Monthly Remittance Condition. (a) For so long as the Monthly Remittance Condition is (i) not met, the Servicer shall remit all amounts received on or in respect of the Receivables during any Collection Period to the Collection Account in immediately available funds no later than two Business Days after receipt and identification or (ii) met, the Servicer may remit all amounts received on or in respect of the Receivables during any Collection Period to the Collection Account in immediately available funds on or prior to the related Deposit Date.
Monthly Remittance Condition. (a) For so long as the Monthly Remittance Condition is met:
Monthly Remittance Condition. (a) For so long as the Monthly Remittance Condition is (i) not met, the Servicer shall remit all amounts received on or in respect of the Receivables during any Collection Period to the Collection Account in immediately available funds no later than two Business Days after receipt and identification or (ii) met, the Servicer may remit all amounts received on or in respect of the Receivables during any Collection Period to the Collection Account in immediately available funds on or prior to the related Deposit Date; provided, however, that if the Class A-1 Event has occurred, the Servicer shall remit to the Collection Account on March 11, 1999 an amount of all amounts received on or with respect to the Receivables during the May 2011 Collection Period equal to the May 2011 Class A-1 Note Distribution.
