Common use of Reimbursement of Servicing Advances; Repayment of DSF Clause in Contracts

Reimbursement of Servicing Advances; Repayment of DSF. (i) Seller shall, to the extent permitted under any Deferred Servicing Agreement cause the reimbursement of any Servicer Advances under the Deferred Servicing Agreements to be made directly into Purchaser’s account (or any account designated by the Purchaser that has been established in accordance with in accordance with Purchaser’s written directions). In any case, Seller shall within two (2) Business Days of the receipt thereof, remit to Purchaser any amounts that are received by Seller under any Deferred Servicing Agreement after the Closing Date as reimbursement of any Servicer Advance. Any such amounts shall be remitted in accordance with Purchaser’s written directions.

Appears in 7 contracts

Samples: www.sec.gov, Sale Supplement (Nationstar Mortgage Holdings Inc.), Sale Supplement (New Residential Investment Corp.)

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