Examples of Prepayment Interest Excess in a sentence
Additional servicing compensation in the form of Excess Proceeds, Prepayment Interest Excess, assumption fees, late payment charges and all income and gain net of any losses realized from Permitted Investments shall be retained by the Master Servicer to the extent not required to be deposited in the Certificate Account pursuant to Section 3.05.
Seller shall be entitled to retain as additional compensation any Ancillary Income, investment income on amounts on deposit in the Custodial Accounts and Escrow Accounts and any Prepayment Interest Excess received by Seller with respect to the Deferred Mortgage Loans, to the extent such amounts are permitted to be retained by Seller pursuant to the related Deferred Servicing Agreement.
Any Prepayment Interest Excess Amount shall be retained by, or paid to, the Servicer as a part of the Servicing Fee.
Ocwen shall net any such Ancillary Income and Prepayment Interest Excess received from the amounts it is required to remit to Servicer pursuant to Section 2.5.
Ocwen shall also be entitled to retain as additional compensation any Ancillary Income and any Prepayment Interest Excess received by Ocwen with respect to the Mortgage Loans following the applicable Servicing Transfer Date (and regardless of when such amounts accrued), to the extent such Ancillary Income or Prepayment Interest Excess is permitted to be retained by Servicer pursuant to the related Subject Servicing Agreement.