Common use of Compensating Interest Payments Clause in Contracts

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers under the Servicing Agreements with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the related Servicers and (ii) the Master Servicer Compensation for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 27 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust, Series 2005-9), Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Alt a Tr 04 7), Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Alt a Tr 04 11)

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Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Distribution Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers under the Servicing Agreements with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the related Servicers and (ii) the Master Servicer Compensation for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 12 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-6), Pooling and Servicing Agreement (Bear Stearns Alt-a Trust 2006-8), Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-5)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers under the Servicing Agreements with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the related Servicers and (ii) the Master Servicer Compensation for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 11 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust, Series 2005-5), Pooling and Servicing Agreement (Bear Stearns Arm Trust, Mortgage Pass-Through Certificates, Series 2005-6), Servicing Agreement (Bear Stearns Arm Trust 2005-12)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers under the Servicing Agreements with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the related Servicers and (ii) the Master Servicer Servicing Compensation for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Inc Mort Pass THR Cert Ser 2002-2), Pooling and Servicing Agreement (Struct Ass Mort Inv Inc Bs Alta Mort Pas THR Cer Ser 2003 1), Pooling and Servicing Agreement (Structured Asset Mort Inv Inc Bear Stearns Arm Trust 2002-10)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Payment Account not later than each Distribution Payment Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the related Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Prepayment Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Servicing Compensation for such Distribution Payment Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Peoples Choice Home Loan Securities Corp), Sale and Servicing Agreement (Peoples Choice Home Loan Securities Trust Series 2005-2), Sale and Servicing Agreement (Peoples Choice Home Loan Securities Corp)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Distribution Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers under the Servicing Agreements with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the related Servicers and (ii) the Master Servicer Compensation for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Ii Trust 2005-Ar5), Recognition Agreement (Bear Stearns ALT-A Trust 2006-1), Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-6)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers under the related Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the related Servicers and (ii) the Master Servicer Compensation Servicing Fee for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Prime Mortgage Trust, Mortgage Pass-Through Certificates & Re-Remic Certificates, Series 2005-1), Pooling and Servicing Agreement (Prime Mortgage Trust, Mortgage Pass-Through Certificates, Series 2005-2), Pooling and Servicing Agreement (Prime Mortgage Trust, Mortgage Pass-Through Certificates & Re-Remic Certificates, Series 2005-1)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Payment Account not later than each Distribution Payment Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the MortgageIT Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Servicing Compensation for such Distribution Payment Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (MORTGAGEIT TRUST 2005-4, Mortgage-Backed Notes, Series 2005-4), Sale and Servicing Agreement (MortgageIT Trust 2005-5, Mortgage-Backed Notes, Series 2005-5), Sale and Servicing Agreement (MORTGAGEIT TRUST 2005-3, Mortgage-Backed Notes, Series 2005-3)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Compensation for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Arm Trust, Mortgage Pass-Through Certificates, Series 2004-4), Pooling and Servicing Agreement (Charlie Mac Trust 2004-1, Mortgage Pass-Through Certificates, Series 2004-1), Pooling and Servicing Agreement (Bear Stearns Arm Trust, Mortgage Pass-Through Certificates, Series 2004-11)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Payment Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Compensation for such Distribution Payment Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Structured Asset Mortgage Investments II Inc., HomeBanc Mortgage Trust 2004-2), Sale and Servicing Agreement (Merrill Lynch Mortgage Backed Securities Trust, Series 2007-2), Sale and Servicing Agreement (Homebanc Mortgage Trust 2004-1)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers under the Servicing Agreements with respect to subclauses (a) and subclause (b) of the definition of Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the related Servicers and (ii) the Master Servicer Servicing Compensation for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc), Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc), Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Distribution Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Compensation for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (MortgageIT Trust 2005-Ar1), Pooling and Servicing Agreement (MortgageIT Trust 2005-Ar1), Pooling and Servicing Agreement (MortgageIT Trust 2005-Ar1)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Compensation for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2005-10), Pooling and Servicing Agreement (Bankunited Trust 2005-1, Mortgage Pass-Through Certificates, Series 2005-1), Pooling and Servicing Agreement (Bankunited Trust 2005-1, Mortgage Pass-Through Certificates, Series 2005-1)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Payment Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the Xxxxx Fargo Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Servicing Compensation for such Distribution Payment Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 3 contracts

Samples: Mortgage Loan Purchase Agreement (Bear Stearns ARM Trust 2006-1), Mortgage Loan Purchase Agreement (Bear Stearns Asset Backed Securities I LLC), Mortgage Loan Purchase Agreement (Bear Stearns ARM Trust 2006-1)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers under the Servicing Agreements with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the related Servicers and (ii) the Master Servicer Servicing Compensation for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc), Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Certificate Account not later than each the Advancing Date immediately preceding the related Distribution Account Deposit Date an amount equal to the lesser of of: (i) the sum of the aggregate amounts required to be paid by the Servicers under the Servicing Agreements with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans resulting from Voluntary Principal Prepayments in full for the related Distribution Date, and not so paid by the related Servicers Date and (ii) the lesser of (A) the Master Servicer Compensation Servicing Fee for such Distribution Date or (B) [ ] of [ ]% of the Scheduled Principal Balances of the Mortgage Loans with respect to such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Gs Mortgage Securities Corp), Pooling and Servicing Agreement (Gs Mortgage Securities Corp)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers under the Servicing Agreements with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the related Servicers and (ii) the Master Servicer Compensation Servicing Fee for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc), Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Payment Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers under the related Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Servicing Compensation for such Distribution Payment Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2005-2), Sale and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2005-A9)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Payment Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers under the related Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Servicing Compensation for such Distribution Payment Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 2 contracts

Samples: Mortgage Loan Purchase Agreement (Bear Stearns ARM Trust 2005-7), Sale and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2005-2)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Payment Account not later than each Distribution Payment Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers related Servicer under the related Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Servicing Compensation for such Distribution Payment Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 2 contracts

Samples: Assignment, Assumption and Recognition Agreement (Bear Stearns ARM Trust 2007-2), Sale and Servicing Agreement (Alesco Financial Inc)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Payment Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Compensation for such Distribution Payment Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Homebanc Corp), Mortgage Loan Purchase Agreement (Homebanc Corp)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers under the related Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the related Servicers and (ii) the Master Servicer Compensation Servicing Fee for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Prime Mortgage Trust 2005-4), Pooling and Servicing Agreement (Prime Mortgage Trust 2005-4)

Compensating Interest Payments. The Master Servicer shall ------------------------------ deposit in the Master Servicer Collection Certificate Account not later than each the Advancing Date immediately preceding the related Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers under the Servicing Agreements with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans resulting from Voluntary Principal Prepayments in full for the related Distribution Date, and not so paid by the related Servicers Date and (ii) the lesser of (A) the Master Servicer Compensation Servicing Fee for such Distribution Date or (B) 1/12 of 0.125% of the Scheduled Principal Balances of the Mortgage Loans with respect to such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Icifc Secured Assets Corp), Pooling and Servicing Agreement (Icifc Secured Assets Corp)

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Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers under the Servicing Agreements with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the related Servicers and (ii) the Master Servicer Compensation for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.. 100

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2004-12)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Payment Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the Wxxxx Fargo Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Servicing Compensation for such Distribution Payment Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-9)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Compensation Servicing Fee for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prime Mortgage Trust 2004-2)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Payment Account not later than each Distribution Payment Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers under the related Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Servicing Compensation for such Distribution Payment Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Luminent Mortgage Trust 2005-1)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Payment Account Deposit Date an amount equal to the lesser of or (i) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the Xxxxx Fargo Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Servicing Compensation for such Distribution Payment Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 1 contract

Samples: Servicing Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-2)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Distribution Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers under the Servicing Agreements with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the related Servicers and (ii) the Master Servicer Compensation Servicing Fee for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2007-3)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Distribution Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (ia) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Prepayment Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Servicing Compensation for such Distribution Payment Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Peoples Choice Home Loan Securities Corp)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Payment Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the AHM Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Aggregate Master Servicer Compensation for such Distribution Payment Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Structured Asset Mort Inv Inc Mort Back NTS Ser 2003-1)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Payment Account not later than each Distribution Payment Account Deposit Date an amount equal to the lesser of or (i) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the MortgageIT Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Servicing Compensation for such Distribution Payment Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 1 contract

Samples: Sale and Servicing Agreement (MORTGAGEIT TRUST 2005-1, Mortgage-Backed Notes, Series 2005-1)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Payment Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the Xxxxx Fargo Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Servicing Compensation for such Distribution Payment Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 1 contract

Samples: Servicing Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-2)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Distribution Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (ia) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Prepayment Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Servicing Compensation for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (People's Financial Realty Mortgage Securities 2006-1)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Compensation Servicing Fee for such Distribution Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prime Mortgage Trust, Mortgage Pass-Through Certificates, Series 2005-3)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Payment Account not later than each Distribution Payment Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Compensation Servicing Fee for such Distribution Payment Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 1 contract

Samples: Sale and Servicing Agreement (MortgageIT Trust 2004-1)

Compensating Interest Payments. The Master Servicer shall deposit in the Master Servicer Collection Payment Account not later than each Distribution Payment Account Deposit Date an amount equal to the lesser of (i) the sum of the aggregate amounts required to be paid by the Servicers Servicer under the MortgageIT Servicing Agreements Agreement with respect to subclauses (a) and (b) of the definition of Interest Shortfall Shortfalls with respect to the Mortgage Loans for the related Distribution DatePrepayment Period, and not so paid by the related Servicers Servicer and (ii) the Master Servicer Compensation Servicing Fee for such Distribution Payment Date (such amount, the "Compensating Interest Payment"). The Master Servicer shall not be entitled to any reimbursement of any Compensating Interest Payment.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Mortgageit Trust 2004-2, Mortgage-Backed Notes, Series 2004-2)

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