Payments by Obligors. The Obligors shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or under Section 2.14, 2.15 or 2.16, or otherwise) or under any other Loan Document prior to 12:00 noon, New York City time, on the date when due, in immediately available funds, without set-off or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at such of its offices in New York City as shall be notified to the relevant parties from time to time, except payments to be made directly to an Issuing Bank as expressly provided herein and except that payments pursuant to Sections 2.14, 2.15, 2.16 and 9.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof, and the Obligors shall have no liability in the event timely or correct distribution of such payments is not so made. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in U.S. dollars.
Payments by Obligors. The Administrative Agent shall be entitled to notify the Obligors of Transferred Receivables to make payments directly to the Administrative Agent (for the benefit of the Owners) of amounts due thereunder at any time and from time to time following the occurrence of (i) a Termination Event or (ii) a Complete Servicing Transfer and, at the request of the Required Owners, the Administrative Agent shall so notify the Obligors.
Payments by Obligors. At any time, and from time to time following a Complete Servicing Transfer, or if a Servicer Event shall have occurred and be continuing, the Seller, each Originator and the Servicer shall permit such Persons as the Administrative Agent may designate to open and inspect all mail received in the Permitted Lockboxes, by the Seller at any of its offices or by an Originator or the Servicer at any of their respective offices if (in the case of an Originator or the Servicer) such mail on its face appears that it may be related to the Purchased Receivables, and to remove therefrom any and all Collections or other correspondence from Obligors or the Originator in respect of Purchased Receivables. All Collections received by the Administrative Agent, the Managing Agents and the Buyers shall be applied in accordance with Section 5.05 hereof. The Administrative Agent shall be entitled to notify the Obligors of Purchased Receivables to make payments directly to the Administrative Agent, the Managing Agents or the Buyers of amounts due thereunder at any time and from time to time following the occurrence of (i) a Servicer Event, (ii) a Complete Servicing Transfer, or (iii) a violation by the Seller of the provisions of Section 6.08 hereof.
Payments by Obligors. At any time, and from time to time, following a Complete Servicing Transfer, the Seller, the terminated Servicer and each Originator shall permit such Persons as the Administrative Agent, with the consent of the Facility Agents, may designate to open and inspect all mail received by the Seller or the terminated Servicer and reasonably believed to relate to the Receivables, and to remove from such mail any and all Collections.
Payments by Obligors. Dealer agrees to remit in kind all funds collected or received as payment on RISCs purchased by CRB, such remittances to be made within twenty-four (24) hours of receipt from Obligor. Dealer agrees that it is responsible to CRB for any payments received by Dealer regardless of loss thereof as the result of misplacement, theft, embezzlement or dishonesty by the agents or employees of Dealer.
Payments by Obligors. The parties understand and agree that all payments with respect to the Purchased Loans must be deposited into a Blocked Account established at the Lockbox Bank in the name of a Seller subject to the lien of Buyer, as more particularly addressed in Section 29 of this Agreement.
Payments by Obligors. At any time, and from time to time following a Complete Servicing Transfer, or if a Termination Event or Servicer Default shall have occurred and be continuing, the Seller and the terminated Servicer shall permit such Persons as the Administrative Agent may designate to open and inspect all mail received by the Seller and the terminated Servicer at its Accounts Receivable Department, Collections Department or any other department of the Seller or the terminated Servicer performing the services of managing, administering or collecting the Receivables, and to remove therefrom any and all Collections or other correspondence from Obligors in respect of Receivables. All Collections received by the Administrative Agent shall be applied in accordance with Section 2.13(b) hereof. The Administrative Agent shall be entitled to notify the Obligors of Receivables to make payments directly to the Administrative Agent of amounts due thereunder at any time and from time to time following the occurrence of (i) a Termination Event, (ii) a Complete Servicing Transfer or (iii) a violation by the Seller or the terminated Servicer of the provisions of Section 4.09 hereof.
Payments by Obligors. At any time, and from time to time following a -------------------- Complete Servicing Transfer, or if a Servicer Event or Potential Servicer Event shall have occurred and be continuing, the Seller, the Company and the Servicer shall permit such Persons as the Buyer may designate to open and inspect all mail received by the Seller or the Servicer at any of its offices, and to remove therefrom any and all Collections or other correspondence from Obligors or the Company in respect of Purchased Receivables. All Collections received by the Buyer shall be applied in accordance with Section 5.05 hereof. The Buyer shall be entitled to notify the Obligors of Purchased Receivables to make payments directly to the Buyer of amounts due thereunder at any time and from time to time following the occurrence of (i) a Servicer Event, (ii) a Complete Servicing Transfer, or (iii) a violation by the Seller of the provisions of Section 6.08 hereof.
Payments by Obligors. At any time, and from time to time, following a Complete Servicing Transfer, the Seller and the terminated Servicer shall permit such Persons as the Administrative Agent, with the consent of the Facility Agents, may designate to open and inspect all mail received by the Seller or the terminated Servicer and reasonably believed to relate to the Receivables, and to remove therefrom any and all Collections. The Administrative Agent shall be entitled to notify the Obligors of Receivables to make payments directly to the Administrative Agent of amounts due thereunder (i) during the existence of a Termination Event or (ii) after the occurrence of a Complete Servicing Transfer
Payments by Obligors. The Administrative Agent shall be entitled to notify the Obligors of Transferred Receivables to make payments directly to the Administrative Agent (for the benefit of the Owners) of amounts due thereunder at any time and from time to time following the occurrence of (i) a Termination Event or (ii) a Complete Servicing Transfer and, at the request of the Required Owners, the Administrative Agent shall so notify the Obligors. (h) Following a Servicer Default, the Servicer will agree to (i) in the case of a Servicer Default specified in Section 6.7(d) and in the case of a Servicer Default specified in Section 6.7(e) relating to the occurrence of an Insolvency Event of the Servicer defined in clause (b)(iii) of the definition of “Insolvency Event”, cooperate with, or facilitate, the transfer of wireless service of the Obligors to a successor wireless service provider, and (ii) facilitate any transfer of servicing as described in this Article VI. Section 6.7
