Common use of Transfers Between Accounts Clause in Contracts

Transfers Between Accounts. So long as no Servicer Default is continuing, the Servicer is hereby expressly authorized and empowered to direct the Indenture Trustee to transfer funds between the Collection Accounts to the extent of funds deposited in such accounts in error and such direction shall be accompanied by appropriate documentation in form and substance satisfactory to the Indenture Trustee.

Appears in 3 contracts

Sources: Pooling and Servicing Agreement (Alliance Laundry Systems LLC), Pooling and Servicing Agreement (Alliance Laundry Systems LLC), Pooling and Servicing Agreement (Alliance Laundry Corp)