Application of Collections. All collections for the Collection Period shall be applied by the Servicer as follows: (a) With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall be applied to interest and principal in accordance with the Simple Interest Method. (b) All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a).
Appears in 150 contracts
Samples: Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4), Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4), Sale and Servicing Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3)
Application of Collections. All collections for the Collection Period shall be applied by the Servicer as follows:
(a) With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall be applied to interest and principal in accordance with the Simple Interest Method.
(b) All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a).
Appears in 35 contracts
Samples: Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2024-5), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2024-5), Sale and Servicing Agreement (Exeter Automobile Receivables Trust 2024-4)
Application of Collections. All collections for the Collection Period shall be applied by the Servicer as follows:
(a) : With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall be applied to interest and principal in accordance with the Simple Interest Method.
(b) . All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a).
Appears in 20 contracts
Samples: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2004-D-F), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2007-D-F), Sale and Servicing Agreement (AFS SenSub Corp.)
Application of Collections. All collections for the Collection Period shall be applied by the Servicer as follows:
(a) With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall be applied to interest and principal in accordance with the Simple Interest Method.
(b) All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a). SECTION 5.5. [Reserved].
Appears in 12 contracts
Samples: Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2014-4), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2013-4), Sale and Servicing Agreement (AmeriCredit Automobile Receivables Trust 2013-2)
Application of Collections. All collections for the Collection Period shall be applied by the Servicer as follows:
(a) : With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall be applied to interest and principal in accordance with the Simple Interest Method.
(b) . All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a5.7(b).
Appears in 12 contracts
Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc)
Application of Collections. All collections for the Collection Period shall will be applied by the Servicer as follows:
(a) : With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, Obligor (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall will be applied to interest and principal in accordance with the Simple Interest Method.
(b) . All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall will be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a).
Appears in 11 contracts
Samples: Sale and Servicing Agreement (Triad Financial Special Purpose LLC), Sale and Servicing Agreement (Triad Financial Special Purpose LLC), Sale and Servicing Agreement (Triad Financial Special Purpose LLC)
Application of Collections. All collections for the -------------------------- Collection Period shall be applied by the Servicer as follows:
(a) : With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall be applied to interest and principal in accordance with the Simple Interest Method.
(b) . All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a5.7(b).
Appears in 9 contracts
Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc)
Application of Collections. All collections for the Collection Period shall be applied by the Servicer as follows:
(a) : With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall be applied to interest and principal in accordance with the Simple Interest Method.
(b) method applicable to the Receivable. All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a5.7(b).
Appears in 9 contracts
Samples: Sale and Servicing Agreement (United Pan Am Financial Corp), Sale and Servicing Agreement (UPFC Auto Receivables Corp.), Sale and Servicing Agreement (UPFC Auto Receivables Trust 2007-B)
Application of Collections. All collections for the Collection Period shall be applied by the Servicer as follows:
(a) : With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall be applied to interest and principal in accordance with the Simple Interest Method.
(b) . All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a5.7(b).
Appears in 8 contracts
Samples: Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2003-D-M), Sale and Servicing Agreement (AFS SenSub Corp.), Sale and Servicing Agreement (Americredit Automobile Receivables Trust 2005-C-F)
Application of Collections. All collections for the Collection Period shall be applied by the Servicer as follows:
(a) With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall be applied to interest and principal in accordance with the Simple Interest Method.
(b) All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a5.7[(a)].
Appears in 7 contracts
Samples: Sale and Servicing Agreement (Afs Sensub Corp.), Sale and Servicing Agreement (Afs Sensub Corp.), Sale and Servicing Agreement (Afs Sensub Corp.)
Application of Collections. All collections for the Collection Monthly Period shall be applied by the Servicer as follows:
(a) : With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, Obligor (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) ), shall be applied to interest and principal in accordance with the Simple Interest Method.
(b) . All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall shall, other than as provided in Section 5.9, be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a5.6(a).
Appears in 6 contracts
Samples: Sale and Servicing Agreement (Franklin Receivables Auto Trust 2003-1), Sale and Servicing Agreement (Franklin Auto Trust 2003-2), Sale and Servicing Agreement (Franklin Auto Trust 2004-2)
Application of Collections. All collections for the Collection Period shall be applied by the Servicer as follows:
(a) : With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall be applied to interest and principal in accordance with the Simple Interest Method.
(b) . All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a).
Appears in 4 contracts
Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc)
Application of Collections. All collections for the Collection Period shall be applied by the Servicer as follows:
(a) : With respect to each Receivable (other than a Purchased Receivable or a Sold Repurchased Receivable), payments by or on behalf of the Obligor, (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall be applied to interest and principal in accordance with the Simple Interest Method.
(b) . All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a)5.8.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Americredit Corp), Sale and Servicing Agreement (Americredit Corp), Sale and Servicing Agreement (Americredit Corp)
Application of Collections. All collections for the Collection Period shall will be applied by the Servicer as follows:
(a) : With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, Obligor (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall will be applied to interest and principal in accordance with the Simple Interest Method.
(b) . All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder may be retained by the Servicer and shall not be required to be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a5.7(b).
Appears in 1 contract
Samples: Sale and Servicing Agreement (Bond Securitization LLC)
Application of Collections. All collections for the Collection Period shall be applied by the Servicer as follows:
(a) : With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall be applied to interest and principal in accordance with the Simple Interest Method.
(b) . All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a5.7(a)[(b)].
Appears in 1 contract
Application of Collections. All collections for the Collection -------------------------- Period shall be applied by the Servicer as follows:
(a) : With respect to each Receivable (other than a Purchased Receivable or a Sold Repurchased Receivable), payments by or on behalf of the Obligor, (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall be applied to interest and principal in accordance with the Simple Interest Method.
(b) . All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a).5.8. -----------
Appears in 1 contract
Application of Collections. All collections for the Collection -------------------------- Period shall be applied by the Servicer as follows:
(a) : With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall be applied to interest and principal in accordance with the Simple Interest Method.
(b) . All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a5.7(b).
Appears in 1 contract
Samples: Sale and Servicing Agreement (Americredit Financial Services Inc)
Application of Collections. All collections for the Collection Period shall will be applied by the Servicer as follows:
(a) : With respect to each Receivable (other than a Purchased Receivable or a Sold Receivable), payments by or on behalf of the Obligor, Obligor (other than Supplemental Servicing Fees with respect to such Receivable, to the extent collected) shall will be applied to interest and principal in accordance with the Simple Interest Method.
(b) . All amounts collected that are payable to the Servicer as Supplemental Servicing Fees hereunder shall will be deposited in the Collection Account and paid to the Servicer in accordance with Section 5.7(a5.7(b).
Appears in 1 contract
Samples: Sale and Servicing Agreement (Triad Automobile Receivables Trust 2002 A)
