Common use of OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS Clause in Contracts

OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS. (A) Any payment received by [SPE Seller] with respect to amounts accrued after the date of the related Xxxx of Sale for any Purchased Loan sold to Funding, which payment is not reflected in the related Loan Transmittal Summary Form, shall be received by [SPE Seller] in trust for the account of Funding and [SPE Seller] hereby disclaims any title to or interest in any such amounts. Within two (2) Business Days following the date of receipt, [SPE Seller] shall remit to Funding an amount equal to any such payments along with a listing on a form provided by Funding identifying the Purchased Loans with respect to which such payments were made, the amount of each such payment and the date each such payment was received. (B) Any written communication received at any time by [SPE Seller] with respect to any Loan subject to these Master Terms or the related Purchase Agreement shall be transmitted by [SPE Seller] to the Servicer within two (2) Business Days of receipt. Such communications shall include, but not be limited to, letters, notices of death or disability, notices of bankruptcy, forms requesting deferment of repayment or loan cancellation, and like documents.

OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS. (A) A. Any payment received by [SPE Seller] the Conduit Administrator with respect to amounts accrued after the date of delivery of the related Xxxx of Sale for Conversion File applicable to any Purchased Loan sold to Fundingthe Department hereunder, which payment is not reflected in the related Loan Transmittal Summary FormConversion File, shall be received held by [SPE Seller] the Conduit Administrator in trust for the account of Funding the Department and [SPE Seller] each of the Conduit and the Conduit Administrator hereby disclaims any title to or interest in any such amounts. Within two (2) Business Days following the date of receiptreceipt of any such amounts identified to the Conduit Administrator as relating to any such Loan, [SPE Seller] the Conduit Administrator shall remit to Funding the Department an amount equal to any such payments along with a listing on a form provided by Funding the Department identifying the Purchased Loans with respect to which such payments were made, the amount of each such payment and the date each such payment was received. (B) B. Any written communication received at any time by [SPE Seller] the Conduit or any of its agents with respect to any Loan subject to these Master Terms this Agreement or the related Purchase Agreement Bill of Sale shall be transmitted by [SPE Seller] to the Servicer Department, or its designated agent, within two (2) Business Days of receipt. Such communications shall include, but not be limited to, letters, notices of death or disability, notices of bankruptcy, forms requesting deferment of repayment or loan cancellation, and like documents.

OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS. (A) A. Any payment received by [SPE Seller] the Conduit Administrator with respect to amounts accrued after the date of delivery of the related Xxxx of Sale for Conversion File applicable to any Purchased Loan sold to Fundingthe Department hereunder, which payment is not reflected in the related Loan Transmittal Summary FormConversion File, shall be received held by [SPE Seller] the Conduit Administrator in trust for the account of Funding the Department and [SPE Seller] each of the Conduit and the Conduit Administrator hereby disclaims any title to or interest in any such amounts. Within two (2) Business Days following the date of receiptreceipt of any such amounts identified to the Conduit Administrator as relating to any such Loan, [SPE Seller] the Conduit Administrator shall remit to Funding the Department an amount equal to any such payments along with a listing on a form provided by Funding the Department identifying the Purchased Loans with respect to which such payments were made, the amount of each such payment and the date each such payment was received. (B) B. Any written communication received at any time by [SPE Seller] the Conduit or any of its agents with respect to any Loan subject to these Master Terms this Agreement or the related Purchase Agreement Xxxx of Sale shall be transmitted by [SPE Seller] to the Servicer Department, or its designated agent, within two (2) Business Days of receipt. Such communications shall include, but not be limited to, letters, notices of death or disability, notices of bankruptcy, forms requesting deferment of repayment or loan cancellation, and like documents.

OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS. (A) Any payment received by [SPE Seller] Wachovia Bank with respect to amounts accrued after the date of the related Xxxx of Sale for any Purchased Loan sold to Fundingthe Depositor, which payment is not reflected in the related Loan Transmittal Summary Form, shall be received by [SPE Seller] Wachovia Bank in trust for the account of Funding the Depositor and [SPE Seller] Wachovia Bank hereby disclaims any title to or interest in any such amounts. Within two (2) Business Days following the date of receipt, [SPE Seller] Wachovia Bank shall remit to Funding the Depositor an amount equal to any such payments along with a listing on a form provided by Funding the Depositor identifying the Purchased Loans with respect to which such payments were made, the amount of each such payment and the date each such payment was received. (B) Any written communication received at any time by [SPE Seller] Wachovia Bank with respect to any Loan subject to these Master Terms this Purchase Agreement or the related Purchase Transfer Agreement shall be transmitted by [SPE Seller] Wachovia Bank to the Master Servicer and the related sub-servicer within two (2) Business Days of receipt. Such communications shall include, but not be limited to, letters, notices of death or disability, notices of bankruptcy, forms requesting deferment of repayment or loan cancellation, and like documents.

OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS. (A) Any payment received by [SPE Seller] the Depositor with respect to amounts accrued after the date of the related Xxxx of Sale Conveyance Schedule for any Purchased Contributed Loan sold contributed to Fundingthe Trust, which payment is not reflected in the related Loan Transmittal Summary Form, shall be received by [SPE Seller] the Depositor in trust for the account of Funding the Trust and [SPE Seller] the Depositor hereby disclaims any title to or interest in any such amounts. Within two (2) Business Days following the date of receipt, [SPE Seller] the Depositor shall remit to Funding the Trust an amount equal to any such payments along with a listing on a form provided by Funding the Trust identifying the Purchased Acquired Loans with respect to which such payments were made, the amount of each such payment and the date each such payment was received. (B) Any written communication received at any time by [SPE Seller] the Depositor with respect to any Loan subject to these Master Terms this Contribution Agreement or the related Purchase Contribution Agreement shall be transmitted by [SPE Seller] the Depositor to the Master Servicer and the related sub-servicer within two (2) Business Days of receipt. Such communications shall include, but not be limited to, letters, notices of death or disability, notices of bankruptcy, forms requesting deferment of repayment or loan cancellation, and like documents.

OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS. (A) Any payment received by [SPE Seller] VL Funding with respect to amounts accrued after the date of the related Xxxx of Sale for any Purchased Loan sold to Funding, which payment is not reflected in the related Loan Transmittal Summary Form, shall be received by [SPE Seller] VL Funding in trust for the account of Funding and [SPE Seller] VL Funding hereby disclaims any title to or interest in any such amounts. Within two (2) Business Days following the date of receipt, [SPE Seller] VL Funding shall remit to Funding an amount equal to any such payments along with a listing on a form provided by Funding identifying the Purchased Loans with respect to which such payments were made, the amount of each such payment and the date each such payment was received.. VL Funding Purchase Agreement 20 (B) Any written communication received at any time by [SPE Seller] VL Funding with respect to any Loan subject to these Master Terms or the related Purchase Agreement shall be transmitted by [SPE Seller] VL Funding to the Servicer within two (2) Business Days of receipt. Such communications shall include, but not be limited to, letters, notices of death or disability, notices of bankruptcy, forms requesting deferment of repayment or loan cancellation, and like documents.

OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS. (A) Any payment received by [SPE Seller] VL Funding with respect to amounts accrued after the date of the related Xxxx of Sale for any Purchased Loan sold to Funding, which payment is not reflected in the related Loan Transmittal Summary Form, shall be received by [SPE Seller] VL Funding in trust for the account of Funding and [SPE Seller] VL Funding hereby disclaims any title to or interest in any such amounts. Within two (2) Business Days following the date of receipt, [SPE Seller] VL Funding shall remit to Funding an amount equal to any such payments along VL Funding Purchase Agreement 20 with a listing on a form provided by Funding identifying the Purchased Loans with respect to which such payments were made, the amount of each such payment and the date each such payment was received. (B) Any written communication received at any time by [SPE Seller] VL Funding with respect to any Loan subject to these Master Terms or the related Purchase Agreement shall be transmitted by [SPE Seller] VL Funding to the Servicer within two (2) Business Days of receipt. Such communications shall include, but not be limited to, letters, notices of death or disability, notices of bankruptcy, forms requesting deferment of repayment or loan cancellation, and like documents.

OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS. (A) Any payment received by [SPE Seller] WEF with respect to amounts accrued after the date of the related Xxxx of Sale for any Purchased Loan sold to Fundingthe Depositor, which payment is not reflected in the related Loan Transmittal Summary Form, shall be received by [SPE Seller] WEF in trust for the account of Funding the Depositor and [SPE Seller] WEF hereby disclaims any title to or interest in any such amounts. Within two (2) Business Days following the date of receipt, [SPE Seller] WEF shall remit to Funding the Depositor an amount equal to any such payments along with a listing on a form provided by Funding the Depositor identifying the Purchased Loans with respect to which such payments were made, the amount of each such payment and the date each such payment was received. (B) Any written communication received at any time by [SPE Seller] WEF with respect to any Loan subject to these Master Terms this Purchase Agreement or the related Purchase Transfer Agreement shall be transmitted by [SPE Seller] WEF to the Master Servicer and the related sub-servicer within two (2) Business Days of receipt. Such communications shall include, but not be limited to, letters, notices of death or disability, notices of bankruptcy, forms requesting deferment of repayment or loan cancellation, and like documents.

OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS. (A) Any payment received by [SPE Seller] the Seller with respect to amounts accrued after the date of the related Xxxx of Sale for any Purchased Loan sold to Fundingthe Purchaser, which payment is not reflected in the related Loan Transmittal Summary Form, shall be received by [SPE Seller] the Sale Agreement Seller in trust for the account of Funding the Purchaser and [SPE Seller] the Seller hereby disclaims any title to or interest in any such amounts. Within two (2) Business Days following the date of receipt, [SPE Seller] the Seller shall remit to Funding the Purchaser an amount equal to any such payments along with a listing on a form provided by Funding the Purchaser identifying the Purchased Loans with respect to which such payments were made, the amount of each such payment and the date each such payment was received. (B) Any written communication received at any time by [SPE Seller] the Seller with respect to any Loan subject to these Master Terms or the related Purchase Sale Agreement shall be transmitted by [SPE Seller] the Seller to the Servicer within two (2) Business Days of receipt. Such communications shall include, but not be limited to, letters, notices of death or disability, notices of bankruptcy, forms requesting deferment of repayment or loan cancellation, and like documents.

OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS. (A) Any payment received by [SPE Seller] Wachovia Bank with respect to amounts accrued after the date of the related Xxxx of Sale for any Purchased Loan sold to Fundingthe Depositor, which payment is not reflected in the related Loan Transmittal Summary Form, shall be received by [SPE Seller] Wachovia Bank in trust for the account of Funding the Depositor and [SPE Seller] Wachovia Bank hereby disclaims any title to or interest in any such amounts. Within two (2) Business Days following the date of receipt, [SPE Seller] Wachovia Bank shall remit to Funding the Depositor an amount equal to any such payments along with a listing on a form provided by Funding the Depositor identifying the Purchased Loans with respect to which such payments were made, the amount of each such payment and the date each such payment was received. (B) Any written communication received at any time by [SPE Seller] Wachovia Bank with respect to any Loan subject to these Master Terms this Purchase Agreement or the related Purchase Transfer Agreement shall be transmitted by [SPE Seller] Wachovia Bank to the Master Servicer and the related sub-servicer within two (2) Business Days of receipt. Such communications shall include, but not be limited to, letters, notices of death or disability, notices of bankruptcy, forms requesting deferment of repayment or loan cancellation, and like documents.

OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS. (A) Any payment received by [SPE Seller] WEF with respect to amounts accrued after the date of the related Xxxx of Sale for any Purchased Loan sold to Fundingthe Depositor, which payment is not reflected in the related Loan Transmittal Summary Form, shall be received by [SPE Seller] WEF in trust for the account of Funding the Depositor and [SPE Seller] WEF hereby disclaims any title to or interest in any such amounts. Within two (2) Business Days following the date of receipt, [SPE Seller] WEF shall remit to Funding the Depositor an amount equal to any such payments along with a listing on a form provided by Funding the Depositor identifying the Purchased Loans with respect to which such payments were made, the amount of each such payment and the date each such payment was received. (B) Any written communication received at any time by [SPE Seller] WEF with respect to any Loan subject to these Master Terms this Purchase Agreement or the related Purchase Transfer Agreement shall be transmitted by [SPE Seller] WEF to the Master Servicer and the related sub-servicer within two (2) Business Days of receipt. Such communications shall include, but not be limited to, letters, notices of death or disability, notices of bankruptcy, forms requesting deferment of repayment or loan cancellation, and like documents.

OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS. (A) Any payment received by [SPE Seller] with respect to amounts accrued after the date of the related Xxxx Bxxx of Sale for any Purchased Loan sold to Funding, which payment is not reflected in the related Loan Transmittal Summary Form, shall be received by [SPE Seller] in trust for the account of Funding and [SPE Seller] hereby disclaims any title to or interest in any such amounts. Within two (2) Business Days following the date of receipt, [SPE Seller] shall remit to Funding an amount equal to any such payments along with a listing on a form provided by Funding identifying the Purchased Loans with respect to which such payments were made, the amount of each such payment and the date each such payment was received. (B) Any written communication received at any time by [SPE Seller] with respect to any Loan subject to these Master Terms or the related Purchase Agreement shall be transmitted by [SPE Seller] to the Servicer within two (2) Business Days of receipt. Such communications shall include, but not be limited to, letters, notices of death or disability, notices of bankruptcy, forms requesting deferment of repayment or loan cancellation, and like documents.