Common use of Remittance Reports; P&I Advances Clause in Contracts

Remittance Reports; P&I Advances. (a) Prior to the close of business on the eighth Business Day of each month, the Master Servicer shall furnish a statement to the Trustee and the Administrator, in such written and/or machine readable format as the Trustee and the Administrator shall each reasonably request, setting forth all information with respect to the Mortgage Loans as the Trustee, or the Administrator on behalf of the Trustee, may reasonably require to perform the calculations for the distributions contemplated by Section 4.01 and as the Administrator may reasonably require to prepare the statements to Certificateholders contemplated by Section 4.