Common use of Monthly Advances by the Servicer Clause in Contracts

Monthly Advances by the Servicer. (a) By the close of business on each Determination Date the Servicer shall deposit in the Certificate Account, out of its own funds, the related Monthly Advance; provided, however, that any such deposit out of the Servicer's own funds shall be made only to the extent necessary to cause the Available Distribution Amount to be large enough to permit the distribution on the related Remittance Date of the amounts computed as set forth in clauses A(i) through (x) or B(i) through (x), inclusive, as applicable, of Section 6.01(a).

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Vanderbilt Mort & Fin Inc Senior Sub Pas THR Cert Ser 2002 A), Pooling and Servicing Agreement (Senior Subordinate Pass Through Certificates Series 2001-C), Pooling and Servicing Agreement (Vanderbilt Mortgage & Finance Inc)

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Monthly Advances by the Servicer. (a) By the close of business on each Determination Date the Servicer shall deposit in the Certificate Account, out of its own funds, the related Monthly Advance; provided, however, that any such deposit out of the -------- ------- Servicer's own funds shall be made only to the extent necessary to cause the Available Distribution Amount to be large enough to permit the distribution on the related Remittance Date of the amounts computed as set forth in clauses A(i) through (x) or B(i) through (x), inclusive, as applicable, of Section 6.01(a).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Vanderbilt Mort & Fin Inc Sen Sub Pass THR Cert Ser 2000-D)

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Monthly Advances by the Servicer. (a) By the close of business on each Determination Date the Servicer shall deposit in the Certificate Account, out of its own funds, the related Monthly Advance; provided, however, that any such deposit out of the Servicer's own funds shall be made only to the extent necessary to cause the Available Distribution Amount to be large enough to permit the distribution on the related Remittance Date of the amounts computed as set forth in clauses A(i) through (xxi) or B(i) through (xxi), inclusive, as applicable, of Section 6.01(a).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Senior Subordinate Pass Through Cert Series 2003-A)

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