Reports by Master Servicer Clause Samples

The "Reports by Master Servicer" clause requires the master servicer to regularly provide detailed reports regarding the status and performance of the serviced assets, such as loan payments, delinquencies, or portfolio summaries. These reports are typically delivered on a set schedule, like monthly or quarterly, and must include specific information as outlined in the agreement, ensuring all relevant parties are kept informed about the servicing activities. The core function of this clause is to promote transparency and accountability by ensuring that stakeholders receive timely and accurate updates on the management of the serviced assets.
Reports by Master Servicer. (a) On or before the Business Day preceding each Distribution Date, based on information provided by the Servicer, the Master Servicer shall report in writing to the Depositor (in hard copy), each Holder of a Certificate, the Underwriters and the Trustee and their designees (designated in writing to the Master Servicer) and the Rating Agencies: (i) with respect to each Class of Certificates (other than Class C and Class R) (based on a Certificate in the original principal amount of $1,000): (a) the amount of the distributions on such Distribution Date; (b) the amount of such distribution allocable to interest; (c) the amount of such distributions allocable to principal, separately identifying the aggregate amount of any prepayments, Substitution Shortfalls, repurchase amounts pursuant to Section 2.03 of the Standard Terms or other recoveries of principal included therein, any Group I or Group II Extra Principal Distribution Amount and any Class MF-1, Class MF-2 and Class BF-1, Class MV-1, Class MV-2 and Class BV-1 Applied Realized Loss Amount with respect to, and any Class MF-1, Class MF-2 and Class BF-1, Class MV-1, Class MV-2 and Class BV-1 Unpaid Realized Loss Amount at, such Distribution Date; (d) the principal balance after giving effect to any distribution allocable to principal; and (e) any Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class MF-1, Class MF-2, Class BF-1 Interest Carry Forward Amount, any Class AV-1, Class MV-1, Class MV-2 and Class BV-1 Interest Carry Forward Amount or any Class AV-1, Class MV-1, Class MV-2 and Class BV-1 Certificates Carryover ; (ii) the Group I Net Rate and the Group II Net Rate; (iii) the Realized Losses for Group I and Group II for the period and since the Cut-Off Date; (iv) the largest Mortgage Loan balance outstanding in each Group; (v) the Servicing Fees and Master Servicing Fees allocable to each Group; (vi) One-Month LIBOR on the most recent Interest Determination Date; and (vii) the Pass-Through Rates for the Group II Certificates for the current Accrual Period and, if the Pass-Through Rates for any Class of the Group I Certificates for the current Accrual Period is based on the Group I Net Rate, the Pass-Through Rates for the Group I Certificates with respect to which the Group I Net Rate applies. (b) On each Distribution Date, based on information provided by the Servicer, the Master Servicer will distribute to the Depositor, each Holder, the Underwriters, the Rating Agencies an...
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Reports by Master Servicer. (a) On each Distribution Date the Master Servicer shall report in writing to the Depositor (in hard copy), each Holder of a Class A Certificate, the Certificate Insurer, the Underwriters and the Trustee and their designees (designated in writing to the Master Servicer) and the Rating Agencies: (i) the amount of the distribution with respect to each Class of Class A Certificates (based on a Class A Certificate in the original principal amount of $1,000); (ii) the amount of such distributions allocable to principal, separately identifying the aggregate amount of any prepayments or other recoveries of principal included therein, and any Subordination Increase Amount with respect to the related Mortgage Loan Group (based on a Class A Certificate in the original principal amount of $1,000); (iii) the amount of such distributions allocable to interest (based on a Class A Certificate in the original principal amount of $1,000); (iv) if the distribution with respect to any Class of the Class A Certificates on such Distribution Date was less than the related Class A Distribution Amount on such Distribution Date, the allocation thereof to the related Classes of the Class A Certificates resulting therefrom; (v) the amount of any Insured Payment included in the amounts distributed to the Class A Certificates on such Distribution Date; (vi) the Certificate Principal Balance of each Class of Class A Certificates and the aggregate Scheduled Principal Balance of each Group, in each case after giving effect to any Class A Principal Distribution on such Distribution Date; (vii) the Subordinated Amount or Subordination Deficit, if any, for each Group remaining after giving effect to all distributions and transfers on such Distribution Date; (viii) the total of any Substitution Shortfalls and any repurchase amounts included in such distribution with respect to each Group; (ix) the weighted average Net Rate of the Mortgage Loans with respect to each Group; (x) such other information as the Certificate Insurer may reasonably request with respect to Delinquent Mortgage Loans; (xi) the largest Mortgage Loan balance outstanding in each Group; (xii) the Servicing Fees, Master Servicing Fees and Premium Amount allocable to each Group; (xiii) One-Month LIBOR on the most recent Interest Determination Date; (xiv) the Pass-through Rates for the Class A-6 Certificates for the Current Accrual Period; and (xv) for each Distribution Date during the Funding Period, the Pre-Funded Amount allo...
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Reports by Master Servicer. (a) On each Distribution Date, based on information provided by the Servicers, the Master Servicer shall report in writing to the Depositor (in hard copy), each Holder of a Certificate, the Underwriters and the Trustee and their designees (designated in writing to the Master Servicer) and the Rating Agencies: (i) with respect to each Class of Certificates (other than Class C and Class R) (based on a Certificate in the original principal amount of $1,000): (a) the amount of the distributions on such Distribution Date; (b) the amount of such distribution allocable to interest; (c) the amount of such distributions allocable to principal, separately identifying the aggregate amount of any prepayments, Substitution Shortfalls, repurchase amounts pursuant to Section 2.03 of the Standard Terms or other recoveries of principal included therein and any Extra Principal Distribution Amount and any Applied Realized Loss Amount with respect to, and any Unpaid Realized Loss at, such Distribution Date;
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Reports by Master Servicer. 17 Article IV The Certificates................................................... 18 Section 4.01. The Certificates.............................................. 18 Section 4.02. Denominations................................................. 18
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Reports by Master Servicer. (a) On or before the Business Day preceding each Distribution Date, based on information provided by the Servicer, the Master Servicer shall report or cause to be reported in writing to the Depositor (in hard copy), each Holder of a Certificate, the Underwriters and the Trustee and their designees (designated in writing to the Master Servicer) and the Rating Agencies: (i) with respect to each Class of Certificates (other than Class C and Class R) (based on a Certificate in the original principal amount of $1,000): (a) the amount of the distributions on such Distribution Date;
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Related to Reports by Master Servicer

  • Reports by the Trustee (a) If required by Section 313(a) of the Trust Indenture Act, the Trustee, within sixty (60) days after each May 1, shall send to the Securityholders a brief report dated as of such May 1, which complies with Section 313(a) of the Trust Indenture Act. (b) The Trustee shall comply with Section 313(b) and 313(c) of the Trust Indenture Act. (c) A copy of each such report shall, at the time of such transmission to Securityholders, be filed by the Trustee with the Company, with each securities exchange upon which any Securities are listed (if so listed) and also with the Commission. The Company agrees to notify the Trustee when any Securities become listed on any securities exchange.

  • Reports by Trustee to Holders Within 60 days after each May 15, beginning with May 15, 2004, the Trustee shall mail to each Holder as provided in TIA Section 313(c) a brief report dated as of such May 15, if required by TIA Section 313(a). A copy of each report at the time of its mailing to the Holders of Securities shall be mailed to the Company and filed with the Commission and each stock exchange on which the Securities are listed in accordance-with TIA Section 313(d). The Company shall promptly notify the Trustee when the Securities are listed on any stock exchange or of any delisting thereof.

  • Reports by Indenture Trustee to Holders The Indenture Trustee shall deliver to each Noteholder such information as may be required to enable such holder to prepare its federal and state income tax returns.

  • Reports by Trustee to the Holders As promptly as practicable after each June 30 beginning with the June 30 following the date of this Indenture, and in any event prior to August 30 in each year, the Trustee shall send to each Holder a brief report dated as of such June 30 that complies with Section 313(a) of the TIA if and to the extent required thereby. The Trustee shall also comply with Section 313(b) of the TIA. A copy of each report at the time of its mailing to the Holders shall be filed with the SEC and each stock exchange (if any) on which the Securities are listed. The Issuer agrees to notify promptly the Trustee in writing whenever the Securities become listed on any stock exchange and of any delisting thereof.

  • Reports by Custodian The Custodian will supply to the Fund from time to time, as mutually agreed upon, statements in respect of the securities and other assets of the Fund held by foreign sub-custodians, including but not limited to an identification of entities having possession of the Fund's securities and other assets and advices or notifications of any transfers of securities to or from each custodial account maintained by a foreign banking institution for the Custodian on behalf of the Fund indicating, as to securities acquired for the Fund, the identity of the entity having physical possession of such securities.