Collections Received. Each Originator shall hold in trust, and deposit, promptly, but in any event not later than two (2) Business Days following its receipt thereof, to a Blocked Account all Collections received by it from time to time.
Appears in 8 contracts
Samples: Sale Agreement (Greif, Inc), Sale Agreement (Greif Inc), Sale Agreement (Valvoline Inc)
Collections Received. Each The Originator shall hold in trust, trust and deposit, promptlydeposit immediately, but in any event not later than two (2) Business Days following of its receipt thereof, to a Blocked Account all Collections from time to time received by it from time into the Lock-Box Account, or if so required by the Sale and Servicing Agreement or the Indenture, to time.the Collection Account;
Appears in 2 contracts
Samples: Security Agreement (Commercial Credit, Inc.), Purchase Agreement (Commercial Credit, Inc.)
Collections Received. Each Originator shall hold in trust, trust and deposit, promptlydeposit immediately, but in any event not later than two one (21) Business Days following Day of its receipt thereof, to a Blocked Account or a Lock-box Account or, if required by Section 2.9 or Section 6.1(j) of the Receivables Purchase Agreement, to a Collection Account, all Collections received by it from time to time.
Appears in 1 contract
Samples: Purchase and Contribution Agreement (United Rentals Inc /De)
Collections Received. Each The Originator shall hold in trust, and deposit, promptlyimmediately, but in any event not later than two (2) Business Days following of its receipt thereof, to a Blocked Account or, if required by Section 2.9 of the Transfer Agreement, to the Collection Account, all Collections received by it from time to time.
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Collections Received. Each The Originator shall hold in trust, trust and deposit, promptlydeposit immediately, but in any event not later than two five (25) Business Days following of its receipt thereof, to a Blocked Account all Collections from time to time received by it from time into a Lock-Box Account, or if so required by Section 2.13 of the Second Tier Agreement, to timethe Collection Account.
Appears in 1 contract
Collections Received. Each The Originator shall hold in trust, trust and deposit, promptlydeposit immediately, but in any event not later than two five (25) Business Days following of its receipt thereof, to a Blocked Account all Collections from time to time received by it from time into the Lock-Box Account, or if so required by the Sale and Servicing Agreement or the Indenture, to time.the Collection Account;
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