Remittance Procedures. Subject to Section 7.03(c)(i)(E) (if then applicable) and the proviso set forth in Section 2.04(a), the Servicer, as agent for the Lenders, with the prior written consent of the Collateral Agent, shall instruct the Lenders’ Bank and, if the Servicer fails to do so, the Collateral Agent shall instruct the Lenders’ Bank, to apply funds on deposit in the Collection Account as described in this Section 2.04.
Appears in 4 contracts
Samples: Receivables Loan and Security Agreement (LEAF Equipment Leasing Income Fund III, L.P.), Receivables Loan and Security Agreement and Waiver (LEAF Equipment Finance Fund 4, L.P.), Receivables Loan and Security Agreement and Waiver (LEAF Equipment Leasing Income Fund III, L.P.)
Remittance Procedures. Subject to Section 7.03(c)(i)(E) (if then applicable) and the proviso set forth in Section 2.04(a2.04(c), the Servicer, as agent for the LendersLender, with the prior written consent of the Collateral Agent, shall instruct the Lenders’ Lender’s Bank and, if the Servicer fails to do so, the Collateral Agent shall instruct the Lenders’ Lender’s Bank, to apply funds on deposit in the Collection Account and the Collection Sub-Account as described in this Section 2.04.
Appears in 2 contracts
Samples: Receivables Loan and Security Agreement (LEAF Equipment Finance Fund 4, L.P.), Vehicle Lienholder Nominee Agreement (LEAF Equipment Finance Fund 4, L.P.)
Remittance Procedures. Subject to Section 7.03(c)(i)(E) (if then applicable) and the proviso set forth in Section 2.04(a2.04(c), the Servicer, as agent for the LendersLender, with the prior written consent of the Collateral Agent, shall instruct the Lenders’ Lender’s Bank and, if the Servicer fails to do so, the Collateral Agent shall instruct the Lenders’ Lender’s Bank, to apply funds on deposit in the Collection Account as described in this Section 2.04.
Appears in 1 contract
Samples: Receivables Loan and Security Agreement (LEAF Equipment Finance Fund 4, L.P.)
Remittance Procedures. Subject TheSubject to Section 7.03(c)(i)(E) (if then applicable) and the proviso set forth in Section 2.04(a2.04(c), the Servicer, as agent for the LendersLender, with the prior written consent of the Collateral Agent, shall instruct the Lenders’ Lender’s Bank and, if the Servicer fails to do so, the Collateral Agent shall instruct the Lenders’ Lender’s Bank, to apply funds on deposit in the Collection Account as described in this Section 2.04.
Appears in 1 contract
Samples: Receivables Loan and Security Agreement (Resource America Inc)
