Common use of Adjustment of Servicing Fees with Respect to Payoffs Clause in Contracts

Adjustment of Servicing Fees with Respect to Payoffs. The aggregate amount of the Servicing Fee subject to retention from deposit into or withdrawal from the Certificate Account by the Servicer, in any month of distribution shall be decreased by any Compensating Interest due and owing with respect to any Loan with respect to which a Payoff has occurred in the related Prepayment Period. The Servicer shall include the amount of any such Compensating Interest with the deposits into the Certificate Account on the related Withdrawal Date. Notwithstanding the foregoing, the amount by which the Servicing Fee may be reduced with respect to the related Prepayment Period pursuant to this Section 4.6 shall not exceed an amount greater than the amount described in clause (i) of the definition of Compensating Interest for all Loans as to which Payoffs have occurred and the rights of the Certificateholders to such portion of the Servicing Fee shall not be cumulative.

Adjustment of Servicing Fees with Respect to Payoffs. The aggregate amount of the Servicing Fee subject to retention from deposit into or withdrawal from the Certificate Account by the Servicer, in any month of distribution shall be decreased by any Compensating Interest due and owing with respect to any Mortgage Loan with respect to which a Payoff has occurred in the related Prepayment Period. The Servicer shall include the amount of any such Compensating Interest with the deposits into the Certificate Account on the related Withdrawal Date. Notwithstanding the foregoing, the amount by which the Servicing Fee may be reduced with respect to the related Prepayment Period pursuant to this Section 4.6 shall not exceed an amount greater than the amount described in clause (i) of the definition of Compensating Interest for all Mortgage Loans as to which Payoffs have occurred and the rights of the Certificateholders to such portion of the Servicing Fee shall not be cumulative.

Adjustment of Servicing Fees with Respect to Payoffs. The aggregate amount of the Servicing Fee subject to retention from deposit into or withdrawal from the Certificate Account by the related Servicer, in any month of distribution shall be decreased by any Compensating Interest due and owing with respect to any Loan with respect to which a Payoff has occurred in the related Prepayment Period. The related Servicer shall include the amount of any such Compensating Interest with the deposits into the Certificate Account on the related Withdrawal Date. Notwithstanding the foregoing, the amount by which the Servicing Fee may be reduced with respect to the related Prepayment Period pursuant to this Section 4.6 shall not exceed an amount greater than the amount described in clause (i) of the definition of Compensating Interest for all Loans as to which Payoffs have occurred and the rights of the Certificateholders to such portion of the Servicing Fee shall not be cumulative.