Common use of If Payment Not Made When Due Clause in Contracts

If Payment Not Made When Due. If and to the extent any payment is not made when due under this Agreement or any of the other Repurchase Documents, the Seller authorizes the Buyer then or at any time thereafter to charge any amounts so due and unpaid against any or all of the Seller’s accounts with the Buyer; provided that such right to charge the Seller’s accounts shall not apply to any escrow, trust or other deposit accounts designated as being held by the Seller on behalf of third party owners of the escrowed funds other than Affiliates of the Seller. The Buyer agrees to use reasonable efforts to promptly advise the Seller of any charge made pursuant to this Section 12.2, but its failure to do so will not affect the validity or collectibility of such charge. The Buyer shall not have any obligation to charge any Seller account, merely the right to do so.

If Payment Not Made When Due. If and to the extent any payment is not made when due under this Agreement or any of the other Repurchase DocumentsFacility Papers, the Seller authorizes the Buyer then or at any time thereafter to charge any amounts so due and unpaid against any or all of the Seller’s accounts with the Buyer; provided that such right to charge the Seller’s accounts shall not apply to any escrow, trust or other deposit accounts designated as being held by the Seller on behalf of third party owners of the escrowed funds other than Affiliates of the Seller. The Buyer agrees to use reasonable efforts to promptly advise the Seller of any charge made pursuant to this Section 12.2Section, but its failure to do so will not affect the validity or collectibility of such charge. The Buyer This Section 13.3 shall not have limit any obligation to charge any Seller account, merely of the right to do soBuyer’s other rights and remedies set forth in this Agreement.

If Payment Not Made When Due. If and to the extent any payment is not made when due under this Agreement or any of the other Repurchase DocumentsFacility Papers, the Seller authorizes the Buyer then or at any time thereafter to charge any amounts so due and unpaid against any or all of the Seller’s accounts with the Buyer; provided that such right to charge the Seller’s accounts shall not apply to any escrow, trust or other deposit accounts designated as being held by the Seller on behalf of third party owners of the escrowed funds other than Affiliates of the Seller. The Buyer agrees to use reasonable efforts to promptly advise the Seller of any charge made pursuant to this Section 12.213.3, but its failure to do so will not affect the validity or collectibility collectability of such charge. The Buyer This Section 13.3 shall not have limit any obligation to charge any Seller account, merely of the right to do soBuyer’s other rights and remedies set forth in this Agreement.