Compensating Interest Payments. The Servicer shall deposit in the Collection Account not later than the Servicer Remittance Date preceding the Distribution Date an amount equal to the Compensating Interest related to the related Determination Date. The Servicer shall not be entitled to any reimbursement of any Compensating Interest payment.
Appears in 36 contracts
Samples: Pooling and Servicing Agreement (NovaStar Certificates Financing CORP), Pooling and Servicing Agreement (NovaStar Certificates Financing CORP), Pooling and Servicing Agreement (NovaStar Certificates Financing LLC)
Compensating Interest Payments. The Servicer shall deposit in the Collection Account not later than the Servicer Remittance Date preceding the Distribution Payment Date an amount equal to the Compensating Interest related to for the related Determination Date. The Servicer shall not be entitled to any reimbursement of any Compensating Interest payment.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (NovaStar Certificates Financing CORP), Sale and Servicing Agreement (NovaStar Mortgage Funding Trust, Series 2006-1), Sale and Servicing Agreement (NovaStar Certificates Financing CORP)
