Adjustments; Modifications. (a) If on any day the Unpaid Balance of any Pool Receivable is reduced by the Servicer as a result of any incorrect xxxxxxxx, allowances, chargebacks, credits or any other reductions or cancellations, in each case that result from the acts or omissions of the Servicer, that are unrelated to the ability of the related Obligor to pay such Pool Receivable (each such reduction, a “Servicer Dilution Adjustment”), then the Servicer shall deposit the amount of such Servicer Dilution Adjustment in cash in the Collection Account and shall report such amount on the next Receivables Activity Report.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Domus Holdings Corp), Transfer and Servicing Agreement (Cendant Corp)
Adjustments; Modifications. (a) If on any day the Unpaid Balance of any Pool Receivable is reduced by the Servicer as a result of any incorrect xxxxxxxx, allowances, chargebacks, credits or any other reductions or cancellations, in each case that result from the acts or omissions of the Servicer, that are unrelated to the ability of the related Obligor to pay such Pool Receivable (each such reduction, a “Servicer Dilution Adjustment”), then the Servicer shall deposit the amount of such Servicer Dilution Adjustment in cash in the Collection Account and shall report such amount on the next Receivables Activity Report and Weekly Activity Report, if applicable.
Appears in 2 contracts
Samples: Purchase Agreement (Realogy Corp), Purchase Agreement (NRT Settlement Services of Missouri LLC)
Adjustments; Modifications. (a) If on any day the Unpaid Balance of any Pool Receivable is reduced by the Servicer as a result of any incorrect xxxxxxxx, allowances, chargebacks, credits or any other reductions or cancellations, in each case that result from the acts or omissions of the Servicer, that are unrelated to the ability of the related Obligor to pay such Pool Receivable (each such reduction, a “Servicer Dilution Adjustment”"SERVICER DILUTION ADJUSTMENT"), then the Servicer shall deposit the amount of such Servicer Dilution Adjustment in cash in the Collection Account and shall report such amount on the next Receivables Activity Report.
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