Servicer Remittance Date. The date or dates under the related Servicing Contract on which a Direct Servicer or Subservicer is required to transfer amounts in the Custodial Account to the Master Servicer or the Trustee for deposit to a Certificate Account. In no event will any Servicer Remittance Date for amounts due to be distributed on a particular Distribution Date be later than the Business Day immediately preceding the Distribution Date on which these funds are to be distributed to Holders.
Appears in 7 contracts
Samples: Master Trust Agreement, Federal National Mortgage Association, Federal National Mortgage Association
Servicer Remittance Date. The date or dates under the related Servicing Contract on which a Direct Primary Servicer or Subservicer is required to transfer amounts in the Custodial Account to the Master Servicer or the Trustee for deposit to a Certificate Account. In no event will any Servicer Remittance Date for amounts due to be distributed on a particular Distribution Date be later than the Business Day immediately preceding the Distribution Date on which these funds are to be distributed to Holders.
Appears in 5 contracts
Samples: Multifamily Master Trust Agreement, Multifamily Master Trust Agreement, Federal National Mortgage Association
