Allocation of Write-Offs and Dilution. In each Monthly Report relating to a Series that is in an Early Amortization Period, Servicer shall calculate the amount of (i) Write-Offs (net of Recoveries) and (ii) Dilutions as to which no settlement payment has been made pursuant to Section 3.3 of the Purchase Agreement, in each case during the related Calculation Period (or the portion of that Calculation Period falling in the Early Amortization Period) and shall allocate to such Series a portion of the amounts referred to in clauses (i) and (ii) equal to the product of each such amount and the related Series Loss Allocation Percentage.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (International Comfort Products Corp), Pooling and Servicing Agreement (International Comfort Products Corp)
Allocation of Write-Offs and Dilution. In each Monthly Report relating to a Series or Purchased Interest that is in an Early Amortization Period, Servicer shall calculate the amount of (i) Write-Offs (net of Recoveries) and (ii) Dilutions as to which no settlement payment has been made pursuant to Section 3.3 3.1 and 3.5 of the Purchase Agreement, in each case during the related Calculation Period (or the portion of that Calculation Period falling in the Early Amortization Period) and shall allocate to such Series or Purchased Interest a portion of the amounts referred to in clauses (i) and (ii) equal to the product of each such amount and the related Series Loss Allocation Percentage.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ameriserve Food Distribution Inc /De/)
Allocation of Write-Offs and Dilution. In each Monthly Report relating to a Series or Purchased Interest that is in an Early Amortization Period, Servicer shall calculate the amount of (i) Write-Offs (net of Recoveries) and (ii) Dilutions as to which no settlement payment has been made pursuant to Section 3.3 of the Purchase Agreement, in each case during the related Calculation Period (or the portion of that Calculation Period falling in the Early Amortization Period) and shall allocate to such Series or Purchased Interest a portion of the amounts referred to in clauses (i) and (ii) equal to the product of each such amount and the related Series Loss Allocation Percentage.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Big Flower Press Holdings Inc)
