Common use of Turnover of Collections Clause in Contracts

Turnover of Collections. If the Servicer or any of its agents or representatives at any time receives any cash, checks or other instruments constituting Pool Collections or Fee Collections, such recipient will segregate and hold such payments in trust for, and in a manner acceptable to, the Issuer and will, promptly upon receipt, remit all such cash, checks and instruments, duly endorsed or with duly executed instruments of transfer, to a Lockbox Account or the Collection Account.

Appears in 3 contracts

Sources: Servicing Agreement, Servicing Agreement (Realogy Corp), Servicing Agreement (NRT Settlement Services of Missouri LLC)

Turnover of Collections. If the Servicer Servicer, Transferor or any of its their respective agents or representatives shall at any time receives receive any cash, checks or other instruments payments constituting Pool Collections or Fee Collections, such recipient will shall segregate such payments and hold such payments in trust for, for Trustee and in a manner acceptable to, the Issuer and willshall, promptly upon receipt (and in any event within one Business Day following receipt), remit all such cash, checks and instrumentsother payments, duly endorsed or with duly executed instruments of transfer, if applicable, to a Lockbox Bank Account or the Master Collection Account.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (International Comfort Products Corp), Pooling and Servicing Agreement (International Comfort Products Corp)

Turnover of Collections. If the Servicer or any of its agents or representatives at any time receives any cash, checks or other instruments constituting Pool Collections or Fee Collectionsrelating to any outstanding Investment, such recipient will segregate and hold such payments in trust for, and in a manner acceptable to, the Issuer and will, shall promptly upon receipt, remit all such cash, checks and instruments, duly endorsed or with duly executed instruments of transfer, to a Lockbox Account the Fund or the Collection Accountat its direction (net of applicable commissions).

Appears in 2 contracts

Sources: Servicing Agreement (City National Rochdale Funds), Servicing Agreement (Rochdale Alternative Total Return Fund LLC)

Turnover of Collections. If the Servicer Servicer, Transferor or any of its their respective agents or representatives shall at any time receives receive any cash, checks or other instruments constituting Pool Collections or Fee Collections, such recipient will shall segregate such payments and hold such payments in trust for, for Trustee and in a manner acceptable to, the Issuer and willshall, promptly upon receipt (and in any event within one Business Day following receipt), remit all such cash, checks and instruments, duly endorsed or with duly executed instruments of transfer, to a Lockbox Bank Account or the Master Collection Account.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Ameriserve Food Distribution Inc /De/)

Turnover of Collections. If the Servicer or any of its ------------------------- agents or representatives at any time receives any cash, checks or other instruments constituting Pool Collections or Fee Collections, such recipient will segregate and hold such payments in trust for, and in a manner acceptable to, the Issuer and will, promptly upon receipt (and in any event within one (1) Business Day following receipt, ) remit all such cash, checks and instruments, duly endorsed or with duly executed instruments of transfer, to a Lockbox Account or the Collection Account.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Levi Strauss & Co)

Turnover of Collections. If the Servicer Servicer, Transferor or any of its their respective agents or representatives shall at any time receives receive any cash, checks or other instruments constituting Pool Collections or Fee Collections, such recipient will shall segregate such payments and hold such payments in trust for, for Trustee and in a manner acceptable to, the Issuer and willshall, promptly upon receipt (and in any event within two Business Days following receipt), remit all such cash, checks and instruments, duly endorsed or with duly executed instruments of transfer, to a Lockbox Bank Account or the Master Collection Account.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Big Flower Press Holdings Inc)