Common use of Distribution Date Statement Clause in Contracts

Distribution Date Statement. Not later than the second Business Day preceding a Distribution Date, the Trustee shall render to the Depositor an accounting which it shall make available to all Certificateholders. The Distribution Date Statement shall contain the following information with respect to the Mortgage Assets: (i) For the GPM Fund: (A) the balance in the GPM Fund immediately after the last Distribution Date; (B) the net Reinvestment Income, if any, earned and to be earned from the last Distribution Date to the next succeeding Distribution Date on amounts in the GPM Fund; (C) any withdrawals from the GPM Fund during the period since the Distribution Date pursuant to any Special Distributions; (D) any withdrawals from the GPM Fund during the period from the last Distribution Date to the next succeeding Distribution Date based upon the Accountants' Certificate as described in Section 17.01(e); (E) any balance in the GPM Fund, prior to any distributions therefrom, at the next succeeding Distribution Date as calculated in accordance with (i) through (iv) above; (F) the required balance of the GPM Fund as of the next succeeding Distribution Date based on the principal balances of the Mortgage Assets as of the most recent Principal Determination Date; (G) the amount by which the balance in the GPM Fund as calculated in (E) above will exceed the required balance as of the next succeeding Distribution Date as calculated in (F) above, if any; (H) the amount of the greater of the GPM Shortfall or GPM Prepayment Shortfall, to be withdrawn from the GPM Fund and deposited into the Certificate Account on the next succeeding Distribution Date; and (I) the sum of the amounts in (G) and (H) above, which must be transferred to the Certificate Account.