Common use of Monthly Advances by the Seller Clause in Contracts

Monthly Advances by the Seller. On the Business Day immediately preceding each Remittance Date, the Seller shall deposit in the Custodial Account from its own funds an amount equal to all Monthly Payments (with interest adjusted to the Mortgage Loan Remittance Rate) which were due on the Mortgage Loans during the applicable Due Period and which were delinquent at the close of business on the immediately preceding Determination Date or which were deferred pursuant to Section 4.01. Any amounts held for future distribution and so used to make Monthly Advances shall be replaced by the Seller by deposit in the Custodial Account on or before any future Remittance Date if funds in the Custodial Account on such Remittance Date shall be less than payments to the Trust Fund required to be made on such Remittance Date. The Seller's obligation to make such Monthly Advances as to any Mortgage Loan will continue through the last Monthly Payment due prior to the payment in full of the Mortgage Loan, or through the last Remittance Date prior to the Remittance Date for the distribution of all Liquidation Proceeds and other payments or recoveries (including Insurance Proceeds and Condemnation Proceeds) with respect to the Mortgage Loan unless the Seller deems such Monthly Advances to be unrecoverable, as evidenced by an Officer's Certificate of the Seller delivered to the Master Servicer.

Monthly Advances by the Seller. On The Seller shall deposit in the Custodial Account on the Business Day immediately preceding each Remittance Date, the Seller shall deposit in the Custodial Account from its own funds or from amount held for future distribution, or both, an amount equal to all Monthly Payments (with interest adjusted to the Mortgage Loan Remittance Rate) which were due on the Mortgage Loans during the applicable Due Period and which were delinquent at the close of business on the immediately preceding Determination Date or which were deferred pursuant to Section 4.016.01. Any amounts held for future distribution and so used to make Monthly Advances shall be replaced by the Seller by deposit in the Custodial Account on or before any future Remittance Date if funds in the Custodial Account on such Remittance Date shall be less than payments remittances to the Trust Fund Purchaser required to be made on such Remittance Date. The Seller's obligation to make such Monthly Advances as to any Mortgage Loan will continue through the last Monthly Payment due prior to earlier of (i) the payment in full date of the Mortgage Loantermination or resignation, as applicable, of the Seller pursuant to Section 8.02, 10.01,11.01 or through 11.02 or (ii) the last Remittance Date prior to date of final disposition and liquidation of the Remittance Date for the distribution of all Liquidation Proceeds and other payments or recoveries (including Insurance Proceeds and Condemnation Proceeds) with respect to the related Mortgage Loan or any Mortgaged Property acquired through foreclosure or a conveyance in lieu of foreclosure, unless the Seller deems reasonably believes such Monthly Advances advance to be unrecoverable, as evidenced by an Officer's Certificate non-recoverable from proceeds of the Seller delivered to the Master Servicerrelated Mortgage Loan.

Monthly Advances by the Seller. On The Seller shall deposit in the Custodial Account on the Business Day immediately preceding each Remittance Date, the Seller shall deposit in the Custodial Account from its own funds or from amount held for future distribution, or both, an amount equal to all Monthly Payments (with interest adjusted to the Mortgage Loan Remittance Rate) which were due on the Mortgage Loans during the applicable Due Period and which were delinquent at the close of business on the immediately preceding Determination Date or which were deferred pursuant to Section 4.016.01. Any amounts held for future distribution and so used to make Monthly Advances shall be replaced by the Seller by deposit in the Custodial Account on or before any future Remittance Date if funds in the Custodial Account on such Remittance Date shall be less than payments remittances to the Trust Fund Purchaser required to be made on such Remittance Date. The Seller's ’s obligation to make such Monthly Advances as to any Mortgage Loan will continue through the last Monthly Payment due prior to earlier of (i) the payment in full date of the Mortgage Loantermination or resignation, as applicable, of the Seller pursuant to Section 8.02, 10.01,11.01 or through 11.02 or (ii) the last Remittance Date prior to date of final disposition and liquidation of the Remittance Date for the distribution of all Liquidation Proceeds and other payments or recoveries (including Insurance Proceeds and Condemnation Proceeds) with respect to the related Mortgage Loan or any Mortgaged Property acquired through foreclosure or a conveyance in lieu of foreclosure, unless the Seller deems reasonably believes such Monthly Advances advance to be unrecoverable, as evidenced by an Officer's Certificate non-recoverable from proceeds of the Seller delivered to the Master Servicerrelated Mortgage Loan.