Common use of Remittance Reports; Advances Clause in Contracts

Remittance Reports; Advances. (a) On the second Business Day following each Determination Date, the Servicer shall deliver to the Trustee by telecopy or electronic mail (or by such other means as the Servicer and the Trustee may agree from time to time) a Remittance Report with respect to the related Distribution Date. Not later than the second Business Day following each Determination Date, the Servicer shall deliver or cause to be delivered to the Trustee in addition to the information provided on the Remittance Report, such other information reasonably available to it with respect to the Mortgage Loans as the Trustee may reasonably require to perform the calculations necessary to make the distributions contemplated by Section 4.01 and to prepare the statements to Certificateholders contemplated by Section 4.03. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Appears in 16 contracts

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp Ast Back Certs Ser 2003-1), Pooling and Servicing Agreement (Meritage Mortgage Loan Trust 2004-2), Pooling and Servicing Agreement (Financial Asset Sec Corp Meritage Mortgage Loan Trust 2004 1)

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Remittance Reports; Advances. (a) On the second Business Day following each Determination Date, the Servicer shall deliver to the Trustee by telecopy or electronic mail (or by such other means as the Servicer and the Trustee may agree from time to time) a Remittance Report with respect to the related Distribution Date. Not later than the second Business Day following each Determination Date, the Servicer shall deliver or cause to be delivered to the Trustee in addition to the information provided on in the Remittance Report, such other information reasonably available to it with respect to the Mortgage Loans as the Trustee may reasonably require to perform the calculations necessary to make the distributions contemplated by Section 4.01 and to prepare the statements to Certificateholders contemplated by Section 4.03. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp First Frank Mort Loan Tr 2004-Ffh1), Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2004-Ff5), Pooling and Servicing Agreement (Financial Asset Securities Corp First Franklin Mortgage Loan Trust 2004-Ffh3)

Remittance Reports; Advances. (a) On the second Business Day following each Determination Date, the Servicer shall deliver to the Trustee by telecopy or electronic mail (or by such other means as the Servicer and the Trustee may agree from time to time) a Remittance Report with respect to the related Distribution Date. Not later than On the second Business Day following each Determination Datesame date, the Servicer shall deliver or cause to be delivered electronically forward to the Trustee in addition such medium as may be agreed between the Servicer and the Trustee the information set forth in such Remittance Report with respect to the information provided on the Remittance Report, related Distribution Date and such other information reasonably available to it with respect to the Mortgage Loans as Servicer necessary in order for the Trustee may reasonably require to perform the calculations necessary to make the distributions contemplated by Section 4.01 4.01, 4.02 and 4.03 and to prepare the statements to Certificateholders contemplated by Section 4.03Distribution Date Statement. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Abfc Asset Backed Certificates Series 2003-Ahl1), Pooling and Servicing Agreement (Abfc Asset-Backed Certificates Series 2003-Wmc1)

Remittance Reports; Advances. (a) On the second Business Day following each Determination Date, the Servicer shall deliver to the Trustee by telecopy or electronic mail (or by such other means as the Servicer and the Trustee may agree from time to time) a Remittance Report with respect to the related Distribution Date. Not later than the second Business Day following each Determination Date, the Servicer shall deliver or cause to be delivered to the Trustee in addition to the information provided on in the Remittance Report, such other information reasonably available to it with respect to the Mortgage Loans as the Trustee may reasonably require to perform the calculations necessary to make the distributions contemplated by Section 4.01 and to prepare the statements to Certificateholders 103 contemplated by Section 4.03. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Chec Loan Trust 2004-1)

Remittance Reports; Advances. (a) On the second Business Day following each Determination Date, the each Servicer shall deliver to the Trustee by telecopy or electronic mail (or by such other means as the related Servicer and the Trustee may agree from time to time) a Remittance Report with respect to the related Distribution Date. Not later than the second Business Day following each Determination Date, the each Servicer shall deliver or cause to be delivered to the Trustee in addition to the information provided on in the Remittance Report, such other information reasonably available to it with respect to the Mortgage Loans as the Trustee may reasonably require to perform the calculations necessary to make the distributions contemplated by Section 4.01 and to prepare the statements to Certificateholders contemplated by Section 4.03. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the either Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2005-Ctx1)

Remittance Reports; Advances. (a) On the second Business Day following each Determination Date, the Servicer shall deliver to the Trustee by telecopy or electronic mail (or by such other means as the Servicer and the Trustee may agree from time to time) a Remittance Report with respect to the related Distribution Date. Not later than On the second Business Day following each Determination Datesame date, the Servicer shall deliver or cause to be delivered electronically forward to the Trustee in addition such medium as may be agreed between the Servicer and the Trustee the information set forth in such Remittance Report with respect to the information provided on the Remittance Report, related Distribution Date and such other information reasonably available to it with respect to the Mortgage Loans as Servicer necessary in order for the Trustee may reasonably require to perform the calculations necessary to make the distributions contemplated by Section 4.01 4.01, 4.02 and 4.03 and to prepare the statements to Certificateholders contemplated by Section 4.034.06. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Abfc Asset Backed Certificates Series 2002-Nc1)

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Remittance Reports; Advances. (a) On the second Business Day following each Determination Date, the each Servicer shall deliver to the Trustee by telecopy or electronic mail (or by such other means as the Servicer and the Trustee may agree from time to time) a Remittance Report with respect to the related Distribution Date. Not later than On the second Business Day following each Determination Date, the each Servicer shall deliver or cause to be delivered to the Trustee in addition to the information provided on in the Remittance Report, such other information reasonably available to it with respect to the Mortgage Loans as the Trustee may reasonably require to perform the calculations necessary to make the distributions contemplated by Section 4.01 and to prepare the statements to Certificateholders contemplated by Section 4.03. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the either Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2004-1)

Remittance Reports; Advances. (a) On the second Business Day following each Determination Date, the Servicer shall deliver to the Trustee by telecopy or electronic mail (or by such other means as the Servicer and the Trustee may agree from time to time) a Remittance Report with respect to the 100 related Distribution Date. Not later than the second Business Day following each Determination Date, the Servicer shall deliver or cause to be delivered to the Trustee in addition to the information provided on the Remittance Report, such other information reasonably available to it with respect to the Mortgage Loans as the Trustee may reasonably require to perform the calculations necessary to make the distributions contemplated by Section 4.01 and to prepare the statements to Certificateholders contemplated by Section 4.03. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Equifirst Mortgage Loan Trust 2005-1)

Remittance Reports; Advances. (a) On the second Business Day following each Determination Date, the each Master Servicer shall deliver to the Trustee by telecopy or electronic mail (or by such other means as the Servicer and the Trustee may agree from time to time) a Remittance Report with respect to the related Distribution Date. Not later than the second Business Day following each Determination Date, the each Master Servicer shall deliver or cause to be delivered to the Trustee in addition to the information provided on the Remittance Report, such other information reasonably available to it with respect to the Mortgage Loans as the Trustee may reasonably require to perform the calculations necessary to make the distributions contemplated by Section 4.01 and to prepare the statements to Certificateholders contemplated by Section 4.03. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the either Master Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp Asset Back Certs Ser 2003-2)

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