Common use of Certain Other Payments Clause in Contracts

Certain Other Payments. After giving credit for all prepayments on account thereof pursuant to CLAUSE (E) below, each Group IV Lessee shall direct all Repurchase Prices and Disposition Proceeds payable in respect of Group IV Acquired Vehicles to be deposited directly to the Master Collateral Account for the benefit of the Trustee. The Servicer and each Group IV Lessee agree that in the event that the Servicer or any such Group IV Lessee shall receive directly any such payment, including cash, securities, obligations or other property, the Servicer or Group IV Lessee, as the case may be, shall accept the same as the agent of the Master Collateral Agent and shall hold the same in trust on behalf of and for the benefit of the Master Collateral Agent, and shall deposit the same, by the date required for such deposit in Section 24.10 of the Base Lease, into the Master Collateral Account in the same form received, with the endorsement of the Servicer or Group IV Lessee, as the case may be, when necessary or appropriate.

Certain Other Payments. After giving credit for all prepayments on account thereof pursuant to CLAUSE (Ee) below, each Group IV Lessee shall direct all Repurchase Prices and Disposition Proceeds payable in respect of Group IV Acquired Vehicles to be deposited directly to the Master Collateral Account for the benefit of the Trustee. The Servicer and each Group IV Lessee agree that in the event that the Servicer or any such Group IV Lessee shall receive directly any such payment, including cash, securities, obligations or other property, the Servicer or Group IV Lessee, as the case may be, shall accept the same as the agent of the Master Collateral Agent and shall hold the same in trust on behalf of and for the benefit of the Master Collateral Agent, and shall deposit the same, by the date required for such deposit in Section 24.10 of the Base Lease, into the Master Collateral Account in the same form received, with the endorsement of the Servicer or Group IV Lessee, as the case may be, when necessary or appropriate.