Common use of Shortfalls in Funding Clause in Contracts

Shortfalls in Funding. If, for any reason, the sum of the amounts requested by a Legal Entity to be transferred from an Exchange Account to another Exchange Account or a Joint Disbursement Account in accordance with the Master Exchange Agreement on any Business Day pursuant to Section 3.01 exceeds the total amount of collected funds in such Exchange Account with respect to such Legal Entity, including any Qualified Earnings from the investment of funds with respect to such Legal Entity held in the Exchange Account pursuant to this Escrow Agreement on such day and actually credited to the Exchange Account, the Escrow Agent shall promptly notify the applicable Legal Entity of the amount of such shortfall, and the amounts to be transferred to such other Exchange Account or Joint Disbursement Account on such day shall be reduced by the amount of such shortfall.

Shortfalls in Funding. If, for any reason, the sum of the amounts requested by a Legal Entity to be transferred from an Exchange Account to another Exchange Account or a Joint Disbursement Account in accordance with the Master Exchange Agreement on any Business Day pursuant to Section 3.01 hereof exceeds the total amount of collected funds in such Exchange Account with respect to such Legal Entity, including any Qualified Earnings from the investment of funds with respect to such Legal Entity held in the Exchange Account pursuant to this Escrow Agreement on such day and actually credited to the Exchange Account, the Escrow Agent shall promptly notify the applicable Legal Entity of the amount of such shortfall, and the amounts to be transferred to such other Exchange Account or Joint Disbursement Account on such day shall be reduced by the amount of such shortfall.

Shortfalls in Funding. If, for any reason, the sum of the amounts requested by a an Legal Entity to be transferred from an Exchange Account to another Exchange Account or a Joint Disbursement Account in accordance with the Master Exchange Agreement on any Business Day pursuant to Section 3.01 hereof exceeds the total amount of collected funds in such Exchange Account with respect to such Legal Entity, including any Qualified Earnings from the investment of funds with respect to such Legal Entity held in the Exchange Account pursuant to this Escrow Agreement on such day and actually credited to the Exchange Account, the Escrow Agent shall promptly notify the applicable Legal Entity of the amount of such shortfall, and the amounts to be transferred to such other Exchange Account or Joint Disbursement Account on such day shall be reduced by the amount of such shortfall.