Common use of Initial Deposits Clause in Contracts

Initial Deposits. On each Funding Date, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received on and after the applicable Cut-Off Date and through and including the day that is two days immediately preceding such Funding Date, in respect of the Loans.

Appears in 8 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

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Initial Deposits. On each the Funding Date, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received on and after the applicable Cut-Off Date and through and including the day that is two days immediately preceding such the Funding Date, in respect of the Loans.

Appears in 7 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Initial Deposits. On each the Funding Date, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received on and after the applicable Cut-Off Date and through and including the day that is two days immediately preceding such the Funding Date, in respect of the Loans.

Appears in 4 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Initial Deposits. On each Funding Date, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received on and after the applicable Cut-Off Cut‑Off Date and through and including the day that is two days immediately preceding such Funding Date, in respect of the Loans.

Appears in 2 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Initial Deposits. On each Funding DateDate on which Collateral is contributed, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received on and after the applicable Cut-Off Date and through and including the day that is two days immediately preceding such Funding Date, in respect of the Loans.

Appears in 2 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Initial Deposits. On each the Funding Date, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received on and after 47 the applicable Cut-Off Date and through and including the day that is two days immediately preceding such the Funding Date, in respect of the Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

Initial Deposits. On each Funding DateDate on which Collateral is contributed, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received on and after the applicable Cut-Off Date and through and including the day that is two (2) days immediately preceding such Funding Date, in respect of the Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

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Initial Deposits. On each the Funding Date, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received on and after the applicable Cut-Off Date and through and including the day that is two days immediately preceding such Funding Date, in respect of the Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corporation)

Initial Deposits. On each Funding Date, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received on and after the applicable Cut-Off Date and through and including the day that is two days immediately preceding such Funding Date, in respect of the Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

Initial Deposits. On each Funding DateDate on which Collateral is contributed, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received on and after the applicable Cut-Off Cut‑Off Date and through and including the day that is two days immediately preceding such Funding Date, in respect of the Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

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