Common use of Payment Procedure Clause in Contracts

Payment Procedure. (a) The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf), in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” and/or “Serviced Companion Loan Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within one (1) Business Day of receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (provided, that to the extent that any payment is received after 2:00 p.m. (Eastern time) on any given Business Day, the Master Servicer is required to use commercially reasonable efforts to deposit such payment into the applicable account within one (1) Business Day of receipt of properly identified and available funds, but, in any event, the Master Servicer is required to deposit such payments into the applicable account within two (2) Business Days of receipt of properly identified and available funds).

Payment Procedure. (a) The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf)Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” and/or “Serviced Companion Loan Combination Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) Account pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within one (1) Business Day of after receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (Borrower; provided, however, that to the extent that any payment is such amounts are received after 2:00 p.m. (Eastern time) time on any given Business Day, the Master Servicer is required to shall use commercially reasonable efforts to deposit such payment amounts into the applicable account within one (1) Business Day of receipt of properly identified and available funds, thereof but, in any event, the Master Servicer is required to shall deposit such payments amounts into the applicable account within two (2) Business Days of receipt thereof; and provided, further, that in the event the Master Servicer is in receipt of properly identified and funds that are not available funds)to the Master Servicer, the Master Servicer may instead deposit such amounts into the related Loan Combination Custodial Account on the same Business Day that such properly identified funds become available to the Master Servicer.

Payment Procedure. (a) The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf)Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” and/or “Serviced Companion Loan Combination Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) Account pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within one (1) Business Day of after receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (Borrower; provided, however, that to the extent that any payment is such amounts are received after 2:00 p.m. (Eastern time) time on any given Business Day, the Master Servicer is required to shall use commercially reasonable efforts to deposit such payment amounts into the applicable account within one (1) Business Day of receipt of properly identified and available funds, thereof but, in any event, the Master Servicer is required to shall deposit such payments amounts into the applicable account within two (2) Business Days of receipt of properly identified and available funds)thereof.

Payment Procedure. (a) The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf), in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” and/or “Serviced Companion Loan Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within one (1) Business Day of receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (provided, that to the extent that any payment is received after 2:00 p.m. (Eastern time) on any given Business Day, the Master Servicer is required to use commercially reasonable efforts to deposit such payment into the applicable account within one (1) Business Day of receipt of properly identified and available fundssuch payment, but, in any eventevent , the Master Servicer is required to deposit such payments into the applicable account within two (2) Business Days of receipt of properly identified and available fundssuch payment).

Payment Procedure. (a) The Lead Securitization Note Holder Noteholder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf), in accordance with the priorities set forth in Section 3 or 4, as applicable and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” and/or “Serviced Companion Loan Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder Noteholder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within one (1) Business Day of receipt of properly identified and available funds by the Lead Securitization Note Holder Noteholder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (provided, that to the extent that any payment is received after 2:00 p.m. (Eastern time) on any given Business Day, the Master Servicer is required to use commercially reasonable efforts to deposit such payment into the applicable account within one (1) Business Day of receipt of properly identified and available funds, but, in any event, the Master Servicer is required to deposit such payments into the applicable account within two (2) Business Days of receipt of properly identified and available funds).

Payment Procedure. (a) The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf)Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall will deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” and/or “Serviced Companion Certificate Account or Loan Combination Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) Account pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within one (1) Business Day of after receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (Borrower; provided, however, that to the extent that any payment is such amounts are received after 2:00 p.m. (Eastern time) Time on any given Business Day, the Master Servicer is required to shall use commercially reasonable efforts to deposit such payment amounts into the applicable account within one (1) Business Day of receipt of such properly identified and available funds, funds but, in any event, the Master Servicer is required to shall deposit such payments into amounts in the applicable account within two (2) Business Days of receipt of such properly identified and available funds).

Payment Procedure. (a) The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf)Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” Account and/or “Serviced Companion Loan Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) Distribution Account pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within one (1) two Business Day of Days after receipt by it of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (Borrower; provided, however, that to the extent that any payment is such amounts are received after 2:00 p.m. (Eastern time) time on any given Business Day, the Master Servicer is required to shall use commercially reasonable efforts to deposit such payment amounts into the applicable account within one (1) Business Day of receipt of properly identified and available funds, funds but, in any event, the Master Servicer is required to shall deposit such payments amounts into the applicable account within two (2) Business Days of receipt of properly identified and available funds).

Payment Procedure. (a) The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf)Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” Account and/or “Serviced Companion Loan Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) Distribution Account pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within one (1) two Business Day of Days after receipt by it of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (Borrower; provided, however, that to the extent that any payment is such amounts are received after 2:00 p.m. (Eastern time) time on any given Business Day, the Master Servicer is required to shall use commercially reasonable efforts to deposit such payment amounts into the applicable account within one (1) Business Day of receipt of properly identified and available funds, funds but, in any event, the Master Servicer is required to shall deposit such payments amounts into the applicable account within two (2) Business Days of receipt of properly identified and available funds)...

Payment Procedure. (a) The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf)Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” and/or “Serviced Companion Loan Combination Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) Account pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within one (1) Business Day of after receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (Borrower; provided, that to the extent that any payment is such amounts are received after 2:00 p.m. (Eastern time) time on any given Business Day, the Master Servicer is required to shall use commercially reasonable efforts to deposit such payment amounts into the applicable account within one (1) Business Day of receipt of properly identified and available funds, thereof but, in any event, the Master Servicer is required to shall deposit such payments amounts into the applicable account within two (2) Business Days of receipt of properly identified and available funds)thereof.

Payment Procedure. (a) The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf)Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” and/or “Serviced Companion Whole Loan Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) Account pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within one (1) Business Day of after receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (Borrower; provided, however, that to the extent that any payment is such amounts are received after 2:00 p.m. (Eastern time) time on any given Business Day, the Master Servicer is required to shall use commercially reasonable efforts to deposit such payment amounts into the applicable account within one (1) Business Day of receipt of properly identified and available funds, thereof but, in any event, the Master Servicer is required to shall deposit such payments amounts into the applicable account within two (2) Business Days of receipt of properly identified and available funds)thereof.

Payment Procedure. (a) The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf)Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall will deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” and/or “Serviced Certificate Account or Companion Loan Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) Distribution Account pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within one (1) Business Day of after receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (Borrower; provided, however, that to the extent that any payment is such amounts are received after 2:00 p.m. (Eastern time) Time on any given Business Day, the Master Servicer is required to shall use commercially reasonable efforts to deposit such payment amounts into the applicable account within one (1) Business Day of receipt of such properly identified and available funds, funds but, in any event, the Master Servicer is required to shall deposit such payments into amounts in the applicable account within two (2) Business Days of receipt of such properly identified and available funds).

Payment Procedure. (a) The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf), in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” Account and/or “Serviced related Companion Loan Custodial Account” Distribution Account (or the related analogous term and terms each as defined in the Lead Securitization Servicing Agreement) pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts payments to the applicable account within one (1) Business Day of receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (provided, provided that to the extent that any payment is received after 2:00 p.m. (Eastern timeTime) on any given Business Day, the Master Servicer is required to use commercially reasonable efforts to deposit such payment payments into the applicable account within one (1) Business Day of receipt of such properly identified and available funds, funds but, in any event, the Master Servicer is required to deposit such payments properly identified and available funds into the applicable account within two (2) Business Days of receipt of properly identified and available fundsthereof).

Payment Procedure. (a) The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf)Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall will deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” and/or “Serviced Certificate Account or Companion Loan Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) Distribution Account pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within one (1) Business Day of after receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (provided, however, that to the extent that any payment is such amounts are received after 2:00 p.m. (Eastern time) Time on any given Business Day, the Master Servicer is required to shall use commercially reasonable efforts to deposit such payment amounts into the applicable account within one (1) Business Day of receipt of properly identified and available funds, thereof but, in any event, the Master Servicer is required to shall deposit such payments into amounts in the applicable account within two (2) Business Days of receipt of properly identified and available funds)thereof.

Payment Procedure. (a) The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf)Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” Account and/or “Serviced Companion Loan Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) Distribution Account pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within one (1) Business Day of after receipt by it of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (Borrower; provided, however, that to the extent that any payment is such amounts are received after 2:00 p.m. (Eastern time) time on any given Business Day, the Master Servicer is required to shall use commercially reasonable efforts to deposit such payment amounts into the applicable account within one (1) Business Day of receipt of properly identified and available funds, funds but, in any event, the Master Servicer is required to shall deposit such payments amounts into the applicable account within two (2) Business Days of receipt of properly identified and available funds).

Payment Procedure. (a) The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf)Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” and/or “Serviced Companion Loan Combination Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) Account pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within one (1) Business Day of after receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (Borrower; provided, however, that to the extent that any payment is such amounts are received after 2:00 p.m. (Eastern time) time on any given Business Day, the Master Servicer is required to shall use commercially reasonable efforts to deposit such payment amounts into the applicable account within one (1) Business Day of receipt of properly identified and available funds, funds but, in any event, the Master Servicer is required to shall deposit such payments amounts into the applicable account within two (2) Business Days of receipt of properly identified and available funds).

Payment Procedure. (a) The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf)Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall will deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” and/or “Serviced Certificate Account or Companion Loan Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) Distribution Account pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within one (1) Business Day of after receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (Borrower; provided, however, that to the extent that any payment is such amounts are received after 2:00 p.m. (Eastern time) Time on any given Business Day, the Master Servicer is required to shall use commercially reasonable efforts to deposit such payment amounts into the applicable account within one (1) Business Day of receipt of such properly identified and available funds, funds but, in any event, the Master Servicer is required to shall deposit such payments into amounts in the applicable account within two (2) Business Days of receipt of such properly identified and available funds).

Payment Procedure. (a) The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf)Holder, in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall will deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” and/or “Serviced Certificate Account or Companion Loan Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) Distribution Account pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within one (1) Business Day of after receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (Borrower; provided, however, that to the extent that any payment is such amounts are received after 2:00 p.m. (Eastern time) Time on any given Business Day, the Master Servicer is required to shall use commercially reasonable efforts to deposit such payment amounts into the applicable account within one (1) Business Day of receipt of properly identified and available funds, thereof but, in any event, the Master Servicer is required to shall deposit such payments into amounts in the applicable account within two (2) Business Days of receipt of properly identified and available funds).thereof..

Payment Procedure. (a) The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf), in accordance with the priorities set forth in Section 3 and subject to the terms of the Lead Securitization Servicing Agreement, shall deposit or cause to be deposited all payments allocable to the Notes to the “Collection Account” and/or “Serviced Pari Passu Companion Loan Custodial Account” (or the related analogous term and each as defined in the Lead Securitization Servicing Agreement) pursuant to and in accordance with the Lead Securitization Servicing Agreement. The Lead Securitization Note Holder (or the Master Servicer, the Special Servicer or the Trustee acting on its behalf) shall deposit such amounts to the applicable account within one (1) Business Day of after receipt of properly identified and available funds by the Lead Securitization Note Holder (or the Master Servicer acting on its behalf) from or on behalf of the Mortgage Loan Borrower (Borrower) provided, that to the extent that any payment is received after 2:00 p.m. (Eastern time) on any given Business Day, the Master Servicer is required to use commercially reasonable efforts to deposit such payment into the applicable account within one (1) Business Day of receipt of properly identified and available fundssuch payment, but, in any eventevent , the Master Servicer is required to deposit such payments into the applicable account within two (2) Business Days of receipt of properly identified and available fundssuch payment).