Common use of Distribution and Application of Collections Clause in Contracts

Distribution and Application of Collections. The Servicer shall set aside for the account of the Borrower and the Lender Collections of Receivables in accordance with Section 2.05 and 6.

Appears in 1 contract

Sources: Receivables Loan and Security Agreement (Equivest Finance Inc)

Distribution and Application of Collections. The Servicer shall set aside for the account of the Borrower Seller and the Lender Purchaser Collections of Receivables in accordance with Section 2.05 and 6.

Appears in 1 contract

Sources: Receivables Loan and Security Agreement (Equivest Finance Inc)