Settlement Account. Disbursement Agent on behalf of ▇▇▇▇▇ has established the Settlement Account. Seller acknowledges that ▇▇▇▇▇ acts as ▇▇▇▇▇▇’s agent for the limited purpose of placing funds with the Disbursement Agent, and that funds held by ▇▇▇▇▇ as Seller’s agent are not a deposit account or other liability of Buyer. Buyer shall maintain records of ▇▇▇▇▇▇’s interest in the funds maintained in the Settlement Account.
Appears in 6 contracts
Sources: Master Repurchase Agreement and Securities Contract (Radian Group Inc), Master Repurchase Agreement and Securities Contract (UWM Holdings Corp), Master Repurchase Agreement and Securities Contract (Radian Group Inc)
Settlement Account. Disbursement Agent on behalf of ▇▇▇▇▇ Buyer has established the Settlement Account. Seller acknowledges that ▇B▇▇▇▇ acts as ▇S▇▇▇▇▇’s agent for the limited purpose of placing funds with the Disbursement Agent, and that funds held by ▇B▇▇▇▇ as Seller’s agent are not a deposit account or other liability of Buyer. Buyer shall maintain records of ▇S▇▇▇▇▇’s interest in the funds maintained in the Settlement Account.
Appears in 2 contracts
Sources: Master Repurchase Agreement and Securities Contract (Radian Group Inc), Master Repurchase Agreement and Securities Contract (Radian Group Inc)
Settlement Account. Disbursement Agent on behalf of ▇▇▇▇▇ Buyer has established the Settlement Account. Seller acknowledges that ▇▇▇▇▇ acts as ▇▇▇▇▇▇’s agent for the limited purpose of placing funds with the Disbursement Agent, and that funds held by ▇▇▇▇▇ as Seller’s agent are not a deposit account or other liability of Buyer. Buyer shall maintain records of ▇▇▇▇▇▇’s interest in the funds maintained in the Settlement Account.
Appears in 1 contract
Sources: Master Repurchase Agreement and Securities Contract (UWM Holdings Corp)