Common use of Deposits to Payment Account Clause in Contracts

Deposits to Payment Account. The Master Servicer shall (1) on the Business Day before each of the first two Payment Dates, deposit in the Payment Account any shortfall in the amount required to pay the Note Interest on those Payment Dates for the Notes resulting solely from the failure of any Mortgage Loans to be fully indexed and (2) on the Business Day before the first Payment Date, deposit in the Payment Account (A) an amount equal to the excess of the aggregate amount payable pursuant to Sections 8.03(a)(i), (ii) and (iii) of the Indenture on the first Payment Date over the amount of Available Interest Collections that would exist for that Payment Date if the Minimum Monthly Payments due during the first Collection Period were made on each Mortgage Loan and (B) any amounts representing payments on, and any collections in respect of, the Mortgage Loans received after the Cut-off Date and before the Closing Date (exclusive of payments of accrued interest due by the Cut-off Date).

Deposits to Payment Account. The Master Servicer shall (1) on the Business Day before each of the first two Payment Dates, deposit in the Payment Account any shortfall in the amount required to pay the Note Interest on those Payment Dates for the each Class of Notes resulting solely from the failure of any Mortgage Loans to be fully indexed and (2) on the Business Day before the first Payment Date, deposit in the Payment Account (A) an amount for equal to the excess of the aggregate amount payable pursuant to Sections Section 8.03(a)(i), (ii) and (iiiii) of the Indenture on the first Payment Date over what the amount of Available aggregate Investor Interest Collections that would exist for that Payment Date be if the Minimum Monthly Payments on the Mortgage Loans due during the first Collection Period were made on each Mortgage Loan and (B) any amounts representing payments on, and any collections in respect of, the Mortgage Loans received after the Cut-off Date and before the Closing Date (exclusive of payments of accrued interest due by the Cut-off Date).

Deposits to Payment Account. The Master Servicer shall (1) on the Business Day before each of the first two Payment Dates, deposit in the Payment Account any shortfall in the amount required to pay the Note Interest on those Payment Dates for the each Class of Notes resulting solely from the failure of any Mortgage Loans to be fully indexed and (2) on the Business Day before the first Payment Date, deposit in the Payment Account (A) an amount equal to the excess of the aggregate amount payable pursuant to Sections 8.03(a)(i), (ii) and (iii) of the Indenture on the first Payment Date over the amount of Available Interest Collections that would exist for that Payment Date if the Minimum Monthly Payments due during the first Collection Period were made on each Mortgage Loan and (B) any amounts representing payments on, and any collections in respect of, the Mortgage Loans received after the Cut-off Date and before the Closing Date (exclusive of payments of accrued interest due by the Cut-off Date).

Deposits to Payment Account. The Master Servicer shall (1) on the Business Day before each of the first two Payment Dates, deposit in the Payment Account any shortfall in the amount required to pay the Note Interest on those Payment Dates for the Notes resulting solely from the failure of any Mortgage Loans to be fully indexed andindexed, (2) on the Business Day before the first Payment Date, deposit in the Payment Account (A) an amount equal to the excess of the aggregate amount payable pursuant to Sections 8.03(a)(i), (ii) and (iii) of the Indenture on the first Payment Date over the amount of Available Interest Collections that would exist for that Payment Date if the Minimum Monthly Payments due during the first Collection Period were made on each Mortgage Loan and (B) any amounts representing payments on, and any collections in respect of, the Mortgage Loans received after the Cut-off Date and before the Closing Date (exclusive of payments of accrued interest due by the Cut-off Date).

Deposits to Payment Account. The Master Servicer shall (1i) on the Business Day before each of the first two Payment Dates, deposit in the Payment Account any shortfall in the amount required to pay the Note Interest on those Payment Dates for the each Class of Notes resulting solely from the failure of any Mortgage Loans to be fully indexed and (2ii) on the Business Day before the first Payment Date, deposit in the Payment Account (A) an amount equal to the excess of the aggregate amount payable pursuant to Sections 8.03(a)(i), (ii) and (iii) of the Indenture on the first Payment Date over what the amount of Available aggregate Investor Interest Collections that would exist for that Payment Date be if the Minimum Monthly Payments due during the first Collection Period were made on each Mortgage Loan and (B) any amounts representing payments on, and any collections in respect of, the Mortgage Loans received after the Cut-off Date and before the Closing Date (exclusive of payments of accrued interest due by the Cut-off Date).