Substitution Adjustment. As to any date on which a substitution occurs pursuant to Sections 2.06 or 3.03, the amount (if any) by which the aggregate principal balances (after application of principal payments received on or before the date of substitution) of any Qualified Substitute Mortgage Loans as of the date of substitution, are less than the aggregate of the Principal Balances of the related Deleted Mortgage Loans together with 30 days' interest thereon at the Mortgage Interest Rate.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp), Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Inc)
Substitution Adjustment. As to any date on which a substitution occurs pursuant to Sections 2.06 or 3.033.03 hereof, the amount (if any) by which the aggregate unpaid principal balances balance (after application of principal payments received on or before the date of substitution) of any Qualified Substitute Mortgage Loans as of the date of substitution, are less than the aggregate of the Principal Balances of the related Deleted Mortgage Loans together with 30 days' interest thereon at the Mortgage Interest Rate.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Business Financial Services Inc /De/)
Substitution Adjustment. As to any date on which a substitution occurs pursuant to Sections 2.06 2.03 or 3.03, the amount (if any) by which the aggregate principal balances (after application of principal payments received on or before the date of substitution) substitution of any Qualified Substitute Mortgage Loans as of the date of substitution, are less than the aggregate of the Principal Balances of the related Deleted Mortgage Loans together with the greater of (i) all accrued and unpaid interest thereon and (ii) 30 days' interest thereon thereon, at the Mortgage Interest Rate.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Funding Corp)
Substitution Adjustment. As to any date on which a substitution occurs pursuant to Sections 2.06 or 3.03, the amount (if any) by which the aggregate principal balances (after application of principal payments received on or before the date of substitution) substitution of any Qualified Substitute Mortgage Loans as of the date of substitution, are less than the aggregate of the Principal Balances of the related Deleted Mortgage Loans together with 30 days' interest thereon at the Mortgage Interest Rate.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Business Financial Services Inc /De/)
