Additional Deposits and Payments. (a) The Servicer shall deposit (or cause to be deposited) into the Collection Account the Actual Loss Amount with respect to each Indemnified Receivable, in immediately available funds, within five (5) Business Days after the applicable Loss Calculation Date with respect to such Indemnified Receivable. (b) The Servicer will deposit into the Collection Account all amounts, if any, to be paid under Section 6.1. All such deposits with respect to any such date which is a Distribution Date will be made, in immediately available funds by the close of business on the Business Day prior to such Distribution Date related to such Collection Period.
Appears in 32 contracts
Sources: Servicing Agreement (Carvana Auto Receivables Trust 2025-P1), Servicing Agreement (Carvana Auto Receivables Trust 2025-P1), Servicing Agreement (Carvana Receivables Depositor LLC)
Additional Deposits and Payments. (a) The Servicer shall deposit (or cause to be deposited) into the Collection Account the Actual Loss Amount with respect to each Indemnified Receivable, in immediately available funds, within five (5) Business Days after the applicable Actual Loss Calculation Date with respect to such Indemnified Receivable.
(b) The Servicer will deposit into the Collection Account all amounts, if any, to be paid under Section 6.1. All such deposits with respect to any such date which is a Distribution Date will be made, in immediately available funds by the close of business on the Business Day prior to such Distribution Date related to such Collection Period.
Appears in 2 contracts
Sources: Servicing Agreement (Carvana Auto Receivables Trust 2025-P2), Servicing Agreement (Carvana Auto Receivables Trust 2025-P2)
Additional Deposits and Payments. (a) The Servicer shall deposit (or cause to be deposited) into the Collection Account the Actual Loss Amount with respect to each Indemnified Receivable, in immediately available funds, within five (5) Business Days after the applicable Loss Calculation Date with respect to such Indemnified Receivable.
(b) The Servicer will deposit into the Collection Account all amounts, if any, to be paid under Section 6.1. All such deposits with respect to any such date which is a Distribution Date will be made, in immediately available funds by the close of business on the Business Day prior to such Distribution Date related to such Collection Period.. 13 CRVNA 2020-P1 Servicing Agreement
Appears in 2 contracts
Sources: Servicing Agreement (Carvana Auto Receivables Trust 2020-P1), Servicing Agreement (Carvana Auto Receivables Trust 2020-P1)