Common use of Collections Received Clause in Contracts

Collections Received. CAC shall hold in trust, and deposit to the Collection Account, not later than the close of business on the second Business Day following the Date of receipt, all Collections received from time to time by CAC or the Servicer.

Appears in 11 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp)

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Collections Received. CAC shall hold in trust, and deposit to the Collection Account, not later than the close of business on the second Business Day following the Date date of receipt, all Collections received from time to time by CAC (as Servicer or the Servicerotherwise).

Appears in 2 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Contribution Agreement (Credit Acceptance Corp)

Collections Received. CAC and the Servicer shall hold in trust, and deposit to the Collection Account, not later than the close of business on the second Business Day following the Date of receipt, all Collections received from time to time by CAC or the Servicer.

Appears in 1 contract

Samples: Contribution Agreement (Credit Acceptance Corporation)

Collections Received. CAC shall hold in trust, and deposit to the Collection Account, not later than the close of business on the second Business Day following the Date of receipt, all Collections received from time to time by CAC (as Servicer or the Servicerotherwise).

Appears in 1 contract

Samples: Contribution Agreement (Credit Acceptance Corp)

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Collections Received. CAC shall hold in trust, and deposit to the Collection Account, not later than the close of business on the second Business Day following the Date date of receipt, all Collections received from time to time by CAC or the Servicer.

Appears in 1 contract

Samples: Sale and Contribution Agreement (Credit Acceptance Corp)

Collections Received. CAC shall hold in trust, and deposit to the Collection Account, not later than the close of business on the second Business Day following the Date of receipt, all Collections received from time to time by CAC (as Servicer or the Servicer.otherwise). (k)

Appears in 1 contract

Samples: Contribution Agreement

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