Net Deposits. As an administrative convenience, the Servicer will be permitted to make the deposit of collections on the Receivables and Purchase Amounts for or with respect to the Collection Period net of distributions (including without limitation the Servicing Fee) to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.
Appears in 79 contracts
Sources: Sale and Servicing Agreement (World Omni Auto Receivables Trust 2025-D), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2025-D), Sale and Servicing Agreement (World Omni Select Auto Trust 2025-A)
Net Deposits. As an administrative convenience, the Servicer will be permitted to make the deposit of collections on the Receivables Receivables, Advances and Purchase Amounts for or with respect to the Collection Period net of distributions (including without limitation the Servicing Fee) to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.
Appears in 40 contracts
Sources: Sale and Servicing Agreement (World Omni Auto Receivables Trust 2015-B), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2015-B), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2015-A)
Net Deposits. As an administrative convenience, unless the Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables and Purchase Amounts for or with respect to the Collection Period net of distributions (including without limitation the Servicing Fee) to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.
Appears in 28 contracts
Sources: Sale and Servicing Agreement (Daimlerchrysler Services North America LLC), Sale and Servicing Agreement (Daimlerchrysler Services North America LLC), Sale and Servicing Agreement (DaimlerChrysler Financial Services Americas LLC)
Net Deposits. As an administrative convenience, unless the Servicer is required to remit collections daily, the Servicer will be permitted to make the deposit of collections on the Receivables and Purchase Amounts for or with respect to the Collection Period net of distributions (including without limitation the Servicing Fee) distributions, if any, to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.
Appears in 17 contracts
Sources: Sale and Servicing Agreement (CNH Capital Receivables Inc), Sale and Servicing Agreement (Case Receivables Ii Inc), Sale and Servicing Agreement (CNH Capital Receivables Inc)
Net Deposits. As an administrative convenience, the Servicer will be permitted to make the deposit of collections on the Receivables and Purchase Amounts for or with respect to the Collection Period net of distributions [(including without limitation the Servicing Fee) )] to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Owner Trustee, [the Grantor Trust Trustee,] the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.
Appears in 3 contracts
Sources: Sale and Servicing Agreement (World Omni Auto Receivables LLC), Sale and Servicing Agreement (World Omni Auto Receivables LLC), Sale and Servicing Agreement (World Omni Auto Receivables LLC)
Net Deposits. As an administrative convenience, the Servicer will be permitted to make the deposit of collections on the Receivables all Collections and Purchase Amounts for or with respect to the Collection Period net of distributions (including without limitation the Servicing Fee) to be made to the Servicer with respect Fee and any other amounts that the Servicer is permitted to the Collection Periodretain pursuant to Section 4.13. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders and the Certificateholders Issuer as if all deposits, distributions and transfers were made individually.
Appears in 2 contracts
Sources: Receivables Servicing Agreement (Bear Stearns Asset Backed Funding Inc), Receivables Servicing Agreement (Bear Stearns Asset Backed Funding Ii Inc)
Net Deposits. As an administrative convenience, the Servicer will be permitted to make the deposit of collections on the Receivables and Purchase Amounts for or with respect to the Collection Period net of distributions (including without limitation the Servicing Fee) to be made to the Servicer Servicer, in accordance with the express terms hereof, with respect to the Collection PeriodPeriod or amounts payable to or withdrawable by the Servicer pursuant to this Agreement. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders FIARC and the Certificateholders Collateral Agent as if all deposits, distributions and transfers were made individually.
Appears in 1 contract
Sources: Servicing Agreement (First Investors Financial Services Group Inc)
Net Deposits. As an administrative convenience, the ------------ Servicer will be permitted to make the deposit of collections on the Receivables Receivables, Advances and Purchase Amounts for or with respect to the Collection Period net of distributions (including without limitation the Servicing Fee) to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Owner Trustee, the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.
Appears in 1 contract
Sources: Sale and Servicing Agreement (World Omni Auto Receivables LLC)