Daily Collections definition

Daily Collections. As defined in Section 8.08(c) hereof.
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Daily Collections has the meaning, with respect to a particular Trust Group, set forth in the Pooling Agreement relating to such Trust Group.
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Daily Collections. All principal and interest collections on the Home Equity Loans due after the Cut-Off Date, including any Prepayments and Net Liquidation Proceeds, other recoveries or amounts related to the Home Equity Loans received by the Master Servicer and any income from REO Mortgaged Properties, but net of (i) Net Liquidation Proceeds to the extent such Net Liquidation Proceeds exceed the sum of (a) the Principal Balance of the related Home Equity Loan immediately prior to liquidation, (b) accrued and unpaid interest on such Home Equity Loan (net of the related Servicing Fee) to the date of such liquidation (c) any Realized Losses incurred during the related Remittance Period and, (d) any related Servicing Advances, (ii) principal and interest due (and Prepayments collected) on the Home Equity Loans prior to the Cut-Off Date, excluding payments received and applied prior to the Cut-Off which are applicable to periods on and after the Cut-Off Date, (iii) reimbursements for Delinquency Advances and Servicing Advances pursuant to Section 2.08(d)(i)(D) of the Servicing Agreement and (iv) reimbursements for amounts deposited in the Principal and Interest Account representing payments of principal and/or interest on a Mortgage Note by a Mortgagor which are subsequently returned by a depository institution as unpaid,
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Examples of Daily Collections in a sentence

  • To the extent any amounts remain in the Clearance Account after such amounts have been paid, the Disbursing Agent shall issue a Disbursement Notice directing the Clearing Bank to deposit the Daily Collections into the Principal and Interest Account for the related Trust.

  • The portion of Aggregate Daily Collections allocated to the VFC Certificateholders pursuant to Article III of the Agreement shall be allocated and distributed as set forth in this Article III.

  • Operating Contract and the Louisiana Gaming Gross Revenue Share Payments (including the State's Interest in Daily Collections), are not part of the Collateral and are not included within the definition of Collateral.

  • Daily Collections Report (as provided as of the date of this Agreement), in substantially the form of Exhibit IV-A.

  • Daily Collections Report (as provided as of the date of this Agreement).

  • The Recovery Management Data shall include (i) then-current data available from CSG's Daily Collections Interface ("DCI"), as such DCI data may be updated from time to time to include additional data, and (ii) certain additional data transmitted via CSG Vantage® Infocast ("Infocast") data files set forth in that certain Statement of Work (CSG document no.

  • The Master ----------------------------------- Servicer shall direct the Trustee in writing (which may be given in the form of the Daily Reports and the Monthly Settlement Reports) to apply all amounts computed by reference to Aggregate Daily Collections with respect to the Receivables as described in this Article III and in the Supplement with respect ----------- to each Outstanding Series.

  • The Net Liquidation Proceeds from the disposition of any REO Property shall be deposited in the Collection Account and remitted to the Trustee as part of the Daily Collections remitted by the Servicer to the Trustee.

  • On such Business Day, Servicer shall allocate the remainder of Daily Collections to make current and/or deferred transfer payments to Transferor in respect of the Transferor Certificate, provided that Transferor may, from time to time, direct Servicer to direct Trustee to hold all or part of the funds to be paid pursuant to this sentence in the Master Collection Account to be applied as Daily Series Collections on the following Business Day.

  • The Leasehold Mortgagee shall acknowledge that its Leasehold Mortgage does not extend to the State's ownership interest in the Louisiana Gross Gaming Revenue Share Payments, including the State's Interest in Daily Collections.