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. (ii) Seller shall, to the extent permitted under any Deferred Servicing Agreement remit collections of DSF under the Deferred Servicing Agreements directly into Purchaser’s account (or any account designated by the Purchaser that has been established 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 payment of DSF and will not net any amounts owing to Seller for fees hereunder or under the Subservicing Agreement out of any DSF. Any such amounts shall be remitted in accordance with Purchaser’s written directions. Seller agrees that it will (i) remit collections on DSF to the Purchaser and (ii) retain all collections on all deferred servicing fees, other than DSF in each case, related to the same Deferred Servicing Agreement, on a pro-rata basis based on the outstanding amount of DSF and the outstanding amount of such other deferred servicing fees. (iii) On the Closing Date, the Purchaser shall designate an account for each Servicing Agreement as the “Collection and Funding Account” into which remittances of collections in respect of Servicing Advance Receivables and DSF under such Servicing Agreements shall be deposited in connection with a Servicing Advance Financing Agreement.

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. (ii) Seller shall, to the extent permitted under any Deferred Servicing Agreement remit collections of DSF under the Deferred Servicing Agreements directly into Purchaser’s account (or any account designated by the Purchaser that has been established 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 payment of DSF and will not net any amounts owing to Seller for fees hereunder or under the Subservicing Agreement out of any DSF. Any such amounts shall be remitted in accordance with Purchaser’s written directions. Seller agrees that it will (i) remit collections on DSF to the Purchaser and (ii) retain all collections on all deferred servicing fees, other than DSF in each case, related to the same Deferred Servicing Agreement, on a pro-rata basis based on the outstanding amount of DSF and the outstanding amount of such other deferred servicing fees. (iii) On The Purchaser hereby designates the Closing Date, the Purchaser shall designate an account for each Servicing Agreement identified as the “Collection and Funding Account” in the Amended and Restated Indenture of the CS Advance SPE Issuer, in the case of the Servicing Agreements identified on Part 1 of Schedule I hereto as the account into which remittances of collections in respect of Servicing Advance Receivables and DSF under such Servicing Agreements shall be deposited deposited. (iv) The Purchaser hereby designates the account identified as the “Collection and Funding Account” in connection with a the Amended and Restated Indenture of the Barclays Advance SPE Issuer, in the case of the Servicing Agreements identified on Part 2 of Schedule I hereto as the account into which remittances of collections in respect of Servicing Advance Financing AgreementReceivables and DSF under such Servicing Agreements shall be deposited.