Common use of Sales of Securities and Use of Proceeds Clause in Contracts

Sales of Securities and Use of Proceeds. Information from Item 2(a) of Part II of Form 10-Q: With respect to any sale of securities by the sponsor, depositor or issuing entity, that are backed by the same asset pool or are otherwise issued by the issuing entity, whether or not registered, provide the sales and use of proceeds information in Item 701 of Regulation S-K. Pricing information can be omitted if securities were not registered. X 4 Defaults Upon Senior Securities Information from Item 3 of Part II of Form 10-Q: Report the occurrence of any Event of Default (after expiration of any grace period and provision of any required notice) X (only with respect to any servicer event of default) 5 Submission of Matters to a Vote of Certificateholders Information from Item 4 of Part II of Form 10-Q X 6 Significant Obligors of Pool Assets Item 1112(b) - Significant Obligor Financial Information* X *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Item. 7 Significant Enhancement Provider Information Item 1114(b)(2) - Credit Enhancement Provider Financial Information* Determining applicable disclosure threshold X Requesting required financial information or effecting incorporation by reference X Item 1115(b) - Derivative Counterparty Financial Information* Determining current maximum probable exposure X Determining current significance percentage X Requesting required financial information or effecting incorporation by reference X *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Items. 8 Other Information Disclose any information required to be reported on Form 8-K during the period covered by the Form 10-D but not reported The Responsible Party for the applicable Form 8-K item as indicated below. 9 Exhibits Distribution report X Exhibits required by Item 601 of Regulation S-K, such as material agreements X 8-K Must be filed within four business days of an event reportable on Form 8-K.

Appears in 2 contracts

Samples: Custodial Agreement (SACO I Trust 2006-6), Pooling and Servicing Agreement (SACO I Trust 2006-9)

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Sales of Securities and Use of Proceeds. Information from Item 2(a) of Part II of Form 10-Q: With respect to any sale of securities by the sponsor, depositor or issuing entity, that are backed by the same asset pool or are otherwise issued by the issuing entity, whether or not registered, provide the sales and use of proceeds information in Item 701 of Regulation S-K. Pricing information can be omitted if securities were not registered. X 4 Defaults Upon Senior Securities Information from Item 3 of Part II of Form 10-Q: Report the occurrence of any Event of Default (after expiration of any grace period and provision of any required notice) X (only with respect to any servicer event of default) 5 Submission of Matters to a Vote of Certificateholders Security Holders Information from Item 4 of Part II of Form 10-Q X 6 Significant Obligors of Pool Assets Item 1112(b) - Significant Obligor Financial Information* X *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Item. 7 Significant Enhancement Provider Information Item 1114(b)(2) - Credit Enhancement Provider Financial Information* Determining applicable disclosure threshold X Requesting Obtain required financial information or effecting incorporation by reference X Item 1115(b) - Derivative Counterparty Financial Information* Determining current maximum probable exposure X Determining current significance percentage X Requesting Notify derivative counterparty of significance percentage and request required financial information X Obtain required financial information or effecting incorporation by reference X *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Items. 8 Other Information Disclose any information required to be reported on Form 8-K during the period covered by the Form 10-D but not reported The Responsible Party for the applicable Form 8-K item as indicated below. 9 Exhibits Distribution report X Exhibits required by Item 601 of Regulation S-K, such as material agreements X 8-K Must be filed within four business days of an event reportable on Form 8-K.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-St1), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-Ac3)

Sales of Securities and Use of Proceeds. Information from Item 2(a) of Part II of Form 10-Q: With respect to any sale of securities by the sponsor, depositor or issuing entity, that are backed by the same asset pool or are otherwise issued by the issuing entity, whether or not registered, provide the sales and use of proceeds information in Item 701 of Regulation S-K. Pricing information can be omitted if securities were not registered. X Form Item Description Servicer Trustee Depositor Sponsor 4 Defaults Upon Senior Securities Information from Item 3 of Part II of Form 10-Q: Report the occurrence of any Event of Default (after expiration of any grace period and provision of any required notice) X (only with respect to any servicer event of default) X X 5 Submission of Matters to a Vote of Certificateholders Information from Item 4 of Part II of Form 10-Q X 6 Significant Obligors of Pool Assets Item 1112(b) - Significant Obligor Financial Information* X *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Item. 7 Significant Enhancement Provider Information Item 1114(b)(2) - Credit Enhancement Provider Financial Information* Determining applicable disclosure threshold X Requesting required financial information or effecting incorporation by reference X Item 1115(b) - Derivative Counterparty Financial Information* Determining current maximum probable exposure X Determining current significance percentage X Form Item Description Servicer Trustee Depositor Sponsor Requesting required financial information or effecting incorporation by reference X *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Items. 8 Other Information Disclose any information required to be reported on Form 8-K during the period covered by the Form 10-D but not reported The Responsible Party for the applicable Form 8-K item as indicated below. 9 Exhibits Distribution report Report X Exhibits required by Item 601 of Regulation S-K, such as material agreements X 8-K Must be filed within four business days of an event reportable on Form 8-K.K

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (NovaStar Certificates Financing LLC), Pooling and Servicing Agreement (NovaStar Certificates Financing CORP)

Sales of Securities and Use of Proceeds. Information from Item 2(a) of Part II of Form 10-Q: With respect to any sale of securities by the sponsor, depositor or issuing entity, that are backed by the same asset pool or are otherwise issued by the issuing entity, whether or not registered, provide the sales and use of proceeds information in Item 701 of Regulation S-K. Pricing information can be omitted if securities were not registered. X Depositor or Master Servicer 4 Defaults Upon Senior Securities Information from form Item 3 of Part II of Form 10-Q: Report the occurrence of any Event of Default (after expiration of any grace period and provision of any required notice) X (only with respect to any servicer event of default) N/A 5 Submission of Matters to a Vote of Certificateholders Security Holders Information from Item 4 of Part II of Form 10-Q X Indenture Trustee 6 Significant Obligors of Pool Assets Item 1112(b) - Significant Obligor Financial Information* X *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Item. Item 7 Significant Enhancement Provider Information Item 1114(b)(2) - Credit Enhancement Provider Financial Information* Determining applicable disclosure threshold X Requesting Obtaining required financial information or effecting incorporation by reference X N/A N/A Item 1115(b) - Derivative Counterparty Financial Information* Determining current maximum probable exposure X Determining current significance percentage X Requesting Obtaining required financial information or effecting incorporation by reference X [TBD] [TBD] Depositor or Master Servicer *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Items. 8 Other Information Disclose any information required to be reported on Form 8-K during the period covered by the Form 10-D but not reported The Responsible Party Entity for the applicable Form 8-K item as indicated below. below 9 Exhibits Distribution report X Indenture Trustee Exhibits required by Item 601 of Regulation S-K, such as material agreements X 8-K Must be filed within four business days of an event reportable on Form 8-K.Depositor

Appears in 1 contract

Samples: Sale and Servicing Agreement (Sast 2006-3)

Sales of Securities and Use of Proceeds. Information from Item 2(a) of Part II of Form 10-Q: With respect to any sale of securities by the sponsor, depositor or issuing entity, that are backed by the same asset pool or are otherwise issued by the issuing entity, whether or not registered, provide the sales and use of proceeds information in Item 701 of Regulation S-K. Pricing information can be omitted if securities were not registered. X M-6 Form Item Description Servicer Trustee Depositor Sponsor Custodian 4 Defaults Upon Senior Securities Information from Item 3 of Part II of Form 10-Q: Report the occurrence of any Event of Default (after expiration of any grace period and provision of any required notice) X (only with respect to any servicer event of default) X 5 Submission of Matters to a Vote of Certificateholders Noteholders Information from Item 4 of Part II of Form 10-Q X 6 Significant Obligors of Pool Assets Item 1112(b) - Significant Obligor Financial Information* X *This information need only be reported on the Form 10-D for the distribution payment period in which updated information is required pursuant to the Item. 7 Significant Enhancement Provider Information Item 1114(b)(2) - Credit Enhancement Provider Financial Information* Determining applicable disclosure threshold X M-7 Form Item Description Servicer Trustee Depositor Sponsor Custodian Requesting required financial information or effecting incorporation by reference X Item 1115(b) - Derivative Counterparty Financial Information* Determining current maximum probable exposure X Determining current significance percentage X Requesting required financial information or effecting incorporation by reference X *This information need only be reported on the Form 10-D for the distribution payment period in which updated information is required pursuant to the Items. 8 Other Information Disclose any information required to be reported on Form 8-K during the period covered by the Form 10-D but not reported The Responsible Party for the applicable Form 8-K item as indicated below. 9 Exhibits Distribution report Payment Report X Exhibits required by Item 601 of Regulation S-K, such as material agreements X M-8 Form Item Description Servicer Trustee Depositor Sponsor Custodian 8-K Must be filed within four business days of an event reportable on Form 8-K.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (NovaStar Certificates Financing CORP)

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Sales of Securities and Use of Proceeds. Information from Item 2(a) of Part II of Form 10-Q: With respect to any sale of securities by the sponsor, depositor or issuing entity, that are backed by the same asset pool or are otherwise issued by the issuing entity, whether or not registered, provide the sales and use of proceeds information in Item 701 of Regulation S-K. Pricing information can be omitted if securities were not registered. X 4 Defaults Upon Senior Securities Information from Item 3 of Part II of Form 10-Q: Report the occurrence of any Event of Default (after expiration of any grace period and provision of any required notice) X (only with respect to any servicer event of default) X 5 Submission of Matters to a Vote of Certificateholders Security Holders Information from Item 4 of Part II of Form 10-Q X X 6 Significant Obligors of Pool Assets Item 1112(b) - Significant Obligor Financial Information* X X *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Item. 7 Significant Enhancement Provider Information Item 1114(b)(2) - Credit Enhancement Provider Financial Information* Determining applicable disclosure threshold X Requesting required financial information or effecting incorporation by reference X Item 1115(b) - Derivative Counterparty Financial Information* Determining current maximum probable exposure X Determining current significance percentage X Requesting required financial information or effecting incorporation by reference X *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Items. 8 Other Information Disclose any information required to be reported on Form 8-K during the period covered by the Form 10-D but not reported The Responsible Party for the applicable Form 8-K item as indicated below. 9 Exhibits Distribution report X Exhibits required by Item 601 of Regulation S-K, such as material agreements X 8-K Must be filed within four business days of an event reportable on Form 8-K.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Asap6)

Sales of Securities and Use of Proceeds. Information from Item 2(a) of Part II of Form 10-Q: With respect to any sale of securities by the sponsor, depositor or issuing entity, that are backed by the same asset pool or are otherwise issued by the issuing entity, whether or not registered, provide the sales and use of proceeds information in Item 701 of Regulation S-K. Pricing information can be omitted if securities were not registered. X Depositor or Servicer 4 Defaults Upon Senior Securities Information from form Item 3 of Part II of Form 10-Q: Report the occurrence of any Event of Default (after expiration of any grace period and provision of any required notice) X (only with respect to any servicer event of default) N/A 5 Submission of Matters to a Vote of Certificateholders Security Holders Information from Item 4 of Part II of Form 10-Q X Trustee 6 Significant Obligors of Pool Assets Item 1112(b) - Significant Obligor Financial Information* X *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Item. Item 7 Significant Enhancement Provider Information Item 1114(b)(2) - Credit Enhancement Provider Financial Information* Determining applicable disclosure threshold X Requesting Obtaining required financial information or effecting incorporation by reference X N/A N/A Item 1115(b) - Derivative Counterparty Financial Information* Determining current maximum probable exposure X Determining current significance percentage X Requesting Obtaining required financial information or effecting incorporation by reference X [TBD] [TBD] Depositor *This information need only be reported on the Form 10-D for the distribution period in which updated information is required pursuant to the Items. 8 Other Information Disclose any information required to be reported on Form 8-K during the period covered by the Form 10-D but not reported The Responsible Party Entity for the applicable Form 8-K item as indicated below. below 9 Exhibits Distribution report X Trustee Exhibits required by Item 601 of Regulation S-K, such as material agreements X Depositor 8-K Must be filed within four business days of an event reportable on Form 8-K.K

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Saxon Asset Securities Trust 2007-1)

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