Servicer Remittance Amount. With respect to any Servicer Distribution Date, an amount equal to the sum of (i) all collections of principal and interest on the Mortgage Loans (including Principal Prepayments, Net REO Proceeds and Net Liquidation Proceeds, if any) collected by the Servicer during the related Due Period, (ii) all Periodic Advances made by the Servicer with respect to interest payments due to be received on the Mortgage Loans on the related Due Date and (iii) any other amounts required to be placed in the Collection Account by the Servicer pursuant to this Agreement but excluding the following:
Servicer Remittance Amount. With respect to any Servicer Payment Date, an amount equal to the sum of (i) all collections of principal and interest on the Mortgage Loans (including Principal Prepayments, Net REO Proceeds and Net Liquidation Proceeds, if any) collected by the Servicer during the related Due Period, (ii) all Periodic Advances made by the Servicer with respect to interest payments due to be received on the Mortgage Loans on the related Due Date and (iii) any other amounts required to be placed in the Collection Account by the Servicer pursuant to the Sale and Servicing Agreement but excluding the following:
Servicer Remittance Amount. For a Servicer Remittance Date is equal to the sum, without duplication, of: • all scheduled collections of principal of and interest on the Mortgage Loans collected by the servicer during the related Due Period; • all partial prepayments of principal and other amounts collected on account of principal, including Net REO Proceeds, Net Liquidation Proceeds, Insurance Proceeds and Subsequent Recoveries, if any, collected by the servicer during the previous calendar month, other than Payaheads; • all principal prepayments in full, including prepayment penalties, collected by the servicer during the related Prepayment Period; • all Delinquency Advances made, and Compensating Interest paid, by the servicer with respect to payments due to be received on the Mortgage Loans during the related Due Period; and • any other amounts required to be placed in the collection account by the servicer pursuant to the sale and servicing agreement; but excluding the following:
Examples of Servicer Remittance Amount in a sentence
Notwithstanding the fourth paragraph of Section 3.04(a), the Primary Servicer shall deposit into the Primary Servicer Collection Account and include in its Primary Servicer Remittance Amount all Additional Master Servicing Compensation and Additional Special Servicing Compensation collected by the Primary Servicer to the extent not constituting Additional Primary Servicing Compensation, including, without limitation, all defeasance fees.
If the Indenture Trustee shall subsequently receive any such Servicer Remittance Amount by the close of business on such Business Day, such Servicer Event of Default shall not be deemed to have occurred.
Not later than 1:00 p.m. (New York City time) on the Master Servicer Remittance Date, each Master Servicer shall deliver to the Certificate Administrator, for deposit in the Distribution Account, an aggregate amount of immediately available funds equal to the related Master Servicer Remittance Amount for the Master Servicer Remittance Date.
Not later than 1:00 p.m. (New York City time) on the Master Servicer Remittance Date, the Master Servicer shall deliver to the Certificate Administrator, for deposit in the Distribution Account, an aggregate amount of immediately available funds equal to the related Master Servicer Remittance Amount for the Master Servicer Remittance Date.
On each Master Servicer Remittance Date, the Master Servicer shall deliver to the Trustee, for deposit in the Distribution Account, an aggregate amount of immediately available funds equal to the Master Servicer Remittance Amount for such Master Servicer Remittance Date.
More Definitions of Servicer Remittance Amount
Servicer Remittance Amount. For a Servicer Remittance Date is equal to the sum, without duplication, of: • all scheduled collections of principal of and interest on the mortgage loans collected by the servicer during the related Due Period, • all partial prepayments of principal and other amounts collected on account of principal, including Net REO Proceeds, Net Liquidation Proceeds, Insurance Proceeds and Subsequent Recoveries, if any, collected by the servicer during the previous calendar month, other than Payaheads, • all principal prepayments in full, including prepayment penalties, collected by the servicer during the related Prepayment Period, • all Delinquency Advances made, and Compensating Interest paid, by the servicer with respect to payments due to be received on the mortgage loans during the related Due Period, and • any other amounts required to be placed in the collection account by the servicer pursuant to the sale and servicing agreement, but excluding the following:
Servicer Remittance Amount. With respect to any Servicer Payment Date, an amount equal to the sum of (i) all Monthly Payments on the Mortgage Loans collected by the Master Servicer during the related Due Period, (ii) all Curtailments and other amounts collected on account of principal (including Net REO Proceeds, Net Liquidation Proceeds and Insurance Proceeds, if any) by the Master Servicer during the related Collection Period, (iii) all Principal Prepayments in full (including Prepayment Charges) collected by the Master Servicer during the related Prepayment Period, (iv) all Periodic Advances made by the Master Servicer with respect to Monthly Payments due to be received on the Mortgage Loans during the related Due Period and (v) any other amounts required to be placed in the Collection Account by the Master Servicer pursuant to the Sale and Servicing Agreement but excluding the following:
Servicer Remittance Amount. For any Distribution Date, is the sum of (i) all scheduled installments of interest (net of the related Servicing Fees) and principal due on the Due Date on the Mortgage Loans in the related Remittance Period and received by the related Determination Date, together with any related Advances; (ii) all Insurance Proceeds (excluding those included in Liquidation Proceeds), Liquidation Proceeds and Subsequent Recoveries received during the preceding calendar month (in each case, net of unreimbursed expenses incurred in connection with a liquidation or foreclosure and net of the related Excess Proceeds) and (iii) all partial or full Principal Prepayments on the Mortgage Loans received during the related Prepayment Period together with all Compensating Interest on those Mortgage Loans and interest paid by the Mortgagors (other than Prepayment Interest Excess) minus amounts in reimbursement for Advances previously made with respect to the Mortgage Loans, and other expenses reimbursable to the Servicer with respect to the Mortgage Loans pursuant to this Agreement.
Servicer Remittance Amount. For any Distribution Date, is the sum of:
Servicer Remittance Amount. As defined in Section 7.1.
Servicer Remittance Amount means, with respect to any Servicer Remittance Date and a Group, an amount equal to the sum of (i) all unscheduled collections of principal and interest on the HELOCs in the case of Group I and the HELs in the case of Group II (including Principal Prepayments, Curtailments, Net REO Proceeds and Net Liquidation Proceeds, if any, and any amounts deposited in the Collection Account or Trustee Collection Account in connection with a repurchase of the HELOCs in the case of Group I and the HELs in the case of Group II) collected by the Servicer during the Due Period and all scheduled Monthly Payments due on the Due Date and received by the Servicer on or prior to the Business Day preceding the related Determination Date, plus (ii) all Periodic Advances made by the Servicer with respect to payments due to be received on the HELOCs in the case of Group I and HELs in the case of Group II on the related Due Date plus (iii) the amount of Compensating Interest due with respect to HELOCs in the case of Group I and the HELs in the case of Group II with respect to the related Due Period, plus (iv) either (A) for each Remittance Date prior to the Final Subsequent Transfer Date, the amount transferred to the Certificate Account with respect to such Group pursuant to Section 6.11 hereof, or (B) for the Remittance Date immediately following the Final Subsequent Transfer Date, any amount remaining on deposit in the Pre-Funding Account, plus (v) any other amounts required to be placed in the Collection Account with respect to HELOCs in the case of Group I and the HELs in the case of Group II by the Servicer pursuant to this Pooling and Servicing Agreement but excluding, without duplication, the following:
Servicer Remittance Amount. With respect to any Determination Date, an amount equal to the sum of (i) all collections of principal and interest on the Mortgage Loans (including Prepayments, Net REO Proceeds and Net Liquidation Proceeds, if any) collected by the Servicer during the related Due Period, (ii) all Periodic Advances made by the Servicer with respect to interest payments due to be received on the Mortgage Loans on the related Due Date and (iii) any other amounts required to be placed in the Collection Account by the Servicer pursuant to the Sale and Servicing Agreement.