Allocation of Trust's Share of Collections Before the Termination Date. The Trust hereby authorizes and directs the Servicer, on each Business Day which is prior to the occurrence of the Termination Date, to allocate from the Trust's Share of Collections for such day and from amounts available in the Cash Reserve Account pursuant to Section 2.14, the following amounts in the following order of priority:
Appears in 5 contracts
Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (KAR Auction Services, Inc.)
Allocation of Trust's Share of Collections Before the Termination Date. The Trust hereby authorizes and directs the Servicer, on each Business Day which is prior to the occurrence of the Termination Date, to allocate from the Trust's ’s Share of Collections for such day and from amounts available in the Cash Reserve Account pursuant to Section 2.14, the following amounts in the following order of priority:
Appears in 4 contracts
Samples: Note and Security Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (KAR Auction Services, Inc.)
Allocation of Trust's Share of Collections Before the Termination Date. The Trust hereby authorizes and directs the Servicer, on each Business Day which is prior to the occurrence of the Termination Date, to allocate from the Trust's ’s Share of Collections for such day and from amounts available in the Cash Reserve Account pursuant to Section 2.142.13, the following amounts in the following order of priority:
Appears in 1 contract
Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.)
