Common use of Delivery of Payments Clause in Contracts

Delivery of Payments. The Issuing Entity 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 Third Step Transferred Property to, or at the direction of, the Grantor Trust.

Appears in 27 contracts

Samples: Receivables Contribution Agreement (Carvana Auto Receivables Trust 2024-P4), Receivables Contribution Agreement (Carvana Auto Receivables Trust 2024-P3), Receivables Contribution Agreement (Carvana Auto Receivables Trust 2024-P2)

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Delivery of Payments. The Issuing Entity shall within two (2) Business Days after the Closing Date, transfer all Collections received by it on or after the [applicable] Cutoff Date with respect to any Receivable or related Third Step Transferred Property to, or at the direction of, the Grantor Trust.

Appears in 1 contract

Samples: Receivables Contribution Agreement (Carvana Receivables Depositor LLC)

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