Transfer Date Related Payments Clause Samples

Transfer Date Related Payments. By the fifth (5th) Business Day following each applicable Transfer Date, subject to Purchaser's receipt of (i) all Custodial Funds, and (ii) substantially all of the Mortgage Files, delivery of which is in conformity with the Servicing Transfer Instructions and is confirmed by Purchaser within a reasonable period of time following receipt, Purchaser shall pay to Seller an amount equal to ninety percent (90%) of the applicable portion of the Purchase Price less the applicable portion of the amount paid to Seller under Section 3.3(a) above.