Remittance of Prepayments. The Borrowers shall remit, with sufficient detail to enable the Lender to appropriately identify the Mortgage Loan to which any amount remitted applies, to the Lender on each Thursday (or the next Business Day if such Thursday is not a Business Day) all principal prepayments in full (but not in part) that the Borrowers have received during the previous week that are not paid directly to the Lender. All principal amounts so remitted shall be applied to the prepayment of the Loans pursuant to Section 2.06(b) hereof.
Appears in 3 contracts
Samples: Master Loan and Security Agreement (Aames Financial Corp/De), Master Loan and Security Agreement (Aames Investment Corp), Master Loan and Security Agreement (Aames Financial Corp/De)
Remittance of Prepayments. The Borrowers shall remit, with sufficient detail to enable the Lender to appropriately identify the Mortgage Loan to which any amount remitted applies, to the Lender on each Thursday (or the next Business Day if such Thursday is not a Business Day) all principal prepayments in full (but not in part) that the Borrowers have received during the previous week that are not paid directly to the Lender. All principal amounts so remitted shall be applied to the prepayment of the Loans pursuant to Section 2.06(b) hereofweek.
Appears in 2 contracts
Samples: Master Loan and Security Agreement (American Home Mortgage Holdings Inc), Master Loan and Security Agreement (American Home Mortgage Holdings Inc)
Remittance of Prepayments. The Borrowers Borrower shall remit, with sufficient detail to enable the Lender to appropriately identify the Mortgage Loan to which any amount remitted applies, to the Lender on each Thursday (or the next Business Day if such Thursday is not a Business Day) all principal prepayments in full (but not in part) Prepayments that the Borrowers have Borrower has received during the previous week that are not paid directly to the Lender. All principal amounts so remitted shall be applied to the prepayment of the Loans pursuant to Section 2.06(b) hereofweek.
Appears in 2 contracts
Samples: Master Loan and Security Agreement (Allied Capital Corp), Master Loan and Security Agreement (Allied Capital Corp)
Remittance of Prepayments. The Each of the Borrowers shall remit, ------------------------- with sufficient detail to enable the Lender to appropriately identify the Eligible Mortgage Loan to which any amount remitted applies, to the Lender on each Thursday (or the next Business Day if such Thursday is not a Business Day) all principal prepayments in full (but not in part) that the Borrowers have such Borrower has received during the previous week that are not paid directly to the Lender. All principal amounts so remitted shall be applied to the prepayment of the Loans pursuant to Section 2.06(b) hereofweek.
Appears in 1 contract
Samples: Master Loan and Security Agreement (New Century Financial Corp)
