Collections Held in Trust. So long as the SPV or the Master Servicer shall hold any Collections or Deemed Collections then or thereafter required to be paid by the SPV to the Master Servicer or by the SPV or the Master Servicer to the Administrative Agent, it shall hold such Collections in trust, and, if requested by the Administrative Agent after the occurrence and during the continuance of a Termination Event or Potential Termination Event (if such Potential Termination Event is not capable of being cured), shall deposit such Collections within one Business Day of receipt thereof into the Collection Account. The Net Investment shall not be deemed reduced by any amount held in trust by the Master Servicer or in the Collection Account pursuant to Section 2.12 unless and until, and then only to the extent that, such amount is finally paid to the Administrative Agent in accordance with Section 2.12(c).
Collections Held in Trust. So long as the SPV or the Servicer shall hold any Collections or Deemed Collections then or thereafter required to be paid by the SPV to the Servicer or by the SPV or the Servicer to the Agent, it shall hold such Collections in trust, and shall deposit such Collections into a Blocked Account or the Collection Account at such times otherwise required by this Agreement. The Net Investment shall not be deemed reduced by any amount held in trust or in the Collection Account pursuant to Sections 2.12 or 2.13 unless and until, and then only to the extent that, such amount is finally paid to the Agent or the applicable Managing Agent in accordance with Sections 2.12 or 2.13.
Collections Held in Trust. If the Originator receives any Collections, the Originator shall hold such Collections separate and apart from its other property in trust for the Buyer and shall, within two (2) Business Days after receipt thereof, deposit such Collections to the Collection Account or other Cash Management Accounts designated by Agent.
Collections Held in Trust. If at any time the Borrower, the Servicer, the Securities Intermediary or any of their Affiliates, as the case may be, shall receive any Collections or other proceeds of any Collateral other than through payment into the Collection Account, the Borrower shall or shall cause the Servicer, the Securities Intermediary or such Affiliate to, promptly (but in any event within two (2) Business Days of receipt thereof) remit or cause to be remitted all such Collections or other proceeds to the Collection Account, unless such Collections or other proceeds constitute sale proceeds, in which case, such Collections or other proceeds shall be remitted to the Administrative Agent’s Account pursuant to Section 4.1(b). All Collections received by the Borrower, the Servicer, the Securities Intermediary or any of their Affiliates, shall be (and the Borrower shall cause them to be) held by such Person in trust for the exclusive benefit of the Administrative Agent (on behalf of the Secured Parties). The outstanding principal amount of the Advances shall not be deemed repaid by any amount of the Collections held in trust by any Person, unless such amount is finally paid to the Administrative Agent in accordance with Section 5.2.
Collections Held in Trust. So long as the SPV or the Servicer shall hold any Collections or Deemed Collections then or thereafter required to be paid by the SPV to the Servicer or by the SPV or the Servicer to the Agent, it shall hold such Collections in trust, and, if requested by the Agent after the occurrence and during the continuance of a Termination Event or Potential Termination Event, shall deposit such Collections within one Business Day of receipt thereof into the Collection Account. The Net Investment shall not be deemed reduced by any amount held in trust or in the Collection Account pursuant to Section 2.12 unless and until, and then only to the extent that, such amount is finally paid to the Agent in accordance with Section 2.12(b). Jurisdiction of formation: Illinois Principal Place of Business: Xxx Xxxxxxx Xxxxx Xxxx., Xxxxxxxxx, Xxxxxxxx President: Xxxxxxxx X. Xxxxx Location of Records: Xxx Xxxxxxx Xxxxx Xxxx., Xxxxxxxxx, Xxxxxxxx Jurisdiction of formation: Illinois Principal Place of Business: Xxx Xxxxxxx Xxxxx Xxxx., Xxxxxxxxx, Xxxxxxxx Chief Executive Officer: Xxxxxxx X. Xxxxxxxxx Location of Records: Xxx Xxxxxxx Xxxxx Xxxx., Xxxxxxxxx, Xxxxxxxx Jurisdiction of formation: Illinois Principal Place of Business: Xxx Xxxxxxx Xxxxx Xxxx., Xxxxxxxxx, Xxxxxxxx President: Xxxxxxxx X. Xxxxx Location of Records: Xxx Xxxxxxx Xxxxx Xxxx., Xxxxxxxxx, Xxxxxxxx
1) United Stationers Receivables, LLC Subsidiaries: None Divisions: None Tradenames: None Federal Employer Identification Number: 00-0000000
2) United Stationers Supply Co. Subsidiaries: Azerty de Mexico, S.A. de X.X. Xxxxxxx, Inc ORS Nasco, Inc. United Stationers Receivables, LLC United Stationers Financial Services LLC United Stationers Technology Services LLC United Stationers Hong Kong Limited United Worldwide Limited Divisions: United Supply US Azerty US Tradenames: None Federal Employer Identification Number: 00-0000000
3) United Stationers Financial Services LLC Subsidiaries: USS Receivables Company, Ltd. Divisions: None Tradenames: None Federal Employer Identification Number: 00-0000000
(1) The following lockboxes and accounts maintained with PNC Bank, National Association:
Collections Held in Trust. (i) If at any time the Issuer shall receive any Collections other than through payment into the Lock-Box Account, the Issuer shall promptly (but in any event within two (2) Business Days of receipt thereof) remit or cause to be remitted all such Collections to the applicable Lock-Box Account. All Collections received by the Issuer and all Collections held by the Servicer in the Lock-Box Account pursuant to the Sale and Servicing Agreement, shall be held by such Person in trust for the exclusive benefit of the Indenture Trustee and the Noteholders. No portion of the Note Balance shall be deemed repaid by any amount of the Collections held in trust by the Issuer or the Servicer, as applicable, unless such amount is finally paid by the Indenture Trustee in accordance with Sections 4.5(a) or (b).
Collections Held in Trust. If at any time the Borrower, the Portfolio Administrator, the Servicer (if an Affiliated Entity), a Seller, the Guarantor, the Parent, the Securities Intermediary, or any of their respective Affiliates or any Affiliate of Imperial, as the case may be, shall receive any Collections or other proceeds of any Collateral other than through payment into the Collection Account, the Borrower, the Portfolio Administrator, the Guarantor, such Seller, the Servicer (if an Affiliated Entity) or the Parent, as applicable, shall promptly (but in any event within two (2) Business Days of receipt thereof) remit or cause to be remitted all such Collections or other proceeds to the Collection Account. If the Servicer is not an Affiliated Entity, the Borrower will instruct and shall exercise all remedies available to it under the Servicing Agreement to cause the Servicer to remit to the Collection Account all Collections or other proceeds of any Collateral received by the Servicer within two (2) Business Days of Servicer’s receipt thereof, and failure of the Servicer timely to make any such remittance shall be deemed to be a breach by the Borrower of its duties under this Section 5.1(f) and Section 9.1
Collections Held in Trust. So long as the SPV or the Servicer shall hold any Collections or Deemed Collections then or thereafter required to be paid by the SPV to the Servicer or by the SPV or the Servicer to the Agent, it shall hold such Collections in trust, and shall deposit such Collections into a Blocked Account at such times otherwise required by this Agreement. For so long as no Termination Event or Trigger Event has occurred and is continuing and unless specifically required to do otherwise in this Agreement, the Servicer may retain and apply in accordance with the terms of this Agreement any Collections until required to be deposited into a Blocked Account or paid to the Agent hereunder. The Net Investment shall not be deemed reduced by any amount held in trust pursuant to Sections 2.12 or 2.13 unless and until, and then only to the extent that, such amount is finally paid to and received by the Agent or the applicable Managing Agent in accordance with Sections 2.12 or 2.13.
Collections Held in Trust. If at any time the Borrower shall receive any Collections or other proceeds of any Collateral other than through payment into the LifeNotes Account, the Borrower shall promptly (but in any event within two (2) Business Days of receipt thereof) remit or cause to be remitted all such Collections or other proceeds to the LifeNotes Account. All Collections received by the Borrower shall be held by such Person in trust for the exclusive benefit of the GWG Trust. The outstanding principal amount of the Loans shall not be deemed repaid by any amount of the Collections held in trust by any Person, unless such amount is finally paid to Lenders in accordance with Section 5.2.
Collections Held in Trust. If at any time the Borrower, the Portfolio Manager, the Servicer (if an Affiliated Entity), the Initial Servicer, the Guarantor, the Initial Portfolio Manager, the Securities Intermediary or any of their Affiliates or any Affiliate of Imperial, as the case may be, shall receive any Collections or other proceeds of any Collateral other than through payment into the Collection Account, the Borrower, the Portfolio Manager, the Guarantor, the Initial Portfolio Manager, the Servicer (if an Affiliated Entity) or the Initial Servicer, as applicable, shall promptly (but in any event within two (2) Business Days of receipt thereof) remit or cause to be remitted all such Collections or other proceeds to the Collection Account. If the Servicer is not an Affiliated Entity, the Borrower will instruct and shall exercise all remedies available to it under the Servicing Agreement to cause the Servicer to remit to the Collection Account all Collections or other proceeds of any Collateral received by the Servicer within two (2) Business Days of Servicer’s receipt thereof, and failure of the Servicer timely to make any such remittance shall be deemed to be a breach by the Borrower of its duties under this Section 5.1(f) and Section 9.1
