Common use of Default Administration Clause in Contracts

Default Administration. Delinquencies o With respect to Reimbursable Advances for Delinquent Loans, Seller shall provide Purchaser a detailed listing of each loan for which Seller is requesting reimbursement of an advance to include, at a minimum, the loan number and reason for the advance, payee and amount together with copies of all applicable documentation supporting each advance. Applicable documentation will mean copies of all invoices and check copies or payment histories (copies from applicable working files should not be removed, but additional copies made and attached to detail schedule to satisfy this request). o Seller shall provide Purchaser a listing of all accounts on a repayment plan at the Transfer Date.

Default Administration. Delinquencies o · With respect to Reimbursable Advances for Delinquent Loans, Seller shall provide Purchaser a detailed listing of each loan for which Seller is requesting reimbursement of an advance to include, at a minimum, the loan number and reason for the advance, payee and amount together with copies of all applicable documentation supporting each advance. Applicable documentation will mean copies of all invoices and check copies or payment histories (copies from applicable working files should not be removed, but additional copies made and attached to detail schedule to satisfy this request). o · Seller shall provide Purchaser a listing of all accounts on a repayment plan at the Transfer Date.