Security Deposits. In accordance with Section 2.4 of the Servicing Agreement, on the Payment Date related to the Collection Period in which a Security Deposit (as defined in the Servicing Agreement) becomes a Collection, the Servicer shall deposit such amounts in the Collection Account.
Appears in 34 contracts
Sources: Transaction Subi Supplement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Transaction Subi Supplement to Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Transaction Subi Supplement to Servicing Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Security Deposits. In accordance with Section 2.4 of the Servicing Agreement, on the Payment Date (or, in the case of the Special Payment Date, on the Special Payment Date) related to the Collection Period in which a Security Deposit (as defined in the Servicing Agreement) becomes a Collection, the Servicer shall deposit such amounts in the Collection Account.
Appears in 2 contracts
Sources: Transaction Subi Supplement to Servicing Agreement (Volkswagen Auto Lease Trust 2013-A), Transaction Subi Supplement (Volkswagen Auto Lease Trust 2013-A)