Additional Withdrawals from the Collection Account. On or before the Determination Date with respect to any Monthly Period, the Servicer shall determine the amounts payable to each Account Owner with respect to such Monthly Period under the applicable Receivables Purchase Agreement in respect of amounts on deposit in the Collection Account that were not transferred to the Trust hereunder, and the Servicer shall withdraw such amounts from the Collection Account and pay such amount to the applicable Account Owner.
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Partners First Receivables Funding Corp), Pooling and Servicing Agreement (Credit Card Receivables Funding Corp), Pooling and Servicing Agreement (Partners First Receivables Funding Corp)
Additional Withdrawals from the Collection Account. On or before the Determination Date with respect to any Monthly Period, the Servicer shall determine the amounts payable to each any Account Owner with respect to such Monthly Period under the applicable Receivables Purchase Agreement in respect of amounts on deposit in the Collection Account that were not transferred to the Trust hereunder, and the Servicer shall withdraw such amounts from the Collection Account and pay such amount to the applicable such Account Owner.. [END OF ARTICLE IV]
Appears in 1 contract
Samples: Pooling and Servicing Agreement (At&t Universal Funding Corp)
Additional Withdrawals from the Collection Account. On or before the Determination Date with respect to any Monthly Period, the Servicer shall determine the amounts payable to each Account Owner with respect to such Monthly Period amount of any unpaid purchase price owing by the Transferor under the applicable any Receivables Purchase Agreement to which it is a party in respect of amounts on deposit in the Collection Account that were not transferred to the Trust Issuer hereunder, and the Servicer shall instruct the Indenture Trustee to withdraw such amounts from the Collection Account and pay such amount to the seller under the applicable Account OwnerReceivables Purchase Agreement.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Compucredit Corp)
Additional Withdrawals from the Collection Account. On -------------------------------------------------- or before the Determination Date with respect to any Monthly Period, the Servicer shall determine the amounts payable to each Account Owner with respect to such Monthly Period under the applicable Receivables Purchase Agreement in respect of amounts on deposit in the Collection Account that were not transferred to the Trust hereunder, and the Servicer shall withdraw such amounts from the Collection Account and pay such amount to the applicable Account Owner.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First National Bank of Atlanta)
