Common use of Compensating Interest; Purchase of Mortgage Loans Clause in Contracts

Compensating Interest; Purchase of Mortgage Loans. (a) On or prior to each Monthly Remittance Date and with respect to Mortgage Loans serviced by it, each Servicer shall deposit into the related Principal and Interest Account with respect to any full Prepayment made by the Mortgagor during the preceding Remittance Period, an amount equal to the excess, if any, of (x) 30 days' interest at the Mortgage Loan's Coupon Rate (less the Servicing Fee) on the Loan Balance of such Mortgage Loan as of the first day of the related Remittance Period over (y) to the extent not previously advanced, the interest paid by the Mortgagor with respect to the Mortgage Loan for the related Remittance Period (any such amount, "Compensating Interest"), which amount shall be included in the Monthly Remittance Amount to be made available to the Trustee on each Monthly Remittance Date. In respect of any Payment Date, each Servicer's obligation to deposit Compensating Interest into the Principal and Interest Account shall not exceed the amount of the Servicing Fee payable to such Servicer on such Payment Date in respect of all Mortgage Loans serviced by such Servicer.

Compensating Interest; Purchase of Mortgage Loans. (a) On or prior to each Monthly Remittance Date and with respect to Mortgage Loans serviced by it, each Servicer shall deposit into the related Principal and Interest Account with respect to any full Prepayment made by the Mortgagor during the preceding Remittance Period, an amount equal to the excess, if any, of (x) 30 days' interest at the Mortgage Loan's Coupon Rate (less the Servicing Fee) on the Loan Balance of such Mortgage Loan as of the first day of the related Remittance Period over (y) to the extent not previously advanced, the interest paid by the Mortgagor with respect to the Mortgage Loan for the related Remittance Period (any such amount, "Compensating Interest"), which amount shall be included in the Monthly Remittance Amount to be made available to the Trustee on each Monthly Remittance Date. In respect ; provided that the sum of any Payment Date, each Servicer's obligation to deposit Compensating Interest into the Principal and Interest Account all such deposits shall not exceed the amount of amounts set forth in the related Servicing Fee payable to such Servicer on such Payment Date in respect of all Mortgage Loans serviced by such ServicerLetter.

Compensating Interest; Purchase of Mortgage Loans. (a) On or prior to each Monthly Remittance Determination Date and with respect to Mortgage Loans serviced by it, each Servicer shall deposit into the related Principal and Interest Account with respect to any full Prepayment made by the Mortgagor during after the end of the Prepayment Period in the preceding Remittance Periodcalendar month until the last day of such calendar month received on a Mortgage Loan, an amount equal to the excess, if any, of (x) 30 days' interest at the Mortgage Loan's Coupon Rate (less the Servicing Fee) on the Loan Balance of such Mortgage Loan as of the first day of the related Remittance Prepayment Period over (y) to the extent not previously advanced, the interest paid by the Mortgagor with respect to the Mortgage Loan for the related Remittance Period (any such amount, "Compensating Interest"), which amount shall be included in the Monthly Remittance Amount to be made available to the Trustee on each Monthly Remittance Date. In respect ; provided that the sum of any Payment Date, each Servicer's obligation to deposit Compensating Interest into the Principal and Interest Account all such deposits shall not exceed the amount of amounts set forth in the related Servicing Fee payable to such Servicer on such Payment Date in respect of all Mortgage Loans serviced by such ServicerLetter.

Compensating Interest; Purchase of Mortgage Loans. (a) On or prior to each Monthly Remittance Date and with respect to Mortgage Loans serviced by it, each Servicer shall deposit into the related Principal and Interest Account with respect to any full Prepayment made by the Mortgagor during 106 the preceding Remittance Period, an amount equal to the excess, if any, of (x) 30 days' interest at the Mortgage Loan's Coupon Rate (less the Servicing Fee) on the Loan Balance of such Mortgage Loan as of the first day of the related Remittance Period over (y) to the extent not previously advanced, the interest paid by the Mortgagor with respect to the Mortgage Loan for the related Remittance Period (any such amount, "Compensating Interest"), which amount shall be included in the Monthly Remittance Amount to be made available to the Trustee on each Monthly Remittance Date. In respect of any Payment Date, each Servicer's obligation to deposit Compensating Interest into the Principal and Interest Account shall not exceed the amount of the Servicing Fee payable to such Servicer on such Payment Date in respect of all Mortgage Loans serviced by such Servicer.