Aurora Termination Payments. On each Business Day, subject to the terms and conditions of the Current Spread Custodial Account Control Agreement, Seller (or, after the delivery of an access termination notice pursuant to the Current Spread Custodial Account Control Agreement, Purchaser) will direct the Bank to apply any Aurora Termination Payments deposited into the Third Party Controlled Current Spread Custodial Account on a pro rata basis (a) to Seller, an amount equal to the product of (i) the amount of such Aurora Termination Payments and (ii) the Retained Servicing Spread Percentage, and (b) to Purchaser, an amount equal to the product of (i) the amount of such Aurora Termination Payments and (ii) the Current Excess Servicing Spread Percentage.
Appears in 4 contracts
Samples: Current Excess Servicing Spread Acquisition Agreement (Nationstar Mortgage Holdings Inc.), Acquisition Agreement (Newcastle Investment Corp), Spread Acquisition Agreement (Newcastle Investment Corp)
