Contract analysis
Clause-by-clause risk read on any document of the firm. Pick a contract, or open any document from a matter.
Contract analysis / rating-agency-presentation-slides.pptx
rating-agency-presentation-slides.pptx
High · 0
Medium · 0
Standard · 2
1. Trustee fees, servicing fees, and administrative expenses (capped)
Standard
⚑ Commercial term
1. Trustee fees, servicing fees, and administrative expenses (capped)
4. Class A principal (per targeted amortization)
4. Class A principal (per targeted amortization)
5. Class B principal (subject to subordination and step-down)
5. Class B principal (subject to subordination and step-down)
6. Reserve account replenishment to required balance
6. Reserve account replenishment to required balance
7. Overcollateralization build to target
7. Overcollateralization build to target
8. Excess spread released to residual holder (subject to triggers)
Standard
⚑ Commercial term
8. Excess spread released to residual holder (subject to triggers) [slide 12] Payment Application at the Loan Level Payments applied per §4.03 of the Master Servicing Agreement (October 1, 2022): interest → fees → principal Consistent methodology across all loans in the pool Servicing reports produced monthly by Clearview Loan Servicing, Inc. Historical static-pool performance derived from Clearview servicing tapes S