Servicer Concentration Account Clause Samples

Servicer Concentration Account. ITT maintains deposit accounts (collectively, the "Concentration Account"), a listing of which is attached hereto as Schedule II, into which it shall deposit all amounts paid by the Dealers under ITT Agreements for Wholesale Financing, which Concentration Account shall be segregated special purpose accounts established and maintained by ITT with an Eligible Institution. ITT agrees with Yamaha that (i) it will not change this method of collection without the prior written consent of Yamaha; (ii) concurrently with the transfer of amounts from the Concentration Account in respect of a particular day, ITT will make the deposits and transfers required by the terms of this Agreement for such day.

Servicer Concentration Account. The Servicer or, if DFS is acting as subservicer, DFS, maintains deposit accounts (collectively, the "Concentration Account") into which it shall deposit all amounts paid by the Dealers under Floorplan Financing Agreements. The Servicer agrees (i) that it will not change this method of collection without the prior written consent of any Enhancement Providers; (ii) with respect to amounts deposited into the Concentration Account in respect of a particular day, that it will not transfer such amounts from the Concentration Account until the Servicer has posted all Collections in respect of the Receivables for such day and (iii) concurrently with the transfer of amounts from the Concentration Account in respect of a particular day, the Servicer will make the deposits and transfers required by the terms of this Agreement for such day.

Servicer Concentration Account. The Servicer maintains ------------------------------ deposit accounts (collectively, the "Concentration Account") into which it --------------------- shall deposit all amounts paid by the Obligors with respect to the Receivables. The Servicer agrees (i) that it will not change this method of collection without the prior written consent of any Enhancement Providers, if any; (ii) with respect to amounts deposited into the Concentration Account in respect of a particular day, that it will not transfer such amounts from the Concentration Account until the Servicer has posted all Collections in respect of the Receivables for such day; and (iii) concurrently with the transfer of amounts from the Concentration Account in respect of a particular day, the Servicer will make the deposits and transfers required by the terms of this Agreement for such day, if any.