Common use of Remittance Reports; Advances Clause in Contracts

Remittance Reports; Advances. (a) On the 10th day of each calendar month (or, if such 10th day is not a Business Day, then on the next succeeding Business Day), the Servicer shall furnish to the Trust Administrator a monthly remittance advice (which together with any supplemental reports is known as the “Remittance Report”) in a format attached as Exhibit R-2 or in any other format as mutually agreed to between the Servicer and the Trust Administrator, containing such information regarding the Mortgage Loans as is needed by the Trust Administrator to perform its duties as set forth in Section 4.01 and 4.02 hereof. Such Remittance Report will also include a delinquency report substantially in the form set forth in Exhibit R-1 and a realized loss report substantially in the form set forth in Exhibit R-3 (or in either case, such other format as mutually agreed to between the Servicer and the Trust Administrator). No later than 3 Business Days after the 15th day of each calendar month, the Servicer shall furnish to the Trust Administrator a monthly report containing such information regarding prepayments in full on Mortgage Loans during the applicable Prepayment Period in a format as mutually agreed to between the Servicer and the Trust Administrator. The Trust Administrator shall, on behalf of the Servicer, on such date furnish a copy of the Remittance Report to the Credit Risk Manager by such means as the Trust Administrator shall agree from time to time. The Trust Administrator shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Remittance Reports; Advances. (a) On the 10th day of each calendar month (or, if such 10th day is not a Business Day, then on the next succeeding Business Day), the Servicer shall furnish to the Trust Administrator a monthly remittance advice (which together with any supplemental reports is known as the “Remittance Report”) in a format attached as Exhibit R-2 or in any other format as mutually agreed to between the Servicer and the Trust Administrator, containing such information regarding the Mortgage Loans as is needed by the Trust Administrator to perform its duties as set forth in Section 4.01 and 4.02 hereof. Such Remittance Report will also include a delinquency report substantially in the form set forth in Exhibit R-1 and a realized loss report substantially in the form set forth in Exhibit R-3 (or in either case, such other format as mutually agreed to between the Servicer and the Trust Administrator). No later than 3 Business Days after the 15th day of each calendar month, the Servicer shall furnish to the Trust Administrator a monthly report containing such information regarding prepayments in full on Mortgage Loans during the applicable Prepayment Period in a format as mutually agreed to between the Servicer and the Trust Administrator. The Trust Administrator shall, on behalf of the each Servicer, on such date furnish a copy of the Remittance Report to the NIMS Insurer, the Credit Risk Manager by such means as the Trust Administrator shall agree from time to time. The Trust Administrator shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Remittance Reports; Advances. (a) On In the 10th case of HomEq as Servicer, on the 2nd Business Day following the Determination Date, but in no event later than noon on the 18th calendar day of each calendar month (or, if such 10th 18th day is not a Business DayDay (other than a Saturday), then on the next succeeding Business Day, or, if such 18th day is a Saturday, then on the preceding Business Day), in the case of Option One Mortgage Corporation as Servicer, no later than the 2nd Business Day (Pacific Time) following the Determination Date, the related Servicer shall furnish to the Trust Administrator Administrator, the NIMS Insurer and the Credit Risk Manager (subject to the related Credit Risk Management Agreement) a monthly remittance advice (which together with any supplemental reports is known as the “Remittance Report”) in a format attached as Exhibit R-2 or in any other format as mutually agreed to between the related Servicer and the Trust Administrator, containing such information regarding the Mortgage Loans as is needed by the Trust Administrator to perform its duties as set forth in Section 4.01 and 4.02 hereof. Such Remittance Report will also include a delinquency report substantially in the form set forth in Exhibit R-1 and a realized loss report substantially in the form set forth in Exhibit R-3 (or in either case, such other format as mutually agreed to between the related Servicer and the Trust Administrator). No later than 3 Business Days after the 15th day of each calendar month, the each Servicer shall furnish to the Trust Administrator a monthly report containing such information regarding prepayments in full on Mortgage Loans during the applicable Prepayment Period in a format as mutually agreed to between the related Servicer and the Trust Administrator. The Trust Administrator shall, on behalf of the Servicer, on such date furnish a copy of the Remittance Report to the Credit Risk Manager by such means as the Trust Administrator shall agree from time to time. The Trust Administrator shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Remittance Reports; Advances. (a) On In the case of HomEq, as Servicer, on the 2nd Business Day following the Determination Date, but in no event later than noon on the 18th calendar day (or, if such 18th day is not a Business Day (other than a Saturday), then on the next succeeding Business Day, or, if such 18th day is a Saturday, then on the preceding Business Day), in the case of Xxxxx Fargo as Servicer, no later than the 10th calendar day of each calendar month (or, if such 10th day is not a Business DayDay (other than a Saturday), then on the next succeeding Business Day, or, if such 10th day is a Saturday, then on the preceding Business Day), the each Servicer shall furnish to the Trust Administrator Administrator, the NIMS Insurer and the Credit Risk Manager (subject to the related Credit Risk Management Agreement) a monthly remittance advice (which together with any supplemental reports is known as the “Remittance Report”) in a format attached as Exhibit R-2 or in any other format as mutually agreed to between the related Servicer and the Trust Administrator, containing such information regarding the Mortgage Loans as is needed by the Trust Administrator to perform its duties as set forth in Section 4.01 and 4.02 hereof. Such Remittance Report will also include a delinquency report substantially in the form set forth in Exhibit R-1 and a realized loss report substantially in the form set forth in Exhibit R-3 (or in either case, such other format as mutually agreed to between the related Servicer and the Trust Administrator). No later than 3 Business Days after the 15th day of each calendar month, the each Servicer shall furnish to the Trust Administrator a monthly report containing such information regarding prepayments in full on Mortgage Loans during the applicable Prepayment Period in a format as mutually agreed to between the related Servicer and the Trust Administrator. The Trust Administrator shall, on behalf of the Servicer, on such date furnish a copy of the Remittance Report to the Credit Risk Manager by such means as the Trust Administrator shall agree from time to time. The Trust Administrator shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Remittance Reports; Advances. (a) On Not later than the 10th 17th day of each calendar month (or, or if such 10th 17th day is not a Business Day, then on the next succeeding following Business Day), the Servicer shall furnish deliver to the Trust Administrator a monthly remittance advice Administrator, the Credit Risk Manager and the NIMS Insurer by telecopy or electronic mail (which together with any supplemental reports is known or by such other means as the “Servicer and the Trust Administrator may agree from time to time) a Remittance Report”) Report in a format attached as Exhibit R-2 Q-2 or in any other format as mutually agreed to between the Servicer and the Trust Administrator, containing such information regarding the Mortgage Loans as is needed by the Trust Administrator to perform its duties as set forth in Section 4.01 and 4.02 hereof. Such Remittance Report will also shall include a delinquency report substantially in the form set forth in Exhibit R-1 Q-1 and a realized loss report substantially in the form set forth in Exhibit R-3 Q-3 (or in either case, such other format as mutually agreed to between the Servicer and the Trust Administrator). No Not later than 3 Business Days after the 15th 17th day of each calendar monthmonth or if such 17th day is not a Business Day, the following Business Day, the Servicer shall furnish deliver or cause to be delivered to the Trust Administrator a monthly report containing in addition to the information provided on the Remittance Report, such other information regarding prepayments in full on reasonably available to it with respect to the Mortgage Loans during the applicable Prepayment Period in a format as mutually agreed to between the Servicer and the Trust Administrator. The Trust Administrator shall, on behalf of the Servicer, on such date furnish a copy of the Remittance Report to the Credit Risk Manager by such means as the Trust Administrator shall agree from time may reasonably require to timeperform the calculations necessary to make the distributions contemplated by Section 4.01 and to prepare the statements to Certificateholders contemplated by Section 4.02. The Trust Administrator shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Remittance Reports; Advances. (a) On the 10th day of each calendar month (or, if such 10th day is not a Business Day, then on the next succeeding Business Day), the Servicer shall furnish to the Trust Administrator a monthly remittance advice (which together with any supplemental reports is known as the “Remittance Report”) in a format attached as Exhibit R-2 R-1 or in any other format as mutually agreed to between the Servicer and the Trust Administrator, containing such information regarding the Mortgage Loans as is needed by the Trust Administrator to perform its duties as set forth in Section 4.01 and 4.02 hereof. Such Remittance Report will also include a delinquency report substantially in the form set forth in Exhibit R-1 and a realized loss report substantially in the form set forth in Exhibit R-3 (or in either case, such other format as mutually agreed to between the Servicer and the Trust Administrator). No later than 3 Business Days after the 15th day of each calendar month, the Servicer shall furnish to the Trust Administrator a monthly report containing such information regarding prepayments in full on Mortgage Loans during the applicable Prepayment Period in a format as mutually agreed to between the Servicer and the Trust Administrator. The Trust Administrator shall, on behalf of the each Servicer, on such date furnish a copy of the Remittance Report to the NIMS Insurer, the Credit Risk Manager by such means as the Trust Administrator shall agree from time to time. The Trust Administrator shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Remittance Reports; Advances. (a) On the 10th day of each calendar month (or, if such 10th day is not a Business Day, then on the next succeeding Business Day), the Servicer shall furnish to the Trust Administrator a monthly remittance advice (which together with any supplemental reports is known as the “Remittance Report”) in a format attached as Exhibit S (with respect to JPMorgan) or Exhibit R-2 (with respect to Wxxxx Fargo) or in any other format as mutually agreed to between the Servicer and the Trust Administrator, containing such information regarding the Mortgage Loans as is needed by the Trust Administrator to perform its duties as set forth in Section 4.01 and 4.02 hereof. Such Remittance Report will also include a delinquency report substantially in the form set forth in Exhibit R-1 and a realized loss report substantially in the form set forth in Exhibit R-3 (or in either case, such other format as mutually agreed to between the Servicer and the Trust Administrator). No later than 3 Business Days after the 15th day of each calendar month, the Servicer shall furnish to the Trust Administrator a monthly report containing such information regarding prepayments in full on Mortgage Loans during the applicable Prepayment Period in a format as mutually agreed to between the Servicer and the Trust Administrator. The Trust Administrator shall, on behalf of the each Servicer, on such date furnish a copy of the Remittance Report to the Credit Risk Manager by such means as the Trust Administrator shall agree from time to time. The Trust Administrator shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Remittance Reports; Advances. (a) On Not later than the 10th 17th day of each calendar month (or, or if such 10th 17th day is not a Business Day, then on the next succeeding following Business Day), the Servicer shall furnish deliver to the Trust Administrator a monthly remittance advice Administrator, the Credit Risk Manager and the NIMS Insurer by telecopy or electronic mail (which together with any supplemental reports is known or by such other means as the “Servicer and the Trust Administrator may agree from time to time) a Remittance Report”) Report in a format attached as Exhibit R-2 Q-2 or in any other format as mutually agreed to between the Servicer and the Trust Administrator, containing such information regarding the Mortgage Loans as is needed by the Trust Administrator to perform its duties as set forth in Section 4.01 and 4.02 hereof. Such Remittance Report will also shall include a delinquency report substantially in the form set forth in Exhibit R-1 Q-1 and a realized loss report substantially in the form set forth in Exhibit R-3 Q-3 (or in either case, such other format as mutually agreed to between the Servicer and the Trust Administrator). No Not later than 3 Business Days after the 15th 17th day of each calendar monthmonth or if such 17th day is not a Business Day, the following Business Day, the Servicer shall furnish deliver or cause to be delivered to the Trust Administrator a monthly report containing in addition to the information provided on the Remittance Report, such other information regarding prepayments in full on reasonably available to it with respect to the Mortgage Loans during the applicable Prepayment Period in a format as mutually agreed to between the Servicer and the Trust Administrator. The Trust Administrator shall, on behalf of the Servicer, on such date furnish a copy of the Remittance Report to the Credit Risk Manager by such means as the Trust Administrator shall agree from time may reasonably require to timeperform the calculations necessary to make the distributions contemplated by Section 4.01 and to prepare the statements to Certificateholders contemplated by Section 4.02. The Trust Administrator shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Remittance Reports; Advances. (a) On the 10th day of each calendar month (or, if such 10th day is not a Business Day, then on the next succeeding Business Day), the Servicer shall furnish to the Trust Administrator a monthly remittance advice (which together with any supplemental reports is known as the “"Remittance Report”") in a format attached as Exhibit S (with respect to JPMorgan) or Exhibit R-2 (with respect to Wells Fargo) or in any ix xxx other format as mutually agreed to between the Servicer and the Trust Administrator, containing such information regarding the Mortgage Loans as is needed by the Trust Administrator to perform its duties as set forth in Section 4.01 and 4.02 hereof. Such Remittance Report will also include a delinquency report substantially in the form set forth in Exhibit R-1 and a realized loss report substantially in the form set forth in Exhibit R-3 (or in either case, such other format as mutually agreed to between the Servicer and the Trust Administrator). No later than 3 Business Days after the 15th day of each calendar month, the Servicer shall furnish to the Trust Administrator a monthly report containing such information regarding prepayments in full on Mortgage Loans during the applicable Prepayment Period in a format as mutually agreed to between the Servicer and the Trust Administrator. The Trust Administrator shall, on behalf of the each Servicer, on such date furnish a copy of the Remittance Report to the Credit Risk Manager by such means as the Trust Administrator shall agree from time to time. The Trust Administrator shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.