Common use of Remittance Date Clause in Contracts

Remittance Date. The payment by the Servicer of any such interest shall not be deemed an extension of time for payment or a waiver of any Event of Default by the Servicer."

Appears in 2 contracts

Sources: Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-18), Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-15)