Application of Collections. (a) With respect to each Receivable, all collections for the Collection Period shall be applied in accordance with the Servicer’s Servicing Procedures. (b) All Liquidation Proceeds shall be applied to the related Receivable.
Appears in 95 contracts
Samples: Sale and Servicing Agreement (CNH Equipment Trust 2024-C), Sale and Servicing Agreement (CNH Equipment Trust 2024-C), Sale and Servicing Agreement (CNH Equipment Trust 2024-B)
Application of Collections. (a) With respect to each Receivable, all collections for the Collection Period shall be applied in accordance with to the Servicer’s Servicing Proceduresrelated Scheduled Payment.
(b) All Liquidation Proceeds shall be applied to the related Receivable.
Appears in 17 contracts
Samples: Sale and Servicing Agreement (CNH Capital Receivables Inc), Sale and Servicing Agreement (CNH Equipment Trust 2003-B), Sale and Servicing Agreement (Case Receivables Ii Inc)
Application of Collections. (a) With respect to each Receivable, all collections for the Collection Period shall be applied in accordance with the Servicer’s Servicing Procedurescustomary procedures.
(b) All Liquidation Proceeds shall be applied to the related Receivable.
Appears in 7 contracts
Samples: Sale and Servicing Agreement (CNH Equipment Trust 2005-A), Sale and Servicing Agreement (CNH Capital Receivables Inc), Sale and Servicing Agreement (CNH Capital Receivables LLC)
Application of Collections. (a) With respect to each Receivable, all All collections for the Collection Period shall be applied by the Servicer as follows: With respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied to interest and principal in accordance with the Servicer’s Servicing ProceduresSimple Interest Method.
(b) All Liquidation Proceeds shall be applied to the related Receivable.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (Premier Auto Trust 1998-2), Sale and Servicing Agreement (Premier Auto Trust 1998 4), Sale and Servicing Agreement (Premier Auto Trust 1997-3)
Application of Collections. (a) With respect to each Receivable, all collections for the Collection Period shall be applied in accordance with the Servicer’s Servicing Procedures.
(ba) All Liquidation Proceeds shall be applied to the related Receivable.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (CNH Equipment Trust 2018-A), Sale and Servicing Agreement (CNH Equipment Trust 2018-A)
Application of Collections. (a) With respect to each Receivable, all All collections for the Collection Period shall be applied by the Servicer as follows: With respect to each Receivable (other than a Purchased Receivable), payments by or on behalf of the Obligor shall be applied to interest and principal in accordance with the Servicer’s Servicing Procedures.
(b) Simple Interest Method. All Liquidation Proceeds shall be applied to the related Receivable.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Premier Auto Trust 1998-1)
Application of Collections. (a) With respect to each Receivablereceivable, all collections for the Collection Period shall be applied in accordance with to the Servicer’s Servicing Proceduresrelated Scheduled Payment.
(b) All Liquidation Proceeds shall be applied to the related Receivable.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Case Receivables Ii Inc)
