Common use of Collection of Money Clause in Contracts

Collection of Money. Except as otherwise expressly provided herein, the Indenture Trustee may demand payment or delivery of, and shall receive and collect, directly and without intervention or assistance of any fiscal agent or other intermediary, all money and other property payable to or receivable by the Trust Collateral Agent pursuant to the Sale and Servicing Agreement. The Indenture Trustee shall apply all such money received by it, or cause the Trust Collateral Agent to apply all money received by it as provided in this Indenture and the Sale and Servicing Agreement. Except as otherwise expressly provided in this Indenture or in the Sale and Servicing Agreement, if any default occurs in the making of any payment or performance under any agreement or instrument that is part of the Trust Property, the Indenture Trustee may at the expense of the Issuer take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedings. Any such action shall be without prejudice to any right to claim an Indenture Default or Indenture Event of Default under this Indenture and any right to proceed thereafter as provided in Article V.

Appears in 35 contracts

Samples: Indenture (Credit Acceptance Corp), Indenture (Credit Acceptance Corp), Indenture (Credit Acceptance Corp)

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Collection of Money. Except as otherwise expressly provided herein, the Indenture Trustee may demand payment or delivery of, and shall receive and collect, directly and without intervention or assistance of any fiscal agent or other intermediary, all money and other property payable to or receivable by the Trust Collateral Agent Indenture Trustee pursuant to this Indenture and the Sale and Servicing Agreement. The Indenture Trustee shall apply all such money received by it, or cause the Trust Collateral Agent to apply all money received by it as provided directed by the Servicer in accordance with this Indenture and the Sale and Servicing Agreement. Except as otherwise expressly provided in this Indenture or in the Sale and Servicing Agreement, if any default occurs in the making of any payment or performance under any agreement or instrument that is part of the Trust PropertyCollateral, the Indenture Trustee may at the expense of the Issuer take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedingsProceedings. Any such action shall be without prejudice to any right to claim an Indenture a Default or Indenture Event of Default under this Indenture and any right to proceed thereafter as provided in Article V.Five.

Appears in 15 contracts

Samples: Indenture (Harley-Davidson Motorcycle Trust 2024-B), Indenture (Harley-Davidson Motorcycle Trust 2024-B), Indenture (Harley-Davidson Motorcycle Trust 2024-A)

Collection of Money. Except as otherwise expressly provided herein, the Indenture Trustee and the Indenture Administrator may demand payment or delivery of, and shall receive and collect, directly and without intervention or assistance of any fiscal agent or other intermediary, all money and other property payable to or receivable by the Trust Collateral Agent Indenture Trustee pursuant to the Sale and Servicing Agreementthis Indenture. The Indenture Trustee and the Indenture Administrator shall apply all such money received by it, it on behalf of Noteholders or cause the Trust Collateral Agent pursuant to apply all money received by it the Administration Agreement as provided in this Indenture and the Sale and Servicing AgreementIndenture. Except as otherwise expressly provided in this Indenture or in the Sale and Servicing AgreementIndenture, if any default occurs in the making of any payment or performance under any agreement or instrument that is part of the Indenture Trust PropertyEstate, the Indenture Trustee and the Indenture Administrator may at the expense of the Issuer take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedingsProceedings. Any such action shall be without prejudice to any right to claim an Indenture Default or Indenture Event of a Default under this Indenture and any right to proceed thereafter as provided in Article V.

Appears in 10 contracts

Samples: Indenture (SLC Student Loan Receivables I Inc), Indenture (SLC Private Student Loan Trust 2006-A), Indenture (SLC Student Loan Trust 2007-1)

Collection of Money. Except as otherwise expressly ------------------- provided herein, the Indenture Trustee may demand payment or delivery of, and shall receive and collect, directly and without intervention or assistance of any fiscal agent or other intermediary, all money and other property payable to or receivable by the Trust Collateral Agent pursuant to this Indenture and the Sale and Servicing Agreement. The Indenture Trustee shall apply all such money received by it, or cause the Trust Collateral Agent to apply all money received by it as provided in this Indenture and the Sale and Servicing Agreement. Except as otherwise expressly provided in this Indenture or in the Sale and Servicing Agreement, if any default occurs in the making of any payment or performance under any agreement or instrument that is part of the Trust Property, the Indenture Trustee may at the expense of the Issuer take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedings. Any such action shall be without prejudice to any right to claim an Indenture a Default or Indenture Event of Default under this Indenture and any right to proceed thereafter as provided in Article V.

Appears in 4 contracts

Samples: Indenture (TFC Enterprises Inc), Indenture (TFC Enterprises Inc), Indenture (TFC Enterprises Inc)

Collection of Money. Except as otherwise expressly provided herein, the Indenture Trustee may demand payment or delivery of, and shall receive and collect, directly and without intervention or assistance of any fiscal agent or other intermediary, all money and other property payable to or receivable by the Trust Collateral Agent Indenture Trustee pursuant to the Sale and Servicing Agreementthis Indenture. The Indenture Trustee shall apply all such money received by itit on behalf of itself and the Noteholders pursuant to the Loan Sale Agreement, the Servicing Agreement or cause the Trust Collateral Agent to apply all money received by it Administration Agreement as provided in this Indenture and the Sale and Servicing AgreementIndenture. Except as otherwise expressly provided in this Indenture or in the Sale and Servicing AgreementIndenture, if any default occurs in the making of any payment or performance under any agreement or instrument that is part of the Indenture Trust PropertyEstate, the Indenture Trustee may at the expense of the Issuer take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedingsProceedings. Any such action shall be without prejudice to any right to claim an Indenture Default or Indenture Event of a Default under this Indenture and any right to proceed thereafter as provided in Article V.

Appears in 2 contracts

Samples: Indenture (Efg Funding Corp), Indenture (Usa Group Secondary Market Services Inc)

Collection of Money. Except as otherwise expressly provided herein, the Indenture Trustee may demand payment or delivery of, and shall receive and collect, directly and without intervention or assistance of any fiscal agent or other intermediary, all money and other property payable to or receivable by the Trust Collateral Agent Indenture Trustee pursuant to this Indenture and the Sale and Servicing Agreement. The Indenture Trustee or the Note Paying Agent on its behalf shall apply all such money received by it, or cause the Trust Collateral Agent to apply all money received by it as provided in this Indenture and the Sale and Servicing AgreementSeries Supplement. Except as otherwise expressly provided in this Indenture or in the Sale and Servicing Agreement, if any default occurs in the making of any payment or performance under any agreement or instrument that is part of the Series Trust PropertyEstate, the Indenture Trustee may may, and at the expense direction of the Issuer Holders of the Outstanding Amount of the Notes shall, take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedings. Any such action shall be without prejudice to any right to claim an Indenture a Default or Indenture Event of Default under this Indenture and any right to proceed thereafter as provided in Article V.

Appears in 2 contracts

Samples: Indenture (HSBC Automotive Trust (USA) 2007-1), Indenture (HSBC Automotive Trust (USA) 2006-1)

Collection of Money. Except as otherwise expressly provided herein, the Indenture Trustee may demand payment or delivery of, and shall receive and collect, directly and without intervention or assistance of any fiscal agent or other intermediary, all money and other property payable to or receivable by the Trust Collateral Agent pursuant to this Indenture and the Sale and Servicing Agreement. The Indenture Trustee shall apply all such money received by it, or cause the Trust Collateral Agent to apply all money received by it as provided in this Indenture and the Sale and Servicing Agreement. Except as otherwise expressly provided in this Indenture or in the Sale and Servicing Agreement, if any default occurs in the making of any payment or performance under any agreement or instrument that is part of the Trust Property, the Indenture Trustee may at the expense of the Issuer take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedings. Any such action shall be without prejudice to any right to claim an Indenture a Default or Indenture Event of Default under this Indenture and any right to proceed thereafter as provided in Article V.

Appears in 1 contract

Samples: Indenture (TFC Enterprises Inc)

Collection of Money. Except as otherwise expressly provided herein, the Indenture Trustee may demand payment or delivery of, and shall receive and collect, directly and without intervention or assistance of any fiscal agent or other intermediary, all money and other property payable to or receivable by the Trust Collateral Agent pursuant to the Sale and Servicing Agreement. The Indenture Trustee shall apply all such money received by it, or cause the Trust Collateral Agent to apply all money received by it as provided in this Indenture and the Sale and Servicing Agreement. Except as otherwise expressly provided in this Indenture or in the Sale and Servicing Agreement, if any default occurs in the making of any payment or performance under any agreement or instrument that is part of the Trust Property, the Indenture Trustee may at the expense of the Issuer take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedings. Any such action shall be without prejudice to any right to claim an Indenture Default or Indenture Event of Default under this Indenture and any right to proceed thereafter as provided in Article V.V. 23919155.5

Appears in 1 contract

Samples: Indenture (Credit Acceptance Corp)

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Collection of Money. Except as otherwise expressly provided herein, the Indenture Trustee may demand payment or delivery of, and shall receive and collect, directly and without intervention or assistance of any fiscal agent or other intermediary, all money and other property payable to or receivable by the Trust Collateral Agent Indenture Trustee pursuant to this Indenture and the Sale and Servicing Agreement. The Indenture Trustee shall apply all such money received by it, or cause the Trust Collateral Agent to apply all money received by it it, as provided in this Indenture and the Sale and Servicing Agreement. Except as otherwise expressly provided in this Indenture or in the Sale and Servicing Agreement, if any default occurs in the making of any payment or performance under any agreement or instrument that is part of the Trust Pledged Property, the Indenture Trustee may at the expense of the Issuer take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedings. Any such action shall be without prejudice to any right to claim an Indenture a Default or Indenture Event of Default under this Indenture and any right to proceed thereafter as provided in Article V.

Appears in 1 contract

Samples: Indenture (Long Beach Acceptance Corp)

Collection of Money. Except as otherwise expressly provided herein, the Indenture Trustee may demand payment or delivery of, and shall receive and collect, directly and without intervention or assistance of any fiscal agent or other intermediary, all money and other property payable to or receivable by the Trustee or the Trust Collateral Agent Agent, if any, pursuant to this Indenture and the Master Sale and Servicing Agreement. The Indenture Trustee shall apply all such money received by it, or cause the Trust Collateral Agent Agent, if any, to apply all money received by it as provided in this Indenture and the Sale and Servicing Agreementrespective Series Supplements. Except as otherwise expressly provided in this Indenture or in the Master Sale and Servicing Agreement, if any default occurs in the making of any payment or performance under any agreement or instrument that is part of the related Series Trust PropertyEstate, the Indenture Trustee may at the expense of the Issuer take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedings. Any such action shall be without prejudice to any right to claim an Indenture a Default or Indenture Event of Default under this Indenture and any right to proceed thereafter as provided in Article V.

Appears in 1 contract

Samples: Indenture (Household Auto Receivables Corp)

Collection of Money. Except as otherwise expressly provided herein, the Indenture Trustee may demand payment or delivery of, and shall receive and collect, directly and without intervention or assistance of any fiscal agent or other intermediary, all money and other property payable to or receivable by the Trust Collateral Agent pursuant to this Indenture and the Sale and Servicing Agreement. The Indenture Trustee shall apply all such money received by it, or cause the Trust Collateral Agent to apply all money received by it as provided in this Indenture and the Sale and Servicing Agreement. Except as otherwise expressly provided in this Indenture or in the Sale and Servicing Agreement, if any default occurs in the making of any payment or performance under any agreement or instrument that is part of the Trust PropertyEstate, the Indenture Trustee may at the expense of the Issuer take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedings. Any such action shall be without prejudice to any right to claim an Indenture a Default or Indenture Event of Default under this Indenture and any right to proceed thereafter as provided in Article V.

Appears in 1 contract

Samples: Indenture (Americredit Corp)

Collection of Money. Except as otherwise expressly provided herein, the Indenture Trustee may demand payment or delivery of, and shall receive and collect, directly and without intervention or assistance of any 19914942.3 fiscal agent or other intermediary, all money and other property payable to or receivable by the Trust Collateral Agent pursuant to the Sale and Servicing Agreement. The Indenture Trustee shall apply all such money received by it, or cause the Trust Collateral Agent to apply all money received by it as provided in this Indenture and the Sale and Servicing Agreement. Except as otherwise expressly provided in this Indenture or in the Sale and Servicing Agreement, if any default occurs in the making of any payment or performance under any agreement or instrument that is part of the Trust Property, the Indenture Trustee may at the expense of the Issuer take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedings. Any such action shall be without prejudice to any right to claim an Indenture Default or Indenture Event of Default under this Indenture and any right to proceed thereafter as provided in Article V.

Appears in 1 contract

Samples: Indenture (Credit Acceptance Corp)

Collection of Money. Except as otherwise expressly provided herein, the Indenture Trustee may demand payment or delivery of, and shall receive and collect, directly and without intervention or assistance of any fiscal agent or other intermediary, all money and other property payable to or receivable by the Trust Collateral Agent Indenture Trustee pursuant to the Sale and Servicing Agreementthis Indenture. The Indenture Trustee shall apply all such money received by itit on behalf of itself and the Noteholders pursuant to the Loan Sale Agreement, the Master Servicing Agreement or cause the Trust Collateral Agent to apply all money received by it Administration Agreement as provided in this Indenture and the Sale and Servicing AgreementIndenture. Except as otherwise expressly provided in this Indenture or in the Sale and Servicing AgreementIndenture, if any default occurs in the making of any payment or performance under any agreement or instrument that is part of the Indenture Trust PropertyEstate, the Indenture Trustee may at the expense of the Issuer take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedingsProceedings. Any such action shall be without prejudice to any right to claim an Indenture Default or Indenture Event of a Default under this Indenture and any right to proceed thereafter as provided in Article V.

Appears in 1 contract

Samples: Indenture (Signet Student Loan Trusts)

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