Remittance Procedures. The Servicer, as agent for the Lender, shall instruct the Lender’s Bank and, if the Servicer fails to do so, the Collateral Agent shall instruct the Lender’s Bank, to apply funds on deposit in the Collection Account as described in this Section 2.04.
Appears in 2 contracts
Samples: Receivables Loan and Security Agreement (Resource America Inc), Loan and Security Agreement (Resource America Inc)
Remittance Procedures. The Servicer, as agent for the Agent and the Lender, shall instruct the LenderAgent’s Bank and, if the Servicer fails to do so, the Collateral Agent shall may instruct the LenderAgent’s Bank, to apply funds on deposit in the Collection Account as described in this Section 2.042.05.
Appears in 2 contracts
Samples: Receivables Loan and Security Agreement (LEAF Equipment Leasing Income Fund III, L.P.), Receivables Loan and Security Agreement (LEAF Equipment Finance Fund 4, L.P.)
Remittance Procedures. The Servicer, as agent for the LenderLenders, shall instruct the Lender’s Lenders’ Bank and, if the Servicer fails to do so, the Collateral Agent shall instruct the Lender’s Lenders’ 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)
Remittance Procedures. The Servicer, as agent for the Agent and the Lender, shall instruct the Lender’s Bank andAgent's Bank, if and the Servicer fails to do so, the Collateral Agent shall may instruct the Lender’s Agent's Bank, to apply funds on deposit in the Collection Account as described in this Section 2.042.05.
Appears in 1 contract
