Remittance Upon Termination Sample Clauses

Remittance Upon Termination. Upon the termination of this Agreement, Servicer shall withdraw all funds from the Collection Account and shall distribute them as follows: (a) to refund to any Obligor any funds determined to be in excess of the amounts required under the terms of the related Loan Documents; (b) to Owner, and (c) to reimburse itself for all unpaid Servicing Fees and Servicing Advances. Amounts payable to Owner shall be paid by wire transfer in immediately available funds (by 4:00 p.m., eastern time on the day of transfer) to an account designated by Owner.

Remittance Upon Termination. Upon the termination of this Agreement, the Servicer shall withdraw all funds from the Collection Account and shall distribute such funds in the following priority: (a) from amounts in the Collection Account received with respect to the Assets relating to each Owner, to reimburse itself for all unpaid Servicing Fees, Servicing Advances and Ancillary Income with respect to such Assets; and (b) to each Owner the remaining amount in the Collection Account received with respect to the Assets relating to such Owner after applying amounts pursuant to clause (a) above. Amounts payable to the Owners shall be paid by wire transfer in immediately available funds (by 3:00 p.m., eastern time on the day of transfer) to a single account designated by Metropolitan, on behalf of the Owners.

Remittance Upon Termination. Upon the termination of this Agreement, Interim Servicer shall withdraw all funds from the Collection Account and shall distribute such funds in the following priority: (a) to refund to any Obligor any funds determined to be in excess of the amounts required under the terms of the related Loan Documents; (b) to reimburse itself for all unpaid Servicing Fees, Servicing Advances and Ancillary Income; and