Common use of Facility Eligible Receivables Clause in Contracts

Facility Eligible Receivables. Each Nationstar Receivable is payable in United States dollars, is a Facility Eligible Receivable and is transferred pursuant to a Designated Servicing Agreement that is a Facility Eligible Servicing Agreement (except those transferred pursuant to any Ineligible Designated Servicing Agreement), and, if it is an Advance Receivable, the Advance related to such Nationstar Receivable has been fully funded by Nationstar (or any predecessor servicer) using its own funds and/or Amounts Held for Future Distribution (to the extent permitted under the related Designated Servicing Agreement) and/or amounts received by Nationstar from Advance Purchaser under this Agreement; provided that notwithstanding the foregoing, Nationstar makes no representation or warranty (i) as to the status of title or any interest of the Depositor, the Issuer or the Indenture Trustee to or in any Nationstar Additional Receivables, (ii) with respect to any transfer of Receivable by Advance Purchaser, the Depositor or the Issuer, (iii) as to any actions or inactions of Advance Purchaser, the Depositor or the Issuer concerning the Receivables, (iv) as to clause (vii) of the definition of “Facility Eligible Receivable,” (except to the extent covered in other representations by Nationstar in this Agreement). (v) that any determination of the Administrative Agent in clause (xiv) of the definition of “Facility Eligible Receivable” has been satisfied or (vi) with respect to Receivables arising under any Ineligible Designated Servicing Agreement. Each Receivable arises from an Advance or Deferred Servicing Fee for which Nationstar is entitled to reimbursement or payment, as applicable, pursuant to a Designated Servicing Agreement.

Facility Eligible Receivables. Each Nationstar Receivable is payable in United States dollars, is a Facility Eligible Receivable and is transferred pursuant to a Designated Servicing Agreement that is a Facility Eligible Servicing Agreement (except those transferred pursuant to any Ineligible Designated Servicing Agreement), and, if it is an Advance Receivable, the Advance related to such Nationstar Receivable has been fully funded by Nationstar (or any predecessor servicer) using its own funds and/or Amounts Held for Future Distribution (to the extent permitted under the related Designated Servicing Agreement) and/or amounts received by Nationstar from (or on behalf of) Advance Purchaser under this Agreement; provided that notwithstanding the foregoing, Nationstar makes no representation or warranty (i) as to the status of title or any interest of the Depositor, the Issuer or the Indenture Trustee to or in any Nationstar Additional Receivables, (ii) with respect to any transfer of Receivable Receivables by Advance Purchaser, the Depositor or the Issuer, (iii) as to any actions or inactions of Advance Purchaser, the Depositor or the Issuer concerning the Receivables or as to the accuracy of any representation or warranty of such parties concerning the Receivables, (iv) as to clause (vii) of the definition of “Facility Eligible Receivable,” (except to the extent covered in other representations by Nationstar in this Agreement). , or (v) that any determination of the Administrative Agent in clause (xiv) of the definition of “Facility Eligible Receivable” has been satisfied or (vi) with respect to Receivables arising under any Ineligible Designated Servicing Agreement. Each Receivable arises from an Advance or Deferred Servicing Fee for which Nationstar is entitled to reimbursement or payment, as applicable, pursuant to a Designated Servicing Agreement.

Facility Eligible Receivables. Each Nationstar OLS Receivable is payable in United States dollars, is a Facility Eligible Receivable and is transferred pursuant to a Designated Servicing Agreement (including the Subserviced Servicing Agreements) that is a Facility Eligible Servicing Agreement (except those transferred pursuant to any Ineligible Designated Servicing Agreement), and, if it is an Advance Receivable, the Advance related to such Nationstar OLS Receivable has been fully funded by Nationstar OLS (or any predecessor servicer) using its own funds and/or Amounts Held for Future Distribution (to the extent permitted under the related Designated Servicing Agreement) and/or amounts received by Nationstar OLS from Advance Purchaser (or on behalf of) HLSS under this Agreement; provided that notwithstanding the foregoing, Nationstar OLS makes no representation or warranty (i) as to the status of title or any interest of the Depositor, the Issuer or the Indenture Trustee to or in any Nationstar Additional OLS Receivables, (ii) with respect to any transfer of Receivable Receivables by Advance PurchaserHLSS, the Depositor or the Issuer, (iii) as to any actions or inactions of Advance PurchaserHLSS, the Depositor or the Issuer concerning the Receivables or as to the accuracy of any representation or warranty of such parties concerning the Receivables, (iv) as to clause (vii) of the definition of “Facility Eligible Receivable,” (except to the extent covered in other representations by Nationstar OLS in this Agreement). , or (v) that any determination of the Administrative Agent in clause (xiv) of the definition of “Facility Eligible Receivable” has been satisfied or (vi) with respect to Receivables arising under any Ineligible Designated Servicing Agreement. Each Receivable arises from an Advance or Deferred Servicing Fee for which Nationstar OLS is entitled to reimbursement or payment, as applicable, pursuant to a Designated Servicing AgreementAgreement (including the Subserviced Servicing Agreements).