Distributions of Servicing Fees. On each Servicer Payment Date, Collections held on deposit in the Liquidation Account for the benefit of the Servicer pursuant to Sections 1.4(b)(i), 1.4(b)(ii) and 1.4(c)(iii) for the prior calendar month shall be paid as the Servicer shall direct; and
Appears in 2 contracts
Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (Adesa Inc)
Distributions of Servicing Fees. On each Servicer Payment Date, Collections held on deposit in the Liquidation Account for the benefit of the Servicer pursuant to Sections SECTIONS 1.4(b)(i), 1.4(b)(ii) and 1.4(c)(iii) for the prior calendar month shall be paid as the Servicer shall direct; and
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Adesa Inc), Receivables Purchase Agreement (Adesa Inc)
Distributions of Servicing Fees. On each Servicer Payment Date, Collections held on deposit in the Liquidation Account for the benefit of the Servicer pursuant to Sections 1.4(b)(iSECTIONS 1.4(B)(I), 1.4(b)(ii1.4(B)(II) and 1.4(c)(iii1.4(C)(III) for the prior calendar month shall be paid as the Servicer shall direct; and
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