Common use of Payments into Distribution Account after Notification Event Notice Clause in Contracts

Payments into Distribution Account after Notification Event Notice. The Servicer will use all reasonable endeavours to do or procure the doing of all such acts and things which the Security Trustee requests the Servicer to do or procure be done, after delivery of a Notification Event Notice to each Obligor in relation to payments in respect of the Financing Contracts which were paid into the Seller's collection accounts and which shall thereafter be paid directly into the Distribution Account or such other account specified by the Issuer.

Payments into Distribution Account after Notification Event Notice. The Servicer will use all reasonable endeavours to do or procure the doing of all such acts and things which the Security Trustee requests the Servicer to do or procure be done, after delivery of a Notification Event Notice to each Obligor in relation to payments in respect of the Financing Contracts which were paid into the SellerVWFS's collection accounts and which shall thereafter be paid directly into the Distribution Account or such other account specified by the Issuer.