Common use of Amounts Held for Future Distribution Clause in Contracts

Amounts Held for Future Distribution. To the extent permitted under the Eligible Servicing Agreement, the Seller’s right to remit amounts held for distribution to the related trustee or Investor in a future month on deposit in each Custodial Account, to the related trustee or Investor as part of the Seller’s monthly P&I Advances required under the related Eligible Servicing Agreement.

Appears in 2 contracts

Samples: New RMSR Agreement (Ocwen Financial Corp), New RMSR Agreement (New Residential Investment Corp.)

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Amounts Held for Future Distribution. To the extent permitted under the Eligible Servicing Agreement, the Seller’s Owner/Servicer's right to remit amounts held for distribution to the related trustee or Investor in a future month on deposit in each Custodial Account, to the related trustee or Investor as part of the Seller’s Owner/Servicer's monthly P&I Advances required under the related Eligible Servicing Agreement.

Appears in 2 contracts

Samples: Subservicing Agreement (Ocwen Financial Corp), Subservicing Agreement (New Residential Investment Corp.)

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Amounts Held for Future Distribution. To the extent permitted under the Eligible Servicing Agreement, the SellerOwner/Servicer’s right to remit amounts held for distribution to the related trustee or Investor in a future month on deposit in each Custodial Account, to the related trustee or Investor as part of the SellerOwner/Servicer’s monthly P&I Advances required under the related Eligible Servicing Agreement.

Appears in 2 contracts

Samples: Subservicing Agreement (Ocwen Financial Corp), Subservicing Agreement (New Residential Investment Corp.)

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