Servicing and Monitoring of Merchant Card Accounts. The parties hereto agree that all Card accounts of Merchants shall be serviced as follows:
Servicing and Monitoring of Merchant Card Accounts Sample Clauses
Related to Servicing and Monitoring of Merchant Card Accounts
Administration and Servicing of Receivables SECTION 4.1
Administration and Servicing of Contracts Section 6.01 [Reserved].
GENERAL SERVICING PROCEDURES Section 5.01
Administration and Servicing OF MORTGAGE LOANS
Establishment of Custodial Accounts; Deposits in Custodial Accounts The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts. The creation of any Custodial Account shall be evidenced by a Custodial Account Letter Agreement in the form of Exhibit 7. The Seller shall deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received by it subsequent to the Cut-off Date, or received by it prior to the Cut-off Date but allocable to a period subsequent thereto, other than in respect of principal and interest on the Mortgage Loans due on or before the Cut-off Date:
