Common use of Pre-Closing Collections Clause in Contracts

Pre-Closing Collections. Within two Business Days after the Closing Date, GMAC shall transfer to the account or accounts designated by ▇▇▇▇ (or by the Issuer under the Further Transfer and Servicing Agreements) all collections on the Receivables held by GMAC on the Closing Date and conveyed to ▇▇▇▇ pursuant to Section 2.01; provided that so long as the Monthly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Appears in 3 contracts

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Inc), Pooling and Servicing Agreement (Capital Auto Receivables Inc), Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Pre-Closing Collections. Within two (2) Business Days after the Closing Date, Date GMAC shall transfer to the account or accounts designated by C▇▇▇ (or by the Issuer Issuing Entity under the Further Transfer and Servicing Agreements) all collections on the Receivables held by GMAC on the Closing Date Date, and conveyed to C▇▇▇ pursuant to Section 2.01; provided that so long as the Monthly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Capital Auto Receivables LLC), Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2007-1)

Pre-Closing Collections. Within two Business Days after the Closing Dateclosing hereunder, GMAC shall transfer to the account or accounts designated by ▇▇▇▇ CARI (or by the Issuer under the Further Transfer and Servicing AgreementsAgr▇▇▇▇nts) all collections on the Receivables held by GMAC on at the Closing Date time of such closing and conveyed to ▇▇▇▇ CARI pursuant to Section 2.012.01(a); provided that so long as the Monthly ▇▇▇▇hly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Inc), Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Pre-Closing Collections. Within two Business Days after the Closing Dateclosing hereunder, GMAC shall transfer to the account or accounts designated by ▇▇▇▇ CARI (or by the Issuer under the Further Transfer and Servicing AgreementsAgre▇▇▇▇ts) all collections on the Receivables held by GMAC on at the Closing Date time of such closing and conveyed to ▇▇▇▇ CARI pursuant to Section 2.012.01(a); provided that so long as the Monthly M▇▇▇▇ly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Inc), Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Pre-Closing Collections. Within two (2) Business Days after the Initial Closing Date and each Subsequent Closing Date, GMAC shall transfer to the account or accounts designated by ▇▇▇▇ (or by the Issuer under the Further Transfer and Servicing Agreements) all collections on the Receivables held by GMAC on the Initial Closing Date or Subsequent Closing Date, as applicable, and conveyed to ▇▇▇▇ pursuant to Section 2.01; provided that so long as the Monthly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2004-2)

Pre-Closing Collections. Within two Business Days after the Initial Closing Date and each Additional Closing Date, GMAC shall transfer to the account or accounts designated by ▇▇▇▇ (or by the Issuer under the Further Transfer and Servicing Agreements) all collections on the Receivables held by GMAC on the Initial Closing Date or Additional Closing Date, as applicable, and conveyed to ▇▇▇▇ pursuant to Section 2.01; provided that so long as the Monthly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Pre-Closing Collections. Within two Business Days after the Closing Dateclosing hereunder, GMAC shall transfer to the account or accounts designated by ▇▇▇▇ CARI (or by the Issuer under the Further Transfer and Servicing AgreementsAgr▇▇▇▇nts) all collections on the Receivables held by GMAC on at the Closing Date time of such closing and conveyed to ▇▇▇▇ CARI pursuant to Section 2.012.01(a); provided that so long as the Monthly M▇▇▇▇ly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Pre-Closing Collections. Within two (2) Business Days after the Closing Date, Date GMAC shall transfer to the account or accounts designated by C▇▇▇ (or by the Issuer under the Further Transfer and Servicing Agreements) all collections on the Receivables held by GMAC on the Closing Date Date, and conveyed to C▇▇▇ pursuant to Section 2.01; provided that so long as the Monthly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Asset Trust 2006-1)

Pre-Closing Collections. Within two Business Days after the Initial Closing Date and each Additional Closing Date, GMAC shall transfer to the account or accounts designated by ▇▇▇▇ CARI (or by the Issuer under the Further Transfer and Servicing AgreementsAgree▇▇▇▇s) all collections on the Receivables held by GMAC on the Initial Closing Date or Additional Closing Date, as applicable, and conveyed to ▇▇▇▇ CARI pursuant to Section 2.01; provided that so long as the Monthly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Pre-Closing Collections. Within two Business Days after the Closing Dateclosing hereunder, GMAC shall transfer to the account or accounts designated by ▇▇▇▇ CARI (or by the Issuer under the Further Transfer and Servicing AgreementsAgre▇▇▇▇ts) all collections on the Receivables held by GMAC on at the Closing Date time of such closing and conveyed to ▇▇▇▇ CARI pursuant to Section 2.01SECTION 2.01(A); provided that so long as the Monthly M▇▇▇▇ly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Pre-Closing Collections. Within two Business Days after the Closing Dateclosing hereunder, GMAC shall transfer to the account or accounts designated by ▇▇▇▇ (or by the Issuer under the Further Transfer and Servicing Agreements) all collections on the Receivables held by GMAC on at the Closing Date time of such closing and conveyed to ▇▇▇▇ pursuant to Section 2.012.01(a); provided that so long as the Monthly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Pre-Closing Collections. Within two Business Days after the Closing Date, GMAC shall transfer to the account or accounts designated by ▇▇▇▇ CARI (or by the Issuer under the Further Transfer and Servicing AgreementsAgree▇▇▇▇s) all collections on the Receivables held by GMAC on the Closing Date and conveyed to ▇▇▇▇ CARI pursuant to Section 2.01; provided that so long as the Monthly Remittance R▇▇▇▇tance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Pre-Closing Collections. Within two Business Days after the Closing Dateclosing hereunder, GMAC shall transfer to the account or accounts designated by ▇▇CARI (▇▇ (or by the Issuer under the Further Transfer and Servicing Agreements) all collections on the Receivables held by GMAC on at the Closing Date time of such closing and conveyed to CARI ▇▇▇▇ pursuant suant to Section 2.012.01(a); provided that so long as the Monthly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Pre-Closing Collections. Within two Business Days after the Initial Closing Date and each Additional Closing Date, GMAC shall transfer to the account or accounts designated by ▇▇▇▇ (or by the Issuer under the Further Second Step Transfer and Servicing Agreements) all collections on the Receivables held by GMAC on the Initial Closing Date or Additional Closing Date, as applicable, and conveyed to ▇▇▇▇ pursuant to Section 2.01; provided that so long as the Monthly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Pre-Closing Collections. Within two (2) Business Days after the Closing Date, Date GMAC shall transfer to the account or accounts designated by ▇▇▇▇ (or by the Issuer under the Further Transfer and Servicing Agreements) all collections on the Receivables held by GMAC on the Closing Date Date, and conveyed to ▇▇▇▇ pursuant to Section 2.01; provided that so long as the Monthly Remittance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Inc)

Pre-Closing Collections. Within two Business Days after the Closing Date, GMAC shall transfer to the account or accounts designated by ▇▇▇▇ CARI (or by the Issuer under the Further Transfer and Servicing AgreementsAgre▇▇▇▇ts) all collections on the Receivables held by GMAC on the Closing Date and conveyed to ▇▇▇▇ CARI pursuant to Section 2.01; provided that so long as the Monthly Remittance ▇▇▇▇ttance Conditions are satisfied, such collections need not be transferred until the first Distribution Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Capital Auto Receivables Inc)