Common use of SERVICER REMITTANCES Clause in Contracts

SERVICER REMITTANCES. On each Servicer Remittance Date, the Servicer, shall remit to the Master Servicer the sum of the following (the “Servicer Remittance Amount”): (a) all amounts deposited in the Custodial Account as of the close of business on the Determination Date (net of charges against or withdrawals from the Custodial Account pursuant to Section 4.6); plus (b) all amounts, if any, which the Servicer is obligated to advance pursuant to Section 7.3; minus (c) any amounts attributable to Principal Prepayments received after the applicable Prepayment Period which amounts shall be remitted on the following Servicer Remittance Date, together with any additional interest required to be deposited in the Custodial Account in connection with such Principal Prepayment in accordance with Section 4.4; and minus (d) any amounts attributable to Scheduled Monthly Payments collected but due on a Due Date or Dates subsequent to the first day of the month in which such Servicer Remittance Date occurs, which amounts shall be remitted on the Servicer Remittance Date next succeeding the Due Period for such amounts. On each Servicer Remittance Date, no later than 1:00 p.m. New York City time, the Servicer shall remit the Servicer Remittance Amount by wire transfer of immediately available funds to the Master Servicer. All remittances required to be made to the Master Servicer shall be made to the following wire account or to such other account as may be specified by the Master Servicer from time to time: [ - ] ABA#: [ - ] Account Name: [ - ] Account Number: [ - ] For further credit to: [First NLC Securitization Trust 200 - ] With respect to any remittance received by the Master Servicer after the Servicer Remittance Date on which such remittance was due, the Servicer shall pay to the Master Servicer interest on any such late remittance at an annual rate equal to the Prime Rate, adjusted as of the date of each change, plus three percentage points, but in no event greater than the maximum amount permitted by applicable law. The payment by the Servicer of any such interest shall not be deemed an extension of time for payment or a waiver of any Servicer Event of Default by the Servicer.

SERVICER REMITTANCES. On each Servicer Remittance Date, the Servicer, shall remit by wire transfer of immediately available funds to the Master Servicer the sum of the following (the “Servicer Remittance Amount”): (a) all amounts deposited in the Custodial Account Accounts as of the close of business on the Determination Date (net of charges against or withdrawals from the Custodial Account pursuant to Section 4.6); plus (b) all amounts, if any, which the Servicer is obligated to advance pursuant to Section 7.3; minus (c) any amounts attributable to Principal Prepayments received after the applicable Prepayment Period which amounts shall be remitted on the following Servicer Remittance Date, together with any additional interest required to be deposited in the Custodial Account in connection with such Principal Prepayment in accordance with Section 4.4; and minus (d) any amounts attributable to Scheduled Monthly Payments collected but due on a Due Date or Dates subsequent to the first day of the month in which such of the Servicer Remittance Date occursDate, which amounts shall be remitted on the Servicer Remittance Date next succeeding the Due Period for such amounts. On each Servicer Remittance Date, no later than 1:00 p.m. New York City time, the Servicer shall remit the Servicer Remittance Amount by wire transfer of immediately available funds to the Master Servicer. All remittances required to be made to the Master Servicer shall be made to the following wire account or to such other account as may be specified by the Master Servicer from time to time: [ - ] [ ] ABA#: [ - ] Account Name: [ - ] Account Number: [ - ] For further credit to: [First NLC Securitization Trust 200 - [ ] With respect to any remittance received by the Master Servicer after the Servicer Remittance Date on which such remittance payment was due, the Servicer shall pay to the Master Servicer Indenture Trustee interest on any such late remittance payment at an annual rate equal to the Prime Rate, adjusted as of the date of each change, plus three percentage points, but in no event greater than the maximum amount permitted by applicable law. Such interest shall be deposited in the Custodial Account by the Servicer on the date such late payment is made and shall cover the period commencing with the day following the Business Day on which such payment was due and ending with the Business Day on which such payment is made, both inclusive. Such interest shall be remitted along with the distribution payable on the next succeeding Servicer Remittance Date. The payment by the Servicer of any such interest shall not be deemed an extension of time for payment or a waiver of any Servicer Event of Default by the Servicer.

SERVICER REMITTANCES. (i) On or prior to the Closing Date, the Servicers shall have established one or more separate Collection Accounts as provided in the related Servicing Agreement, each of which shall be an Eligible Account. All Monthly Payments and other amounts collected by each Servicer on the Mortgage Loans, shall, to the extent provided in the related Servicing Agreement, be deposited by such Servicer within one Business Day of receipt (or within 2 Business Days in the case of Liquidation Proceeds, Insurance Proceeds and Condemnation Proceeds) into the related Collection Account. (ii) On each Servicer Remittance Date, the Servicer, shall each Servicer is required to remit to the Master Servicer Securities Administrator all payments received during the sum related Due Period or Prepayment Period in respect of the following (Mortgage Loans serviced by it, less certain deductions as described herein and in each Servicing Agreement. The amounts remitted by each Servicer to the “Servicer Remittance Amount”):Securities Administrator shall be credited to the REMIC I Distribution Account within one Business Day of the date of the receipt thereof. (aiii) all On each Distribution Date, amounts deposited on deposit in the Custodial REMIC I Distribution Account as of the close of business on the Determination Date (net of charges against any expenses or withdrawals from amounts payable to the Custodial Account pursuant Securities Administrator under Section 10.04 hereof or to the Trustee under Section 4.6); plus (b8.05 hereof) all amounts, if any, which will be allocated by the Servicer is obligated Securities Administrator to advance pursuant to Section 7.3; minus (c) any pay amounts attributable to Principal Prepayments received after the applicable Prepayment Period which amounts shall be remitted due on the following Servicer Remittance DateREMIC I Interests, together with any additional interest required to be deposited in the Custodial Account in connection with such Principal Prepayment in accordance with Section 4.4; and minus (d2.03(b) any amounts attributable to Scheduled Monthly Payments collected but due on a Due Date or Dates subsequent to the first day of the month in which such Servicer Remittance Date occurs, which amounts shall be remitted on the Servicer Remittance Date next succeeding the Due Period for such amountsTrust Agreement. On each Servicer Remittance Distribution Date, no later than 1:00 p.m. New York City time, amounts on deposit in the Servicer shall remit the Servicer Remittance Amount by wire transfer REMIC II Distribution Account (net of immediately available funds any expenses payable to the Master Servicer. All remittances required to be made Securities Administrator under Section 10.04 hereof or to the Master Servicer shall Trustee under Section 8.05 hereof) will be made allocated by the Securities Administrator to pay amounts due on the REMIC II Interests, in accordance with Section 2.03(c). Such amounts will then be passed through the REMIC II Distribution Account and to the following wire account or to such other account as may be specified by the Master Servicer from time to time: [ - ] ABA#: [ - ] Certificate Account Name: [ - ] Account Number: [ - ] For further credit to: [First NLC Securitization Trust 200 - ] With respect to any remittance received by the Master Servicer after the Servicer Remittance Date on which such remittance was due, the Servicer shall pay for distribution to the Master Servicer interest on any such late remittance at an annual rate equal to the Prime Rate, adjusted as Certificateholders in accordance with Section 3.01 of the date of each change, plus three percentage points, but in no event greater than the maximum amount permitted by applicable law. The payment by the Servicer of any such interest shall not be deemed an extension of time for payment or a waiver of any Servicer Event of Default by the ServicerTrust Agreement.

SERVICER REMITTANCES. On each Servicer Remittance Date, Date the Servicer, in accordance with Section 7.2, shall remit by wire transfer of immediately available funds to the Master Servicer the sum of the following (the “Servicer Remittance Amount”): (a) all amounts deposited in the Custodial Account Accounts as of the close of business on the Determination Date (net of charges against or withdrawals from the Custodial Account pursuant to Section 4.6); , plus (b) all amounts, if any, which the Servicer is obligated to advance pursuant to Section 7.3; , minus (c) any amounts attributable to Principal Prepayments received after the applicable Prepayment Period which amounts shall be remitted on the following Servicer Remittance Date, together with any additional interest required to be deposited in the Custodial Account in connection with such Principal Prepayment in accordance with Section 4.4; and minus (d) any amounts attributable to Scheduled Monthly Payments collected but due on a Due Date or Dates subsequent to the first day of the month in which such of the Servicer Remittance Date occursDate, which amounts shall be remitted on the Servicer Remittance Date next succeeding the Due Period for such amounts. On each Servicer Remittance Date, no later than 1:00 p.m. New York City time, the Servicer shall remit the Servicer Remittance Amount by wire transfer of immediately available funds to the Master Servicer. All remittances required to be made to the Master Servicer shall be made to the following wire account or to such other account as may be specified by the Master Servicer from time to time: [ - ] [ ] ABA#: [ - ] Account Name: [ - ] Account Number: [ - ] For further credit to: [First NLC Securitization Trust 200 - [ ] With respect to any remittance received by the Master Servicer after the Servicer Remittance Date on which such remittance payment was due, the Servicer shall pay to the Master Servicer interest on any such late remittance payment at an annual rate equal to the Prime Rate, adjusted as of the date of each change, plus three percentage points, but in no event greater than the maximum amount permitted by applicable law. Such interest shall be deposited in the Custodial Account by the Servicer on the date such late payment is made and shall cover the period commencing with the day following the Business Day on which such payment was due and ending with the Business Day on which such payment is made, both inclusive. Such interest shall be remitted along with the distribution payable on the next succeeding Servicer Remittance Date. The payment by the Servicer of any such interest shall not be deemed an extension of time for payment or a waiver of any Servicer Event of Default by the Servicer.

SERVICER REMITTANCES. (a) On each Servicer Remittance Date, the Servicer, Servicer shall remit to the Master Servicer Securities Administrator the sum of the following (the “Servicer Remittance Amount”"SERVICER REMITTANCE AMOUNT"): (ai) all amounts deposited in the Custodial Account as of the close of business on the Determination Date (net of charges against or withdrawals from the Custodial Account pursuant to Section 4.6); plus (bii) the aggregate amount of all amountsMonthly Advances, if any, which the Servicer is obligated to advance on or before the Servicer Remittance Date pursuant to Section 7.34.5 with respect to the related Due Period; minus (ciii) any amounts attributable to Principal Prepayments received after during the applicable Prepayment Period which amounts shall be remitted on the following Servicer Remittance DatePeriod, together with any additional interest required to be deposited in the Custodial Account in connection with such Principal Prepayment in accordance with Section 4.44.5; and minus (div) any amounts attributable to Scheduled Monthly Payments collected but due on a Due Date or Dates subsequent to the first day of the month in which such Servicer Remittance Date occurs, which amounts shall be remitted on the Servicer Remittance Date next succeeding the Due Period for such amounts. . (b) On each Servicer Remittance Date, no later than 1:00 p.m. New York City time4:00 P.M., ET, the Servicer shall remit the Servicer Remittance Amount by wire transfer of immediately available funds to the Master ServicerSecurities Administrator. All remittances required to be made to the Master Servicer Securities Administrator shall be made to the following wire account or to such other account as may be specified by the Master Servicer Securities Administrator from time to time: [ - ] ABA#: [ - ] Account Name: [ - ] Account Number: [ - ] For further credit to: [First NLC Securitization Trust 200 - ] 200_-_, Account # __________ (c) With respect to any remittance received by the Master Servicer Securities Administrator after the Servicer Remittance Date on which such remittance was due, the Servicer shall pay to the Master Servicer Securities Administrator interest on any such late remittance at an annual rate equal to the Prime Rate, adjusted as of the date of each change, plus three percentage points, but in no event greater than the maximum amount permitted by applicable law, from the date such remittance was due until the date paid, both inclusive. The payment by the Servicer of any such interest shall not be deemed an extension of time for payment or a waiver of any Servicer Event of Default by the Servicer.

SERVICER REMITTANCES. (a) On each Servicer Remittance Date, the Servicer, Servicer shall remit to the Master Servicer Securities Administrator the sum of the following (the “Servicer Remittance Amount”"SERVICER REMITTANCE AMOUNT"): (ai) all amounts deposited in the Custodial Account as of the close of business on the Determination Date (net of charges against or withdrawals from the Custodial Account pursuant to Section 4.6); plus (bii) the aggregate of all amountsMonthly Advances, if any, which that the Servicer is obligated to advance on or before the Servicer Remittance Date pursuant to Section 7.34.5 with respect to the related Due Period; minus (ciii) any amounts attributable to Principal Prepayments received after during the applicable Prepayment Period which amounts shall be remitted on the following Servicer Remittance DatePeriod, together with any additional interest required to be deposited in the Custodial Account in connection with such Principal Prepayment in accordance with Section 4.44.5; and minus (div) any amounts attributable to Scheduled Monthly Payments collected but due on a Due Date or Dates subsequent to the first day of the month in which such Servicer Remittance Date occurs, which amounts shall be remitted on the Servicer Remittance Date next succeeding the Due Period for such amounts. . (b) On each Servicer Remittance Date, no later than 1:00 p.m. New York City time4:00 P.M., ET, the Servicer shall remit the Servicer Remittance Amount by wire transfer of immediately available funds to the Master ServicerSecurities Administrator. All remittances required to be made to the Master Servicer Securities Administrator shall be made to the following wire account or to such other account as may be specified by the Master Servicer Securities Administrator from time to time: [ - ] ABA#: [ - ] Account Name: [ - ] Account Number: [ - ] For further credit to: [First NLC Securitization Trust 200 - ] FNLC 200_-_, Account # __________ (c) With respect to any remittance received by the Master Servicer Securities Administrator after the Servicer Remittance Date on which such remittance was due, the Servicer shall pay to the Master Servicer Securities Administrator interest on any such late remittance at an annual rate equal to the Prime Rate, adjusted as of the date of each change, plus three percentage points, but in no event greater than the maximum amount permitted by applicable law, from the date such remittance was due until the date paid, both inclusive. The payment by the Servicer of any such interest shall not be deemed an extension of time for payment or a waiver of any Servicer Event of Default by the Servicer.

SERVICER REMITTANCES. On each Servicer Remittance Date, Date the Servicer, in accordance with Section 7.2, shall remit by wire transfer of immediately available funds to the Master Servicer the sum of the following (the “Servicer Remittance Amount”): (a) all amounts deposited in the Custodial Account Accounts as of the close of business on the Determination Date (net of charges against or withdrawals from the Custodial Account pursuant to Section 4.6); , plus (b) all amounts, if any, which the Servicer is obligated to advance pursuant to Section 7.3; , minus (c) any amounts attributable to Principal Prepayments received after the applicable Prepayment Period which amounts shall be remitted on the following Servicer Remittance Date, together with any additional interest required to be deposited in the Custodial Account in connection with such Principal Prepayment in accordance with Section 4.4; and minus (d) any amounts attributable to Scheduled Monthly Payments collected but due on a Due Date or Dates subsequent to the first day of the month in which such of the Servicer Remittance Date occursDate, which amounts shall be remitted on the Servicer Remittance Date next succeeding the Due Period for such amounts. On each Servicer Remittance Date, no later than 1:00 p.m. New York City time, the Servicer shall remit the Servicer Remittance Amount by wire transfer of immediately available funds to the Master Servicer. All remittances required to be made to the Master Servicer shall be made to the following wire account or to such other account as may be specified by the Master Servicer from time to time: [ - ] [ ] ABA#: [ - ] Account Name: [ - ] Account Number: [ - ] For further credit to: [First NLC Securitization Trust 200 - [ ] With respect to any remittance received by the Master Servicer after the Servicer Remittance Date on which such remittance payment was due, the Servicer shall pay to the Master Servicer Purchase interest on any such late remittance payment at an annual rate equal to the Prime Rate, adjusted as of the date of each change, plus three percentage points, but in no event greater than the maximum amount permitted by applicable law. Such interest shall be deposited in the Custodial Account by the Servicer on the date such late payment is made and shall cover the period commencing with the day following the Business Day on which such payment was due and ending with the Business Day on which such payment is made, both inclusive. Such interest shall be remitted along with the distribution payable on the next succeeding Servicer Remittance Date. The payment by the Servicer of any such interest shall not be deemed an extension of time for payment or a waiver of any Servicer Event of Default by the Servicer.

SERVICER REMITTANCES. (i) On or prior to the Closing Date, the Servicers shall have established one or more separate Collection Accounts as provided in the related Servicing Agreement, each of which shall be an Eligible Account. All Monthly Payments and other amounts collected by each Servicer on the Mortgage Loans, shall, to the extent provided in the related Servicing Agreement, be deposited by such Servicer within one Business Day of receipt (or within 2 Business Days in the case of Liquidation Proceeds, Insurance Proceeds and Condemnation Proceeds) into the related Collection Account. (ii) On each Servicer Remittance Date, the Servicer, shall each Servicer is required to remit to the Master Servicer Securities Administrator all payments received during the sum related Due Period or Prepayment Period in respect of the following (Mortgage Loans serviced by it, less certain deductions as described herein and in each Servicing Agreement. The amounts remitted by each Servicer to the “Servicer Remittance Amount”):Securities Administrator shall be credited to the REMIC I Distribution Account within one Business Day of the date of the receipt thereof. (aiii) all On each Distribution Date, amounts deposited on deposit in the Custodial REMIC I Distribution Account as of the close of business on the Determination Date (net of charges against any expenses or withdrawals from amounts payable to the Custodial Account pursuant Securities Administrator under Sections 7.01 and 10.04 hereof or to the Trustee under Section 4.6); plus (b8.05 hereof) all amounts, if any, which will be allocated by the Servicer is obligated Securities Administrator to advance pursuant to Section 7.3; minus (c) any pay amounts attributable to Principal Prepayments received after the applicable Prepayment Period which amounts shall be remitted due on the following Servicer Remittance DateREMIC I Interests, together with any additional interest required to be deposited in the Custodial Account in connection with such Principal Prepayment in accordance with Section 4.4; and minus (d2.03(b) any amounts attributable to Scheduled Monthly Payments collected but due on a Due Date or Dates subsequent to the first day of the month in which such Servicer Remittance Date occurs, which amounts shall be remitted on the Servicer Remittance Date next succeeding the Due Period for such amountsTrust Agreement. On each Servicer Remittance Distribution Date, no later than 1:00 p.m. New York City time, amounts on deposit in the Servicer shall remit the Servicer Remittance Amount by wire transfer REMIC II Distribution Account (net of immediately available funds any expenses payable to the Master Servicer. All remittances required to be made Securities Administrator under Section 10.04 hereof or to the Master Servicer shall Trustee under Section 8.05 hereof) will be made allocated by the Securities Administrator to pay amounts due on the REMIC II Interests, in accordance with Section 2.03(c). Such amounts will then be passed through the REMIC II Distribution Account and to the following wire account or to such other account as may be specified by the Master Servicer from time to time: [ - ] ABA#: [ - ] Certificate Account Name: [ - ] Account Number: [ - ] For further credit to: [First NLC Securitization Trust 200 - ] With respect to any remittance received by the Master Servicer after the Servicer Remittance Date on which such remittance was due, the Servicer shall pay for distribution to the Master Servicer interest on any such late remittance at an annual rate equal to the Prime Rate, adjusted as Certificateholders in accordance with Section 3.01 of the date of each change, plus three percentage points, but in no event greater than the maximum amount permitted by applicable law. The payment by the Servicer of any such interest shall not be deemed an extension of time for payment or a waiver of any Servicer Event of Default by the ServicerTrust Agreement.

SERVICER REMITTANCES. On each Servicer Remittance Date, the Servicer, Servicer shall remit to the Master Servicer Securities Administrator the sum of the following (the “Servicer Remittance Amount”): (a) all amounts deposited in the Custodial Account as of the close of business on the Determination Date (net of charges against or withdrawals from the Custodial Account pursuant to Section 4.6); plus (b) all amounts, if any, which the Servicer is obligated to advance on or before the Servicer Remittance Date pursuant to Section 7.3; minus (c) any amounts attributable to Principal Prepayments received after the applicable Prepayment Period which amounts shall be remitted on the following Servicer Remittance Date, together with any additional interest required to be deposited in the Custodial Account in connection with such Principal Prepayment in accordance with Section 4.4; and minus (d) any amounts attributable to Scheduled Monthly Payments collected but due on a Due Date or Dates subsequent to the first day of the month in which such Servicer Remittance Date occurs, which amounts shall be remitted on the Servicer Remittance Date next succeeding the Due Period for such amounts. On each Servicer Remittance Date, no later than 1:00 4:00 p.m. New York City timeE.T., the Servicer shall remit the Servicer Remittance Amount by wire transfer of immediately available funds to the Master ServicerSecurities Administrator. All remittances required to be made to the Master Servicer Securities Administrator shall be made to the following wire account or to such other account as may be specified by the Master Servicer Securities Administrator from time to time: [ - ] Wxxxx Fargo Bank, National Association ABA#: [ - ] 100000000 Account Name: [ - ] SAS Clearing Account Number: [ - ] 3000000000 For further credit to: [First NLC Securitization Trust 200 - ] FBRSI 2005-1, Account # 10000000 With respect to any remittance received by the Master Servicer Securities Administrator after the Servicer Remittance Date on which such remittance was due, the Servicer shall pay to the Master Servicer Securities Administrator interest on any such late remittance at an annual rate equal to the Prime Rate, adjusted as of the date of each change, plus three percentage points, but in no event greater than the maximum amount permitted by applicable law, from the date such remittance was due until the date paid, both inclusive. The payment by the Servicer of any such interest shall not be deemed an extension of time for payment or a waiver of any Servicer Event of Default by the Servicer.

SERVICER REMITTANCES. (a) On each Servicer Remittance DateDate by no later than 3:00 p.m. New York City time, the Servicer, Servicer shall remit by wire transfer of immediately available funds to the Master Servicer Trustee the sum of the following (the “Servicer Remittance Amount”): (ai) all amounts deposited in the Custodial Account Accounts as of the close of business on the Determination Date (net of charges against or withdrawals from the Custodial Account pursuant to Section 4.6); , plus (bii) all amounts, if any, which the Servicer is obligated to advance pursuant to Section 7.3; 7.4, minus (ciii) any amounts attributable to Principal Prepayments received after the applicable Prepayment Period which amounts shall be remitted on the following Servicer Remittance Date, together with any additional interest required to be deposited in the Custodial Account in connection with such Principal Prepayment Prepayments in accordance with Section 4.4; , and minus (div) any amounts attributable to Scheduled Monthly Payments collected but due on a Due Date or Dates subsequent to the first day of the calendar month in which such of the Servicer Remittance Date occursDate, which amounts shall be remitted on the Servicer Remittance Date next succeeding the Due Period for such amounts. On each Servicer Remittance Date, no later than 1:00 p.m. New York City time, the Servicer shall remit the Servicer Remittance Amount by wire transfer of immediately available funds to the Master Servicer. All remittances required to be made to the Master Servicer Trustee shall be made to the following wire account or to such other account as may be specified by the Master Servicer Trustee from time to time: [ - ] ABA#: [ - ] Account Name: [ - ] Account Number: [ - ] For further credit to: [First NLC Securitization Trust 200 - ] With respect to any remittance received by the Master Servicer Trustee after the Servicer Remittance Date on which such remittance payment was due, the Servicer shall pay to the Master Servicer Trustee interest on any such late remittance payment at an annual rate equal to the Prime Rate, adjusted as of the date of each change, plus three percentage points, but in no event greater than the maximum amount permitted by applicable law. Such interest shall be deposited in the Custodial Account by the Servicer on the date such late payment is made and shall cover the period commencing with the day following the Business Day on which such payment was due and ending with the Business Day on which such payment is made, both inclusive. Such interest shall be remitted on the next succeeding Servicer Remittance Date. The payment by the Servicer of any such interest shall not be deemed an extension of time for payment or a waiver of any Servicer Event of Default by the Servicer.

SERVICER REMITTANCES. (a) On each Servicer Remittance Date, the Servicer, Servicer shall remit to the Master Servicer Securities Administrator the sum of the following (the “Servicer Remittance Amount”): (ai) all amounts deposited in the Custodial Account as of the close of business on the Determination Date (net of charges against or withdrawals from the Custodial Account pursuant to Section 4.6); plus (bii) the aggregate amount of all amountsMonthly Advances, if any, which the Servicer is obligated to advance on or before the Servicer Remittance Date pursuant to Section 7.34.5 with respect to the related Due Period; minus (ciii) any amounts attributable to Principal Prepayments received after during the applicable Prepayment Period which amounts shall be remitted on the following Servicer Remittance DatePeriod, together with any additional interest required to be deposited in the Custodial Account in connection with such Principal Prepayment in accordance with Section 4.44.5; and minus (div) any amounts attributable to Scheduled Monthly Payments collected but due on a Due Date or Dates subsequent to the first day of the month in which such Servicer Remittance Date occurs, which amounts shall be remitted on the Servicer Remittance Date next succeeding the Due Period for such amounts. . (b) On each Servicer Remittance Date, no later than 1:00 p.m. New York City time4:00 P.M., ET, the Servicer shall remit the Servicer Remittance Amount by wire transfer of immediately available funds to the Master ServicerSecurities Administrator. All remittances required to be made to the Master Servicer Securities Administrator shall be made to the following wire account or to such other account as may be specified by the Master Servicer Securities Administrator from time to time: [ - ] ABA#: [ - ] Account Name: [ - ] Account Number: [ - ] For further credit to: [First NLC Securitization Trust FBRSI 200 - ] , Account # (c) With respect to any remittance received by the Master Servicer Securities Administrator after the Servicer Remittance Date on which such remittance was due, the Servicer shall pay to the Master Servicer Securities Administrator interest on any such late remittance at an annual rate equal to the Prime Rate, adjusted as of the date of each change, plus three percentage points, but in no event greater than the maximum amount permitted by applicable law, from the date such remittance was due until the date paid, both inclusive. The payment by the Servicer of any such interest shall not be deemed an extension of time for payment or a waiver of any Servicer Event of Default by the Servicer.