Allocations and Payments. (a) On each Determination Date, the Servicer shall calculate (i) the amount of funds on deposit in each of the Accounts and the amount of Available Funds, and (ii) as applicable, the Trustee Fee, the Backup Servicing Fee, the Servicing Fee, the Additional Servicing Fee, the Interest Distributable Amount, the Required Reserve Amount, the Reserve Fund Reimbursement Amount, the amount to be paid to Noteholders in respect of principal, and the amount payable by the Note Insurer pursuant to the Policy, which amounts shall be set forth in the Monthly Servicer Report for the related Payment Date. The Servicer shall send the Monthly Servicer Report to the Trustee and the Note Insurer by 11:00 a.m. New York, New York time on each such Determination Date.
(b) On each Payment Date, the Trustee shall make the following payments from the applicable Accounts in the following order of priority and in the amounts set forth in the Monthly Servicer Report for such Payment Date; provided however, such payments shall be
(i) to the Trustee (A) from Available Funds transferred from the Collection Account to the Note Payment Account, an amount equal to the sum of the Trustee Fee for such Payment Date, plus all accrued and unpaid Trustee Fees, if any, for prior Payment Dates, plus all reasonable out of pocket expenses (but only up to $200,000 during the term of this Agreement) to which the Trustee is entitled to payment (to the extent expressly set forth under this Agreement) provided that (B) if Available Funds transferred from the Collection Account to the Note Payment Account are insufficient to pay the amount described in clause (A) above, the Trustee will withdraw from the Reserve Account an amount equal to the lesser of the amount then on deposit in the Reserve Account and the amount of such shortfall for disbursement to the Trustee in reduction of such shortfall;
(ii) to the Servicer, from the Available Funds transferred from the Collection Account to the Note Payment Account, an amount equal to the sum of the Servicing Fee for the related Collection Period, plus all accrued and unpaid Servicing Fees, if any, for prior Collection Periods (plus an amount equal to any Transition Fees then owing to the Successor Servicer, if any);
(iii) to the Backup Servicer (A) from Available Funds transferred from the Collection Account to the Note Payment Account, the Backup Servicer Fee for such Payment Date, plus all accrued and unpaid Backup Servicer Fees, if any, for prior Payment Dat...
Allocations and Payments. 64 Section 7.06 Repurchases of, or Substitution for, Contracts for Breach of Representations and Warranties...................................................................70 Section 7.07 Reassignment of Repurchased or Substituted Contracts.............................71 Section 7.08 The Servicer's Purchase Option...................................................71 TABLE OF CONTENTS (continued) Page ARTICLE VIII SERVICER DEFAULTS; SERVICING TRANSFER.....................................................71
Allocations and Payments. 75 Section 7.06. Repurchases of, or Substitution for, Contracts for Breach of Representations and Warranties......................................................84 Section 7.07. Reassignment of Repurchased or Substituted Contracts...................................85 Section 7.08. Financial's and Depositor's Repurchase Option..........................................85
Allocations and Payments. 30 SECTION 4.05
Allocations and Payments. 332 4.05 Reserve Account......................................................365 4.05A Note Payment Account.................................................376 4.06 Statements to Noteholders............................................376 4.07 Application of Trust Money............................................37 IVA. THE POLICY
Allocations and Payments. The Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, pay or deposit the following amounts as set forth below, except as provided in subsection 4.3(f):
(i) For each Series in its Revolving Period:
(A) Allocate to, and deposit in the Finance Charge Account for the account of the applicable Series, an amount equal to the Daily Series Finance Charge Allocation for such Series for such day; and
(B) Allocate and pay to JCPR an amount equal to the Daily Series Principal Allocation for such Series for such day;
(ii) For each Series in its Amortization Period:
(A) Allocate to, and deposit in the Finance Charge Account for the account of the applicable Series, an amount equal to the Daily Series Finance Charge Allocation for such Series for such day; and
(B) Allocate to, and deposit in the Principal Account for the account of the applicable Series, an amount equal to the Daily Series Principal Allocation for such Series for such day;
(iii) For the Exchangeable Certificate: Throughout the existence of the Trust, the Servicer shall pay to the Holder of the Exchangeable Certificate an amount equal to the product of (A) the applicable JCPR Percentage and (B) the aggregate amount of such Collections deposited in the Collection Account in respect of Principal Receivables and Finance Charge Receivables, respectively, on such day.
Allocations and Payments. 15 SECTION 4.05 Statements to Lenders.................................................................. 16
Allocations and Payments. (a) On each Determination Date, the Servicer shall calculate, (i) the amount of funds on deposit in each of the Accounts and the amount of Available Funds, and (ii) as applicable, the Trustee Fee, the Backup Servicing Fee, the Servicing Fee, the Additional Servicing Fee, the average daily Note Balance for the Collection Period, the Interest Distributable Amount, the Required Reserve Amount, the Reserve Fund Reimbursement Amount, the aggregate Principal Distributable Amount, the unpaid Note Balance before and after giving effect to any Principal
Allocations and Payments to the Holder of the --------------------------------------------- Exchangeable Transferor Certificate and the Bridgestone/Firestone ----------------------------------------------------------------- Certificate. ----------- Amounts to be allocated to the Holder of the Exchangeable Transferor Certificate and the Bridgestone/Firestone Certificate and payments with respect thereto shall be determined and made only as provided in Sections 4.03(b)(i), 4.01(d) and 4.01(g).
Allocations and Payments. (a) For any jurisdictional change for which the allocation of taxes is made under this agreement, the following allocations shall be made:
(i) CITY shall receive 70% and COUNTY shall retain 30% of “All Revenue” from the annexed area.
(ii) The parties agree that development agreements shall be written to ensure that all revenue received from a developer are for unassigned (general fund) purposes so that such revenue may be shared between the agencies. If a donation of personal or real property, or improvements, or any other item of financial worth, is specified to be provided by the development agreement, the party entering into the Development Agreement shall ensure that the other party to this agreement also benefits in a ratio set forth herein (70% City/30% County). The parties will work together cooperatively and take all reasonable and necessary steps to obtain this objective.
