Custodial Fund Interest and Reporting Sample Clauses

Custodial Fund Interest and Reporting. The Seller shall reimburse the Purchaser for any interest on Custodial Funds accrued through the applicable Servicing Transfer Date to the extent interest with respect to Custodial Funds is required to be paid under Applicable Requirements for the benefit of Mortgagors under the Mortgage Loans.
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Custodial Fund Interest and Reporting. The Company shall pay interest on Escrow Funds accrued through the Closing Date to the extent interest with respect to Escrow Funds is required to be paid under the Regulations for the benefit of mortgagors under the Mortgage Loans. The Company shall credit such interest to the related Custodial Account before the Escrow Funds are transferred to Buyer.
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Custodial Fund Interest and Reporting. Seller shall pay interest on Custodial Funds accrued through the applicable Transfer Date to the extent interest with respect to Custodial Funds is required to be paid under the Applicable Requirements for the benefit of Mortgagors under the Mortgage Loans. Seller shall either credit such interest to the related Custodial Account before the Custodial Funds are transferred to Purchaser or forward such interest to Purchaser or Purchaser's designee within three (3) Business Days after the applicable Transfer Date, with appropriate information regarding the proper crediting of the interest.
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Custodial Fund Interest and Reporting. Without limiting Subservicer’s other rights as the owner of the Servicing Rights for each Defended Loan prior to the related Agency Delivery Date, Subservicer be entitled to all interest accrued on Custodial Funds (except to the extent required to be paid to the related Mortgagor under Applicable Requirements) through the applicable Agency Delivery Date, exclusive. Subservicer shall be responsible, without any right of reimbursement from the MSR Owner, for the payment to the applicable Mortgagor of any interest on Custodial Funds accrued through the applicable Agency Delivery Date, exclusive, to the extent interest with respect to Custodial Funds is required to be paid under the Applicable Requirements for the benefit of such Mortgagor under the related Defended Loan.
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Related to Custodial Fund Interest and Reporting

  • Depositor Payment Obligation The Depositor shall be responsible for payment of the Administrator’s compensation under the Administration Agreement and shall reimburse the Administrator for all expenses and liabilities of the Administrator incurred under the Administration Agreement.

  • Interest and Interest Rates The rate or rates at which the Notes shall bear interest, the date or dates from which such interest shall accrue, the interest payment dates on which any such interest shall be payable and the regular record date for any interest payable on any interest payment date, in each case, shall be as set forth in the form of Note set forth as Exhibit A hereto.

  • Payment of Principal and Interest; Defaulted Interest (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

  • Payment of Principal and Interest The Company covenants and agrees that it will cause to be paid the principal (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, each of the Notes at the places, at the respective times and in the manner provided herein and in the Notes.

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