Common use of Deposits into the Collection Account Clause in Contracts

Deposits into the Collection Account. (a) The Servicer shall deposit into the Collection Account (in the case of clauses (i) and (ii) within two Business Days of receipt of freely available funds therefor): (i) all identifiable payments received by the Servicer by or on behalf of Obligors on the Financed Student Loans, including any Guarantee Payments with respect to the Financed Student Loans; (ii) all Liquidation Proceeds on the Financed Student Loans; (iii) with respect to Purchased Student Loans, the aggregate Purchase Amounts, when such amounts are due, as provided in Section 3.05 hereof; and (iv) all other amounts required to be deposited into the Collection Account by the Servicer pursuant to the terms hereof. (v) The Eligible Lender Trustee shall deposit into the Collection Account within two Business Days of the receipt thereof, the aggregate amount of Interest Subsidy Payments and Special Allowance Payments received by it with respect to the Financed Student Loans. (vi) The Seller shall deposit into the Collection Account, the aggregate Purchase Amount with respect to Purchased Student Loans and all other amounts to be paid by the Seller under Section 3.02 and 5.01 of the Loan Sale Agreement when such amounts are due, as provided in Section 3.03 of the Loan Sale Agreement. (vii) The Indenture Trustee, at the written direction of the Administrator, shall withdraw from the Collateral Reinvestment Account and deposit into the Collection Account on each Determination Date during the Revolving Period, an amount equal to the Capitalized Interest Amount for the preceding Collection Period, as provided in Section 2(f) of the Administration Agreement. (viii) The Indenture Trustee, at the written direction of the Administrator, shall withdraw from the Collateral Reinvestment Account and deposit into the Collection Account on any date during the Revolving Period specified by the Administrator, such amounts as the Administrator may determine are needed to make required distributions from Monthly Available Funds or Available Funds, as the case may be, on Monthly Payment Dates.

Deposits into the Collection Account. (a) The Servicer shall deposit into the Collection Account (in the case of clauses (i) and (ii) within two Business Days of receipt of freely available funds therefor): (i) all identifiable payments received by the Servicer by or on behalf of Obligors on the Financed Student Loans, including any Guarantee Payments with respect to the Financed Student Loans; (ii) all Liquidation Proceeds on the Financed Student Loans; (iii) with respect to Purchased Student Loans, the aggregate Purchase Amounts, when such amounts are due, as provided in Section 3.05 hereof; and (iv) all other amounts required to be deposited into the Collection Account by the Servicer pursuant to the terms hereof. (vb) The Eligible Lender Trustee shall deposit into the Collection Account within two Business Days of the receipt thereof, the aggregate amount of Interest Subsidy Payments and Special Allowance Payments received by it with respect to the Financed Student Loans. (vic) The Seller shall deposit into the Collection Account, the aggregate Purchase Amount with respect to Purchased Student Loans and all other amounts to be paid by the Seller under Section 3.02 and 5.01 of the Loan Sale Agreement when such amounts are due, as provided in Section 3.03 of the Loan Sale Agreement. (viid) The Indenture Trustee, at the written direction of the Administrator, shall withdraw from the Prefunding Account or the Collateral Reinvestment Account Account, as applicable, and deposit into the Collection Account on each Determination Date during the Revolving Period, an amount equal to the Capitalized Interest Amount for the preceding Collection Period, as provided in Section 2(f) and Section 2(k) of the Administration Agreement. (viiie) The Indenture Trustee, at the written direction of the Administrator, shall withdraw from the Prefunding Account or the Collateral Reinvestment Account Account, as applicable, and deposit into the Collection Account on any date during the Revolving Period specified by the Administrator, such amounts as the Administrator may determine are needed to make required distributions from Monthly Available Funds or Available Funds, as the case may be, on Monthly Payment Dates.

Deposits into the Collection Account. (a) The Servicer shall deposit into the Collection Account (in the case of clauses (i) and (ii) within two Business Days of receipt of freely available funds therefor): (i) all identifiable payments received by the Servicer by or on behalf of Obligors on the Financed Student Loans, including any Guarantee Payments with respect to the Financed Student Loans; (ii) all Liquidation Proceeds on the Financed Student Loans; (iii) with respect to Purchased Student Loans, the aggregate Purchase Amounts, when such amounts are due, as provided in Section 3.05 hereof; and (iv) all other amounts required to be deposited into the Collection Account by the Servicer pursuant to the terms hereof. (v) The Eligible Lender Trustee shall deposit into the Collection Account within two Business Days of the receipt thereof, the aggregate amount of Interest Subsidy Payments and Special Allowance Payments received by it with respect to the Financed Student Loans. (vi) The Seller shall deposit into the Collection Account, the aggregate Purchase Amount with respect to Purchased Student Loans and all other amounts to be paid by the Seller under Section 3.02 and 5.01 of the Loan Sale Agreement when such amounts are due, as provided in Section 3.03 of the Loan Sale Agreement. (vii) The Indenture Trustee, at the written direction of the Administrator, shall withdraw from the Prefunding Account or the Collateral Reinvestment Account Account, as applicable, and deposit into the Collection Account on each Determination Date during the Revolving Period, an amount equal to the Capitalized Interest Amount for the preceding Collection Period, as provided in Section 2(f) and Section 2(k) of the Administration Agreement. (viii) The Indenture Trustee, at the written direction of the Administrator, shall withdraw from the Prefunding Account or the Collateral Reinvestment Account Account, as applicable, and deposit into the Collection Account on any date during the Revolving Period specified by the Administrator, such amounts as the Administrator may determine are needed to make required distributions from Monthly Available Funds or Available Funds, as the case may be, on Monthly Payment Dates.

Deposits into the Collection Account. (a) The Servicer shall deposit into the Collection Account (in the case of clauses (i) and (ii) within two Business Days of receipt of freely available funds therefor): (i) all identifiable payments received by the Servicer by or on behalf of Obligors on the Financed Student Loans, including any Guarantee Payments with respect to the Financed Student Loans; (ii) all Liquidation Proceeds on the Financed Student Loans; (iii) with respect to Purchased Student Loans, the aggregate Purchase Amounts, when such amounts are due, as provided in Section 3.05 hereof; and (iv) all other amounts required to be deposited into the Collection Account by the Servicer pursuant to the terms hereof. (vb) The Eligible Lender Trustee shall deposit into the Collection Account within two Business Days of the receipt thereof, the aggregate amount of Interest Subsidy Payments and Special Allowance Payments received by it with respect to the Financed Student Loans. (vic) The Seller shall deposit into the Collection Account, the aggregate Purchase Amount with respect to Purchased Student Loans and all other amounts to be paid by the Seller under Section 3.02 and 5.01 of the Loan Sale Agreement when such amounts are due, as provided in Section 3.03 of the Loan Sale Agreement. (viid) The Indenture Trustee, at the written direction of the Administrator, shall withdraw from the Collateral Reinvestment Account and deposit into the Collection Account on each Determination Date during the Revolving Period, an amount equal to the Capitalized Interest Amount for the preceding Collection Period, as provided in Section 2(f) of the Administration Agreement. (viiie) The Indenture Trustee, at the written direction of the Administrator, shall withdraw from the Collateral Reinvestment Account and deposit into the Collection Account on any date during the Revolving Period specified by the Administrator, such amounts as the Administrator may determine are needed to make required distributions from Monthly Available Funds or Available Funds, as the case may be, on Monthly Payment Dates.

Deposits into the Collection Account. (a) The Servicer shall deposit into the Collection Account (in the case of clauses (i) and (ii) within two Business Days of receipt of freely available funds therefor): (i) all identifiable payments received by the Servicer by or on behalf of Obligors on the Financed FFELP Student Loans, including any Guarantee Payments with respect to the Financed FFELP Student Loans; (ii) all Liquidation Proceeds on the Financed FFELP Student Loans; (iii) with respect to Purchased FFELP Student Loans, the aggregate Purchase Amounts, when such amounts are due, as provided in Section 3.05 3.5 hereof; and (iv) all other amounts required to be deposited into the Collection Account by the Servicer pursuant to the terms hereof. (va) The Eligible Lender Trustee shall deposit into the Collection Account within two Business Days of the receipt thereof, the aggregate amount of Interest Subsidy Payments and Special Allowance Payments received by it with respect to the Financed FFELP Student Loans. (vib) The Seller Issuer shall deposit into the Collection Account, the aggregate Purchase Amount with respect to Purchased FFELP Student Loans and all other amounts to be paid by the Seller under Section 3.02 Sections 3.2 and 5.01 5.1 of the Loan Sale Agreement when such amounts are due, as provided in Section 3.03 3.3 of the Loan Sale Agreement. (viic) {The Indenture Trustee, at the written direction of the Administrator, shall withdraw from the Collateral Reinvestment Account and deposit into the Collection Account on each Determination Date during the Revolving Period, an amount equal to the Capitalized Interest Amount for the preceding Collection Period, as provided in Section 2(f) of the Administration Agreement.} (viiid) {The Indenture Trustee, at the written direction of the Administrator, shall withdraw from the Collateral Reinvestment Account and deposit into the Collection Account on any date during the Revolving Period specified by the Administrator, such amounts as the Administrator may determine are needed to make required distributions from Monthly Available Funds or Available Funds, as the case may be, on Monthly Payment Dates.}

Deposits into the Collection Account. (a) The Master ------------------------------------ Servicer shall deposit deposit, or cause each Subservicer to deposit, into the Collection Account (in the case of clauses (i) and (ii) within two Business Days of receipt of freely available funds therefor): (i) all identifiable payments received by the Master Servicer or by or on behalf of Obligors any Subservicer on the Financed Student Loans, including any Guarantee Payments with respect to the Financed Student Loans; (ii) all Liquidation Proceeds on the Financed Student Loans; (iii) the aggregate Purchase Amounts with respect to Purchased Student Loans, the aggregate Purchase Amounts, when such amounts are due, and any reimbursement payments required to be made by the Master Servicer, each as provided in Section 3.05 hereof; and (iv) all other amounts required to be deposited into the Collection Account by the Master Servicer or any Subservicer pursuant to the terms hereof. (vb) The Eligible Lender Trustee shall deposit into the Collection Account within two Business Days of the receipt thereof, the aggregate amount of Interest Subsidy Payments and Special Allowance Payments received by it with respect to the Financed Student Loans. (vic) The Seller shall deposit into the Collection Account, Account the aggregate Purchase Amount with respect to Purchased Student Loans and all other amounts to be paid by the Seller under Section 3.02 and 5.01 of the Loan Sale Agreement when such amounts are due, as provided in Section 3.03 of the Loan Sale Agreement. (viid) The Indenture Trustee, at the written direction of the Administrator, shall withdraw from the Collateral Reinvestment Pre-Funding Account and deposit into the Collection Account on each Determination Date during the Revolving Funding Period, an amount equal to the Capitalized Interest Amount for the preceding Collection Period, as provided in Section 2(f) of the Administration Agreement. (viiie) The Indenture TrusteeNotwithstanding subsections (a), at the written direction (b) or (c) of the Administrator, shall withdraw from the Collateral Reinvestment Account and deposit this Section 4.01 any deposits required to be made into the Collection Account on any date during pursuant thereto shall be made directly to the Revolving Period specified by Administrator pursuant to the Administrator, such amounts as 's instructions if the Administrator may determine are needed has delivered an Officers' Certificate to make required distributions from Monthly Available Funds or Available Funds, as the case may be, on Monthly Payment DatesMaster Servicer and the Eligible Lender Trustee certifying that an Administrator Deposit Condition has occurred and has not subsequently delivered an Officers' Certificate reporting the termination of the Administrator Deposit Condition.

Deposits into the Collection Account. (a) The Master Servicer shall deposit deposit, or cause each Subservicer to deposit, into the Collection Account (in the case of clauses (i) and (ii) within two Business Days of receipt of freely available funds therefor): (i) all identifiable payments received by the Master Servicer or by or on behalf of Obligors any Subservicer on the Financed Student Loans, including any Guarantee Payments with respect to the Financed Student Loans; (ii) all Liquidation Proceeds on the Financed Student Loans; (iii) the aggregate Purchase Amounts with respect to Purchased Student Loans, the aggregate Purchase Amounts, when such amounts are due, and any reimbursement payments required to be made by the Master Servicer, each as provided in Section 3.05 hereof; and (iv) all other amounts required to be deposited into the Collection Account by the Master Servicer or any Subservicer pursuant to the terms hereof. (vb) The Eligible Lender Trustee shall deposit into the Collection Account within two Business Days of the receipt thereof, the aggregate amount of Interest Subsidy Payments and Special Allowance Payments received by it with respect to the Financed Student Loans. (vic) The Seller shall deposit into the Collection Account, Account the aggregate Purchase Amount with respect to Purchased Student Loans and all other amounts to be paid by the Seller under Section 3.02 and 5.01 of the Loan Sale Agreement when such amounts are due, as provided in Section 3.03 of the Loan Sale Agreement. (viid) The Indenture Trustee, at the written direction of the Administrator, shall withdraw from the Collateral Reinvestment Pre-Funding Account and deposit into the Collection Account on each Determination Date during the Revolving Funding Period, an amount equal to the Capitalized Interest Amount for the preceding Collection Period, as provided in Section 2(f) of the Administration Agreement. (viiie) The Indenture TrusteeNotwithstanding subsections (a), at the written direction (b) or (c) of the Administrator, shall withdraw from the Collateral Reinvestment Account and deposit this Section 4.01 any deposits required to be made into the Collection Account on any date during pursuant thereto shall be made directly to the Revolving Period specified by Administrator pursuant to the Administrator, such amounts as 's instructions if the Administrator may determine are needed has delivered an Officers' Certificate to make required distributions from Monthly Available Funds or Available Funds, as the case may be, on Monthly Payment DatesMaster Servicer and the Eligible Lender Trustee certifying that an Administrator Deposit Condition has occurred and has not subsequently delivered an Officers' Certificate reporting the termination of the Administrator Deposit Condition.

Deposits into the Collection Account. (a) The Servicer shall deposit into the Collection Account (in the case of clauses (i) and (ii) within two Business Days of receipt of freely available funds therefor): (i) all identifiable payments received by the Servicer by or on behalf of Obligors on the Financed Student Loans, including any Guarantee Payments with respect to the Financed Student Loans; (ii) all Liquidation Proceeds on the Financed Student Loans; (iii) with respect to Purchased Student Loans, the aggregate Purchase Amounts, when such amounts are due, as provided in Section 3.05 hereof; and (iv) all other amounts required to be deposited into the Collection Account by the Servicer pursuant to the terms hereof; provided, however, that for so long as (i) the Servicer's short-term unsecured obligations are rated at least "A-1" by S&P, "P-1" by Moody's and "F-1" by Fitch, (ii) a Servicer Default has xxx xxxurred and is not continuing and (iii) Wells Fargo Bank South Dakota, National Association is txx Xxrvicer, the Servicer will be required to make the deposits to the Collection Account set forth in this clause (a) with respect to each Collection Period not later than the Business Day preceding the related Quarterly Payment Date. (vb) The Eligible Lender Trustee shall deposit into the Collection Account within two Business Days of the receipt thereof, the aggregate amount of Interest Subsidy Payments and Special Allowance Payments received by it with respect to the Financed Student Loans. (vic) The Seller shall deposit into the Collection Account, the aggregate Purchase Amount with respect to Purchased Student Loans and all other amounts to be paid by the Seller or the Depositor under Section 3.02 and 5.01 of the Loan Sale Agreement when such amounts are due, as provided in Section 3.03 of the Loan Sale Agreement. (vii) The Indenture Trustee, at the written direction of the Administrator, shall withdraw from the Collateral Reinvestment Account and deposit into the Collection Account on each Determination Date during the Revolving Period, an amount equal to the Capitalized Interest Amount for the preceding Collection Period, as provided in Section 2(f) of the Administration Agreement. (viii) The Indenture Trustee, at the written direction of the Administrator, shall withdraw from the Collateral Reinvestment Account and deposit into the Collection Account on any date during the Revolving Period specified by the Administrator, such amounts as the Administrator may determine are needed to make required distributions from Monthly Available Funds or Available Funds, as the case may be, on Monthly Payment Dates.