Common use of Additional Deposits; Net Deposits Clause in Contracts

Additional Deposits; Net Deposits. The Servicer may make the remittances to be made by it pursuant to Section 4.2 net of amounts to be distributed to it pursuant to Section 4.5 (but subject to the priorities set forth therein), for so long as (i) no Event of Servicing Termination has occurred and is continuing and (ii) the Servicer has not been terminated as such pursuant to Section 9.1 hereof; PROVIDED, HOWEVER, that the Servicer shall account for all of such amounts in the related Servicer's Certificate as if such amounts were deposited and distributed separately; and PROVIDED FURTHER that, if an error is made by the Servicer in calculating the amount to be deposited or retained by it and a shortfall in the amount deposited into the Certificate Account results, the Servicer shall make a payment of the deficiency to the Certificate Account, immediately upon becoming aware, or receiving notice from the Trustee, of such shortfall.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (First Security Corp /Ut/), Pooling and Servicing Agreement (First Security Bank Na), Pooling and Servicing Agreement (First Security Bank Na)

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Additional Deposits; Net Deposits. The Servicer may --------------------------------- make the remittances to be made by it pursuant to Section 4.2 net of amounts to be distributed to it pursuant to Section 4.5 (but subject to the priorities set forth therein), for so long as (i) no Event of Servicing Termination has occurred and is continuing and (ii) the Servicer has not been terminated as such pursuant to Section 9.1 7.1 hereof; PROVIDEDprovided, HOWEVERhowever, that the Servicer shall -------- ------- account for all of such amounts in the related Servicer's Certificate as if such amounts were deposited and distributed separately; and PROVIDED FURTHER provided further that, if an error is made by the Servicer in -------- ------- calculating the amount to be deposited or retained by it and a shortfall in the amount deposited into the Certificate Collection Account results, the Servicer shall make a payment of the deficiency to the Certificate Collection Account, immediately upon becoming aware, or receiving notice from the TrusteeTrust, of such shortfall.

Appears in 1 contract

Samples: Sale and Servicing Agreement (First Security Bank Na)

Additional Deposits; Net Deposits. The Servicer may make the remittances to be made by it pursuant to Section 4.2 net of amounts to be distributed to it pursuant to Section 4.5 (but subject to the priorities set forth therein), for so long as (i) no Event of Servicing Termination has occurred and is continuing and (ii) the Servicer has not been terminated as such pursuant to Section 9.1 8.1 hereof; PROVIDED, HOWEVER, that the Servicer shall account for all of such amounts in the related Servicer's Certificate as if such amounts were deposited and distributed separately; and PROVIDED FURTHER that, if an error is made by the Servicer in calculating the amount to be deposited or retained by it and a shortfall in the amount deposited into the Certificate Collection Account results, the Servicer shall make a payment of the deficiency to the Certificate Collection Account, immediately upon becoming aware, or receiving notice from the TrusteeTrust, of such shortfall.

Appears in 1 contract

Samples: Sale and Servicing Agreement (First Security Bank Na)

Additional Deposits; Net Deposits. The Servicer may make the remittances to be made by it pursuant to Section 4.2 net of amounts to be distributed to it pursuant to Section 4.5 (but subject to the priorities set forth therein), for so long as (i) no Event of Servicing Termination has occurred and is continuing and (ii) the Servicer has not been terminated as such pursuant to Section 9.1 hereof; PROVIDEDprovided, HOWEVERhowever, that the Servicer shall account for all of such amounts in the related Servicer's Certificate as if such amounts were deposited and distributed separately; and PROVIDED FURTHER provided further that, if an error is made by the Servicer in calculating the amount to be deposited or retained by it and a shortfall in the amount deposited into the Certificate Account results, the Servicer shall make a payment of the deficiency to the Certificate Account, immediately upon becoming aware, or receiving notice from the Trustee, of such shortfallerror.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Security Auto Grantor Trust 1997-A)

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Additional Deposits; Net Deposits. The Servicer may make the remittances to be made by it pursuant to Section 4.2 net of amounts to be distributed to it pursuant to Section 4.5 (but subject to the priorities set forth therein), for so long as (i) no Event of Servicing Termination has occurred and is continuing and (ii) the Servicer has not been terminated as such pursuant to Section 9.1 hereof; PROVIDEDprovided, HOWEVERhowever, that the Servicer shall account for all of such amounts in the related Servicer's Certificate as if such amounts were deposited and distributed separately; and PROVIDED FURTHER provided further that, if an error is made by the Servicer in calculating the amount to be deposited or retained by it and a shortfall in the amount deposited into the Certificate Account results, the Servicer shall make a payment of the deficiency to the Certificate Account, immediately upon becoming aware, or receiving notice from the Trustee, of such shortfall.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Security Bank Na)

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