Accrued Interest, Etc. The Depositor agrees that any income, interest, fees and other payments that it may receive in respect of the Mortgage Loans applicable to a period on or after the Cut-off Date shall inure to the benefit of the Trust, and the Depositor shall pay such amounts to the Owner Trustee (to be remitted in accordance with Section 4.1) promptly upon receipt.
Appears in 3 contracts
Samples: Deposit Trust Agreement (Criimi Mae CMBS Corp), Deposit Trust Agreement (Imperial Credit Commercial Mortgage Acceptance Corp), Deposit Trust Agreement (Criimi Mae CMBS Corp)
Accrued Interest, Etc. The Depositor agrees that any income, interest, fees and other payments that it may receive in respect of the Mortgage Loans (excluding any Prepayment Premiums on such Mortgage Loans) and the other assets of the Trust Estate applicable to a period on or after the Cut-off Off Date shall inure to the benefit of the Trust, and the Depositor shall pay such amounts to the Owner Trustee (to be remitted in accordance with Section 4.1) promptly upon receipt.
Appears in 1 contract
Samples: Deposit Trust Agreement (Collateralized Mortgage Bonds Series 1999 1)
