Remittance of Collections. Company represents and warrants that each remittance of Collections by it hereunder to any Agent or any Lender hereunder will have been (a) in payment of a debt incurred by Company in the ordinary course of business or financial affairs of Company and (b) made in the ordinary course of business or financial affairs.
Remittance of Collections. Each payment from Account Debtor to Seller in respect of the Receivable is referred to herein as a “Collections Payment” and the aggregate Collections Payments in respect of the Receivable are referred to as the “Collections.” Servicer shall provide Purchaser written notice of its determination that the Final Collections Payment has been received, together with reasonable supporting documentation.
Remittance of Collections. (i) The Nominee shall segregate all amounts collected on account of such Underlying Mortgage Loans and Underlying REO Properties, and shall remit such collections (collectively, the “Funds”) no later than two (2) Business Days following receipt to the Collection Account in accordance with the below instructions. Each Seller Party hereby notifies and instructs the Nominee and the Nominee is hereby authorized and instructed to remit any and all Funds which would be otherwise payable to Seller Parties with respect to the Underlying Mortgage Loans and/or Underlying REO Property to the Collection Account which instructions are irrevocable without the prior written consent of Buyer.
Remittance of Collections. (a) The Servicer shall segregate all amounts collected on account of such Mortgage Loans and REO Properties in the Inbound Account in accordance with the terms and provisions of the Servicing Agreement. Following receipt by Servicer of written notice of the occurrence of an Event of Default, each of the Seller Parties hereby notifies and instructs the Servicer and the Servicer is hereby authorized and instructed to remit any and all amounts which would be otherwise payable to Seller Parties with respect to the Mortgage Loans and/or REO Property to the following account which instructions are irrevocable without the prior written consent of Administrative Agent: [INSERT INBOUND ACCOUNT]
Remittance of Collections. If the Borrower receives any Collections, the Borrower will remit such Collections to the Collection Account within one (1) Business Days of the Borrower’s receipt thereof.
Remittance of Collections. The Servicer shall deposit or cause to be deposited all Collections to the Collection Account no later than the second (2nd) Business Day following the date of receipt of such Collections, whether such Collections were received centrally, at a local branch or otherwise.
Remittance of Collections. 2.1 Bank will make a daily closure of the amount at 23:59 hours for amount received through Debit/Credit Cards/Aggregator Service. The amount so collected will be credited to the TDB Account on the next working day under any circumstance. The amount collected digitally will be transmitted to respective accounts of devaswom accounts officer maintained for a particular devaswom group. The amounts received after the aforementioned cut off times will be treated as receipts on the next working days and credited to TDB account of accredited bank branch accordingly. In any case the amount will be remitted on T+1 basis to the accredited bank branch, “T” being the date of transaction by the end user. The accredited branch will be settling with partner bank of TDB by T+1, “T” being the credit to accredited bank branch.
Remittance of Collections. 76 ARTICLE XVII MISCELLANEOUS
Remittance of Collections. (a) Upon the transfer of PACE Charge Liens to the Trust pursuant to Section 2.01 hereof, the Servicers will, in accordance with the servicing standard set forth in Section 2.01(a) of the applicable Servicing Agreement, enforce and secure Collections on liens held by the Trust with respect to a Subject Property including any PACE Charge Liens, which Collections, pursuant to the Paying Agent and Custody Agreement, shall be received and deposited by the Paying Agent and Custodian into the appropriate account pursuant to the provisions of the Trust Agreement and Paying Agent and Custody Agreement, as may be amended from time to time. With respect to a Subject Property, such Collections shall be applied as follows:
Remittance of Collections. (i) On or before the second to last Business Day of each month (the "Remittance Date"), and subject to the provisions of paragraph 10 hereunder, the Collection Agent shall deposit to the Agent's account for the benefit of the Purchaser, as described in paragraph 9(i), the amount of such Collections deposited in the Segregated Account since the immediately preceding Remittance Date; provided, that, any Collections received by the Collection Agent with respect to any Scheduled Payment included in the calculation of the Purchase Price of a Purchased Lease Receivable on or prior to the Purchase Date therefor, shall be remitted to the Purchaser on such Purchase Date.
