Common use of THIRD PARTY LOANS AND DISTRESSED WHOLE LOANS Clause in Contracts

THIRD PARTY LOANS AND DISTRESSED WHOLE LOANS. OTHER KEY PARAMETERS Remittance Types Actual/Actual Basis during Interim Servicing Period Remittance Date See definition of Remittance Date Servicing Advances Servicer to be reimbursed monthly for all unpaid Servicing Advances incurred by Servicer in the prior month including Cost of Funds. Cost of Funds on Servicing Advances Refer to Section 5.04 Prepayment Penalties Owner will retain 100% of the prepayment penalties. Late Charges Collected Servicer will retain 75% of late charges collected by Servicer Ancillary Income Servicer will retain 100% of all Ancillary Income Delegated Authority Refer to Exhibit 10 Contract Term Refer to Section 8.01 Eligible Mortgage Loan See definition of Eligible Mortgage Loan