Common use of Application of Funds Received Clause in Contracts

Application of Funds Received. It is anticipated that the Master Servicer will be collecting all payments with respect to the Mortgage Loans, any Serviced Companion Loan and any B Note (other than payments with respect to REO Income). If, however, the Special Servicer should receive any payments with respect to any Mortgage Loan (other than REO Income) it shall, within one (1) Business Day of receipt from the Mortgagor or otherwise of any amounts attributable to payments with respect to or the sale of any Mortgage Loan or any Specially Serviced Mortgage Loan, if any (but not including REO Income, which shall be deposited in the applicable REO Account as provided in Section 9.14 hereof) remit such payment or other amounts (endorsed, if applicable, to the order of the Master Servicer), to the Master Servicer for deposit into the Collection Account. The Special Servicer shall notify the Master Servicer of each such amount received on or before the date required for the making of such deposit or transfer, as the case may be, indicating the Mortgage Loan or Specially Serviced Mortgage Loan to which the amount is to be applied and the type of payment made by or on behalf of the related Mortgagor.

Application of Funds Received. It is anticipated that the Master Servicer Servicers will be collecting all payments with respect to the Mortgage Loans, any Serviced Companion Loan and any B Note Loans (other than payments with respect to REO Income). If, however, the a Special Servicer should receive any payments with respect to any Mortgage Loan (other than REO Income) ), it shall, within one (1) two Business Day Days of receipt from the Mortgagor or otherwise of any amounts attributable to payments with respect to or the sale of any Mortgage Loan or any Specially Serviced Mortgage Loan, if any (but not including REO Income, which shall be deposited in the applicable REO Account as provided in Section 9.14 hereof) remit ), forward such payment or other amounts (endorsed, if applicable, to the order of the applicable Master Servicer), ) to the applicable Master Servicer for deposit into the Collection AccountServicer. The Such Special Servicer shall notify the applicable Master Servicer of each such amount received on or before the date required for the making of such deposit or transfer, as the case may be, indicating the Mortgage Loan or Specially Serviced Mortgage Loan to which the amount is to be applied and the type of payment made by or on behalf of the related Mortgagor.

Application of Funds Received. It is anticipated that the Master Servicer Servicers will be collecting all payments with respect to the Mortgage Loans, any Loans and the Serviced Companion Loan and any B Note Loans (other than payments with respect to REO Income). If, however, the a Special Servicer should receive any payments with respect to any Mortgage Loan (other than REO Income) ), it shall, within one (1) two Business Day Days of receipt from the Mortgagor or otherwise of any amounts attributable to payments with respect to or the sale of any Mortgage Loan or any Specially Serviced Mortgage Loan, if any (but not including REO Income, which shall be deposited in the applicable REO Account as provided in Section 9.14 hereof) remit ), forward such payment or other amounts (endorsed, if applicable, to the order of the applicable Master Servicer), ) to the applicable Master Servicer for deposit into the Collection AccountServicer. The applicable Special Servicer shall notify the applicable Master Servicer of each such amount received on or before the date required for the making of such deposit or transfer, as the case may be, indicating the Mortgage Loan or Specially Serviced Mortgage Loan to which the amount is to be applied and the type of payment made by or on behalf of the related Mortgagor.

Application of Funds Received. It is anticipated that the Master Servicer Servicers will be collecting all payments with respect to the Mortgage Loans, any Loans and the Serviced Companion Loan and any B Note Loans (other than payments with respect to REO Income). If, however, the a Special Servicer should receive any payments with respect to any Mortgage Loan (other than REO Income) ), it shall, within one (1) two Business Day Days of receipt from the Mortgagor or otherwise of any amounts attributable to payments with respect to or the sale of any Mortgage Loan or any Specially Serviced Mortgage Loan, if any (but not including REO Income, which shall be deposited in the applicable REO Account as provided in Section 9.14 hereof) remit ), forward such payment or other amounts (endorsed, if applicable, to the order of the applicable Master Servicer), ) to the applicable Master Servicer for deposit into the Collection AccountServicer. The Such Special Servicer shall notify the applicable Master Servicer of each such amount received on or before the date required for the making of such deposit or transfer, as the case may be, indicating the Mortgage Loan or Specially Serviced Mortgage Loan to which the amount is to be applied and the type of payment made by or on behalf of the related Mortgagor.

Application of Funds Received. It is anticipated that the Master Servicer will be collecting all payments with respect to the Mortgage Loans, any Serviced Companion Loan and any B Note Loans (other than payments with respect to REO Income). If, however, the Special Servicer should receive any payments with respect to any Mortgage Loan (other than REO Income) ), it shall, within one (1) two Business Day Days of receipt from the Mortgagor or otherwise of any amounts attributable to payments with respect to or the sale of any Mortgage Loan or any Specially Serviced Mortgage Loan, if any (but not including REO Income, which shall be deposited in the applicable REO Account as provided in Section 9.14 hereof) remit ), forward such payment or other amounts (endorsed, if applicable, to the order of the Master Servicer), ) to the Master Servicer for deposit into the Collection AccountServicer. The Special Servicer shall notify the Master Servicer of each such amount received on or before the date required for the making of such deposit or transfer, as the case may be, indicating the Mortgage Loan or Specially Serviced Mortgage Loan to which the amount is to be applied and the type of payment made by or on behalf of the related Mortgagor.