Requirement to Make Deposits into the Collection Account. (a) Subject to Section 5.02(b), the Servicer shall deposit Collections into the Collection Account not later than the second Business Day after the Date of Processing thereof, or earlier to the extent reasonably possible, and shall deposit Purchase Proceeds and payments in respect of Credit Adjustments in the Collection Account on the day that such funds are to be deposited hereunder; provided that:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Royal Bank of Canada), Pooling and Servicing Agreement
Requirement to Make Deposits into the Collection Account. (a1) Subject to Except as otherwise provided in this Section 5.02(b)6.3, the Servicer shall deposit Collections (including, for greater certainty, Deemed Collections) into the Collection Account not later than the second Business Day after the Date of Processing thereof, or earlier to the extent reasonably possible, and shall deposit Purchase Proceeds and payments in respect of Credit Adjustments in Transfer Deposits into the Collection Account on the day that such funds are to be deposited hereunder; provided that:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement
