Common use of Delivery of Payments Clause in Contracts

Delivery of Payments. The Depositor shall within two (2) Business Days after the Closing Date, transfer all Collections received by it on or after the Cutoff Date with respect to any Receivable or related Second Step Transferred Property to, or at the direction of, the Issuing Entity (or the Grantor Trust).

Appears in 28 contracts

Samples: Receivables Transfer Agreement (Carvana Auto Receivables Trust 2021-N2), Receivables Transfer Agreement (Carvana Co.), Receivables Transfer Agreement (Carvana Auto Receivables Trust 2022-P1)

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Delivery of Payments. The Depositor shall within two (2) Business Days after the Closing Date [and each Subsequent Closing Date], transfer all Collections received by it on or after the [applicable] Cutoff Date with respect to any Receivable or related Second Step Transferred Property to, or at the direction of, the Issuing Entity [(or the Grantor Trust)].

Appears in 3 contracts

Samples: Receivables Transfer Agreement (Carvana Receivables Depositor LLC), Receivables Transfer Agreement (Carvana Receivables Depositor LLC), Receivables Transfer Agreement (Carvana Receivables Depositor LLC)

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