Common use of Payments on Receivables, Collection Accounts Clause in Contracts

Payments on Receivables, Collection Accounts. Each Originator will, at all times, instruct all Obligors to deliver payments on the Pool Receivables to a Collection Account or a Lock-Box. Each Originator (or the Master Servicer on its behalf) will at all times maintain such books and records necessary to identify Collections received from time to time on Pool Receivables and to segregate such Collections from property of the Originators. If any payments on the Pool Receivables or other Collections are received by an Originator, the Buyer or the Master Servicer, it shall hold (or cause such Originator, the Buyer or the Master Servicer to hold) such payments in trust for the benefit of the Buyer (and the Administrative Agent, the Purchasers and the other Secured Parties as the Buyer’s assignees) and promptly (but in any event within two (2) Business Days after receipt) remit such funds into a Collection Account. The Originators shall not permit funds other than Collections on Pool Receivables and the Related Rights to be deposited into any Collection Account. If such funds are nevertheless deposited into any Collection Account, the Originators will cause the Master Servicer to, within two (2) Business Days, identify and transfer such funds to the appropriate Person entitled to such funds. The Originators will not, and will not permit any other Person to, commingle Collections or other funds to which the Administrative Agent, any Purchaser or any other Secured Party is entitled, with any other funds. The Originators shall only add (or permit the Master Servicer to add) a Collection Account (or a related Lock-Box) or a Collection Account Bank to those listed in the Receivables Purchase Agreement, if the Administrative Agent has received notice of such addition and an executed and acknowledged copy of a Control Agreement (or an amendment thereto) in form and substance acceptable to the Administrative Agent from the applicable Collection Account Bank. The Originators shall only terminate (or permit the Master Servicer to terminate) or close a Collection Account (or a related Lock-Box) with the prior written consent of the Administrative Agent. The Originators shall ensure that no disbursements are made from any Collection Account, other than such disbursements that are made at the direction and for the account of the Buyer.

Payments on Receivables, Collection Accounts. Each Originator will, at all times, instruct all Obligors to deliver payments on the Pool Receivables to a Collection Account or a Lock-Box. Each Originator (or the Master Servicer on its behalf) will will, at all times times, maintain such books and records necessary to (i) identify Collections received from time to time on Pool Receivables and to (ii) segregate such Collections from other property of the OriginatorsOriginators and any other Person. If any payments on the Pool Receivables or other Collections are received by an Originator, the Buyer such Originator in any manner other than directly in a Collection Account or the Master ServicerLock-Box, it shall hold (or cause such Originator, the Buyer or the Master Servicer to hold) such payments in trust for the benefit of the Buyer (and the Administrative Agent, the Purchasers and the other Secured Parties as the Buyer’s assignees) and promptly (but in any event within two (2) Business Days after receipt) remit such funds into a Collection Account. The Originators Such Originator shall not permit funds other than Collections on Pool Receivables and the Related Rights other Sold Assets and Seller Collateral to be deposited into any Collection Account. If such funds are nevertheless deposited into any Collection Account, such Originator (or the Originators Servicer on its behalf) will cause the Master Servicer to, within two (2) Business Days, Days identify and transfer such funds to the appropriate Person entitled to such funds. The Originators Each Originator will not, and will not permit the Servicer, any other Originator or any other Person to, to commingle Collections or other funds to which the Administrative Agent, any Purchaser or any other Secured Party is entitled, with any other funds. The Originators Each Originator shall only add (or permit the Master Servicer to add) a Collection Account (or a related Lock-Box) or a Collection Account Bank to those listed in the Receivables Purchase Agreement, if the Administrative Agent has received notice of such addition and an executed and acknowledged copy of a an Account Control Agreement (or an amendment thereto) in form and substance reasonably acceptable to the Administrative Agent from the applicable Collection Account Bank. The Originators Each Originator shall only terminate (or permit the Master Servicer to terminate) a Collection Account Bank or close a Collection Account (or a related Lock-Box) ), in each case, with the prior written consent of the Administrative Agent. The Originators shall ensure that no disbursements are made from any Collection Account, other than such disbursements that are made at the direction and for the account of the Buyer.

Payments on Receivables, Collection Accounts. Each The Servicer will, and will cause each Originator willto, at all times, instruct all Obligors to (x) deliver payments on any Government-Pay Health Care Receivables to the Sweep Account of the Originator that originated such Receivable and (y) deliver payments on all other Pool Receivables to a Collection Account or a Lock-Box. Each Originator (or the Master The Servicer on its behalf) will will, at all times times, maintain such books and records necessary to identify Collections received from time to time on Pool Receivables and to segregate such Collections from other property of the Servicer and the Originators. If any payments on the Pool Receivables or other Collections are received by the Borrower, the Servicer or an Originator, the Buyer or the Master Servicer, it shall hold (or cause such Originator, the Buyer or the Master Servicer to hold) such payments in trust for the benefit of the Buyer (and the Administrative Agent, the Purchasers Lenders and the other Secured Parties as the Buyer’s assignees) and promptly (but in any event within two one (21) Business Days Day after receipt) remit such funds into a Collection Account. The Originators Servicer (i) shall not permit funds other than Collections on Pool Receivables and the Related Rights other Collateral to be deposited into any Collection Account and (ii) shall not take any actions that would cause funds other than Government-Pay Health Care Receivables originated by the applicable Originator to be deposited into such Originator’s Sweep Account. If such funds are nevertheless deposited into any Sweep Account or Collection Account, the Originators Servicer will cause the Master Servicer to, within two (2) Business Days, Days identify and transfer such funds to the appropriate Person entitled to such funds. The Originators Servicer will not, and will not permit the Borrower, any Originator or any other Person to, to commingle Collections or other funds to which the Administrative Agent, any Purchaser Lender or any other Secured Party is entitled, with any other funds. The Originators Servicer shall only add (a Sweep Account or permit the Master Servicer to add) a Collection Account (or a related Lock-Box) ), or a Collection Account Bank to those listed in the Receivables Purchase on Schedule II-A to this Agreement, if the Administrative Agent has received notice of such addition and an executed and and, in the case of the addition of a Collection Account (or a related Lock-Box), acknowledged copy of a an Account Control Agreement (or an amendment thereto) in form and substance acceptable to the Administrative Agent from the applicable Collection Account Bank. The Originators Servicer shall only terminate (or permit the Master Servicer to terminate) a Collection Account Bank or close a Sweep Account or Collection Account (or a related Lock-Box) with the prior written consent of the Administrative Agent. The Originators Servicer shall ensure that no disbursements are made from any Collection Account and shall not cause any disbursements to be made from any Sweep Account, other than such disbursements that are made at the direction and for the account of the BuyerBorrower or, with respect to a Collection Account, at the direction of the Borrower.

Payments on Receivables, Collection Accounts. Each Such Originator will, at all times, instruct all Obligors to deliver payments on the Pool Receivables originated by it to a Collection Account or a Lock-Box. Each Such Originator (or the Master Servicer on its behalf) will at all times times, maintain such books and records necessary to identify Collections received from time to time on Pool Receivables and to segregate such Collections from property of the Originatorssuch Originator. If any payments on the Pool Receivables or other Collections are received by an such Originator, the Buyer or the Master Servicer, it shall hold (or cause such Originator, the Buyer or the Master Servicer to hold) such payments in trust for the benefit of the Buyer (and the Administrative Agent, the Purchasers Regions Bank and the other Secured Parties as the Buyer’s assignees) and promptly (but in any event within two one (21) Business Days Day after receipt) remit such funds into a Collection Account. The Originators Such Originator shall not permit funds other than Collections on Pool Receivables and the Related Rights to be deposited into any Collection Account. If such funds are nevertheless deposited into any Collection Account, the Originators such Originator will cause the Master Servicer to, within two (2) Business Days, Days identify and transfer such funds to the appropriate Person entitled to such funds. The Originators Such Originator will not, and will not permit any other Person to, commingle Collections or other funds to which the Administrative Agent, any Purchaser Regions Bank or any other Secured Party is entitled, with any other fundsfunds of such Originator. The Originators Such Originator shall only add (or permit the Master Servicer to add) a Collection Account (or a related Lock-Box) or a Collection Account Bank to those listed in the Receivables Purchase Agreement, if the Administrative Agent Regions Bank has received notice of such addition and an executed and acknowledged copy of a Control Agreement (or an amendment thereto) in form and substance acceptable to the Administrative Agent Regions Bank from the applicable Collection Account Bank. The Originators Such Originator shall only terminate (or permit the Master Servicer to terminate) a Collection Account Bank or close a Collection Account (or a related Lock-Box) with the prior written consent of the Administrative AgentRegions Bank. The Originators Such Originator shall ensure that no not make or authorize any disbursements are made from any Collection Account, other than such disbursements that are made or authorized at the direction and for the account of the BuyerBuyer (or Regions Bank as its assignee).