Common use of Initial Deposits Clause in Contracts

Initial Deposits. On the Funding Date with respect to any Loan, the Servicer will direct the Collection Account Bank in writing to deposit into the Collection Account all Collections received in respect of such Loan after the applicable cut-off date established in connection with the acquisition thereof (if other than the Funding Date) and delivered to the Collection Account Bank.

Initial Deposits. On the Funding Date with respect to any Loan, the Servicer will direct the Collection Account Bank in writing to deposit into the Collection Account all Collections received in respect of such Loan after the applicable cut-off date established in connection with the acquisition thereof (if other than the Funding Date) and delivered to the Collection Account Bankon such date.

Initial Deposits. On the Funding Date with respect to any LoanReceivable, the Servicer will direct the Collection Account Bank in writing to deposit into the Collection Account all Collections received in respect of such Loan Receivable after the applicable cut-off date established in connection with the acquisition thereof (if other than the Funding Date) and delivered to the Collection Account Bank.