Delivery of Collections. If the Seller or any Affiliate thereof receives payments in respect of the Receivables, the Seller will pay or cause to be paid to the Servicer or any Successor Servicer all such payments as soon as practicable after receipt, but in no event later than two Business Days after receipt.
Appears in 5 contracts
Samples: Receivables Purchase Agreement (Nissan Wholesale Receivables Corp Ii), Receivables Purchase Agreement (Ford Credit Floorplan LLC), Receivables Purchase Agreement (Ford Credit Floorplan LLC)
Delivery of Collections. If the Transferor, the Seller or any Affiliate thereof receives payments in respect of the ReceivablesReceivables transferred to the Issuer by the Transferor, the Transferor and the Seller will pay or cause to be paid to the Servicer or any Successor Servicer all such payments as soon as practicable after receiptreceipt thereof, but in no event later than two Business Days after receipt.
Appears in 5 contracts
Samples: Transfer and Servicing Agreement (Ford Credit Floorplan LLC), Transfer and Servicing Agreement (Ford Credit Auto Receivables LLC), Transfer and Servicing Agreement (Ford Credit Floorplan LLC)
Delivery of Collections. If the Seller or any Affiliate thereof of its Affiliates receives payments in respect of the Sold Receivables, the Seller will pay or cause to be paid to the Servicer or any Successor Servicer all such payments as soon as practicable after receipt, but in no event later than two Business Days after receiptreceipt and application to the Sold Receivables.
Appears in 4 contracts
Samples: Receivables Purchase Agreement (Ford Credit Floorplan LLC), Receivables Purchase Agreement (Ford Credit Floorplan LLC), Receivables Purchase Agreement (Ford Credit Floorplan Corp)
Delivery of Collections. If the Depositor, the Seller or any Affiliate thereof of their Affiliates receives payments in respect of the Sold Receivables, the Seller Depositor or the Seller, as applicable, will pay or cause to be paid to the Servicer or any Successor Servicer all such payments as soon as practicable after receipt, but in no event later than two Business Days after receiptreceipt and application to the Sold Receivables.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (Ford Credit Floorplan LLC), Sale and Servicing Agreement (Ford Credit Floorplan LLC), Sale and Servicing Agreement (Ford Credit Floorplan Corp)
Delivery of Collections. If In the event that such Seller or any Affiliate thereof receives payments in respect of the ReceivablesCollections, the such Seller will agrees to pay or cause to be paid to the Servicer or any Successor Servicer all such payments received by the Seller in respect of the Receivables as soon as practicable after receiptreceipt thereof by such Seller, but in no event later than two Business Days after receiptthe receipt by such Seller thereof.
Appears in 3 contracts
Samples: Receivables Contribution and Sale Agreement (Deutsche Floorplan Receivables L P), Receivables Contribution and Sale Agreement (Distribution Financial Services Floorplan Master Trust), Receivables Contribution and Sale Agreement (CDF Funding, Inc.)
Delivery of Collections. If the Seller or any Affiliate thereof receives payments in respect of the ReceivablesTransferred Receivables or Interests in Other Floorplan Assets, the Seller will pay or cause to be paid to the Servicer or any Successor Servicer all such payments as soon as practicable after receipt, but in no event later than two Business Days after receipt.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Ford Credit Floorplan LLC), Receivables Purchase Agreement (Ford Credit Floorplan LLC)
Delivery of Collections. If In the event that the Seller or any Affiliate thereof receives payments in respect of the ReceivablesCollections, the Seller will agrees to pay or cause to be paid to the Servicer or any Successor Servicer all such payments received by the Seller in respect of the Receivables with respect to any Account as soon as practicable after receiptreceipt thereof by the Seller, but in no event later than two (2) Business Days after receiptthe receipt by the Seller thereof. Receipt by the Seller's Affiliates of payments in respect of Asset-Based Receivables shall be deemed to be received by the Seller upon receipt by such Affiliates.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Bombardier Receivables Master Trust I), Receivables Purchase Agreement (Bombardier Credit Receivables Corp)
Delivery of Collections. If In the event that the Seller or any Affiliate thereof receives payments in respect of the Receivables, the Seller will agrees to pay or cause to be paid to the Servicer or any Successor Servicer all such payments received thereby in respect of the Receivables as soon as practicable after receiptreceipt thereof, but in no event later than two Business Days after receiptthe receipt by the Seller thereof.
Appears in 1 contract
Samples: Master Custodial and Servicing Agreement (Chrysler Financial Corp)
Delivery of Collections. If the Seller or any Affiliate thereof receives payments in respect of the Receivables, the Seller will pay or cause to be paid to the Servicer or any Successor Servicer all such payments as soon as practicable after receiptreceipt thereof, but in no event later than two Business Days after such receipt.
Appears in 1 contract
Samples: Receivables Purchase Agreement (GMF Floorplan Owner Revolving Trust)
