Common use of Deposits to Cash Management Account Clause in Contracts

Deposits to Cash Management Account. Each of the Servicer and the Sub-Servicer shall deposit or cause to be deposited all Collections on or in respect of each Transferred Note Receivable collected on or after the related Transfer Date (to the extent received by the Servicer) within one (1) Business Day after receipt thereof. The Originator agrees that it will cause each appropriate Person paying such amounts, as the case may be, to remit directly to the Collection Account or other Cash Management Accounts designated by Agent, within one (1) Business Day after receipt thereof, all such amounts to the extent such amounts are received by such Person.

Deposits to Cash Management Account. Each of the Servicer and the Sub-The Servicer shall deposit or cause to be deposited all Collections on or in respect of each Transferred Note Receivable Loan collected on or after the related Transfer Date (to the extent received by the Servicer) within one (1) Business Day after receipt thereof. The Originator Servicer agrees that it will cause each the Originator or other appropriate Person paying such amounts, as the case may be, to remit directly to the Collection Account or other Cash Management Accounts designated by AgentAccount, within one (1) Business Day after receipt thereof, all such amounts to the extent such amounts are received by such Person.

Deposits to Cash Management Account. Each of the Servicer and the Sub-The Servicer shall deposit or cause to be deposited all Collections on or in respect of each Transferred Note Receivable collected on or after the related Transfer Date (to the extent received by the Servicer) within one (1) Business Day after receipt thereof. The Originator Servicer agrees that it will cause each the Originator or other appropriate Person paying such amounts, as the case may be, to remit directly to the Collection Account or other Cash Management Accounts designated by Agent, within one (1) Business Day after receipt thereof, all such amounts to the extent such amounts are received by such Person.