Common use of Principal and Interest Advances by Interim Servicer Clause in Contracts

Principal and Interest Advances by Interim Servicer. On the Business Day immediately preceding the Remittance Date, the Interim Servicer shall deposit in the Custodial Account from its own funds an amount equal to all Monthly Payments (with interest adjusted to the Mortgage Loan Remittance Rate) which were due on the Mortgage Loans during the applicable Due Period and which were delinquent on the Business Day immediately preceding such Remittance Date or which were deferred pursuant to Section 4.01.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (GSAMP Trust 2006-He3), Pooling and Servicing Agreement (GSAMP Trust 2006-He3), Pooling and Servicing Agreement (Gsaa Home Equity Trust 2004-5)

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