Common use of Advances by the Master Servicer Clause in Contracts

Advances by the Master Servicer. (a) Not later than the close of business three Business Days prior to each Distribution Date (a "Master Servicer Remittance Date"), the Master Servicer shall remit to the Trustee for deposit in the Distribution Account an amount to be distributed on such Distribution Date pursuant to Section 5.01, equal to the interest accrued on each Mortgage Loan up to the related Due Date for such Mortgage Loan in the preceding Due Period, but not received as of the close of business on the day preceding the related Determination Date (net of the Master Servicing Fee); such amount being defined herein as the "Monthly Advance". Such deposit of the Monthly Advance to the Distribution Account may be made in whole or in part from funds in the Collection Account being held for future distribution or withdrawal on or in connection with Distribution Dates in subsequent months. Any funds being held for future distribution to Certificateholders and so used shall be replaced by the Master Servicer from its own funds by deposit in the related Distribution Account on or before the Business Day preceding the next succeeding Master Servicer Remittance Date to the extent that such amounts have not been remitted to the Collection Account since such Monthly Advances were made. With respect to any Balloon Loan that is delinquent on its maturity date, the Master Servicer will continue to make Monthly Advances with respect to such Balloon Loan in an amount equal to one month's interest on the unpaid principal balance at the applicable Loan Rate (net of the Master Servicing Fee). The obligation to make Monthly Advances with respect to each Mortgage Loan shall continue until such Mortgage Loan becomes a Liquidated Mortgage Loan. (b) Notwithstanding anything herein to the contrary, no Servicing Advance or Monthly Advance (including, without limitation, Servicing Advances and Monthly Advances with respect to Balloon Loans) shall be required to be made hereunder if the Master Servicer determines, and provides the Trustee with a Servicing Certificate to the effect, that such Servicing Advance or Monthly Advance would, if made, constitute a Nonrecoverable Advance.

Advances by the Master Servicer. Distribution Reports to -------------------------------------------------------- the Trustee. ------------ (a) Not later than To the close of business three Business Days prior to each Distribution Date (a "Master Servicer Remittance Date")extent described below, the Master Servicer shall remit is obligated to advance its own funds to the Trustee for deposit Certificate Account to cover any shortfall between (i) payments scheduled to be received in respect of Mortgage Loans, and (ii) the amounts actually deposited in the Distribution Certificate Account an amount on account of such payments. The Master Servicer's obligation to be distributed on such Distribution Date pursuant to make any advance or advances described in this Section 5.01, equal 4.02 is effective only to the interest accrued extent that such advance is, in the good faith judgment of the Master Servicer made on each or before the Business Day immediately following the Withdrawal Date, reimbursable from Insurance Proceeds or Liquidation Proceeds of the related Mortgage Loan up Loans or recoverable as late Monthly Payments with respect to the related Due Date for such Mortgage Loan in the preceding Due Period, but not received as of Loans or otherwise. Prior to the close of business on the day preceding Business Day immediately following each Withdrawal Date, the related Determination Master Servicer shall determine whether or not it will make a Monthly P&I Advance on the Business Day prior to the next succeeding Distribution Date (net in the event that the applicable Servicer fails to make such advances) and shall furnish a statement to the Trustee, the Paying Agent, if any, and to any Certificateholder requesting the same, setting forth the aggregate amount to be distributed on the next succeeding Distribution Date on account of principal and interest in respect of the Mortgage Loans, stated separately. In the event that full scheduled amounts of principal and interest in respect of the Mortgage Loans shall not have been received by or on behalf of the Master Servicing Fee); Servicer prior to such amount being defined herein as Determination Date and the "Master Servicer shall have determined that a Monthly Advance". Such deposit of the Monthly P&I Advance to the Distribution Account may shall be made in whole or accordance with this Section 4.02, the Master Servicer shall so specify and shall specify the aggregate amount of such advance. In the event that the Master Servicer shall be required to make a Monthly P&I Advance, it shall on the Business Day prior to the related Distribution Date either (i) deposit in part from the Certificate Account an amount equal to such Monthly P&I Advance, (ii) make an appropriate entry in the records of the Certificate Account that funds in the Collection Account such account being held for future distribution or withdrawal on have been, as permitted by this Section 4.02, used by the Master Servicer to make such Monthly P&I Advance, or (iii) make advances in connection with Distribution Dates in subsequent monthsthe form of any combination of (i) and (ii) aggregating the amount of such Monthly P&I Advance. Any funds being held for future distribution to Certificateholders and so used shall be replaced by the Master Servicer from its own funds by deposit in the related Distribution Certificate Account on or before the Business Day immediately preceding the next succeeding Master Servicer Remittance any future Distribution Date to the extent that funds in the Certificate Account on such amounts have not been remitted Distribution Date with respect to the Collection Account since Mortgage Loans shall be less than payments to Certificateholders required to be made on such Monthly Advances were made. With date with respect to any Balloon Loan that is delinquent on its maturity datethe Mortgage Loans. Under each Selling and Servicing Contract, the Master Servicer will continue is entitled to make Monthly Advances with respect to such Balloon Loan in an amount equal to one month's interest on receive from the unpaid principal balance at Custodial Accounts for P&I established by the Servicers amounts received by the applicable Loan Rate (net Servicers on particular Mortgage Loans as late payments of principal and interest or as Liquidation or Insurance Proceeds and respecting which the Master Servicing Fee)Servicer has made an unreimbursed advance of principal and interest. The obligation Master Servicer is also entitled to make receive other amounts from the related Custodial Accounts for P&I established by the Servicers to reimburse itself for prior Nonrecoverable Advances respecting Mortgage Loans serviced by such Servicers. The Master Servicer shall deposit these amounts in the Investment Account prior to withdrawal pursuant to Section 3.05. In accordance with Section 3.05, Monthly P&I Advances with respect are reimbursable to each Mortgage Loan the Master Servicer from cash in the Investment Account or the Certificate Account to the extent that the Master Servicer shall continue until determine that any such Mortgage Loan becomes a Liquidated Mortgage Loanadvances previously made are Nonrecoverable Advances pursuant to Section 4.03. (b) Notwithstanding anything herein Prior to the contraryNoon New York City time two Business Days prior to each Distribution Date, no Servicing Advance or Monthly Advance (including, without limitation, Servicing Advances and Monthly Advances with respect to Balloon Loans) shall be required to be made hereunder if the Master Servicer determines, and provides shall provide the Trustee with a Servicing Certificate to statement in writing regarding the effect, that such Servicing Advance or Monthly Advance wouldamounts, if madeany, constitute a Nonrecoverable Advanceto be withdrawn from the Reserve Fund pursuant to Section 3.17 and from the Class I-A-14 Rounding Account pursuant to Section 3.21, the amounts to be applied to repay any funds withdrawn from the Class I-A-14 Rounding Account on prior Distribution Dates pursuant to Section 3.21, and the amount of principal and interest, the Residual Distribution Amount and the Excess Liquidation Proceeds to be distributed to each Class of REMIC I Regular Interests and each Class of Certificates on such Distribution Date (such amounts to be determined in accordance with the definitions of "REMIC I Distribution Amount" and "REMIC II Distribution Amount," Section 4.01 and Section 4.04 hereof and other related definitions set forth in Article I hereof).

Advances by the Master Servicer. (a) Not later than the ------------------------------- close of business three Business Days prior to each Distribution Date (a "Master Servicer Remittance Date"), the Master Servicer shall remit to the Trustee for deposit in the Distribution Account an amount to be distributed on such Distribution Date pursuant to Section 5.01, equal to the interest accrued on each Mortgage Loan up to through the related Due Date for such Mortgage Loan in the preceding Due PeriodDate, but not received as of the close of business on the day preceding the related Determination Date (net of the Master Servicing Fee); such amount being defined herein as the "Monthly Advance". Such deposit of the Monthly Advance to the Distribution Account may be made in whole or in part from funds in the Collection Account being held for future distribution or withdrawal on or in connection with Distribution Dates in subsequent months. Any funds being held for future distribution to Certificateholders and so used shall be replaced by the Master Servicer from its own funds by deposit in the related Distribution Account on or before the Business Day preceding the next succeeding Master Servicer Remittance Date to the extent that such amounts have not been remitted to the Collection Account since such Monthly Advances were made. With respect to any Balloon Loan that is delinquent on its maturity date, the Master Servicer will continue to make Monthly Advances with respect to such Balloon Loan in an amount equal to one month's interest on the unpaid principal balance at the applicable Loan Rate (net of the Master Servicing Fee). The obligation to make Monthly Advances with respect to each Mortgage Loan shall continue until such Mortgage Loan becomes a Liquidated Mortgage Loan. (b) Notwithstanding anything herein to the contrary, no Servicing Advance or Monthly Advance (including, without limitation, Servicing Advances and Monthly Advances with respect to Balloon Loans) shall be required to be made hereunder if the Master Servicer determines, and provides the Trustee with a Servicing Certificate to the effect, that such Servicing Advance or Monthly Advance would, if made, constitute a Nonrecoverable Advance.