Common use of Treatment of Collections and Deemed Collections Clause in Contracts

Treatment of Collections and Deemed Collections. The Seller shall forthwith deliver to the Master Servicer all Deemed Collections, and the Master Servicer shall hold or distribute such Deemed Collections as Earned Discount, accrued Servicer's Fee, repayment of Invested Amount, and to other accrued amounts owing hereunder to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master Servicer. If Collections are then being paid to the Administrator, on the Purchaser's behalf, or its designee, or to lock boxes or accounts directly or indirectly owned or controlled by the Administrator, the Master Servicer shall forthwith cause such Deemed Collections to be paid to the Administrator, on the Purchaser's behalf, or its designee or to such lock boxes or accounts, as applicable, or as the Administrator shall request. So long as the Seller

Treatment of Collections and Deemed Collections. The Seller Transferor shall forthwith deliver to the Master Servicer all Deemed Collections, and the Master Servicer shall hold or distribute such Deemed Collections as CP Costs, Earned Discount, accrued Servicer's Fee, repayment of Invested AmountTransferee's Total Investment, and to other accrued amounts owing hereunder to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master Servicer. If Collections are then being paid to the Administrator, on the PurchaserTransferee's behalf, or its designee, or to lock lock-boxes or accounts directly or indirectly owned or controlled by the Administrator, the Master Servicer shall forthwith cause such Deemed Collections to be paid to the Administrator, on the PurchaserTransferee's behalf, or its designee or to such lock lock-boxes or accounts, as applicable, or as the Administrator shall request. So long as Transferor shall hold any Collections (including Deemed Collections) required to be paid to Servicer or the SellerAdministrator, it shall segregate such Collections and hold such Collections in trust and shall clearly mark its records to reflect such trust.