Each of the Servicer, each Subservicer and the Borrower shall deposit, or cause to be deposited, Collections into the Collection Account as promptly as possible after the date of processing of such Collections, but in no event later than the second (2nd) Business Day following the date of processing of such Collections by the applicable Subservicer or, if such Collections were received directly by the Servicer, the Servicer; provided, that, such “processing” of any Collections will not begin prior to the date on which the Servicer or related Subservicer, as applicable, has received such Collections.

EachDeposit of Collections. Except as otherwise provided in [Section 7.03(c)(ii)], the Servicer, each Subservicer and the BorrowerServicer shall deposit,deposit or cause to be deposited,deposited by electronic funds transfer all Collections intoto the Collection Account as promptly as possible after the date of processing of such Collections,Collections but in no event later than the second (2nd) Business Day following the date of processing of such Collections by the applicable Subservicer or,Subservicer, or if such Collections were received directly by the Servicer, the Servicer; provided, that, such “processing” of any Collections will not begin prior to the date on which the Servicer or the related Subservicer, as applicable, has received such Collections.

EachDelivery of the Servicer, each Subservicer and theCollections. The Borrower shall deposit,will deliver or cause to be deposited, Collections intodelivered to the Servicer for further remittance to the Collection Account as promptly as possible after the date of processing of such Collections, but(but in no event later than the second (2nd)one (1) Business Day following the date of processing of suchafter receipt) all Collections received by the applicable Subservicer or, if such Collections were received directly by the Servicer, the Servicer; provided, that, such “processing” of any Collections will not begin prior to the date on which the Servicer or related Subservicer, as applicable, has received such Collections.it.