Common use of Daily Collections Clause in Contracts

Daily Collections. (i) Promptly following its receipt of Collections in the form of available funds in the Lockbox Accounts, but in no event later than the Business Day following such receipt, the Servicer shall transfer, or cause to be transferred, all Collections on deposit (less the aggregate amount of set-offs permitted to be retained pursuant to any applicable Lockbox Agreement) in the 57 form of immediately available funds in the Lockbox Accounts directly to the Collection Account.

Daily Collections. (i) Promptly following its receipt of Collections in the form of available funds in the Lockbox AccountsAccount, but in no event later than the Business Day following such receiptreceipt (such later Business Day, the "Deposit Date"), the Servicer shall transfer, or cause to be transferred, all Collections on deposit (less the aggregate amount of set-offs Pooling Agreement permitted to be retained pursuant to any applicable Lockbox Agreement) in the 57 form of immediately available funds in the Lockbox Accounts directly to the Collection Account.

Daily Collections. (i) Promptly following its receipt of Collections in the form of available funds in the a Lockbox AccountsAccount, but in no event later than 10:00 a.m., New York City time, on the Business Day following such receiptthe Business Day Received, the Master Servicer shall transfer, or cause to be transferred, all Collections on deposit (less the aggregate amount of set-offs permitted to be retained pursuant to any applicable Lockbox Agreement) in the 57 form of immediately available funds in the Lockbox Accounts directly to the Collection Account.

Daily Collections. (i) Promptly following its receipt of Collections in the form of available funds in the Lockbox AccountsAccount, but in no event later than the Business Day following such receiptreceipt (such later Business Day, the "Deposit Date"), the Servicer shall transfer, or cause to be transferred, all Collections on deposit (less the aggregate amount of set-offs permitted to be retained pursuant to any applicable Lockbox Agreement) in the 57 form of immediately available funds in the Lockbox Accounts directly to the Collection Account.