxxxx.xxx.xxx/xxxxxxx), on a quarterly and annual basis (commencing with the quarter ending March 31June 30, 2020 and year ending December 31, 2020, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then current applicable CREFC® guidelines. The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).

Appears in 1 contract

Samples: Trust and Servicing Agreement (GS Mortgage Securities Trust 2020-Gc47)

Reports to the Certificate Administrator; Account Statements. (a) The Servicer shall prepare, or cause to be prepared, and deliver to the Certificate Administrator, in an electronic format reasonably acceptable to the Certificate Administrator, consistent with Accepted Servicing Practices, not later than (i) 5:00 p.m. (New York time) two (2) Business Days prior to each Distribution Date, the CREFC® Loan Periodic Update File and (ii) 2:00 p.m. (New York time) on the Remittance Date, the remaining CREFC® Reports (except the CREFC® Bond Level File, the CREFC® Collateral Summary File, the CREFC® Special Servicer Loan File, the CREFC® Special Servicer Property File, the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet). In connection with the preparation of its CREFC® Reports, the Servicer shall provide the Certificate Administrator with the CREFC® Licensing Fee Rate and the amount of CREFC® Licensing Fee paid to CREFC® for the related Distribution Date for inclusion in the Distribution Date Statement. The CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet shall be prepared by the Servicer (with respect to a Performing Mortgage Loan) or the Special Servicer (with respect to a Specially Serviced Mortgage Loan and any Foreclosed Property) and provided or made available by the Special Servicer to the Servicer (in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to a Specially Serviced Mortgage Loan or any Foreclosed Property) and made available to the Certificate Administrator by the Servicer (to the extent prepared by and received from the Special Servicer in the case of any CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet relating to the Specially Serviced Mortgage Loan or any Foreclosed Property) on the Servicer’s Internet website (wxx.xxxxxxx.xxx/xxx0xxxxxx.xxxxxxx.xxx/xxx0xxx), on a quarterly and annual basis (commencing with the quarter ending March 31, 2020 2021 and year ending December 31, 20202021, each within 60 days after receipt by the Servicer or the Special Servicer, as applicable), within 60 days after receipt by the Servicer or the Special Servicer, as applicable, of the financial statements, operating statements, rent rolls, or other information required to prepare (or, if previously prepared, update) the CREFC® Operating Statement Analysis Report and the CREFC® NOI Adjustment Worksheet, but shall not be deemed to have been received by the Certificate Administrator until such time as it is actually received; provided, however, that, with respect to each CREFC® Operating Statement Analysis Report only, any analysis or report with respect to the first calendar quarter of each year shall not be required to the extent provided in the then current applicable CREFC® guidelines. 133 The Servicer shall furnish to the Certificate Administrator in electronic format the CREFC® Reports produced by it pursuant to this Agreement not later than the time period specified in this Section 3.18(a), and the Certificate Administrator shall, in turn, deliver such CREFC® Reports to the 17g-5 Information Provider (who shall promptly post the same to the 17g-5 Information Provider’s Website pursuant to Section 8.14(b)).

Appears in 1 contract

Samples: Trust and Servicing Agreement (Benchmark 2020-B21 Mortgage Trust)

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