Common use of Deposits Into Accounts Clause in Contracts

Deposits Into Accounts. Subject to Section 5.14 hereof: (a) The Contractor shall require each Servicer to post to each related Borrower's account all payments of principal, interest and other charges with respect to the Borrower's Financed Student Loan. The Contractor shall require each Servicer to remit to the Contractor or to deposit directly into the Revenue Fund as and when required by the Indenture all amounts received by the Servicer with respect to the Financed Student loan, including, without limitation, amounts constituting: (i) all identifiable payments, including, without limitation, any Guarantee Payments with respect to the Financed Student Loans; (ii) all liquidation proceeds on the Financed Student Loans; (iii) with respect to Financed Student Loans repurchased from the Trust, all aggregate purchase amounts; and (iv) all other amounts required to be deposited by the Servicer pursuant to the terms of the related Servicing Agreement or the Indenture.

Deposits Into Accounts. Subject to Section 5.14 hereof: (a) The Contractor shall require each Servicer to post to each related Borrower's ’s account all payments of principal, interest and other charges with respect to the Borrower's ’s Financed Student Loan. The Contractor shall require each Servicer to remit to the Contractor or to deposit directly into the Revenue Fund as and when required by the Indenture all amounts received by the Servicer with respect to the Financed Student loan, including, without limitation, amounts constituting: (i) all identifiable payments, including, without limitation, any Guarantee Payments with respect to the Financed Student Loans; (ii) all liquidation proceeds on the Financed Student Loans; (iii) with respect to Financed Student Loans repurchased from the Trust, all aggregate purchase amounts; and (iv) all other amounts required to be deposited by the Servicer pursuant to the terms of the related Servicing Agreement or the Indenture.