Common use of Reports and Notices Clause in Contracts

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expenses.

Reports and Notices. (a) 1. In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company Company, as Master Servicer Servicer, shall provide to the Purchaser the following notices and reports: (ia) Within five Business Days after each Distribution Date (or included in or with the monthly statements statement to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, Company shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, report indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (iib) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) 2. If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, inquiries by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (Ba)(i)(B), (a) (i) (Ca)(i)(C), (aa)(i)(D) (i) (D), or (a) (iia)(ii) which has been given to the Purchaser; provided, that (1) the related Servicer Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer Company shall respond within five Business Days orally or in writing by facsimile transmissionnot be required to provide any written information under this subsection. (c) 3. In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety sixty days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, provided that the related Servicer Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse confidential. (a) With respect to all Mortgage Loans which are serviced at any time by the Company through a Subservicer, the Company shall be entitled to rely for all purposes hereunder, including for purposes of fulfilling its reporting obligations under this Section 2.01 on the accuracy and completeness of any information provided to it by the related Servicer for any out of pocket expensesapplicable Subservicer.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) : Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, Company shall provide to the Purchaser a reportreport identifying all loans delinquent 30 days or more (including all loans in foreclosure, using bankruptcy or "real estate owned" status) (each, a "Delinquency Report"). The Delinquency Report shall use the same methodology and calculations employed in its the Company's standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (Ai) thirty daysdays delinquent, (Bii) sixty daysdays delinquent, (Ciii) ninety days or more delinquent or delinquent, (Div) in foreclosure, (v) in bankruptcy or (vi) real estate owned, and indicating for each such Mortgage Loan the loan number number, the property address and the outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan (i) identified in a report under subsection Section 2.01 (a) (i) (Bii), (a) (i) (Ciii), (a) (iiv), (a) (D), v) or (a) (ii) which has been given to the Purchaservi); provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser Company (for prompt transmission to the Purchaser) such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential personnel; provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expenses.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, as Servicer, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate Fund the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopierfacsimile transmission) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer the Company to an attorney requesting the institution of foreclosureforeclosure or a copy of a request to foreclose received by the Company from the related primary servicer which has been approved by the Company. (b) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail facsimile transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (aa)(i) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (iia)(ii) which has been given to the Purchaser; , provided, that (1) the related Servicer Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer Company shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety sixty days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; , provided, that the related Servicer Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensesconfidential.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company Company, as Master Servicer Servicer, shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements statement to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, Company shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, report indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, inquiries by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (Ba)(i)(B), (a) (i) (Ca)(i)(C), (aa)(i)(D) (i) (D), or (a) (iia)(ii) which has been given to the Purchaser; provided, that (1) the related Servicer Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer Company shall respond within five Business Days orally or in writing by facsimile transmissionnot be required to provide any written information under this subsection. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety sixty days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, provided that the related Servicer Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse confidential. (d) With respect to all Mortgage Loans which are serviced at any time by the Company through a Subservicer, the Company shall be entitled to rely for all purposes hereunder, including for purposes of fulfilling its reporting obligations under this Section 2.01 on the accuracy and completeness of any information provided to it by the related Servicer for any out of pocket expensesapplicable Subservicer.

Reports and Notices. (a) 1. In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company Company, as Master Servicer Servicer, shall provide to the Purchaser the following notices and reports: (ia) Within five Business Days after each Distribution Date (or included in or with the monthly statements statement to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, Company shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, report indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (iib) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) 2. If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, inquiries by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (Ba)(i)(B), (a) (i) (Ca)(i)(C), (aa)(i)(D) (i) (D), or (a) (iia)(ii) which has been given to the Purchaser; provided, that (1) the related Servicer Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer Company shall respond within five Business Days orally or in writing by facsimile transmissionnot be required to provide any written information under this subsection. (c) 3. In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety sixty days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, provided that the related Servicer Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensesconfidential.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage LoansLoans serviced by it, the Company as Master each Servicer shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, each Servicer shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans serviced by such Servicer that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company Servicer of such Mortgage Loan shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the Purchaser, the Company each Servicer shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan serviced by such Servicer identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company each Servicer shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan serviced by such Servicer that is at least ninety days delinquent and each Mortgage Loan serviced by such Servicer which has become real estate owned, through the final liquidation thereof; provided, that the related such Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential confidential; provided, however, that the Purchaser will reimburse the Company and the related each Servicer for any out of pocket expenses.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing this Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser Directing Holder the following notices and reports: (i) Within five Business Days after each Distribution Date (or included Upon reasonable request of the Directing Holder, with respect to any Mortgage Loan listed as at least 30 days delinquent in or with the monthly statements statement provided to Certificateholders pursuant to the Pooling and Servicing Section 4.02 of this Agreement), the Company, Master Servicer shall provide to the Purchaser a report, using the same methodology and calculations such information as it may have in its standard servicing reportspossession or may reasonably obtain, indicating for the Trust Estate reasonable out of pocket expenses of the number Master Servicer in providing such information to be paid promptly by the Directing Holder, upon receipt of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan an invoice from the loan number and outstanding principal balanceMaster Servicer. (ii) Prior to the Commencement of Foreclosure in connection with any Subject Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to shall provide the Purchaser Directing Holder with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the such Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the PurchaserDirecting Holder, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to shall make its servicing personnel available (during their its normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, inquiries by the Purchaser Directing Holder in connection with any Subject Mortgage Loan identified in a report or notice under subsection (aa)(i) (i) (B), (a) (i) (C), (a) (i) (D), or (aa)(ii) (ii) above which has been given to the PurchaserDirecting Holder; provided, that (1) the related Master Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Master Servicer shall respond within five Business Days orally or in writing by facsimile transmissionnot be required to provide any written information under this subsection. (c) In addition to The Remittance Reports prepared by the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) pursuant to provide to the Purchaser such information as the Purchaser may reasonably request providedSection 4.03, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out statements to Certificateholders prepared by the Trustee pursuant to Section 4.02, shall each include the following additional information: (i) the number and aggregate unpaid principal balance of pocket expensesMortgage Loans as to which an Election to Delay Foreclosure has been made and (ii) the number and aggregate unpaid principal balance of Mortgage Loans as to which an Election to Foreclose has been made.

Reports and Notices. From the Closing Date until the Termination Date, Borrower shall deliver to Lender: (a) In connection with within thirty (30) days following the performance end of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loanseach Fiscal Month, the Company as Master Servicer Financial Statements for such Fiscal Month, which shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements comparisons to Certificateholders pursuant to the Pooling budget and Servicing Agreement), the Company, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating actual results for the Trust Estate the number of Mortgage Loans that are (A) thirty days, the current month and (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, year to date and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior comparisons of the current month to the Commencement prior month and (iii) comparisons of Foreclosure in connection with any Mortgage Loan, the Company shall cause (current year to date to the extent that same period for the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer prior year to provide the Purchaser with date, and accompanied by a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser certification in the form of a copy Exhibit F by the Chief Executive Officer or Chief Financial Officer of a referral letter from Borrower that such Servicer to an attorney requesting Financial Statements are complete and correct in all material respects, that there was no Default (or specifying those Defaults of which he or she was aware), and showing in reasonable detail the institution of foreclosure.calculations used in determining compliance with the financial covenants hereunder; (b) If requested by within ninety (90) days following the Purchaserclose of each Fiscal Year, the Company Financial Statements for such Fiscal Year certified without qualification by an independent certified accounting firm reasonably acceptable to Lender, which shall cause the Servicer (provide comparisons to the extent prior Fiscal Year, and shall be accompanied by (i) a statement in reasonable detail showing the calculations used in determining compliance with the financial covenants hereunder, (ii) a report from Borrower’s accountants to the effect that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (B)their audit examination nothing has come to their attention to cause them to believe that an Event of Default has occurred or specifying those Events of Default of which they are aware, (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2iii) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission.any management letter that may be issued; (c) In addition not less than thirty (30) days subsequent to the foregoingbeginning of each Fiscal Year, the Company shall cause Projections, which will be prepared by Borrower in good faith, based on assumptions that are reasonable at the Servicer time such Projections are prepared; (to d) after the extent that last day of each calendar month following the Company as Master Servicer Closing Date, if Borrower is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be not required to provide information make a mandatory prepayment of the Revolving Credit Loans pursuant to Section 1.6, then an authorized officer of the Borrower shall deliver a confirmation to Lender stating that is readily accessible to its servicing personnel Borrower does not have on deposit cash and is non-confidential provided, however, that Cash Equivalents in excess of the Purchaser will reimburse Cash Amount as of the Company and last day of the related Servicer for any out of pocket expenses.immediately preceding calendar month; and

Reports and Notices. Borrower covenants and agrees that from and after the Closing Date and until the Commitment Termination Date, it shall deliver to Lender: (a) In connection with Within 45 days after the performance end of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loanseach fiscal month, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date a copy of the unaudited consolidated balance sheets of Borrower as of the end of such month and the related statements of income and cash flows for that portion of the Fiscal Year ending as of the end of such month, and (ii) a copy of the unaudited consolidated statements of income of Borrower for such month, all prepared in accordance with GAAP (subject to normal year-end adjustments), accompanied by the certification of the chief executive officer or included chief financial officer of Borrower that all such financial statements are complete and correct and present fairly in or accordance with the monthly statements GAAP (subject to Certificateholders pursuant to the Pooling and Servicing Agreementnormal year-end adjustments), the Companyfinancial position, shall provide to the Purchaser a report, using results of operations and the same methodology statements of cash flows of Borrower as at the end of such month and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosureperiod then ended, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement that there was no Default or Event of Foreclosure Default in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company existence as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosuretime. (b) If requested by the PurchaserAs soon as practicable, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority but in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and event within two (2) Business Days after Borrower becomes aware of the related Servicer existence of any Default or Event of Default, or any development or other information which would have a Material Adverse Effect, telephonic or telegraphic notice specifying the nature of such Default or Event of Default or development or information, including the anticipated effect thereof, which notice shall respond be promptly confirmed in writing within five Business Days orally or in writing by facsimile transmission(5) days. (c) In addition If requested by Lender, copies of all federal, state, local and foreign tax returns and reports in respect of income, franchise or other taxes on or measured by income (excluding sales, use or like taxes) filed by Borrower or any of its Subsidiaries. (d) Such other information respecting Borrower's or its Subsidiaries' business (including with respect to the foregoingorders received and inventory purchased), the Company shall cause the Servicer (financial condition or prospects as Lender may, from time to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may time, reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensesrequest.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) : Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, Company shall provide to the Purchaser a reportreport identifying all loans delinquent 30 days or more (including all loans in foreclosure, using bankruptcy or "real estate owned" status) (each, a "Delinquency Report"). The Delinquency Report shall use the same methodology and calculations employed in its the Company's standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (Ai) thirty daysdays delinquent, (Bii) sixty daysdays delinquent, (Ciii) ninety days or more delinquent or delinquent, (Div) in foreclosure, (v) in bankruptcy or (vi) real estate owned, and indicating for each such Mortgage Loan the loan number number, the property address and the outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan (i) identified in a report under subsection Section 2.01 (a) (i) (Bii), (a) (i) (Ciii), (a) (iiv), (a) (D), v) or (a) (ii) which has been given to the Purchaservi); provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expenses.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company Depositor, as Master Servicer Servicer, shall provide to the Purchaser the following notices and reports: (ib) Within five Business Days after each Distribution Date (or included in or with the monthly statements statement to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, Depositor shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, report indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (iic) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company Depositor shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (bd) If requested by the Purchaser, the Company Depositor shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, inquiries by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (Ba)(i)(B), (a) (i) (Ca)(i)(C), (aa)(i)(D) (i) (D), or (a) (iia)(ii) which has been given to the Purchaser; provided, that (1) the related Servicer Depositor shall only be required to provide information that is readily accessible to its servicing personnel and is non- confidential and (2) the Depositor shall not be required to provide any written information under this subsection. (e) In addition to the foregoing, the Depositor shall provide to the Purchaser such information as the Purchaser may reasonably request concerning each Loan that is at least sixty days delinquent and each Loan which has become real estate owned, through the final liquidation thereof; provided that the Depositor shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmissionconfidential. (cf) In addition With respect to all Loans which are serviced at any time by the foregoingDepositor through a Subservicer, the Company Depositor shall cause be entitled to rely for all purposes hereunder, including for purposes of fulfilling its reporting obligations under this Section 2.01 on the Servicer (accuracy and completeness of any information provided to it by the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensesapplicable Subservicer.

Reports and Notices. (a) In connection with Borrower hereby agrees that from and after the performance of its duties under Closing Date and until the Pooling Termination Date, Borrower shall maintain a standard and Servicing Agreement relating modern system for accounting and shall deliver (or, as applicable, cause to be delivered) to Lender the realization upon defaulted Mortgage Loansfinancial statements, notices, projections O3721488.v4 and other information at the Company as Master Servicer shall provide times and in the manner set forth below, and all in form and substance acceptable to the Purchaser the following notices and reportsLender: (i) Within five Business Days 120 days after the end of each Distribution Date calendar year, a copy of M-tron Industries, Inc.’s consolidated and consolidating financial statements for that year, which financial statements shall be audited by a firm of independent certified public accountants acceptable to Lender (or included in or with which acceptance shall not be unreasonably withheld) and accompanied by an audit opinion of such accountants without qualification and certified as complete and correct, subject to changes resulting from year-end adjustments, by the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement)principal financial officer of M-tron Industries, the Company, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance.Inc. (ii) Prior to Within 45 days after the Commencement end of Foreclosure in connection with any Mortgage Loaneach calendar quarter, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of M-tron Industries, Inc.’s consolidated and consolidating financial statements for that quarter and for that year to date, which financial statements shall be internally-prepared, and certified as complete and correct, by the principal financial officer of M-tron Industries, Inc. (iii) With the statements submitted above, a referral letter from Compliance Certificate signed by Borrower, (A) stating that no Event of Default, nor any event which upon notice or lapse of time, or both would constitute such Servicer an Event of Default, has occurred, or if any such condition or event existed or exists, specifying it and describing what action Borrower has taken or proposes to take with respect thereto, and (B) setting forth, in summary form, figures showing the financial status of M-tron Industries, Inc. in respect of the financial covenants set forth herein. (iv) Immediately upon any officer of Borrower obtaining knowledge of any condition or event which constitutes or, after notice or lapse of time or both, would constitute an attorney requesting Event of Default, a certificate of such person specifying the institution nature and period of foreclosurethe existence thereof, and what action Borrower has taken or is taking or proposes to take in respect thereof. (v) Upon request of Lender, copies of all federal, state and local income tax returns and such other information as Lender may reasonably request. (b) If requested by Borrower hereby agrees that from and after the PurchaserClosing Date and until the Termination Date, it shall deliver (or, as applicable, cause to be delivered) to Lender the Company shall cause various Collateral Reports at the Servicer (to the extent that the Company as Master Servicer is granted such authority times and in the related Servicing Agreement) manner set forth below, and all in form and substance acceptable to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission.Lender: (cA) In addition to Within 45 days after the foregoingend of each calendar quarter for which there is any outstanding Revolving Exposure, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request providedan accounts receivable aging report, howeveran accounts payable aging report, that such information is consistent with normal reporting practicesand an inventory report, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate ownedall for M-tron Industries, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expenses.Inc.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser Loss Mitigation Advisor the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with Upon request by the monthly statements Loss Mitigation Advisor, the Trustee shall provide such information as is available to Certificateholders any Eligible Certificateholder pursuant to Section 4.03(f) of the Pooling and Servicing Agreement), at the Company, shall provide to expense of the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balanceLoss Mitigation Advisor. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to shall provide the Purchaser Loss Mitigation Advisor with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser Loss Mitigation Advisor in the form of a copy of a referral letter from such the Master Servicer or a Subservicer to an attorney requesting the institution of foreclosure. (b) If requested by the PurchaserLoss Mitigation Advisor, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to shall make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser Loss Mitigation Advisor in connection with any Mortgage Loan identified in a report under subsection (a) (i) (Ba)(i)(B), (a) (i) (Ca)(i)(C), (a) (i) (Da)(i)(D), or (a) (iia)(ii) which has been given to the PurchaserLoss Mitigation Advisor; provided, that (1) the related Master Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Master Servicer shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to shall provide to the Purchaser Loss Mitigation Advisor such information as the Purchaser Loss Mitigation Advisor may reasonably request provided, however, that such information is consistent with the Master Servicer's normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Master Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and provided, howeverfurther, that the Purchaser Loss Mitigation Advisor will reimburse the Company and the related Master Servicer for any out of pocket expenses.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, Servicer shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company Servicer shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such the Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the Purchaser, the Company Servicer shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company Servicer shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential confidential; provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expenses.

Reports and Notices. Borrower represents, warrants and agrees that, from and after the Closing Date until the Termination Date, Borrower shall deliver to Agent, or cause to be delivered to Agent (with a copy of the same delivered electronically to any third party engaged by Agent to analyze or audit the same): (a) In connection with as soon as available and in any event no later than thirty (30) days following the performance end of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reportseach Fiscal Month: (1) a Borrowing Base Certificate including a list of Eligible Notes Receivable, a detailed calculation of the Borrowing Base, and such supporting detail and documentation as Agent may request; (2) a summary and detailed aging of Notes Receivable of Borrower including separate aging reports of all Notes Receivable and all Eligible Notes Receivable included in the Borrowing Base, together with a reconciliation to the detailed calculation of the Borrowing Base most recently provided to Agent; (3) the Financial Statements of Borrower (on a non-consolidated basis) for such month, which Financial Statements shall provide comparisons to actual results for the corresponding period during the prior Fiscal Year, both on a monthly and year-to-date basis; (4) a Compliance Certificate from the Chief Executive Officer or Chief Financial Officer of Borrower certifying, among other things, that (i) Within five Business Days after each Distribution Date such Financial Statements are complete and correct and are prepared in accordance with GAAP (subject to the exclusion of footnotes required by GAAP and changes resulting from normal year-end audit adjustments), (ii) Borrower is in compliance with the financial covenants tested on a quarterly or “at all times” basis under this Agreement and showing in reasonable detail the calculations used in determining compliance with such financial covenants, and (iii) no Default or Event of Default has occurred and is continuing (or included specifying those Defaults or Events of Default that have occurred and are continuing of which he or she was aware); (5) Collateral reports specifying (i) the current unpaid principal balance of each Pledged Note Receivable, (ii) current committed amount with respect to each Pledged Note Receivable, (iii) current payment status of each Pledged Note Receivable, and (iv) brief description of Account Debtor Collateral for each Pledged Note Receivable, with additional detail showing additions to and deletions from the Collateral; and (6) Borrower’s monthly credit watch list prepared in or the ordinary course of business and consistent with past practice; and (b) within forty five (45) days following the end of each Fiscal Quarter of Borrower (other than the end of the Fiscal Quarter that coincides with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreementend of Borrower’s Fiscal Year), the CompanyFinancial Statements of Borrower for such Fiscal Quarter, which Financial Statements shall be presented both on a quarterly and year-to-date basis and shall comply with all applicable SEC reporting requirements; (c) within ninety (90) days following the end of each Fiscal Year, the Financial Statements of Borrower for such Fiscal Year certified without qualification by an independent certified accounting firm acceptable to Agent, which Financial Statements shall provide comparisons to actual results for the Purchaser prior Fiscal Year, on an annual basis, and shall comply with all applicable SEC reporting requirements, accompanied by (1) a reportCompliance Certificate, using and (2) any management letter that may be issued; (d) promptly upon the same methodology filing or sending thereof, copies of all regular, periodic or special reports of Borrower or any of its Subsidiaries filed with the SEC; copies of all registration statements of Borrower or any of its Subsidiaries filed with the SEC (other than on Form S-8); and calculations in its standard servicing copies of all proxy statements or other communications made Stockholders generally; (e) promptly upon receipt thereof, copies of all final reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty daysif any, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior submitted to the Commencement of Foreclosure Borrower by its independent certified public accountants in connection with any Mortgage Loanannual or interim audit of Borrower; (f) copies of each of Borrower’s quarterly reports to its Stockholders, promptly upon transmission of each such report to any Stockholder; (g) promptly upon receipt or knowledge thereof, notice of all claims, offsets or disputes asserted by Account Debtors with respect to any of the Company shall cause Pledged Notes Receivable; and (h) within forty five (45) days following the end of each Fiscal Quarter of Borrower, all internal and external valuation reports relating to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice Eligible Notes Receivables (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested including all valuation reports delivered by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser Approved Third-Party Appraiser in connection with the quarterly appraisals of Unquoted Notes Receivable as required pursuant to Section 5.4 and the underwriting memoranda for all Eligible Notes Receivables included in such valuation reports, along with any Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given other information relating to the Purchaser; providedEligible Notes Receivables as reasonably requested by Agent or any Lender, provided that (1) the related Servicer underwriting memoranda for a particular Eligible Note Receivable of an Account Debtor shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) be delivered within 30 days of the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission.initial closing of such Eligible Note Receivable; (ci) In addition such other reconciliations of Notes Receivable and such other information respecting the business, financial condition, prospects or projections of Borrower or any of its Affiliates as Agent reasonably may request from time to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensestime.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted [Pool 1] [Pool 2] Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of [Pool 1] [Pool 2] Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such [Pool 1] [Pool 2] Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any [Pool 1] [Pool 2] Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the [Pool 1] [Pool 2] Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any [Pool 1] [Pool 2] Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each [Pool 1] [Pool 2] Mortgage Loan that is at least ninety days delinquent and each [Pool 1] [Pool 2] Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expenses.

Reports and Notices. Borrower covenants and agrees that from and after the initial Closing Date and until the Termination Date, it shall deliver to Agent and to Lenders: (a) In Within 52 days after the end of each Fiscal Quarter, copies of the unaudited consolidated and consolidating balance sheets of Quixote and its operating units and Subsidiaries as of the end of such Fiscal Quarter, and the related consolidated and consolidating statements of income for that portion of the Fiscal Year ending as of the end of such quarter, prepared in accordance with GAAP (subject to normal year end adjustments), setting forth in comparative form in each case the projected consolidated and consolidating figures for such period. (b) Within 90 days after the close of each Fiscal Year, a copy of the annual audited consolidated and unaudited consolidating financial statements of Quixote and its operating units and Subsidiaries consisting of consolidated and consolidating balance sheets and consolidated and consolidating statements of income, consolidated statement of retained earnings and statement of consolidated cash flows, setting forth in comparative form in each case the consolidated figures for the previous fiscal year, which financial statements shall be prepared in accordance with GAAP, certified (only with respect to the consolidated financial statements) without qualification as to its scope of audit or the financial condition of Quixote and its Subsidiaries as a going concern by a firm of independent certified public accountants of recognized national standing selected by Quixote and acceptable to Agent, and accompanied by (i) a statement in reasonable detail showing the calculations used in determining the financial covenants under Sections 6.3 and 7.10 hereof, (ii) a report from such accountants to the effect that in connection with their audit examination, nothing, with respect to accounting matters, has come to their attention to cause them to believe that a Default or Event of Default had occurred or, if anything has come to their attention to cause them to believe that a Default or Event of Default had occurred, a description of such Default or Event of Default, and (iii) a certification of the performance chief executive officer or chief financial officer of Quixote that all such financial statements present fairly in accordance with GAAP the consolidated financial position and results of operations and the consolidated statement of cash flows of Quixote and its Subsidiaries as at the end of such year and for the period then ended, and that there was no Default or Event of Default in existence as of such time or, if there was any Default or Event of Default in existence as of such time, setting forth a description of such Default or Event of Default and specifying the action, if any, taken by Quixote to remedy the same. (c) Within 52 days after the close of each Fiscal Quarter within each Fiscal Year, a Compliance Certificate in the form of Exhibit E attached hereto setting forth the information requested therein and certified by the chief executive officer or chief financial officer of Quixote. (d) On or before June 1 of each year, a budget and projections for the next Fiscal Year on a month-by-month and consolidated and consolidating basis and otherwise in form and substance reasonably acceptable to Agent. (e) As soon as practicable, but in any event within two (2) Business Days after any executive officer of Quixote becomes aware of the existence of any Default or Event of Default, or any development or other information which could reasonably be expected to have a Material Adverse Effect, telephonic or telecopy notice specifying the nature of such Default or Event of Default or development or information, including the anticipated effect thereof, which notice shall be promptly confirmed in writing within five (5) days. (f) If requested by Agent, a copy of all federal, state, local and foreign tax returns and reports in respect of income, franchise or other taxes on or measured by income (excluding sales, use or like taxes) filed by Quixote or any of its duties under the Pooling and Servicing Agreement relating Subsidiaries. (g) If requested by Agent, a copy of any auditors' management letter with respect to the realization upon defaulted Mortgage Loansbusiness, the Company financial condition and other affairs of Quixote and any of its Subsidiaries, which, following review by Agent, shall be returned to Borrower, together with any copies thereof. (h) Such other information respecting Borrower's or any of its Subsidiaries' business, financial condition or prospects as Master Servicer shall provide Agent may, from time to the Purchaser the following notices and reports:time, reasonably request. (i) Within five Business Days (5) days after the earlier of the last day of each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number Fiscal Year and the aggregate amount owing under the Mortgage Loan. Such notice may be provided date Quixote engages independent certified public accountants to the Purchaser in the form of audit Quixote's financial statements, a copy of a referral letter from Quixote addressed to such Servicer to an attorney requesting the institution independent certified public accountants indicating that it is a primary intention of foreclosureQuixote in engaging such accountants that Agent and Lenders rely upon such financial statements of Quixote and its Subsidiaries. (b) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expenses.

Reports and Notices. Notwithstanding that the Company may not be required to be or remain subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, the Company shall file (aif then permitted to do so) In connection with the performance Commission and provide (whether or not so filed with the Commission), within 15 days after the date on which the Company is required to file the same with the Commission (or would be so required if it were subject to such reporting requirements), the Trustee and Holders and prospective Holders (upon request) with the annual reports and the information, documents and other reports, which are specified in Sections 13 and 15(d) of the Exchange Act. The Company shall comply with the provisions of TIA ss. 314(a). Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee's receipt of same shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company's compliance with any of its duties under covenants hereunder (as to which the Pooling Trustee is entitled to rely exclusively on Officer's Certificates). The Company and Servicing Agreement its Restricted Subsidiaries shall not reduce the level of all public disclosure practices (including those relating to the realization upon defaulted Mortgage Loans, disclosure of customer churn rates and subscriber base) of the Company and its Restricted Subsidiaries as Master Servicer of the Issue Date and shall comply with all applicable public disclosure requirements under the laws of Brazil with respect to information to be disclosed publicly to shareholders and creditors. 121 The Company shall provide to the Purchaser the following notices and reportsTrustee: (a) promptly (but in any event within 10 Business Days of any Officer of the Company or any Restricted Subsidiary becoming aware of the occurrence) notice of the occurrence of (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement)a Default, the Company, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior an Event of Default, (iii) any action by any holder of Senior Secured Indebtedness to the Commencement of Foreclosure in connection with any Mortgage Loan, accelerate Indebtedness owing to it by the Company shall cause or a Restricted Subsidiary or (iv) any legal action by any holder of Senior Secured Indebtedness to the extent that enforce Indebtedness owing to it by the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with or a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure.Restricted Subsidiary; (b) If requested promptly (but in any event within 10 Business Days after sending any notice described in clause (a) immediately above), a written report prepared by the Purchaser, an Officer of the Company shall cause setting forth the Servicer (to details of the extent relevant event and the action that the Company as Master Servicer and any applicable Restricted Subsidiary is granted such authority in the related Servicing Agreement) taking or proposes to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection take with any Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given respect to the Purchaserevent; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission.and (c) In addition to promptly, notice that any Default or Event of Default has been cured, along with an Officer's Certificate describing the foregoing, steps taken in connection with the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensescure.

Reports and Notices. Borrower covenants and agrees ------------------- that from and after the Closing Date and until the Commitment Termination Date, it shall deliver to Lender: (a) In connection with Within 45 days after the performance end of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loanseach fiscal quarter, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date a copy of the unaudited consolidated balance sheets of Borrower as of the end of such month and the related statements of income and cash flows for that portion of the Fiscal Year ending as of the end of such month, and (ii) a copy of the unaudited consolidated statements of income of Borrower for such month, all prepared in accordance with GAAP (subject to normal year-end adjustments), accompanied by the certification of the chief executive officer or included chief financial officer of Borrower that all such financial statements are complete and correct and present fairly in or accordance with the monthly statements GAAP (subject to Certificateholders pursuant to the Pooling and Servicing Agreementnormal year-end adjustments), the Companyfinancial position, shall provide to the Purchaser a report, using results of operations and the same methodology statements of cash flows of Borrower as at the end of such month and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosureperiod then ended, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement that there was no Default or Event of Foreclosure Default in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company existence as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosuretime. (b) If requested by the PurchaserAs soon as practicable, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority but in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and event within two (2) Business Days after Borrower becomes aware of the related Servicer existence of any Default or Event of Default, or any development or other information which would have a Material Adverse Effect, telephonic or telegraphic notice specifying the nature of such Default or Event of Default or development or information, including the anticipated effect thereof, which notice shall respond be promptly confirmed in writing within five Business Days orally or in writing by facsimile transmission(5) days. (c) In addition If requested by Lender, copies of all federal, state, local and foreign tax returns and reports in respect of income, franchise or other taxes on or measured by income (excluding sales, use or like taxes) filed by Borrower or any of its Subsidiaries. (d) Such other information respecting Borrower's or its Subsidiaries' business (including with respect to the foregoingorders received and inventory purchased), the Company shall cause the Servicer (financial condition or prospects as Lender may, from time to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may time, reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensesrequest.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company Depositor, as Master Servicer Servicer, shall provide to the Purchaser the following notices and reports: (ib) Within five Business Days after each Distribution Date (or included in or with the monthly statements statement to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, Depositor shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, report indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (iic) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company Depositor shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (bd) If requested by the Purchaser, the Company Depositor shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, inquiries by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (Ba)(i)(B), (a) (i) (Ca)(i)(C), (aa)(i)(D) (i) (D), or (a) (iia)(ii) which has been given to the Purchaser; provided, that (1) the related Servicer Depositor shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer Depositor shall respond within five Business Days orally or in writing by facsimile transmissionnot be required to provide any written information under this subsection. (ce) In addition to the foregoing, the Company Depositor shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety sixty days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, provided that the related Servicer Depositor shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential providedconfidential. (f) With respect to all Loans which are serviced at any time by the Depositor through a Subservicer, howeverthe Depositor shall be entitled to rely for all purposes hereunder, that including for purposes of fulfilling its reporting obligations under this Section 2.01 on the Purchaser will reimburse accuracy and completeness of any information provided to it by the Company and the related Servicer for any out of pocket expensesapplicable Subservicer.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company Depositor, as Master Servicer Servicer, shall provide to the Purchaser the following notices and reports: (ib) Within five Business Days after each Distribution Date (or included in or with the monthly statements statement to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, Depositor shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, report indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (iic) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company Depositor shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (bd) If requested by the Purchaser, the Company Depositor shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, inquiries by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (Ba)(i)(B), (a) (i) (Ca)(i)(C), (aa)(i)(D) (i) (D), or (a) (iia)(ii) which has been given to the Purchaser; provided, that (1) the related Servicer Depositor shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer Depositor shall respond within five Business Days orally or in writing by facsimile transmissionnot be required to provide any written information under this subsection. (ce) In addition to the foregoing, the Company Depositor shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety sixty days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, provided that the related Servicer Depositor shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential providedconfidential. (f) With respect to all Mortgage Loans which are serviced at any time by the Depositor through a Subservicer, howeverthe Depositor shall be entitled to rely for all purposes hereunder, that including for purposes of fulfilling its reporting obligations under this Section 2.01 on the Purchaser will reimburse accuracy and completeness of any information provided to it by the Company and the related Servicer for any out of pocket expensesapplicable Subservicer.

Reports and Notices. (a) In connection with Borrower represents, agrees and promises that from and after the performance of its duties under Effective Date until the Pooling and Servicing Agreement relating Termination Date, Borrower shall deliver or cause to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide be delivered to the Purchaser the following notices and reportsAgent: (1) within forty-five (45) days following the end of each Fiscal Quarter, the unaudited Financial Statements for such Fiscal Quarter, which Financial Statements shall provide comparisons on a year-to-date basis, and accompanied by a certification by the Chief Financial Officer or Treasurer of Borrower that such Financial Statements are complete and correct, that there was no Default or Event of Default (or specifying those Defaults or Events of Default that he or she was aware), and showing in reasonable detail the calculations used in determining compliance with the financial covenants hereunder; (2) within one hundred five (105) days following the close of each audited Fiscal Year, the Financial Statements for such Fiscal Year certified without qualification by an independent certified accounting firm acceptable to the Lenders, which Financial Statements shall provide comparisons on a year-to-date basis, and accompanied by (i) Within five a statement in reasonable detail showing the calculations used in determining compliance with the financial covenants hereunder, (ii) a report from Borrower's accountants to the effect that in connection with their audit examination nothing has come to their attention to cause them to believe that a Default or Event of Default has occurred or specifying those Defaults or Events of Default of which they are aware, and (iii) any management letter that may be issued; and (3) within ten (10) Business Days after of the end of each Distribution Date calendar month, a certification by the Chief Executive Officer or Treasurer setting forth (or included in or with i) the monthly statements to Certificateholders Receivables Value, (ii) the Collateral Value, and (iii) the aggregate of all amounts paid by the Receivable Obligors pursuant to the Pooling Receivable Obligor Contracts during the preceding calendar month; (4) promptly, written notice of the occurrence of any Default or Event of Default, and Servicing Agreement)the occurrence of existence of any event or circumstances that with the giving of notice, the Companylapse of time, shall provide or both, is reasonably likely to the Purchaser (if not cured or remedied during such time) constitute a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number Default or an Event of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance.Default; (ii5) Prior to the Commencement promptly, written notice of Foreclosure any matter that has resulted or may result in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure.Material Adverse Effect; and (b6) If requested by such other information respecting the Purchaserbusiness, the Company shall cause the Servicer (financial condition, prospects or projections of Borrower or any Affiliate thereof as Agent or any Lender reasonably may request from time to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmissiontime. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expenses.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (Ba)(i)(B), (a) (i) (Ca)(i)(C), (a) (ia)(i) (D), or (a) (iia)(ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expenses.

Reports and Notices. (a) In connection with Borrower covenants that from and after the performance of its duties under Closing Date and until the Pooling and Servicing Agreement relating Commitment Termination Date, it shall deliver to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reportsLender: (1) Within 45 days after the end of each fiscal month, (i) Within five a copy of the unaudited consolidated balance sheets of Borrower as of the end of such month and the related statements of income and cash flows for that portion of the Fiscal Year ending as of the end of such month, and (ii) a copy of the unaudited consolidated statements of income of Borrower for such month, all prepared in accordance with GAAP (subject to normal year-end adjustments), accompanied by the certification of the chief executive officer or chief financial officer of Borrower that all such financial statements are complete and correct and present fairly in accordance with GAAP (subject to normal year-end adjustments), the financial position, the results of operations and the statements of cash flows of Borrower as at the end of such month and for the period then ended, and that there was no Default or Event of Default in existence as of such time. (2) As soon as practicable, but in any event within two (2) Business Days after each Distribution Date Borrower becomes aware of the existence of any Default or Event of Default, or any development or other information which would have a Material Adverse Effect, telephonic or telegraphic notice specifying the nature of such Default or Event of Default or development or information, including the anticipated effect thereof, which notice shall be promptly confirmed in writing within five (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A5) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b3) If requested by the PurchaserLender, the Company shall cause the Servicer copies of all federal, state, local and foreign tax returns and reports in respect of income, franchise or other taxes on or measured by income (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreementexcluding sales, use or like taxes) to make filed by Borrower or any of its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmissionSubsidiaries. (c4) In addition Such other information respecting Borrower's or its Subsidiaries' business (including with respect to the foregoingorders received and inventory purchased), the Company shall cause the Servicer (financial condition or prospects as Lender may, from time to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may time, reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensesrequest.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) : Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, as Master Servicer, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) . Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopierfacsimile transmission) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer the Company to an attorney requesting the institution of foreclosureforeclosure or a copy of a request to foreclose received by the Company from the related primary servicer which has been approved by the Company. (b) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail facsimile transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (aa)(i) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (iia)(ii) which has been given to the Purchaser; , provided, that (1) the related Servicer Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer Company shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety sixty days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; , provided, that the related Servicer Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensesconfidential.

Reports and Notices. Notwithstanding that the Company may not be required to be or remain subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, the Company shall file (aif then permitted to do so) In connection with the performance Commission and provide (whether or not so filed with the Commission), within 15 days after the date on which the Company is required to file the same with the Commission (or would be so required if it were subject to such reporting requirements), the Trustee and Holders and prospective Holders (upon request) with the annual reports and the information, documents and other reports, which are specified in Sections 13 and 15(d) of the Exchange Act. The Company shall comply with the provisions of TIA § 314(a). Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of same shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its duties under covenants hereunder (as to which the Pooling Trustee is entitled to rely exclusively on Officer’s Certificates). The Company and Servicing Agreement its Restricted Subsidiaries shall not reduce the level of all public disclosure practices (including those relating to the realization upon defaulted Mortgage Loans, disclosure of customer churn rates and subscriber base) of the Company and its Restricted Subsidiaries as Master Servicer of the Issue Date and shall comply with all applicable public disclosure requirements under the laws of Brazil with respect to information to be disclosed publicly to shareholders and creditors. The Company shall provide to the Purchaser the following notices and reportsTrustee: (a) promptly (but in any event within 10 Business Days of any Officer of the Company or any Restricted Subsidiary becoming aware of the occurrence) notice of the occurrence of (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement)a Default, the Company, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior an Event of Default, (iii) any action by any holder of Senior Secured Indebtedness to the Commencement of Foreclosure in connection with any Mortgage Loan, accelerate Indebtedness owing to it by the Company shall cause or a Restricted Subsidiary or (iv) any legal action by any holder of Senior Secured Indebtedness to the extent that enforce Indebtedness owing to it by the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with or a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure.Restricted Subsidiary; (b) If requested promptly (but in any event within 10 Business Days after sending any notice described in clause (a) immediately above), a written report prepared by the Purchaser, an Officer of the Company shall cause setting forth the Servicer (to details of the extent relevant event and the action that the Company as Master Servicer and any applicable Restricted Subsidiary is granted such authority in the related Servicing Agreement) taking or proposes to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection take with any Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given respect to the Purchaserevent; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission.and (c) In addition to promptly, notice that any Default or Event of Default has been cured, along with an Officer’s Certificate describing the foregoing, steps taken in connection with the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensescure.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage LoansLoans serviced by it, the Company as Master Servicer shall provide to the Purchaser Loss Mitigation Advisor the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with Upon request by the monthly statements Loss Mitigation Advisor, the Trustee shall provide such information as is available to Certificateholders any Eligible Certificateholder pursuant to Section 4.03(f) of the Pooling and Servicing Agreement), at the Company, shall provide to expense of the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balanceLoss Mitigation Advisor. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage LoanLoan serviced by it, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to shall provide the Purchaser Loss Mitigation Advisor with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser Loss Mitigation Advisor in the form of a copy of a referral letter from such the Master Servicer or a Subservicer to an attorney requesting the institution of foreclosure. (b) If requested by the PurchaserLoss Mitigation Advisor, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to shall make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser Loss Mitigation Advisor in connection with any Mortgage Loan identified in a report under subsection (a) (i) (Ba)(i)(B), (a) (i) (Ca)(i)(C), (a) (i) (Da)(i)(D), or (a) (iia)(ii) which has been given to the PurchaserLoss Mitigation Advisor; provided, that (1) the related Master Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Master Servicer shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to shall provide to the Purchaser Loss Mitigation Advisor such information as the Purchaser Loss Mitigation Advisor may reasonably request provided, however, that such information is consistent with the Master Servicer's normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Master Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and provided, howeverfurther, that the Purchaser Loss Mitigation Advisor will reimburse the Company and the related Master Servicer for any out of pocket expenses.. 245

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the CompanyServicer, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate Fund the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company Servicer shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopierfacsimile transmission) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such the Servicer to an attorney requesting the institution of foreclosureforeclosure or a copy of a request to foreclose received by the Company from the related primary servicer which has been approved by the Servicer. (b) If requested by the Purchaser, the Company Servicer shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail facsimile transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (aa)(i) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (iia)(ii) which has been given to the Purchaser; , provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company Servicer shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety sixty days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; , provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensesconfidential.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company Company, as Master Servicer Servicer, shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements statement to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, Company shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, report indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, inquiries by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (Ba)(i)(B), (a) (i) (Ca)(i)(C), (aa)(i)(D) (i) (D), or (a) (iia)(ii) which has been given to the Purchaser; provided, that (1) the related Servicer Company shall only be required to provide information that is readily accessible to its servicing personnel and 170 is non-confidential and (2) the Company shall not be required to provide any written information under this subsection. (c) In addition to the foregoing, the Company shall provide to the Purchaser such information as the Purchaser may reasonably request concerning each Mortgage Loan that is at least sixty days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided that the Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmissionconfidential. (cd) In addition With respect to all Mortgage Loans which are serviced at any time by the foregoingCompany through a Subservicer, the Company shall cause be entitled to rely for all purposes hereunder, including for purposes of fulfilling its reporting obligations under this Section 2.01 on the Servicer (accuracy and completeness of any information provided to it by the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensesapplicable Subservicer.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, as Servicer, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate Fund the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopierfacsimile transmission) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer the Company to an attorney requesting the institution of foreclosureforeclosure or a copy of a request to foreclose received by the Company from the related primary servicer which has been approved by the Company. (b) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail facsimile transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (aa)(i) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (iia)(ii) which has been given to the Purchaser; , provided, that (1) the related Servicer Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-non- confidential and (2) the related Servicer Company shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety sixty days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; , provided, that the related Servicer Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensesnon- confidential.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) a. Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) b. Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expenses.

Reports and Notices. Notwithstanding that Net may not be required to be or remain subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, Net shall file (aif then permitted to do so) In connection with the performance Commission and provide (whether or not so filed with the Commission), within 15 days after the date on which Net is required to file the same with the Commission (or would be so required if it were subject to such reporting requirements), the Trustee and Holders and prospective Holders (upon request) with the annual reports and the information, documents and other reports, which are specified in Sections 13 and 15(d) of the Exchange Act. Net shall comply with the provisions of TIA ss. 314(a). Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee's receipt of same shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company's compliance with any of its duties under covenants hereunder (as to which the Pooling Trustee is entitled to rely exclusively on Officer's Certificates). Net and Servicing Agreement the Company shall not, and Net shall not cause the Restricted Subsidiaries to, reduce the level of all public disclosure practices (including those relating 127 to the realization upon defaulted Mortgage Loansdisclosure of customer churn rates and subscriber base) of Net, the Company and the other Restricted Subsidiaries as Master Servicer of the Issue Date and shall comply with all applicable public disclosure requirements under the laws of Brazil with respect to information to be disclosed publicly to shareholders and creditors. The Company shall provide to the Purchaser the following notices and reportsTrustee: (ia) Within five promptly (but in any event within 10 Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), of any Officer of the Company, shall provide to Net or any Restricted Subsidiary becoming aware of the Purchaser occurrence) notice of the occurrence of (i) a reportDefault, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior an Event of Default, (iii) any action by any holder of Senior Secured Indebtedness to the Commencement of Foreclosure in connection with any Mortgage Loanaccelerate Indebtedness owing to it by Net, the Company shall cause or any other Restricted Subsidiary or (iv) any legal action by any holder of Senior Secured Indebtedness to the extent that enforce Indebtedness owing to it by Net, the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure.or any other Restricted Subsidiary; (b) If requested promptly (but in any event within 10 Business Days after sending any notice described in clause (a) immediately above), a written report prepared by an Officer of the PurchaserCompany setting forth the details of the relevant event and the action that Net, the Company shall cause the Servicer (and any other applicable Restricted Subsidiary is taking or proposes to take with respect to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaserevent; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission.and (c) In addition to promptly, notice that any Default or Event of Default has been cured, along with an Officer's Certificate describing the foregoing, steps taken in connection with the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensescure.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expenses.Servicing

Reports and Notices. (a) In connection with From and after the performance date of its duties under this Agreement, the Pooling and Servicing Agreement relating Borrowers shall deliver the following to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reportsLender: (i) Within five Business Days after On or before Tuesday of each Distribution Date (or included in or with week, the monthly statements to Certificateholders pursuant Borrowers shall deliver to the Pooling Lender a report of actual Gross Receipts and Servicing Agreement), the Company, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating Net Receipts for the Trust Estate one-week period ending on the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosureimmediately preceding Friday, and indicating forecast Gross Receipts and Net Receipts for each such Mortgage Loan the loan number next 12 weeks, prepared in the format of Exhibit C attached to this Agreement and outstanding principal balancesigned by officers of the Borrowers. (ii) Prior Within two Business Day after the end of each calendar month commencing with the month of July, 2001, the Borrowers shall deliver to the Commencement Lender a report of Foreclosure Gross Receipts and Net Receipts for such month and for the period commencing July 1, 2001, and ending on the last day of such month, which reports shall be prepared in connection reasonable detail and in a format acceptable to the Lender and shall be signed by officers of the Borrowers. (iii) The Borrowers shall deliver to the Lender each of the monitoring reports specified in Exhibit D attached to this Agreement, with the frequency and by the dates specified in Exhibit D, each of which reports shall be prepared in reasonable detail and in a format acceptable to the Lender and shall be signed by officers of the Borrowers. (iv) Immediately upon learning of any Mortgage Loanfailure of any Forbearance Condition to be satisfied, the Company Borrowers shall cause (deliver to the extent that the Company Lender written notice describing same. Except as Master Servicer is granted such authority otherwise expressly provided in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice paragraph (sent by telecopierb) of such proposed this Section, the reports and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may notices required by this paragraph shall be provided in addition to the Purchaser in reports, notices and information required to be furnished by the form Borrowers pursuant to the terms of a copy the Documents, including, without limitation, Section 5.1 of a referral letter from such Servicer to an attorney requesting the institution of foreclosureCredit Agreement. (b) If requested by Section 5.1 of the Purchaser, the Company shall cause the Servicer (to the extent that the Company Credit Agreement is hereby modified and amended as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) follows: (i) (B), (aThe only monthly reports required to be furnished by the Borrowers under Section 5.1(g) (i) (C), (a) (i) (D), or (a) of the Credit Agreement are the unauditied financial statements referred to in clause (ii) in such Section, which has been given to the Purchaser; provided, that (1) the related Servicer unauditied financial statements shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond furnished within five 15 Business Days orally or in writing by facsimile transmissionafter the end of each month. (cii) In addition The date for the Borrowers to furnish the foregoingbudget for the Fiscal Year 2001 required by Section 5.1(h) of the Credit Agreement is hereby extended from July 31, 2001, to August 31, 2001. (iii) The reports referred to in Section 5.1(i) of the Company Credit Agreement shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only no longer be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensesrequired.

Reports and Notices. Borrower represents, agrees and promises that from and after the Closing Date until the Termination Date, Borrower shall deliver to Lender: (a) In connection with within fifteen (15) days following the performance end of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loanseach Fiscal Month, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosurefrequently if requested by Lender during any time that a Default exists, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser Borrowing Base Certificate in the form of a copy EXHIBIT B as of a referral letter from the last day of the previous Fiscal Month detailing ineligible Accounts for adjustment to the Borrowing Base, certified as true and correct by the chief financial officer of Borrower's Agent or such Servicer other officer as is acceptable to an attorney requesting the institution of foreclosure.Lender; (b) If requested within thirty (30) days following the end of each Fiscal Month, the Financial Statements for such Fiscal Month, which shall provide comparisons to budget and actual results for the corresponding period during the prior Fiscal Year, both on a monthly and year-to-date basis, and accompanied by a certification in the form of EXHIBIT F by the Purchaserchief executive officer or chief financial officer of Borrower's Agent that such Financial Statements are complete and correct, the Company shall cause the Servicer that there was no Default (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, specifying those Defaults of which he or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (Bshe was aware), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to and showing in reasonable detail the Purchaser; provided, that (1) calculations used in determining compliance with the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission.financial covenants hereunder; (c) In addition within ninety (90) days following the close of each Fiscal Year, the Financial Statements for such Fiscal Year certified without qualification by an independent certified accounting firm acceptable to Lender, which shall provide comparisons to the foregoingprior Fiscal Year, and shall be accompanied by (i) a statement in reasonable detail showing the calculations used in determining compliance with the financial covenants hereunder, (ii) a report from Borrower's accountants to the effect that in connection with their audit examination nothing has come to their attention to cause them to believe that a Default has occurred or specifying those Defaults of which they are aware, and (iii) any management letter that may be issued; (d) not less than thirty (30) days prior to the close of each Fiscal Year, the Company Projections, which will be prepared by Borrower in good faith, with care and diligence, and using assumptions which are reasonable under the circumstances at the time such Projections are delivered to Lender and disclosed therein when delivered; (e) promptly upon the filing thereof, copies of all registration statements (other than the exhibits thereto and any registration statements on Form S-8 or its equivalent) and annual, quarterly or monthly reports which Borrower shall cause have filed with the Servicer Securities and Exchange Commission; and (to the extent that the Company as Master Servicer is granted f) such authority in the related Servicing Agreement) to provide to the Purchaser such other reports and information as the Purchaser may be reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required requested by Lender from time to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensestime.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing this Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser Directing Holder the following notices and reports: (i) Within five Business Days after each Distribution Date (or included Upon reasonable request of the Directing Holder, with respect to any Mortgage Loan listed as at least 30 days delinquent in or with the monthly statements statement provided to Certificateholders Noteholders pursuant to Section 7.05 of the Pooling and Servicing Agreement)Indenture, the Company, Servicer shall provide to the Purchaser a report, using the same methodology and calculations such information as it may have in its standard servicing reportspossession or may reasonably obtain, indicating for the Trust Estate reasonable out of pocket expenses of the number Servicer in providing such information to be paid promptly by the Directing Holder, upon receipt of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan an invoice from the loan number and outstanding principal balanceServicer. (ii) Prior to the Commencement of Foreclosure in connection with any Subject Mortgage Loan, the Company Servicer shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser Directing Holder with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the such Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the PurchaserDirecting Holder, the Company Servicer shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their its normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, inquiries by the Purchaser Directing Holder in connection with any Subject Mortgage Loan identified in a report or notice under subsection (aa)(i) (i) (B), (a) (i) (C), (a) (i) (D), or (aa)(ii) (ii) above which has been given to the PurchaserDirecting Holder; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmissionnot be required to provide any written information under this subsection. (c) In addition to the foregoing, the Company shall cause The Remittance Reports prepared by the Servicer (pursuant to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request providedSection 4.01, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out statements to Noteholders prepared by the Indenture Trustee pursuant to Section 7.05 of pocket expensesthe Indenture, shall each include the following additional information: (i) the number and aggregate unpaid principal balance of Mortgage Loans as to which an Election to Delay Foreclosure has been made and (ii) the number and aggregate unpaid principal balance of Mortgage Loans as to which an Election to Foreclose has been made.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company Company, as Master Servicer Servicer, shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements statement to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, Company shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, report indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, inquiries by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (Ba)(i)(B), (a) (i) (Ca)(i)(C), (aa)(i)(D) (i) (D), or (a) (iia)(ii) which has been given to the Purchaser; provided, that (1) the related Servicer Company shall only be required to provide information that is readily accessible to its servicing personnel and is non- confidential and (2) the Company shall not be required to provide any written information under this subsection. (c) In addition to the foregoing, the Company shall provide to the Purchaser such information as the Purchaser may reasonably request concerning each Mortgage Loan that is at least sixty days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided that the Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmissionconfidential. (cd) In addition With respect to all Mortgage Loans which are serviced at any time by the foregoingCompany through a Subservicer, the Company shall cause be entitled to rely for all purposes hereunder, including for purposes of fulfilling its reporting obligations under this Section 2.01 on the Servicer (accuracy and completeness of any information provided to it by the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensesapplicable Subservicer.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted [Pool I] [Pool II] Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of [Pool I] [Pool II] Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such [Pool I] [Pool II] Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any [Pool I] [Pool II] Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the [Pool I] [Pool II] Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any [Pool I] [Pool II] Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each [Pool I] [Pool II] Mortgage Loan that is at least ninety days delinquent and each [Pool I] [Pool II] Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expenses.

Reports and Notices. From the Closing Date until the Termination Date, Borrower shall deliver to Lender: (a) In connection with within thirty (30) days following the performance end of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loanseach Fiscal Month, the Company as Master Servicer Financial Statements for such Fiscal Month, which shall provide comparisons to the Purchaser the following notices budget and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating actual results for the Trust Estate corresponding period during the number of Mortgage Loans that are (A) thirty daysprior Fiscal Year, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosureboth on a monthly and year-to-date basis, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with accompanied by a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser certification in the form of a copy Exhibit J by the Chief Executive Officer or Chief Financial Officer of a referral letter from Borrower that such Servicer to an attorney requesting Financial Statements are complete and correct, that there was no Default (or specifying those Defaults of which he or she was aware), and showing in reasonable detail the institution of foreclosure.calculations used in determining compliance with the financial covenants hereunder; (b) If requested within forty-five (45) days following the end of each Fiscal Quarter, the Financial Statements for such Fiscal Quarter, which shall provide comparisons to budget and actual results for the corresponding period during the prior Fiscal Year, both on a monthly and year-to-date basis, and accompanied by a certification in the form of Exhibit J by the PurchaserChief Executive Officer or Chief Financial Officer of Borrower that such Financial Statements are complete and correct, the Company shall cause the Servicer that there was no Default (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, specifying those Defaults of which he or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (Bshe was aware), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to and showing in reasonable detail the Purchaser; provided, that (1) calculations used in determining compliance with the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission.financial covenants hereunder; (c) In addition within one hundred and five (105) days following the close of each Fiscal Year, the Financial Statements for such Fiscal Year certified without qualification by an independent certified accounting firm acceptable to Lender, which shall provide comparisons to the foregoingprior Fiscal Year, and shall be accompanied by (i) a statement in reasonable detail showing the calculations used in determining compliance with the financial covenants hereunder, (ii) a report from Borrower's accountants to the effect that in connection with their audit examination nothing has come to their attention to cause them to believe that a Default has occurred or specifying those Defaults of which they are aware, and (iii) any management letter that may be issued; (d) not less than thirty (30) days after the beginning of each Fiscal Year, the Company shall cause Projections, which will be prepared by Borrower in good faith, with care and diligence, and using assumptions that are reasonable under the Servicer circumstances at the time such Projections are delivered to Lender and disclosed therein when delivered; and (to the extent that the Company as Master Servicer is granted e) such authority in the related Servicing Agreement) to provide to the Purchaser such other reports and information as the Purchaser Lender may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensesrequest.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Home Equity Loans, the Company Servicer as Master Servicer shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the CompanyServicer, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Home Equity Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Home Equity Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Home Equity Loan, the Company Servicer shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Home Equity Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such the Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the Purchaser, the Company Servicer shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Home Equity Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company Servicer shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Home Equity Loan that is at least ninety days delinquent and each Mortgage Home Equity Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expenses.

Reports and Notices. (a1) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company Company, as Master Servicer Servicer, shall provide to the Purchaser the following notices and reports: (ia) Within five Business Days after each Distribution Date (or included in or with the monthly statements statement to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, Company shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, report indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (iib) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b2) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, inquiries by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (Ba)(i)(B), (a) (i) (Ca)(i)(C), (aa)(i)(D) (i) (D), or (a) (iia)(ii) which has been given to the Purchaser; provided, that (1) the related Servicer Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer Company shall respond within five Business Days orally or in writing by facsimile transmissionnot be required to provide any written information under this subsection. (c3) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety sixty days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, provided that the related Servicer Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensesconfidential.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company LHMC, as Master Servicer Servicer, shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements statement to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, LHMC shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, report indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company LHMC shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the Purchaser, the Company LHMC shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, inquiries by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (Ba)(i)(B), (a) (i) (Ca)(i)(C), (aa)(i)(D) (i) (D), or (a) (iia)(ii) which has been given to the Purchaser; provided, that (1) the related Servicer LHMC shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer LHMC shall respond within five Business Days orally or in writing by facsimile transmissionnot be required to provide any written information under this subsection. (c) In addition to the foregoing, the Company LHMC shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety sixty days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, provided that the related Servicer LHMC shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential providedconfidential. (d) With respect to all Loans which are serviced at any time by the LHMC through a Subservicer, howeverthe LHMC shall be entitled to rely for all purposes hereunder, that including for purposes of fulfilling its reporting obligations under this Section 2.01 on the Purchaser will reimburse accuracy and completeness of any information provided to it by the Company and the related Servicer for any out of pocket expensesapplicable subservicer.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) ___Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expenses.

Reports and Notices. Notwithstanding that Net may not be required to be or remain subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, Net shall file (aif then permitted to do so) In connection with the performance Commission and provide (whether or not so filed with the Commission), within 15 days after the date on which Net is required to file the same with the Commission (or would be so required if it were subject to such reporting requirements), the Trustee and Holders and prospective Holders (upon request) with the annual reports and the information, documents and other reports, which are specified in Sections 13 and 15(d) of the Exchange Act. Net shall comply with the provisions of TIA § 314(a). Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of same shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its duties under covenants hereunder (as to which the Pooling Trustee is entitled to rely exclusively on Officer’s Certificates). Net and Servicing Agreement the Company shall not, and Net shall not cause the Restricted Subsidiaries to, reduce the level of all public disclosure practices (including those relating to the realization upon defaulted Mortgage Loansdisclosure of customer churn rates and subscriber base) of Net, the Company and the other Restricted Subsidiaries as Master Servicer of the Issue Date and shall comply with all applicable public disclosure requirements under the laws of Brazil with respect to information to be disclosed publicly to shareholders and creditors. The Company shall provide to the Purchaser the following notices and reportsTrustee: (ia) Within five promptly (but in any event within 10 Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), of any Officer of the Company, shall provide to Net or any Restricted Subsidiary becoming aware of the Purchaser occurrence) notice of the occurrence of (i) a reportDefault, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior an Event of Default, (iii) any action by any holder of Senior Secured Indebtedness to the Commencement of Foreclosure in connection with any Mortgage Loanaccelerate Indebtedness owing to it by Net, the Company shall cause or any other Restricted Subsidiary or (iv) any legal action by any holder of Senior Secured Indebtedness to the extent that enforce Indebtedness owing to it by Net, the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure.or any other Restricted Subsidiary; (b) If requested promptly (but in any event within 10 Business Days after sending any notice described in clause (a) immediately above), a written report prepared by an Officer of the PurchaserCompany setting forth the details of the relevant event and the action that Net, the Company shall cause the Servicer (and any other applicable Restricted Subsidiary is taking or proposes to take with respect to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaserevent; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission.and (c) In addition promptly, notice that any Default or Event of Default has been cured, along with an Officer’s Certificate describing the steps taken in connection with the cure. For so long as any Securities remain outstanding, if at any time Net is not required to file with the Commission (or furnish to Holders, as the case may be) the reports required by the first paragraph of this Section 10.11, Net shall furnish to the foregoingHolders and to securities analysts and prospective investors, upon their request, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer shall only be required to provide information that is readily accessible be delivered pursuant to its servicing personnel and is non-confidential provided, however, that Rule 144A(d)(4) under the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensesSecurities Act.

Reports and Notices. Borrower, for itself and on behalf of the Parent and the other Credit Parties, covenants and agrees that from and after the Restatement Date and until the Termination Date, it shall deliver or cause to be delivered to Lender each of the following at the Lender's address specified pursuant to Section 9.10. (a) In connection with the performance On each Business Day, a Notice of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser Borrowing/Collection Report from Borrower in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure.Exhibit A hereto; (b) If requested by On the Purchaserfirst Business Day of each week, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (B)an accounts receivable summary from Borrower in the form of Exhibit K hereto with respect to Borrower's Accounts for the preceding week and Lender, (a) (i) (C)at its reasonable discretion, (a) (i) (D)may verify such Accounts owing by selected Account Debtors, or (a) and (ii) which has been given an inventory summary from Borrower in the form of Exhibit L hereto with respect to Eligible Inventory for the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission.preceding week; (c) In addition Not later than the tenth Business Day of each month a Borrowing Base Certificate from Borrower as of the last day of the preceding month accompanied by such supporting detail and documentation as is satisfactory to Lender, including but not limited to (i) a monthly trial balance sheet showing accounts receivable outstanding by Account Debtor, aged from invoice date as follows: 1 to 30 days, 31 to 60 days, 61 to 90 days, 91 to 120 days and 121 days or more; and (ii) reconciliation of the accounts receivable trial balance to Borrower's general ledger and monthly financial statements; (d) Within 30 days after the end of each Fiscal Month, financial and other information for such Fiscal Month for Borrower, certified by an officer of Borrower, including, without limitation, an internally-prepared (i) statement of income and cash flow and balance sheet, (ii) sales analysis report; (iii) inventory/product mix analysis, as well as a summary aged receivable trial balance (by payor category), each of which shall be in form and in substance reasonably satisfactory to Lender and each of which shall provide comparisons to the foregoinginternally prepared statement for the prior year's equivalent period and to budget, (iv) at the end of each Fiscal Quarter only, a schedule in reasonable detail showing the calculations used in determining Borrower's compliance with the financial covenants set forth in Section 7.10, (v) a consolidating balance sheet and statement of income for the Parent Group and (vi) the certification of the president or chief financial officer of Borrower that all such financial statements delivered pursuant to clauses (i) and (v) above present fairly in accordance with GAAP (subject to normal year-end audit adjustments and the absence of footnotes) the financial position, the Company shall cause results of operations and the Servicer (to statements of cash flow of -38- Borrower as at the extent that end of such month and for the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, howeverperiod then ended, that such information is consistent with normal reporting practicescomplete and correct in all material respects as of its date and that no Default exists; (e) Not more than 30 days prior to the beginning of each Fiscal Year, concerning each Mortgage Loan a consolidating operating plan for the Parent Group, approved by the Parent's board of directors, for such Fiscal Year that includes a monthly budget for the following year and includes for such year, operating profit estimates and plans for capital expenditures and facilities and that is at least ninety accompanied by a certificate of the chief executive officer or chief financial officer of the Parent that such operating plan is based upon reasonable estimates and assumptions, all of which are reasonable in light of conditions then existing, have been prepared on the basis of the assumptions stated therein, and reflect the reasonable estimate of the Parent of the expected results of operations and other information projected therein; (f) Within 90 days delinquent after the end of each Fiscal Year, annual consolidated financial statements of the Parent and its Consolidated Subsidiaries, consisting of a consolidated balance sheet and consolidated statements of income, cash flows and stockholders' equity, which financial statements shall be prepared in accordance with GAAP, reported on (only with respect to the financial statements) without qualification by a firm of independent certified public accountants of recognized national standing selected by the Parent and reasonably acceptable to Lender, and accompanied by (i) a report from such accountants to the effect that in connection with their audit examination, nothing has come to their attention to cause them to believe that a Default has occurred, (ii) the annual letter from the chief financial officer of the Parent and each Mortgage Loan Credit Party to such accountants in connection with their audit examination detailing such Credit Party's contingent liabilities and material litigation matters involving such Credit Party, and (iii) a certification of the chief executive officer or chief financial officer of the Parent and each Credit Party that all such financial statements present fairly in accordance with GAAP the financial position, the results of operations and the cash flows of the Parent and each Credit Party as at the end of such year and for the period then ended and that no Default exists; (g) As soon as practicable, but in any event within two (2) Business Days after any officer of any Credit Party becomes aware of the existence of any Default, or any development or other information that could reasonably be expected to have or result in a Material Adverse Effect, telephonic or telegraphic notice specifying the nature of such Default or development or information, including the anticipated effect thereof, which has become real estate ownednotice shall be promptly confirmed in writing within five (5) Business Days; (h) Promptly upon filing thereof, through copies of such financial statements and reports as the final liquidation thereof; providedParent or any Credit Party shall send to its stockholders and all registration statements, and all regular or periodic reports that the related Servicer Parent or any Credit Party shall only file, or may be required to provide file, with the Securities and Exchange Commission or any successor commission; (i) Promptly upon receipt thereof, copies of all reports, if any, submitted to the Parent or any Credit Party or its board of directors by its independent certified public -39- accountants, including without limitation any management report; (j) As often as Lender may request, such statements and schedules further identifying and describing the Collateral and such other reports in connection therewith as Lender may reasonably request, all in reasonable detail; (k) Promptly upon learning thereof, each Credit Party shall advise Lender in reasonable detail of (i) any material Lien (other than as permitted under Section 7.6) attaching to or asserted against any of the Collateral, (ii) any material change in the composition of the Collateral or (iii) the occurrence of any other event that could reasonably be expected to have or result in a material adverse effect upon the Collateral and/or Lender's Liens thereon; and (l) Such other reports and information that is readily accessible respecting the Parent's or any Credit Party's business, financial condition or prospects as Lender may, from time to its servicing personnel and is non-confidential providedtime, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expensesreasonably request.

Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Master Servicer shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders Securityholders pursuant to the Pooling and Servicing Agreement), the Company[Company][Trustee], shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Estate the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall cause (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) the Servicer to provide the Purchaser with a notice (sent by telecopier) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from such Servicer to an attorney requesting the institution of foreclosure. (b) If requested by the Purchaser, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a) (i) (B), (a) (i) (C), (a) (i) (D), or (a) (ii) which has been given to the Purchaser; provided, that (1) the related Servicer shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the related Servicer shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company shall cause the Servicer (to the extent that the Company as Master Servicer is granted such authority in the related Servicing Agreement) to provide to the Purchaser such information as the Purchaser may reasonably request provided, however, that such information is consistent with normal reporting practices, concerning each Mortgage Loan that is at least ninety days delinquent and each Mortgage Loan which has become real estate owned, through the final liquidation thereof; provided, that the related Servicer Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential provided, however, that the Purchaser will reimburse the Company and the related Servicer for any out of pocket expenses.