Common use of Collection Information Clause in Contracts

Collection Information. The names and addresses of all Account Banks, together with the address of the HRC Lockbox and the Diamond Lockbox and the account numbers of the Accounts are as specified in Exhibit E. With respect to HRC Timeshare Loans, (i) the HRC Lockbox set forth on Exhibit E is the only account address to which Obligors of HRC Timeshare Loans are directed to make payments and (ii) the Clearing Account set forth on Exhibit E is the only account to which Collections received from Obligors by means of pre-authorized debits from a deposit of such Obligor pursuant to a PAC or from a credit card of such Obligor pursuant to a Credit Card Account will be deposited. With respect to Diamond Timeshare Loans, (A) (i) prior to the Account Restructuring Obligor Notification Date, the HRC Lockbox and the Diamond Lockbox set forth on Exhibit E are the only account addresses to which Obligors are directed to make payments, (ii) on and after the Account Restructuring Obligor Notification Date, the HRC Lockbox set forth on Exhibit E is the only account addresses to which Obligors are directed to make payments and (B) (i) prior to the Account Restructuring Obligor Notification Date, the Diamond Lockbox Account and the Clearing Account set forth on Exhibit E are the only accounts to which Collections received from Obligors by means of pre-authorized debits from a deposit of such Obligor pursuant to a PAC or from a credit card of such Obligor pursuant to a Credit Card Account will be deposited and (ii) on and after the Account Restructuring Obligor Notification Date, the Clearing Account set forth on Exhibit E is the only account to which Collections received from Obligors by means of pre-authorized debits from a deposit of such Obligor pursuant to a PAC or from a credit card of such Obligor pursuant to a Credit Card Account will be deposited. Except as provided in the Clearing Account Control Agreement and the Intercreditor Agreement, none of the Seller, the Borrower, the Servicer or any Approved Subservicer has granted any Person, other than the Administrative Agent, “control” (within the meaning of Section 9-102Sections 8-106, 9-106 or 9-104, as applicable of any applicable enactment of the UCC) of the Unidentified Receipts Account, Diamond Lockbox Account or the Clearing Account or the right to take control of the Unidentified Receipts Account, Diamond Lockbox Account or the Clearing Account at a future time or upon the occurrence of a future event.

Appears in 1 contract

Sources: Receivables Loan Agreement, Sale and Contribution Agreement, Master Transfer Agreement, Custody Agreement (Hilton Grand Vacations Inc.)

Collection Information. The names and addresses of all Account Banks, together with the address of the HRC Lockbox and Lockbox, the Bluegreen Lockbox, the Diamond Lockbox and the account numbers of the Accounts are as specified in Exhibit E. With respect Prior to the related Account Restructuring Obligor Notification Date, the HRC Lockbox in the case of the HRC Timeshare Loans, the HRC Lockbox and the Diamond Lockbox in the case of the Diamond Timeshare Loans, and the Bluegreen Lockbox in the case of the Bluegreen Timeshare Loans, in each case as set forth on Exhibit E, are the only account addresses to which the related Obligors are directed to make payments. On or after the related Account Restructuring Obligor Notification Date with respect to any Timeshare Loan, (i) with respect to Defaulted Timeshare Loans and Delinquent Timeshare Loans only, the lockboxes to which the related Obligors were directed to make payments prior to such date, (ii) the HRC Lockbox set forth on Exhibit E is and/or (iii) the New Lockbox are the only account address addresses to which the Obligors of HRC such Timeshare Loans Loan are directed to make payments and (ii) the Clearing Account set forth on Exhibit E is the only account to which Collections received from Obligors by means of pre-authorized debits from a deposit of such Obligor pursuant to a PAC or from a credit card of such Obligor pursuant to a Credit Card Account will be depositedpayments. With respect to Diamond Timeshare Loans, (A) (i) prior Prior to the related Account Restructuring Obligor Notification Date, the HRC Lockbox and Clearing Account in the Diamond Lockbox set forth on Exhibit E are the only account addresses to which Obligors are directed to make payments, (ii) on and after the Account Restructuring Obligor Notification Date, case of the HRC Lockbox set forth on Exhibit E is the only account addresses to which Obligors are directed to make payments and (B) (i) prior to the Account Restructuring Obligor Notification DateTimeshare Loans, the Diamond Lockbox Account and the HRC Clearing Account in the case of the Diamond Timeshare Loans, and the Bluegreen Clearing Account in the case of the Bluegreen Timeshare Loans, in each case as set forth on Exhibit E E, are the only accounts to which Collections received from the related Obligors by means of pre-authorized debits from a deposit of such Obligor pursuant to a PAC or from a credit card of such Obligor pursuant to a Debit/Credit Card Account Payments will be deposited and (ii) on and deposited. On or after the related Account Restructuring Obligor Notification DateDate with respect to any Timeshare Loan, (i) with respect to Defaulted Timeshare Loans and Delinquent Timeshare Loans only, the clearing accounts to which the Debit/Credit Card Payments were deposited prior to such date, (ii) the HRC Clearing Account set forth on Exhibit E is and/or (iii) the New Clearing Account are the only account accounts to which Collections received from the related Obligors by means of pre-authorized debits from a deposit of such Obligor pursuant to a PAC or from a credit card of such Obligor pursuant to a Debit/Credit Card Account Payments will be deposited. Except as provided in the HRC Clearing Account Control Agreement, the Diamond Lockbox Account Control Agreement, the Bluegreen Clearing Account Control Agreement and the Intercreditor Agreement, none of the Seller, the Borrower, the Servicer or any Approved Subservicer has granted any Person, other than the Administrative Agent, “control” (within the meaning of Section 9-102Sections Sections 8-106, 9-106 or 9-104, as applicable of any applicable enactment of the UCC) of the Unidentified Receipts Account, Diamond Lockbox Account, the Bluegreen Clearing Account or the HRC Clearing Account or the right to take control of the Unidentified Receipts Account, the Diamond Lockbox Account, the Bluegreen Clearing Account or the HRC Clearing Account at a future time or upon the occurrence of a future event.

Appears in 1 contract

Sources: Receivables Loan Agreement (Hilton Grand Vacations Inc.)

Collection Information. The names and addresses of all Account Banks, together with the address of the HRC Lockbox and and, the Bluegreen Lockbox, the Diamond Lockbox and the account numbers of the Accounts are as specified in Exhibit E. With respect to HRC Timeshare Loans, (i) the HRC Lockbox set forth on Exhibit E is the only account address to which Obligors of HRC Timeshare Loans are directed to make payments and (ii) the Clearing Account set forth on Exhibit E is the only account to which Collections received from Obligors by means of pre-authorized debits from a deposit of such Obligor pursuant to a PAC or from a credit card of such Obligor pursuant to a Credit Card Account will be deposited. With respect to Diamond Timeshare Loans, (A) (i) prior to thePrior to the related Account Restructuring Obligor Notification Date, the HRC Lockbox in the case of the HRC Timeshare Loans, the HRC Lockbox and the Diamond Lockbox in the case of the Diamond Timeshare Loans, and the Bluegreen Lockbox in the case of the Bluegreen Timeshare Loans, in each case as set forth on Exhibit E E, are the only account addresses to which the related Obligors are directed to make payments, (ii) on and after the . On or after the related Account Restructuring Obligor Notification Date with respect to any Timeshare Loan, (i) with respect to Defaulted Timeshare Loans and Delinquent Timeshare Loans only, the lockboxes to which the related Obligors were directed to make payments prior to such date, (ii) the HRC Lockbox set forth on Exhibit E and/or (iii) the New Lockbox are the only account addresses to which the Obligors of such Timeshare Loan are directed to make payments. Prior to the related Account Restructuring Obligor Notification Date, the HRC Lockbox set forth on Exhibit E is the only account addresses to which Obligors are directed to make payments and (B) (i) prior to the Account Restructuring Obligor Notification DateDateClearing Account in the case of the HRC Timeshare Loans, the Diamond Lockbox Account and the HRC Clearing Account in the case of the Diamond Timeshare Loans, and the Bluegreen Clearing Account in the case of the Bluegreen Timeshare Loans, in each case as set forth on Exhibit E E, are the only accounts to which Collections received from the related Obligors by means of pre-authorized debits from a deposit of such Obligor pursuant to a PAC or from a credit card of such Obligor pursuant to a Debit/Credit Card Account AccountPayments will be deposited and (ii) on and and. On or after the related Account Restructuring Obligor Notification Date, the with respect to any Timeshare Loan, (i) with respect to Defaulted Timeshare Loans and Delinquent Timeshare Loans only, the clearing accounts to which the Debit/Credit Card Payments were deposited prior to such date, (ii) the HRC Clearing Account set forth on Exhibit E is isand/or (iii) the New Clearing Account are the only account accountaccounts to which Collections received from the related Obligors by means of pre-authorized debits from a deposit of such Obligor pursuant to a PAC or from a credit card of such Obligor pursuant to a Debit/Credit Card Account AccountPayments will be deposited. Except as provided in the HRC Clearing Account Control Agreement, the Diamond Lockbox Account Control Agreement, the Bluegreen Clearing Account Control Agreement and the Intercreditor Agreement, none of the Seller, the Borrower, the Servicer or any Approved Subservicer has granted any Person, other than the Administrative Agent, “control” (within the meaning of Section 9-102Sections Sections 8-106, 9-106 or 9-104, as applicable of any applicable enactment of the UCC) of the Unidentified Receipts Account, Diamond Lockbox Account, the Bluegreen Clearing Account or the HRC Clearing Account or the right to take control of the Unidentified Receipts Account, the Diamond Lockbox Account, the Bluegreen Clearing Account or the HRC Clearing Account at a future time or upon the occurrence of a future event.

Appears in 1 contract

Sources: Receivables Loan Agreement, Sale and Contribution Agreement, Servicing Agreement, Custody Agreement (Hilton Grand Vacations Inc.)

Collection Information. The names and addresses of all Account Banks, together with the address of the HRC Lockbox and the Diamond Lockbox and the account numbers of the Accounts are as specified in Exhibit E. With respect to HRC Timeshare Loans, (i) the HRC Lockbox set forth on Exhibit E is the only account address to which Obligors of HRC Timeshare Loans are directed to make payments and (ii) the Clearing Account set forth on Exhibit E is the only account to which Collections received from Obligors by means of pre-authorized debits from a deposit of such Obligor pursuant to a PAC or from a credit card of such Obligor pursuant to a Credit Card Account will be deposited. With respect to Diamond Timeshare Loans, (A) (i) prior to the Account Restructuring Obligor Notification Date, the HRC Lockbox and the Diamond Lockbox set forth on Exhibit E are the only account addresses to which Obligors are directed to make payments, (ii) on and after the Account Restructuring Obligor Notification Date, the HRC Lockbox set forth on Exhibit E is the only account addresses to which Obligors are directed to make payments and (B) (i) prior to the Account Restructuring Obligor Notification Date, the Diamond Lockbox Account and the Clearing Account set forth on Exhibit E are the only accounts to which Collections received from Obligors by means of pre-authorized debits from a deposit of such Obligor pursuant to a PAC or from a credit card of such Obligor pursuant to a Credit Card Account will be deposited and (ii) on and after the Account Restructuring Obligor Notification Date, the Clearing Account set forth on Exhibit E is the only account to which Collections received from Obligors by means of pre-authorized debits from a deposit of such Obligor pursuant to a PAC or from a credit card of such Obligor pursuant to a Credit Card Account will be deposited. Except as provided in the Clearing Account Control Agreement and the Intercreditor Agreement, none of the Seller, the Borrower, the Servicer or any Approved Subservicer has granted any Person, other than the Administrative Agent, “control” (within the meaning of Section 9-102Sections 8-106, 9-106 or 9-104, as applicable 102 of any applicable enactment of the UCC) of the Unidentified Receipts Account, Diamond Lockbox Account or the Clearing Account or the right to take control of the Unidentified Receipts Account, Diamond Lockbox Account or the Clearing Account at a future time or upon the occurrence of a future event.

Appears in 1 contract

Sources: Receivables Loan Agreement (Hilton Grand Vacations Inc.)