Common use of Net Deposits Clause in Contracts

Net Deposits. As an administrative convenience, unless the Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables and Purchase Amounts for or with respect to the Collection Period net of distributions to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.

Appears in 11 contracts

Samples: Sale and Servicing Agreement (Premier Auto Trust 1999-2), Sale and Servicing Agreement (World Omni Auto Receivables LLC), Sale and Servicing Agreement (Premier Auto Trust 1999-1)

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Net Deposits. As an administrative convenience, unless the Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables Receivables, aggregate Advances and Purchase Amounts for or with respect to the each Collection Period net of distributions to be made to the Servicer with respect to the such Collection Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders Trustee and to the Certificateholders as if all deposits, distributions and transfers were made individually.

Appears in 10 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Funding Inc), Pooling and Servicing Agreement (Bear Stearns Asset Backed Funding Ii Inc), Pooling and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp)

Net Deposits. As an administrative convenience, unless the Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables Receivables, aggregate Advances and Purchase Amounts for or with respect to the Collection Period net of distributions to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.

Appears in 7 contracts

Samples: Form of Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Form of Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp), Sale and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp)

Net Deposits. As an administrative convenience, unless the Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables and Purchase Amounts for or with respect to the Collection Period net of distributions to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders Backup Servicer and the Certificateholders Noteholders as if all deposits, distributions and transfers were made individually.

Appears in 4 contracts

Samples: Form of Sale and Servicing Agreement (Chrysler Financial Services Americas LLC), Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2009-B), Sale and Servicing Agreement (Chrysler Financial Auto Securitization Trust 2009-A)

Net Deposits. As an administrative convenience, unless the Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables and Purchase Amounts for or with respect to the Collection Period net of distributions to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, Trustee and the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2008-A), Sale and Servicing Agreement (DaimlerChrysler Auto Trust 2007-A), Sale and Servicing Agreement (Daimlerchrysler Auto Trust 2008-B)

Net Deposits. As an administrative convenience, unless the Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables Receivables, aggregate Advances and Purchase Amounts for or with respect to the Collection Period net of distributions to be made to the Servicer with respect to the Collection Period. Similarly, the Servicer may cause a single net transfer to be made from the Collection Account to the Payahead Account, or vice versa. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Citigroup Vehicle Securities Inc), Sale and Servicing Agreement (Premier Auto Trust 1996-4)

Net Deposits. As an administrative convenience, ------------ unless the Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables Receivables, aggregate Advances and Purchase Amounts for or with respect to the each Collection Period net of distributions to be made to the Servicer with respect to the such Collection Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders Trustee and to the Certificateholders as if all deposits, distributions and transfers were made individually.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Asset Backed Securities Corp)

Net Deposits. As an administrative convenience, unless the Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables and Purchase Amounts for or with respect to the Collection Period net of distributions distributions, if any, to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Indenture Noteholders, the Class B Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Case Receivables Ii Inc)

Net Deposits. As an administrative convenience, unless ------------ the Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables Receivables, aggregate Advances and Purchase Amounts for or with respect to the each Collection Period net of distributions to be made to the Servicer with respect to the such Collection Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders Trustee and to the Certificateholders as if all deposits, distributions and transfers were made individually.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital Ii Inc)

Net Deposits. As an administrative convenience, unless the Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables Receivables, aggregate Advances and Purchase Amounts for or with respect to the each Collection Period net of distributions to be made to the Servicer with respect to the such Collection Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders Trustee and to the Certificateholders as if all deposits, distributions and transfers were made individually. ARTICLE VI.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Usaa Acceptance LLC)

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Net Deposits. As an administrative convenience, unless ------------ the Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables Receivables, aggregate Advances and Purchase Amounts for or with respect to the Collection Period net of distributions to be made to the Servicer with respect to the Collection Period. Similarly, the Servicer may cause a single net transfer to be made from the Collection Account to the Payahead Account, or vice versa. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.

Appears in 1 contract

Samples: Form of Sale and Servicing Agreement (Morgan Stanley Abs Capital Ii Inc)

Net Deposits. As an administrative convenience, unless the Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables and Purchase Amounts for or with respect to the Collection Period Collections net of distributions or payments to be made to the Servicer (in its capacity as Seller or Servicer) with respect to the Collection Period. The Servicer, however, will account to the Owner TrusteeIssuer, the Indenture Trustee, the Noteholders Series C2002-1 Debtholders and the Certificateholders other Related Specified Creditors as if all deposits, distributions and transfers were made individually.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Americredit Corp)

Net Deposits. As an administrative convenience, unless the Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables and Purchase Amounts for or with respect to the Collection Period net of distributions to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.. The Seller

Appears in 1 contract

Samples: Sale and Servicing Agreement (Premier Auto Trust 1998-1)

Net Deposits. As an administrative convenience, unless the ------------ Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables Receivables, aggregate Advances and Purchase Amounts for or with respect to the Collection Period net of distributions to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Asset Backed Securities Corp)

Net Deposits. As an administrative convenience, unless the Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables and Purchase Amounts for or with respect to the Collection each Monthly Period net of distributions to be made to the Servicer with respect to the Collection such Monthly Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders Trustee and to the Certificateholders as if all deposits, distributions and transfers were made individually.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (FCC Receivables Corp)

Net Deposits. As an administrative convenience, unless the Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables and Purchase Amounts for or with respect to the Collection Period net of distributions distributions, if any, to be made to the Servicer with respect to the Collection any Due Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Provident Lease Receivables Corp)

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