Common use of Compensating Interest; Repurchase of Home Equity Loans Clause in Contracts

Compensating Interest; Repurchase of Home Equity Loans. (a) If a Prepayment of a Home Equity Loan occurs during any calendar month or if the amount received with respect to a date-of-payment or simple interest Home Equity Loan represents less than a full month's interest, any difference between the interest collected from the Mortgagor and the full month's interest at the Coupon Rate less the Servicing Fee ("Compensating Interest") that is due shall be deposited by the Servicer (but not in excess of the aggregate Servicing Fee for the related Remittance Period) to the Principal and Interest Account on the next succeeding Monthly Remittance Date and shall be included in the Monthly Remittance to be made available to the Trustee on such Monthly Remittance Date.

Compensating Interest; Repurchase of Home Equity Loans. (a) If a Prepayment of a Home Equity Loan occurs during any calendar month or if the amount received with respect to a date-of-payment or simple interest Home Equity Loan represents less than a full month's interest, any difference between the interest collected from the Mortgagor and the full month's interest at the Coupon Rate less the Servicing Fee ("Compensating Interest") that is due shall be deposited by the Servicer (but not in excess of the aggregate Servicing Fee for the related Remittance Period) to the Principal and Interest Account on the next succeeding Monthly Remittance Date and shall be included in the Monthly Remittance to be made available to the Trustee on such Monthly Remittance Date. The Servicer shall not be entitled to reimbursement for amounts paid as Compensating Interest.

Compensating Interest; Repurchase of Home Equity Loans. (a) If a Prepayment of a Home Equity Loan occurs during any calendar month or if the amount received with respect to a date-of-payment or simple interest Home Equity Loan represents less than a full month's interest, any difference between the interest collected from the Mortgagor and the full month's interest at the Coupon Rate less the Servicing Fee ("Compensating Interest") that is due shall be deposited by the Servicer (but not in excess of the aggregate Servicing Fee for the related Remittance Period) to the Principal and Interest Account on the next succeeding Monthly Remittance Date and shall be included in the Monthly Remittance to be made available to the Trustee on such Monthly Remittance Date. The Servicer shall not be entitled to reimbursement for amounts paid as Compensating Interest.

Compensating Interest; Repurchase of Home Equity Loans. (a) If a Prepayment the prepayment of a Home Equity Loan occurs during any calendar month or if and the amount interest received with respect to a date-of-payment or simple interest Home Equity Loan in connection therewith represents less than a full month's interest, any difference between the interest collected from the Mortgagor and the full month's interest at the Coupon Rate less the Servicing Fee ("Compensating Interest") that is due shall be deposited by the Servicer (but not in excess of the aggregate Servicing Fee for the related Remittance Period) to the Principal and Interest Account on the next succeeding Monthly Remittance Date and shall be included in the Monthly Remittance to be made available to the Trustee on such Monthly Remittance Date. The Servicer shall not be entitled to reimbursement for amounts paid as Compensating Interest.

Compensating Interest; Repurchase of Home Equity Loans. (a) If a Prepayment of a Home Equity Loan occurs during any calendar month or and if the amount received with respect to a date-of-payment or simple interest Home Equity Loan in connection therewith represents less than a full month's interest, any difference between the interest collected from the Mortgagor and the full month's interest at the Coupon Rate less the Servicing Fee ("Compensating Interest") that is due shall be deposited by the Servicer (but not in excess of the aggregate Servicing Fee for the related Remittance Period) to the Principal and Interest Account on the next succeeding Monthly Remittance Date and shall be included in the Monthly Remittance to be made available to the Trustee on such Monthly Remittance Date. The Servicer shall not be entitled to reimbursement for amounts paid as Compensating Interest.