Deposits of Collections. (a) The Servicer has established, and shall maintain, one or more deposit accounts in the name of the Servicer (such account, together with any replacement account, the “Servicer Account”), as described in a written notice from the Servicer to the Subservicer from time to time. The Subservicer shall have no right to receive or commingle Program Collections and shall direct Obligors to deposit all Program Collections (including the Ancillary Fees) directly into the Servicer Account. The Subservicer shall have no right to any monies on deposit in the Servicer Account, and shall have no right to retain or receive any Ancillary Fees.
Appears in 4 contracts
Samples: Servicing Agreement (Santander Drive Auto Receivables LLC), Servicing Agreement (Santander Drive Auto Receivables LLC), Servicing Agreement (Santander Drive Auto Receivables LLC)
