Common use of Servicer Reimbursements Clause in Contracts

Servicer Reimbursements. The Servicer shall be entitled to be reimbursed from amounts on deposit in, or to be deposited in, the Collection Account with respect to a Collection Period for amounts previously deposited in the Collection Account but later determined by the Servicer to have resulted from mistaken deposits or postings or checks returned for insufficient funds. The amount to be reimbursed hereunder shall be paid to the Servicer on the related Distribution Date pursuant to Section 9.5(a)(iv). Upon the request of the Administrative/Collateral Agent or any Agent, the Servicer shall certify any amount to be reimbursed hereunder and shall supply such other information as may be necessary in the opinion of the Administrative/Collateral Agent to verify the accuracy of such certification. The Administrative/Collateral Agent shall not be under any obligation to make the request described in the immediately preceding sentence.

Appears in 2 contracts

Samples: Receivables Financing Agreement (United Pan Am Financial Corp), Receivables Financing Agreement (United Pan Am Financial Corp)

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Servicer Reimbursements. The Servicer shall be entitled to be reimbursed from amounts on deposit in, or to be deposited in, the Collection Account with respect to a Collection Period for amounts previously deposited in the Collection Account but later determined by the Servicer to have resulted from mistaken deposits or postings or checks returned for insufficient funds. The amount to be reimbursed hereunder shall be paid to the Servicer on the related Distribution Payment Date pursuant to Section 9.5(a)(iv4.5(a)(ii). Upon the request of the Administrative/Collateral Agent or any AgentTrustee, the Servicer shall certify any amount to be reimbursed hereunder and shall supply such other information as may be necessary in the opinion of the Administrative/Collateral Agent Trustee to verify the accuracy of such certification. The Administrative/Collateral Agent Trustee shall not be under any obligation to make the request described in the immediately preceding sentence.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Paragon Auto Receivables Corp)

Servicer Reimbursements. The Servicer shall be entitled to be reimbursed from amounts on deposit in, or to be deposited in, the Collection Account with respect to a Collection Period for amounts previously deposited in the Collection Account but later determined by the Servicer to have resulted from mistaken deposits or postings or checks returned for insufficient funds. The amount to be reimbursed hereunder shall be paid to the Servicer on or prior to the related Distribution Date pursuant to Section 9.5(a)(iv). Upon the request of the Administrative/Collateral Administrative Agent or any Agent, the Servicer shall certify any amount to be reimbursed hereunder and shall supply such other information as may be necessary in the opinion of the Administrative/Collateral Administrative Agent to verify the accuracy of such certification. The Administrative/Collateral Administrative Agent shall not be under any obligation to make the request described in the immediately preceding sentence.

Appears in 1 contract

Samples: Receivables Financing Agreement (Compucredit Corp)

Servicer Reimbursements. The Servicer shall be entitled to be reimbursed from amounts on deposit in, or to be deposited in, the Collection Account with respect to a Collection Period for amounts previously deposited in the Collection Account but later determined by the Servicer to have resulted from mistaken deposits or postings or checks returned for insufficient funds. The amount to be reimbursed hereunder shall be paid to the Servicer on the related Distribution Date pursuant to Section 9.5(a)(iv)8(a)(ii) or 8(b)(ii) of the Security Agreement. Upon the request of the Administrative/Collateral Agent or any the Agent, the Servicer shall certify any amount to be reimbursed hereunder and shall supply such other information as may be necessary in the opinion of the Administrative/Collateral Agent and the Agent to verify the accuracy of such certification. The Administrative/Collateral Agent shall not be under any obligation to make the request described in the immediately preceding sentence.

Appears in 1 contract

Samples: Receivables Financing Agreement (Firstcity Financial Corp)

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Servicer Reimbursements. The Servicer shall be entitled to be reimbursed from amounts on deposit in, or to be deposited in, the Collection Account with respect to a Collection Period for amounts previously deposited in the Collection Account but later determined by the Servicer to have resulted from mistaken deposits or postings or checks returned for insufficient funds. The amount to be reimbursed hereunder shall be paid to the Servicer on the related Distribution Payment Date pursuant to Section 9.5(a)(iv4.5(a)(ii). Upon the request of the Administrative/Collateral Agent Indenture Trustee or any Agentthe Note Insurer, the Servicer shall certify any amount to be reimbursed hereunder and shall supply such other information as may be necessary in the opinion of the Administrative/Collateral Agent Indenture Trustee and the Note Insurer to verify the accuracy of such certification. The Administrative/Collateral Agent Indenture Trustee shall not be under any obligation to make the request described in the immediately preceding sentence.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Paragon Auto Receivables Corp)

Servicer Reimbursements. The Servicer shall be entitled to be reimbursed from amounts on deposit in, or to be deposited in, the Collection Account with respect to a Collection Period for amounts previously deposited in the Collection Account but later determined by the Servicer to have resulted from mistaken deposits or postings or checks returned for insufficient funds. The amount to be reimbursed hereunder shall be paid to the Servicer on the related Distribution Payment Date pursuant to Section 9.5(a)(iv4.5(a)(ii). Upon the request of the Administrative/Collateral Agent or any AgentIndenture Trustee, the Servicer shall certify any amount to be reimbursed hereunder and shall supply such other information as may be necessary in the opinion of the Administrative/Collateral Agent Indenture Trustee to verify the accuracy of such certification. The Administrative/Collateral Agent Indenture Trustee shall not be under any obligation to make the request described in the immediately preceding sentence.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Paragon Auto Receivables Corp)

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