Common use of Reimbursement of Servicing Advances Clause in Contracts

Reimbursement of Servicing Advances. 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 Holdings’ account in accordance with Holdings’ written directions. In any case, Seller shall within one (1) Business Day of the receipt thereof, remit to Holdings 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 Holdings’ written directions.

Reimbursement of Servicing Advances. 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 Holdings’ Purchaser’s account in accordance with Holdings’ Purchaser’s written directions. In any case, Seller shall within one (1) Business Day of the receipt thereof, remit to Holdings 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 Holdings’ Purchaser’s written directions.

Reimbursement of Servicing Advances. Seller shall, to the extent permitted under any Deferred Servicing Agreement cause the reimbursement of any Servicer Servicing Advances under the Deferred Servicing Agreements to be made directly into Holdings’ Purchaser’s account in accordance with Holdings’ Purchaser’s written directions. In any case, Seller shall within one (1) Business Day of the receipt thereof, remit to Holdings Purchaser any amounts that are received by Seller under any Deferred Servicing Agreement after the Closing Date as reimbursement of any Servicer Servicing Advance. Any such amounts shall be remitted in accordance with Holdings’ Purchaser’s written directions.