Distribution Date Report Sample Clauses
The Distribution Date Report clause requires the preparation and delivery of a report detailing the distributions made on a specified date, typically in the context of financial agreements or investment vehicles. This report usually includes information such as the amounts distributed, the recipients, and the calculation methods used. By mandating regular and transparent reporting, this clause ensures that all parties are kept informed about the timing and allocation of distributions, thereby promoting accountability and reducing the risk of disputes over payments.
Distribution Date Report. (a) On each Distribution Date, the Securities Administrator shall make available to the other parties hereto a report containing information with respect to such Distribution Date (each, a “Distribution Date Report”), including the following items (on the basis of information provided with respect to the Mortgage Loans on the Servicer Report):
(i) the Interest Proceeds;
(ii) the Principal Proceeds, including Liquidation Proceeds and Insurance Proceeds, stating separately the amount attributable to Scheduled Monthly Payments of principal and unscheduled payments in the nature of principal;
(iii) the amount of principal distributed on each Class of Certificates;
(iv) the Certificate Principal Balance of each class of Certificates, to the extent applicable, as of such Distribution Date after giving effect to payments allocated to principal reported under subclause (iii) above;
(v) the Pass-Through Rate, if applicable, for each Class of Certificates for such Distribution Date;
(vi) the Net WAC Cap Carryover Amounts distributed on such Distribution Date, the amounts remaining unpaid after giving effect to distributions thereof on such Distribution Date and the amounts of all Net WAC Carryover Amounts covered by withdrawals from the Reserve Account on such Distribution;
(vii) the amount of any Realized Losses incurred with respect to the Mortgage Loans (x) in the applicable Prepayment Period and (y) in the aggregate since the Cut-off Date;
(viii) the amount of the Servicing Fees and Master Servicing Fees paid during the Due Period to which such Distribution Date relates;
(ix) the number and aggregate Scheduled Principal Balance of Mortgage Loans, as reported to the Master Servicer and the Securities Administrator by the Servicer:
(A) remaining outstanding,
(B) delinquent 30 to 59 days on a contractual basis,
(C) delinquent 60 to 89 days on a contractual basis,
(D) delinquent 90 or more days on a contractual basis, (E) as to which foreclosure proceedings have been commenced as of the close of business on the last Business Day of the calendar month immediately preceding the month in which such Distribution Date occurs,
Distribution Date Report. On each Distribution Date, the Securities Administrator shall make available to the other parties hereto a report containing information with respect to such Distribution Date (each, a "Distribution Date Report"), including the following items (on the basis of information provided with respect to the Mortgage Loans by the Servicers):
Distribution Date Report. Each calendar month, commencing December 2023, the Company shall cause to be furnished to the Collateral Agent and the Notes Designee, on or prior to the seventh Business Day preceding the Distribution Date occurring during such calendar month, the Distribution Date Report, which report shall specify the amounts and recipients of all funds to be distributed by the Paying Agent on such Distribution Date. The Distribution Date Report shall be certified by a Responsible Officer (or an equivalent officer) of the Company. The Company shall also cause the Paying Agent Report to be made available to the Collateral Agent and the Notes Designee in accordance with the terms of the Custodial and Paying Agency Agreement.