Common use of Scheduled Payment Clause in Contracts

Scheduled Payment. The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified in the related Purchase and Servicing Agreement, Purchase Agreement or Servicing Agreement, as applicable, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on such Mortgage Loan.

Appears in 14 contracts

Sources: Pooling and Servicing Agreement (J.P. Morgan Mortgage Trust 2007-S1), Pooling and Servicing Agreement (J.P. Morgan Mortgage Trust 2006-S2), Pooling and Servicing Agreement (J.P. Morgan Mortgage Trust 2006-A1)

Scheduled Payment. The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified in the related Purchase and Servicing Agreement, Purchase Agreement or Servicing Agreement, as applicableherein, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on such Mortgage Loan.

Appears in 4 contracts

Sources: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ff5), Pooling and Servicing Agreement (Hasco 2006-Opt-4), Pooling and Servicing Agreement (HSI Asset Securitization CORP Trust 2006-Wmc1)

Scheduled Payment. The scheduled monthly payment on a Mortgage Loan due on any Due Date the first day of the month allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified in the related Purchase and Servicing Agreement, Purchase Agreement or Servicing Agreement, as applicableherein, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on such Mortgage Loan.

Appears in 3 contracts

Sources: Mortgage Loan Purchase Agreement (First Horizon Asset Securities Inc), Mortgage Loan Purchase Agreement (First Horizon Asset Securities Inc), Mortgage Loan Purchase Agreement (First Horizon Asset Securities Inc)

Scheduled Payment. The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified in the related Purchase and Servicing Agreement, Purchase Agreement or Servicing Agreement, as applicable, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on such Mortgage Loan.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (J P Morgan Acceptance Corp I)