Common use of Trustee Distribution Date Statement Clause in Contracts

Trustee Distribution Date Statement. The Trustee shall, not later than the Business Day prior to each Deposit Date, furnish by telecopy to the Servicer, the Depositor and the Seller a statement derived from information on the Servicer Remittance Report that sets forth the following information for the Offered Certificates relating to the next succeeding Distribution Date: (a) the total amount of payments in respect of or allocable to interest on the Mortgage Loans received from the related Mortgagors by the Servicer during such Collection Period (including any net income from REO Properties received during the related Collection Period); (b) the aggregate amount of all Principal Prepayments received from the related Mortgagors by the Servicer during such Collection Period; (c) the aggregate amount of all Principal Payments received from the related Mortgagors by the Servicer during such Collection Period; (d) the total amount of Payments Ahead received during the related Collection Period; (e) the aggregate of any Trust Insurance Proceeds received by the Servicer during such Collection Period; (f) the aggregate of any Net Liquidation Proceeds received by the Servicer during such Collection Period; (g) the total amount of Compensating Interest payments to be paid by the Servicer pursuant to Section 3.08;