Common use of Allocations of Collections Clause in Contracts

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”).

Allocations of Collections. During the Series 2019-3 2 Revolving Period. During the Series 2019-3 2 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 2 Deposit Date, all amounts deposited into the Collection Account as set forth below: (i) allocate to the Series 2019-3 2 Collection Account an amount equal to the Series 2019-3 2 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 2 Collection Account shall be further allocated to the Series 2019-3 2 Accrued Interest Account; and (ii) allocate to the Series 2019-3 2 Excess Collection Account an amount equal to the Series 2019-3 2 Invested Percentage (as of such day) of the aggregate amount of Principal Collections on such day (for any such day, the “Series 2019-3 2 Principal Allocation”).

Allocations of Collections. During the Series 20192021-3 2 Revolving Period. During the Series 20192021-3 2 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 20192021-3 2 Deposit Date, all amounts deposited into the Collection Account as set forth below: (i) allocate to the Series 20192021-3 2 Collection Account an amount equal to the Series 20192021-3 2 Invested Percentage (as of such day) of the aggregate amount of Interest Collections on such day. All such amounts allocated to the Series 20192021-3 2 Collection Account shall be further allocated to the Series 20192021-3 2 Accrued Interest Account; and (ii) allocate to the Series 20192021-3 2 Excess Collection Account an amount equal to the Series 20192021-3 2 Invested Percentage (as of such day) of the aggregate amount of Principal Collections on such day (for any such day, the “Series 20192021-3 2 Principal Allocation”).