Estimated Funding. From time to time, the Master Servicer or Guarantor may deposit Estimated Funding to a Certificate Account, determined on the basis of expected collections of principal and interest payments on the Mortgage Loans (including Delinquency Advances) and anticipated payments to be made to Holders on the following Distribution Date or a subsequent Distribution Date, as applicable, which amount may be an estimated amount pending reconciliation of receipts and allocation of amounts owed to Holders. Any Estimated Funding amounts in excess of funds required to be distributed to Holders on a Distribution Date will, upon request of the Master Servicer or Guarantor, be reimbursed to the Master Servicer or Guarantor after reconciliation of funds actually collected.
Appears in 4 contracts
Samples: Federal National Mortgage Association, Federal National Mortgage Association, Federal National Mortgage Association
Estimated Funding. From time to time, the Master Servicer or Guarantor may deposit Estimated Funding to a Certificate Account, determined on the basis of expected collections of principal and interest payments on the Mortgage Loans (including Delinquency Advances) and anticipated payments to be made to Holders on the following Distribution Date or a subsequent Distribution Date, as applicable, which amount may be an estimated amount pending reconciliation of receipts and allocation of amounts owed to Holders. Any Estimated Funding amounts in excess of funds required to be distributed to Holders on a Distribution Date will, upon request of the Master Servicer or Guarantor, be reimbursed to the Master Servicer or Guarantor after reconciliation of funds actually collected.collected.β
Appears in 4 contracts
Samples: Multifamily Master Trust Agreement, Multifamily Master Trust Agreement, Trust Agreement
Estimated Funding. From time to time, the Master Servicer or Guarantor may deposit Estimated Funding to a Certificate Account, determined on the basis of expected collections of principal and interest payments on the Mortgage Loans (including Delinquency Advances) and anticipated payments to be made to Holders on the following Distribution Date or a any subsequent Distribution Date, as applicable, which amount may be an estimated amount pending reconciliation of receipts and allocation of amounts owed to Holders. Any Estimated Funding amounts in excess of funds required to be distributed to Holders on a Distribution Date will, upon request of the Master Servicer or Guarantor, be reimbursed to the Master Servicer or Guarantor after reconciliation of funds actually collected.
Appears in 4 contracts
Samples: Master Trust Agreement, Federal National Mortgage Association, Master Trust Agreement