Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicer under this Agreement with respect to Prepayment Interest Shortfalls on the Mortgage Loans for the related Distribution Date, and not so paid by the Servicer and (ii) the Master Servicing Compensation for such Distribution Date without reimbursement therefor.
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Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2006-Af1), Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2006-Ar2), Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2005-Ar4)
Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicer under this the Servicing Agreement with respect to Prepayment Interest Shortfalls on the Mortgage Loans for the related Distribution Date, and not so paid by the Servicer and (ii) the Master Servicing Compensation for such Distribution Date without reimbursement therefor.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2006-Wf1), Pooling and Servicing Agreement (NAAC Alternative Loan Trust, Series 2005-Wf1), Pooling and Servicing Agreement (Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-Wf1)
Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. The In the event of a Prepayment Interest Shortfall, the Master Servicer shall deposit in into the Distribution Account not later than each the related Distribution Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the related Servicer under this Agreement with respect to Prepayment Interest Shortfalls attributable to Principal Prepayments on the related Mortgage Loans for the related Distribution Date, and not so paid by the related Servicer and (ii) the Master Servicing Compensation Fee for such Distribution Date Date, without reimbursement therefor.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Home Equity Loan Trust Series 2003-Nc1), Pooling and Servicing Agreement (Ace Securities Corp Terwin Mort Trust Series TMTS 2003 6he), Pooling and Servicing Agreement (Ace Securities Corp Hm Equity Ln Trust Ser 2003-He1)
Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicer under this Agreement with respect to Prepayment Interest Shortfalls on the Mortgage Loans for the related Distribution Date, and not so paid by the Servicer and (ii) the Master Servicing Compensation Fee for such Distribution Date without reimbursement therefor.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2006-Ap1), Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2005-Ap2), Pooling and Servicing Agreement (Nomura Asset Acceptance Corp)
Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicer under this Agreement with respect to Prepayment Interest Shortfalls on the Mortgage Loans for the related Distribution Date, and not so paid by any the Servicer and (ii) the Master Servicing Compensation for such Distribution Date without reimbursement therefor.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-Fm1), Pooling and Servicing Agreement (Nomura Home Equity Loan, Inc.)
Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the related Servicer under this Agreement or the Servicing Agreement, as applicable, with respect to Prepayment Interest Shortfalls on the Mortgage Loans serviced by such Servicer for the related Distribution Date, and not so paid by the such Servicer and (ii) the Master Servicing Compensation Fee for such Distribution Date without reimbursement therefor.
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Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicer under this Agreement with respect to Prepayment Interest Shortfalls on the Mortgage Loans for the related Distribution Date, and not so paid by the Servicer and (ii) the Master Servicing Compensation for such Distribution Date without reimbursement therefor.. ARTICLE V ADVANCES AND DISTRIBUTIONS
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Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the each Servicer under this Agreement with respect to Prepayment Interest Shortfalls on the Mortgage Loans for the related Distribution Date, and not so paid by the any such Servicer and (ii) the Master Servicing Compensation for such Distribution Date without reimbursement therefor.
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Samples: Pooling and Servicing Agreement (Nomura Home Equity Loan Trust, Series 2005-He1)
Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicer Servicers under this Agreement and the Servicing Agreements with respect to Prepayment Interest Shortfalls on the Mortgage Loans for the related Distribution Date, and not so paid by the Servicer Servicers and (ii) the Master Servicing Compensation Fee for such Distribution Date without reimbursement therefor.
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Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the related Servicer under this Agreement or the Servicing Agreement, as applicable with respect to Prepayment Interest Shortfalls on the Mortgage Loans serviced by such Servicer for the related Distribution Date, and not so paid by the such Servicer and (ii) the Master Servicing Compensation for such Distribution Date without reimbursement therefor.
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Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the related Servicer under this Agreement or the Servicing Agreement, as applicable with respect to Prepayment Interest Shortfalls on the Mortgage Loans serviced by such Servicer for the related Distribution Date, and not so paid by the such Servicer and (ii) the Master Servicing Compensation Fee for such Distribution Date without reimbursement therefor.
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Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the related Servicer under this Agreement or the Servicing Agreement, as applicable, with respect to Prepayment Interest Shortfalls on the Mortgage Loans serviced by such Servicer for the related Distribution Date, and not so paid by the such Servicer and (ii) the Master Servicing Compensation Fee (exclusive of the portion of such fee payable to the Credit Risk Manager) for such Distribution Date without reimbursement therefor.
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Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicer under this Agreement with respect to Prepayment Interest Shortfalls on the Mortgage Loans for the related such Distribution Date, and not so paid by the Servicer and (ii) the Master Servicing Compensation Fee for such Distribution Date without reimbursement therefor.
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Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the related Servicer under this Agreement or the Servicing Agreement, as applicable with respect to Prepayment Interest Shortfalls on the Mortgage Loans serviced by such Servicer for the related Distribution Date, and not so paid by the such Servicer and (ii) the Master Servicing Compensation (exclusive of the portion of such compensation payable to the Credit Risk Manager) for such Distribution Date without reimbursement therefor.
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Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. The Master Servicer shall deposit in the Distribution Account not later than each Distribution Date an amount equal to the lesser of (i) the aggregate amounts required to be paid by the Servicer under this Agreement with respect to Prepayment Interest Shortfalls on the Mortgage Loans for the related Distribution Date, and not so paid by the Servicer and (ii) the Master Servicing Compensation Fee (exclusive of the portion of such fee payable to the Credit Risk Manager) for such Distribution Date without reimbursement therefor.
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