Common use of Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer Clause in Contracts

Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer. (a) Prior to the close of business on the Determination Date, the Master Servicer shall furnish a written statement to the Trustee, the Certificate Insurer, any Paying Agent and the Company setting forth (i) the Available Distribution Amount, (ii) the amounts required to be withdrawn from the Custodial Account or Reserve Fund and deposited into the Certificate Account on the immediately succeeding Certificate Account Deposit Date and (iii) the amount of Cumulative Insurance Payments as of such Determination Date; provided, however, that the Master Servicer shall provide to the Trustee a written statement setting forth the portion of the Senior Principal Distribution Amount distributable to the Insured Certificates on any Distribution Date no later than 12:00 Noon New York time on the Business Day immediately preceding each Determination Date to enable the Trustee to notify the Certificate Insurer in accordance with Section 12.