Common use of Allocations of Interest Collections Clause in Contracts

Allocations of Interest Collections. The Servicer shall allocate to the Series 2017-A Noteholders and deposit in the Collection Account for application as provided herein, an amount equal to the product of (A) the Series 2017-A Floating Allocation Percentage for such day and (B) the Series 2017-A Allocable Interest Collections as to which such day is the Date of Processing for such Collections; provided, that, so long as the conditions set forth in Section 8.04(b) of the Indenture are satisfied and the Servicer is permitted to commingle Collections during a Collection Period, the Servicer shall not be required to deposit such allocated amounts into the Collection Account until the Business Day preceding the Payment Date in the month following such Collection Period.

Allocations of Interest Collections. The Servicer shall allocate to the Series 2017-A B Noteholders and deposit in the Collection Account for application as provided herein, an amount equal to the product of (A) the Series 2017-A B Floating Allocation Percentage for such day and (B) the Series 2017-A B Allocable Interest Collections as to which such day is the Date of Processing for such Collections; provided, that, so long as the conditions set forth in Section 8.04(b) of the Indenture are satisfied and the Servicer is permitted to commingle Collections during a Collection Period, the Servicer shall not be required to deposit such allocated amounts into the Collection Account until the Business Day preceding the Payment Date in the month following such Collection Period.

Allocations of Interest Collections. The Servicer shall allocate to the Series 20172016-A Noteholders and deposit in the Collection Account for application as provided herein, an amount equal to the product of (A) the Series 20172016-A Floating Allocation Percentage for such day and (B) the Series 20172016-A Allocable Interest Collections as to which such day is the Date of Processing for such Collections; provided, that, so long as the conditions set forth in Section 8.04(b) of the Indenture are satisfied and the Servicer is permitted to commingle Collections during a Collection Period, the Servicer shall not be required to deposit such allocated amounts into the Collection Account until the Business Day preceding the Payment Date in the month following such Collection Period.

Allocations of Interest Collections. The Servicer shall allocate to the Series 2017-A C Noteholders and deposit in the Collection Account for application as provided herein, an amount equal to the product of (A) the Series 2017-A C Floating Allocation Percentage for such day and (B) the Series 2017-A C Allocable Interest Collections as to which such day is the Date of Processing for such Collections; provided, that, so long as the conditions set forth in Section 8.04(b) of the Indenture are satisfied and the Servicer is permitted to commingle Collections during a Collection Period, the Servicer shall not be required to deposit such allocated amounts into the Collection Account until the Business Day preceding the Payment Date in the month following such Collection Period.