Common use of Payment and Transfer Clause in Contracts

Payment and Transfer. (a) Unless otherwise agreed by Seller and Purchaser, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to Purchaser all payments required to be made by it to Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by Purchaser. Any payments received by Purchaser after 4:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 5 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (Walter Investment Management Corp), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

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Payment and Transfer. (a) Unless otherwise agreed by Seller and Purchaser, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to Purchaser all payments required to be made by it to Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by Purchaser. Any payments received by Purchaser after 4:00 5:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 4 contracts

Samples: Master Repurchase Agreement (Velocity Financial, LLC), Master Repurchase Agreement (UWM Holdings Corp), Master Repurchase Agreement (loanDepot, Inc.)

Payment and Transfer. (a) Unless otherwise agreed by Seller and the Purchaser, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to the Purchaser all payments required to be made by it to the Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by the Purchaser. Any payments received by Purchaser after 4:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Walter Investment Management Corp), Master Repurchase Agreement (DITECH HOLDING Corp)

Payment and Transfer. (a) Unless otherwise agreed by Seller and PurchaserPurchasers, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to the related Purchaser all payments required to be made by it to the related Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by the related Purchaser. Any payments received by Purchaser Purchasers after 4:00 5:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Nationstar Mortgage Holdings Inc.), Master Repurchase Agreement (Nationstar Mortgage Holdings Inc.)

Payment and Transfer. (a) Unless otherwise agreed by Seller and Purchaser, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to Purchaser all payments required to be made by it to Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by Purchaser. Any payments received by Purchaser after 4:00 5:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Five Oaks Investment Corp.), Master Repurchase Agreement (Two Harbors Investment Corp.)

Payment and Transfer. (a) Unless otherwise agreed by Seller Xxxxxx and Purchaser, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to Purchaser all payments required to be made by it to Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by Purchaser. Any payments received by Purchaser after 4:00 5:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

Payment and Transfer. (a) Unless otherwise agreed by Seller and Purchaser, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to the Purchaser all payments required to be made by it to the Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by the Purchaser. Any payments received by Purchaser after 4:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Pennymac Financial Services, Inc.)

Payment and Transfer. (a) Unless otherwise agreed by Seller Xxxxxx and Purchaser, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to the Purchaser all payments required to be made by it to the Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by the Purchaser. Any payments received by Purchaser after 4:00 5:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Mr. Cooper Group Inc.)

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Payment and Transfer. (a) Unless otherwise agreed by Seller and PurchaserPurchasers, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to the Agent on behalf of the related Purchaser all payments required to be made by it to such Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by Purchaserthe Agent. Any payments received by Purchaser Agent after 4:00 5:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Caliber Home Loans, Inc.)

Payment and Transfer. (a) Unless otherwise agreed by Seller and Purchaser, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to Purchaser all payments required to be made by it to Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by Purchaser. Any payments received by Purchaser after 4:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Walter Investment Management Corp)

Payment and Transfer. (a) Unless otherwise agreed by Seller and Purchaser, all transfers of funds hereunder shall be in Dollars in immediately available funds. The Seller shall remit (or, if applicable, shall cause to be remitted) directly to the Purchaser all payments required to be made by it to the Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by the Purchaser. Any payments received by Purchaser after 4:00 5:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Home Loan Servicing Solutions, Ltd.)

Payment and Transfer. (a) Unless otherwise agreed by Seller and PurchaserPurchaser or as otherwise provided herein or in any other Repurchase Document, all transfers of funds hereunder shall be in Dollars in immediately available funds. Seller shall remit (or, if applicable, shall cause to be remitted) directly to Purchaser all payments required to be made by it to Purchaser hereunder or under any other Program Document in accordance with wire instructions provided by Purchaser. Any payments received by Purchaser after 4:00 5:00 p.m. (New York City time) shall be applied on the next succeeding Business Day.

Appears in 1 contract

Samples: Master Repurchase Agreement (Home Point Capital Inc.)

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