Common use of Delivery of Payments Clause in Contracts

Delivery of Payments. The RPA Seller agrees to deliver in kind upon receipt to the Servicer under the Sale and Servicing Agreement (if other than the RPA Seller) all payments received by the RPA Seller in respect of the Receivables as soon as practicable after receipt thereof by the RPA Seller.

Appears in 52 contracts

Sources: Receivables Purchase Agreement (Honda Auto Receivables 2022-2 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2022-1 Owner Trust), Receivables Purchase Agreement (American Honda Receivables LLC)

Delivery of Payments. The RPA Seller S▇▇▇▇▇ agrees to deliver in kind upon receipt to the Servicer under the Sale and Servicing Agreement (if other than the RPA Seller) all payments received by the RPA Seller in respect of the Receivables as soon as practicable after receipt thereof by the RPA Seller.

Appears in 21 contracts

Sources: Receivables Purchase Agreement (Honda Auto Receivables 2025-3 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2025-3 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2025-2 Owner Trust)

Delivery of Payments. The RPA Seller ▇▇▇▇▇▇ agrees to deliver in kind upon receipt to the Servicer under the Sale and Servicing Agreement (if other than the RPA Seller) all payments received by the RPA Seller in respect of the Receivables as soon as practicable after receipt thereof by the RPA Seller.

Appears in 3 contracts

Sources: Receivables Purchase Agreement (Honda Auto Receivables 2023-4 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2023-4 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2021-4 Owner Trust)