Common use of Unrelated Amounts Clause in Contracts

Unrelated Amounts. If Master Servicer determines that amounts which are not property of Owner (“Unrelated Amounts”) have been deposited in the Collection Account, then Master Servicer shall provide evidence thereof to Owner no later than the first Business Day following the day on which Master Servicer had actual knowledge thereof. Upon receipt of any such notice, Master Servicer shall withdraw the Unrelated Amounts from the Collection Account, and the same shall not be treated as Collections on Transferred Receivables and shall not be subject to the provisions of Section 2.11.

Appears in 2 contracts

Samples: Servicing Agreement (GE Dealer Floorplan Master Note Trust), Servicing Agreement (CDF Funding, Inc.)

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Unrelated Amounts. If Master Servicer determines that amounts which are not property of Owner ("Unrelated Amounts") have been deposited in the Collection Account, then Master Servicer shall provide evidence thereof to Owner no later than the first Business Day following the day on which Master Servicer had actual knowledge thereof. Upon receipt of any such notice, Master Servicer shall withdraw the Unrelated Amounts from the Collection Account, and the same shall not be treated as Collections on Transferred Receivables and shall not be subject to the provisions of Section 2.11.

Appears in 2 contracts

Samples: Servicing Agreement (CDF Funding, Inc.), Servicing Agreement (CDF Funding, Inc.)

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Unrelated Amounts. If Master Servicer determines that amounts which are not property of Owner (“Unrelated Amounts”) have been deposited in the Collection Account, then Master Servicer shall provide evidence thereof to Owner no later than the first Business Day following the day on which Master Servicer had actual knowledge thereof. Upon receipt of any such notice, Master Servicer shall withdraw the Unrelated Amounts from the Collection Account, and the same shall not be treated as Collections on Transferred Receivables and shall not be subject to the provisions of Section 2.11.. 14 Second Amended and Restated Servicing Agreement

Appears in 1 contract

Samples: Servicing Agreement (CDF Funding, Inc.)

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