Additional Deposits. (a) The following additional deposits shall be made to the Collection Account one (1) day prior to each Payment Date: (i) the RPA Seller shall remit the aggregate Warranty Purchase Payments with respect to Warranty Receivables pursuant to Section 2.04 and (ii) the Servicer shall remit (A) any extension fee charged in connection with the extension of a Receivable pursuant to Section 3.02, (B) the aggregate Advances pursuant to Section 4.04(a), (C) the aggregate Administrative Purchase Payments with respect to Administrative Receivables pursuant to Section 3.08, and (D) the amount required upon the optional purchase of all Receivables by the Servicer or any successor to the Servicer pursuant to Section 8.01. (b) [Reserved] (c) All deposits required to be made in respect of a Collection Period pursuant to this Section by the Seller or the Servicer, as the case may be, may be made in the form of a single deposit and shall be made in immediately available funds, on the related Deposit Date.
Appears in 52 contracts
Sources: Sale and Servicing Agreement (Honda Auto Receivables 2023-2 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2023-2 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2023-1 Owner Trust)
Additional Deposits. (a) The following additional deposits shall be made to the Collection Account one (1) day prior to each Payment Date: (i) the RPA Seller shall remit the aggregate Warranty Purchase Payments with respect to Warranty Receivables pursuant to Section 2.04 and (ii) the Servicer shall remit (A) any extension fee charged in connection with the extension of a Receivable pursuant to Section 3.02, (B) the aggregate Advances pursuant to Section 4.04(a), (C) the aggregate Administrative Purchase Payments with respect to Administrative Receivables pursuant to Section 3.08, 3.08 and (D) the amount required upon the optional purchase of all Receivables by the Servicer or any successor to the Servicer pursuant to Section 8.01.
(b) [Reserved]
(c) All deposits required to be made in respect of a Collection Period pursuant to this Section by the Seller or the Servicer, as the case may be, may be made in the form of a single deposit and shall be made in immediately available funds, on the related Deposit Date.
Appears in 43 contracts
Sources: Sale and Servicing Agreement (Honda Auto Receivables 2015-4 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2015-4 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2015-3 Owner Trust)
Additional Deposits. (a) The following additional deposits shall be made to the Collection Account one (1) day prior to each Payment Date: (i) the RPA Seller shall remit the aggregate Warranty Purchase Payments with respect to Warranty Receivables pursuant to Section 2.04 and (ii) the Servicer shall remit (A) any extension fee charged in connection with the extension of a Receivable pursuant to Section 3.02, (B) the amount required to be remitted in respect of certain full Prepayments pursuant to Section 3.03, (C) the aggregate Advances pursuant to Section 4.04(a), (CD) the aggregate Administrative Purchase Payments with respect to Administrative Receivables pursuant to Section 3.08, 3.08 and (DE) the amount required upon the optional purchase of all Receivables by the Servicer or any successor to the Servicer pursuant to Section 8.01.
(b) [Reserved]
(c) All deposits required to be made in respect of a Collection Period pursuant to this Section by the Seller or the Servicer, as the case may be, may be made in the form of a single deposit and shall be made in immediately available funds, on the related Deposit Date.
Appears in 22 contracts
Sources: Sale and Servicing Agreement (Honda Auto Receivables 2006-2 Owner Trust), Sale and Servicing Agreement (American Honda Receivables Corp), Sale and Servicing Agreement (Honda Auto Receivables 2005-5 Owner Trust)
Additional Deposits. (a) The following additional deposits shall be made to the Collection Account one (1) day Business Day prior to each Payment Date: (i) the RPA Seller shall remit the aggregate Warranty Purchase Payments with respect to Warranty Receivables pursuant to Section 2.04 and (ii) the Servicer shall remit (A) any extension fee charged in connection with the extension of a Receivable pursuant to Section 3.02, (B) the aggregate Advances pursuant to Section 4.04(a), (C) the aggregate Administrative Purchase Payments with respect to Administrative Receivables pursuant to Section 3.08, and (D) the amount required upon the optional purchase of all Receivables by the Servicer or any successor to the Servicer pursuant to Section 8.01.
(b) [Reserved]
(c) All deposits required to be made in respect of a Collection Period pursuant to this Section by the Seller or the Servicer, as the case may be, may be made in the form of a single deposit and shall be made in immediately available funds, on the related Deposit Date.
Appears in 20 contracts
Sources: Sale and Servicing Agreement (Honda Auto Receivables 2025-4 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2025-4 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2025-3 Owner Trust)
Additional Deposits. (a) The following additional deposits shall be made to the Collection Account one (1) day prior to each Payment Date: (i) the RPA Seller shall remit the aggregate Warranty Purchase Payments with respect to Warranty Receivables pursuant to Section 2.04 and (ii) the Servicer shall remit (A) any extension fee charged in connection with the extension of a Receivable pursuant to Section 3.02, (B) the aggregate Advances pursuant to Section 4.04(a), (C) the aggregate Administrative Purchase Payments with respect to Administrative Receivables pursuant to Section 3.08, [(D) all Swap Payments Incoming and Swap Termination Payments received from the Swap Counterparty,] and (DE) the amount required upon the optional purchase of all Receivables by the Servicer or any successor to the Servicer pursuant to Section 8.01.
(b) [ReservedThe Indenture Trustee will promptly, on the day of receipt, deposit into the Collection Account all Swap Payments Incoming received by it under the Swap Agreement in immediately available funds.]
(c) All deposits required to be made in respect of a Collection Period pursuant to this Section by the Seller or the Servicer, as the case may be, may be made in the form of a single deposit and shall be made in immediately available funds, on the related Deposit Date.
Appears in 3 contracts
Sources: Sale and Servicing Agreement (American Honda Receivables LLC), Sale and Servicing Agreement (American Honda Receivables LLC), Sale and Servicing Agreement (American Honda Receivables LLC)
Additional Deposits. (a) The following additional deposits shall be made to the Collection Account one (1) day prior to each Payment Distribution Date: (i) the RPA Seller shall remit the aggregate Warranty Purchase Payments with respect to Warranty Receivables pursuant to Section 2.04 and (ii) the Servicer shall remit (A) any extension fee charged in connection with the extension of a Receivable pursuant to Section 3.02, (B) the amount required to be remitted in respect of certain full Prepayments pursuant to Section 3.03, (C) the aggregate Advances pursuant to Section 4.04(a), (CD) the aggregate Administrative Purchase Payments with respect to Administrative Receivables pursuant to Section 3.08, 3.08 and (DE) the amount required upon the optional purchase of all Receivables by the Servicer or any successor to the Servicer pursuant to Section 8.01.
(b) [Reserved]
(c) All deposits required to be made in respect of a Collection Period pursuant to this Section by the Seller or the Servicer, as the case may be, may be made in the form of a single deposit and shall be made in immediately available funds, on the related Deposit Date.
Appears in 3 contracts
Sources: Sale and Servicing Agreement (Honda Auto Receivables 2002-2 Owner Trust), Sale and Servicing Agreement (American Honda Receivables Corp), Sale and Servicing Agreement (Honda Auto Receivables 2001-3 Owner Trust)
Additional Deposits. (a) The following additional deposits shall be made to the Collection Account one (1) day prior to each Payment Date: (i) the RPA Seller shall remit the aggregate Warranty Purchase Payments with respect to Warranty Receivables pursuant to Section 2.04 and (ii) the Servicer shall remit (A) any extension fee charged in connection with the extension of a Receivable pursuant to Section 3.02, (B) the aggregate Advances pursuant to Section 4.04(a), (C) the aggregate Administrative Purchase Payments with respect to Administrative Receivables pursuant to Section 3.08, 3.08 and (D) the amount required upon the optional purchase of all Receivables by the Servicer or any successor to the Servicer pursuant to Section 8.01.
(b) [Reserved].
(c) All deposits required to be made in respect of a Collection Period pursuant to this Section by the Seller or the Servicer, as the case may be, may be made in the form of a single deposit and shall be made in immediately available funds, on the related Deposit Date.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Honda Auto Receivables 2012-2 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2012-2 Owner Trust)
Additional Deposits. (a) The following additional deposits shall be made to the Collection Account one (1) day prior to each Payment DateAccount: (i) the RPA Seller shall remit the aggregate Warranty Purchase Payments with respect to Warranty Receivables pursuant to Section 2.04 and (ii) the Servicer shall remit (A) any extension fee charged in connection with the extension of a Receivable pursuant to Section 3.02, (B) the amount required to be remitted in respect of certain full Prepayments pursuant to Section 3.03, (C) the aggregate Advances pursuant to Section 4.04(a), (CD) the aggregate Administrative Purchase Payments with respect to Administrative Receivables pursuant to Section 3.08, 3.08 and (DE) the amount required upon the optional purchase of all Receivables by the Servicer or any successor to the Servicer pursuant to Section 8.01.
(b) [Reserved]
(c) All deposits required to be made in respect of a Collection Period pursuant to this Section by the Seller or the Servicer, as the case may be, may be made in the form of a single deposit and shall be made in immediately available funds, on the related Deposit Date.
Appears in 1 contract
Sources: Sale and Servicing Agreement (American Honda Receivables Corp)
Additional Deposits. (a) The following additional deposits shall be made to the Collection Account one (1) day Business Day prior to each Payment Date: (i) the RPA Seller shall remit the aggregate Warranty Purchase Payments with respect to Warranty Receivables pursuant to Section 2.04 and (ii) the Servicer shall remit (A) any extension fee charged in connection with the extension of a Receivable pursuant to Section 3.02, (B) the aggregate Advances pursuant to Section 4.04(a), (C) the aggregate Administrative Purchase Payments with respect to Administrative Receivables pursuant to Section 3.08, 3.08 and (D) the amount required upon the optional purchase of all Receivables by the Servicer or any successor to the Servicer pursuant to Section 8.01.
(b) [Reserved]
(c) All deposits required to be made in respect of a Collection Period pursuant to this Section by the Seller or the Servicer, as the case may be, may be made in the form of a single deposit and shall be made in immediately available funds, on the related Deposit Date.
Appears in 1 contract
Sources: Sale and Servicing Agreement (American Honda Receivables LLC)