Common use of Payment Instructions; etc Clause in Contracts

Payment Instructions; etc. The Servicer has instructed, or otherwise caused, all Obligors with respect to any Receivables to make all payments made with respect to such Receivable (A) to the extent paid by credit card, electronic check, ACH payment or wire transfer, directly into the Collection Account, and (B) to the extent paid by cash, checks, notes, drafts, bills of exchange or money orders, directly to the Servicer. Each of the Collection Account and the Disbursement Account is maintained solely in the name of the Borrower. The Borrower has not granted any Person, other than the Collateral Agent as contemplated by this Agreement, dominion and control of the Collection Account, or the right to take dominion and control of the Collection Account or the Disbursement Account at a future time or upon the occurrence of a future event (other than any such right in favor of the depository institution granted in connection with the opening of such accounts or pursuant to the Collection Account Control Agreement or the Disbursement Account Control Agreement, as applicable). The Collection Account Bank has been instructed to remit all funds on deposit in the Collection Account to the Disbursement Account on each Business Day. The Disbursement Account Bank has been instructed to distribute funds on deposit in the Disbursement Account at the direction of the Collateral Agent. The Servicer has been instructed to remit any Collections and other amounts received with respect to the Receivables received by it to the Disbursement Account within two (2) Business Days of receipt.

Payment Instructions; etc. The Subject to Section 5.7(a)(vii), the Servicer has instructed, or otherwise caused, all Obligors with respect to any Receivables to make all payments made with respect to such Receivable (i) (A) to the extent paid by credit card, electronic check, ACH payment or wire transfer, directly into the applicable Collection Account, and (B) to the extent paid by cash, checks, notes, drafts, bills of exchange or money orders, directly to the Servicer, or (ii) solely to the extent such Receivable is a Bank Partner Refinance Receivable, directly into a Bank Partner Collection Account that is subject to the Intercreditor Agreement. Each Collection Account is maintained solely in the name of the Collection Account and the Borrower. The Disbursement Account is maintained solely in the name of the BorrowerCastlelake Representative. Each Bank Partner Collection Account is maintained solely in accordance with the Intercreditor Agreement. The Borrower has not granted any Person, other than the Collateral Agent as contemplated by this Agreement, dominion and control of the any Collection Account, or the right to take dominion and control of the any Collection Account or the Disbursement Account at a future time or upon the occurrence of a future event (other than any such right in favor of the depository institution granted in connection with the opening of such accounts or pursuant to the any Collection Account Control Agreement or the Disbursement Account Control Agreement, as applicable). The Collection Account Bank has been instructed to remit all funds on deposit in the Collection Account Accounts to the Disbursement Account on each Business Day. The Disbursement Account Bank has been instructed to distribute funds on deposit in the Disbursement Account at the direction of the Collateral Administrative Agent. The Servicer has been instructed to remit any Collections and other amounts received with respect to the Receivables received by it to the Disbursement Account within two five (25) Business Days of receipt.

Payment Instructions; etc. The Servicer has instructed, or otherwise caused, all Obligors with respect to any Receivables to make all payments made with respect to such Receivable (A) to the extent paid by credit card, electronic check, ACH payment or wire transfer, directly into the applicable Collection Account, and (B) to the extent paid by cash, checks, notes, drafts, bills of exchange or money orders, directly to the Servicer. Each of the Collection Account and the each Disbursement Account is maintained solely in the name of the Borrower. The Borrower has not granted any Person, other than the Collateral Agent as contemplated by this Agreement, dominion and control of the any Collection Account, or the right to take dominion and control of the any Collection Account or the any Disbursement Account at a future time or upon the occurrence of a future event (other than any such right in favor of the depository institution granted in connection with the opening of such accounts or pursuant to the Collection Account Control Agreement or the Disbursement Account Control Agreement, as applicable). The Collection Account Bank has been instructed to remit all funds on deposit in the Collection Account Accounts to the applicable Disbursement Account on each Business Day. The Disbursement Account Bank has been instructed to distribute funds on deposit in the respective Disbursement Account Accounts at the direction of the Collateral Agent. The Servicer has been instructed to remit any Collections and other amounts received with respect to the Receivables received by it to the applicable Disbursement Account within two (2) Business Days of receipt.

Payment Instructions; etc. The Servicer has instructed, or otherwise caused, all Obligors with respect to any Receivables to make all payments made with respect to such Receivable (A) to the extent paid by credit card, electronic check, ACH payment or wire transfer, directly into the applicable Collection Account, and (B) to the extent paid by cash, checks, notes, drafts, bills of exchange or money orders, directly to the Servicer. Each of the Collection Account and the theeach Disbursement Account is maintained solely in the name of the Borrower. The Borrower has not granted any Person, other than the Collateral Agent as contemplated by this Agreement, dominion and control of the theany Collection Account, or the right to take dominion and control of the theany Collection Account or the theany Disbursement Account at a future time or upon the occurrence of a future event (other than any such right in favor of the depository institution granted in connection with the opening of such accounts or pursuant to the Collection Account Control Agreement or the Disbursement Account Control Agreement, as applicable). The Collection Account Bank has been instructed to remit all funds on deposit in the Collection Account AccountAccounts to the applicable Disbursement Account on each Business Day. The Disbursement Account Bank has been instructed to distribute funds on deposit in the respective Disbursement Account Accounts at the direction of the Collateral Agent. The Servicer has been instructed to remit any Collections and other amounts received with respect to the Receivables received by it to the applicable Disbursement Account within two (2) Business Days of receipt.

Payment Instructions; etc. The Servicer has instructed, or otherwise caused, all Obligors with respect to any Receivables to make all payments made with respect to such Receivable (A) to the extent paid by credit card, electronic check, ACH payment or wire transfer, directly into the applicable Collection Account, and (B) to the extent paid by cash, checks, notes, drafts, bills of exchange or money orders, directly to the Servicer. Each of the Collection Account and the each Disbursement Account is maintained solely in the name of the Borrower. The Borrower has not granted any Person, other than the Collateral Agent as contemplated by this Agreement, dominion and control of the any Collection Account, or the right to take dominion and control of the any 57 Collection Account or the any Disbursement Account at a future time or upon the occurrence of a future event (other than any such right in favor of the depository institution granted in connection with the opening of such accounts or pursuant to the Collection Account Control Agreement or the Disbursement Account Control Agreement, as applicable). The Collection Account Bank has been instructed to remit all funds on deposit in the Collection Account Accounts to the applicable Disbursement Account on each Business Day. The Disbursement Account Bank has been instructed to distribute funds on deposit in the respective Disbursement Account Accounts at the direction of the Collateral Agent. The Servicer has been instructed to remit any Collections and other amounts received with respect to the Receivables received by it to the applicable Disbursement Account within two (2) Business Days of receipt.

Payment Instructions; etc. The Servicer has instructed, or otherwise caused, all Obligors with respect to any Receivables to make all payments made with respect to such Receivable (A) to the extent paid by credit card, electronic check, ACH payment or wire transfer, directly into the a Collection Account, and (B) to the extent paid by cash, checks, notes, drafts, bills of exchange or money orders, directly to the ServicerServicer (or, to the extent a lockbox is required to be established in accordance with Section 5.7(b), to such lockbox) and (C) to the extent paid by payroll deduction, directly to the Company Account. Each of the Collection Account Accounts and the Disbursement Account is maintained solely in the name of the Borrower. The Company Account is maintained solely in the name of the Servicer. The Borrower has not granted any Person, other than the Collateral Agent as contemplated by this Agreement, dominion and control of the any Collection Account, or the right to take dominion and control of the any Collection Account or the Disbursement Account at a future time or upon the occurrence of a future event (other than any such right in favor of the depository institution granted in connection with the opening of such accounts or pursuant to the related Collection Account Control Agreement or the Disbursement Account Control Agreement, as applicable). The Servicer has not granted any Person dominion and control of the Company Account, or the right to take dominion and control of the Company Account at a future time or upon the occurrence of a future event (other than any such right in favor of the depository institution granted in connection with the opening of such account). The Servicer will not direct funds in the Company Account to be withdrawn or distributed except in accordance with this Agreement. Each Collection Account Bank has been instructed to remit all funds on deposit in the applicable Collection Account to the Disbursement Account on each Business Day. The Disbursement Account Bank has been instructed to distribute funds on deposit in the Disbursement Account at the direction of the Collateral Agent. The Servicer has been instructed to remit any Collections and other amounts received with respect to the Receivables received by it to the Disbursement Account within two (2) Business Days of receipt. The Servicer has been instructed (i) to remit any Collections received by it to the Disbursement Account within two (2) Business Days of receipt and (ii) to remit funds with respect to the Receivables on deposit in the Company Account to the Disbursement Account no less than once per calendar week and on any Business Day on which the amount of funds on deposit in the Company Account is $20,000 or greater.

Payment Instructions; etc. The Servicer has instructed, or otherwise caused, all Obligors with respect to any Receivables to make pay all payments made with respect to such Receivable Collections (A) to the extent paid by credit card, electronic check, ACH payment or wire transfer, directly into the applicable Collection Account, and (B) to the extent paid by cash, checks, notes, drafts, bills of exchange or money orders, directly to the Servicerapplicable Collection Account (or, if required by Section 2.02(e) of the Servicing Agreement, directly to the Lockbox). Each of the Collection Account and the Disbursement Account is maintained solely in the name of the applicable Borrower. The XxxXx Borrower has not granted any Person, other than the Collateral Agent as contemplated by this Agreement, dominion and control of the theits Collection Account, or the right to take dominion and control of the theits Collection Account or the theits Disbursement Account at a future time or upon the occurrence of a future event (other than any such right in favor of the depository institution granted in connection with the opening of such accounts or pursuant to the applicable Collection Account Control Agreement or the applicable Disbursement Account Control Agreement, as applicable). The applicable Collection Account Bank has been instructed to remit all available funds on deposit in the applicable Collection Account to the applicable Disbursement Account on each Business Day. The applicable Disbursement Account Bank has been instructed to distribute available funds on deposit in the thesuch Disbursement Account at the direction of the Collateral Agent. The Servicer has been instructed to remit any Collections and other amounts received with respect to the Receivables received by it to the Disbursement Collection Account within two (2) Business Days of receipt. Notwithstanding anything to the contrary contained herein, the requirements of this Section 4.23 shall be subject to the post-closing periods set forth in Section 5.B(ii) of the Sixth Amendment.