Common use of Payments to Concentration Account Clause in Contracts

Payments to Concentration Account. (i) On or prior to the Account Transition Deadline, the Servicer shall have instructed all Obligors to make all payments in respect of the Collateral Portfolio directly to the Concentration Account or Collection Account on or before the applicable Cut-Off Date and (ii) after the Account Transition Deadline, the Servicer shall have instructed all Obligors to make all payments in respect of the Collateral Portfolio directly to the Collection Account on or before the applicable Cut-Off Date; provided that the Servicer is not required to so instruct any Obligor which is solely a guarantor unless and until the Servicer calls on the related guaranty.