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 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 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 Owner/Servicer's 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 Owner/Servicer's Seller’s monthly P&I Advances required under the related Eligible Servicing Agreement.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Ocwen Financial Corp), Assignment and Assumption Agreement (New Residential Investment Corp.)

Amounts Held for Future Distribution. To the extent permitted under the Eligible Servicing Agreement, the Owner/Servicer's ’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 Owner/Servicer's ’s monthly P&I Advances required under the related Eligible Servicing Agreement.

Appears in 1 contract

Samples: Subservicing Agreement (Ocwen Financial Corp)

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Amounts Held for Future Distribution. To the extent permitted under the Eligible Servicing Agreement, the Owner/Servicer's ’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 Schedule 7.11-1 as part of the Owner/Servicer's ’s monthly P&I Advances required under the related Eligible Servicing Agreement.

Appears in 1 contract

Samples: Subservicing Agreement (New Residential Investment Corp.)

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