Repurchase Prices and Substitution Shortfall Amounts. The Buyer or Servicer shall direct that the Seller remit all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts to the Collection Account. In the event that more than one Timeshare Loan is substituted pursuant to any of Sections 7(a) through 7(c) hereof on any date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such date.
Appears in 3 contracts
Sources: Loan Sale and Servicing Agreement (Diamond Resorts Corp), Loan Sale and Servicing Agreement (Diamond Resorts Parent, LLC), Loan Sale and Servicing Agreement (Diamond Resorts Parent, LLC)