Common use of Reconciliation of Funds Clause in Contracts

Reconciliation of Funds. With respect to each Mortgage Loan Package, on or prior to thirty (30) days following the related Servicing Transfer Date, the Seller and the Purchaser or its designee shall resolve any discrepancies between the Seller's accounting statement and the Purchaser or its designee's reconciliation with respect thereto and, not later than three (3) Business Days after the resolution of such discrepancies, the Seller or the Purchaser or its designee as the case may be, shall transfer to the other, in immediately available funds by wire transfer, any amounts to which the other party is entitled.

Reconciliation of Funds. With respect to each Mortgage Loan Package, on or prior to thirty (30) days following the related Servicing Transfer Date, the Seller and the Purchaser or its designee shall resolve any discrepancies between the Seller's ’s accounting statement and the Purchaser or its designee's ’s reconciliation with respect thereto and, not later than three (3) Business Days after the resolution of such discrepancies, the Seller or the Purchaser or its designee as the case may be, shall transfer to the other, in immediately available funds by wire transfer, any amounts to which the other party is entitled.