Compensating Interest. The Servicer shall remit to the Trustee on each Remittance Date an amount from its own funds equal to the Compensating Interest payable by the Servicer for the related Distribution Date.
Compensating Interest. The Servicer shall be required to deposit in the Custodial Account, and retain therein with respect to each Principal Prepayment, the Prepayment Interest Shortfall Amount, if any, for the related Due Period. Such deposit shall be made from the Servicer’s own funds, without reimbursement therefor, up to an aggregate amount for any month equal to the lesser of (i) the aggregate Prepayment Interest Shortfall Amount for such month or (ii) the aggregate General Servicing Fees for such month. The Servicer shall not be obligated to pay any Prepayment Interest Shortfall Amount with respect to any Relief Act Reduction or bankruptcy.
Compensating Interest. Section 3.26 Credit Reporting; Gramm-Leach-Bliley Act.....................
Compensating Interest. The applicable Servicer shall remit to the Securities Administrator on each Remittance Date an amount from its own funds equal to Compensating Interest payable by such Servicer for such Remittance Date.
Compensating Interest. The Servicer shall deposit in the Custodial Account on a daily basis, and retain therein with respect to each Principal Prepayment, the Prepayment Interest Shortfall Amount, if any, for the month of distribution. Such deposit shall be made from the Servicer’s own funds, without reimbursement therefor up to a maximum amount of the Servicing Fee actually received for such month for the Mortgage Loans.
Compensating Interest. Not later than the Servicer Remittance Date, the Servicer shall remit to the Trustee (without right of reimbursement therefor) for deposit into the Distribution Account an amount equal to the lesser of (a) the aggregate of the Prepayment Interest Shortfalls for the related Distribution Date resulting from Principal Prepayments during the related Due Period and (b) its aggregate Monthly Servicing Fees received in the related Due Period and shall not have the right to reimbursement therefor (the "Compensating Interest"); provided, however, that Compensating Interest with respect to any Mortgage Loan and any Distribution Date shall not exceed the Servicing Fees due in respect of such Mortgage Loan on such Distribution Date.
Compensating Interest. Not later than the Determination Date, the Servicer shall deposit to the Collection Account an amount equal to the lesser of (A) the aggregate of the Prepayment Interest Shortfalls for the related Payment Date resulting from Principal Prepayments in full during the related Prepayment Period and (B) an amount equal to the product of (i) 1/12, (ii) the Servicing Fee Rate and (iii) the Pool Balance as of the first day of the related Due Period. The Servicer shall not have the right to reimbursement for any amounts deposited to the Collection Account pursuant to this Section 3.14.
Compensating Interest. Not later than the Servicer Remittance Date, the Servicer shall remit to the Indenture Trustee (without right to reimbursement therefor) for deposit into the Payment Account, an amount equal to, for all of the Mortgage Loans, the lesser of (a) the Prepayment Interest Shortfalls for all of the Mortgage Loans for the related Payment Date resulting from Principal Prepayments in full during the related Prepayment Period and (b) its aggregate Servicing Fee with respect to all of the Mortgage Loans for the related Due Period (the “Compensating Interest”).
Compensating Interest. Section 3.26 Credit Reporting; Gramm-Leach-Bliley Act.................... Section 3.27 Excess Reservx Xxxx Xxxxxxx; Xxstribution Account........... Section 3.28 Optional Purchase of Delinquent Mortgage Loans.............. Section 3.29 Transfer of Servicing for Certain Mortgage Loans............
Compensating Interest. The Certificateholders shall be entitled to a full month's interest for each Loan for any month during which a Principal Prepayment or Curtailment is received on such Loan. Not later than the close of business on each Determination Date, with respect to each Loan for which a Principal Prepayment or Curtailment was received during the related Due Period, the Servicer shall remit to the Trustee for deposit in the Note Distribution Account from amounts otherwise payable to it as servicing compensation, an amount (such amount required to be delivered to the Trustee is referred to herein as "Compensating Interest") (as indicated in the Servicer's Certificate prepared pursuant to Section 7.07) equal to the difference between (a) 30 days' interest at the then weighted average Class Adjusted Loan Remittance Rate on the Principal Balance of each such Loan and (b) the amount of interest actually received on each such Loan for such Due Period as of the beginning of the Due Period applicable to the Remittance Date on which such amount will be distributed.