Common use of Compensating Interest; Allocation of Certain Interest Shortfalls Clause in Contracts

Compensating Interest; Allocation of Certain Interest Shortfalls. (a) (I) With respect to a Principal Prepayment of a CMMC Serviced Mortgage Loan, the related Servicer shall, on the Servicer Remittance Date relating to the Principal Prepayment Period during which such Principal Prepayment occurred, deposit into its Collection Account from its own funds, as a reduction of its servicing compensation hereunder, an amount, if any, by which the amount of the interest that would otherwise accrue with respect to such Mortgage Loan from the date of prepayment to the Due Date in the related Due Period at the Net Mortgage Rate exceeds the amount of the interest (adjusted to the Net Mortgage Rate) collected from the Mortgagor with respect to such period (such amount, "Compensating Interest"); provided, however, that with respect to any Distribution Date, such Servicer's obligation to deposit any such amount is limited to an amount equal to the product of (i) one-twelfth of 0.125% and (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans serviced by it with respect to such Distribution Date.

Compensating Interest; Allocation of Certain Interest Shortfalls. (a) (I) With respect to a Principal Prepayment of a CMMC Serviced Mortgage Loan, the related Servicer shall, on the Servicer Remittance Date relating to the Principal Prepayment Period during which such Principal Prepayment occurred, deposit into its Collection the Certificate Account from its own funds, as a reduction of its servicing compensation hereunder, an amount, if any, by which the amount of the interest that would otherwise accrue with respect to such Mortgage Loan from the date of prepayment to the Due Date in the related Due Period at the Net Mortgage Pass-Through Rate exceeds the amount of the interest (adjusted to the Net Mortgage Pass-Through Rate) collected from the Mortgagor with respect to such period (such amount, "Compensating Interest"); provided, however, that with respect to any Distribution Date, such Servicer's obligation to deposit any such amount is limited to an amount equal to the product of (i) one-twelfth of 0.125% and (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans serviced by it with respect to such Distribution Date.

Compensating Interest; Allocation of Certain Interest Shortfalls. (a) (I) With respect to a Principal Prepayment any Payoff of a CMMC Serviced Mortgage LoanLoan which occurs between the fifteenth day of such month and the last day of a month, the related Servicer shall, on the Servicer Remittance Date relating to the Principal Prepayment Period during which such Principal Prepayment Payoff occurred, deposit into its Collection the Certificate Account from its own funds, as a reduction of its servicing compensation hereunder, an amount, if any, by which the amount of the interest that would otherwise accrue with respect to such Mortgage Loan from the date of prepayment to the Due Date in the related Due Period at the Net Mortgage Rate exceeds the amount of the interest (adjusted to the Net Mortgage Rate) collected from the Mortgagor with respect to such period (such amount, "Compensating Interest")) ; provided, however, that with respect to any Distribution Date, such the Servicer's obligation to deposit any such amount is limited to an amount equal to the sum of (A) the product of (i) one-twelfth of 0.1250.02% and (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans serviced by it with respect to such Distribution Date, (B) the aggregate Payoff Earnings with respect to the Mortgage Loans and (C) the aggregate Payoff Interest with respect to the Mortgage Loans.

Compensating Interest; Allocation of Certain Interest Shortfalls. (a) (I) With respect to a Principal Prepayment of a CMMC Serviced Mortgage Loan, the related Servicer shall, on the Servicer Remittance Date relating to the Principal Prepayment Period during which such Principal Prepayment occurred, deposit into its Collection the Certificate Account from its own funds, as a reduction of its servicing compensation hereunder, an amount, if any, by which the amount of the interest that would otherwise accrue with respect to such Mortgage Loan from the date of prepayment to the Due Date in the related Due Period at the Net Mortgage Rate exceeds the amount of the interest (adjusted to the Net Mortgage Rate) collected from the Mortgagor with respect to such period (such amount, "Compensating Interest"); provided, however, that with respect to any Distribution Date, such Servicer's obligation to deposit any such amount is limited to an amount equal to the product of (i) one-twelfth of 0.125% and (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans serviced by it with respect to such Distribution Date.