Common use of Automated Interfaces Clause in Contracts

Automated Interfaces. HomeSide Lending shall provide automated interfaces and reporting with Banc One and overall support consistent with the service levels currently provided including, but not limited to, the following items: (i) General Ledger feed and balancing reports (ii) monthly report of interest accruals (iii) monthly report of non-accrual loans (iv) monthly accrual of net deferred fees (v) call report schedule RC-C, RC-N and RI and (vi) monthly basic loan data file. The parties shall mutually agree upon reasonable fees to be paid by Banc One to HomeSide Lending for developing the capacity for automated interface, based upon the actual hours worked by HomeSide Lending. If any such interface is not functional as of the Effective Date, HomeSide Lending and the Affiliate Mortgage Company shall in good faith cooperate with each other to provide the reports and support described above on manual basis.