Application of Collections After Termination Date Sample Clauses

Application of Collections After Termination Date. (a) On the Termination Date, the Servicer shall deposit to the Collection Account all Collections held by it on such date (including amounts previously set aside or held by it pursuant to Section 2.06). On each Business Day thereafter, the Servicer shall deposit to the Collection Account, within one (1) Business Day of its receipt thereof, all Collections received by it that have not previously been deposited to the Collection Account. The Servicer shall not make any withdrawals from the Collection Account during such period except for the purpose of distributing such Collections in accordance with this Section 2.07.
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Application of Collections After Termination Date. (a) On the Termination Date, the Servicer shall deposit to the Collection Account or, if the Collection Account has not been established, the Designated Deposit Account, all Collections held by it on such date (including amounts previously set aside or held by it pursuant to Section 2.07(b)). On each Business Day thereafter, the Servicer shall deposit to the Collection Account or, if the Collection Account has not been established, the Designated Deposit Account, within one (1) Business Day of its receipt thereof, all Collections received by it that have not previously been deposited to the Collection Account or, if the Collection Account has not been established, the Designated Deposit Account. The Servicer shall not make any withdrawals from the Collection Account or the Designated Deposit Account during such period.
Application of Collections After Termination Date. (a) On each Business Day on and after the Termination Date, the Collection Agent shall cause all Collections deposited into any Collection Account or otherwise received prior to such Business Day to be remitted to a Concentration Account maintained for the applicable Approved Currency.
Application of Collections After Termination Date. ..49 SECTION 2.08 Deemed Collections; Application of Payments............51 SECTION 2.09 Payments and Computations, Etc.........................52 SECTION 2.10 Tranches...............................................52 SECTION 2.11 Breakage Costs.........................................53 SECTION 2.12 Illegality.............................................53 SECTION 2.13 Inability to Determine Eurocurrency Rate...............53 SECTION 2.14 Indemnity for Reserves and Expenses....................54 SECTION 2.15

Related to Application of Collections After Termination Date

  • Application of Commitment Reductions; Payment of Fees The Administrative Agent will promptly notify the Appropriate Lenders of any termination or reduction of unused portions of the Letter of Credit Sublimit or the Swing Line Sublimit or the unused Commitments of any Class under this Section 2.06. Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.07). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination.

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