Common use of Substitution Adjustment Clause in Contracts

Substitution Adjustment. As to any date on which a substitution occurs pursuant to SECTION 2.05 or SECTION 3.05 hereof, the amount, if any, by which (a) the sum of the aggregate principal balance (after application of principal payments received on or before the date of substitution) of any Qualified Substitute Loans as of the date of substitution, plus any accrued and unpaid interest thereon to the date of substitution, is less than (b) the sum of the aggregate of the Principal Balances, together with accrued and unpaid interest thereon to the date of substitution, of the related Deleted Loans.

Substitution Adjustment. As to any date on which a substitution occurs ----------------------- pursuant to SECTION 2.05 or SECTION 3.05 hereofSection 3.05, the amount, if any, by which (a) the sum of the aggregate principal balance (after application of principal payments received on or before the date of substitution) of any Qualified Substitute Home Loans as of the date of substitution, substitution plus any accrued and unpaid interest thereon that is scheduled to be paid after the date of substitutionsubstitution and during the Due Period in which such substitution occurs, is less than (b) the sum of the aggregate of the Principal Balances, together with accrued and unpaid interest thereon to the date of substitution, of the related Deleted Home Loans.

Substitution Adjustment. As to any date on which a substitution occurs pursuant to SECTION 2.05 Sections 2.06 or SECTION 3.05 hereof3.05, the amount, if any, by which (a) the sum of the aggregate principal balance (after application of principal payments received on or before the date of substitution) of any Qualified Substitute Home Loans as of the date of substitution, substitution plus any accrued interest and unpaid interest thereon that is scheduled to be paid after the date of substitutionsubstitution and during the Due Period in which such substitution occurs, is less than (b) the sum of the aggregate of the Principal Balances, together 34 with accrued and unpaid interest thereon to the date of substitution, of the related Deleted Home Loans.