Common use of Entitlement to Payment on the Mortgage Loans Clause in Contracts

Entitlement to Payment on the Mortgage Loans. The -------------------------------------------- Purchaser shall be entitled to all collections and recoveries of principal and interest received or applied to any Mortgagor's account after the Cut-off Date. All payments and remittances on the Mortgage Loans received by the Seller after the Closing Date and payable to the Purchaser shall be paid promptly to the Purchaser in accordance to the terms set forth in Article IV or Article V, as ---------- --------- applicable.

Appears in 1 contract

Samples: Mortgage Loan Purchase and Interim Servicing Agreement (United Panam Financial Corp)

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Entitlement to Payment on the Mortgage Loans. The -------------------------------------------- Purchaser shall be entitled to all collections and recoveries of principal and interest received or applied to any Mortgagor's account after the Cut-off Off Date. All payments and remittances on the Mortgage Loans received by the Seller after the Closing Cut-Off Date and payable to the Purchaser shall be paid promptly to the Purchaser in accordance to the terms set forth in Article IV or Article V, as ---------- --------- applicable.

Appears in 1 contract

Samples: Assignment, Assumption and Recognition Agreement (United Panam Financial Corp)

Entitlement to Payment on the Mortgage Loans. The -------------------------------------------- Purchaser shall be entitled to all collections and recoveries of principal and interest received or applied to any Mortgagor's account after the Cut-off Daterate. All payments and remittances on the Mortgage Loans received by the Seller after the Closing Date and payable to the Purchaser shall be paid promptly to the Purchaser in accordance to the terms set forth in Article IV or Article V, as ---------- --------- applicable.

Appears in 1 contract

Samples: Assignment, Assumption and Recognition Agreement (United Panam Financial Corp)

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Entitlement to Payment on the Mortgage Loans. The -------------------------------------------- Purchaser shall be entitled to all collections and recoveries of principal and interest received or applied to any Mortgagor's account after the Cut-off Date. All payments and remittances on the Mortgage Loans received by the Seller after the Closing Cut-off Date and payable to the Purchaser shall be paid promptly to the Purchaser in accordance to the terms set forth in Article IV or Article V, as ---------- --------- applicable.

Appears in 1 contract

Samples: Assignment, Assumption and Recognition Agreement (United Panam Financial Corp)

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