Common use of Monthly Statements to Noteholders Clause in Contracts

Monthly Statements to Noteholders. (a) Not later than each Distribution Date, the Indenture Trustee shall prepare and make available to each Noteholder, the Master Servicer, the Depositor and each Rating Agency a statement setting forth with respect to the related distribution: (i) the amount thereof allocable to principal, separately identifying the aggregate amount of any Principal Prepayments and Liquidation Proceeds included therein; (ii) the amount thereof allocable to interest, any accrued and unpaid Interest Distribution Shortfall Amounts included in such distribution and any remaining unpaid Interest Distribution Shortfall Amount after giving effect to such distribution; (iii) if the distribution to the Holders of such Notes is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interest; (iv) the Note Principal Amount after giving effect to the distribution of principal on such Distribution Date; (v) the Pool Scheduled Principal Balance for the following Distribution Date; (vi) the amount of the Servicing Fees paid to or retained by each Servicer with respect to such Distribution Date, and the amount of Master Servicing Fees paid to or retained by the Master Servicer with respect to such Distribution Date; (vii) the amount of Monthly Advances included in the distribution on such Distribution Date and the aggregate amount of Monthly Advances outstanding as of the close of business on such Distribution Date; (viii) the number and aggregate principal amounts of Mortgage Loans (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) one to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in foreclosure and delinquent (1) one to 30 days (2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days, as of the close of business on the last day of the calendar month preceding such Distribution Date; (ix) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Principal Balance of such Mortgage Loan as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof; (x) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date; (xi) the aggregate amount of Realized Losses incurred during the preceding calendar month; (xii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and (xiii) the Pre-Funded Amount, if any, in the Pre-Funding Account on the related Distribution Date, the amount of funds, if any, used to purchase Subsequent Mortgage Loans during the Pre-Funding Period and the amount of funds, if any, allocated as a prepayment of principal at the end of the Pre-Funding Period. The Indenture Trustee may make the above information available to Noteholders via the Indenture Trustee's website at [o].

Monthly Statements to Noteholders. (a) Not later than each Distribution Payment Date, the Indenture Trustee shall prepare and make available cause to be forwarded by first class mail to each NoteholderHolder of Notes, the Master Servicer, Servicer and the Depositor and each Rating Agency a statement setting forth with respect to for the related distributionNotes: (i) the amount thereof of the related payment to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein and Liquidation Proceeds (B) the aggregate of all scheduled payments of principal included therein; (ii) the amount thereof of such payment to Holders of each Class allocable to interest, any accrued and unpaid Interest Distribution Shortfall Amounts included in such distribution and any remaining unpaid Interest Distribution Shortfall Amount after giving effect to such distribution; (iii) if the distribution to the Holders Note Rate on each Class of such Notes is less than the full amount for that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interestPayment Date; (iv) the Note Principal Amount after giving effect to the distribution of principal on such Distribution Date[reserved]; (v) the Pool Scheduled Note Principal Balance of each Class after giving effect (i) to all payments allocable to principal on such Payment Date and (ii) the allocation of any Applied Realized Loss Amounts or Realized Loss Excess Coverage Amounts for the following Distribution such Payment Date; (vi) the aggregate of the Stated Principal Balance of the Mortgage Loans; (vii) the related amount of the Servicing Fees paid to or retained by each Servicer with respect to such Distribution Date, and the amount of Master Servicing Fees paid to or retained by the Master Servicer with respect to for the related Due Period; (viii) the Net Rate Carryover Amount paid on any Class of Notes on such Distribution Payment Date and any Net Rate Carryover Amounts remaining unpaid on any Class of Notes on such Payment Date; (viiix) the amount of Monthly Advances for each Loan Group included in the distribution payment on such Distribution Date and the aggregate amount of Monthly Advances outstanding as of the close of business on such Distribution Payment Date; (viiix) the amount of Applied Realized Loss Amounts or Realized Loss Excess Coverage Amounts applied to the Notes for such Payment Date and in the aggregate; (xi) the cumulative amount of Applied Realized Loss Amounts or Realized Loss Excess Coverage Amounts applied to the Notes to date; (xii) the number and aggregate principal amounts of Mortgage Loans Loans: (A) delinquent Delinquent (exclusive of Mortgage Loans in foreclosure) (1) one 30 to 30 days 59 days, (2) 31 60 to 60 89 days and (3) 61 to 90 days and (4) 91 or more days days, and (B) in foreclosure and delinquent Delinquent (1) one 30 to 30 days 59 days, (2) 31 60 to 60 89 days and (3) 61 to 90 days and (4) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Payment Date; (ixxiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Stated Principal Balance of such Mortgage Loan and the date of acquisition thereof; (xiv) the aggregate Stated Principal Balances of any Mortgage Loans converted to REO Properties as of the close of business on the Determination Date preceding such Distribution Date and the date of acquisition thereof; (x) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Payment Date; (xixv) the aggregate amount Stated Principal Balances of Realized Losses incurred during the preceding calendar monthall Liquidated Loans; (xiixvi) with respect to any Liquidated Loan, the loan number and Stated Principal Balance relating thereto; (xvii) [reserved]; (xviii) all payments made by the Master Servicer in respect of Prepayment Interest Shortfalls for such Payment Date; (xix) [reserved]; (xx) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and (xiii) the Pre-Funded Amount, if any, amount remaining in the Pre-Funding Account on as of such Payment Date; (xxi) the number of Mortgage Loans with respect to which (i) a reduction in the Mortgage Rate has occurred or (ii) the related Distribution Dateborrower's obligation to repay principal and interest on a monthly basis has been suspended or reduced pursuant to the Servicemembers Civil Relief Act, as amended, or the California Military and Veterans Code, as amended; and the amount of funds, if any, used interest and principal not required to purchase Subsequent be paid with respect to any such Mortgage Loans during the Pre-Funding related Due Period as a result of such reductions; (xxii) the number and the principal balance of Mortgage Loans with respect to any real estate acquired through foreclosure or grant of a deed in lieu of foreclosure; (xxiii) the aggregate amount of fundsall Advances recovered during the related Due Period (xxiv) Number and amount of pool assets at the beginning and ending of each period, and updated pool composition information, such as weighted average coupon, weighted average life, weighted average remaining term, pool factors and prepayment amounts. (xxv) In addition, describe any material changes to methodology regarding calculations of delinquencies and charge-offs. (xxvi) Information on the amount, terms and general purpose of any advances made or reimbursed during the period, including the general use of funds advanced and the general source of funds for reimbursements. (xxvii) Any material modifications, extensions or waivers to pool asset terms, fees, penalties or payments during the distribution period or that have cumulatively become material over time. (xxviii) Material breaches of pool asset representations or warranties or transaction covenants. (xxix) Information on ratio, coverage or other tests used for determining any early amortization, liquidation or other performance trigger and whether the trigger was met. (xxx) Information regarding any new issuance of asset-backed securities backed by the same asset pool, any pool asset changes (other than in connection with a pool asset converting into cash in accordance with its terms), such as additions or removals in connection with a prefunding or revolving period and pool asset substitutions and repurchases (and purchase rates, if anyapplicable), allocated and cash flows available for future purchases, such as a prepayment the balances of principal at any prefunding or revolving accounts, if applicable. Disclose any material changes in the end solicitation, credit-granting, underwriting, origination, acquisition or pool selection criteria or procedures, as applicable, used to originate, acquire or select the new pool assets. (b) The Indenture Trustee's responsibility for disbursing the above information to the Noteholders is limited to the availability, timeliness and accuracy of the Pre-Funding Periodinformation derived from the Master Servicer. The Indenture Trustee will send a copy of each statement provided pursuant to this Section 4.05 to each Rating Agency. The Indenture Trustee may make the above information available to Noteholders via the Indenture Trustee's website at [o]▇▇▇▇://▇▇▇. ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.

Monthly Statements to Noteholders. (a) Not later than each Distribution Payment Date, the Indenture Trustee shall prepare and make available cause to be forwarded by first class mail to each NoteholderHolder of Notes, the Master Servicer, Servicer and the Depositor and each Rating Agency a statement setting forth with respect to for the related distributionNotes: (i) the amount thereof of the related payment to Holders of each Class allocable to principal, separately identifying (A) the aggregate amount of any Principal Prepayments included therein and Liquidation Proceeds (B) the aggregate of all scheduled payments of principal included therein; (ii) the amount thereof of such payment to Holders of each Class allocable to interest, any accrued and unpaid Interest Distribution Shortfall Amounts included in such distribution and any remaining unpaid Interest Distribution Shortfall Amount after giving effect to such distribution; (iii) if the distribution to the Holders Note Rate on each Class of such Notes is less than the full amount for that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall and the allocation thereof as between principal and interestPayment Date; (iv) the Note Principal Amount after giving effect to the distribution Interest Carry Forward Amounts for each class of principal on such Distribution DateNotes (if any); (v) the Pool Scheduled Note Principal Balance of each Class of Offered Notes after giving effect to (i) all distributions allocable to principal on the Payment Date, (ii) the allocation of any Applied Realized Loss Amounts for the following Distribution Payment Date and (iii) the allocation of any Subsequent Recoveries for the Payment Date;, (vi) the aggregate of the Stated Principal Balance of the Mortgage Loans; (vii) the related amount of the Servicing Fees paid to or retained by each Servicer with respect to such Distribution Date, and the amount of Master Servicing Fees paid to or retained by the Master Servicer with respect to for the related Due Period; (viii) the Net Rate Carryover Amount paid on any Class of Notes on such Distribution Payment Date and any Net Rate Carryover Amounts remaining unpaid on any Class of Notes on such Payment Date; (viiix) the amount of Monthly Advances included in the distribution payment on such Distribution Date and the aggregate amount of Monthly Advances outstanding as of the close of business on such Distribution Payment Date; (viiix) the amount of Applied Realized Loss Amounts applied to the Notes for such Payment Date; (xi) the cumulative amount of Applied Realized Loss Amounts applied to the Notes to date; (xii) the number and aggregate principal amounts of Mortgage Loans Loans: (A) delinquent Delinquent (exclusive of Mortgage Loans in foreclosure) (1) one 30 to 30 days 59 days, (2) 31 60 to 60 89 days and (3) 61 to 90 days and (4) 91 or more days days, and (B) in foreclosure and delinquent Delinquent (1) one 30 to 30 days 59 days, (2) 31 60 to 60 89 days and (3) 61 to 90 days and (4) 91 or more days, in each case as of the close of business on the last day of the calendar month preceding such Distribution Payment Date; (ixxiii) with respect to any Mortgage Loan that became an REO Property during the preceding calendar month, the loan number and Scheduled Stated Principal Balance of such Mortgage Loan and the date of acquisition thereof; (xiv) the aggregate Stated Principal Balances of any Mortgage Loans converted to REO Properties as of the close of business on the Determination Date preceding such Distribution Date Payment Date, and the date of acquisition thereof; (x) the total number and principal balance of any REO Properties (and market value, if available) as of the close of business on the Determination Date preceding such Distribution Date; (xi) the aggregate amount of Realized Losses incurred during the preceding calendar month; (xii) the Special Hazard Loss Coverage Amount, the Fraud Loss Coverage Amount and the Bankruptcy Loss Coverage Amount, in each case as of the related Determination Date; and (xiii) the Pre-Funded Amount, if any, in the Pre-Funding Account on the related Distribution Dateafter a TMP Trigger Event but prior to a REMIC Conversion, the amount of fundsproceeds received in connection with the sale of all REO Property; (xv) the aggregate Stated Principal Balances of all Liquidated Loans; (xvi) with respect to any Liquidated Loan, if any, used to purchase Subsequent Mortgage Loans during the Pre-Funding Period loan number and Stated Principal Balance relating thereto; (xvii) the amount of funds, if any, any Net Swap Payment and any Swap Termination Payment (a) payable to the Swap Counterparty with respect to such Payment Date or (b) payable to the Swap Contract Administrator for such Payment Date and allocated as to the Trust; (xviii) whether a prepayment Trigger Event is in effect; (xix) all payments made by the Master Servicer in respect of principal at the end of the Pre-Funding Period. The Indenture Trustee may make the above information available to Noteholders via the Indenture Trustee's website at [o]Compensating Interest for such Payment Date.