Common use of Remittances Clause in Contracts

Remittances. The Servicer shall deposit an amount equal to all Collections into the Collection Account within two Business Days after identification. Pending deposit into the Collection Account, Collections may be commingled and used by the Servicer at its own risk and are not required to be segregated from its own funds. The Servicer may deduct from Collections all Unrelated Amounts to the extent such Unrelated Amounts have not been previously reimbursed to the Servicer.

Appears in 25 contracts

Sources: Sale and Servicing Agreement (Bridgecrest Lending Auto Securitization Trust 2026-3), Sale and Servicing Agreement (Bridgecrest Auto Funding LLC), Sale and Servicing Agreement (Bridgecrest Lending Auto Securitization Trust 2026-2)

Remittances. The Servicer shall deposit an amount equal to all Collections into the Collection Account within the time, not to exceed two (2) Business Days after identificationits receipt thereof, necessary for the Servicer to clear any payments of Collections received; provided, however, that the Servicer may deduct from such Collections all Unrelated Amounts to the extent such Unrelated Amounts have not been previously reimbursed to the Servicer. Pending deposit into in the Collection Account, Collections may be commingled and used by the Servicer at its own risk and are not required to be segregated from its own funds. The Servicer may deduct from Collections all Unrelated Amounts to the extent such Unrelated Amounts have not been previously reimbursed to the Servicer.

Appears in 23 contracts

Sources: Servicing Agreement (Capital One Prime Auto Receivables Trust 2025-1), Servicing Agreement (Capital One Prime Auto Receivables Trust 2025-1), Servicing Agreement (Capital One Auto Receivables LLC)

Remittances. The Servicer shall deposit an amount equal to all Collections into the Collection Account within the time after its receipt thereof, not to exceed two (2) Business Days after identificationDays, necessary for the Servicer to clear any payments of Collections received. Pending deposit into in the Collection Account, Collections may be commingled and used by the Servicer at its own risk and are not required to be segregated from its own funds. The Servicer may deduct from Collections all Unrelated Amounts to the extent such Unrelated Amounts have not been previously reimbursed to the Servicer.

Appears in 9 contracts

Sources: Servicing Agreement (Fifth Third Auto Trust 2023-1), Servicing Agreement (Fifth Third Auto Trust 2023-1), Servicing Agreement (Fifth Third Auto Trust 2019-1)

Remittances. The Servicer shall deposit an amount equal to all Collections into the Collection Account within the time, not to exceed two (2) Business Days after identificationits receipt thereof, necessary for the Servicer to clear any payments of Collections received. Pending deposit into in the Collection Account, Collections may be commingled and used by the Servicer at its own risk and are not required to be segregated from its own funds. The Servicer may deduct from Collections all Unrelated Amounts to the extent such Unrelated Amounts have not been previously reimbursed to the Servicer.

Appears in 6 contracts

Sources: Servicing Agreement (Huntington Auto Trust 2016-1), Servicing Agreement (Huntington Auto Trust 2016-1), Servicing Agreement (Huntington Funding, LLC)

Remittances. The Servicer shall deposit an amount equal to all Collections collections into the Collection Account within two Business Days after identificationreceipt. Pending deposit into the Collection Account, Collections collections may be commingled and used by the Servicer at its own risk and are not required to be segregated from its own funds. The Servicer may deduct from Collections all Unrelated Amounts to the extent such Unrelated Amounts have not been previously reimbursed to the Servicer.

Appears in 4 contracts

Sources: Sale and Servicing Agreement (Santander Drive Auto Receivables LLC), Sale and Servicing Agreement (Drive Auto Receivables LLC), Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2007-1)

Remittances. [The Servicer shall deposit an amount equal to all Collections into the Collection Account within the time after its receipt thereof, not to exceed two (2) Business Days after identificationDays, necessary for the Servicer to clear any payments of Collections received. Pending deposit into in the Collection Account, Collections may be commingled and used by the Servicer at its own risk and are not required to be segregated from its own funds. The Servicer may deduct from Collections all Unrelated Amounts to the extent such Unrelated Amounts have not been previously reimbursed to the Servicer.]

Appears in 4 contracts

Sources: Servicing Agreement (Fifth Third Holdings Funding, LLC), Servicing Agreement (Fifth Third Holdings Funding, LLC), Servicing Agreement (Fifth Third Holdings Funding, LLC)

Remittances. The Servicer shall deposit an amount equal to all Collections into the Collection Account within two Business Days after identification. Notwithstanding the foregoing, the Servicer may remit Collections to the Collection Account on any other alternate remittance schedule (but not later than the related Payment Date) if the Rating Agency Condition is satisfied with respect to such alternate remittance schedule. Pending deposit into the Collection Account, Collections may be commingled and used by the Servicer at its own risk and are not required to be segregated from its own funds. The Servicer may deduct from Collections all Unrelated Amounts to the extent such Unrelated Amounts have not been previously reimbursed to the Servicer.

Appears in 4 contracts

Sources: Sale and Servicing Agreement (Usaa Acceptance LLC), Sale and Servicing Agreement (Usaa Acceptance LLC), Sale and Servicing Agreement (USAA Auto Owner Trust 2016-1)

Remittances. The Servicer shall deposit an amount equal to all Collections into the Collection Account within the time, not to exceed two (2) Business Days after identificationits receipt thereof, necessary for the Servicer to clear any payments of Collections received; provided, however, that the Servicer may deduct from such Collections all Unrelated Amounts to the extent such Unrelated Amounts have not been previously reimbursed to the Servicer. Pending deposit into in the Collection Account, Collections may be commingled and used by the Servicer at its own risk and are not required to be segregated from its own funds. The Servicer may deduct from Collections all Unrelated Amounts to the extent such Unrelated Amounts have not been previously reimbursed to the Servicer.funds.β€Œ

Appears in 2 contracts

Sources: Servicing Agreement, Servicing Agreement

Remittances. The Servicer shall deposit an amount equal to all Collections into the Collection Account within the time after its receipt thereof, not to exceed two Business Days after identificationDays, necessary for the Servicer to clear any payments of Collections received. Pending deposit into in the Collection Account, Collections may be commingled and used by the Servicer at its own risk and are not required to be segregated from its own funds. The Servicer may deduct from Collections all Unrelated Amounts to the extent such Unrelated Amounts have not been previously reimbursed to the Servicer.

Appears in 2 contracts

Sources: Servicing Agreement (Fifth Third Auto Trust 2014-1), Servicing Agreement (Fifth Third Auto Trust 2013-1)