Common use of Cumulative Default Supplemental Fee Shortfall Amount Clause in Contracts

Cumulative Default Supplemental Fee Shortfall Amount. For each Payment Date and each Class of Notes, any portion of the Default Supplemental Fee or Cumulative Default Supplemental Fee Shortfall Amount for that Class for a previous Payment Date that has not been paid, plus accrued and unpaid interest at the applicable Note Interest Rate plus the Default Supplemental Fee Rate on such shortfall from the Payment Date on which the shortfall first occurred through the current Payment Date.

Appears in 6 contracts

Samples: Servicing Rights Purchase Agreement (New Residential Investment Corp.), Indenture (New Residential Investment Corp.), Pooling and Servicing Agreement (DITECH HOLDING Corp)

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Cumulative Default Supplemental Fee Shortfall Amount. For On each Payment Date and for each Class of Notes, any portion of the Default Supplemental Fee or Cumulative Default Supplemental Fee Shortfall Amount for that Class for a previous Payment Date that has not been paid, plus accrued and unpaid interest at the applicable Note Interest Rate plus the Default Supplemental Fee Rate on such shortfall from the Payment Date on which the shortfall first occurred through the current Payment Date.

Appears in 2 contracts

Samples: Home Loan Servicing Solutions, Ltd., Home Loan Servicing Solutions, Ltd.

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