Common use of Accounts Clause in Contracts

Accounts. Seller shall inform the Mortgagors of Mortgage Loans at its own expense to remit their mortgage payments to the Lockbox Account, and any change in such instructions shall only be permitted with the express written consent of Purchaser.

Appears in 75 contracts

Sources: Future Spread Agreement for Non Agency Mortgage Loans, Current Excess Servicing Spread Acquisition Agreement, Current Excess Servicing Spread Acquisition Agreement