Delivery of Payments; Pre-Closing Collections. The Seller shall within two (2) Business Days after the Closing Date, transfer all Collections received by it on or after the Cutoff Date with respect to any Receivable or related First Step Transferred Property to, or at the direction of, the Purchaser (or the Issuing Entity or the Grantor Trust). The Seller shall inform the Servicer to deposit all amounts due in respect of the First Step Transferred Property to or at the direction of the Purchaser (or the Issuing Entity or the Grantor Trust).
Appears in 28 contracts
Samples: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2024-P4), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2024-P4), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2024-P3)
