Obligation of the Master Servicer in Respect of Compensating Interest. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicers under the Servicing Agreements with respect to Compensating Interest on the related Loans for the related Distribution Date, and not so paid by the related Servicers and (ii) the Master Servicing Compensation for such Distribution Date without reimbursement therefor.
Appears in 30 contracts
Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement (Deutsche Mortgage Securities Inc), Pooling and Servicing Agreement (Deutsche Alt-a Securities Inc)
Obligation of the Master Servicer in Respect of Compensating Interest. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicers under the Servicing Agreements with respect to Compensating Interest on the related Loans for the related Distribution Date, and not so paid by the related Servicers and (ii) the Master Servicing Compensation Fee for such Distribution Date without reimbursement therefor.
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities, Inc. Mortgage Loan Trust, Series 2005-3), Pooling and Servicing Agreement (Deutsche Alt-a Securities, Inc. Mortgage Loan Trust, Series 2005-4), Pooling and Servicing Agreement (Deutsche Alt-a Securities, Inc. Mortgage Loan Trust, Series 2005-Ar1)
Obligation of the Master Servicer in Respect of Compensating Interest. The Master Servicer shall deposit in the related Distribution Account not later than each related Distribution Account Deposit Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicers under the Servicing Agreements with respect to Compensating Interest on the related Loans for the related Distribution Date, and not so paid by the related Servicers and (ii) the Master Servicing Compensation for such Distribution Date without reimbursement therefor.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Deutsche Mortgage Sec Inc Mort Loan Tr Ser 2004-1), Pooling and Servicing Agreement (Deutsche Mortgage Sec Inc Mort Loan Tr Ser 2004-1)
Obligation of the Master Servicer in Respect of Compensating Interest. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicers Servicer under the Mortgage Loan Purchase and Servicing Agreements Agreement with respect to Compensating Interest on the related Loans for the related Distribution Date, and not so paid by the related Servicers Servicer and (ii) the Master Servicing Compensation Fee for such Distribution Date without reimbursement therefor.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (PHH Alternative Mortgage Trust, Series 2007-3)
Obligation of the Master Servicer in Respect of Compensating Interest. The Master Servicer shall deposit in the related Distribution Account not later than each related Distribution Account Deposit Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicers related Servicer under the related Servicing Agreements Agreement with respect to Compensating Interest on the related Loans for the related Distribution Date, and not so paid by the related Servicers such Servicer and (ii) the Master Servicing Compensation Fee with respect to the related Loan Group for such Distribution Date Date, without reimbursement therefor.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Loan Trust Series 2004-3)
Obligation of the Master Servicer in Respect of Compensating Interest. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicers Servicer under the Mortgage Loan Purchase and Servicing Agreements Agreement with respect to Compensating Interest on the related Loans for the related Distribution Date, and not so paid by the related Servicers Servicer and (ii) the Master Servicing Compensation for such Distribution Date without reimbursement therefor.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (PHH Alternative Mortgage Trust, Series 2007-2)
Obligation of the Master Servicer in Respect of Compensating Interest. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicers Servicer under the Purchase and Servicing Agreements Agreement with respect to Compensating Interest on the related Loans for the related Distribution Date, and not so paid by the related Servicers Servicer and (ii) the Master Servicing Compensation for such Distribution Date without reimbursement therefor.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (PHH Alternative Mortgage Trust, Series 2007-1)
Obligation of the Master Servicer in Respect of Compensating Interest. The Master Servicer shall deposit in the Distribution Master Servicer Collection Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicers under the Servicing Agreements with respect to Compensating Interest on the related Loans for the related Distribution Date, and not so paid by the related Servicers and (ii) the Master Servicing Compensation for such Distribution Date without reimbursement therefor.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Deutsche Mortgage Securities Inc Mort Loan Trust Ser 2002 1)
Obligation of the Master Servicer in Respect of Compensating Interest. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Interim Servicers and the Servicers under the Servicing Agreements with respect to Compensating Interest on the related Loans for the related Distribution Date, and not so paid by the related Interim Servicers or the related Servicers and (ii) the Master Servicing Compensation Fee for such Distribution Date without reimbursement therefor.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities, Inc. Mortgage Loan Trust, Series 2005-2)
Obligation of the Master Servicer in Respect of Compensating Interest. The Master Servicer shall deposit in the related Distribution Account not later than each related Distribution Account Deposit Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicers related Servicer under the related Servicing Agreements Agreement with respect to Compensating Interest on the related Loans for the related Distribution Date, and not so paid by the related Servicers such Servicer and (ii) the Master Servicing Compensation for such Distribution Date Date, without reimbursement therefor.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Deutsche Mortgage Securities Inc Mortgage Loan Trust 2004-4)
Obligation of the Master Servicer in Respect of Compensating Interest. The Master Servicer shall deposit in the related Distribution Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicers under the Servicing Agreements with respect to Compensating Interest on the related Loans for the related Distribution Date, and not so paid by the related Servicers and (ii) the Master Servicing Compensation for such Distribution Date without reimbursement therefor.
Appears in 1 contract
