Common use of Notification of Payment Clause in Contracts

Notification of Payment. Seller shall provide Buyer not fewer than one (1) Business Day prior written notice if Seller or an Approved Investor intends to remit a payment to Buyer equal to or greater than ten million ($10,000,000) dollars.

Appears in 8 contracts

Samples: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (Pennymac Financial Services, Inc.)

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Notification of Payment. Seller shall provide Buyer not fewer than one (1) Business Day Day’s prior written notice if Seller or an Approved Investor intends to remit a payment to Buyer equal to or greater than ten million ($10,000,000) dollars.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Five Oaks Investment Corp.), Master Repurchase Agreement (Stonegate Mortgage Corp), Master Repurchase Agreement (Walter Investment Management Corp)

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Notification of Payment. Seller shall provide Buyer not fewer than one (1) Business Day prior written notice if Seller or an Approved Investor intends to remit a payment to Buyer equal to or greater than ten twenty million ($10,000,00020,000,000) dollars.

Appears in 1 contract

Samples: Master Repurchase Agreement (Nationstar Mortgage Holdings Inc.)

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