Monthly Advances and Compensating Interest. (a) Notwithstanding anything to the contrary herein, the Special Servicer shall make Monthly Advances (other than Balloon Payments as defined in the Trust Agreement) on each Remittance Date through the Remittance Date immediately preceding the distribution of all Liquidation Proceeds and other payments or recoveries (including Insurance Proceeds and condemnation proceeds) with respect to the related Mortgage Loans, unless such advances would constitute Nonrecoverable Advances.
Appears in 3 contracts
Samples: Special Servicing Agreement (Structured Asset Securities Corp), Special Servicing Agreement (Structured Asset Securities Corp), Special Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 1999-Bc1)
Monthly Advances and Compensating Interest. (a) Notwithstanding anything to the contrary herein, the Special Servicer shall make Monthly Advances (other than Balloon Payments as defined in the Trust Agreement) on each Remittance Date through the Remittance Date immediately preceding the distribution of all Liquidation Proceeds and other payments or recoveries (including Insurance Proceeds and condemnation proceeds) with respect to the related Mortgage Loans, unless such advances would constitute Nonrecoverable Advances.
Appears in 1 contract
Samples: Special Servicing Agreement (Structured Asset Securities Corp/Ny)
Monthly Advances and Compensating Interest. (ai) Notwithstanding anything to the contrary herein, the Special Servicer shall make Monthly Advances (other than Balloon Payments as defined in the Trust Agreementunless such Monthly Advances constitute Nonrecoverable Advances) on each Remittance Date through the Remittance Date immediately preceding the distribution of all Liquidation Proceeds and other payments or recoveries (including Insurance Proceeds and condemnation proceeds) with respect to the related Mortgage Loans, unless such advances would constitute Nonrecoverable Advances.
Appears in 1 contract
Samples: Reconstituted Special Servicing Agreement (American Residential Eagle Inc)
Monthly Advances and Compensating Interest. (ad) Notwithstanding anything to the contrary herein, the Special Servicer shall make Monthly Advances (other than Balloon Payments as defined in the Trust Agreement) on each Remittance Date through the Remittance Date immediately preceding the distribution of all Liquidation Proceeds and other payments or recoveries (including Insurance Proceeds and condemnation proceeds) with respect to the related Mortgage Loans, unless such advances would constitute Nonrecoverable Advances.
Appears in 1 contract
Samples: Special Servicing Agreement (Structured Asset Securities Corp)