Common use of Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls Clause in Contracts

Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. In the event a Prepayment Interest Shortfall occurs, the Master Servicer shall deposit in the Certificate Account not later than the related Distribution Date an amount equal to the aggregate Prepayment Interest Shortfalls attributable to Principal Prepayments on the related Mortgage Loans for the related Distribution Date, to the extent such Prepayment Interest Shortfalls were required to be, but were not so paid by the Servicer.

Appears in 9 contracts

Samples: Pooling and Servicing Agreement (Mortgage Loan Asset-Backed Certificates, Series 2005-3), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors, Inc. Series 2004-FFC)

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Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. In the event a Prepayment Interest Shortfall occurs, the Master Servicer shall deposit in the Certificate Account not later than the related Distribution Date an amount equal to the aggregate Prepayment Interest Shortfalls attributable to Principal Prepayments on the related Mortgage Loans for the related Distribution Date, to the extent such Prepayment Interest Shortfalls were required to be, but were not so paid by by, the applicable Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2005-Sl2)

Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. In the event a Prepayment Interest Shortfall occurs, the Master Servicer shall deposit in the Certificate Account not later than the related Distribution Date an amount equal to the aggregate Prepayment Interest Shortfalls attributable to Principal Prepayments on the related Mortgage Loans for the related Distribution Date, to the extent such Prepayment Interest Shortfalls were required to be, but were not so paid by the Servicer.. 147

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)

Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. In the event a Prepayment Interest Shortfall occurs, the Master Servicer shall deposit in the Certificate Account not later than the related Distribution Date an amount equal to the aggregate Prepayment Interest Shortfalls attributable to Principal Prepayments on the related Mortgage Loans for -146- the related Distribution Date, to the extent such Prepayment Interest Shortfalls were required to be, but were not so paid by the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)

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Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls. In the event a Prepayment Interest Shortfall occurs, the Master Servicer shall deposit in the Certificate Account not later than the related Distribution Date an amount equal to the aggregate Prepayment Interest Shortfalls attributable to Principal Prepayments on the related Mortgage Loans for the related Distribution Date, to the extent such Prepayment Interest Shortfalls were required to be, but were not so paid by by, the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2005-Sl1)

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