Common use of Advances for Amounts Collected by Servicer but Not Remitted Clause in Contracts

Advances for Amounts Collected by Servicer but Not Remitted. In the event that any Servicer fails to remit to the Master Custodial P & I Account on or before the Master Servicer Remittance Date, the full amount of the funds in the custody or under the control of the Servicer that the Servicer is required to remit under its Sales/Servicing Agreement, then the Master Servicer, upon and subject to the terms of this Article V, shall promptly advance and remit to the Master Custodial P & I Account an amount equal to the required remittance.

Advances for Amounts Collected by Servicer but Not Remitted. In the ----------------------------------------------------------- event that any Servicer fails to remit to the Master Custodial P & I Account on or before the Master Servicer Remittance Date, the full amount of the funds in the custody or under the control of the Servicer that the Servicer is required to remit under its Sales/Servicing Agreement, then the Master Servicer, upon and subject to the terms of this Article V, shall promptly advance and remit to the Master Custodial P & I Account an amount equal to the required remittance.

Advances for Amounts Collected by Servicer but Not Remitted. In the ----------------------------------------------------------- event that any Servicer fails to remit to the Master Custodial P & I Account on or before the Master Servicer Remittance Date, the full amount of the funds in the custody or under the control of the Servicer that the Servicer is required to remit under its Sales/Servicing Agreement, then the Master Servicer, upon and subject to the terms of this Article V, shall promptly advance and remit to the Master Custodial P & I Account an amount equal to the required remittance.

Advances for Amounts Collected by Servicer but Not Remitted. In ----------------------------------------------------------- the event that any Servicer fails to remit to the Master Custodial P & I Account on or before the Master Servicer Remittance Date, the full amount of the funds in the custody or under the control of the Servicer that the Servicer is required to remit under its Sales/Servicing Agreement, then the Master Servicer, upon and subject to the terms of this Article V, shall promptly advance and remit to the Master Custodial P & I Account an amount equal to the required remittance.