Common use of Additional Deposits to the Clause in Contracts

Additional Deposits to the. Collection Account and Withdrawals from the Reserve Account. (a) The Servicer will deposit into the Collection Account the aggregate Advances pursuant to Sections 4.5(a), (b) and (c). The Servicer and the Seller will deposit into the Collection Account the aggregate Purchase Amounts with respect to Purchased Receivables and the Servicer will deposit into the Collection Account all amounts to be paid under Section 9.1. All such deposits with respect to a Collection Period will be made, in immediately available funds, on the Business Day preceding the Payment Date (or, with Rating Agency Confirmation, on the Payment Date) related to such Collection Period.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC), Sale and Servicing Agreement (Ford Credit Auto Receivables Two LLC)

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