Common use of Segregation of Collections Clause in Contracts

Segregation of Collections. The Servicer shall not be required (unless otherwise requested by any of the Agents) to segregate the funds constituting Collections prior to the remittance thereof in accordance with Article III. If instructed by any of the Agents, the Servicer shall segregate Collections and deposit them into the Collateral Account not later than the first Business Day following receipt by the Servicer of such Collections in immediately available funds.

Segregation of Collections. The Servicer shall not be required (unless otherwise requested by any of the AgentsAgent) to segregate the funds constituting the Collections prior to the remittance thereof in accordance with Article III. If instructed by any of the AgentsAgent determines in its reasonable judgment that it is necessary or desirable and so instructs the Servicer, the Servicer shall segregate Collections and deposit them into the Collateral Collection Account Collections not later than the first second Business Day following receipt by the Servicer of such Collections in immediately available funds.

Segregation of Collections. The Servicer shall not be required (unless otherwise requested by any of the AgentsAgent) to segregate the funds constituting such portions of such Collections prior to the remittance thereof in accordance with Article III. If instructed by any of the AgentsAgent, the Servicer shall segregate Collections and deposit them into the Collateral Collection Account Collections not later than the first second Business Day following receipt by the Servicer of such Collections in immediately available funds.