Common use of Monthly Advances, Compensating Interest and Servicing Fees after Reconstitution Clause in Contracts

Monthly Advances, Compensating Interest and Servicing Fees after Reconstitution. Notwithstanding anything contained herein to the contrary, in connection with (a) a Pass-Through Transfer, the Servicer shall make Monthly Advances 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 or such earlier time period as set forth in the related Reconstitution Agreement, (b) an Agency Transfer, the Servicer shall make Monthly Advances as required by FNMA, FHLMC or GNMA, as applicable, and (c) a Whole Loan Transfer, the Servicer shall make Monthly Advances through the Remittance Date immediately preceding the date that such Mortgage Loan becomes REO Property. Notwithstanding anything contained herein to the contrary, in connection with a Reconstitution Agreement, the Servicing Fee as set forth on the applicable Acknowledgment Agreement and/or Confirmation Agreement of each reconstituted Mortgage Loan shall be changed upon reconstitution to the Reconstituted Servicing Fee. Notwithstanding anything contained herein to the contrary, following a Reconstitution Agreement, with respect to each Principal Prepayment of reconstituted Mortgage Loans, the Servicer shall deposit in the Custodial Account on a daily basis, and retain therein the Prepayment Interest Shortfall Amount, if any, for the month of distribution. Such deposit shall be made from the Servicer's own funds, without reimbursement therefor;

Monthly Advances, Compensating Interest and Servicing Fees after Reconstitution. Notwithstanding anything contained herein to the contrary, in connection with (a) a Pass-Through Transfer, the Servicer shall make Monthly Advances 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 or such earlier time period as set forth in the related Reconstitution Agreement, (b) an Agency Transfer, the Servicer shall make Monthly Advances as required by FNMA, FHLMC or GNMA, as applicable, and (c) a Whole Loan Transfer, the Servicer shall make Monthly Advances through the Remittance Date immediately preceding the date that such Mortgage Loan becomes REO Property, or through such other period of time as may be set forth in the Servicing Agreement governing such Whole Loan Transfer. Notwithstanding anything contained herein to the contrary, in connection with a Reconstitution Agreement, the Servicing Fee as set forth on the applicable Acknowledgment Agreement and/or Confirmation Agreement of each reconstituted Mortgage Loan shall be changed upon reconstitution to the Reconstituted Servicing Fee. Notwithstanding anything contained herein to the contrary, following a Reconstitution Agreement, with respect to each Principal Prepayment of reconstituted Mortgage Loans, the Servicer shall deposit in the Custodial Account on a daily basis, and retain therein the Prepayment Interest Shortfall Amount, if any, for the month of distribution. Such deposit shall be made from the Servicer's ’s own funds, without reimbursement therefor;