Common use of Remittance of Prepayments Clause in Contracts

Remittance of Prepayments. The 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 that the Borrower has received during the previous week.

Appears in 1 contract

Samples: Security Agreement (New Century Financial Corp)

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Remittance of Prepayments. The Borrower 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 that the Borrower has received during the previous week.

Appears in 1 contract

Samples: Master Loan and Security Agreement (BNC Mortgage Inc)

Remittance of Prepayments. The Borrower Borrowers shall remit, with sufficient detail to enable the Lender Agent to appropriately identify the Mortgage Loan to which any amount remitted applies, to the Lender Agent on each Thursday (or the next Business Day if such Thursday is not a Business Day) all principal prepayments that the Borrower has Borrowers have received during the previous week.

Appears in 1 contract

Samples: Master Loan and Security Agreement (American Home Mortgage Investment Corp)

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Remittance of Prepayments. The Borrower Sellers shall remit, with sufficient detail to enable the Lender Agent to appropriately identify the Mortgage Purchased Loan to which any amount remitted applies, to the Lender Agent on each Thursday (or the next Business Day if such Thursday is not a Business Day) all principal prepayments that the Borrower has Sellers have received during the previous week.

Appears in 1 contract

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

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