Payments to Borrowers Affected by Service Transfers and Property Preservation Practices. Within twenty-five (25) calendar days of the Effective Date of this Order, consistent with this Agreement, Exhibit B and instructions provided by the Executive Committee, Nationstar shall deposit Six Million, Four Hundred and Thirty-Four Thousand, and One Hundred Dollars ($6,434,100.00) (the “Borrower Payment Amount”) by electronic funds transfer into the Qualified Settlement Fund Distribution Account. The Borrower Payment Amount and any other funds provided to the Settlement Administrator for these purposes under paragraph 6 of this Section shall be administered in accordance with the terms set forth in Exhibit B. The Borrower Payment Amount shall be used: (1) for payments to borrowers who submit claims and are in either or both of the Service Transfer and Property Preservation Populations set forth below; and (2) for reasonable costs and expenses of the Settlement Administrator, including taxes and fees for tax counsel. The Populations eligible to receive payments are defined as follows:
Appears in 7 contracts
Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement
