Common use of Allocations of Collections to the Seller Clause in Contracts

Allocations of Collections to the Seller. (a) Subject to Sections 4.04(c) and (d), the Servicer shall instruct the Trustee on each Deposit Date to withdraw an amount equal to the Seller's Percentage for the related Collection Period of Interest Collections deposited in the Collection Account for such Deposit Date (the "Seller's Interest Collections") and to release such Seller's Interest Collections to the Trust for distribution in respect of the Seller's Certificates pursuant to the Trust Agreement.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Daimlerchrysler Master Owner Trust), Sale and Servicing Agreement (Daimlerchrysler Master Owner Trust), Sale and Servicing Agreement (Daimlerchrysler Master Owner Trust)

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