Common use of Periodic Advances Clause in Contracts

Periodic Advances. If, on any Master Servicer Remittance Date, the Master Servicer determines that any Monthly Payments due on the Due Date immediately preceding such Master Servicer Remittance Date have not been received as of the close of business on the Business Day preceding such Master Servicer Remittance Date, the Master Servicer shall determine the amount of any Periodic Advance required to be made with respect to the related Distribution Date. The Master Servicer shall, on the Master Servicer Remittance Date, deliver in a computer-readable form (including electronic transmission) to the Trustee indicating the payment status of each Mortgage Loan as of the Business Day prior to such Master Servicer Remittance Date. The Master Servicer shall include in the amount to be deposited in the related Certificate Account on such Master Servicer Remittance Date an amount equal to the Periodic Advance, if any, which deposit may be made in whole or in part from funds in the Collection Account being held for future distribution or withdrawal on or in connection with Distribution Dates in subsequent months. Any funds being held for future distribution to Certificateholders and so used shall be replaced by the Master Servicer from its own funds by deposit in the related Certificate Account on or before the Business Day preceding any such future Master Servicer Remittance Date to the extent that funds in the related Certificate Account on such Master Servicer Remittance Date shall be less than payments to Certificateholders required to be made on such date. The Master Servicer shall designate on its records the specific Mortgage Loans and related installments (or portions thereof) as to which such Periodic Advance shall be deemed to have been made, such determination being conclusive for purposes of withdrawals from the Collection Account pursuant to Section 5.04.

Periodic Advances. If, on any Master Servicer Remittance Payment Date, the Master Servicer determines that any Monthly Payments due on during the related Due Date immediately preceding such Master Servicer Remittance Date Period have not been received as of the close end of business on the Business Day preceding such Master Servicer Remittance Daterelated Due Period, the Master Servicer shall determine the amount of any Periodic Advance required to be made with respect to the related Distribution Payment Date. The Master Servicer shallshall deliver, on one (1) Business Day after such Servicer Payment Date, a magnetic tape, diskette (or such other electronic medium used by the Master Servicer Remittance Date, deliver in a computer-readable form (including electronic transmissionfor such purpose) to the Trustee Backup Servicer indicating the payment status of each Mortgage Loan as of the date which is two Business Day Days prior to such Master Servicer Remittance Payment Date. The Master Servicer shall include in the amount to be deposited in the related Certificate Payment Account on such Master Servicer Remittance Payment Date an amount equal to the Periodic Advance, if any, which deposit may be made in whole or in part from funds in the Collection Account being held for future distribution payment or withdrawal on or in connection with Distribution Payment Dates in subsequent months, other than any such amounts which are voluntary Principal Prepayments in full. Any funds being held for future distribution payment to Certificateholders Noteholders and so used shall be replaced by the Master Servicer from its own funds by deposit in the related Certificate Collection Account on or before the Business Day preceding any such future Master Servicer Remittance Payment Date to the extent that funds in the related Certificate Collection Account on such Master Servicer Remittance Payment Date shall be less than payments to Certificateholders required to be made on the Servicer Remittance Amount for such datePayment Date. The Master Servicer shall designate on its records the specific Mortgage Loans and related installments (or portions thereof) as to which such Periodic Advance shall be deemed to have been made, such determination being conclusive for purposes of withdrawals from the Collection Account pursuant to Section 5.045.03 hereof.

Periodic Advances. If, on the Business Day immediately following any Master Servicer Remittance Determination Date, the Master Servicer determines that the interest portion of any Monthly Payments due on the Due Date immediately preceding such Master Servicer Remittance Determination Date have not been received as of the close of business on the Business Day preceding such Master Servicer Remittance Determination Date, the Master Servicer Trustee shall determine the amount of any Periodic Advance required to be made with respect to such unpaid interest portion of all Monthly Payments on the related Distribution Servicer Remittance Date. The Master Servicer shallServicer, on the Master Servicer Remittance Business Day immediately following such Determination Date, shall certify and deliver in a computer-readable form (including electronic transmission) magnetic tape or diskette to the Trustee and the Depositor indicating the payment status of each Mortgage Loan as of the Business Day prior to such Master Servicer Remittance Date. The Master Servicer close of business on the Determination Date and shall include in the amount to be deposited in the related Certificate Account on such Master Servicer Remittance Date cause an amount equal to the Periodic Advance, if anyAdvance for the related Determination Date to be deposited in the Certificate Account in accordance with Section 6.1(c) hereof, which deposit may be made in whole or in part from funds in the Collection Account being held for future distribution or withdrawal on or in connection with Distribution Dates in subsequent months. Any funds being held for future distribution to Certificateholders and so used shall be replaced by the Master Servicer from its own funds by deposit in into the related Certificate Collection Account on or before the Business Day preceding Determination Date corresponding to any such future Master Servicer Remittance Determination Date to the extent that funds in the related Certificate Collection Account on for such Master Servicer Remittance future Determination Date shall otherwise be less than the amount required to be transferred to the Certificate Account in respect of payments to Certificateholders required to be made on the Distribution Date related to such datefuture Determination Date. The Master Servicer Trustee shall designate on its records the specific Mortgage Loans and related installments (or portions thereof) as to which such Periodic Advance shall be deemed to have been made, such determination designation, except in cases of manifest error, being conclusive for purposes of withdrawals from the Collection Account pursuant to Section 5.045.4.

Periodic Advances. If, on any Master Servicer Remittance Date, the Master Servicer determines that any Monthly Payments due on the Due Date immediately preceding such Master Servicer Remittance Date have not been received as of the close of business on the Business Day preceding such Master Servicer Remittance Date, the Master Servicer shall determine the amount of any Periodic Advance required to be made with respect to the related Distribution Date. The Master Servicer shall, on the Master Servicer Remittance Date, deliver in a computer-readable form (including electronic transmission) to the Trustee indicating the payment status of each Mortgage Loan as of the Business Day prior to such Master Servicer Remittance Date. The Master Servicer shall include in the amount to be deposited in the related Certificate Account on such Master Servicer Remittance Date an amount equal to the Periodic Advance, if any, which deposit may be made in whole or in part from funds in the Collection Account being held for future distribution or withdrawal on or in connection with Distribution Dates in subsequent months. Any funds being held for future distribution to Certificateholders and so used shall be replaced by the Master Servicer from its own funds by deposit in the related Certificate Account on or before the Business Day preceding any such future Master Servicer Remittance Date to the extent that funds in the related Certificate Account on such Master Servicer Remittance Date shall be less than payments to Certificateholders required to be made on such date. The Master Servicer shall designate on its records the specific Mortgage Loans and related installments (or portions thereof) as to which such Periodic Advance shall be deemed to have been made, such determination being conclusive for purposes of withdrawals from the Collection Account pursuant to Section 5.04.

Periodic Advances. If, on any Master Servicer Remittance Date, the Master Servicer determines that any Monthly Payments due on the Due Date immediately preceding such Master Servicer Remittance Date have not been received as of the close of business on the Business Day preceding such Master Servicer Remittance Date, the Master Servicer shall determine the amount of any Periodic Advance required to be made with respect to the related Distribution Date. The Master Servicer shall, on the Master Servicer Remittance Date, deliver in a computer-readable form (including electronic transmission) to the Trustee Certificate Administrator indicating the payment status of each Mortgage Loan as of the Business Day prior to such Master Servicer Remittance Date. The Master Servicer shall include in the amount to be deposited in the related Certificate Account on such Master Servicer Remittance Date an amount equal to the Periodic Advance, if any, which deposit may be made in whole or in part from funds in the Collection Account being held for future distribution or withdrawal on or in connection with Distribution Dates in subsequent months. Any funds being held for future distribution to Certificateholders and so used shall be replaced by the Master Servicer from its own funds by deposit in the related Certificate Account on or before the Business Day preceding any such future Master Servicer Remittance Date to the extent that funds in the related Certificate Account on such Master Servicer Remittance Date shall be less than payments to Certificateholders required to be made on such date. The Master Servicer shall designate on its records the specific Mortgage Loans and related installments (or portions thereof) as to which such Periodic Advance shall be deemed to have been made, such determination being conclusive for purposes of withdrawals from the Collection Account pursuant to Section 5.04.

Periodic Advances. If, on any Master Servicer Remittance Date, the Master Servicer determines that any Monthly Payments due on the Due Date immediately preceding such Master Servicer Remittance Date have not been received as of the close of business on the Business Day preceding such Master Servicer Remittance Date, the Master Servicer shall determine the amount of any Periodic Advance required to be made with respect to the related Distribution Date. The Master Servicer shall, on fifth day of each month, or if such day is not a Business Day, the Master Servicer Remittance Datesucceeding Business Day, deliver a report in a computer-readable form (including electronic transmission) to the Trustee indicating the payment status of each Mortgage Loan as of the Business Day prior preceding such delivery and whether, and in what amounts, the Servicer anticipates that Periodic Advances with respect to such Master Mortgage Loans for which Monthly Payments have not been received will be made. If, on the fourth Business Day preceding any Servicer Remittance Date, the Servicer determines that any Monthly Payments due on the Due Date immediately preceding such Servicer Remittance Date have not been received as of the close of business on the Business Day preceding such Servicer Remittance Date, the Servicer shall determine the amount of any Periodic Advance required to be made with respect to the related Distribution Date. The Master Servicer shall include in the amount to be deposited in the related Certificate Lower-Tier Distribution Account on such Master Servicer Remittance Date an amount equal to the Periodic Advance, if any, which deposit may be made in whole or in part from funds in the Collection Account being held for future distribution or withdrawal on or in connection with Distribution Dates in subsequent months. Any funds being held for future distribution to Certificateholders and so used shall be replaced by the Master Servicer from its own funds by deposit in the related Certificate Lower-Tier Distribution Account on or before the Business Day preceding any such future Master Servicer Remittance Date to the extent that funds in the related Certificate Lower-Tier Distribution Account on such Master Servicer Remittance Date shall be less than payments to Certificateholders required to be made on such date. The Master Servicer shall designate on its records the specific Mortgage Loans and related installments (or portions thereof) as to which such Periodic Advance shall be deemed to have been made, such determination being conclusive for purposes of withdrawals from the Collection Account pursuant to Section 5.045.03.

Periodic Advances. If, on any Master Servicer Remittance Date, the Master Servicer determines that any Monthly Payments due on the Due Date immediately preceding such Master Servicer Remittance Date have not been received as of the close of business on the Business Day preceding such Master Servicer Remittance Date, the Master Servicer shall determine the amount of any Periodic Advance required to be made with respect to the related Distribution Date. The Master Servicer shall, on the Master Servicer Remittance Date, deliver in a computer-readable form (including electronic transmission) to the Trustee indicating the payment status of each Mortgage Loan as of the Business Day prior to such Master Servicer Remittance Date. The Master Servicer shall include in the amount to be deposited in the related Certificate Account on such Master Servicer Remittance Date an amount equal to the Periodic Advance, if any, which deposit may be made in whole or in part from funds in the Collection Account being held for future distribution or withdrawal on or in connection with Distribution Dates in subsequent months. Any funds being held for future distribution to Certificateholders and so used shall be replaced by the Master Servicer from its own funds by deposit in the related Certificate Account on or before the Business Day preceding any such future Master Servicer Remittance Date to the extent that funds in the related Certificate Account on such Master Servicer Remittance Date shall be less than payments to Certificateholders required to be made on such date. The Master Servicer shall designate on its records the specific Mortgage Loans and related installments (or portions thereof) as to which such Periodic Advance shall be deemed to have been made, such determination being conclusive for purposes of withdrawals from the Collection Account pursuant to Section 5.04.

Periodic Advances. If, on the Business Day prior to any Master Servicer Remittance ----------------- Determination Date, the Master Servicer determines that any Monthly Payments due on any Thirty-year Maturity Mortgage Loan or Home Equity Mortgage Loan during the Due Date immediately preceding such Master Servicer Remittance Date related Collection Period have not been received as of the close of business on the second Business Day preceding such Master Servicer Remittance Determination Date, the Master Servicer shall determine the amount of any Periodic Advance required to be made with respect to such unpaid Monthly Payments on the related Distribution Determination Date. The Master Servicer shallmay, on the Master Servicer Remittance Datebut shall not be required to, deliver in make a computer-readable form (including electronic transmission) periodic advance with respect to the Trustee indicating the payment status of each any High LTV Mortgage Loan for which a Monthly Payment due during the related collection period has not been received as of the close of business on the second Business Day prior to such Master Servicer Remittance preceding the related Determination Date. The Master Servicer shall include in the amount cause to be deposited in the related Certificate Trustee Collection Account on such the Master Servicer Remittance Date an amount equal to the Periodic Advance, if anyAdvance for the related Determination Date, which deposit may be made in whole or in part from funds in the Collection Account being held for future distribution or withdrawal on or in connection with Distribution Payment Dates in subsequent months. Any funds being held for future distribution to Certificateholders Securityholders and so used shall be replaced by the Master Servicer from its own funds by deposit in into the related Certificate Collection Account on or before the Business Day preceding Determination Date corresponding to any such future Master Servicer Remittance Determination Date to the extent that funds in the related Certificate Collection Account on for such Master Servicer Remittance future Determination Date shall otherwise be less than the amount required to be transferred to the Trustee Collection Account in respect of payments to Certificateholders Securityholders required to be made on the Payment Date related to such datefuture Determination Date. The Master Servicer shall be entitled to be reimbursed for any such Periodic Advance on a priority basis out of late collections, Liquidation Proceeds or, to the extent the Master Servicer has in good faith determined any such Periodic Advance to be nonrecoverable, out of funds on deposit in the Collection Account or the Trustee Collection Account. The Master Servicer shall designate on its records the specific Mortgage Loans and related installments (or portions thereof) as to which such Periodic Advance shall be deemed to have been made, such determination designation, except in cases of manifest error, being conclusive for purposes of withdrawals from the Collection Account or Trustee Collection Account pursuant to Section 5.043.04.

Periodic Advances. If, on any Master Servicer Remittance Payment Date, the Master Servicer determines that any Monthly Payments due on during the related Due Date immediately preceding such Master Servicer Remittance Date Period have not been received as of the close end of business on the Business Day preceding such Master Servicer Remittance Daterelated Due Period, the Master Servicer shall determine the amount of any Periodic Advance required to be made with respect to the related Distribution Payment Date. The Master Servicer shallshall deliver, on one (1) Business Day after such Servicer Payment Date, a magnetic tape, diskette (or such other electronic medium used by the Master Servicer Remittance Date, deliver in a computer-readable form (including electronic transmissionfor such purpose) to the Trustee Backup Servicer indicating the payment status of each Mortgage Loan as of the date which is two Business Day Days prior to such Master Servicer Remittance Payment Date. The Master Servicer shall include in the amount to be deposited in the related Certificate Payment Account on such Master Servicer Remittance Payment Date an amount equal to the Periodic Advance, if any, which deposit may be made in whole or in part from funds in the Collection Account being held for future distribution payment or withdrawal on or in connection with Distribution Payment Dates in subsequent months, other than any such amounts which are voluntary Principal Prepayments in full. Any funds being held for future distribution payment to Certificateholders Noteholders and so used shall be replaced by the Master Servicer from its own funds by deposit in the related Certificate Collection Account on or before the Business Day preceding any such future Master Servicer Remittance Payment Date to the extent that funds in the related Certificate Collection Account on such Master Servicer Remittance Payment Date shall be less than payments to Certificateholders required to be made on the Servicer Remittance Amount for such date. Payment Date The Master Servicer shall designate on its records the specific Mortgage Loans and related installments (or portions thereof) as to which such Periodic Advance shall be deemed to have been made, such determination being conclusive for purposes of withdrawals from the Collection Account pursuant to Section 5.04.to