Examples of REO Pooled Mortgage Loan in a sentence
Default Charges applied to reimburse the Trust pursuant to clause second of Section 3.26(a) shall be deemed to offset payments of Advance Interest in the chronological order in which it accrued with respect to the subject Pooled Mortgage Loan or REO Pooled Mortgage Loan (whereupon such Advance Interest shall thereafter be deemed to have been paid out of Default Charges).
The portion of each Prepayment Premium and Yield Maintenance Charge that is distributed to any Class of REMIC III Certificates on any Distribution Date shall, in each case, be deemed to have been distributed from REMIC I to REMIC II in respect of the REMIC I Regular Interest corresponding to the prepaid Pooled Mortgage Loan or REO Pooled Mortgage Loan, as the case may be, in respect of which such Prepayment Premium or Yield Maintenance Charge was received or deemed received.
With respect to each Pooled Mortgage Loan and REO Pooled Mortgage Loan, the Trustee Fee, the Certificate Administrator Fee and the Servicer Report Administrator Fee shall be calculated on the same Interest Accrual Basis as is applicable to the accrual or deemed accrual of interest on such Mortgage Loan or REO Mortgage Loan, as the case may be.
The portion of each Prepayment Premium and Yield Maintenance Charge that is distributed to any Class of Regular Interest Certificates on any Distribution Date shall, in each case, be deemed to have been distributed from REMIC I to REMIC II in respect of the REMIC I Regular Interest corresponding to the prepaid Pooled Mortgage Loan or REO Pooled Mortgage Loan, as the case may be, in respect of which such Prepayment Premium or Yield Maintenance Charge was received or deemed received.
The applicable Master Servicer shall be entitled to recover unpaid Master Servicing Fees in respect of any Pooled Mortgage Loan or any REO Pooled Mortgage Loan out of the portion any related Insurance Proceeds, Condemnation Proceeds or Liquidation Proceeds allocable as interest on such Pooled Mortgage Loan or REO Pooled Mortgage Loan, as the case may be.
Master Servicing Fees earned with respect to any Pooled Mortgage Loan or any REO Pooled Mortgage Loan shall be payable monthly from payments of interest on such Pooled Mortgage Loan or REO Revenues allocable as interest on such REO Pooled Mortgage Loan, as the case may be.
Default Charges applied to reimburse the Trust pursuant to clause second of Section 3.28(a) shall be deemed to offset payments of Advance Interest in the chronological order in which it accrued with respect to the subject Pooled Mortgage Loan or REO Pooled Mortgage Loan (whereupon such Advance Interest shall thereafter be deemed to have been paid out of Default Charges).
With respect to each Pooled Mortgage Loan and REO Pooled Mortgage Loan, the Trustee Fee and the Servicer Report Administrator Fee shall be calculated on the same Interest Accrual Basis as is applicable to the accrual or deemed accrual of interest on such Mortgage Loan or REO Mortgage Loan, as the case may be.
Notwithstanding the foregoing, all P&I Advances with respect to the 1290 Avenue of the Americas Pooled Mortgage Loan or any 1290 Avenue of the Americas REO Pooled Mortgage Loan are required to be made by the 1290 Avenue of the Americas Master Servicer pursuant to, and as and when required by, the 1290 Avenue of the Americas Servicing Agreement and/or the 1290 Avenue of the Americas Intercreditor Agreement.
Default Charges applied to reimburse the Trust pursuant to clause second of Section 3.29(a) shall be deemed to offset payments of Advance Interest in the chronological order in which it accrued with respect to the subject Pooled Mortgage Loan or REO Pooled Mortgage Loan (whereupon such Advance Interest shall thereafter be deemed to have been paid out of Default Charges).