Common use of Amounts Retained by Xxxxxxx Mac Clause in Contracts

Amounts Retained by Xxxxxxx Mac. (a) Subject to any adjustments required by Section 3.04, Xxxxxxx Mac will retain from monthly interest payments on each Mortgage a management and guarantee fee, which equals any interest received by Xxxxxxx Mac from the servicer over the amount of interest payable to Holders; provided, however, that any such amount retained by Xxxxxxx Mac will be adjusted automatically to the extent a Pool Factor does not reÖect the unpaid principal balance of the Mortgages. Any such adjustment will equal the diÅerence between (i) interest at the applicable PC Coupon computed on the aggregate unpaid principal balance of the Mortgages for such month based on monthly principal payments actually received by Xxxxxxx Mac and (ii) interest at the applicable PC Coupon computed on the remaining PC Pool balance derived from the Pool Factor. Xxxxxxx Mac is entitled to retain as additional compensation for services certain incidental fees on the Mortgages as provided in Section 2.05.

Amounts Retained by Xxxxxxx Mac. (a) Subject to any adjustments required by Section 3.04, Xxxxxxx Mac will retain from monthly interest payments on each Mortgage a management and guarantee fee, which equals any interest received by Xxxxxxx Mac from the servicer over the amount of interest payable to Holders; provided, however, that any such amount retained by Xxxxxxx Mac will be adjusted automatically to the extent a Pool Factor does not reÖect reflect the unpaid principal balance of the Mortgages. Any such adjustment will equal the diÅerence difference between (i) interest at the applicable PC Coupon computed on the aggregate unpaid principal balance of the Mortgages for such month based on monthly principal payments actually received by Xxxxxxx Mac and (ii) interest at the applicable PC Coupon computed on the remaining PC Pool balance derived from the Pool Factor. Xxxxxxx Mac is entitled to retain as additional compensation for services certain incidental fees on the Mortgages as provided in Section 2.05.