Common use of Methods of Payment Clause in Contracts

Methods of Payment. On the Purchase Date for each Transaction: (1) Buyer shall pay the Purchase Price for all Transactions by wire transfer in accordance with Seller’s wire instructions set forth on Exhibit A. Notwithstanding the foregoing, Buyer shall not be obligated to pay the Purchase Price under any method of payment to any Closing Agent or warehouse lender that is not an Approved Payee. Further, the payment of the Purchase Price by Buyer to any Closing Agent or warehouse lender that is not an Approved Payee shall not make such Closing Agent or warehouse lender an Approved Payee. Any funds disbursed by Buyer to Seller or its Approved Payee shall be subject to all applicable federal, state and local laws, including, without limitation, regulations and policies of the Board of Governors of the Federal Reserve System on Reduction of Payments System Risk. Seller acknowledges that as a result of such applicable laws, regulations and policies, equipment malfunction, Buyer’s approval procedures or circumstances beyond the reasonable control of Buyer, the payment of a Purchase Price may be delayed. Buyer shall not be liable to Seller for any costs, losses or damages arising from or relating to any such delays, or (2) Notwithstanding the foregoing, where a Purchased Mortgage Loan is the subject of third party financing, Buyer may pay all or any portion of the Purchase Price directly to the warehouse or other lender that has a security interest in the Purchased Mortgage Loan to satisfy the related indebtedness and obtain a release of such security interest.

Methods of Payment. On the Purchase Date for each Transaction: (1i) Buyer shall pay the Purchase Price for all Transactions by wire transfer in accordance with Seller’s wire instructions set forth on Exhibit A. J. Notwithstanding the foregoing, Buyer shall not be obligated to pay the Purchase Price under any method of payment to any Closing Agent Agent, third party institutional originator or warehouse lender that is not an Approved Payee. Further, the payment of the Purchase Price by Buyer to any Closing Agent Agent, third party institutional originator or warehouse lender that is not an Approved Payee shall not make such Closing Agent Agent, third party institutional originator or warehouse lender an Approved Payee. Any funds disbursed by Buyer to Seller or its Approved Payee shall be subject to all applicable federal, state and local laws, including, without limitation, regulations and policies of the Board of Governors of the Federal Reserve System on Reduction of Payments System Risk. Seller acknowledges that as a result of such applicable laws, regulations and policies, equipment malfunction, Buyer’s approval procedures or circumstances beyond the reasonable control of Buyer, the payment of a Purchase Price may be delayed. Buyer shall not be liable to Seller for any costs, losses or damages arising from or relating to any such delays, or (2ii) Notwithstanding the foregoing, where a Purchased Mortgage Loan Asset is the subject of third party financing, Buyer may pay all or any portion of the Purchase Price directly to the warehouse lender or other lender that has a security interest in the such Purchased Mortgage Loan Asset to satisfy the related indebtedness and obtain a release of such security interest.

Methods of Payment. On the Purchase Date for each Transaction: (1i) Buyer shall pay the Purchase Price for all Transactions by wire transfer to the applicable Approved Payee or to Seller in accordance with Seller’s wire instructions set forth on Exhibit A. J, in each case as directed by Seller. Notwithstanding the foregoing, Buyer shall not be obligated to pay the Purchase Price under any method of payment to any Closing Agent Agent, third party institutional originator or warehouse lender that is not an Approved Payee. Further, the payment of the Purchase Price by Buyer to any Closing Agent Agent, third party institutional originator or warehouse lender that is not an Approved Payee shall not make such Closing Agent Agent, third party institutional originator or warehouse lender an Approved Payee. Any funds disbursed by Buyer to Seller or its Approved Payee shall be subject to all applicable federal, state and local laws, including, without limitation, regulations and policies of the Board of Governors of the Federal Reserve System on Reduction of Payments System Risk. Seller acknowledges that as a result of such applicable laws, regulations and policies, equipment malfunction, Buyer’s approval procedures or circumstances beyond the reasonable control of Buyer, the payment of a Purchase Price may be delayed. Buyer shall not be liable to Seller for any costs, losses or damages arising from or relating to any such delays, or (2ii) Notwithstanding the foregoing, where a Purchased Mortgage Loan Asset is the subject of third party financing, Buyer may pay all or any portion of the Purchase Price directly to the warehouse lender or other lender that has a security interest in the such Purchased Mortgage Loan Asset to satisfy the related indebtedness and obtain a release of such security interest.

Methods of Payment. On the Purchase Date for each Transaction: (1i) Buyer Subject to Section 3.2 hereof, Administrative Agent on behalf of Buyers shall pay the Purchase Price for all Transactions by wire transfer in accordance with Seller’s wire instructions set forth on Exhibit A. J. Notwithstanding the foregoing, Buyer Administrative Agent shall not be obligated to pay the Purchase Price under any method of payment to any Closing Agent Agent, third party institutional originator or warehouse lender that is not an Approved Payee. Further, the payment of the Purchase Price by Buyer Administrative Agent on behalf of Buyers to any Closing Agent Agent, third party institutional originator or warehouse lender that is not an Approved Payee shall not make such Closing Agent Agent, third party institutional originator or warehouse lender an Approved Payee. Any funds disbursed by Buyer Administrative Agent on behalf of Buyers to Seller or its Approved Payee shall be subject to all applicable federal, state and local lawsLaws, including, without limitation, regulations and policies of the Board of Governors of the Federal Reserve System on Reduction of Payments System Risk. Seller acknowledges that as a result of such applicable lawsLaws, regulations and policies, equipment malfunction, BuyerAdministrative Agent’s approval procedures or circumstances beyond the reasonable control of BuyerAdministrative Agent, the payment of a Purchase Price may be delayed. Neither Administrative nor any Buyer shall not be liable to Seller for any costs, losses or damages arising from or relating to any such delays, or (2ii) Notwithstanding the foregoing, where a Purchased Mortgage Loan Asset is the subject of third party financing, Buyer Administrative Agent on behalf of Buyers may pay all or any portion of the Purchase Price directly to the warehouse lender or other lender that has a security interest in the such Purchased Mortgage Loan Asset to satisfy the related indebtedness and obtain a release of such security interest.

Methods of Payment. On the Purchase Date for each Transaction: (1i) Buyer shall pay the Purchase Price for all Transactions (other than Mortgage Loans purchased with funds from the Disbursement Account) by wire transfer to an Approved Payee. Buyer shall remit the Purchase Price for all Transactions purchased with funds from the Disbursement Account to the Disbursement Account in accordance with Seller’s wire instructions set forth on Exhibit A. the Custodial Agreement. Notwithstanding the foregoing, Buyer shall not be obligated to pay the Purchase Price under any method of payment to any Closing Agent or Agent, warehouse lender or a Correspondent that is not an Approved Payee. Further, the payment of the Purchase Price by Buyer to any Closing Agent or Agent, warehouse lender or Correspondent that is not an Approved Payee shall not make such Closing Agent or Agent, warehouse lender or Correspondent an Approved Payee. Any funds disbursed by Buyer to Seller or its Approved Payee shall be subject to all applicable federal, state and local laws, including, without limitation, regulations and policies of the Board of Governors of the Federal Reserve System on Reduction of Payments System Risk. Seller acknowledges that as a result of such applicable laws, regulations and policies, equipment malfunction, Buyer’s approval procedures or circumstances beyond the reasonable control of Buyer, the payment of a Purchase Price may be delayed. Buyer shall not be liable to Seller for any costs, losses or damages arising from or relating to any such delays, or (2ii) Notwithstanding the foregoing, where a Purchased Mortgage Loan Asset is the subject of third party financing, Buyer may pay all or any portion of the Purchase Price directly to the warehouse lender or other lender that has a security interest in the such Purchased Mortgage Loan Asset to satisfy the related indebtedness and obtain a release of such security interest.

Methods of Payment. On the Purchase Date for each Transaction: (1i) Buyer shall pay the Purchase Price for all Transactions by wire transfer of immediately available funds in accordance with Seller’s wire instructions set forth on Exhibit A. J. Notwithstanding the foregoing, Buyer shall not be obligated to pay the Purchase Price under any method of payment to any Closing Agent Agent, third party institutional originator or warehouse lender that is not an Approved Payee. Further, the payment of the Purchase Price by Buyer to any Closing Agent Agent, third party institutional originator or warehouse lender that is not an Approved Payee shall not make such Closing Agent Agent, third party institutional originator or warehouse lender an Approved Payee. Any funds disbursed by Buyer to Seller or its Approved Payee shall be subject to all applicable federal, state and local laws, including, without limitation, regulations and policies of the Board of Governors of the Federal Reserve System on Reduction of Payments System Risk. Seller acknowledges that as a result of such applicable laws, regulations and policies, equipment malfunction, Buyer’s approval procedures policies or circumstances beyond the reasonable control of Buyer, the payment of a Purchase Price may be delayed. Buyer shall not be liable to Seller for any costs, losses or damages arising from or relating to any such delays, or (2ii) Notwithstanding the foregoing, where a Purchased Mortgage Loan Asset is the subject of third party financing, Buyer may pay all or any portion of the Purchase Price directly to the warehouse lender or other lender that has a security interest in the such Purchased Mortgage Loan Asset to satisfy the related indebtedness and obtain a release of such security interest.

Methods of Payment. On the Purchase Date for each Transaction: (1i) Buyer shall pay the Purchase Price for all Transactions by wire transfer in accordance with Seller’s wire instructions set forth on Exhibit A. J. Notwithstanding the foregoing, Buyer shall not be obligated to pay the Purchase Price under any method of payment to any Closing Agent or warehouse lender that is not an Approved Payee. Further, the payment of the Purchase Price by Buyer to any Closing Agent or warehouse lender that is not an Approved Payee shall not make such Closing Agent or warehouse lender an Approved Payee. Any funds disbursed by Buyer to Seller or its Approved Payee shall be subject to all applicable federal, state and local laws, including, without limitation, regulations and policies of the Board of Governors of the Federal Reserve System on Reduction of Payments System Risk. Seller acknowledges that as a result of such applicable laws, regulations and policies, equipment malfunction, Buyer’s approval procedures or circumstances beyond the reasonable control of Buyer, the payment of a Purchase Price may be delayed. Buyer shall not be liable to Seller Nationstar Parties for any costs, losses or damages arising from or relating to any such delays, or (2ii) Notwithstanding the foregoing, where a Purchased Mortgage Loan Asset or an Underlying Asset is the subject of third party financing, Buyer may pay all or any portion of the Purchase Price directly to the warehouse lender or other lender that has a security interest in the such Purchased Mortgage Loan Asset or Underlying Asset, as applicable, to satisfy the related indebtedness and obtain a release of such security interest.

Methods of Payment. On the Purchase Date for each Transaction: (1i) Buyer shall pay the Purchase Price for all Transactions by wire transfer in accordance with Seller’s wire instructions set forth on Exhibit A. J. Notwithstanding the foregoing, Buyer shall not be obligated to pay the Purchase Price under any method of payment to any Closing Agent or warehouse lender that is not an Approved Payee. Further, the payment of the Purchase Price by Buyer to any Closing Agent or warehouse lender that is not an Approved Payee shall not make such Closing Agent or warehouse lender an Approved Payee. Any funds disbursed by Buyer to Seller or its Approved Payee shall be subject to all applicable federal, state and local laws, including, without limitation, regulations and policies of the Board of Governors of the Federal Reserve System on Reduction of Payments System Risk. Seller acknowledges that as a result of such applicable laws, regulations and policies, equipment malfunction, Buyer’s approval procedures or circumstances beyond the reasonable control of Buyer, the payment of a Purchase Price may be delayed. Buyer shall not be liable to Seller for any costs, losses or damages arising from or relating to any such delays, or (2ii) Notwithstanding the foregoing, where a Purchased Mortgage Loan Asset is the subject of third party financing, Buyer may pay all or any portion of the Purchase Price directly to the warehouse or other lender that has a security interest in the Purchased Mortgage Loan Asset to satisfy the related indebtedness and obtain a release of such security interest.

Methods of Payment. On the Purchase Date for each Transaction: (1i) Buyer shall pay the Purchase Price for all Transactions (other than Mortgage Loans purchased with funds from the Disbursement Account) by wire transfer to an Approved Payee. Buyer shall remit the Purchase Price for all Transactions purchased with funds from the Disbursement Account to the Disbursement Account in accordance with Seller’s wire instructions set forth on Exhibit A. the Custodial Agreement. Notwithstanding the foregoing, Buyer shall not be obligated to pay the Purchase Price under any method of payment to any Closing Agent or warehouse lender that is not an Approved Payee. Further, the payment of the Purchase Price by Buyer to any Closing Agent or warehouse lender that is not an Approved Payee shall not make such Closing Agent or warehouse lender an Approved Payee. Any funds disbursed by Buyer to Seller or its Approved Payee shall be subject to all applicable federal, state and local laws, including, without limitation, regulations and policies of the Board of Governors of the Federal Reserve System on Reduction of Payments System Risk. Seller acknowledges that as a result of such applicable laws, regulations and policies, equipment malfunction, Buyer’s approval procedures or circumstances beyond the reasonable control of Buyer, the payment of a Purchase Price may be delayed. Buyer shall not be liable to Seller for any costs, losses or damages arising from or relating to any such delays, or (2ii) Notwithstanding the foregoing, where a Purchased Mortgage Loan Asset is the subject of third party financing, Buyer may pay all or any portion of the Purchase Price directly to the warehouse lender or other lender that has a security interest in the such Purchased Mortgage Loan Asset to satisfy the related indebtedness and obtain a release of such security interest.

Methods of Payment. On the Purchase Date for each Transaction: (1i) Buyer shall pay the Purchase Price for all Transactions by wire transfer in accordance with Seller’s wire instructions set forth on Exhibit A. J. Notwithstanding the foregoing, Buyer shall not be obligated to pay the Purchase Price under any method of payment to any Closing Agent Agent, third party institutional originator or warehouse lender that is not an Approved Payee. Further, the payment of the Purchase Price by Buyer to any Closing Agent Agent, third party institutional originator or warehouse lender that is not an Approved Payee shall not make such Closing Agent Agent, third party institutional originator or warehouse lender an Approved Payee. Any funds disbursed by Buyer to Seller or its Approved Payee shall be subject to all applicable federal, state and local laws, including, without limitation, regulations and policies of the Board of Governors of the Federal Reserve System on Reduction of Payments System Risk. Seller acknowledges that as a result of such applicable laws, regulations and policies, equipment malfunction, Buyer’s approval procedures or circumstances beyond the reasonable control of Buyer, the payment of a Purchase Price using one or more of the methods described above may be delayed. Buyer shall not be liable to Seller for any costs, losses or damages arising from or relating to any such delays, or (2ii) Notwithstanding the foregoing, where a Purchased Mortgage Loan Asset or an Underlying Asset is the subject of third party financing, Buyer may pay all or any portion of the Purchase Price directly to the warehouse lender or other lender that has a security interest in the such Purchased Mortgage Loan Asset or Underlying Asset, as applicable, to satisfy the related indebtedness and obtain a release of such security interest.