Common use of Application of Available Certificateholder Interest Collections Clause in Contracts

Application of Available Certificateholder Interest Collections. On each Transfer Date related to a Due Period commencing after the 1990 Trust Termination Date, the Master Trust Trustee, acting in accordance with instructions from the Servicer, shall apply Available Certificateholder Interest Collections for such Due Period in the following amounts and in the following order of priority: (i) Investor Servicing Fee. An amount equal to the Investor Servicing Fee for such Due Period (unless such amount has been netted against deposits to the Collections Account or waived) shall be allocated and paid to the Servicer.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Navistar Financial Corp), Pooling and Servicing Agreement (Navistar Financial Securities Corp)

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Application of Available Certificateholder Interest Collections. On each Transfer Date related to a Due Period commencing after the 1990 Trust Termination DatePeriod, the Master Trust Trustee, acting in accordance with instructions from the Servicer, shall apply Available Certificateholder Interest Collections for such Due Period in the following amounts and in the following order of priority: (i) Investor Servicing Fee. An amount equal to the Investor Servicing Fee for such Due Period (unless such amount has been netted against deposits to the Collections Account or waived) shall be allocated and paid to the Servicer.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Navistar Financial Corp), Pooling and Servicing Agreement (Navistar Financial Dealer Note Master Trust)

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Application of Available Certificateholder Interest Collections. On each Transfer Date related to a Due Period commencing after the 1990 Trust Termination DatePeriod, the Master Trust Trustee, acting in accordance with instructions from the Servicer, shall apply Available Certificateholder Interest Collections for such Due Period in the following amounts and in the following order of priority: (i) Investor Servicing FeeINVESTOR SERVICING FEE. An amount equal to the Investor Servicing Fee for such Due Period (unless such amount has been netted against deposits to the Collections Account or waived) shall be allocated and paid to the Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Navistar Financial Dealer Note Master Trust)

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