Interest Calculations. All calculations of interest hereunder that are made in respect of the Stated Principal Balance of a Mortgage Loan shall be made on the basis of a 360-day year consisting of twelve 30-day months, notwithstanding the terms of the related Mortgage Note and Mortgage.
Appears in 96 contracts
Samples: Sale and Servicing Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC), Sale and Servicing Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC), Sale and Servicing Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC)
Interest Calculations. All calculations of interest hereunder that are made in respect of the Stated Principal Balance of a Mortgage Loan shall be made on the basis of a 360-360 day year consisting of twelve 30-30 day months, notwithstanding the terms of the related Mortgage Note and Mortgage.
Appears in 15 contracts
Samples: Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2007-5), Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2006-2), Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2007-4)
Interest Calculations. All calculations of interest hereunder that are made in respect of the Stated Principal Balance of a Mortgage Loan shall be made on the basis of a 360-day year consisting of twelve 30-day months, notwithstanding the terms of the related Mortgage Note and Mortgage.
Appears in 11 contracts
Samples: Wells Fargo (Renaissance Home Equity Loan Trust 2007-1), Servicing Agreement (Renaissance Home Equity Loan Trust 2006-3), Servicing Agreement (Renaissance Home Equity Loan Trust 2007-2)
Interest Calculations. All calculations of interest hereunder that are made in respect of the Stated Principal Balance of a Mortgage Loan Contract shall be made on the basis of a 360-day year consisting of twelve 30-day months, notwithstanding the terms of the related Contract or Mortgage Note and Mortgage.
Appears in 6 contracts
Samples: Servicing Agreement (Origen Residential Securities, Inc.), Servicing Agreement (Origen Residential Securities, Inc.), Servicing Agreement (Origen Manufactured Housing Contract Trust 2004-B)
Interest Calculations. All Calculations of interest hereunder, including, without limitation, calculations of interest hereunder that at the Coupon Rate, which are made in respect of the Stated Principal Loan Balance of a Mortgage Loan shall be made on the a daily basis of using either (i) a 360-day year consisting comprised of twelve 30-day months, notwithstanding the terms of the related Mortgage Note and Mortgage.months or (ii) a 360-day year and
Appears in 4 contracts
Samples: Master Loan Transfer Agreement (Advanta Mortgage Loan Trust 1998-3), Master Loan Transfer Agreement (Advanta Mortgage Loan Trust 1998-2), Master Loan Transfer Agreement (Advanta Mortgage Loan Trust 1998-1)
Interest Calculations. All calculations of interest hereunder that hereunder, including, without limitation, calculations of interest at the Coupon Rate, which are made in respect of the Stated Principal Loan Balance of a Mortgage Loan shall be made on the a daily basis of using a 360-day year consisting comprised of twelve 30-day months, notwithstanding the terms of the related Mortgage Note and Mortgage.
Appears in 3 contracts
Samples: Master Loan Transfer Agreement (Advanta Mortgage Loan Trust 1997-1), Master Loan Transfer Agreement (Advanta Mortgage Loan Trust 1996-3), Master Loan Transfer Agreement (Advanta Mortgage Loan Trust 1996-4)
Interest Calculations. All Calculations of interest hereunder, including, without limitation, calculations of interest hereunder that at the Coupon Rate, which are made in respect of the Stated Principal Loan Balance of a Mortgage Loan shall be made on the a daily basis of using either (i) a 360-day year consisting comprised of twelve 30-day monthsmonths or (ii) a 360-day year and the actual number of days elapsed in the applicable interest period, notwithstanding the terms of as required by the related Mortgage Note and MortgageNote.
Appears in 3 contracts
Samples: Master Loan Transfer Agreement (Advanta Mortgage Conduit Services Inc), Master Loan Transfer Agreement (Advanta Mortgage Loan Trust 1997-3), Master Loan Transfer Agreement (Advanta Mortgage Loan Trust 1997-2)
Interest Calculations. All calculations of interest hereunder that hereunder, including, without limitation, calculations of interest at the Coupon Rate, which are made in respect of the Stated Principal Loan Balance of a Mortgage Loan shall be made on the basis of a 360-day year consisting comprised of twelve 30-day months, notwithstanding the terms of the related Mortgage Note and Mortgage.
Appears in 2 contracts
Samples: Mortgage Loan Purchase and Sale Agreement (First Alliance Corp /De/), Mortgage Loan Purchase and Sale Agreement (First Alliance Corp /De/)
Interest Calculations. All calculations of interest hereunder that are made in respect of the Stated Principal Balance of a Mortgage Loan shall be made on the basis of a 360-day year consisting of twelve 30-day months, notwithstanding the terms of the related Mortgage Note and Mortgage.
Appears in 2 contracts
Samples: Servicing Agreement (Imh Assets Corp), Servicing Agreement (Imh Assets Corp Collateralized Asset Backed Bonds Ser 2000 1)
Interest Calculations. All calculations of interest hereunder that are made in respect of the Stated Principal Balance of a Mortgage Loan an Asset shall be made on the basis of a 360-day year consisting of twelve 30-day months, notwithstanding the terms of the related Contract or Mortgage Note and Mortgage.
Appears in 1 contract
Samples: Servicing Agreement (Origen Residential Securities, Inc.)
Interest Calculations. All calculations of interest hereunder that are made in respect of the Stated Principal Balance of a Mortgage Loan shall be made on the basis of a 360-day year consisting of twelve 30-day months, notwithstanding the terms of the related Mortgage Note and Mortgage.. -3-
Appears in 1 contract
Samples: Servicing Agreement (Encore Credit Receivables Trust 2005-1)
