Common use of Permitted Netting and Withdrawal of Proceeds Clause in Contracts

Permitted Netting and Withdrawal of Proceeds. Servicer shall, from time to time, be allowed to offset against Proceeds prior to deposit into the applicable Purchaser Online Account and, if necessary, withdraw from the applicable Purchaser Online Account funds for the following purposes:

Appears in 4 contracts

Samples: Master Loan Servicing Agreement (LendingClub Corp), Master Loan Servicing Agreement (LendingClub Corp), Master Loan Servicing Agreement (LendingClub Corp)

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Permitted Netting and Withdrawal of Proceeds. Servicer shall, from time to time, be allowed to offset against Proceeds prior to deposit into the applicable Purchaser Online Account and, if necessary, withdraw from the applicable Purchaser Online Account funds for the following purposes:

Appears in 1 contract

Samples: Loan Servicing Agreement (LendingClub Corp)

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