Deposits to Payment Account. The Master Servicer shall (i) on the Business Day before each of the first three Payment Dates, deposit in the Payment Account any shortfall in the amount required to pay the Note Interest on those Payment Dates for each Class of Notes resulting solely from the failure of certain Mortgage Loans to be fully indexed and (ii) on the Business Day before the first Payment Date, deposit in the Payment Account (A) an amount for each Loan Group equal to the excess of the aggregate amount payable pursuant to Sections 8.03(a)(i) and (ii) of the Indenture for that Loan Group on the first Payment Date over what the aggregate Investor Interest Collections for that Loan Group would be if the Minimum Monthly Payments on the related Mortgage Loans due during the first Collection Period were made on each Mortgage Loan and (B) for each Loan Group any amounts representing payments on, and any collections in respect of, the Mortgage Loans in each Loan Group received after the Cut-off Date and before the Closing Date (exclusive of payments of accrued interest due by the Cut-off Date).
Appears in 11 contracts
Samples: Sale and Servicing Agreement (CWABS Revolving Home Equity Loan Trust, Series 2004-G), Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2005-A), Sale and Servicing Agreement (CWABS Revolving Home Equity Loan Trust, Series 2004-L)
Deposits to Payment Account. The Master Servicer shall
(i) on the Business Day before each of the first three two Payment Dates, deposit in the Payment Account any shortfall in the amount required to pay the Note Interest on those Payment Dates for each Class of Notes resulting solely from the failure of certain any Mortgage Loans to be fully indexed and
(ii) on the Business Day before the first Payment Date, deposit in the Payment Account
(A) an amount for each Loan Group equal to the excess of the aggregate amount payable pursuant to Sections 8.03(a)(i) and (iiiii) of the Indenture for that Loan Group on the first Payment Date over what the aggregate Investor Interest Collections for that Loan Group would be if the Minimum Monthly Payments on the related Mortgage Loans due during the first Collection Period were made on each Mortgage Loan and
(B) for each Loan Group any amounts representing payments on, and any collections in respect of, the Mortgage Loans in each Loan Group received after the Cut-off Date and before the Closing Date (exclusive of payments of accrued interest due by the Cut-off Date).
Appears in 4 contracts
Samples: Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2005-M), Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2005-I), Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2005-J)
Deposits to Payment Account. The Master Servicer shall
(i1) on the Business Day before each of the first three two Payment Dates, deposit in the Payment Account any shortfall in the amount required to pay the Note Interest on those Payment Dates for each Class of Notes resulting solely from the failure of certain any Mortgage Loans to be fully indexed and
(ii2) on the Business Day before the first Payment Date, deposit in the Payment Account
(A) an amount for each Loan Group equal to the excess of the aggregate amount payable pursuant to Sections 8.03(a)(i) and (ii) of the Indenture for that Loan Group on the first Payment Date over what the aggregate Investor Interest Collections for that Loan Group would be if the Minimum Monthly Payments on the related Mortgage Loans due during the first Collection Period were made on each Mortgage Loan and
(B) for each Loan Group any amounts representing payments on, and any collections in respect of, the Mortgage Loans in each Loan Group received after the Cut-off Date and before the Closing Date (exclusive of payments of accrued interest due by the Cut-off Date).
Appears in 3 contracts
Samples: Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2006-F), Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2006-D), Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2006-E)
Deposits to Payment Account. The Master Servicer shall
(i1) on the Business Day before each of the first three two Payment Dates, deposit in the Payment Account any shortfall in the amount required to pay the Note Interest on those Payment Dates for each Class of Notes resulting solely from the failure of certain any Mortgage Loans to be fully indexed and
(ii2) on the Business Day before the first Payment Date, deposit in the Payment Account
(A) an amount for each Loan Group equal to the excess of the aggregate amount payable pursuant to Sections 8.03(a)(i) and (ii) of the Indenture for that Loan Group on the first Payment Date over what the aggregate Investor Available Interest Collections for that Loan Group would be if the Minimum Monthly Payments on the related Mortgage Loans due during the first Collection Period were made on each Mortgage Loan and
(B) for each Loan Group any amounts representing payments on, and any collections in respect of, the Mortgage Loans in each Loan Group received after the Cut-off Date and before the Closing Date (exclusive of payments of accrued interest due by the Cut-off Date).
Appears in 3 contracts
Samples: Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2006-G), Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2006-H), Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2006-I)
Deposits to Payment Account. The Master Servicer shall
(i) on the Business Day before each of the first three Payment Dates, deposit in the Payment Account any shortfall in the amount required to pay the Note Interest on those Payment Dates for each Class of Notes resulting solely from the failure of certain any Mortgage Loans to be fully indexed and
(ii) on the Business Day before the first Payment Date, deposit in the Payment Account
(A) an amount for each Loan Group equal to the excess of the aggregate amount payable pursuant to Sections 8.03(a)(i) and (ii) of the Indenture for that Loan Group on the first Payment Date over what the aggregate Investor Interest Collections for that Loan Group would be if the Minimum Monthly Payments on the related Mortgage Loans due during the first Collection Period were made on each Mortgage Loan and
(B) for each Loan Group any amounts representing payments on, and any collections in respect of, the Mortgage Loans in each Loan Group received after the Cut-off Date and before the Closing Date (exclusive of payments of accrued interest due by the Cut-off Date).
Appears in 2 contracts
Samples: Sale and Servicing Agreement (CWHEQ, Inc.), Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2005-H)
Deposits to Payment Account. The Master Servicer shall
(i) on the Business Day before each of the first three [three] Payment Dates, deposit in the Payment Account any shortfall in the amount required to pay the Note Interest on those Payment Dates for each Class of Notes resulting solely from the failure of certain Mortgage Loans to be fully indexed and
(ii) on the Business Day before the first Payment Date, deposit in the Payment Account
(A) an amount for each Loan Group equal to the excess of the aggregate amount payable pursuant to Sections 8.03(a)(i) and (ii) of the Indenture for that Loan Group on the first Payment Date over what the aggregate Investor Interest Collections for that Loan Group would be if the Minimum Monthly Payments on the related Mortgage Loans due during the first Collection Period were made on each Mortgage Loan and
(B) for each Loan Group any amounts representing payments on, and any collections in respect of, the Mortgage Loans in each Loan Group received after the Cut-off Date and before the Closing Date (exclusive of payments of accrued interest due by the Cut-off Date).
Appears in 1 contract