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 aggregate principal balance of any Qualified Substitute Loans (after application of principal payments received on or before the related Transfer Date) is less than (b) the aggregate of the Principal Balances of the related Deleted Loans as of any date of determination.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

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Substitution Adjustment. As to any date on which a substitution occurs pursuant to Section Sections 2.05 or Section 3.05 hereof3.03, the amount, amount (if any, ) by which (a) the aggregate principal balance of any Qualified Substitute Loans balances (after application of principal payments received on or before the related Transfer Datedate of substitution) is of any Qualified Substitute Home Improvement Loans as of the date of substitution are less than (b) the aggregate of the Principal Balances Balance, prior to the occurrence of Realized Losses, of the related Deleted Loans as of any date of determinationHome Improvement Loans.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Money Store Home Equity Corp), Pooling and Servicing Agreement (Money Store Home Equity Corp)

Substitution Adjustment. As to any date on which a substitution occurs pursuant to Section Sections 2.05 or Section 3.05 hereof3.03, the amount, amount (if any, ) by which (a) the aggregate principal balance of any Qualified Substitute Loans balances (after application of principal payments received on or before the related Transfer Datedate of substitution) is of any Qualified Substitute Loans as of the date of substitution are less than (b) the aggregate of the Principal Balances Balance, prior to the occurrence of Realized Losses, of the related Deleted Loans as of any date of determinationLoans.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Money Store Commercial Mortgage Inc)

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Substitution Adjustment. As to any date on which a substitution occurs pursuant to Section Sections 2.05 or Section 3.05 hereof3.03, the amount, amount (if any, ) by which (a) the aggregate principal balance of any Qualified Substitute Loans balances (after application of principal payments received on or before the related Transfer Datedate of substitution) is of any Qualified Substitute Mortgage Loans as of the date of substitution are less than (b) the aggregate of the Principal Balances Balance, prior to the occurrence of Realized Losses, of the related Deleted Loans as of any date of determinationMortgage Loans.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Money Store Home Equity Corp)

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