Funding of Collection Account Sample Clauses

Funding of Collection Account. (a) As soon as practicable, and in any event no later than 12:00 noon (New York time) on each Business Day:
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Funding of Collection Account. (a) As soon as practicable, and in any event no later than 11:00 a.m. (New York time) on each Business Day:
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Funding of Collection Account. Following receipt of any Borrowing Request, and subject to satisfaction of the conditions set forth in Section 3.02, the Applicable Lender shall make available to or on behalf of the Borrower on the Advance Date specified therein the lesser of (x) the requested increase in the Outstanding Principal Amount specified in such Borrowing Request and (y) the Funding Availability by depositing such amount in immediately available funds into the Collection Account. The Applicable Lender shall, or shall cause the Administrative Agent to, deposit into the Borrower Account on each Business Day during the Revolving Period, in immediately available funds, all amounts on deposit in the Collection Account that are to be disbursed pursuant to Section 6.03(b).
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Funding of Collection Account. No later than 11:30 a.m. (New York City time) on each Business Day:
Sample 1
Funding of Collection Account. (a) As soon as practicable, and in any event no later than 11:00 a.m. (New York time) on each Business Day: (i) if the Operating Agent or the Collateral Agent has taken exclusive dominion and control over the Lockbox Accounts pursuant to Section 6.01(a)(i), the Operating Agent, the Collateral Agent, the Seller and the Servicer shall cause the Lockbox Bank to make the transfer to the Collection Account required to be made on such Business Day pursuant to Section 6.01(b)(ii); (ii) the Purchaser or the Operating Agent shall, or shall cause the Collateral Agent to, deposit in the Collection Account the amount, if any, required pursuant to Section 2.04(b)(i); (iii) the Purchaser or the Operating Agent shall, or shall cause the Collateral Agent to, deposit in the Collection Account any Seller LOC Draws or Insurance Draws made on such Business Day; (iv) if, on the immediately preceding Business Day, the Operating Agent shall have notified the Seller of any Purchase Excess pursuant to Section 2.11, then the Seller shall deposit cash in the amount of such Purchase Excess in the Collection Account; (v) if on such Business Day the Seller is required to make other payments under this Agreement not previously retained out of Collections (including Additional Amounts and Indemnified Amounts not previously paid), then the Seller shall deposit an amount equal to such payments in the Collection Account; (vi) if, on the immediately preceding Business Day, any Originator made a capital contribution or repurchased a Transferred Receivable pursuant to Section 4.04 of the Transfer Agreement, or made a payment as a result of any Dilution Factors pursuant to Section 4.02(o) of the Transfer Agreement, then the Seller shall deposit cash in the amount so received from such Originator for such contribution, repurchase or payment in the Collection Account; (vii) the Servicer shall deposit in the Collection Account the Outstanding Balance of any Transferred Receivable it elects to pay pursuant to Section 7.04; and (viii) if the Operating Agent and the Collateral Agent have not taken dominion and control over the Lockbox Account Agreement pursuant to Section 6.01(a)(i), the Seller shall deposit in the Collection Account an amount equal to the following for such Business Day and any immediately preceding non-Business Days; (A) the Daily Yield (B) the Servicing Fee; and (C) the Unused Facility Fee. (b) If, on or before the second Business Day immediately preceding any Settlement Date, the...
Sample 1
Funding of Collection Account. (a) If the Administrative Agent has taken dominion and control over the Lockbox Accounts pursuant to Section 6.01(a)(i), as soon as practicable, and in any event, no later than 1:00 p.m. (New York time) on each Business Day:
Sample 1
Funding of Collection Account. (a) No later than 11:30 a.m. Pacific time on each Business Day:
Sample 1
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Related to Funding of Collection Account

  • Payments to Collection Account On or before the applicable Cut-Off Date, the Servicer shall have instructed all Obligors to make all payments in respect of the Collateral Portfolio directly to the Collection Account; provided that the Servicer is not required to so instruct any Obligor which is solely a guarantor or other surety (or an Obligor that is not designated as the “lead borrower” or another such similar term) unless and until the Servicer calls on the related guaranty or secondary obligation.

  • Collection Account (a) On the Closing Date, the Master Servicer shall open and shall thereafter maintain a segregated account held in trust (the “Collection Account”), entitled “Collection Account, Aurora Loan Services LLC, as Master Servicer, in trust for the benefit of the Holders of Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates, Series 2005-5.” The Collection Account shall relate solely to the Certificates issued by the Trust Fund hereunder, and funds in such Collection Account shall not be commingled with any other monies.

  • Establishment of Collection Account (a) The Servicer, on behalf of the Issuer and the Indenture Trustee, shall establish the Collection Account in the name of the Indenture Trustee for the benefit of the Securityholders. The Collection Account shall be an Eligible Deposit Account initially established with the Indenture Trustee and maintained with the Indenture Trustee. Except as otherwise provided in this Agreement, in the event that the Collection Account maintained with the Indenture Trustee is no longer an Eligible Deposit Account, then the Servicer shall, with the Indenture Trustee’s assistance, as necessary, use reasonable efforts to cause the Collection Account to be moved to an Eligible Institution within thirty days.

  • Deposits to Collection Account The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication), within two (2) Business Days after receipt thereof, into the Collection Account and retain therein in trust for the benefit of the Grantor Trust Holder:

  • Withdrawals from the Collection Account and Distribution Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.03:

  • Withdrawals from the Collection Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.01:

  • Deposits to the Collection Account and Special Payments Account (a) The Subordination Agent shall, upon receipt thereof, deposit in the Collection Account all Scheduled Payments received by it (other than any Scheduled Payment which by the express terms hereof is to be deposited to a Cash Collateral Account).

  • Funding Account The Administrative Agent shall have received a notice setting forth the deposit account of the Borrower (the “Funding Account”) to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any Borrowings requested or authorized pursuant to this Agreement.

  • The Collection Account (a) The Trust Administrator shall establish and maintain in the name of the Notes Intermediary the Collection Account as provided in Section 5.07, which account shall be pledged to the Indenture Trustee for the benefit of the Noteholders.

  • Deposits to the Collection Account On behalf of the Trust Fund, the Master Servicer shall deposit or cause to be deposited in the clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Master Servicer's receipt thereof, and shall thereafter deposit in the Collection Account, in no event more than two Business Days after the deposit of such funds into the clearing account, as and when received or as otherwise required hereunder, and retain therein, the following payments and collections received or made by it subsequent to the Cut-off Date with respect to the Mortgage Loans, or payments (other than Principal Prepayments) received by it on or prior to the Cut-off Date but allocable to a Due Period subsequent thereto:

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