Common use of Receipt by Lender Clause in Contracts

Receipt by Lender. To the extent that Lender receives any funds from the sale, transfer or other disposition of a Rental Property, Lender shall apply such funds in accordance with the same order of priority set forth in Section 5(b) hereof.

Appears in 3 contracts

Sources: Loan and Security Agreement (Front Yard Residential Corp), Loan and Security Agreement (Altisource Residential Corp), Loan and Security Agreement (Altisource Residential Corp)