Application of Deposits. The Depositor and the Servicer shall deposit or cause to be deposited in the Collection Account the aggregate Purchase Amount with respect to Purchased Contracts pursuant to Section 2.3 hereof or Sections 2.02 and 2.28 of the Servicing Agreement. All such deposits with respect to a Collection Period shall be made in immediately available funds no later than 5:00 p.m., New York City time, on the Business Day preceding the Payment Date following such Collection Period.
Appears in 2 contracts
Samples: Sale and Allocation Agreement (First Investors Financial Services Group Inc), Sale and Allocation Agreement (First Investors Financial Services Group Inc)
Application of Deposits. The Depositor and the Servicer shall deposit or cause to be deposited in the Collection Account the aggregate Purchase Amount with respect to Purchased Contracts pursuant to Section 2.3 hereof or Sections 2.02 and 2.28 of the Servicing Agreement. .. All such deposits with respect to a Collection Period shall be made in immediately available funds no later than 5:00 p.m., New York City time, on the Business Day preceding the Payment Date following such Collection Period.
Appears in 1 contract
Samples: Sale and Allocation Agreement (First Investors Financial Services Group Inc)
Application of Deposits. The Depositor Seller and the Servicer shall deposit or cause to be deposited in the Collection Account the aggregate Purchase Amount with respect to Purchased Contracts pursuant to Section SECTION 2.3 hereof or Sections 2.02 and 2.28 of the Servicing Agreementhereof. All such deposits with respect to a Collection Period shall be made in immediately available funds no later than 5:00 p.m., New York City time, on the Business Day preceding the Payment Date following such Collection Period.
Appears in 1 contract
Samples: Sale and Allocation Agreement (First Investors Financial Services Group Inc)
