Segregation of Collections. The Seller will use reasonable efforts to minimize the deposit of any funds other than Pool Collections into any of the Lockbox Accounts and, to the extent that any such funds are deposited into any of such Lockbox Accounts, promptly will identify any such funds or will cause such funds to be so identified to the Servicer, it being understood and agreed that the Seller does not hereby assume any affirmative duty to re-direct Obligors to remit funds to alternate locations.
Appears in 5 contracts
Samples: Omnibus Amendment (Domus Holdings Corp), Receivables Purchase Agreement (Realogy Corp), Omnibus Amendment (Realogy Corp)
Segregation of Collections. The Such Seller will shall use reasonable efforts to minimize the deposit of any funds other than Pool Collections into any of the Lockbox Accounts and, to the extent that any such funds nevertheless are deposited into any of such the Lockbox Accounts, shall promptly will identify any such funds funds, or will shall cause such the funds to be so identified identified, to Buyer, the ServicerServicer and the Trustee (following which notice, it being understood and agreed that Buyer shall cause the Seller does not hereby assume any affirmative duty Servicer to re-direct Obligors to remit return all the funds to alternate locationssuch Seller).
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Vertis Inc), Receivables Purchase Agreement (Big Flower Press Holdings Inc)
Segregation of Collections. The Seller will use reasonable efforts to minimize the deposit of any funds other than Pool Collections into any of the Lockbox Accounts and, to the extent that the Seller has knowledge that any such funds are deposited into any of such Lockbox Accounts, promptly will identify any such funds or will cause such funds to be so identified to the Servicer, it being understood and agreed that the Seller does not hereby assume any affirmative duty to re-direct Obligors to remit funds to alternate locations.
Appears in 1 contract
Samples: Receivables Purchase Agreement (NRT Settlement Services of Missouri LLC)