Turnover of Collections. If the Seller or any of its agents or representatives at any time receives any cash, checks or other instruments constituting Pool Collections, such recipient will segregate and hold such payments in trust for, and in a manner acceptable to, the Servicer and will, promptly upon receipt (and in any event within one Business Day following receipt) remit all such cash, checks and instruments, duly endorsed or with duly executed instruments of transfer, to a Lockbox Account.
Appears in 6 contracts
Samples: Purchase Agreement (Realogy Corp), Receivables Purchase Agreement (NRT Settlement Services of Missouri LLC), Receivables Purchase Agreement (Cendant Corp)
Turnover of Collections. If the Seller Transferor or any of its agents or representatives at any time receives any cash, checks or other instruments constituting Pool Collections, such recipient will segregate and hold such payments in trust for, and in a manner acceptable to, the Servicer and will, promptly upon receipt (and in any event within one Business Day following receipt) remit all such cash, checks and instruments, duly endorsed or with duly executed instruments of transfer, to a Lockbox Account.
Appears in 5 contracts
Samples: Receivables Purchase Agreement (Domus Holdings Corp), Purchase Agreement (NRT Settlement Services of Missouri LLC), Transfer and Servicing Agreement (Cendant Corp)
Turnover of Collections. If the Seller Servicer or any of its agents or representatives at any time receives any cash, checks or other instruments constituting Pool Collections, such recipient will segregate and hold such payments in trust for, and in a manner acceptable to, the Servicer Issuer and will, promptly upon receipt (and in any event within one Business Day following receipt) remit all such cash, checks and instruments, duly endorsed or with duly executed instruments of transfer, to a Lockbox Account or the Collection Account.
Appears in 5 contracts
Samples: Receivables Purchase Agreement (Domus Holdings Corp), Purchase Agreement (Realogy Corp), Purchase Agreement (NRT Settlement Services of Missouri LLC)
Turnover of Collections. If the Seller Depositor or any of its agents or representatives at any time receives any cash, checks or other instruments constituting Pool Collections, such recipient will segregate and hold such payments in trust for, and in a manner acceptable to, the Master Servicer and will, promptly upon receipt (and in any event within one two Business Day Days following receipt) remit all such cash, checks and instruments, duly endorsed or with duly executed instruments of transfer, to a Lockbox the applicable Collection Account.
Appears in 3 contracts
Samples: Master Pool Purchase Agreement (Cendant Corp), Master Pool Purchase Agreement (Wyndham Worldwide Corp), Master Pool Purchase Agreement (Cendant Corp)
Turnover of Collections. If the Seller Servicer or any of its agents or representatives at any time receives any cash, checks or other instruments constituting Pool Collections or Fee Collections, such recipient will segregate and hold such payments in trust for, and in a manner acceptable to, the Servicer Issuer and will, promptly upon receipt (and in any event within one Business Day following receipt) , remit all such cash, checks and instruments, duly endorsed or with duly executed instruments of transfer, to a Lockbox Account or the Collection Account.
Appears in 3 contracts
Samples: Servicing Agreement, Servicing Agreement (NRT Settlement Services of Missouri LLC), Servicing Agreement (Realogy Corp)
Turnover of Collections. If the Seller or any of its agents or representatives at any time receives any cash, checks or other instruments constituting Pool Collections, such recipient will segregate and hold such payments in trust for, and in a manner acceptable to, the Servicer and will, promptly upon receipt (and in any event within one Business Day following receipt) remit all such cash, checks and instruments, duly endorsed or with duly executed instruments of transfer, to a Lockbox Account.. Exhibit 10.59
Appears in 1 contract
Samples: Receivables Purchase Agreement (Domus Holdings Corp)
