Common use of Month End Interest Clause in Contracts

Month End Interest. If so provided in the Pooling and Master Servicing Agreement, the Master Servicer shall pay and deposit into the Master Servicer Custodial Account, on or before each Master Servicer Remittance Date, an amount equal to Month End Interest attributable to any Mortgage Asset liquidated or prepaid in the preceding Prepayment Period, but only to the extent of its Master Servicing Compensation payable with respect to the Distribution Date related to such Master Servicer Remittance Date. Such payment will not be considered a Non- Recoverable Advance; and in case of such payment, the Master Servicer shall not be entitled to any recovery or reimbursement from the Trustee or the Securityholders, but may seek and obtain recovery from the Servicer that failed to make the payment through legal action or otherwise, to the extent provided in the related Servicing Agreement.