Disposition of Proceeds. The Indenture Trustee shall, upon receipt thereof, deposit the proceeds of any liquidation of the Trust Estate pursuant to this Article V to the Note Account; provided, however, that any amounts representing unreimbursed Delinquency Advances and Servicing Advances theretofore funded by the Servicer from the Servicer's own funds shall be paid by the Indenture Trustee to the Servicer from the proceeds of the Trust Estate. END OF ARTICLE V
Appears in 6 contracts
Sources: Sale and Servicing Agreement (Bear Stearns Asset Backed Securities Inc), Sale and Servicing Agreement (Amresco Residential Securities Corp), Sale and Servicing Agreement (Imc Securities Inc)
Disposition of Proceeds. The Indenture Trustee shall, upon receipt thereof, deposit the proceeds of any liquidation of the Trust Estate pursuant to this Article V to the Note Account; provided, however, that any amounts representing Servicing Fees, unreimbursed Delinquency Advances and or unreimbursed Servicing Advances theretofore funded by the Servicer from the Servicer's own funds shall be paid by the Indenture Trustee to the Servicer from the proceeds of the Trust Estate. END OF ARTICLE V.
Appears in 3 contracts
Sources: Sale and Servicing Agreement (First Alliance Mortgage Loan Trust 1998-1f), Sale and Servicing Agreement (First Alliance Mortgage Co /De/), Sale and Servicing Agreement (First Alliance Mortgage Loan Trust 1998-1a)
Disposition of Proceeds. The Indenture Trustee shall, upon receipt thereof, deposit the proceeds of any liquidation of the Trust Estate pursuant to this Article V to the Note Account; provided, however, that any amounts representing unreimbursed Delinquency Advances and Servicing Advances theretofore funded by the Servicer from the Servicer's own funds shall be paid by the Indenture Trustee to the Servicer from the proceeds of the Trust Estate. END OF ARTICLE VV ARTICLE VI
Appears in 1 contract
Sources: Sale and Servicing Agreement (Imc Home Equity Loan Owner Trust 1997-6)
Disposition of Proceeds. The Indenture Trustee shall, upon receipt thereof, deposit the proceeds of any liquidation of the Trust Estate pursuant to this Article V to the related Note Account; provided, however, that any amounts representing unreimbursed Delinquency Advances and Servicing Advances theretofore funded by the Servicer from the Servicer's own funds shall be paid by the Indenture Trustee to the Servicer from the proceeds of the Trust Estate. END OF ARTICLE V
Appears in 1 contract
Sources: Sale and Servicing Agreement (Imc Home Equity Loan Owner Trust 1998-7)