Common use of Advances by the Servicer Clause in Contracts

Advances by the Servicer. (a) Not later than 1:00 p.m. New York time on the Deposit Date related to each Distribution Date, the Servicer shall remit to the Trustee for deposit in the Distribution Account an amount to be distributed on the related Distribution Date pursuant to Section 5.01, equal to the Monthly Payment due on each Mortgage Loan during the related Due Period, but not received as of the related Determination Date (net of the Servicing Fee) such amount being defined herein as the "Monthly Advance"; provided, however that if the amount of Available Funds withdrawn from the Collection Account on the third Business Day before such Distribution Date is less than the Guaranteed Distributions for such Distribution Date, on such third Business Day the Servicer shall remit to the Trustee for deposit in the Distribution Account such portion of the aggregate Monthly Advance for the Distribution Date as shall be necessary to eliminate the shortfall. With respect to any Balloon Loan that is delinquent on its maturity date, the Servicer will continue to make Monthly Advances with respect to such Balloon Loan in an amount equal to one month's interest on the unpaid principal balance at the applicable Loan Rate (net of the Servicing Fee) according to the original amortization schedule for such Mortgage Loan. The obligation to make Monthly Advances with respect to each Mortgage Loan shall continue until such Mortgage Loan becomes a Liquidated Mortgage Loan.

Advances by the Servicer. (a) Not later than 1:00 p.m. New York time on the Deposit Date related to each Distribution Date, the Servicer shall remit to the Trustee for deposit in the Distribution Account an amount to be distributed on the related Distribution Date pursuant to Section 5.01, equal to the Monthly Payment due on each Mortgage Loan during the related Due Period, but not received as of the related Determination Date (net of the Servicing Fee) such amount being defined herein as the "“Monthly Advance"”; provided, however that if the amount of Available Funds withdrawn from the Collection Account on the third Business Day before such Distribution Date is less than the Guaranteed Distributions for such Distribution Date, on such third Business Day the Servicer shall remit to the Trustee for deposit in the Distribution Account such portion of the aggregate Monthly Advance for the Distribution Date as shall be necessary to eliminate the shortfall. With respect to any Balloon Loan that is delinquent on its maturity date, the Servicer will continue to make Monthly Advances with respect to such Balloon Loan in an amount equal to one month's ’s interest on the unpaid principal balance at the applicable Loan Rate (net of the Servicing Fee) according to the original amortization schedule for such Mortgage Loan. The obligation to make Monthly Advances with respect to each Mortgage Loan shall continue until such Mortgage Loan becomes a Liquidated Mortgage Loan.

Advances by the Servicer. (a) Not later than 1:00 p.m. 10:00 a.m. New York time on the Deposit Date related to each Distribution Date, the Servicer shall remit to the Trustee for deposit in the Distribution Account an amount to be distributed on the related Distribution Date pursuant to Section 5.01, equal to the Monthly Payment due on each Mortgage Loan during the related Due Period, but not received as of the related Determination Date (net of the Servicing Fee) such amount being defined herein as the "Monthly Advance"; provided, however that if the amount of Available Funds withdrawn from the Collection Account on the third Business Day before such Distribution Date is less than the Guaranteed Distributions for such Distribution Date, on such third Business Day the Servicer shall remit to the Trustee for deposit in the Distribution Account such portion of the aggregate Monthly Advance for the Distribution Date as shall be necessary to eliminate the shortfall. With respect to any Balloon Loan that is delinquent on its maturity date, the Servicer will continue to make Monthly Advances with respect to such Balloon Loan in an amount equal to one month's interest on the unpaid principal balance at the applicable Loan Rate (net of the Servicing Fee) according to the original amortization schedule for such Mortgage Loan. The obligation to make Monthly Advances with respect to each Mortgage Loan shall continue until such Mortgage Loan becomes a Liquidated Mortgage Loan.

Advances by the Servicer. (a) Not later than 1:00 p.m. New York time on the Deposit Date related to each Distribution Date, the Servicer shall remit to the Trustee for deposit in the Distribution Account an amount to be distributed on the related Distribution Date pursuant to Section 5.01, equal to the Monthly Payment due on each Mortgage Loan during the related Due Period, but not received as of the related Determination Date (net of the Servicing Fee) such amount being defined herein as the "“Monthly Advance"; ;” provided, however that if the amount of Available Funds withdrawn from the Collection Account on the third Business Day before such Distribution Date is less than the Guaranteed Distributions for such Distribution Date, on such third Business Day the Servicer shall remit to the Trustee for deposit in the Distribution Account such portion of the aggregate Monthly Advance for the Distribution Date as shall be necessary to eliminate the shortfall, as permitted pursuant to Section 3.15(b) hereof. With respect to any Balloon Loan that is delinquent on its maturity date, the Servicer will continue to make Monthly Advances with respect to such Balloon Loan in an amount equal to one month's ’s interest on the unpaid principal balance at the applicable Loan Rate (net of the Servicing Fee) according to the original amortization schedule for such Mortgage Loan. The obligation to make Monthly Advances with respect to each Mortgage Loan shall continue until such Mortgage Loan becomes a Liquidated Mortgage Loan.