Remittances to the Secured Parties. On each Remittance Date, the Collateral Agent shall remit all applicable amounts to each Secured Party in accordance with the provisions of Section 5.1. The foregoing notwithstanding, the final remittance in respect of the Note shall be made in the applicable manner specified above only upon presentation and surrender of the Note at the office of the Debtor specified by it in the notice of such final remittance or repurchase.
Appears in 3 contracts
Samples: Security Agreement (Union Acceptance Corp), Security Agreement (Credit Acceptance Corporation), Security Agreement (Credit Acceptance Corporation)
Remittances to the Secured Parties. On each Remittance Date, the Collateral Agent shall remit all applicable amounts Available Collections to each Secured Party in accordance with the provisions of Section 5.1. The foregoing notwithstanding, the final remittance in respect of the Note shall be made in the applicable manner specified above only upon presentation and surrender of the Note at the office of the Debtor specified by it in the notice of such final remittance or repurchase.
Appears in 2 contracts
Samples: Security Agreement (First Investors Financial Services Group Inc), Security Agreement (First Investors Financial Services Group Inc)
