Net Deposits. For so long as AHFC shall be the Servicer and the Seller, the Servicer and the Indenture Trustee may make any remittances pursuant to this Article net of amounts to be distributed by the applicable recipient to such remitting party. Nonetheless, each such party shall account in writing for all of the above described remittances and distributions as if the amounts were deposited and/or transferred separately.
Appears in 76 contracts
Sources: Sale and Servicing Agreement (American Honda Receivables LLC), Sale and Servicing Agreement (Honda Auto Receivables 2015-4 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2015-4 Owner Trust)
Net Deposits. For so long as AHFC shall be the Servicer and the SellerServicer, the Servicer and the Indenture Trustee may make any remittances pursuant to this Article net of amounts to be distributed by the applicable recipient to such remitting party. Nonetheless, each such party shall account in writing for all of the above described remittances and distributions as if the amounts were deposited and/or transferred separately.
Appears in 75 contracts
Sources: Sale and Servicing Agreement (Honda Auto Receivables 2025-4 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2025-4 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2025-3 Owner Trust)