Allocation and Application of Funds. The Servicer shall direct the Trustee in writing (which may be given in the form of the Daily Reports and the Monthly Settlement Statements) to apply all Collections with respect to the Receivables as described in this Article III and in the Supplement with respect to each Outstanding Series. The Servicer shall direct the Trustee in writing to pay Collections to the holder of the Exchangeable Company Interest to the extent such Collections are allocated to the Exchangeable Company Interest under subsection 3.01(f) and as otherwise provided in Article III. Unless otherwise provided in one or more Supplement, if the Trustee receives any Daily Report at or before 1:00 p.m., New York City time, on any Business Day, the Trustee shall make any applications of funds required thereby on the same Business Day and otherwise on the next succeeding Business Day. THE REMAINDER OF ARTICLE III SHALL BE SPECIFIED IN THE SUPPLEMENT WITH RESPECT TO EACH SERIES. SUCH REMAINDER SHALL BE APPLICABLE ONLY TO THE SERIES RELATING TO THE SUPPLEMENT IN WHICH SUCH REMAINDER APPEARS.
Allocation and Application of Funds. Pursuant to Section 3.04, the ----------------------------------- ------------ Servicer shall direct the Trustee in writing to apply all Collections with respect to the Receivables as described in this Article IV and in the Supplement ---------- with respect to each outstanding Series. The Servicer shall direct the Trustee in writing to pay Collections to the Transferor to the extent such Collections are transferred to the Transferor Collection Subaccount and as otherwise provided in Article IV. Notwithstanding anything in this Agreement or any ---------- Supplement to the contrary, to the extent that the Trustee receives any Daily Report prior to 12:00 noon, New York City time, on any Business Day, the Trustee shall make any applications of funds required thereby on the same Business Day and otherwise on the next succeeding Business Day.
Allocation and Application of Funds. The Servicer shall direct the Trustee in writing in a timely manner to apply all Collections with respect to the Receivables as described in this Article III and in the Supplement with respect to each Outstanding Series. The Servicer shall direct the Trustee in writing to pay Collections to the owner of the Exchangeable Company Interest to the extent such Collections are allocated to the Exchangeable Company Interest under subsection 3.1(f) and as otherwise provided in this Article III. Notwithstanding anything in this Agreement, any Supplement or any other Transaction Document to the contrary, to the extent that the Trustee receives any Required Report and immediately available funds prior to 2:00 p.m., New York City time, on any Business Day, the Trustee shall make any applications of funds required thereby on the same Business Day and otherwise on the next succeeding Business Day.
Allocation and Application of Funds. The Master ----------------------------------- Servicer shall direct the Trustee in writing (which may be given in the form of the Daily Reports and the Monthly Settlement Reports) to apply all amounts computed by reference to Aggregate Daily Collections with respect to the Receivables as described in this Article III and in the Supplement with respect ----------- to each Outstanding Series. The Master Servicer shall direct the Trustee in writing to pay such collections and other amounts to the holder of the Exchangeable Company Interest to the extent such amounts are allocated to the Exchangeable Company Interest under subsection 3.01(f) and as otherwise provided ------------------ in Article III if and to the extent that such amounts represent amounts ----------- transferred to a Company Receipts Account pursuant to subsection 3.01(d)(vi) or ---------------------- (as the case maybe) subsection 3.01(d)(vii) such amounts shall be paid to the ----------------------- holder of the Exchangeable Company Interests by way of consideration for the grant of the Participation pursuant to Section 2.01. Unless otherwise provided ------------ in one or more Supplements, if the Trustee receives any Daily Report at or before 12:30 p.m. London time, on any Business Day, the Trustee shall make any applications of funds required thereby on the same Business Day, but in any event no later than 2:30 p.m. London time and otherwise on the next succeeding Business Day. THE REMAINDER OF ARTICLE III SHALL BE SPECIFIED IN THE SUPPLEMENT WITH RESPECT TO EACH SERIES. SUCH REMAINDER SHALL BE APPLICABLE ONLY TO THE SERIES RELATING TO THE SUPPLEMENT IN WHICH SUCH REMAINDER APPEARS.
Allocation and Application of Funds. Notwithstanding anything to the contrary in any other agreement to which any Secured Party is a party, all proceeds in respect to any sale or disposition, any collection from, or other realization upon all or any part of the Collateral (all such payments being referred to herein as "Collateral Payments"): (i) received by Collateral Agent pursuant to the Collateral Documents and (ii) received by Convertible Note Agent pursuant to the Convertible Note Collateral Documents shall, to the extent available for distribution at any time (it being understood that the Collateral Agent may liquidate investments prior to maturity in order to make a distribution pursuant to this Section 3), be applied in full or in part against the Secured Obligations in the following order of priority: First: until the payment in full of all Credit Agreement Obligations to the Collateral Agent, to be applied in accordance with the terms and provisions of the Collateral Documents;
Allocation and Application of Funds. The Servicer shall direct the Trustee in writing (which may be given in the form of the Monthly Settlement Statements or the Daily Reports) to apply all Collections with respect to the Purchased Loans as described in this Article III and in the Supplement with respect to each Outstanding Series. The Servicer shall direct the Trustee in writing to pay Collections to the holder of the Exchangeable Company Interest to the extent such Collections are allocated to the Exchangeable Company Interest under SUBSECTION 3.01(F) and as otherwise provided in Article III. Unless otherwise provided in one or more Supplements, if the Trustee receives any Monthly Settlement Statement or Daily Report at or before 12:00 (Noon), New York City time, on any Business Day, the Trustee shall make any applications of funds required thereby on the same Business Day and otherwise on the next succeeding Business Day. THE REMAINDER OF ARTICLE III SHALL BE SPECIFIED IN THE SUPPLEMENT WITH RESPECT TO EACH SERIES. SUCH REMAINDER SHALL BE APPLICABLE ONLY TO THE SERIES RELATING TO THE SUPPLEMENT IN WHICH SUCH REMAINDER APPEARS.
Allocation and Application of Funds. The Master Servicer shall direct the Trustee in writing (which may be given in the form of the Daily Reports and the Monthly Settlement Reports) to apply all amounts computed by reference to Aggregate Daily Collections with respect to the Receivables as described in this Article III and in the Supplement with respect to each Outstanding Series. The Master Servicer shall direct the Trustee in writing to pay such collections and other amounts to the holder of the Exchangeable Company Interest to the extent such amounts are allocated to the Exchangeable Company Interest under Section 3.01(h) and as otherwise provided in Article III if and to the extent that such amounts represent amounts transferred to a Company Receipts Account pursuant to Section 3.01(f)(vi) or (as the case may be) Section 3.01(f)(vii) such amounts shall be paid to the holder of the Exchangeable Company Interests by way of consideration for the grant of the Participation pursuant to Section 2.01(a). Unless otherwise provided in one or more Supplements, if the Trustee receives any Daily Report at or before 12:30 p.m. London time, on any Business Day, the Trustee shall make any applications of funds required thereby on the same Business Day, but in any event no later than 2:30 p.m. London time and otherwise on the next succeeding Business Day.
Allocation and Application of Funds. The Servicer shall in a timely manner direct the Trustee in writing (which shall be given in the form of the Daily Report and Monthly Settlement Statement) to apply all Collections with respect to the Receivables in accordance with this Article III and in the Supplement with respect to each Outstanding Series. The Servicer shall direct the Trustee in writing to pay Collections to the owner of the 50 Exchangeable Company Interest to the extent such Collections are allocated to the Exchangeable Company Interest under subsection 3.1(f) and as otherwise provided in Article III. Notwithstanding anything in this Agreement, any Supplement or any other Transaction Document to the contrary, to the extent that the Trustee receives any Daily Report prior to 2:00 p.m., New York City time, on any Business Day, the Trustee shall make any applications of funds required thereby on the same Business Day and otherwise on the next succeeding Business Day.
Allocation and Application of Funds. The Servicer shall apply all Collections with respect to the Receivables as described in this Article III and in the Supplement with respect to each Outstanding Series. The Servicer shall pay Collections to the owner of the Exchangeable Company Interest to the extent such Collections are allocated to the Exchangeable Company Interest under Section 3.1(f) and as otherwise provided in this Article III. Notwithstanding anything in this Agreement, any Supplement or any other Transaction Document to the contrary, to the extent that the Servicer receives any Required Report and immediately available funds prior to 2:00 p.m., Chicago time, on any Business Day, the Servicer shall make any applications of funds required thereby on the same Business Day and otherwise on the next succeeding Business Day. THE REMAINDER OF ARTICLE III SHALL BE SPECIFIED IN THE SUPPLEMENT WITH RESPECT TO EACH SERIES. SUCH REMAINDER SHALL BE APPLICABLE ONLY TO THE SERIES RELATING TO THE SUPPLEMENT IN WHICH SUCH REMAINDER APPEARS.
Allocation and Application of Funds. The Servicer shall direct the Trustee in writing (which may be given in the form of the Monthly Settlement Statements or the Daily Reports) to apply all Collections with respect to the Purchased Loans as described in this Article III and in the Supplement with respect to each Outstanding Series. The Servicer shall direct the Trustee in writing to pay Collections to the holder of the Exchangeable Company Interest to the extent such Collections are allocated to the Exchangeable Company Interest under subsection 3.01(f) and as otherwise provided in Article III. Unless otherwise provided in one or more Supplements, if the Trustee receives any Monthly Settlement Statement or Daily Report at or before 12:00 (Noon), New York City time, on any Business Day, the Trustee shall make any applications of funds required thereby on the same Business Day and otherwise on the next succeeding Business Day.
