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Common use of Buydown Funds Clause in Contracts

Buydown Funds. The Servicer must distribute any Buydown Funds in each Custodial Buydown Account in accordance with the terms of the applicable Buydown Agreement.

Appears in 77 contracts

Sources: Servicing Agreement (Wells Fargo Asset Securities Corp), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar5 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-3 Trust)

Related Clauses

  • Administration of Buydown Funds
  • Custodial Accounts
  • Sub-Servicing Accounts
  • Subservicing Accounts
  • Master Servicer Collection Account

Parent Clauses

  • Collection and Servicing Practices
  • Miscellaneous Provisions
  • Amendments
  • General Servicing Considerations
  • Disclosure Requirement
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