Common use of Monthly Deposits Clause in Contracts

Monthly Deposits. Notwithstanding the foregoing, the Servicer need not make daily deposits of Collections into the Collection Account, the Finance Charge Account or the Principal Account at any time when the requirements of the third paragraph of subsection 4.03(a) of the Agreement are satisfied. The allocations to be made pursuant to this Section 4.05 of the Agreement also apply to deposits into the Collection Account that are treated as Collections, including Credit Adjustments, payment of the reassignment price pursuant to Section 2.07 of the Agreement and proceeds from the sale, disposition or liquidation of the Receivables pursuant to Section 9.02, 10.01, 12.01 or 12.02 of the Agreement and Section 3 of this Series Supplement for Series 2002-CC. Such deposits to be treated as Collections will be allocated as Finance Charge Receivables or Principal Receivables as indicated in the Agreement.

Monthly Deposits. Notwithstanding the foregoing, the Servicer need not make daily deposits of Collections into the Collection Account, the Finance Charge Account or the Principal Account at any time when the requirements of the third paragraph of subsection 4.03(a) of the Agreement are satisfied. The allocations to be made pursuant to this Section 4.05 of the Agreement also apply to deposits into the Collection Account that are treated as Collections, including Credit Adjustments, payment of the reassignment price pursuant to Section 2.07 of the Agreement and proceeds from the sale, disposition or liquidation of the Receivables pursuant to Section 9.02, 10.01, 12.01 or 12.02 of the Agreement and Section 3 of this Series Supplement Supple ment for Series 2002-CC. Such deposits to be treated as Collections will be allocated as Finance Charge Receivables or Principal Receivables as indicated in the Agreement.