Distribution of Backup Servicing Fees and Transition Expenses. On each Backup Servicer Payment Date, Collections held on deposit in the Liquidation Account for the benefit of the Backup Servicer pursuant to Sections 1.4(b)(ii) and 1.4(c)(iii) shall be paid to the Backup Servicer.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (Adesa Inc)
Distribution of Backup Servicing Fees and Transition Expenses. On each Backup Servicer Payment Date, Collections held on deposit in the Liquidation Account for the benefit of the Backup Servicer pursuant to Sections SECTIONS 1.4(b)(ii) and 1.4(c)(iii) shall be paid to the Backup Servicer.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Adesa Inc), Receivables Purchase Agreement (Adesa Inc)
Distribution of Backup Servicing Fees and Transition Expenses. On each Backup Servicer Payment Date, Collections held on deposit in the Liquidation Account for the benefit of the Backup Servicer pursuant to Sections SECTIONS 1.4(b)(ii) and 1.4(c)(iii1.4(C)(III) shall be paid to the Backup Servicer.
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