Payment Instructions; etc Sample Clauses
Payment Instructions; etc. Subject to Section 5.7(a)(vii), the Servicer has instructed, or otherwise caused, all Obligors with respect to any Receivables to make all payments made with respect to such Receivable (i) (A) to the extent paid by credit card, electronic check, ACH payment or wire transfer, directly into the applicable Collection Account, and (B) to the extent paid by cash, checks, notes, drafts, bills of exchange or money orders, directly to the Servicer, or (ii) solely to the extent such Receivable is a Bank Partner Refinance Receivable, directly into a Bank Partner Collection Account that is subject to the Intercreditor Agreement. Each Collection Account is maintained solely in the name of the Borrower. The Disbursement Account is maintained solely in the name of the Castlelake Representative. Each Bank Partner Collection Account is maintained solely in accordance with the Intercreditor Agreement. The Borrower has not granted any Person, other than the Collateral Agent as contemplated by this Agreement, dominion and control of any Collection Account, or the right to take dominion and control of any Collection Account at a future time or upon the occurrence of a future event (other than any such right in favor of the depository institution granted in connection with the opening of such accounts or pursuant to any Collection Account Control Agreement). The Collection Account Bank has been instructed to remit all funds on deposit in the Collection Accounts to the Disbursement Account on each Business Day. The Disbursement Account Bank has been instructed to distribute funds on deposit in the Disbursement Account at the direction of the Administrative Agent. The Servicer has been instructed to remit any Collections and other amounts received with respect to the Receivables received by it to the Disbursement Account within five (5) Business Days of receipt.
Payment Instructions; etc. (a) The conditions and requirements set forth in Section 5.7 have at all times been duly satisfied and performed.
(b) The SMC Collection Account is maintained solely in the name of the Company and is not subject to any Liens other than Permitted Liens and customary liens in favor of the Master Collection Account Bank with respect to the SMC Collection Account. The Company has not granted any Person, other than the Master Collection Account Bank, dominion and control of the SMC Collection Account or the right to take dominion and control of the SMC Collection Account at a future time or upon the occurrence of a future event. The Heights Collection Account is maintained solely in the name of Heights and is not subject to any Liens other than Permitted Liens and customary liens in favor of the Master Collection Account Bank with respect to the Heights Collection Account. Heights has not granted any Person, other than the Master Collection Account Bank, dominion and control of the Heights Collection Account or the right to take dominion and control of the Heights Collection Account at a future time or upon the occurrence of a future event. Each Branch Account is maintained solely in the name of the applicable Originator and is not subject to any Liens other than Permitted Liens. None of the Company, any Originator or any of their respective Affiliates has granted any Person dominion and control of any Branch Account or the right to take dominion and control of such Branch Account at any future time or upon the occurrence of a future event.
(c) The Master Collection Account is maintained solely in the name of the Master Collection Account Bank and is not subject to any Liens other than the Liens contemplated by the Master Collection Account Agreement. The Company has not granted any Person, other than the Master Collection Account Bank, dominion and control of the Master Collection Account or the right to take dominion and control of the Master Collection Account at a future time or upon the occurrence of a future event.
(d) The Collection Account is maintained solely in the name of the Borrower. The Borrower has not granted any Person, other than the Collateral Agent as contemplated by this Agreement, dominion and control of the Collection Account, or the right to take dominion and control of the Collection Account at a future time or upon the occurrence of a future event. The Collection Account Bank has been instructed to distribute funds on deposit in the Co...
Payment Instructions; etc. All payments or prepayments required or permitted to be made on the Loan, the Notes or otherwise under or in connection with this Agreement (including, without limitation, pursuant to Section 2 or this Section 6) shall be made by wire transfer of immediately available funds to the applicable Lender's account designated on the signature page hereto (or, if such Lender acquired its interest in the Loan by assignment pursuant to Section 7.1(b), as designated in the related assignment agreement) and, in the case of any such mandatory payments or prepayments, such payments or prepayments shall be due by 1:00 p.m. (New York City time).
Payment Instructions; etc. All payments or prepayments required or permitted to be made on the Revolving Loan, the Term Loan, the Revolving Note, the Term Note or otherwise under or in connection with this Agreement (including, without limitation, pursuant to Section 2 or this Section 8) shall be made by wire transfer of immediately available funds to Lender's account designated on the signature page hereto and, in the case of any such mandatory payments or prepayments, such payments or prepayments shall be due by 1:00 p.m. (New York City time).
Payment Instructions; etc. The Servicer has instructed AT&T with respect to any Receivables to pay all Collections directly into the Collection Account. To the extent that the Servicer receives any payments with respect to the Receivables (including Close-out Costs), the Servicer will deposit such amounts in the Collection Account on the same Business Day received. The Collection Account is maintained solely in the name of the Borrower. The Borrower has not granted any Person, other than the Administrative Agent as contemplated by this Agreement, dominion and control of the Collection Account, or the right to take dominion and control of the Collection Account at a future time or upon the occurrence of a future event.
Payment Instructions; etc. All payments or prepayments required or permitted to be made on the Loan, the Note or otherwise under or in connection with this Agreement (including, without limitation, pursuant to Section 2 or this Section 6) shall be made by wire transfer of immediately available funds to the Lender's account designated on the signature page hereto and, in the case of any such mandatory payments or prepayments, such payments or prepayments shall be due by 1:00 p.m. (New York City time).
Payment Instructions; etc. (a) The conditions and requirements set forth in Section 5.7 have at all times been duly satisfied and performed.
(b) The Collection Account is maintained solely in the name of the Borrower. The Borrower has not granted any Person, other than the Collateral Agent as contemplated by this Agreement, dominion and control of the Collection Account, or the right to take dominion and control of the Collection Account at a future time or upon the occurrence of a future event. The Collection Account Bank has been instructed to distribute funds on deposit in the Collection Account pursuant to the Monthly Servicing Report approved by the Collateral Agent.
(c) If the Lockbox Account has been opened, (i) the Lockbox Account is maintained solely in the name of the Borrower; (ii) the Borrower has not granted any Person, other than the Collateral Agent as contemplated by this Agreement, dominion and control of the Lockbox Account, or the right to take dominion and control of the Lockbox Account at a future time or upon the occurrence of a future event, and (iii) the Lockbox Account Bank has been instructed to distribute funds on deposit in the Lockbox Account to the Collection Account on the same Business Day such funds were deposited in the Lockbox Account.
Payment Instructions; etc. 48 SECTION 9. ASSIGNMENTS AND PARTICIPATIONS..................................................................... 48 9.1 Assignments....................................................................................... 48 9.2 Participations.................................................................................... 49