Common use of Servicing Covenants Clause in Contracts

Servicing Covenants. Each Seller covenants and agrees, in connection with its servicing obligations pursuant to Section 5.1, (i) that the payment instructions currently in force and provided to each Approved Obligor specify that each such Approved Obligor shall pay all amounts owing under the Purchased Receivables to the applicable Seller Account, (ii) not to change such payment instructions while any Purchased Receivable remains outstanding without the Administrative Agent’s prior consent, (iii) that it shall keep accurate books and records with respect to each relevant Seller Account, clearly identifying the source of all amounts deposited and otherwise held therein, and (iv) to take any and all other commercially reasonable actions, including such commercially reasonable actions as may be requested by the Administrative Agent from time to time, to (a) recover and enforce payment of any defaulted Purchased Receivable and (b) ensure that all amounts owing under the Purchased Receivables be deposited by the Approved Obligors exclusively to the applicable Seller Account or as otherwise instructed by the Administrative Agent. Each Seller further covenants and agrees (A) upon receipt into a Seller Account of any Collections, such Seller shall identify and reconcile such funds with its books and records and (B) to take any and all other commercially reasonable actions, including commercially reasonable actions as may be requested by the Administrative Agent from time to time, to ensure that amounts deposited in or otherwise standing to the credit of a Seller Account will be disbursed in accordance with the provisions of Section 5.7. Any payment by an Approved Obligor of any amount owing under any Purchased Receivable that is not paid to the applicable Seller Account and is received by the applicable Seller directly shall be held in trust by such Seller as the Purchasers’ exclusive property, such funds shall be safeguarded for the benefit of the Purchasers, and such funds shall promptly, and in any event within two Business Days of receipt thereof, be transferred by wire transfer to a Seller Account. No Seller shall, directly or indirectly, utilize such funds for its own purposes, nor shall any Seller have any right to pledge such funds as collateral for any obligations of any Seller or any other party. Collections shall not be deemed received by the Administrative Agent for purposes of this Agreement until credited to the Administrative Agent’s Account as immediately available funds or otherwise actually received by the Administrative Agent.

Servicing Covenants. Each Seller covenants and agrees, in connection with its servicing obligations pursuant to Section 5.1, (i) that the payment instructions currently in force and provided to each Approved Obligor specify that each such Approved Obligor shall pay all amounts owing under the Purchased Receivables to the applicable Seller Existing Account, (ii) not to change such payment instructions while any Purchased Receivable remains outstanding without the Administrative Agent’s prior consent, (iii) that it shall keep accurate books and records with respect to each relevant Seller Account, clearly identifying the source of all amounts deposited and otherwise held therein, and (iv) to take any and all other commercially reasonable actions, including such commercially reasonable actions as may be requested by the Administrative Agent from time to time, to (a) recover and enforce payment of any defaulted Purchased Receivable and (b) ensure that all amounts owing under the Purchased Receivables be deposited by the Approved Obligors exclusively to the applicable Seller Existing Account or as otherwise instructed by the Administrative Agent. Each Seller further covenants and agrees (A) that at all times on or prior to the Final Collection Date, all Collections and other funds received into any Existing Account will be swept (on a same-day basis) in immediately available funds to a Collection Account; provided that any amounts credited to any Existing Account after 2:00 p.m. New York time on any Business Day shall be deemed received on the next following Business Day, (B) upon receipt into a Seller Collection Account of any CollectionsCollections and other funds swept from an Existing Account, such Seller shall identify and reconcile such funds with its books and records records, (C) not to give instructions to any other Person to pay any amounts into any Collection Account and (BD) to take any and all other commercially reasonable actions, including commercially reasonable actions as may be requested by the Administrative Agent from time to time, to ensure that all Collections will be transferred from the applicable Existing Account to a Collection Account within such one Business Day period, and that amounts deposited in or otherwise standing to the credit of a Seller Collection Account will be disbursed in accordance with the provisions of Section 5.7. Any payment by an Approved Obligor of any amount owing under any Purchased Receivable that is not paid to the applicable Seller Account and is received by the applicable Seller directly shall be held in trust by such Seller as the Purchasers’ exclusive property, such funds shall be safeguarded for the benefit of the Purchasers, and such funds shall promptly, and in any event within two Business Days of receipt thereof, be transferred by wire transfer to a Seller Collection Account. No Seller shall, directly or indirectly, utilize such funds for its own purposes, nor shall any Seller have any right to pledge such funds as collateral for any obligations of any Seller or any other party. Collections shall not be deemed received by the Administrative Agent for purposes of this Agreement until credited to the Administrative Agent’s Account as immediately available funds or otherwise actually received by the Administrative Agent.

Servicing Covenants. Each Seller covenants and agrees, in connection with its servicing obligations pursuant to Section 5.1, (i) that the payment instructions currently in force and provided to each Approved Obligor specify that each such Approved Obligor shall pay all amounts owing under the Purchased Receivables to the applicable Seller Account, (ii) not to change such payment instructions while any Purchased Receivable remains outstanding without the Administrative Agent’s prior consentoutstanding, (iii) that it shall keep accurate books not to give instructions to any other person to pay any amounts into a Seller Account other than the instructions given to an Approved Obligor to make payments on Receivables payable by such Approved Obligor to the Seller and records with respect to each relevant Seller Account, clearly identifying the source of all amounts deposited and otherwise held thereinPurchaser, and (iv) to take any and all other commercially reasonable actions, including such commercially reasonable actions as may be requested by the Administrative Agent Purchaser from time to time, to (a) recover and enforce payment of any defaulted Purchased Receivable and (b) ensure that all amounts owing under the Purchased Receivables will be deposited by the Approved Obligors exclusively to the applicable Seller Account or as otherwise instructed by the Administrative AgentAccount. Each Seller further covenants and agrees (Ax) upon that within three Business Days of receipt into a in the applicable Seller Account of any Collectionspayment by an Approved Obligor of any amount owing under any Purchased Receivable sold by such Seller to the Purchaser, such Seller shall identify and reconcile transfer such paid amount in immediately available funds with its books and records to the Purchaser’s Account, and (By) to take any and all other commercially reasonable actions, including commercially reasonable actions as may be requested by the Administrative Agent Purchaser from time to time, to ensure that all amounts deposited in or otherwise standing owing under the Purchased Receivables sold by such Seller to the credit of a Purchaser will be transferred from the applicable Seller Account will be disbursed in accordance with to the provisions of Section 5.7Purchaser’s Account within such three Business Day period. Any payment by an Approved Obligor of any amount owing under any Purchased Receivable that is not paid to the applicable Seller Account and is received by the applicable Seller directly shall be held in trust by such Seller as the Purchasers’ Purchaser’s exclusive property, such funds shall be safeguarded for the benefit of the PurchasersPurchaser, and such funds shall promptly, and in any event within two Business Days of receipt following identification thereof, be transferred by wire transfer to a Seller the Purchaser’s Account. No Seller shall, directly or indirectly, utilize such funds for its own purposes, nor shall any Seller have any right to pledge such funds as collateral for any obligations of any Seller or any other party. For the avoidance of doubt, Collections shall not be deemed received by the Administrative Agent Purchaser for purposes of this Agreement until credited to the Administrative AgentPurchaser’s Account as immediately available funds or otherwise actually received by the Administrative AgentPurchaser.

Servicing Covenants. Each The Seller covenants and agrees, in connection with its servicing obligations pursuant to Section 5.1, (i) that the payment instructions currently in force and provided to each Approved Obligor specify that each such Approved Obligor shall pay all amounts owing under the Purchased Receivables to the applicable Seller Existing Depositary Account, (ii) not to change such payment instructions while any Purchased Receivable remains outstanding without the Administrative Agent’s prior consent, (iii) that it shall keep accurate books and records with respect to each relevant Seller Account, clearly identifying the source of all amounts deposited and otherwise held thereinoutstanding, and (iviii) to take any and all other commercially reasonable actions, including such commercially reasonable actions as may be requested by the Administrative Agent Purchaser from time to time, to (a) recover and enforce payment of any defaulted Purchased Receivable and (b) ensure that all amounts owing under the Purchased Receivables will be deposited by the Approved Obligors exclusively to the applicable Seller Account or as otherwise instructed by the Administrative AgentExisting Depositary Account. Each The Seller further covenants and agrees (Ax) upon that within two (2) Business Days of receipt into a Seller in the Existing Depositary Account of any Collectionspayment by an Approved Obligor of any amount owing under any Purchased Receivable sold by the Seller to the Purchaser, such the Seller shall identify and reconcile such funds with its books and records paid amount and (By) that on each Settlement Date, with respect to take any and all other commercially reasonable actions, including commercially reasonable actions as may be requested payment by an Approved Obligor of any amount owing under any Purchased Receivable sold by the Administrative Agent from time to time, to ensure that amounts deposited in or otherwise standing Seller to the credit of a Purchaser that was received during the preceding Settlement Period, the Seller shall transfer such payment in immediately available funds to the Purchaser’s Account will be disbursed in accordance with to the provisions of extent required by Section 5.75.6(a)(i). Any payment by an Approved Obligor of any amount owing under any Purchased Receivable that is not paid to the applicable Seller Existing Depositary Account and is received by the applicable Seller directly shall be held in trust (but the Seller shall not be required to segregate) by such the Seller as the Purchasers’ Purchaser’s exclusive property, such funds shall be safeguarded for the benefit of the PurchasersPurchaser, and such funds shall promptly, and in any event within two (2) Business Days of following receipt thereof, be transferred by wire transfer to a Seller or otherwise deposited in the Existing Depository Account. No The Seller shallshall not, directly or indirectly, utilize such funds for its own purposes, nor shall any the Seller have any right to pledge such funds as collateral for any obligations of any the Seller or any other party. For the avoidance of doubt, Collections shall not be deemed received by the Administrative Agent Purchaser for purposes of this Agreement until credited to the Administrative AgentPurchaser’s Account as immediately available funds or otherwise actually received by the Administrative AgentPurchaser.

Servicing Covenants. Each Seller covenants and agrees, in connection with its servicing obligations pursuant to Section 5.1, (i) that the payment instructions currently in force and provided to each Approved Obligor specify that each such Approved Obligor shall pay all amounts owing under the Purchased Receivables to the applicable Seller Existing Account, (ii) not to change such payment instructions while any Purchased Receivable remains outstanding without the Administrative Agent’s prior consent, (iii) that it shall keep accurate books and records with respect to each relevant Seller Account, clearly identifying the source of all amounts deposited and otherwise held therein, and (iv) to take any and all other commercially reasonable actions, including such commercially reasonable actions as may be requested by the Administrative Agent from time to time, to (a) recover and enforce payment of any defaulted Purchased Receivable and (b) ensure that all amounts owing under the Purchased Receivables be deposited by the Approved Obligors exclusively to the applicable Seller Existing Account or as otherwise instructed by the Administrative Agent. Each Seller further covenants and agrees (A) that at all times on or prior to the Final Collection Date, all Collections and other funds received into any Existing Account will be swept (on a same-day basis) in immediately available funds to a Collection Account; provided that any amounts credited to any Existing Account after 2:00 p.m. New York time on any Business Day shall be deemed received on the next following Business Day, (B) upon receipt into a Seller Collection Account of any CollectionsCollections and other funds swept from an Existing Account, such Seller shall identify and reconcile such funds with its books and records records, (C) not to give instructions to any other Person to pay any amounts into any Collection Account and (BD) to take any and all other commercially reasonable actions, including commercially reasonable actions as may be requested by the Administrative Agent from time to time, to ensure that all Collections will be transferred from the applicable Existing Account to a Collection Account within such one Business Day period, and that amounts deposited in or otherwise standing to the credit of a Seller Collection Account will be disbursed in accordance with the provisions of Section 5.7. Any payment by an Approved Obligor of any amount owing under any Purchased Receivable that is not paid to the applicable Seller Account and is received by the applicable Seller directly shall be held in trust by such Seller as the Purchasers’ exclusive property, such funds shall be safeguarded for the benefit of the Purchasers, and such funds shall promptly, and in any event within two Business Days of receipt thereof, be transferred by wire transfer to a Seller Collection Account. No Seller shall, directly or indirectly, utilize such funds for its own purposes, nor shall any Seller have any right to pledge such funds as collateral for any obligations of any Seller or any other party. Collections shall not be deemed received by the Administrative Agent for purposes of this Agreement until credited to the Administrative Agent’s Account as immediately available funds or otherwise actually received by the Administrative Agent. Section 5.3.

Servicing Covenants. Each Seller covenants and agrees, in connection with its servicing obligations pursuant to Section 5.1, (i) that the payment instructions currently in force and provided to each Approved Obligor specify that each such Approved Obligor shall pay all amounts owing under the Purchased Receivables to the applicable Seller Existing Account, (ii) not to change such payment instructions while any Purchased Receivable remains outstanding without the Administrative Agent’s prior consent, (iii) that it shall keep accurate books and records with respect to each relevant Seller Account, clearly identifying the source of all amounts deposited and otherwise held therein, and (iv) to take any and all other commercially reasonable actions, including such commercially reasonable actions as may be requested by the Administrative Agent from time to time, to (a) recover and enforce payment of any defaulted Purchased Receivable and (b) ensure that all amounts owing under the Purchased Receivables be deposited by the Approved Obligors exclusively to the applicable Seller Existing Account or as otherwise instructed by the Administrative Agent. Each Seller further covenants and agrees (A) that at all times on or prior to the Final Collection Date, all Collections and other funds received into any Existing Account will be swept (on a same-day basis) in immediately available funds to a Collection Account; provided that any amounts credited to any Existing Account after 2:00 p.m. New York time on any Business Day shall be deemed received on the next following Business Day, (B) upon receipt into a Seller Collection Account of any CollectionsCollections and other funds swept from an Existing Account, such Seller shall identify and reconcile such funds with its books and records records, (C) not to give instructions to any other Person to pay any amounts into any Collection Account \ and (BD) to take any and all other commercially reasonable actions, including commercially reasonable actions as may be requested by the Administrative Agent from time to time, to ensure that all Collections will be transferred from the applicable Existing Account to a Collection Account within such one Business Day period, and that amounts deposited in or otherwise standing to the credit of a Seller Collection Account will be disbursed in accordance with the provisions of Section 5.7. Any payment by an Approved Obligor of any amount owing under any Purchased Receivable that is not paid to the applicable Seller Account and is received by the applicable Seller directly shall be held in trust by such Seller as the Purchasers’ exclusive property, such funds shall be safeguarded for the benefit of the Purchasers, and such funds shall promptly, and in any event within two Business Days of receipt thereof, be transferred by wire transfer to a Seller Collection Account. No Seller shall, directly or indirectly, utilize such funds for its own purposes, nor shall any Seller have any right to pledge such funds as collateral for any obligations of any Seller or any other party. Collections shall not be deemed received by the Administrative Agent for purposes of this Agreement until credited to the Administrative Agent’s Account as immediately available funds or otherwise actually received by the Administrative Agent.

Servicing Covenants. Each Seller covenants and agrees, in connection with its servicing obligations pursuant to Section 5.1, (i) that the payment instructions currently in force and provided to each Approved Obligor specify that each such Approved Obligor shall pay all amounts owing under the Purchased Receivables to the applicable Seller Existing Account, (ii) not to change such payment instructions while any Purchased Receivable remains outstanding without the Administrative AgentPurchaser’s prior consent, (iii) that it shall keep accurate books and records with respect to each relevant Seller Account, clearly identifying the source of all amounts deposited and otherwise held therein, and (iv) to take any and all other commercially reasonable actions, including such commercially reasonable actions as may be requested by the Administrative Agent Purchaser from time to time, to (a) recover and enforce payment of any defaulted Purchased Receivable and (b) ensure that all amounts owing under the Purchased Receivables be deposited by the Approved Obligors exclusively to the applicable Seller Existing Account or as otherwise instructed by the Administrative AgentPurchaser. Each Seller further covenants and agrees (A) that at all times on or prior to the Final Collection Date, all Collections and other funds received into any Existing Account will be swept (on a same-day basis) in immediately available funds to the Collection Account; provided that any amounts credited to any Existing Account after 2:00 p.m. New York time on any Business Day shall be deemed received on the next following Business Day, (B) upon receipt into a Seller the Collection Account of any CollectionsCollections and other funds swept from an Existing Account, such Seller shall identify and reconcile such funds with its books and records records, (C) not to give instructions to any other person to pay any amounts into the Collection Account and (BD) to take any and all other commercially reasonable actions, including commercially reasonable actions as may be requested by the Administrative Agent Purchaser from time to time, to ensure that all Collections will be transferred from the applicable Existing Account to the Collection Account within such one Business Day period, and that amounts deposited in or otherwise standing to the credit of a Seller the Collection Account will be disbursed in accordance with the provisions of Section 5.75.6. Any payment by an Approved Obligor of any amount owing under any Purchased Receivable that is not paid to the applicable Seller Account and is received by the applicable Seller directly shall be held in trust by such Seller as the Purchasers’ Purchaser’s exclusive property, such funds shall be safeguarded for the benefit of the PurchasersPurchaser, and such funds shall promptly, and in any event within two Business Days of receipt thereof, be transferred by wire transfer to a Seller the Collection Account. No Seller shall, directly or indirectly, utilize such funds for its own purposes, nor shall any Seller have any right to pledge such funds as collateral for any obligations of any Seller or any other party. Collections shall not be deemed received by the Administrative Agent Purchaser for purposes of this Agreement until credited to the Administrative AgentPurchaser’s Account as immediately available funds or otherwise actually received by the Administrative AgentPurchaser.

Servicing Covenants. Each Seller covenants and agrees, in connection with its servicing obligations pursuant to Section 5.1, (i) that the payment instructions currently in force and provided to each Approved Obligor specify that each such Approved Obligor shall pay all amounts owing under the Purchased Receivables to the applicable Seller Existing Account, (ii) not to change such payment instructions while any Purchased Receivable remains outstanding without the Administrative Agent’s prior consent, (iii) that it shall keep accurate books and records with respect to each relevant Seller Account, clearly identifying the source of all amounts deposited and otherwise held therein, and (iv) to take any and all other commercially reasonable actions, including such commercially reasonable actions as may be requested by the Administrative Agent from time to time, to (a) recover and enforce payment of any defaulted Purchased Receivable and (b) ensure that all amounts owing under the Purchased Receivables be deposited by the Approved Obligors exclusively to the applicable Seller Existing Account or as otherwise instructed by the Administrative Agent. Each Seller further covenants and agrees (A) that at all times on or prior to the Final Collection Date, all Collections and other funds received into any Existing Account will be swept (on a same-day basis) in immediately available funds to the Collection Account; provided that any amounts credited to any Existing Account after 2:00 p.m. New York time on any Business Day shall be deemed received on the next following Business Day, (B) upon receipt into a Seller the Collection Account of any CollectionsCollections and other funds swept from an Existing Account, such Seller shall identify and reconcile such funds with its books and records records, (C) not to give instructions to any other Person to pay any amounts into the Collection Account and (BD) to take any and all other commercially reasonable actions, including commercially reasonable actions as may be requested by the Administrative Agent from time to time, to ensure that all Collections will be transferred from the applicable Existing Account to the Collection Account within such one (1) Business Day period, and that amounts deposited in or otherwise standing to the credit of a Seller the Collection Account will be disbursed in accordance with the provisions of Section 5.7. Any payment by an Approved Obligor of any amount owing under any Purchased Receivable that is not paid to the applicable Seller Account and is received by the applicable Seller directly shall be held in trust by such Seller as the Purchasers’ exclusive property, such funds shall be safeguarded for the benefit of the Purchasers, and such funds shall promptly, and in any event within two (2) Business Days of receipt thereof, be transferred by wire transfer to a Seller the Collection Account. No Seller shall, directly or indirectly, utilize such funds for its own purposes, nor shall any Seller have any right to pledge such funds as collateral for any obligations of any Seller or any other party. Collections shall not be deemed received by the Administrative Agent for purposes of this Agreement until credited to the Administrative Agent’s Account as immediately available funds or otherwise actually received by the Administrative Agent.

Servicing Covenants. Each Seller covenants and agrees, in connection with its servicing obligations pursuant to Section 5.1, (i) that the payment instructions currently in force and provided to each Approved Obligor specify that each such Approved Obligor shall pay all amounts owing under the Purchased Receivables to the applicable Seller Existing Account, (ii) not to change such payment instructions while any Purchased Receivable remains outstanding without the Administrative Agent’s prior consent, (iii) that it shall keep accurate books and records with respect to each relevant Seller Account, clearly identifying the source of all amounts deposited and otherwise held therein, and (iv) to take any and all other commercially reasonable actions, including such commercially reasonable actions as may be requested by the Administrative Agent from time to time, to (a) recover and enforce payment of any defaulted Purchased Receivable and (b) ensure that all amounts owing under the Purchased Receivables be deposited by the Approved Obligors exclusively to the applicable Seller Existing Account or as otherwise instructed by the Administrative Agent. Each Seller further covenants and agrees (A) that at all times on or prior to the Final Collection Date, all Collections and other funds received into any Existing Account will be swept (on a same-day basis) in immediately available funds to a Collection Account; provided that any amounts credited to any Existing Account after 2:00 p.m. New York time on any Business Day shall be deemed received on the next following Business Day, (B) upon receipt into a Seller Collection Account of any CollectionsCollections and other funds swept from an Existing Account, such Seller shall identify and reconcile such funds with its books and records records, (C) not to give instructions to any other Person to pay any amounts into any Collection Account \ and (BD) to take any and all other commercially reasonable actions, including commercially reasonable actions as may be requested by the Administrative Agent from time to time, to ensure that all Collections will be transferred from the applicable Existing Account to a Collection Account within such one Business Day period, and that amounts deposited in or otherwise standing to the credit of a Seller Collection Account will be disbursed in accordance with the provisions of Section 5.7. Any payment by an Approved Obligor of any amount owing under any Purchased Receivable that is not paid to the applicable Seller Account and is received by the applicable Seller directly shall be held in trust by such Seller as the Purchasers’ exclusive property, such funds shall be safeguarded for the benefit of the Purchasers, and such funds shall promptly, and in any event within two Business Days of receipt thereof, be transferred by wire transfer to a Seller Collection Account. No Seller shall, directly or indirectly, utilize such funds for its own purposes, nor shall any Seller have any right to pledge such funds as collateral for any obligations of any Seller or any other party. Collections shall not be deemed received by the Administrative Agent for purposes of this Agreement until credited to the Administrative Agent’s Account as immediately available funds or otherwise actually received by the Administrative Agent. Section 5.3.

Servicing Covenants. Each Seller covenants and agrees, in connection with its servicing obligations pursuant to Section 5.1, (i) that the payment instructions currently in force and provided to each Approved Obligor specify that each such Approved Obligor shall pay all amounts owing under the Receivables that are Purchased Receivables to the applicable a Seller Account, (ii) not to change such payment instructions while any Purchased Receivable remains outstanding without the Administrative Agent’s prior consentoutstanding, (iii) that it shall keep accurate books not to give instructions to any other person to pay any amounts into a Seller Account other than the instructions given to an Approved Obligor to make payments on Receivables payable by such Approved Obligor to the Seller and records with respect to each relevant Seller Account, clearly identifying the source of all amounts deposited and otherwise held thereinPurchaser, and (iv) to take any and all other commercially reasonable actions, including such commercially reasonable actions as may be requested by the Administrative Agent from time to time, to (a) recover and enforce payment of any defaulted Purchased Receivable and (b) ensure that all amounts owing under the Purchased Receivables be deposited by the Approved Obligors exclusively to the applicable Seller Account or as otherwise instructed by the Administrative Agent. Each Seller further covenants and agrees (A) upon receipt into a Seller Account of any Collections, such Seller shall identify and reconcile such funds with its books and records and (B) to take any and all other commercially reasonable actions, including commercially reasonable actions as may be requested by the Administrative Agent Purchaser from time to time, to ensure that all amounts owing under the Receivables that are Purchased Receivables will be deposited exclusively to a Seller Account. Each Seller further covenants and agrees that on each Settlement Date, such Seller shall identify and shall transfer all amounts received in or otherwise standing to the credit of a Seller Account will be disbursed on account of Purchased Receivables during the immediately preceding Settlement Period in accordance with immediately available funds to the provisions of Section 5.7Purchaser’s Account. Any payment by an Approved Obligor of any amount owing under any Purchased Receivable that is not paid to the applicable a Seller Account and is received by the applicable Seller directly shall be held in trust by such Seller as the Purchasers’ Purchaser’s exclusive property, such funds shall be safeguarded for the benefit of the PurchasersPurchaser, and such funds shall promptly, and in any event within two Business Days of receipt thereof, shall be transferred by wire transfer to a Seller Accountthe Purchaser’s Account on or prior to the next Settlement Date. No Seller shall, directly or indirectly, utilize such funds for its own purposes, nor shall any Seller have any right to pledge such funds as collateral for any obligations of any Seller or any other party. For the avoidance of doubt, Collections shall not be deemed received by the Administrative Agent Purchaser for purposes of this Agreement until credited to the Administrative AgentPurchaser’s Account as immediately available funds or otherwise actually received by the Administrative AgentPurchaser.