Common use of Curtailment Shortfall Clause in Contracts

Curtailment Shortfall. For any Distribution Date and for any Curtailment received in the Prior Period, an amount equal to one month’s interest on such Curtailment at the Pass-Through Rate for the applicable Mortgage Loan.

Appears in 10 contracts

Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement, Pooling and Servicing Agreement

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Curtailment Shortfall. For any Distribution Date and for any Curtailment received applied with a Monthly Payment in the Prior PeriodPeriod other than a Prepaid Monthly Payment, an amount equal to one month’s interest on such Curtailment at the applicable Pass-Through Rate for the applicable on such Mortgage Loan.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (BellaVista Finance CORP), Pooling and Servicing Agreement (Wamu Mortage Pass Thru Cert Series 2003-Ar3)

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