Common use of Oversight of Servicing Clause in Contracts

Oversight of Servicing. (a) Prior to each Distribution Date, the Back-Up Servicer shall review the reports received from the Servicer pursuant to Sections 5.16 and 6.5 (together, the "Reports") and shall determine the following: (i) that the Reports are complete in all material respects on their face for the purpose of calculating the amounts and making the comparisons set forth in subsection (b) below; and (ii) that the amount credited to and withdrawn from each of the Certificate Account, the Reserve Account, the Pre-Funding Account, the Capitalized Interest Account and the Insurance Account, and the balance of each such account, as set forth in the records of the Back- Up Servicer, is the same as the amount set forth in the Reports. (b) The Servicer shall deliver to the Back-Up Servicer on the fourth day following each Record Date, a computer tape containing the servicing information necessary for the Back-Up Servicer to perform its obligations pursuant to this Article and in a format prescribed by the Back-Up Servicer. The Back-Up Servicer shall prior to each Distribution Date, load such computer tape and make sure such computer tape is in readable form. Prior to such Distribution Date, the Back-Up Servicer shall, based solely on the information contained in such computer tape: (i) as to each Mortgage Loan, calculate the amount of principal and interest due on the Due Date preceding such Distribution Date and verify the Principal Balance as of such Due Date, and (ii) as of such Due Date, calculate the number and aggregate principal balance of Mortgage Loans that are (1) 30 days delinquent, (2) 60 days delinquent, (3) 90 days delinquent or more than 90 days delinquent, (4) under foreclosure proceedings and (5)

Oversight of Servicing. (a) Prior to each Distribution Date, the Back-Up Servicer shall review the reports received from the Servicer pursuant to Sections 5.16 and 6.5 (together, the "Reports") and shall determine the following: (i) that the Reports are complete in all material respects on their face for the purpose of calculating the amounts and making the comparisons set forth in subsection (b) below; and (ii) that the amount credited to and withdrawn from each of the Certificate Account, the Reserve Account, the Pre-Funding Account, the Capitalized Interest Account and the Insurance Account, and the balance of each such account, as set forth in the records of the Back- Back-Up Servicer, is the same as the amount set forth in the Reports. (b) The Servicer shall deliver to the Back-Up Servicer on the fourth day following each Record Date, a computer tape containing the servicing information necessary for the Back-Up Servicer to perform its obligations pursuant to this Article and in a the format prescribed by the Back-Up Servicerset forth in Exhibit O hereto. The Back-Back- Up Servicer shall prior to each Distribution Date, load such computer tape and make sure such computer tape is in readable form. Prior to such Distribution Date, the Back-Up Servicer shall, based solely on the information contained in such computer tape: (i) as to each Mortgage Loan, calculate the amount of principal and interest due on the Due Date preceding such Distribution Date and verify the Principal Balance as of such Due Date, and (ii) as of such Due Date, calculate the number and aggregate principal balance of Mortgage Loans that are (1) 30 days delinquent, (2) 60 days delinquent, (3) 90 days delinquent or more than 90 days delinquent, (4) under foreclosure proceedings and (5)