Common use of Remittance of Collections Clause in Contracts

Remittance of Collections. The Servicer shall deposit or cause to be deposited all Collections to the Collection Account no later than the second (2nd) Business Day following the date of receipt of such Collections, whether such Collections were received centrally, at a local branch or otherwise.

Remittance of Collections. The Servicer shall deposit or cause to be deposited all Collections to the Collection Account no later than the second (2nd) Business Day following the date of receipt of such Collections, whether such Collections were received centrally, at a local branch or otherwise.. (iii)