Excess Liquidation Proceeds. To the extent not required by law to be paid to the related Mortgagor, the excess, if any, of any Liquidation Proceeds with respect to a Mortgage Loan over the Stated Principal Balance of such Mortgage Loan and accrued and unpaid interest at the related Mortgage Rate through the last day of the month in which the Mortgage Loan has been liquidated.
Appears in 36 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-St1), Pooling and Servicing Agreement (Saco I Trust, 2005-Wm1), Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Ac1)
Excess Liquidation Proceeds. To the extent not required by law to be paid to the related Mortgagor, the excess, if any, of any Liquidation Proceeds with respect to a Mortgage Loan over the Stated Scheduled Principal Balance of such Mortgage Loan and accrued and unpaid interest at the related Mortgage Rate through the last day of the month in which the Mortgage Loan has been liquidated.
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Excess Liquidation Proceeds. To the extent that such amount is not required by law to be paid to the related Mortgagor, the excessamount, if any, of any by which Liquidation Proceeds with respect to a Liquidated Mortgage Loan over exceed the Stated sum of (i) the Outstanding Principal Balance of such Mortgage Loan and accrued and but unpaid interest at the related Mortgage Interest Rate through the last day of the month in which the Mortgage Loan has been liquidatedrelated Liquidation Date occurs, plus (ii) related Liquidation Expenses.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Alt a Tr 05 3)
Excess Liquidation Proceeds. To the extent not required by law to be paid to the related Mortgagor, the excess, if any, of any Liquidation Proceeds with respect to a Mortgage Loan over the Stated Principal Balance of such Mortgage Loan and accrued and unpaid interest at the related Mortgage Rate through the last day of the month in which the Mortgage Loan has been liquidated. Exemption: Prohibited Transaction Exemption 93-32, as amended from time to time.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ACE Securities Corp Home Equity Trust 2005-He3)
