Common use of Investment Earnings and Supplemental Servicing Fees Clause in Contracts

Investment Earnings and Supplemental Servicing Fees. The --------------------------------------------------- Servicer shall be entitled to receive all Supplemental Servicing Fees, and, except as otherwise provided in Section 5.01(b)(i) hereof, the Certificateholders (via the Certificate Distribution Account or such other account as shall be designated in writing by the Certificateholders to the Servicer) shall be entitled to receive all Investment Earnings (other than Investment Earnings from amounts on deposit in the Pre-Funding Account), when and as paid without any obligation to (a) either Trustee, (b) with respect to the Supplemental Servicing Fees, the Certificateholders or (c) with respect to the Investment Earnings, the Servicer, in respect thereof. The Servicer will not have any obligation to deposit any such amount in any account established hereunder. To the extent that any such amount shall be held in any account (other than, with respect to amounts to be distributed to the Certificateholders, the Certificate Distribution Account) held by either Trustee, or otherwise established hereunder, such amount will be withdrawn therefrom and paid to the Servicer or deposited in the Certificate Distribution Account for distribution to the Certificateholders, as applicable, upon presentation of a certificate signed by a Responsible Officer of such Person setting forth, in reasonable detail, the amount of such Supplemental Servicing Fees or such Investment Earnings, respectively.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation), Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation), Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation)

AutoNDA by SimpleDocs

Investment Earnings and Supplemental Servicing Fees. The --------------------------------------------------- Servicer shall be entitled to receive retain all Supplemental Servicing Fees, and, except . Except as otherwise provided in Section 5.01(b)(i2.02(b)(i) hereofof the Servicing Agreement, the Certificateholders (via the Certificate Distribution Account or such other account as shall be designated in writing by the Certificateholders to the Servicer) shall be entitled to receive all Investment Earnings (other than Investment Earnings from amounts on deposit in the Pre-Funding Account), when and as paid without any obligation to (a) either Trustee, (b) with respect to the Supplemental Servicing Fees, the Certificateholders or (c) with respect to the Investment Earnings, the Servicer, in respect thereof. The Servicer will not have any obligation to deposit any such amount in any account established hereunder. To the extent that any such amount shall be held in any account (other than, with respect to amounts to be distributed to the Certificateholders, the Certificate Distribution Account) held by either Trustee, or otherwise established hereunder, such amount will be withdrawn therefrom and paid to the Servicer or deposited in the Certificate Distribution Account for distribution to the Certificateholders, as applicable, upon presentation of a certificate signed by a Responsible Officer of such Person setting forth, in reasonable detail, the amount of such Supplemental Servicing Fees or such Investment Earnings, respectively.

Appears in 2 contracts

Samples: Indenture (Navistar Financial Retail Receivables Corporation), Navistar Financial Retail Receivables Corporation

Investment Earnings and Supplemental Servicing Fees. The --------------------------------------------------- Servicer shall be entitled to receive all Supplemental Servicing Fees, and, except as otherwise provided in Section 5.01(b)(i5.01(b)(1) hereof, the Certificateholders (via the Certificate Distribution Account or such other account as shall be designated in writing by the Certificateholders to the ServicerAccount) shall be entitled to receive all Investment Earnings (other than Investment Earnings from amounts on deposit in the Pre-Funding Account), when and as paid without any obligation to (a) either Trustee, (b) with respect to the Supplemental Servicing Fees, the Certificateholders or (c) with respect to the Investment Earnings, the Servicer, in respect thereof. The Servicer will not have any obligation to deposit any such amount in any account established hereunder. To the extent that any such amount shall be held in any account (other than, with respect to amounts to be distributed to the Certificateholders, the Certificate Distribution Account) held by either Trustee, or otherwise established hereunder, such amount will be withdrawn therefrom and paid to the Servicer or deposited in the Certificate Distribution Account for distribution to the Certificateholders, as applicable, upon presentation of a certificate signed by a Responsible Officer of such Person setting forth, in reasonable detail, the amount of such Supplemental Servicing Fees or such Investment Earnings, respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Navistar Financial Retail Receivables Corporation)

AutoNDA by SimpleDocs

Investment Earnings and Supplemental Servicing Fees. The --------------------------------------------------- Servicer shall be entitled to receive retain all Supplemental Servicing Fees, and, except . Except as otherwise provided in Section 5.01(b)(i2.02(b)(i) hereofof the Servicing Agreement, the Certificateholders (via the Certificate Distribution Account or such other account as shall be designated in writing by the Certificateholders to the Servicer) shall be entitled to receive all Investment Earnings (other than Investment Earnings from amounts on deposit in the Pre-Funding Account), when and as paid without any obligation to (a) either Trustee, (b) with respect to the Supplemental Servicing Fees, the Certificateholders or (c) with respect to the Investment Earnings, the Servicer, in respect thereof. The Servicer will not have any obligation to deposit any such amount in any account established hereunder. To the extent that any such amount shall be held in any account (other than, with respect to amounts to be distributed to the Certificateholders, the Certificate Distribution Account) held by either Trustee, or otherwise established hereunder, such amount will be withdrawn therefrom and paid to the Servicer or deposited in the Certificate Distribution Account for distribution to the Certificateholders, as applicable, upon presentation of a certificate signed by a Responsible Officer of such Person setting forth, in reasonable detail, the amount of such Supplemental Servicing Fees or such Investment Earnings, respectively.

Appears in 1 contract

Samples: Navistar Financial Retail Receivables Corporation

Time is Money Join Law Insider Premium to draft better contracts faster.