Collateral Proceeds. The Borrower and the Servicer shall instruct all Approved Investors to cause all payments in respect of Take-Out Commitments on Mortgage Loans to be deposited directly in the Collection Account.
Appears in 6 contracts
Sources: Loan Agreement, Securitization Agreement, Loan Agreement (Lennar Corp /New/)
Collateral Proceeds. The Borrower and the Servicer shall instruct all Approved Investors to cause all payments in respect of Take-Out Commitments on Mortgage Loans to be deposited directly in the Collection Cash and Collateral Account.
Appears in 2 contracts
Sources: Loan Agreement (Pulte Homes Inc/Mi/), Loan Agreement (Pulte Homes Inc/Mi/)