Common use of Administration; Reports Clause in Contracts

Administration; Reports. In general, the Custodian shall attend to all nondiscretionary details in connection with maintaining custody of the Mortgage Files on behalf of the Trustee, and to provide the Trustee with notification of any change in status of any Mortgage File. In addition, the Custodian shall assist the other parties hereto, who are preparing routine reports to Certificateholders, at the request of any such party, or to regulatory bodies, to the extent necessitated by the Custodian's custody of the Mortgage Files.

Appears in 10 contracts

Sources: Pooling and Servicing Agreement (Salomon Brothers Mort Sec Vii Inc Asset Bk Cert Ser 1998-Aq1), Pooling and Servicing Agreement (Salomon Bros Mort Sec Viiinc Ast Bk Fl Rte Cer Se 1997-Lb5), Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Asset Bk Fl Rte Ce Se 1996 Lb3)

Administration; Reports. In general, the Custodian shall ----------------------- attend to all nondiscretionary details in connection with maintaining custody of the Mortgage Files on behalf of the Trustee, and to provide the Trustee with notification of any change in status of any Mortgage File. In addition, the Custodian shall assist the other parties hereto, hereto who are preparing routine reports to CertificateholdersCertificateholders or to regulatory bodies, at the request of any such party, or to regulatory bodies, party and to the extent necessitated by the Custodian's custody of the Mortgage Files.

Appears in 1 contract

Sources: Custodial Agreement (LTC Properties Inc)

Administration; Reports. In general, the Custodian shall attend to all nondiscretionary details in connection with maintaining custody of the Mortgage Files on behalf of the Indenture Trustee, and to provide the Indenture Trustee with notification of any change in status of any Mortgage FileFile to which the Custodian has knowledge. In addition, the Custodian shall assist the other parties hereto, who are preparing routine reports to CertificateholdersNoteholders, at the request of any such party, or to regulatory bodies, to the extent necessitated necessi ▇▇▇▇▇ by the Custodian's custody of the Mortgage Files.

Appears in 1 contract

Sources: Indenture (Salomon Br Mor Sec Vii Inc Series 1998-11)