Common use of Pre-Closing Collections Clause in Contracts

Pre-Closing Collections. Within two (2) Business Days after the Initial Closing Date and each Subsequent Closing Date, the Seller shall transfer to the account or accounts designated by XXXX (or by the Issuing Entity under the Further Transfer and Servicing Agreements) all collections on the Receivables held by the Seller on the Initial Closing Date or Subsequent Closing Date, as applicable, and conveyed to XXXX pursuant to Section 2.01; provided that so long as the Monthly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Pre-Closing Collections. Within two (2) Business Days after the Initial Closing Date and each Subsequent Closing Date, the Seller shall transfer to the account or accounts designated by XXXX (or by the Issuing Entity under the Further Transfer and Servicing Agreements) all collections on the Receivables held by the Seller on the Initial Closing Date or Subsequent Closing Date, as applicable, and conveyed to XXXX pursuant to Section 2.01; provided that so long as the Monthly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Pre-Closing Collections. Within two (2) Business Days after the Initial Closing Date and each Subsequent Closing Date, the Seller shall transfer to the account or accounts designated by XXXX CXXX (or by the Issuing Entity under the Further Transfer and Servicing Agreements) all collections on the Receivables held by the Seller on the Initial Closing Date or Subsequent Closing Date, as applicable, and conveyed to XXXX CXXX pursuant to Section 2.01; provided that so long as the Monthly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Pre-Closing Collections. Within two (2) Business Days after the Initial Closing Date and each Subsequent Closing Date, the Seller shall transfer to the account or accounts designated by XXXX (or by the Issuing Entity under the Further Transfer and Servicing Agreements) all collections on the Receivables held by the Seller on the Initial Closing Date or Subsequent Closing Date, as applicable, and conveyed to XXXX pursuant to Section 2.01; provided that so long as the Monthly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.