Common use of Segregation of Collections Clause in Contracts

Segregation of Collections. The Originator will use reasonable efforts to minimize the deposit of any funds other than Cartus Collections or CFC Collections into any of the Lockbox Accounts and, to the extent that any such funds are deposited into any of such Lockbox Accounts, promptly will identify any such funds or will cause such funds to be so identified to the Servicer, it being understood and agreed that the Originator does not hereby assume any affirmative duty to re-direct Obligors to remit funds to alternate locations.

Appears in 3 contracts

Samples: Omnibus Amendment (Domus Holdings Corp), Omnibus Amendment (Realogy Corp), Omnibus Amendment (NRT Settlement Services of Missouri LLC)

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Segregation of Collections. The Originator will use reasonable efforts to minimize the deposit of any funds other than Cartus Collections or CFC CRC Collections into any of the Lockbox Accounts and, to the extent that the Originator has knowledge that any such funds are deposited into any of such Lockbox Accounts, promptly will identify any such funds or will cause such funds to be so identified to the Servicer, it being understood and agreed that the Originator does not hereby assume any affirmative duty to re-direct Obligors to remit funds to alternate locations.

Appears in 2 contracts

Samples: CRC Purchase Agreement, Purchase Agreement (NRT Settlement Services of Missouri LLC)

Segregation of Collections. The Originator will use reasonable efforts to minimize the deposit of any funds other than Cartus CMSC Collections or CFC CMF Collections into any of the Lockbox Accounts and, to the extent that any such funds are deposited into any of such Lockbox Accounts, promptly will identify any such funds or will cause such funds to be so identified to the Servicer, it being understood and agreed that the Originator does not hereby assume any affirmative duty to re-direct Obligors to remit funds to alternate locations.

Appears in 2 contracts

Samples: Purchase Agreement (Cendant Corp), Purchase Agreement (PHH Corp)

Segregation of Collections. The Originator will use reasonable efforts to minimize the deposit of any funds other than Cartus Collections or CFC Fee Collections into any of the Lockbox Accounts and, to the extent that any such funds are deposited into any of such Lockbox Accounts, promptly will identify any such funds or will cause such funds to be so identified to the Servicer, it being understood and agreed that the Originator does not hereby assume any affirmative duty to re-direct Obligors to remit funds to alternate locations.

Appears in 1 contract

Samples: Fee Receivables Purchase Agreement (Realogy Corp)

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Segregation of Collections. The Originator will use reasonable efforts to minimize the deposit of any funds other than Cartus Collections or CFC Fee Collections into any of the Lockbox Accounts and, to the extent that the Originator has knowledge that any such funds are deposited into any of such Lockbox Accounts, promptly will identify any such funds or will cause such funds to be so identified to the Servicer, it being understood and agreed that the Originator does not hereby assume any affirmative duty to re-direct Obligors to remit funds to alternate locations.

Appears in 1 contract

Samples: Fee Receivables Purchase Agreement (NRT Settlement Services of Missouri LLC)

Segregation of Collections. The Originator will use reasonable efforts to minimize the deposit of any funds other than Cartus CMSC Collections or CFC CMGFSC Collections into any of the Lockbox Accounts and, to the extent that any such funds are deposited into any of such Lockbox Accounts, promptly will identify any such funds or will cause such funds to be so identified to the Servicer, it being understood and agreed that the Originator does not hereby assume any affirmative duty to re-direct Obligors to remit funds to alternate locations.

Appears in 1 contract

Samples: Purchase Agreement (Realogy Corp)

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