Compensating Interest Payments. The Master Servicer shall deposit in the Collection Account not later than the third Business Day preceding the Payment Date an amount equal to the Compensating Interest for the related Determination Date. The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest payment.
Appears in 45 contracts
Samples: Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2003 11), Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2004-7), Servicing Agreement (Impac CMP Trust Series 2004-5)
Compensating Interest Payments. The Master Servicer shall deposit in the Collection Account not later than the third Business Day preceding the Payment Date an amount equal to the Compensating Interest for related to the related Determination Date. The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest payment.
Appears in 8 contracts
Samples: Servicing Agreement (Imh Assets Corp Collateralized Asset-Backed BDS Ser 1999-2), Servicing Agreement (Southern Pacific Secured Assets Corp), Servicing Agreement (Impac CMB Trust Series 1998-2)
Compensating Interest Payments. The Master Servicer shall deposit in the Collection Account not later than the third Business Day preceding the Payment Date an amount equal to the Compensating Interest for the related Determination Date. The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest hiterest payment.
Appears in 2 contracts
Samples: Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2002 9f), Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2002 9f)
Compensating Interest Payments. The Master Servicer shall ---------------------------------- deposit in the Collection Account not later than the third Business Day preceding the Payment Date an amount equal to the Compensating Interest for the related Determination Date. The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest payment.
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