Accrued Interest, Etc. The Depositor agrees that any income, interest, fees and other payments that it may receive in respect of the Underlying Certificates applicable to a period on or after the Closing Date or Transfer Date, as applicable, shall inure to the benefit of the Trust, and the Depositor shall pay such amounts to the Trust promptly upon receipt (but in no event later than one Business Day thereafter).
Appears in 4 contracts
Samples: Deposit Trust Agreement (Delta Financial Corp), Indenture (Delta Financial Corp), Deposit Trust Agreement (Delta Financial Corp)
Accrued Interest, Etc. The Depositor agrees that any income, interest, fees and other payments that it may receive in respect of the Underlying Certificates Certificate applicable to a period on or after the Closing Date or Transfer Date, as applicable, shall inure to the benefit of the Trust, and the Depositor shall pay such amounts to the Trust Indenture Trustee to be remitted in accordance with the Indenture promptly upon receipt (but in no event later than one Business Day thereafter).
Appears in 1 contract
