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 any Mortgage Loans to be fully indexed and (ii) on the Business Day before the first Payment Date, deposit in the Payment Account 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 5 contracts
Samples: Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2005-C), Sale and Servicing Agreement (CWHEQ, Inc.), Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2005-E)
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 any certain Mortgage Loans to be fully indexed and
(ii) on the Business Day before the first Payment Date, deposit in the Payment Account 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 5 contracts
Samples: Sale and Servicing Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2005-B), Sale and Servicing Agreement (CWABS Revolving Home Equity Loan Trust, Series 2004-T), Sale and Servicing Agreement (CWABS Revolving Home Equity Loan Trust Series, 2004-R)
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 any certain Mortgage Loans to be fully indexed and
(ii) on the Business Day before the first Payment Date, deposit in the Payment Account 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
Samples: Sale and Servicing Agreement (CWABS Revolving Home Equity Loan Trust, Series 2004-S)
