Post Office Box. All payments and other proceeds of any type and from any source on or with respect to the Receivables that are delivered to a Post Office Box shall be the property of the Issuer, subject to the Lien of the Indenture and the rights of the Indenture Trustee thereunder. On each Business Day, Citibank N.A., as the remittance processor, will transfer any such payments received by it to the Local Remittance Account.
Appears in 1 contract
Sources: Sale and Servicing Agreement (Hyundai Abs Funding Corp)
Post Office Box. All payments and other proceeds of any --------------- type and from any source on or with respect to the Receivables that are delivered to a Post Office Box shall be the property of the IssuerTrust, subject to the Lien of the Indenture and the rights of the Indenture Trustee thereunder. On each Business Day, Citibank N.A., as the remittance processor, will transfer any such payments received by it to the Local Remittance AccountAccount or to such other account as directed by the Note Insurer pursuant to Section 5.02(a).
Appears in 1 contract
Sources: Sale and Servicing Agreement (SSB Vehicle Securities Inc)