Interest Deficiency Amount. The Trustee must promptly determine the total amount of funds in the Certificate Account on the Determination Date (or the most recent date practicable), and promptly notify the Servicer, by telephone, of such amount. If the Servicer determines that the total amount of funds in the Certificate Account so reported by the Trustee (after giving effect to the withdrawal of the Available Funds for the related Remittance Date) will be sufficient to pay in full the Class M-1 Interest Deficiency Amount, if any, and the Class B-1 Interest Deficiency Amount, the Servicer shall so indicate on the Monthly Report. If the Servicer determines that the total amount of funds in the Certificate Account so reported by the Trustee (after giving effect to the withdrawal of the Available Funds for the related Remittance Date) will not be sufficient to pay in full of the Class M-1 Interest Deficiency Amount, if any, and Class B-1 Interest Deficiency Amount, the Servicer shall promptly notify the Trustee, by telephone, of the remaining deficiency. On the day two Business Days prior to the related Remittance Date, the Trustee shall determine the total amount of funds in the Certificate Account available to pay such remaining deficiency in accordance with Section 8.03(b) and shall promptly notify the Servicer of such amount. If the total amount of funds in the Certificate Account is not sufficient to pay the remaining deficiency, the Trustee shall promptly notify the Servicer, and shall reflect such deficiency in the reports delivered to Certificateholders pursuant to Section 6.05.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Green Tree Financial Corp), Pooling and Servicing Agreement (Green Tree Financial Corp), Pooling and Servicing Agreement (Green Tree Financial Corp)
