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

OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD. COMMUNICATIONS ------------------------------------------------------------------ (A) Any payment received by Seller with respect to amounts accrued after the Date of the Xxxx of Sale for any Loan sold to Purchaser, which payment is not reflected in the Loan Transmittal Summary Form, shall be received by Seller in trust for the account of Purchaser and the Seller hereby disclaims any title to or interest in any such amounts. Within two (2) business days following the date of receipt, Seller shall remit to Purchaser an amount equal to any such payments along with a listing on a form provided by Purchaser identifying the 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 Seller with respect to any Loan subject to any Sale Agreement shall be transmitted by Seller to 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 Seller Xxxxxx Xxx with respect to amounts accrued after the Date of the Xxxx of Sale for any Loan sold to PurchaserFunding, which payment is not reflected in the Loan Transmittal Summary Form, shall be received by Seller Xxxxxx Xxx in trust for the account of Purchaser Funding and the Seller Xxxxxx Mae hereby disclaims any title to or interest in any such amounts. Within two (2) business days following the date of receipt, Seller Xxxxxx Xxx shall remit to Purchaser Funding an amount equal to any such payments along with a listing on a form list provided by Purchaser Funding identifying the 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 Seller Xxxxxx Mae with respect to any Loan subject to any Sale this Purchase Agreement shall be transmitted by Seller Xxxxxx Xxx to 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 ------------------------------------------------------------------COMMUNICATIONS (A) Any payment received by Seller with respect to amounts accrued after the Date of the Xxxx of Sale for any Loan sold to Purchaser, which payment is not reflected in the Loan Transmittal Summary Form, shall be received by Seller in trust for the account of Purchaser and the Seller hereby disclaims any title to or interest in any such amounts. Within two (2) business days following the date of receipt, Seller shall remit to Purchaser an amount equal to any such payments along with a listing on a form provided by Purchaser identifying the 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 Seller with respect to any Loan subject to any Sale Agreement shall be transmitted by Seller to 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 the Seller with respect to amounts accrued after the Date date of the Xxxx related Bill of Sale for any Purchased Loan sold to the Purchaser, which payment whixx xayment is not reflected in the related Loan Transmittal Summary Form, shall be received by the Seller in trust for the account of the Purchaser and the Seller hereby disclaims any title to or interest in any such amounts. Within two (2) business days Business Days following the date of receipt, the Seller shall remit to the Purchaser an amount equal to any such payments along with a listing on a form provided by 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 the Seller with respect to any Loan subject to any this Master Terms Sale Agreement or the related Sale Agreement shall be transmitted by the Seller to the Servicer within two (2) business days 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 ------------------------------------------------------------------COMMUNICATIONS (A) Any payment received by Seller with respect to amounts accrued after the Date of the Xxxx Bill of Sale for any Loan sold to Purchaser, which payment is not xxx reflected in the Loan Transmittal Summary Form, shall be received by Seller in trust for the account of Purchaser and the Seller hereby disclaims any title to or interest in any such amounts. Within two (2) business days following the date of receipt, Seller shall remit to Purchaser an amount equal to any such payments along with a listing on a form provided by Purchaser identifying the 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 Seller with respect to any Loan subject to any Sale Agreement shall be transmitted by Seller to 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.