Allocations of Collections. 35 SECTION 10. Payments..................................................................................................47 SECTION 11.
Allocations of Collections. If an Obligor is obligated under one or more Receivables and also under one or more other assets owned by the Bank or assigned by the Bank to third parties, then any payment on any such asset received from or on behalf of such Obligor shall, if identified as being made with respect to a particular item or asset, be applied to such item, and otherwise shall be allocated by the Bank in accordance with its customary standards, policies and procedures.
Allocations of Collections. For purposes of determining the Outstanding Receivables Balances of Receivables at any time, the Purchaser and the Seller agree that the Seller shall apply all Collections on a Receivable by Receivable basis.
Allocations of Collections. If an Obligor is obligated under one or more Receivables and also under one or more other assets owned by Ford Credit or assigned by Ford Credit to third parties, then any payment on any such asset received from or on behalf of such Obligor shall, if identified as being made with respect to a particular item or asset, be applied to such item, and otherwise shall be allocated by Ford Credit in accordance with its customary standards, policies and procedures.
Allocations of Collections. During the Series 2013-1
Allocations of Collections. (a) Deposits into the Series Collections Account. On or before each Distribution Date, the Servicer shall direct the Trustee to withdraw from the Group Collections Account and deposit into the Series Collections Account an amount equal to (i) the sum of the Series Finance Charge Collections and the Series Principal Collections and (ii) the Series Excess Funding Amount (SRC), each for the related Due Period. On or before each Distribution Date, the Servicer also shall direct the Trustee to deposit the Series Additional Allocable Amounts, if any, which have not previously been deposited into the Series Collections Account.
Allocations of Collections. During the Series 2020-2 Rapid Amortization Period. With respect to the Series 2020-2 Rapid Amortization Period, other than after the occurrence of an Event of Bankruptcy with respect to ABCR, any other Lessee or any Permitted Sublessee, the Administrator will direct the Trustee in writing pursuant to the Administration Agreement to allocate, prior to 11:00 a.m. (New York City time) on any Series 2020-2 Deposit Date, all amounts deposited into the Collection Account as set forth below:
(i) allocate to the Series 2020-2 Collection Account an amount determined as set forth in Section 2.2(a)(i) above for such day, which amount shall be further allocated to the Series 2020-2 Accrued Interest Account; and
(ii) allocate to the Series 2020-2 Collection Account an amount equal to the Series 2020-2 Principal Allocation for such day, which amount shall be used in accordance with Section 2.5 to make principal payments in respect of the Class A Notes until the Class A Notes have been paid in full, and after the Class A Notes have been paid in full shall be used to make principal payments in respect of the Class B Notes until the Class B Notes have been paid in full, and after the Class A Notes and Class B Notes have been paid in full shall be used to make principal payments in respect of the Class C Notes until the Class C Notes have been paid in full, and after the Class A Notes, the Class B Notes and the Class C Notes have been paid in full (including interest thereon) shall be used to make principal payments in respect of the Class R Notes until the Class R Notes have been paid in full; provided, however, that if on any Determination Date (A) the Administrator determines that the amount anticipated to be available from Interest Collections allocable to the Series 2020-2 Notes and other amounts available pursuant to Section 2.3 to pay the sum of (x) the Series 2020-2 Senior Monthly Interest for the next succeeding Distribution Date and (y) any unpaid Series 2020-2 Shortfall on such Distribution Date (together with interest on such Series 2020-2 Shortfall) will be less than the sum of (I) the Series 2020-2 Senior Monthly Interest for such Distribution Date and (II) such Series 2020-2 Shortfall (together with interest thereon) and (B) the Series 2020-2 Enhancement Amount is greater than zero, then the Administrator shall direct the Trustee in writing to reallocate a portion of the Principal Collections allocated to the Series 2020-2 Notes during the Related Month equa...
Allocations of Collections. (a) Deposits to Series Collections Account. On or before each Distribution Date, the Master Servicer shall direct the Trustee in writing to withdraw from the Group Collections Account and deposit into the Series Collections Account an amount equal to the sum of the Series Finance Charge Collections and the Series Principal Collections for the related Due Period. On or before each Distribution Date, the Class Additional Funds for each Class of the Series established hereby shall also have been deposited into the Series Collections Account pursuant to Section 4.03(e) of the Pooling and Servicing Agreement.
(b) Deposits During the Revolving Period, Early Accumulation Period, Accumulation Period, Controlled Liquidation Period or Amortization Period, as Applicable. The Master Servicer shall, on or before each Distribution Date during the Revolving Period, the Early Accumulation Period, the Accumulation Period, the Controlled Liquidation Period or any Amortization Period, as applicable, direct the Trustee in writing that funds be paid or deposited in the following amounts, to the extent such funds are available and in the order of priority specified, to the account or Person indicated, in each case as set forth below; provided, however, that if the Credit Enhancement is not Funded Credit Enhancement, then no amounts (other than any Credit Enhancement Fees or any amounts paid to the Trustee as Administrator of the Credit Enhancement in respect of the Total Available Credit Enhancement Amount) that are measured or determined by reference to Class Excess Servicing for any Class, Series Excess Servicing or the amount on deposit at any time in the Group Finance Charge Collections Reallocation Account shall be paid or deposited if, on the related Drawing Date, the Credit Enhancement Provider is unable to pay its debts as they become due.
(1) During the Accumulation Period or the Early Accumulation Period, if any, or on the first Distribution Date of the Amortization Period, if applicable, an amount equal to the amount of Class Investment Income for the related Due Period for any Class shall be withdrawn from the Series Principal Funding Account and deposited into the Series Collections Account.
(2) With respect to Class A, an amount equal to the lesser of
Allocations of Collections. All Interest Collections and Principal Collections, as well as Defaulted Receivables, will be allocated by the Servicer to each Series based on the applicable Investor Percentage for such Series as specified in the related Indenture Supplement. Interest Collections and Principal Collections so allocated to any Series will not be available to the Noteholders of any other Series, the Series Enhancers for any other Series or the holders of the Transferor Interest, except to the extent expressly provided in this Indenture or the related Indenture Supplements. Allocations of Interest Collections and Principal Collections to be performed by the Servicer (i) between the Noteholders' Collateral and the Transferor Interest and (ii) among each Series and (iii) if applicable, among the Classes of a Series and any related Series Enhancer will be set forth in the related Indenture Supplement or Supplements. The application of such allocated Interest Collections and Principal Collections will also be set forth in the related Indenture Supplement or Supplements.
Allocations of Collections. During the Series 2019-3 Revolving Period. During the Series 2019-3 Revolving Period, the Administrator will direct the Trustee in writing pursuant to the Administration Agreement to allocate, prior to 11:00 a.m. (New York City time) on each Series 2019-3 Deposit Date, all amounts deposited into the Collection Account as set forth below:
(i) allocate to the Series 2019-3 Collection Account an amount equal to the Series 2019-3 Invested Percentage (as of such day) of the aggregate amount of Interest Collections on such day. All such amounts allocated to the Series 2019-3 Collection Account shall be further allocated to the Series 2019-3 Accrued Interest Account; and
(ii) allocate to the Series 2019-3 Excess Collection Account an amount equal to the Series 2019-3 Invested Percentage (as of such day) of the aggregate amount of Principal Collections on such day (for any such day, the “Series 2019-3 Principal Allocation”).
