Common use of Collateral Shortfalls Clause in Contracts

Collateral Shortfalls. In the event that amounts on deposit in the Collateral Fund at any time are insufficient to cover any withdrawals therefrom that the Servicer is then entitled to make hereunder, the Purchaser shall be obligated to pay such amounts to the Servicer immediately upon demand. Such obligation shall constitute a general corporate obligation of the Purchaser. The failure to pay such amounts within two Business Days of such demand (except for amounts to cover interest on a Home Equity Loan pursuant to Sections 2.02(d) and 2.03 (b)), shall cause an immediate termination of the Purchaser's right to make any Election to Delay Foreclosure or Election to Foreclose and the Servicer's obligations under this Agreement with respect to all Home Equity Loans to which such insufficiencies relate, without the necessity of any further notice or demand on the part of the Servicer.

Collateral Shortfalls. In the event that amounts on deposit in the Collateral Fund at any time are insufficient to cover any withdrawals therefrom that the Servicer Company is then entitled to make hereunder, the Purchaser shall be obligated to pay such amounts to the Servicer Company immediately upon demand. Such obligation shall constitute a general corporate obligation of the Purchaser. The failure to pay such amounts within two Business business Days of such demand (except for amounts to cover interest on a Home Equity Mortgage Loan pursuant to Sections 2.02(d) and 2.03 (b2.03(b)), shall cause an immediate termination of the Purchaser's right to make any Election to Delay Foreclosure or Election to Foreclose and the ServicerCompany's obligations under this Agreement with respect to all Home Equity Mortgage Loans to which such insufficiencies relate, without the necessity of any further notice or demand on the part of the Servicer.Company. 135

Collateral Shortfalls. In the event that amounts on deposit in the Collateral Fund at any time are insufficient to cover any withdrawals therefrom that the Servicer Company is then entitled to make hereunder, the Purchaser shall be obligated to pay such amounts to the Servicer Company immediately upon demand. Such obligation shall constitute a general corporate obligation of the Purchaser. The failure to pay such amounts within two Business Days of such demand (except for amounts to cover interest on a Home Equity Mortgage Loan pursuant to Sections 2.02(d) and 2.03 (b2.03(b)), shall cause an immediate termination of the Purchaser's right to make any Election to Delay Foreclosure or Election to Foreclose and the ServicerCompany's obligations under this Agreement with respect to all Home Equity Mortgage Loans to which such insufficiencies relate, without the necessity of any further notice or demand on the part of the ServicerCompany.

Collateral Shortfalls. In the event that amounts on deposit in the Collateral Fund at any time are insufficient to cover any withdrawals therefrom that the Servicer Company is then entitled to make hereunder, the Purchaser shall be obligated to pay such amounts to the Servicer Company immediately upon demand. Such obligation shall constitute a general corporate obligation of the Purchaser. The failure to pay such amounts within two Business Days of such demand (except for amounts to cover interest on a Home Equity Mortgage Loan pursuant to Sections 2.02(d) and 2.03 (b2.03(b)), shall cause an immediate termination of the Purchaser's ’s right to make any Election to Delay Foreclosure or Election to Foreclose and the Servicer's Company’s obligations under this Agreement with respect to all Home Equity Mortgage Loans to which such insufficiencies relate, without the necessity of any further notice or demand on the part of the ServicerCompany.

Collateral Shortfalls. In the event that amounts on deposit in the a Collateral Fund at any time are insufficient to cover any withdrawals therefrom that the related Servicer is then entitled to make hereunder, the Purchaser shall be obligated to pay such amounts to the such Servicer immediately upon demand. Such obligation shall constitute a general corporate obligation of the Purchaser. The failure to pay such amounts within two Business Days of such demand (except for amounts to cover interest on a Home Equity Mortgage Loan pursuant to Sections 2.02(d) and 2.03 (b)), shall cause an immediate termination of the Purchaser's Purchasers right to make any Election to Delay Foreclosure or Election to Foreclose and the Servicer's such Servicers obligations under this Agreement with respect to all Home Equity Mortgage Loans to which such insufficiencies relate, without the necessity of any further notice or demand on the part of the such Servicer.

Collateral Shortfalls. In the event that amounts on deposit in the Collateral Fund at any time are insufficient to cover any withdrawals therefrom that the Servicer Company is then entitled to make hereunder, the Purchaser shall be obligated to pay such amounts to the Servicer Company immediately upon demand. Such obligation shall constitute a general corporate obligation of the Purchaser. The failure to pay such amounts within two Business Days of such demand (except for amounts to cover interest on a Home Equity Mortgage Loan pursuant to Sections 2.02(d) and 2.03 (b)), ) shall cause an immediate termination of the Purchaser's right to make any Election to Delay Foreclosure or Election to Foreclose and the ServicerCompany's obligations under this Agreement with respect to all Home Equity Mortgage Loans to which such insufficiencies relate, without the necessity of any further notice or demand on the part of the ServicerCompany.