Collections definition
Examples of Collections in a sentence
The Borrower agrees to cause the delivery to the Servicer promptly (but in no event later than two (2) Business Days after receipt) all Collections (including any Deemed Collections) received by ▇▇▇▇▇▇▇▇ in respect of the Loans that are part of the Collateral.
Any Retained Collections Contribution made following a Collection Period, but on or before the related Payment Date may, at the Issuer’s discretion as designated in the applicable Manager Report, be included in Aggregate Annualized Net Cash Flow as of the related Determination Date.
Any Retained Collections Contribution will be required to be retained in the Liquidity Reserve Account until the earlier of (i) one year after its related deposit date, and (ii) such Retained Collections Contribution being required to be used to satisfy any Liquidity Reserve Draw Amount.
On and after the Series 2026-1 Closing Date, the Obligors agree to deposit all Retained Collections due to the Asset Entities in respect of the Fiber Network Assets that are paid by a Residential Customer into an account other than a Control Account or that are otherwise received but not deposited directly into a Control Account, in all cases within two Business Days following identification by the Obligors, to a Control Account or the Collection Account.
Notwithstanding anything herein to the contrary, any Retained Collections required under the Transaction Documents to be deposited into the Insurance Proceeds Account shall not be required to be deposited into the Collection Account until such time, if any, as they are released into the Collection Account as set forth in Section 7.06(b).