Common use of Act as Servicer Clause in Contracts

Act as Servicer. (a) Pursuant to the Servicing Agreement and this Servicer Notice, Servicer will remit (i) all collections on the Mortgage Loans to the following account: PennyMac Corp. for the benefit of Credit Suisse First Boston Mortgage Capital LLC Depository: City National Bank ABA#: ********* Account Name: PMC Sellers Account Account #: ***-****** PennyMac Corp. for the benefit of Credit Suisse First Boston Mortgage Capital LLC Depository: City National Securities, Inc. ABA#: ********* Account Name: PMC Sellers Account Account #: ********* PennyMac Holdings, LLC for the benefit of Credit Suisse First Boston Mortgage Capital LLC Depository: City National Bank ABA#: ********* Account Name: PennyMac Holdings Sellers Account Account #: ***-****** PennyMac Holdings, LLC for the benefit of Credit Suisse First Boston Mortgage Capital LLC Depository: City National Securities, Inc. ABA#: ********* Account Name: PennyMac Holdings Sellers Account Account #: *********