Payment Collections definition

Payment Collections means, collectively, all collections on the Mortgage Loans attributed to the payment of the principal amount thereof, accrued interest thereon or any fees, charges or other amounts payable thereunder or in respect thereof.
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Examples of Payment Collections in a sentence

  • At any time that no Advance is outstanding and no Obligations are due and payable, then Portfolio Payment Collections received by Lender shall be remitted to Borrower.

  • Notwithstanding the foregoing, no such Applicable Prepayment Premium shall be payable in the event such termination results from prepayment in full of the Obligations after the Advance Period by application of Portfolio Payment Collections.

  • All Payment Collections shall be remitted to the Government in the following manner:- In respect of the transactions carried out by ABC, it shall, on the next Business Day, ascertain the following base on the summary report generated by its internal system:- the total Payment Collection; and the service charges chargeable in accordance with Clause 6.1(a).

  • Transfer funds to the home agency for reimbursable Fellowship via Economy Act Order (e.g. Military Interdepartmental Purchase Order) and/or Department of Treasury Intra-Governmental Payment Collections System as appropriate, including bonuses referenced in section V c.

Related to Payment Collections

  • Net Collections With respect to any Corrected Mortgage Loan, an amount equal to all payments on account of interest and principal on such Mortgage Loan.

  • Interest Collections means, (i) with respect to any Loan Asset, all payments and collections attributable to interest on such Loan Asset, including, without limitation, all scheduled payments of interest and payments of interest relating to principal prepayments, all guaranty payments attributable to interest and proceeds of any liquidations, sales, dispositions or securitizations attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees or other amounts received in respect of Loan Assets.

  • Principal Collections means Collections of Principal Receivables.

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • Collections means, with respect to any Receivable, all cash collections and other cash proceeds in respect of such Receivable, including, without limitation, all yield, Finance Charges or other related amounts accruing in respect thereof and all cash proceeds of Related Security with respect to such Receivable.