Collection and Funding Account. The segregated trust account or accounts, each of which shall be an Eligible Account, established and maintained pursuant to Section 4.1 and Section 4.7 and entitled “Xxxxx Fargo Bank, N.A., as Indenture Trustee for the NRZ Servicer Advance Receivables Trust BC Advance Receivables Backed Notes, Collection and Funding Account.” Collections: The amount of Advance Reimbursement Amounts, cash collected in reimbursement or payment of Receivables in the Trust Estate, during each Advance Collection Period, plus the proceeds of any Permitted Refinancing or of any Indemnity Payments.
Appears in 2 contracts
Samples: Administration Agreement (Nationstar Mortgage Holdings Inc.), Administration Agreement (New Residential Investment Corp.)
Collection and Funding Account. The segregated non-interest bearing trust account or accounts, each of which shall be an Eligible Account, established and maintained pursuant to Section 4.1 and Section 4.7 and entitled “Xxxxx Fargo Bank, N.A., as Indenture Trustee for the NRZ Servicer Advance Receivables Trust BC CS Advance Receivables Backed Notes, Collection and Funding Account.” Collections: The amount of Advance Reimbursement Amounts, cash collected in reimbursement or payment of Receivables in the Trust Estate, during each Advance Collection Period, plus the proceeds of any Permitted Refinancing or of any Indemnity Payments.
Appears in 2 contracts
Samples: Indenture (New Residential Investment Corp.), Indenture (Nationstar Mortgage Holdings Inc.)