Common use of Refinancing Incentives Clause in Contracts

Refinancing Incentives. For any Assignment Date beginning with the Assignment Date in the sixth calendar month after the Sale Date and subject to Section 4.04 hereof, Seller’s Future Excess Servicing Spread Assignment Obligation shall be reduced by the Maximum Retained Refinancing Loan Amount for such Assignment Date. For purposes of this Section 3.03, the following definitions shall apply:

Refinancing Incentives. For any Assignment Date beginning with the Assignment Date in the sixth calendar month after the Sale Closing Date and subject to Section 4.04 hereof, Seller’s Future Excess Servicing Spread Assignment Obligation shall be reduced by the Maximum Retained Refinancing Loan Amount for such Assignment Date. For purposes of this Section 3.03, the following definitions shall apply:

Refinancing Incentives. For any Assignment Date beginning with the Assignment Date in the sixth calendar month after the Initial Applicable Subsequent Sale Date and subject to Section 4.04 hereof, Seller’s Future Excess Servicing Spread Assignment Obligation shall be reduced by the Maximum Retained Refinancing Loan Amount for such Assignment Date. For purposes of this Section 3.03, the following definitions shall apply:

Refinancing Incentives. For any Assignment Date beginning with the Assignment Date in the sixth calendar month after the Sale Closing Date and subject to Section 4.04 hereof3.04, Seller’s Future Excess Servicing Spread Assignment Obligation shall be reduced by the Maximum Retained Refinancing Loan Amount for such Assignment Date. For purposes of this Section 3.03, the following definitions shall apply: