Certain Reimbursements to the Master Servicer. The Master Servicer shall be entitled to withhold from amounts otherwise required to be remitted to the Master Collection Account with respect to a Collection Period an amount in respect of funds deposited with respect to prior Collection Periods in the Master Collection Account but later determined by the Master Servicer to have resulted from mistaken deposits or postings or checks returned for insufficient funds; provided, that, such withholding may be made only following certification by the Master Servicer of such amounts and the provision of such information to the Indenture Trustee, as may be necessary in the opinion of the Indenture Trustee to verify the accuracy of such certification.
Appears in 4 contracts
Samples: Master Sale and Servicing Agreement (Household Automotive Trust 2001-1), Master Sale and Servicing Agreement (Household Automotive Trust v Series 2000 2), Master Sale and Servicing Agreement (Household Automotive Trust Vi Series 2000 3)
Certain Reimbursements to the Master Servicer. The Master Servicer shall be entitled to withhold from amounts otherwise required to be remitted to the Master Collection Account with respect to a Collection Period an amount in respect of funds deposited with respect to prior Collection Periods in the Master Collection Account but later determined by the Master Servicer to have resulted from mistaken deposits or postings or checks returned for insufficient funds; provided, that, such withholding may be made only following certification by the Master Servicer of such amounts and the provision of such information to the Indenture Trustee, Trustee and the Administrator as may be necessary in the opinion of the Indenture Trustee and the Administrator to verify the accuracy of such certification.
Appears in 4 contracts
Samples: Master Sale and Servicing Agreement (HSBC Automotive Trust 2005-1), Master Sale and Servicing Agreement (HSBC Automotive Trust 2005-3), Master Sale and Servicing Agreement (Household Automotive Trust 2004-1)
Certain Reimbursements to the Master Servicer. The Master Servicer shall be entitled to withhold from amounts otherwise required to be remitted to the Master Collection Account with respect to a Collection Period an amount in respect of funds deposited with respect to prior Collection Periods in the Master Collection Account but later determined by the Master Servicer to have resulted from mistaken deposits or postings or checks returned for insufficient funds; provided, that, such withholding may be made only following certification by the Master Servicer of such amounts and the provision of such information to the Indenture Trustee, Trustee as may be necessary in the opinion of the Indenture Trustee to verify the accuracy of such certification.
Appears in 2 contracts
Samples: Master Sale and Servicing Agreement (Household Automotive Trust 2003-2), Master Sale and Servicing Agreement (Household Auto Receivables Corp)
Certain Reimbursements to the Master Servicer. The Master Servicer shall be entitled to withhold from amounts otherwise required to be remitted to the Master Collection Account with respect to a Collection Period an amount in respect of funds deposited with respect to prior Collection Periods in the Master Collection Account but later determined by the Master Servicer to have resulted from mistaken deposits or postings or checks returned for insufficient funds; providedPROVIDED, thatTHAT, such withholding may be made only following certification by the Master Servicer of such amounts and the provision of such information to the Indenture Trustee, as may be necessary in the opinion of the Indenture Trustee to verify the accuracy of such certification.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Household Auto Receivables Corp)
Certain Reimbursements to the Master Servicer. The Master Servicer shall be entitled to withhold from amounts otherwise required to be remitted to the Master Collection Account with respect to a Collection Period an amount in respect of funds deposited with respect to prior Collection Periods in the Master Collection Account but later determined by the Master Servicer to have resulted from mistaken deposits or postings or checks returned for insufficient funds; providedPROVIDED, thatTHAT, such withholding may be made only following certification by the Master Servicer of such amounts and the provision of such information to the Indenture Trustee, as may be necessary in the opinion of the Indenture Trustee to verify the accuracy of such certification.
Appears in 1 contract
Samples: Master Sale and Servicing Agreement (Household Auto Receivables Corp)
Certain Reimbursements to the Master Servicer. The Master Servicer shall be entitled to withhold from amounts otherwise required to be remitted to the Master Collection Account with respect to a Collection Period an amount in respect of funds deposited with respect to prior Collection Periods in the Master Collection Account but later determined by the Master Servicer to have resulted from mistaken deposits or postings or checks returned for insufficient funds; provided, that, such withholding may be made only following certification by the Master Servicer of such amounts and the provision of such information to the Indenture Trustee, as may be necessary in the opinion of the Indenture Trustee to verify the accuracy of such certification.
Appears in 1 contract
Samples: Master Sale and Servicing Agreement (Household Automobile Revolving Trust I)