Common use of Collection of Moneys Clause in Contracts

Collection of Moneys. (a) Subject to Section 4.06(b), the Servicer shall remit or cause each Lock-Box Bank to remit all payments received by it on or in respect of any Contract or Equipment (including any Residual Payment) during such Collection Period into the Collection Account (including any such amounts then held by the Servicer) as soon as practicable, but in any event within two Business Days after receipt thereof; PROVIDED, HOWEVER, that upon satisfaction of conditions provided by the Rating Agencies from time to time, the Servicer shall be permitted to deposit such amounts received during a particular Collection Period into the Collection Account within two Business Days prior to the related Payment Date.

Collection of Moneys. (a) Subject to Section 4.06(b), the Servicer shall remit or cause each Lock-Box box Bank to remit all payments received by it on or in respect of any Contract or Equipment (including any Residual Payment) during such Collection Period into the Collection Account (including any such amounts then held by the Servicer) as soon as practicable, but in any event within two Business Days after receipt thereof; PROVIDEDprovided, HOWEVERhowever, that upon satisfaction of conditions provided by the Rating Agencies from time to time, the Servicer shall be permitted to deposit such amounts received during a particular Collection Period into the Collection Account within two Business Days prior to the related Payment Date.