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 and the Certificate Insurer a statement derived from information on the Servicer Remittance Report for the Group I Mortgage Loans that sets forth the following information for the Class A-1 Certificates and Group I and a statement derived from the information for the Group II Mortgage Loans that sets forth the following information for the Class A-2 Certificates and Group II, 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 or deemed to have been 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 or deemed to have been received from the related Mortgagors by the Servicer during such Collection Period;

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 Back-up Servicer and the Certificate Insurer a statement derived from information on the Servicer Remittance Report for the Group I Mortgage Loans that sets forth the following information for the Class A-1 Offered Certificates and Group I and a statement derived from the information for the Group II Mortgage Loans that sets forth the following information for the Class A-2 Certificates and Group II, 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 or deemed to have been 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 or deemed to have been 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;