Prepayment Interest Shortfall. As to any Loan and Principal Prepayment, the amount by which one month's interest at the related Loan Rate (or such lower rate as may be in effect from a Loan because of the application of the Civil Relief Act) minus the rate at which the Servicing Fee is calculated on such Principal Prepayment exceeds the amount of interest paid by the Mortgagor in connection with such Principal Prepayment.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Mego Mortgage Corp), Pooling and Servicing Agreement (Mego Financial Corp)