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.

“Collections” means all collections, wire transfers, electronic funds transfers and other cash proceeds of Accounts.

"Principal Collections" means with respect to any date of determination, all amounts received by the Borrower during the related Remittance Period that do not constitute Interest Collections and any other amounts that have been designated as Principal Collections pursuant to the terms of this Agreement; provided that Excluded Amounts shall not constitute Principal Collections.

“Deemed Collections” means any Collections on any Receivable deemed to have been received pursuant to [Section 2.6].

“Post Charge Off Collections” means, with respect to any Receivable that became a Charged Off Receivable # prior to the date the related Financed Vehicle was repossessed, Collections and # after the date the related Financed Vehicle was repossessed, Collections less all related Net Liquidation Proceeds.

Section #. Deemed Collections

SECTION #COLLECTIONS; INCOME PAYMENTS

12.10Remittance of Payments and Collections.

the failure of the Borrower to remit to the Servicer Collections remitted to the Borrower in accordance with the terms hereof or the commingling by the Borrower of any Collections with other funds;

collections upon an Event of Default.