Compensating Interest: Repurchase of Mortgage Loans. (a) If, during any Prepayment Period, the aggregate Prepayment Interest Shortfalls exceed the aggregate Prepayment Interest Excesses, the Master Servicer shall deposit into the Collection Account on the related Monthly Remittance Date an amount equal to such difference but not in excess of one-half of the Servicing Fee for the related Due Period on the Mortgage Loans giving rise to such Prepayment Interest Shortfalls ("Compensating Interest"). Such amount shall be included in the Monthly Remittance to be made available to the Trustee on such Monthly Remittance Date.
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Samples: Pooling and Servicing Agreement (Block Mortgage Finance Asset Backed Certificates Ser 1999 1), Pooling and Servicing Agreement (Block Mortgage Finance Inc Asset Backed Cert Series 1999 2)
Compensating Interest: Repurchase of Mortgage Loans. (a) If, during any Prepayment Period, the aggregate Prepayment Interest Shortfalls exceed the aggregate Prepayment Interest Excesses, the Master Servicer shall deposit into the Collection Account on the related Monthly Remittance Date an amount equal to such difference but not in excess of one-half of the Servicing Fee for the related Due Period on the Mortgage Loans giving rise to such Prepayment Interest Shortfalls ("Compensating Interest"). Such amount shall be included in the Monthly Remittance to be made available to the Trustee on such Monthly Remittance Date.. 89
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Block Mortgage Finance Asset Backed Certificates Ser 1998-1)
Compensating Interest: Repurchase of Mortgage Loans. (a) If, during any Prepayment Period, the aggregate Prepayment Interest Shortfalls exceed the aggregate Prepayment Interest Excesses, the Master Servicer shall deposit into the Collection Account on the related Monthly Remittance Date an amount equal to such difference but not in excess of one-half of the Servicing Fee for the related Due Period on the Mortgage Loans giving 91 rise to such Prepayment Interest Shortfalls ("Compensating Interest"). Such amount shall be included in the Monthly Remittance to be made available to the Trustee on such Monthly Remittance Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Block Mortgage Finance Inc Asset Backed Cert Series 1998 2)
Compensating Interest: Repurchase of Mortgage Loans. (a) If, If during any Prepayment Period, the aggregate Prepayment Interest Shortfalls exceed the aggregate Prepayment Interest Excesses, the Master Servicer shall deposit into to the Collection Account on the related Monthly Remittance Date an amount equal to such difference but not in excess of one-half of the Servicing Fee for the related Due Period on the Mortgage Loans giving rise to such Prepayment Interest Shortfalls ("Compensating Interest"). Such amount shall be included in the Monthly Remittance to be made available to the Trustee on such Monthly Remittance Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Block Mortgage Finance Asset Backed Certificates Ser 1997-2)