Common use of Remittance of Prepayments Clause in Contracts

Remittance of Prepayments. Seller shall remit or cause to be remitted to Buyer, with sufficient detail via Electronic Transmission to enable Buyer to appropriately identify the Mortgage Loan to which any amount remitted applies, all full or partial principal prepayments on any Purchased Asset that Seller has received no later than one (1) Business Day following the date such prepayment was received.

Appears in 5 contracts

Samples: Master Repurchase Agreement (American Home Mortgage Holdings Inc), Master Repurchase Agreement (American Home Mortgage Investment Corp), Master Repurchase Agreement (American Home Mortgage Holdings Inc)

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Remittance of Prepayments. Seller shall remit or cause to be remitted to Buyer, with sufficient detail via Electronic Transmission to enable Buyer to appropriately identify the Mortgage Loan Asset to which any amount remitted applies, all full or partial principal prepayments on any Purchased Asset that Seller or Servicer has received no later than one five (15) Business Day Days following the date such prepayment was received.

Appears in 4 contracts

Samples: Master Repurchase Agreement (CBRE Realty Finance Inc), Master Repurchase Agreement (Gramercy Capital Corp), Repurchase Agreement (Gramercy Capital Corp)

Remittance of Prepayments. Seller shall remit or cause to be remitted to Buyer, with sufficient detail via Electronic Transmission to enable Buyer to appropriately identify the Mortgage Loan Purchased Assets to which any amount remitted applies, all full or partial principal prepayments on any Purchased Asset that Seller or Servicer has received no later than one five (15) Business Day Days following the date such prepayment was received.

Appears in 3 contracts

Samples: Master Repurchase Agreement (ECC Capital CORP), Master Repurchase Agreement (ECC Capital CORP), Master Repurchase Agreement (ECC Capital CORP)

Remittance of Prepayments. The Seller shall remit or cause to be remitted to Buyer, the Purchaser with sufficient detail detail, via Electronic Transmission Transmission, to enable Buyer the Purchaser to appropriately identify the Mortgage Loan Purchased Item to which any amount remitted applies, all full or partial principal prepayments (regardless of the source of repayment) on any Purchased Asset Item that Seller the Seller, a Servicer or a PSA Servicer has received or that have been deposited into the Collection Account no later than one (1) Business Day Days following the date such prepayment was receivedreceived or deposited.

Appears in 2 contracts

Samples: Loan Purchase and Repurchase Agreement (Arbor Realty Trust Inc), Repurchase Agreement (Arbor Realty Trust Inc)

Remittance of Prepayments. Seller shall remit or cause to be remitted to Buyer, with sufficient detail via Electronic Transmission to enable Buyer to appropriately identify the Mortgage Loan to which any amount remitted applies, all full or partial principal prepayments on any Purchased Asset that Seller has received no later than one on a weekly basis, to be paid on Thursday of the next succeeding week (1) or the next Business Day following the date such prepayment was receivedDay).

Appears in 2 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

Remittance of Prepayments. Seller shall remit or cause to be remitted to Buyer, with sufficient detail via Electronic Transmission to enable Buyer to appropriately identify the Mortgage Loan to which any amount remitted applies, all full or partial principal prepayments on any Purchased Asset that Seller or Servicer has received no later than one on a weekly basis, to be paid on Thursday of the next succeeding week (1) or the next Business Day following the date such prepayment was receivedDay).

Appears in 2 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

Remittance of Prepayments. Seller shall remit or cause to be remitted to Buyer, with sufficient detail via Electronic Transmission to enable Buyer to appropriately identify the Mortgage Loan to which any amount remitted applies, all full or partial principal prepayments on any Purchased Asset that Seller or Servicer has received no later than one (1) Business Day following the date such prepayment was received.

Appears in 1 contract

Samples: Master Repurchase Agreement (Oak Street Financial Services Inc)

Remittance of Prepayments. The Seller shall remit or cause to be remitted to Buyerremit, with sufficient detail via Electronic Transmission to enable the Buyer to appropriately identify the Mortgage Loan to which any amount remitted applies, all full or partial principal prepayments on any Purchased Asset relating to a Mortgage Loan that the Seller has received after the sale of the Mortgage Loan to the Buyer no later than one (1) Business Day following the date such prepayment was received.

Appears in 1 contract

Samples: Master Repurchase Agreement (Starnet Financial Inc)

Remittance of Prepayments. Seller shall remit or cause to be remitted to Buyer, with sufficient detail via Electronic Transmission to enable Buyer to appropriately identify the Mortgage Loan Asset to which any amount remitted applies, all full or partial principal prepayments on any Purchased Asset that Seller or Servicer has received no later than one (1) Business Day following the date such prepayment was received.

Appears in 1 contract

Samples: Master Repurchase Agreement (Winston Hotels Inc)

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Remittance of Prepayments. Seller shall remit or cause to be remitted to Buyer, with sufficient detail via Electronic Transmission to enable Buyer to appropriately identify the Mortgage Loan to which any amount remitted applies, all full or partial principal prepayments payments on any Purchased Asset that Seller or Servicer has received no later than one (1) Business Day the Payment Date next following the date such prepayment was received.

Appears in 1 contract

Samples: Master Repurchase Agreement (Hanover Capital Mortgage Holdings Inc)

Remittance of Prepayments. The Seller shall remit or cause to be remitted to the Buyer, with sufficient detail via Electronic Transmission to enable the Buyer to appropriately identify the Mortgage Loan to which any amount remitted applies, all full or partial principal prepayments on any Purchased Asset that the Seller or the Servicer has received no later than one on a weekly basis, to be paid on Thursday of the next succeeding week (1) or the next Business Day following the date such prepayment was receivedDay).

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

Remittance of Prepayments. Seller shall remit or cause to be remitted to Buyer, with sufficient detail via Electronic Transmission to enable Buyer to appropriately identify the Mortgage Loan or Mezzanine Loan to which any amount remitted applies, all full or partial principal prepayments on any Purchased Asset that Seller or Servicer has received no later than one (1) Business Day following the date such prepayment was received.

Appears in 1 contract

Samples: Master Repurchase Agreement (Rait Investment Trust)

Remittance of Prepayments. Seller shall remit or cause to be remitted to Buyer, with sufficient detail via Electronic Transmission to enable Buyer to appropriately identify the Mortgage Loan to which any amount remitted applies, all full principal prepayments or partial principal prepayments in excess of $10,000 on any Purchased Asset that Seller or Servicer has received no later than one (1) Business Day following the date such prepayment was received.

Appears in 1 contract

Samples: Master Repurchase Agreement (WMC Finance Co)

Remittance of Prepayments. Seller shall remit or cause to be remitted ------------------------- to Buyer, with sufficient detail via Electronic Transmission to enable Buyer to appropriately identify the Mortgage Loan to which any amount remitted applies, all full or partial principal prepayments on any Purchased Asset that Seller has received no later than one on a weekly basis, to be paid on Thursday of the next succeeding week (1) or the next Business Day following the date such prepayment was receivedDay).

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

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