Common use of ADVANCE INTEREST Clause in Contracts

ADVANCE INTEREST. The Master Servicer, the Special Servicer, the Trustee and the Fiscal Agent shall each be entitled to receive interest at the Advance Rate in effect from time to time, accrued on the amount of each Advance made thereby (out of its own funds) for so long as such Advance is outstanding, payable: first, out of Penalty Charges received on the Mortgage Loan (including, without limitation, an REO Mortgage Loan as to which such P&I Advance was made) or, if such amounts are insufficient, out of general collections on the Mortgage Loans and REO Properties in the Collection Account.

ADVANCE INTEREST. The Master Servicer, the Special Servicer, Servicer and the Trustee and the Fiscal Agent shall each be entitled to receive interest at the Advance Rate in effect from time to time, accrued on the amount of each Advance made thereby (out of its own funds) for so long as such Advance is outstanding, payable: first, out of Penalty Charges Default Interest received on the Mortgage Loan (including, without limitation, an REO Mortgage Loan as to which such P&I Advance was made) oror second, if such amounts are insufficient, out of general collections on the Mortgage Loans and REO Properties in the Collection Account.

ADVANCE INTEREST. The Master Servicer, the Special Servicer, the Trustee and the Fiscal Agent shall each be entitled to receive interest at the Advance Rate in effect from time to time, accrued on the amount of each Advance made thereby (out of its own funds) for so long as such Advance is outstanding, payable: first, out of Penalty Charges Default Interest received on the Mortgage Loan (including, without limitation, an REO Mortgage Loan as to which such P&I Advance was made) oror second, if such amounts are insufficient, out of general collections on the Mortgage Loans and REO Properties in the Collection Account.