Common use of Treatment of Collections and Deemed Collections Clause in Contracts

Treatment of Collections and Deemed Collections. The Seller shall forthwith deliver to the Master Servicer all Deemed Collections, and the Master Servicer shall hold or distribute such Deemed Collections as Earned Discount, CP Costs, accrued Servicing Fee, repayment of the Invested Amount or any Purchaser Group Invested Amount and to other accrued amounts owing hereunder to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master Servicer. If Collections are then being paid to any Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Group, or its designee, or to lock boxes or accounts directly or indirectly owned or controlled by the Administrative Agent, on behalf of the Investors, the Master Servicer shall forthwith cause such Deemed Collections to be paid to each Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Group, or its designee or to such lock boxes or accounts, as applicable, or as each applicable Purchaser Agent shall request. So long as the Seller shall hold any Collections (including Deemed Collections) required to be paid to the Master Servicer or any Agent, it shall hold such Collections in trust on behalf and for the benefit of the Agents, on behalf of themselves and the Investors, and shall clearly xxxx its records to reflect such trust; provided that unless the Administrative Agent shall have requested it in writing to do so, the Seller shall not be required to hold such Collections in a separate deposit account containing only such Collections.

Treatment of Collections and Deemed Collections. The Seller shall forthwith deliver to the Master Servicer all Deemed Collections, and the Master Servicer shall hold or distribute such Deemed Collections as Earned Discount, CP Costs, accrued Servicing Servicer's Fee, repayment of the Invested Amount or any Purchaser Group Invested Amount and to other accrued amounts owing hereunder Purchaser's Total Investment, etc. to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master Servicer. If Collections are then being paid to any Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Group, the Administrator or its designee, or to lock boxes or accounts directly or indirectly owned or controlled by the Administrative AgentAdministrator, on behalf of the Investors, the Master Servicer shall forthwith cause such Deemed Collections to be paid to each Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Group, the Administrator or its designee or to such lock boxes or accounts, as applicable, or as each applicable Purchaser Agent the Administrator shall request. So long as the Seller shall hold any Collections (including Deemed Collections) required to be paid to Servicer, the Master Servicer Administrator or any Collateral Agent, it shall hold such Collections in trust on behalf and for the benefit of the Agents, on behalf of themselves and the Investors, and shall clearly xxxx mxxx its records to reflect such trust; provided PROVIDED that unless the Administrative Agent Administrator or the Relationship Bank shall have requested it in writing to do so, the Seller shall not be required to hold such Collections in a separate deposit account containing only such Collections.

Treatment of Collections and Deemed Collections. The Seller shall forthwith deliver to the Master Servicer all Deemed Collections, and the Master Servicer shall hold or distribute such Deemed Collections as Earned Discount, CP Costs, accrued Servicing Servicer's Fee, repayment of the Invested Amount or any Purchaser Group Invested Amount Amount, and to other accrued amounts owing hereunder to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master Servicer. If Collections are then being paid to any Purchaser the Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchaser's behalf, or its designee, or to lock boxes or accounts directly or indirectly owned or controlled by the Administrative Agent, on behalf of the Investors, the Master Servicer shall forthwith cause such Deemed Collections to be paid to each Purchaser the Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchaser's behalf, or its designee or to such lock boxes or accounts, as applicable, or as each applicable Purchaser the Agent shall request. So long as the Seller shall hold any Collections (including Deemed Collections) required to be paid to the Master Servicer Servicer, the Agent or any the Collateral Agent, it shall hold such Collections in trust on behalf and for the benefit of the AgentsAgent, on behalf of themselves and the InvestorsPurchaser, and shall clearly xxxx its records to reflect such trust; provided that unless the Administrative Agent shall have requested it in writing to do so, the Seller shall not be required to hold such Collections in a separate deposit account containing only such Collections.

Treatment of Collections and Deemed Collections. The Seller shall forthwith immediately deliver to the Master Servicer all Deemed Collections, and the Master Servicer shall hold or distribute such Deemed Collections as Earned Discount, CP CostsYield, accrued Servicing Fee, repayment of the Invested Amount Purchasers’ Total Investment or any Purchaser Group Invested Amount and to other accrued amounts owing as otherwise applicable hereunder to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master Servicer. If Collections are then being paid to any Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Group, or its designee, or to lock boxes or accounts directly or indirectly owned or controlled by the Administrative Agent, on behalf of the Investors, the Master Servicer shall forthwith cause such Deemed Collections to be paid to each Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Group, or its designee or to such lock boxes or accounts, as applicable, or as each applicable Purchaser Agent shall request. So long as the Seller or Servicer shall hold any Collections (including Deemed Collections) required to be paid to the Master Servicer Servicer, any Purchaser Agent or any Agent, it Seller or Servicer shall hold such Collections in trust on behalf and for Agent for the benefit of the Agents, on behalf of themselves and the Investors, applicable Secured Party and shall clearly xxxx its master data processing records to reflect such trustthe same; provided that provided, that, unless the Administrative Agent or any Purchaser Agent shall have requested request it to do so in writing during the Liquidation Period or after the occurrence of any Event of Default that has not been waived in accordance with the terms of this Agreement, Seller or Servicer, and so long as Servicer is able, on each Business Day and on an equitable and consistent basis, to do soidentify which funds are Collections on Pool Receivables, the Seller shall not be required to hold such Collections in a separate deposit account containing only such CollectionsCollections and may commingle such Collections with its own funds. Seller shall promptly enforce all deemed collection and repurchase obligations of Originator under the Sale Agreement.

Treatment of Collections and Deemed Collections. The Seller shall forthwith deliver to the Master Servicer all Deemed Collections, and the Master Servicer shall hold or distribute such Deemed Collections as Earned Discount, CP Costs, Broken Funding Costs, accrued Servicing Fee, repayment of the Invested Amount or any Purchaser Group Invested Amount and to other accrued amounts owing hereunder to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master Servicer. If Collections are then being paid to any Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchasers, or its designee, or to lock boxes or accounts directly or indirectly owned or controlled by the Administrative Agent, Agent on behalf of the InvestorsPurchasers, the Master Servicer shall forthwith cause such Deemed Collections to be paid to each Purchaser Agent, on behalf of such Purchaser Agentthe related Purchaser’s Purchaser Groupbehalf, or its designee or to such lock boxes or accounts, as applicable, or as each applicable Purchaser Agent the Agents shall request. So long as the Seller shall hold any Collections (including Deemed Collections) required to be paid to the Master Servicer or any Agent, it shall hold such Collections in trust on behalf and for the benefit of the Agents, on behalf of themselves and the InvestorsPurchasers, and shall clearly xxxx its records to reflect such trust; provided that unless the Administrative Agent shall have requested it in writing to do so, the Seller shall not be required to hold such Collections in a separate deposit account containing only such Collections.. Article IIIA

Treatment of Collections and Deemed Collections. The Seller shall forthwith deliver to the Master Servicer Servicers all Deemed Collections, and the Master Servicer Servicers shall hold or distribute such Deemed Collections as Earned Discount, CP Costs, accrued Servicing Servicer's Fee, repayment of the Invested Amount or any Purchaser Group Invested Amount Purchaser's Total Investment and to other accrued amounts owing hereunder to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master ServicerServicers. If Collections are then being paid to any Purchaser the Administrative Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchaser's behalf, or its designee, or to lock boxes or accounts directly or indirectly owned or controlled by the Administrative Agent, on behalf of the Investors, the Master Servicer Servicers shall forthwith cause such Deemed Collections to be paid to each Purchaser the Administrative Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchaser's behalf, or its designee or to such lock boxes or accounts, as applicable, or as each applicable Purchaser the Administrative Agent shall request. So long as the Seller shall hold any Collections (including Deemed Collections) required to be paid to the Master Servicer Servicers or any the Administrative Agent, it shall hold such Collections in trust on behalf and for the benefit of the Agents, on behalf of themselves and the Investors, and shall clearly xxxx its records to reflect such trust; provided PROVIDED that unless the Administrative Agent shall have requested it in writing to do so, the Seller shall not be required to hold such Collections in a separate deposit account containing only such Collections.

Treatment of Collections and Deemed Collections. The Seller shall forthwith deliver to the Master Servicer Servicers all Deemed Collections, and the Master Servicer Servicers shall hold or distribute such Deemed Collections as CP Costs, Broken Funding Costs, Earned Discount, CP Costs, accrued Servicing Servicer's Fee, repayment of the Invested Amount or any Purchaser Group Invested Amount and to other accrued amounts owing hereunder to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master ServicerServicers. If Collections are then being paid to any Purchaser the Administrative Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchaser's behalf, or its designee, or to lock boxes or accounts directly or indirectly owned or controlled by the Administrative Agent, on behalf of the Investors, the Master Servicer Servicers shall forthwith cause such Deemed Collections to be paid to each Purchaser the Administrative Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchaser's behalf, or its designee or to such lock boxes or accounts, as applicable, or as each applicable Purchaser the Administrative Agent shall request. So long as the Seller shall hold any Collections (including Deemed Collections) required to be paid to the Master Servicer Servicers or any the Administrative Agent, it shall hold such Collections in trust on behalf and for the benefit of the Agents, on behalf of themselves and the Investors, and shall clearly xxxx its records to reflect such trust; provided that unless the Administrative Agent shall have requested it in writing to do so, the Seller shall not be required to hold such Collections in a separate deposit account containing only such Collections.

Treatment of Collections and Deemed Collections. The Seller shall forthwith deliver to the Master Servicer all Deemed Collections, and the Master Servicer shall hold or distribute such Deemed Collections as Earned Discount, CP Costs, accrued Servicing Servicer's Fee, repayment of the Invested Amount or any Purchaser Group Invested Amount Purchaser's Total Investment, and to other accrued amounts owing hereunder to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master Servicer. If Collections are then being paid to any Purchaser the Administrative Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchaser's behalf, or its designee, or to lock boxes or accounts directly or indirectly owned or controlled by the Administrative Agent, on behalf of the Investors, the Master Servicer shall forthwith cause such Deemed Collections to be paid to each Purchaser the Administrative Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchaser's behalf, or its designee or to such lock boxes or accounts, as applicable, or as each applicable Purchaser the Administrative Agent shall request. So long as the Seller shall hold any Collections (including Deemed Collections) required to be paid to the Master Servicer or any the Administrative Agent, it shall hold such Collections in trust on behalf and for the benefit of the AgentsAdministrative Agent, on behalf of themselves and the InvestorsPurchaser, and shall clearly xxxx its mark xxx records to reflect such trust; provided that unless the Administrative Agent shall have requested it in writing to do so, the Seller shall not be required to hold such Collections in a separate deposit account containing only such Collections.

Treatment of Collections and Deemed Collections. The Seller shall forthwith deliver to the Master Servicer all Deemed Collections, and the Master Servicer shall hold or distribute such Deemed Collections as Earned Discount, CP Costs, Broken Funding Costs, accrued Servicing Fee, repayment of the Invested Amount or any Purchaser Group Invested Amount Amount, and to other accrued amounts owing hereunder to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master Servicer. If Collections are then being paid to any Purchaser the Administrative Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchaser's behalf, or its designee, or to lock boxes or accounts directly or indirectly owned or controlled by the Administrative Agent, on behalf of the Investors, the Master Servicer shall forthwith cause such Deemed Collections to be paid to each Purchaser the Administrative Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchaser's behalf, or its designee or to such lock boxes or accounts, as applicable, or as each applicable Purchaser the Administrative Agent shall request. So long as the Seller shall hold any Collections (including Deemed Collections) required to be paid to the Master Servicer or any the Administrative Agent, it shall hold such Collections in trust on behalf and for the benefit of the AgentsAdministrative Agent, on behalf of themselves and the InvestorsPurchaser, and shall clearly xxxx its records to reflect such trust; provided that unless the Administrative Agent shall have requested it in writing to do so, the Seller shall not be required to hold such Collections in a separate deposit account containing only such Collections.

Treatment of Collections and Deemed Collections. The Seller shall forthwith deliver to the Master Servicer Servicers all Deemed Collections, and the Master Servicer Servicers shall hold or distribute such Deemed Collections as CP Costs, Broken Funding Costs, Earned Discount, CP Costs, accrued Servicing Servicer’s Fee, repayment of the Invested Amount or any Purchaser Group Invested Amount and to other accrued amounts owing hereunder to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master ServicerServicers. If Collections are then being paid to any Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchasers, or its designee, or to lock boxes or accounts directly or indirectly owned or controlled by the Administrative Agent, on behalf of the InvestorsPurchasers, the Master Servicer Servicers shall forthwith cause such Deemed Collections to be paid to each Purchaser Agent, on behalf of such Purchaser Agentthe related Purchaser’s Purchaser Groupbehalf, or its designee or to such lock boxes or accounts, as applicable, or as each applicable the Purchaser Agent shall request. So long as the Seller shall hold any Collections (including Deemed Collections) required to be paid to the Master Servicer Servicers or any Agent, it shall hold such Collections in trust on behalf and for the benefit of the Agents, on behalf of themselves and the InvestorsPurchasers, and shall clearly xxxx its records to reflect such trust; provided that unless the Administrative Agent shall have requested it in writing to do so, the Seller shall not be required to hold such Collections in a separate deposit account containing only such Collections.

Treatment of Collections and Deemed Collections. The Seller shall forthwith deliver to the Master Servicer all Deemed Collections, and the Master Servicer shall hold or distribute such Deemed Collections as Earned Discount, CP Costs, Broken Funding Costs, accrued Servicing Fee, repayment of the Invested Amount or any Purchaser Group Invested Amount and to other accrued amounts owing hereunder to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master Servicer. If Collections are then being paid to any Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchasers, or its designee, or to lock boxes or accounts directly or indirectly owned or controlled by the Administrative Agent, Agent on behalf of the InvestorsPurchasers, the Master Servicer shall forthwith cause such Deemed Collections to be paid to each Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe related Purchaser's behalf, or its designee or to such lock boxes or accounts, as applicable, or as each applicable Purchaser Agent the Agents shall request. So long as the Seller shall hold any Collections (including Deemed Collections) required to be paid to the Master Servicer or any Agent, it shall hold such Collections in trust on behalf and for the benefit of the Agents, on behalf of themselves and the InvestorsPurchasers, and shall clearly xxxx its records to reflect such trust; provided that unless the Administrative Agent shall have requested it in writing to do so, the Seller shall not be required to hold such Collections in a separate deposit account containing only such Collections.

Treatment of Collections and Deemed Collections. The Seller shall forthwith deliver to the Master Servicer all Deemed Collections, and the Master Servicer shall hold or distribute such Deemed Collections as Earned Discount, CP Costs, accrued Servicing Fee, repayment of the Invested Amount or any Purchaser Group Invested Amount Purchaser's Total Investment, and to other accrued amounts owing hereunder to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master Servicer. If Collections are then being paid to any Purchaser the Administrative Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchaser's behalf, or its designee, or to lock boxes or accounts directly or indirectly owned or controlled by the Administrative Agent, on behalf of the Investors, the Master Servicer shall forthwith cause such Deemed Collections to be paid to each Purchaser the Administrative Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchaser's behalf, or its designee or to such lock boxes or accounts, as applicable, or as each applicable Purchaser the Administrative Agent shall request. So long as the Seller shall hold any Collections (including Deemed Collections) required to be paid to the Master Servicer or any the Administrative Agent, it shall hold such Collections in trust on behalf and for the benefit of the AgentsAdministrative Agent, on behalf of themselves and the InvestorsPurchaser, and shall clearly xxxx its mark xxx records to reflect such trust; provided that unless the Administrative Agent shall have requested it in writing to do so, the Seller shall not be required to hold such Collections in a separate deposit account containing only such Collections.

Treatment of Collections and Deemed Collections. The Seller shall forthwith immediately deliver to the Master Servicer all Deemed Collections, and the Master Servicer shall hold or distribute such Deemed Collections as Earned Discount, CP CostsYield, accrued Servicing Fee, repayment of the Invested Amount Purchasers’ Total Investment or any Purchaser Group Invested Amount and to other accrued amounts owing as otherwise applicable hereunder to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master Servicer. If Collections are then being paid to any Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Group, or its designee, or to lock boxes or accounts directly or indirectly owned or controlled by the Administrative Agent, on behalf of the Investors, the Master Servicer shall forthwith cause such Deemed Collections to be paid to each Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Group, or its designee or to such lock boxes or accounts, as applicable, or as each applicable Purchaser Agent shall request. So long as the Seller or Servicer shall hold any Collections (including Deemed Collections) required to be paid to the Master Servicer Servicer, any Purchaser Agent or any Agent, it Seller or Servicer shall hold such Collections in trust on behalf and for Agent for the benefit of the Agents, on behalf of themselves and the Investors, applicable Secured Party and shall clearly xxxx its master data processing records to reflect such trustthe same; provided that provided, that, unless the Administrative Agent or any Purchaser Agent shall have requested request it to do so in writing during the Liquidation Period or after the occurrence of any Event of Default that has not been waived in accordance with the terms of this Agreement, Seller or Servicer, and 33 Mylan A&R Receivables Purchase Agreement so long as Servicer is able, on each Business Day and on an equitable and consistent basis, to do soidentify which funds are Collections on Pool Receivables, the Seller shall not be required to hold such Collections in a separate deposit account containing only such CollectionsCollections and may commingle such Collections with its own funds. Seller shall promptly enforce all deemed collection and repurchase obligations of Originator under the Sale Agreement.

Treatment of Collections and Deemed Collections. The Seller shall forthwith deliver to the Master Servicer all Deemed Collections, and the Master Servicer shall hold or distribute such Deemed Collections as Earned Discount, CP Costs, accrued Servicing Servicer's Fee, repayment of the Invested Amount or any Purchaser Group Invested Amount Amount, and to other accrued amounts owing hereunder to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master Servicer. If Collections are then being paid to any Purchaser the Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchaser's behalf, or its designee, or to lock boxes or accounts directly or indirectly owned or controlled by the Administrative Agent, on behalf of the Investors, the Master Servicer shall forthwith cause such Deemed Collections to be paid to each Purchaser the Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchaser's behalf, or its designee or to such lock boxes or accounts, as applicable, or as each applicable Purchaser the Agent shall request. So long as the Seller shall hold any Collections (including Deemed Collections) required to be paid to the Master Servicer Servicer, the Agent or any the Collateral Agent, it shall hold such Collections in trust on behalf and for the benefit of the AgentsAgent, on behalf of themselves and the InvestorsPurchaser, and shall clearly xxxx mark its records to reflect such trust; provided that PROVIDED THAT unless the Administrative Agent Agxxx shall have requested it in writing to do so, the Seller shall not be required to hold such Collections in a separate deposit account containing only such Collections.

Treatment of Collections and Deemed Collections. The Seller Borrower shall forthwith deliver to the Master Servicer all Deemed Collections, and the Master Servicer shall hold or distribute such Deemed Collections as Earned Discountin payment of interest, CP Costs, accrued Servicing Fee, repayment of the Invested Amount or any Purchaser Group Invested Amount fees and to principal and other accrued amounts owing hereunder to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master Servicer. If , provided, that, Borrower shall not be required to so deliver such Deemed Collections are then being paid as to any Purchaser AgentReceivable to Servicer so long as no Event of Default shall exist or have occurred and be continuing, on behalf to the extent that the purchase price payable by Borrower to Originator for Receivables under the Receivables Purchase Agreement has been reduced by the amount of such Purchaser Agent’s Purchaser Group, or its designee, or Deemed Collections pursuant to lock boxes or accounts directly or indirectly owned or controlled by the Administrative Agent, on behalf Section 3.1(b)(ii) of the InvestorsReceivables Purchase Agreement. During a Cash Dominion Period, unless the Master purchase price payable by Borrower to Originator for the Receivables has been so reduced, Servicer shall forthwith cause such Deemed Collections to be paid to each Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Group, Agent or its designee or to such lock lock-boxes or accounts, as applicable, applicable or as each applicable Purchaser Agent shall request. So long as the Seller Borrower shall hold any Collections (including Deemed Collections) required to be paid to the Master Servicer or any Agent, it shall segregate such Collections and hold such Collections in trust on behalf and for the benefit of the Agents, on behalf of themselves and the Investors, and shall clearly xxxx mark its records to reflect such trust; provided that unless the Administrative Agent shall have requested it in writing to do so, the Seller shall not be required to hold such Collections in a separate deposit account containing only such Collections.