Collections Received. CAC shall hold in trust, and deposit to the Collection Account, not later than the close of business on the second Business Day following the Date of receipt, all Collections received from time to time by CAC or the Servicer.
Appears in 12 contracts
Sources: Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp)
Collections Received. CAC shall hold in trust, and deposit to the Collection Account, not later than the close of business on the second Business Day following the Date date of receipt, all Collections received from time to time by CAC (as Servicer or the Servicerotherwise).
Appears in 2 contracts
Sources: Sale and Contribution Agreement (Credit Acceptance Corp), Contribution Agreement (Credit Acceptance Corp)
Collections Received. CAC shall hold in trust, and deposit to the Collection Account, not later than the close of business on the second Business Day following the Date of receipt, all Collections received from time to time by CAC (as Servicer or the Servicerotherwise).
Appears in 2 contracts
Sources: Contribution Agreement, Contribution Agreement (Credit Acceptance Corp)
Collections Received. CAC shall hold in trust, and deposit to the Collection Account, not later than the close of business on the second Business Day following the Date date of receipt, all Collections received from time to time by CAC or the Servicer.
Appears in 1 contract
Sources: Sale and Contribution Agreement (Credit Acceptance Corp)
Collections Received. CAC and the Servicer shall hold in trust, and deposit to the Collection Account, not later than the close of business on the second Business Day following the Date of receipt, all Collections received from time to time by CAC or the Servicer.
Appears in 1 contract
Sources: Contribution Agreement (Credit Acceptance Corporation)