Common use of STATEMENTS TO BONDHOLDERS Clause in Contracts

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on to each Bondholder and each Certificateholder, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class 1-A, Class 2-A, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3- 1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and Class M-6-2 Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (viii) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-A, Class 2-A, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and Class M-6-2 Bonds after giving effect to the distribution of principal on such Payment Date; (ix) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (x) the Class 1-A Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, and Group 3 Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xii) the amount of any Advances and Compensating Interest payments; (xiii) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (xv) the book value of any REO Property; (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

Appears in 1 contract

Sources: Indenture (Imh Assets Corp Collateralized Asset Backed Bonds Ser 2004 3)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇https://www.corporatetrust.db.com/in▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on ▇n to each Bondholder and each Certificateholder, the Derivative Contract Counterparty, the Depositor, the Bond Insurer, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 2 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class 1-AA-1, Class 21-A, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-BA-2, Class M-1-1, Class M-2-1, Class M-3- M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class 2-A, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and Class M-6M- 6-2 Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (viii) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-AA-1, Class 21-A, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-BA-2, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class 2-A, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and Class M-6-2 Bonds after giving effect to the distribution of principal on such Payment Date; (ix) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (x) the Class 1-A Senior Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, Amount and Group 3 Subordinate Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xii) the amount of any Advances and Compensating Interest payments; (xiii) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Sale and Contribution Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (xv) the book value of any REO Property; (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date;; and (xviii) any Insured Amount paid for the amount withdrawn from benefit of the Group 1 PreClass 1-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment DateA-2 Bonds. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.. ARTICLE VIII Accounts, Disbursements and Releases

Appears in 1 contract

Sources: Indenture (Imh Assets Corp Impac CMB Trust Series 2003 10)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇www.ctslink.com or deliver at the r▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on to each Bondholder and each Certificateholder, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class 1-AA-1, Class 2-AA-2, Class 3-AA-3, Class 3-M-1, Class 3-M-2, Class 3-BM-3, Class M-1-1, Class M-2-1, Class M-3- 1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-4 and Class M-6-2 M-5 Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (viii) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-AA-1, Class 2-AA-2, Class 3-AA-3, Class 3-M-1, Class 3-M-2, Class 3-BM-3, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-4 and Class M-6-2 M-5 Bonds after giving effect to the distribution of principal on such Payment Date; (ix) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (x) the Class 1-A Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, and Group 3 Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan GroupAmount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xii) the amount of any Advances and Compensating Interest payments; (xiii) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Sale and Contribution Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3aggregate; (xv) the book value of any REO Property; (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date;; and (xvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders. The Indenture Trustee will make the monthly statements provided for in this section (and, at its option, any additional files containing the same information in an alternative format) available each month to Bondholders, other parties to this Agreement and any other interested parties via the Indenture Trustee's website. The Trustee's website shall initially be located at www.ctslink.com. Assistance in usin▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇an be obtained by calling the Trustee's customer service desk at (301) 815-6600. Parties that are un▇▇▇▇ ▇▇ ▇▇▇ ▇▇e website are entitled to have a paper copy ailed to them via first class mail by calling the customer service desk and indicating such. With the consent of the Depositor, the Indenture Trustee may have the right to change the way the monthly statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Indenture Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Indenture Trustee shall be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the monthly statement, and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto).

Appears in 1 contract

Sources: Indenture (Impac CMB Trust Series 2004-2)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on to each Bondholder and each Certificateholder, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 2 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class 1-AA-1, Class 2-AA-1, Class 31-AA-2, Class 32-A-2, Class 1-A-3, Class 1-M-1, Class 32-M-1, Class 1-M-2, Class 32-B, Class M-1-1, Class M-2-1, Class M-3- 1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-M- 2, Class M-21-2M-3, Class M-31-2M-4, Class M-41-2M-5, Class M-51-2 M-6 and Class M-62-2 B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (viii) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-AA-1, Class 2-AA-1, Class 31-AA-2, Class 32-A-2, Class 1-A-3, Class 1-M-1, Class 32-M-1, Class 1-M-2, Class 32-B, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-M- 2, Class M-21-2M-3, Class M-31-2M-4, Class M-41-2M-5, Class M-51-2 M-6 and Class M-62-2 B Bonds after giving effect to the distribution of principal on such Payment Date; (ix) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (x) the Class 1-A Group 1 Net Derivative Contract Payment Amount, Amount and Class M Net Derivative Contract Payment Amount, and Group 3 1-A- 1 Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xii) the amount of any Advances and Compensating Interest payments; (xiii) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (xv) the book value of any REO Property; (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Class 1-A-1 and Group 1 Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

Appears in 1 contract

Sources: Indenture (Imh Assets Corp Collateralized Asset Backed Bonds Ser 2004 4)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ://▇▇▇.▇▇▇▇▇▇▇.▇▇'▇▇▇▇on or deliver at the recipient's option to each Bondholder and each Certificateholder, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 2 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of 1-A-1, Class 1-AA-2, Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-B, Class 2-AA-1, Class 32-AA-2, Class 32-M-1, Class 32-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3- 1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-2 and Class M-62-2 B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (viii) the aggregate Bond Principal Balance of each Class of Bonds (other than the Class 1-A-IO Bonds), after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-AA-1, Class 1-A-2, Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-B, Class 2-AA-1, Class 32-AA-2, Class 32-M-1, Class 32-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-2 and Class M-62-2 B Bonds after giving effect to the distribution of principal on such Payment Date; (ix) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (x) the Class 1-A Group 1 Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, Amount and Group 3 2 Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xii) the amount of any Advances and Compensating Interest payments; (xiii) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (xv) the book value of any REO Property; (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date;; and (xvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (viv) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (viv) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Group 1 Net Derivative Contract Payment Amount and Group 2 Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders. The Indenture Trustee will make the monthly statements provided for in this section (and, at its option, any additional files containing the same information in an alternative format) available each month to Bondholders, other parties to this Agreement and any other interested parties via the Indenture Trustee's website. The Indenture Trustee's website shall initially be located at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇. Assistance in using the website can be obtained by calling the Trustee's customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the website are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. With the consent of the Director, the Indenture Trustee may have the right to change the way the monthly statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Indenture Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Indenture Trustee shall be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the monthly statement, and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto).

Appears in 1 contract

Sources: Indenture (Impac CMB Trust Series 2005-2, Collateralized Asset-Backed Bonds, Series 2005-2)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on to each Bondholder and each Certificateholder, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 2 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class 1-AA-1, Class 1-A-2, Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 2-AA-1, Class 3-A, Class 32-M-1, Class 32-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3- 1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-2 and Class M-62-2 B-1 Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (viii) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-AA-1, Class 1-A-2, Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 2-AA-1, Class 3-A, Class 32-M-1, Class 32-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-2 and Class M-62-2 B-1 Bonds after giving effect to the distribution of principal on such Payment Date; (ix) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (x) the Class 1-A Group 1 Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, Amount and Group 3 2 Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xii) the amount of any Advances and Compensating Interest payments; (xiii) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Sale and Contribution Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (xv) the book value of any REO Property; (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date;; and (xvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

Appears in 1 contract

Sources: Indenture (Imh Assets Corp Impac CMB Trust Series 2003 11)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇https://www.corporatetrust.db.com/invr or deliver at the recipient's ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇ ▇▇▇on to each Bondholder and each Certificateholder▇▇tificateholder, the Derivative Contract Counterparty, the Depositor, the Bond Insurer, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 2 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class 1-AA-1, Class 21-A, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-BA-2, Class M-1-1, Class M-2-1, Class M-3- M-3-1, Class M-4-1, Class M-5-1, Class M-62-1A, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and Class M-6M-5-2 Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (viii) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-AA-1, Class 21-A, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-BA-2, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-62-1A, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and Class M-6M-5-2 Bonds after giving effect to the distribution of principal on such Payment Date; (ix) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (x) the Class 1-A Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, and Group 3 Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xii) the amount of any Advances and Compensating Interest payments; (xiii) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (xv) the book value of any REO Property; (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) any Insured Amount paid for the benefit of the Class 2-A Bonds; (xix) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xixxx) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders. The Indenture Trustee will make the monthly statements provided for in this section (and, at its option, any additional files containing the same information in an alternative format) available each month to Bondholders, other parties to this Agreement and any other interested parties via the Indenture Trustee's website. The Indenture Trustee's website shall initially be located at https://www.corporatetrust.db.com/invr. Assistance in using the websi▇▇ ▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇tee's customer service desk at 1-800-735-7777. Parties that are unable to use the website are entitl▇▇ ▇▇ ▇▇▇▇ ▇ ▇aper copy ailed to them via first class mail by calling the customer service desk and indicating such. With the consent of the Depositor, the Indenture Trustee may have the right to change the way the monthly statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Indenture Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Indenture Trustee shall be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the monthly statement, and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto).

Appears in 1 contract

Sources: Indenture (Imh Assets Corp Impac CMB Trust Series 2004-7)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ://▇▇▇.▇▇▇.▇▇.▇▇▇'▇ ▇▇▇▇on /invr or deliver at the recipient's option to each Bondholder and each Certificateholder, the Derivative Contract CounterpartyCounterparties, the Depositor, the Owner Trustee, the Certificate Paying Agent Agent, the Bond Insurer and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 Mortgage Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class 1-AA-1, Class 2-AA-2, Class 3-AA-3W, Class 3-A-4, Class M-1, Class 3-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3- 1M-3, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-6 and Class M-6-2 B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (viii) the aggregate Bond Principal Balance of each Class of Bonds (other than the Class A-IO Bonds), after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-AA-1, Class 2-AA-2, Class 3-AA-3W, Class 3-A-4, Class M-1, Class 3-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-6 and Class M-6-2 B Bonds after giving effect to the distribution of principal on such Payment Date; (ix) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (x) the Class 1-A Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, and Group 3 Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xii) the amount of any Advances and Compensating Interest payments; (xiii) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3Date; (xv) the book value of any REO Property; (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date;; and (xvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (viv) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (viv) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

Appears in 1 contract

Sources: Indenture (IMPAC CMB Trust Series 2005-5)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇https://www.tss.db.com/invr or deliv▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on ▇n to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds, Group 4 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans, Group 3 Loans and Group 3 4 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of 1-A-1, Class 1-AA-2, Class 2-A, Class 3-AA-1, Class 3-A-2, Class 3-M-1, Class 3-M-2, Class 3-BM-3, Class M-13-1M-4, Class M-23-1M-5, Class M-3- 14-A-1, Class M-44-1A-2, Class M-54-1M-1, Class M-64-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-2 and Class M-64-2 B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Class 1-A-1 Insured Amount, Class 1-A-2 Insured Amount and Class 2-A Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vvi) the amount of such distribution to the Certificates; (vivii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viiviii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 2, Loan Group 3 and Loan Group 34; (viiiix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-AA-1, Class 1-A-2, Class 2-A, Class 3-AA-1, Class 3-A-2, Class 3-M-1, Class 3-M-2, Class 3-BM-3, Class M-13-1M-4, Class M-23-1M-5, Class M-34-1A-1, Class M-44-1A-2, Class M-54-1M-1, Class M-64-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-2 and Class M-64-2 B Bonds after giving effect to the distribution of principal on such Payment Date; (ixx) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 2, Loan Group 3 and Loan Group 34; (xxi) the Class 1-A Group 1 Net Derivative Contract Payment Amount, Class M Group 2 Net Derivative Contract Payment Amount, Group 3 Net Derivative Contract Payment Amount and Group 3 4 Net Derivative Contract Payment Amount; (xixii) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xiixiii) the amount of any Advances and Compensating Interest payments; (xiiixiv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xivxv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 2, Loan Group 3 and Loan Group 34; (xvxvi) the book value of any REO Property; (xvixvii) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date;; and (xviixviii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and. (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Pre-Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Group 1, Group 2, Group 3 and Group 4 Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

Appears in 1 contract

Sources: Indenture (IMPAC CMB Trust Series 2004-10)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ://▇▇▇.▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on ▇.▇▇.▇▇▇/invr or deliver at the recipient's option to each Bondholder and each Certificateholder, the Bond Insurer, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans1, Group 2 Loans and Group 3 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class 1-AA-1, Class 2-AA-1, Class 3-AA-1, Class 3-M-1, Class 3-M-2, Class 1-B-1 and Class 3-B, Class M-1-1, Class M-2-1, Class M-3- 1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and Class M-6-2 B-1 Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the Group 1 Insured Amount and Group 2 Insured Amount, if any, paid by the Bond Insurer under the Bond Insurance Policy for such Payment Date and the aggregate Insured Amounts for all prior Payment Dates paid by the Bond Insurer under the Bond Insurance Policy and not yet reimbursed; (v) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (vvi) the amount of such distribution to the Certificates; (vivii) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viiviii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (viiiix) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-AA-1, Class 2-A, A-1 Class 3-AA-1, Class 3-M-1, Class 3-M-2, Class 1-B-1 and Class 3-B, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and Class M-6-2 B-1 Bonds after giving effect to the distribution of principal on such Payment Date; (ixx) the amount of any Group 1 Principal Available Funds Shortfalls for such Payment Date; (xi) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (xxii) the Class 1-A Group 1 Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, Amount and Group 3 2 Net Derivative Contract Payment Amount; (xixiii) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xiixiv) the amount of any Advances and Compensating Interest payments; (xiiixv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xivxvi) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Sale and Contribution Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable, for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (xvxvii) the Sixty Day Rolling Delinquency Percentage, Ninety Day Rolling Delinquency Percentage and Cumulative Losses for such Payment Date for Loan Group 2; (xviii) the book value of any REO Property; (xvixix) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xviixx) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date;; and (xviiixxi) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Pre-Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

Appears in 1 contract

Sources: Indenture (Imh Assets Corp Impac CMB Trust Series 2003-4)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ www.ctslink.com or deliver ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on nt's option to each Bondholder and each Certificateholder, the Derivative Contract Counterparty, the Depositor, the Bond Insurer, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 2 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class 1-AA-1, Class 21-A, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-BA-2, Class M-1-1, Class M-2-1, Class M-3- M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class 2-A, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and Class M-6-2 Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (viii) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-AA-1, Class 21-A, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-BA-2, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class 2-A, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and Class M-6-2 Bonds after giving effect to the distribution of principal on such Payment Date; (ix) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (x) the Class 1-A Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, and Group 3 Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xii) the amount of any Advances and Compensating Interest payments; (xiii) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (xv) the book value of any REO Property; (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) any Insured Amount paid for the benefit of the Class 2-A Bonds; and (xix) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Pre-Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders. The Indenture Trustee will make the monthly statements provided for in this section (and, at its option, any additional files containing the same information in an alternative format) available each month to Bondholders, other parties to this Agreement and any other interested parties via the Indenture Trustee's website. The Indenture Trustee's website shall initially be located at www.ctslink.com. Assistanc▇ ▇▇ ▇▇▇▇▇ ▇▇▇ website can be obtained by calling the Trustee's customer service desk at (301) 815-6600. Parties th▇▇ ▇▇▇ ▇▇▇▇▇▇ to use the website are entitled to have a paper copy ailed to them via first class mail by calling the customer service desk and indicating such. With the consent of the Depositor, the Indenture Trustee may have the right to change the way the monthly statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Indenture Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Indenture Trustee shall be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the monthly statement, and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto).

Appears in 1 contract

Sources: Indenture (Imh Assets Corp Impac CMB Trust Series 2004-9)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ://▇▇▇.▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on ▇.▇▇.▇▇▇/invr or deliver at the recipient's option to each Bondholder and each Certificateholder, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class 1-A, Class 2-A, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3- 1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and Class M-6-2 Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (viii) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-A, Class 2-A, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and Class M-6-2 Bonds after giving effect to the distribution of principal on such Payment Date; (ix) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (x) the Class 1-A Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, and Group 3 Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xii) the amount of any Advances and Compensating Interest payments; (xiii) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (xv) the book value of any REO Property; (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

Appears in 1 contract

Sources: Indenture (Imh Assets Corp Collateralized Asset Backed Bonds Ser 2004 3)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/ihttps://www.corporatetrust.▇▇.▇▇▇/▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on nt's option to each Bondholder and each Certificateholder, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 2 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of 1-A-1, Class 1-AA-2, Class 2-A, Class 31-AA-3, Class 31-M-1, Class 32-M-1, Class 1-M-2, Class 32-BM-2, Class M-11-1M-3, Class M-21-1M-4, Class M-3- 1-M-5, Class M-41-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-6 and Class M-62-2 B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (viii) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-AA-1, Class 2-A, Class 31-AA-2, Class 31-A-3, Class 1-M-1, Class 32-M-1, Class 1-M-2, Class 32-BM-2, Class M-11-1M- 3, Class M-21-1M-4, Class M-31-1M-5, Class M-41-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-6 and Class M-62-2 B Bonds after giving effect to the distribution of principal on such Payment Date; (ix) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (x) the Class 1-A Group 1 Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, Amount and Group 3 2 Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xii) the amount of any Advances and Compensating Interest payments; (xiii) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (xv) the book value of any REO Property; (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date;; and (xviii) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Pre-Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Group 1 and Group 2 Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

Appears in 1 contract

Sources: Indenture (Impac CMP Trust Series 2004-5)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇https://www.tss.db.com/invr or deliv▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on ▇n to each Bondholder and each Certificateholder, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 2 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class 1-AA-1, Class 21-A, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-BA-2, Class M-1-1, Class M-2-1, Class M-3- M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class B-1, Class 2-A-1, Class 2-A-2, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and 2, Class M-6-2 and Class B-2 Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (viii) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-AA-1, Class 21-A, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-BA-2, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class B-1, Class 2-A-1, Class 2-A-2, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and 2, Class M-6-2 and Class B-2 Bonds after giving effect to the distribution of principal on such Payment Date; (ix) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (x) the Class 1-A Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, and Group 3 Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xii) the amount of any Advances and Compensating Interest payments; (xiii) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (xv) the book value of any REO Property; (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Pre-Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Pre-Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

Appears in 1 contract

Sources: Indenture (Imh Assets Corp Impac CMB Trust Series 2005-1)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's ’s website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ://▇▇▇.▇▇▇.▇▇.▇▇▇'▇ ▇▇▇▇on /invr or deliver at the recipient’s option to each Bondholder and each Certificateholder, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 2 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (iii) (a) the amount of such distribution to each Class of 1-A, Class 1-AAM, Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-B, Class 2-A, Class 32-AAM, Class 32-M-1, Class 32-M-2, Class 32-B, Class M-1-1, Class M-2-1, Class M-3- 1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-3 and Class M-62-2 B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (viii) the aggregate Bond Principal Balance of each Class of Bonds (other than the Class 1-A-IO Bonds), after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-A, Class 1-AM, Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class 1-B, Class 2-A, Class 32-AAM, Class 32-M-1, Class 32-M-2, Class 32-B, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-3 and Class M-62-2 B Bonds after giving effect to the distribution of principal on such Payment Date; (ix) [reserved] (x) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (xxi) the Class 1-A Group 1 Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, Amount and Group 3 2 Net Derivative Contract Payment Amount; (xixii) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case and as determined separately for each Loan Group; (xiixiii) the amount of any Advances and Compensating Interest payments; (xiiixiv) the aggregate Realized Losses with respect to the related Payment Date and the cumulative Realized Losses since the Closing Date; (xivxv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (xvxvi) [reserved] (xvii) the book value of any REO Property; (xvixviii) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date;; and (xviixix) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (viv) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (viv) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Group 1 Net Derivative Contract Payment Amount and Group 2 Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders. The Indenture Trustee will make the monthly statements provided for in this section (and, at its option, any additional files containing the same information in an alternative format) available each month to Bondholders, other parties to this Agreement and any other interested parties via the Indenture Trustee’s website. The Indenture Trustee’s website shall initially be located at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/invr. Assistance in using the website can be obtained by calling the Indenture Trustee’s customer service desk at (▇▇▇) ▇▇▇-▇▇▇▇. Parties that are unable to use the website are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. With the consent of the Depositor, the Indenture Trustee may have the right to change the way the monthly statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Indenture Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Indenture Trustee shall be entitled to rely on, but shall not be responsible for, the content or accuracy of any information provided by third parties for purposes of preparing the monthly statement, and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto).

Appears in 1 contract

Sources: Indenture (Impac CMB Trust Series 2005-8)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on deliver to each Bondholder and each Certificateholder, the Derivative Contract CounterpartyBondholder, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bondseach Class of Bonds and Certificates, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available FundsInterest Remittance Amount, Group 2 Available Funds, Group 3 Available Funds Principal Remittance Amount and Net Monthly Excess Cash Flow, with respect Bond Principal Distribution Amount payable to the Group 1 Loans, Group 2 Loans Bondholders and Group 3 Loans, payable to each Class of Bondholders Certificates for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds Shortfalls for such all prior Payment DateDates; (a) the amount of such distribution to the Holders of each Class of Class 1-A, Class 2-A, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3- 1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and Class M-6-2 Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iva) the amount of such distribution to the Holders of each Class of Bonds allocable Class C Certificates applied to interestreduce the Certificate Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (v) the amount of such distribution to the CertificatesHolders of such Class of Bonds allocable to interest; (vi) the amount of such distribution to Holders of such Class of Certificates allocable to interest; (vii) if the distribution to the Holders of any Class of Bonds or Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (viiviii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as after giving effect to the distribution of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3principal on such Payment Date; (viiiix) the aggregate Bond Principal Balance of each Class of the Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-A, Class 2-A, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and Class M-6-2 Bonds after giving effect to the distribution of principal on such Payment Date; (ixx) the aggregate Certificate Principal Balance of each Class of Class C Certificates, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Certificate Principal Balance of all of the Certificates after giving effect to the distribution of principal on such Payment Date; (xi) the Certificate Interest Rate on each Class of Certificates, (xii) the Notional Amount of the Class X Certificates, after giving effect to the amounts distributed on such Payment Date, (xiii) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 3130-60 59 days, 6160-90 89 days, 91 90 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of preceding Due Period; PROVIDED, HOWEVER, that such information will not be provided on the preceding calendar month, determined in statements relating to the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3first Payment Date; (x) the Class 1-A Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, and Group 3 Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xiixiv) the amount of any Advances and Compensating Interest payments; (xiiixv) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xivxvi) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Sale and Contribution Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3Date; (xvxvii) the book value of any REO Property;; and (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xviixviii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii), (iv), (v), (vi), (vii), (ix), (x) and (vxii) above shall be presented on the basis of a Bond or Certificate, as applicable, having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (ivv) and (vvii) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Determination Date Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

Appears in 1 contract

Sources: Indenture (Impac CMB Trust Series 1998-2)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇https://www.corporatetrust.db.com/invr or deliver at the recipient's o▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇on to each Bondholder and each Certificateholderificateholder, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class 1-AA-1, Class 2-AA-2, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3- 1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-3 and Class M-6-2 M-4 Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (viii) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-AA-1, Class 2-AA-2, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-3 and Class M-6-2 M-4 Bonds after giving effect to the distribution of principal on such Payment Date; (ix) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (x) the Class 1-A Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, and Group 3 Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan GroupAmount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xii) the amount of any Advances and Compensating Interest payments; (xiii) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Sale and Contribution Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3aggregate; (xv) the book value of any REO Property; (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date;; and (xvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.. ARTICLE VIII Accounts, Disbursements and Releases

Appears in 1 contract

Sources: Indenture (Imh Assets Corp Collateralized Asset Backed Bonds Se 03 12)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on to each Bondholder and each Certificateholder, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 2 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class 1-AA-1, Class 1-A-2, Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 2-AA-1, Class 3-A, Class 32-M-1, Class 32-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3- 1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-2 and Class M-62-2 B-1 Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (viii) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-AA-1, Class 1-A-2, Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 2-AA-1, Class 3-A, Class 32-M-1, Class 32-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-M- 2 and Class M-62-2 B-1 Bonds after giving effect to the distribution of principal on such Payment Date; (ix) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (x) the Class 1-A Group 1 Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, Amount and Group 3 2 Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xii) the amount of any Advances and Compensating Interest payments; (xiii) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Sale and Contribution Agreement or any Subsequent Mortgage Loan Sale and Contribution Agreement, as applicable, for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (xv) the book value of any REO Property; (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date;; and (xviii) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Pre-Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

Appears in 1 contract

Sources: Indenture (Impac CMB Trust Series 2003-8)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ://▇▇▇.▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on ▇.▇▇.▇▇▇/invr or deliver at the recipient's option to each Bondholder and each Certificateholder, the Derivative Contract Counterparty, the Depositor, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class 1-AA-1, Class 2-AA-2, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3- 1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-3 and Class M-6-2 M-4 Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (viii) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-AA-1, Class 2-AA-2, Class 3-A, Class 3-M-1, Class 3-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-3 and Class M-6-2 M-4 Bonds after giving effect to the distribution of principal on such Payment Date; (ix) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (x) the Class 1-A Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, and Group 3 Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan GroupAmount, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xii) the amount of any Advances and Compensating Interest payments; (xiii) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Sale and Contribution Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3aggregate; (xv) the book value of any REO Property; (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date;; and (xvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

Appears in 1 contract

Sources: Indenture (Imh Assets Corp Impac CMB Trust Series 2004-1)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇www.ctslink.com or deliver at the recipient's option to each Bondholde▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇'▇ ▇▇▇▇on to each Bondholder and each Certificateholderificateholder, the Derivative Contract Counterparty, the Depositor, the Bond Insurer, the Owner Trustee, the Certificate Paying Agent and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 2 Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds (other than the Class 2-A Bonds) for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (a) the amount of such distribution to each Class of Class 1-AA-1, Class 21-AA-2, Class 31-A, Class 3-M-1, Class 3-M-2, Class 3-BA-3, Class M-1-1, Class M-2-1, Class M-3- M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class 2-A, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and Class M-6-2 Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (viii) the aggregate Bond Principal Balance of each Class of Bonds, after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-AA-1, Class 21-AA-2, Class 31-A, Class 3-M-1, Class 3-M-2, Class 3-BA-3, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6M-6- 1, Class 2-1A, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 and Class M-6-2 Bonds after giving effect to the distribution of principal on such Payment Date; (ix) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (x) the Class 1-A Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, and Group 3 Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xii) the amount of any Advances and Compensating Interest payments; (xiii) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 1 and Loan Group 32; (xv) the book value of any REO Property; (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date; (xvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) any Insured Amount paid for the benefit of the Class 2-A Bonds; (xix) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xixxx) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (v) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (v) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders. The Indenture Trustee will make the monthly statements provided for in this section (and, at its option, any additional files containing the same information in an alternative format) available each month to Bondholders, other parties to this Agreement and any other interested parties via the Indenture Trustee's website. The Trustee's website shall initially be located at www.ctslink.com. Assistance in using the website can be obtained by ca▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ee's customer service desk at (301) 815-6600. Parties that are unable to use the website are entitle▇ ▇▇ ▇▇▇▇ ▇ ▇▇per copy ailed to them via first class mail by calling the customer service desk and indicating such. With the consent of the Depositor, the Indenture Trustee may have the right to change the way the monthly statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Indenture Trustee shall provide timely and adequate notification to all above parties regarding any such changes. The Indenture Trustee shall be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the monthly statement, and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto).

Appears in 1 contract

Sources: Indenture (IMPAC CMB Trust SERIES 2004-6)

STATEMENTS TO BONDHOLDERS. (a) With respect to each Payment Date, the Indenture Trustee shall make available via the Indenture Trustee's ’s website https://www.corporatetrust.db.com/i▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ://▇▇▇.▇▇▇.▇▇.▇▇▇'▇ ▇▇▇▇on /invr or deliver at the recipient’s option to each Bondholder and each Certificateholder, the Derivative Contract CounterpartyCounterparties, the Depositor, the Owner Trustee, the Certificate Paying Agent Agent, the Bond Insurer and each Rating Agency, a statement setting forth the following information as to the Bonds, to the extent applicable: (i) the aggregate amount of collections with respect to the Mortgage Loans; (ii) the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds and Net Monthly Excess Cash Flow, with respect to the Group 1 Loans, Group 2 Loans and Group 3 Mortgage Loans, payable to each Class of Bondholders for such Payment Date, the Basis Risk Shortfall Carry-Forward Amount or Class 2-A Net WAC Cap Shortfall Carry-Forward Amount, as applicable, on each Class of Bonds for such Payment Date and the aggregate Unpaid Interest Shortfall on each Class of Bonds for such Payment Date; (iii) (a) the amount of such distribution to each Class of Class 1-AA-1, Class 2-AA-2, Class 3-AA-3W, Class 3-A-4, Class M-1, Class 3-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3- 1M-3, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-6 and Class M-6-2 B Bonds applied to reduce the Bond Principal Balance thereof, and (b) the aggregate amount included therein representing Principal Prepayments; (iv) the amount of such distribution to Holders of each Class of Bonds allocable to interest; (v) the amount of such distribution to the Certificates; (vi) if the distribution to the Holders of any Class of Bonds is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (vii) the number and the aggregate Stated Principal Balance of the Mortgage Loans as of the end of the related Due Period, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (viii) the aggregate Bond Principal Balance of each Class of Bonds (other than the Class A-IO Bonds), after giving effect to the amounts distributed on such Payment Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal and the aggregate Bond Principal Balance of all of the Class 1-AA-1, Class 2-AA-2, Class 3-AA-3W, Class 3-A-4, Class M-1, Class 3-M-2, Class 3-B, Class M-1-1, Class M-2-1, Class M-3-1, Class M-4-1, Class M-5-1, Class M-6-1, Class M-1-2, Class M-2-2, Class M-3-2, Class M-4-2, Class M-5-2 M-6 and Class M-6-2 B Bonds after giving effect to the distribution of principal on such Payment Date; (ix) the number and aggregate Stated Principal Balances of Mortgage Loans (a) as to which the Monthly Payment is delinquent for 31-60 days, 61-90 days, 91 or more days, respectively, (b) in foreclosure and (c) that have become REO Property, in each case as of the end of the preceding calendar month, determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3; (x) the Class 1-A Net Derivative Contract Payment Amount, Class M Net Derivative Contract Payment Amount, and Group 3 Net Derivative Contract Payment Amount; (xi) the Overcollateralization Increase Amount with respect to each Loan Group, Overcollateralization Release Amount, Overcollateralization Target Amount and Overcollateralized Amount, if any, in each case as the end of the related Payment Date, in each case as determined separately for each Loan Group; (xii) the amount of any Advances and Compensating Interest payments; (xiii) the aggregate Realized Losses with respect to the related Payment Date and cumulative Realized Losses since the Closing Date; (xiv) the number and aggregate Stated Principal Balance of Mortgage Loans repurchased pursuant to the Mortgage Loan Purchase Agreement for the related Payment Date and cumulatively since the Closing Date determined in the aggregate and separately for Loan Group 1, Loan Group 2 and Loan Group 3Date; (xv) the book value of any REO Property; (xvi) the amount of any Prepayment Interest Shortfalls or Relief Act Shortfalls for such Payment Date;; and (xvii) the aggregate Stated Principal Balance of Mortgage Loans purchased pursuant to Section 3.18 of the Servicing Agreement for the related Payment Date and cumulatively since the Closing Date; (xviii) the amount withdrawn from the Group 1 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 1 Pre- Funding Account used to buy certain Group 1 Subsequent Mortgage Loans prior to such Payment Date; and (xix) the amount withdrawn from the Group 2 Pre-Funding Account and used to make payments to Bondholders on that Payment Date, the amount remaining on deposit following such Payment Date, and the amount withdrawn from the Group 2 Pre- Funding Account used to buy certain Group 2 Subsequent Mortgage Loans prior to such Payment Date. Items (iii) and (viv) above shall be presented on the basis of a Bond having a $1,000 denomination. In addition, by January 31 of each calendar year following any year during which the Bonds are outstanding, the Indenture Trustee shall furnish a report to each Bondholder of record if so requested in writing at any time during each calendar year as to the aggregate of amounts reported pursuant to (iii), (iv) and (viv) with respect to the Bonds for such calendar year. The Indenture Trustee may conclusively rely upon the Remittance Report provided by the Master Servicer pursuant to Section 4.01 of the Servicing Agreement and on the amount of the Net Derivative Contract Payment Amount furnished to the Indenture Trustee pursuant to the Derivative Contracts in its preparation of its Statement to Bondholders.

Appears in 1 contract

Sources: Indenture (IMPAC CMB Trust Series 2005-5)