Common use of Deposits to Blocked Accounts Clause in Contracts

Deposits to Blocked Accounts. Neither the SPV nor the Master Servicer shall deposit or otherwise credit, or cause or permit to be so deposited or credited, any Excluded Amounts to a Blocked Account; provided that Excluded Amounts may be deposited into the Blocked Accounts so long as the SPV and the Master Servicer have used good faith efforts to avoid such a deposit and they are otherwise in compliance with the terms of this Section 6.2(f). If payments on Non-Originator Receivables or Retained Receivables are deposited into any Blocked Account or if other Excluded Amounts are by accident or in error deposited into any Blocked Account, the SPV will (or will cause the Master Servicer to) promptly (not to exceed two (2) Business Days) (x) identify such Excluded Amounts for segregation and removal from such Blocked Account and (y) remove such Excluded Amounts from such Blocked Account. Other than as permitted in the forgoing two sentences, the SPV will not, and will not permit the Master Servicer, any Originator or other Person to, commingle Collections or other funds to which the Agent or any other Secured Party is entitled with any Excluded Amounts. Promptly following the Closing Date, the SPV will use its commercially reasonable efforts to, and will cause the Master Servicer to use its commercially reasonable efforts to, notify each obligor of Non-Originator Receivables to redirect its payments in respect of such Non-Originator Receivables to one or more deposit accounts not constituting Blocked Accounts.

Deposits to Blocked Accounts. Neither the SPV nor the Master Servicer No Originator shall deposit or otherwise credit, or cause or permit to be so deposited or credited, any Excluded Amounts to a Blocked Account; provided that Excluded Amounts may be deposited into the Blocked Accounts so long as the SPV and the Master Servicer have Originator has used its good faith efforts to avoid such a deposit and they are it is otherwise in compliance with the terms of this Section 6.2(f6.3(f). If payments on Non-Originator Receivables or Retained Receivables are deposited into any Blocked Account or if other Excluded Amounts are by accident or in error deposited into any Blocked Account, the SPV applicable Originator(s) will (or will cause the Master Servicer to) promptly (not to exceed two (2) Business Days) (x) identify such Excluded Amounts for segregation and removal from such Blocked Account and (y) remove (or cause the SPV to remove) such Excluded Amounts from such Blocked Account. Other than as permitted in the forgoing foregoing two sentences, the SPV no Originator will, or will not, and will not permit the Master Servicer, any Originator or other Person to, commingle Collections or other funds to which the Agent SPV or any other Secured Party is entitled with any other Excluded Amounts. Promptly following the Closing Date, the SPV Originators will use its their commercially reasonable efforts to, and will cause the Master Servicer to use its commercially reasonable efforts to, notify each obligor of Non-Originator Receivables to redirect its payments in respect of such Non-Originator Receivables to one or more deposit accounts not constituting Blocked Accounts.