Common use of SETTLEMENT AS TO SPECIFIC RECEIVABLES Clause in Contracts

SETTLEMENT AS TO SPECIFIC RECEIVABLES. If on the day of purchase of any Receivable from any Originator hereunder any of the representations or warranties relating to title set forth in Section 6.12 is not true with respect to such Receivable, then such Originator forthwith shall deliver to Servicer for deposit into a Lock-box Account same day funds in an amount equal to the Unpaid Balance of such Receivable for application by Servicer to the same extent as if Collections of such Unpaid Balance had actually been received on such date; provided, that if AFC thereafter receives payment on account of Collections due with respect to such Receivable, AFC promptly shall deliver such funds to such Originator.

SETTLEMENT AS TO SPECIFIC RECEIVABLES. If on the day of purchase of any Receivable from any Originator hereunder any of the representations or warranties relating to title set forth in Section 6.12 6.13 is not true with respect to such Receivable, then such Originator forthwith shall deliver to Servicer for deposit into a Lock-box Account same day funds in an amount equal to the Unpaid Outstanding Balance of such Receivable for application by Servicer to the same extent as if Collections of such Unpaid Outstanding Balance had actually been received on such date; provided, that if AFC thereafter receives payment on account of Collections due with respect to such Receivable, AFC promptly shall deliver such funds to such Originator.

SETTLEMENT AS TO SPECIFIC RECEIVABLES. If on the day of purchase of any Receivable from any the Originator hereunder any of the representations or warranties relating to title set forth in Section SECTION 6.12 is not true with respect to such Receivable, then such the Originator forthwith shall deliver to the Servicer for deposit into a Lock-box Account same day funds in an amount equal to the Unpaid Balance of such Receivable for application by the Servicer to the same extent as if Collections of such Unpaid Balance had actually been received on such date; providedPROVIDED, that if AFC thereafter receives payment on account of Collections due with respect to such Receivable, AFC promptly shall deliver such funds to such the Originator.