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 Master Servicer is then entitled to make hereunder, the Loss Mitigation Advisor shall be obligated to pay such amounts to the Master Servicer immediately upon demand. Such obligation shall constitute a general corporate obligation of the Loss Mitigation Advisor. The failure to pay such amounts within two Business Days of such demand (except for amounts to cover interest on a Mortgage Loan pursuant to Sections 2.02(d) and 2.03(b)), shall cause an immediate termination of the Loss Mitigation Advisor's right to make any Election to Delay Foreclosure or Election to Foreclose and the Master Servicer's obligations under this Agreement with respect to all Mortgage Loans to which such insufficiencies relate, without the necessity of any further notice or demand on the part of the Master 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 Master Servicer is then entitled to 251 make hereunder, the Loss Mitigation Advisor shall be obligated to pay such amounts to the Master Servicer immediately upon demand. Such obligation shall constitute a general corporate obligation of the Loss Mitigation Advisor. The failure to pay such amounts within two Business Days of such demand (except for amounts to cover interest on a Mortgage Loan pursuant to Sections 2.02(d) and 2.03(b)), shall cause an immediate termination of the Loss Mitigation Advisor's right to make any Election to Delay Foreclosure or Election to Foreclose and the Master Servicer's obligations under this Agreement with respect to all Mortgage Loans to which such insufficiencies relate, without the necessity of any further notice or demand on the part of the Master Servicer.