Common use of Payments Received Clause in Contracts

Payments Received. The Seller shall apply all payments received in respect of the Mortgage Loans during the Interim Servicing Period and after the Transfer Date in accordance with the Servicing Transfer Instructions.

Appears in 60 contracts

Samples: Purchase and Sale Agreement, Mortgage Loan Purchase and Sale Agreement, Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-8)

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Payments Received. The Seller shall apply all payments received in respect of the Mortgage Loans during the Interim Servicing Period and after the Servicing Transfer Date in accordance with the Servicing Transfer Instructions.

Appears in 3 contracts

Samples: Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2012-3), Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2012-2), Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2012-1)

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