Collateral Shortfalls Sample Clauses

Collateral Shortfalls. In the event that amounts on deposit in the Collateral Fund at any time are insufficient to cover any withdrawals therefrom that the Company is then entitled to make hereunder, the Purchaser shall be obligated to pay such amounts to the Company immediately upon demand. Such obligation shall constitute a general corporate obligation of the Purchaser. The failure to pay such amounts within two Business Days of such demand (except for amounts to cover interest on a Mortgage Loan pursuant to Sections 2.02(d) and 2.03 (b)), shall cause an immediate termination of the Purchaser's right to make any Election to Delay Foreclosure or Election to Foreclose and the Company's obligations under this Agreement with respect to all Mortgage Loans to which such insufficiencies relate, without the necessity of any further notice or demand on the part of the Company.
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Collateral Shortfalls. In the event that amounts on deposit in the Collateral Fund at any time are insufficient to cover any withdrawals therefrom that the Company or the Trustee is then entitled to make hereunder, the Purchaser shall be obligated to pay such amounts to the Company or the Trustee immediately upon demand. Such obligation shall constitute a general corporate obligation of the Purchaser.
Collateral Shortfalls. In the event that amounts on deposit in the Collateral Fund at any time are insufficient to cover any withdrawals therefrom that the Company or the Trustee is then entitled to make hereunder, the Purchaser shall be obligated to pay such amounts to the Company or the Trustee immediately upon demand. Such obligation shall constitute a general corporate obligation of the Purchaser. The failure to pay such amounts within two Business Days of such demand (except for amounts to cover interest on a Mortgage Loan pursuant to Sections 2.02(d) and 2.03(b)), shall cause an immediate termination of the Purchaser's right to make any Election to Delay Foreclosure or Election to Foreclose and the Company's obligations under this Agreement with respect to all Mortgage Loans to which such insufficiencies relate, without the necessity of any further notice or demand on the part of the Company.
Collateral Shortfalls. In the event that amounts on deposit in the Collateral Account at any time are insufficient to cover any withdrawals therefrom that the Master Servicer is then entitled to make hereunder, the Directing Holder shall be obligated to pay such amounts to the Master Servicer immediately upon demand. Such obligation shall constitute a general obligation of the Directing Holder.
Collateral Shortfalls. In the event that amounts on deposit in the Collateral Fund at any time are insufficient to cover any withdrawals therefrom that the Master Servicer is then entitled to make hereunder, the Loss Mitigation Advisor shall be obligated to pay such amounts to the Master Servicer immediately upon demand. Such obligation shall constitute a general corporate obligation of the Loss Mitigation Advisor. The failure to pay such amounts within two Business Days of such demand (except for amounts to cover interest on a Mortgage Loan pursuant to Sections 2.02(d) and 2.03(b)), shall cause an immediate termination of the Loss Mitigation Advisor's right to make any Election to Delay Foreclosure or Election to Foreclose and the Master Servicer's obligations under this Agreement with respect to all Mortgage Loans to which such insufficiencies relate, without the necessity of any further notice or demand on the part of the Master Servicer.
Collateral Shortfalls. 69 ARTICLE VIII MISCELLANEOUS PROVISIONS
Collateral Shortfalls. In the event that amounts on deposit in the Collateral Fund at any time are insufficient to cover any withdrawals therefrom that the LHMC or the Trustee is then entitled to make hereunder, the Purchaser shall be obligated to pay such amounts to the LHMC or the Trustee immediately upon demand. Such obligation shall constitute a general corporate obligation of the Purchaser.
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Collateral Shortfalls. 125 ARTICLE X TERMINATION SECTION PAGE
Collateral Shortfalls. In the event that amounts on deposit in the Collateral Fund at any time are insufficient to cover any withdrawals therefrom that the Bank is then entitled to make hereunder, the Loss Mitigation Advisor shall be obligated to pay such amounts to the Bank immediately upon demand. Such obligation shall constitute a general corporate obligation of the Loss Mitigation Advisor. The failure to pay such amounts within two Business Days of such demand (except for amounts to cover interest on a Mortgage Loan pursuant to Sections 2.02(d) and 2.03(b)), shall cause an immediate termination of the Loss Mitigation Advisor's right to make any Election to Delay Foreclosure or Election to Foreclose and the Bank's obligations under this Agreement with respect to all Mortgage Loans to which such insufficiencies relate, without the necessity of any further notice or demand on the part of the Bank.
Collateral Shortfalls. 127 ARTICLE X
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