Demand on FDIC Sample Clauses

Demand on FDIC. The Trustee's demand on the FDIC for payment of the -------------- Credit Draw Amount and the Expense Draw Amount may be made at any time in writing substantially in the form attached hereto as Exhibit A. The Trustee will make a Demand for Payment during a particular Claim Period only after first applying Residual Cash Flow available pursuant to Section 1.05 of the Pooling and Servicing Agreement. The Trustee will make a demand for Payment as soon as reasonably practicable following notice to the Trustee of the occurrence of a Realized Loss, a Limited Guaranty Draw Asset Reduction, an Extraordinary Expense or a Shortfall Reduction. The portion of any Credit Draw Amount in respect of a Realized Loss or Limited Guaranty Draw Asset Reduction incurred in a particular Due Period that is not paid on the P&I Advance Date in the month in which such Due Period ends will include accrued interest at a rate equal to the sum of (x) the Weighted Average Effective Net Mortgage Rate for the applicable Sub-Pool and the Distribution Date immediately following the P&I Advance Date on which such amount will be paid plus (y) 0.1765%.