Common use of Payment and Transfer Clause in Contracts

Payment and Transfer. Unless otherwise agreed by Seller and the Purchaser, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to the Purchaser all payments required to be made by it to the Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by the Purchaser. Any payments received by Purchaser after 4:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 3 contracts

Samples: Master Repurchase Agreement, Master Repurchase Agreement (DITECH HOLDING Corp), Master Repurchase Agreement (Walter Investment Management Corp)

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Payment and Transfer. (a) Unless otherwise agreed by Seller and the Purchaser, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to the Purchaser all payments required to be made by it to the Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by the Purchaser. Any payments received by Purchaser after 4:00 5:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 2 contracts

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

Payment and Transfer. Unless otherwise agreed by Seller and the Purchaser, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to the Purchaser all payments required to be made by it to the Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by the Purchaser. Any payments received by Purchaser after 4:00 5:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Five Oaks Investment Corp.), Master Repurchase Agreement (Two Harbors Investment Corp.)

Payment and Transfer. Unless otherwise agreed by Seller and the PurchaserPurchasers, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to the related Purchaser all payments required to be made by it to the related Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by the related Purchaser. Any payments received by Purchaser Purchasers after 4:00 5:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 2 contracts

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

Payment and Transfer. Unless otherwise agreed by Seller and the Purchaser, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to the Purchaser all payments required to be made by it to the Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by the Purchaser. Any payments received by Purchaser after 4:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Walter Investment Management Corp)

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Payment and Transfer. (a) Unless otherwise agreed by Seller and the Purchaser, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to the Purchaser all payments required to be made by it to the Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by the Purchaser. Any payments received by Purchaser after 4:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

Payment and Transfer. (a) Unless otherwise agreed by Seller and the Purchaser, all transfers of funds hereunder shall be in Dollars in immediately available funds. The Seller shall remit (or, if applicable, shall cause to be remitted) directly to the Purchaser all payments required to be made by it to the Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by the Purchaser. Any payments received by Purchaser after 4:00 5:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Home Loan Servicing Solutions, Ltd.)

Payment and Transfer. Unless otherwise agreed by Seller Xxxxxx and the Purchaser, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to the Purchaser all payments required to be made by it to the Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by the Purchaser. Any payments received by Purchaser after 4:00 5:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Mr. Cooper Group Inc.)

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