Common use of Application of Trust Funds Clause in Contracts

Application of Trust Funds. (a) On each Payment Date, the Paying Agent will distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 of the Sale and Servicing Agreement with respect to such Payment Date.

Application of Trust Funds. (a) On each Payment Distribution Date, upon receipt of written instructions from the Servicer pursuant to Section 4.1(c) of the Sale and Servicing Agreement, the Paying Agent will shall distribute to the Certificateholders, on the basis of the in proportion to each Certificateholder’s Certificate Percentage Interest evidenced by their Trust CertificatesInterest, amounts deposited in the Certificate Payment Account on such Distribution Account Date pursuant to Section 4.06 4.1(c) of the Sale and Servicing Agreement and Section 2.8 of the Indenture with respect to such Payment Distribution Date.

Application of Trust Funds. (a) On each Payment Date, the Paying Agent will shall distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, Certificateholders all amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 5.05 of the Sale and Servicing Agreement with respect to such Payment DateDate based upon each Certificateholder’s Certificate Percentage Interest.

Application of Trust Funds. (a) On each Payment Date, the Paying Agent will distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, Certificateholder amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 Sections 5.04 and 5.05 of the Sale and Servicing Agreement with respect to on such Payment Date.

Application of Trust Funds. (a) On each Payment Distribution Date, the Paying Agent will distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, Certificateholder amounts deposited in the Certificate Distribution Account received pursuant to Section 4.06 7.05 of the Sale and Servicing Agreement with respect to such Payment Distribution Date.

Application of Trust Funds. (a) On each Payment Date, the Paying Agent will distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust CertificatesCertificateholder, amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 Sections 5.04 and 5.05 of the Sale and Servicing Agreement with respect to on such Payment Date.

Application of Trust Funds. (a) On each Payment Date, the Paying Agent will on behalf of the Owner Trustee shall distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, Certificateholders all amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 8.04 of the Sale and Servicing Agreement Indenture with respect to such Payment Date.

Application of Trust Funds. (a) On each Payment Date, the Paying Agent will shall distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, Certificateholders all amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 5.06 of the Sale and Servicing Agreement or Section 5.04(b) of the Indenture, as applicable, with respect to such Payment DateDate pro rata, based upon each Certificateholder’s Certificate Percentage Interest.

Application of Trust Funds. (a) On each Payment Date, the Paying Agent will shall distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, Certificateholders all amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 5.06 of the Sale and Servicing Agreement with respect to such Payment DateDate pro rata, based upon each Certificateholder’s Certificate Percentage Interest.

Application of Trust Funds. (a) On each Payment Distribution Date, the Paying Agent will shall distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, Certificateholders amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 5.06 of the Sale and Servicing Agreement with respect to such Payment Distribution Date.

Application of Trust Funds. (a) On The Certificate Paying Agent is hereby directed to distribute on each Payment Date, Date to the Paying Agent will distribute to Certificateholders, on the basis Holders of the Percentage Interest evidenced by their Trust Certificates, Certificates amounts deposited on deposit in the Certificate Distribution Account pursuant with respect to such Payment Date and payable to such Class of Certificates in accordance with Section 4.06 3.22 of the Sale and Servicing Agreement with and the Certificate Paying Agent hereby acknowledges such direction. All distributions of amounts due on or in respect of the Trust Certificates shall be made to such Payment Datethe Trust Certificateholders pro rata, based upon their Percentage Interests in the Trust Certificates.

Application of Trust Funds. (a) On each Payment Date, the Paying Agent will shall distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, Certificateholders amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 8.2 of the Sale and Servicing Agreement Indenture with respect to such Payment Date.

Application of Trust Funds. (a) On each Payment Date, the Trust Paying Agent will shall distribute to Certificateholders, the Certificateholders from amounts on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited deposit in the Certificate Distribution Account pursuant to the distributions as provided in Section 4.06 3.03(b)(v) of the Sale and Servicing Agreement with respect to such Payment Date.

Application of Trust Funds. (a) On each Payment Date, the Trust Paying Agent will shall distribute to Certificateholders, amounts on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited deposit in the Certificate Distribution Account pursuant to Section 4.06 the holder of the Sale and Servicing Agreement with respect to such Payment DateResidual Interest Certificate.

Application of Trust Funds. (a) On each Payment Date, the Paying Agent will shall distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, Certificateholders all amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 of the Sale and Servicing Agreement with respect to such Payment Date.to

Application of Trust Funds. (a) On each Payment Date, the Owner Trustee shall direct the Trust Paying Agent will to distribute to Certificateholders, the Certificateholders from amounts on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited deposit in the Certificate Distribution Account pursuant to the distributions as provided in Section 4.06 3.03(b)(v) of the Sale and Servicing Agreement with respect to such Payment Date.

Application of Trust Funds. (a) On The Certificate Paying Agent shall distribute on each Payment Date, Date to the Paying Agent will distribute to Certificateholders, Holders amounts on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited deposit in the Certificate Distribution Account pursuant to Section 4.06 Account. All distributions of amounts due on or in respect of the Sale and Servicing Agreement with respect Owner Trust Certificates shall be made to such Payment Datethe Certificateholders, pro rata, based upon their Percentage Interests in the Owner Trust Certificates.

Application of Trust Funds. (a) On each Payment Date, the Paying Agent will (or the Owner Trustee, if there is no Paying Agent) shall distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, Certificateholders all amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 8.04 of the Sale and Servicing Agreement Indenture with respect to such Payment Date, pro rata to the Trust Certificateholders of record at the close of business on the Record Date with respect to such Payment Date.

Application of Trust Funds. (a) On each Payment Date, the Paying Agent will shall distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, Certificateholders all amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 5.05 of the Sale and Servicing Agreement with respect to such Payment Date.Date based upon each Certificateholder’s Certificate Percentage Interest. 20 (2019-B Amended and Restated Trust Agreement)

Application of Trust Funds. (a) On each Payment Date, the Paying Agent will shall distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, Certificateholders all amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 5.05 of the Sale and Servicing Agreement with respect to such Payment DateDate based upon each Certificateholder's Certificate Percentage Interest.

Application of Trust Funds. (a) On each Payment Date, the Paying Agent will shall distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, Certificateholders all amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 5.05 of the Sale and Servicing Agreement with respect to such Payment Date.Date based upon each Certificateholder’s Certificate Percentage Interest. 20 (2018-B Amended and Restated Trust Agreement)

Application of Trust Funds. (a) On each Payment Date, the Trust Paying Agent will shall distribute to Certificateholders, the Certificateholders from amounts on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited deposit in the Certificate Distribution Account pursuant to the distributions as provided in Section 4.06 3.5(b)(v) of the Sale and Servicing Agreement with respect to such Payment Date.

Application of Trust Funds. (a) On each Payment Date, the Paying Agent will shall distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, Certificateholders all amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 5.05 of the Sale and Servicing Agreement with respect to such Payment Date.Date based upon each Certificateholder’s Certificate Percentage Interest. 20 (2024-B Amended and Restated Trust Agreement)

Application of Trust Funds. (a) On each Payment Datepayment date pursuant to the Transaction Documents, the Paying Agent will shall distribute to the Certificateholders, pro rata based on their respective Percentage Interests, the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited in the Certificate Distribution Account received pursuant to Section 4.06 of the Sale and Servicing Agreement with respect to such Payment DateTransaction Documents.

Application of Trust Funds. (a) On each Payment Date, the Paying Agent will shall distribute to Certificateholders, the Certificateholders from amounts on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited deposit in the Certificate Distribution Account pursuant to the distributions provided in Section 4.06 4.05 of the Sale and Servicing Collection Agreement with respect to such Payment Date. All distributions of amounts due on or in respect of the Residual Interest Certificates, shall be made pro rata to the Certificateholders of such Class entitled thereto.

Application of Trust Funds. (a) On each Payment Date, the Owner Trustee shall direct the Trust Paying Agent will to distribute to Certificateholders, the Certificateholders from amounts on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited deposit in the Certificate Distribution Account pursuant to the distributions as provided in Section 4.06 3.5(b)(v) of the Sale and Servicing Agreement with respect to such Payment Date.

Application of Trust Funds. (a) On each Payment Date, the Trust Paying Agent will shall distribute to the Certificateholders, pro rata, from amounts on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited deposit in the Certificate Distribution Account pursuant to the distributions as provided in Section 4.06 3.2 of the Sale and Servicing Agreement with respect to such Payment Date.

Application of Trust Funds. (a) On each Payment Date, the Paying Agent will shall distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, Certificateholders all amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 5.06 of the Sale and Servicing Agreement with respect to such Payment DateDate pro rata, based upon each Certificateholder's Certificate Percentage Interest.

Application of Trust Funds. (a) 1. On each Payment Date, the Trust Paying Agent will shall distribute to the Certificateholders, on the basis of the their respective Percentage Interest evidenced by their Trust CertificatesInterests, all amounts deposited then on deposit in the Certificate Distribution Account pursuant to Section 4.06 of the Sale and Servicing Agreement with respect to such Payment DateAccount.

Application of Trust Funds. (a) On each Payment Date, the Paying Agent will shall distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificates, Certificateholders all amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 of the Sale (2006-B Amended and Servicing Agreement with respect to such Payment Date.Restated Trust Agreement)

Application of Trust Funds. (a) On each Payment Date, the Trust Paying Agent will shall distribute to the Certificateholders, pro rata, from amounts on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited deposit in the Certificate Distribution Account pursuant to Section 4.06 the distributions as provided in Sections 3.5(b)(v) and 3.5(f)(v) of the Sale and Servicing Agreement with respect to such Payment Date.

Application of Trust Funds. (a) On each Payment Date, the Trust Paying Agent will shall distribute to the Certificateholders, pro rata, from amounts on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited deposit in the Certificate Distribution Account pursuant to the distributions as provided in Section 4.06 3.03(b)(xi) of the Sale and Servicing Agreement with respect to such Payment Date.

Application of Trust Funds. (a) On each Payment Date, the Trust Paying Agent will shall distribute to Certificateholdersthe Residual Interest Certificateholder, pro rata, from amounts on the basis of the Percentage Interest evidenced by their Trust Certificates, amounts deposited deposit in the Certificate Distribution Account the amounts deposited therein pursuant to Section 4.06 3.2 of the Sale and Servicing Agreement with respect to such Payment Date.

Application of Trust Funds. (a) On each Payment Distribution Date, the Paying Agent will distribute to Certificateholders, on the basis of the Percentage Interest evidenced by their Trust Certificatesa pro rata basis, amounts deposited in the Certificate Distribution Account pursuant to Section 4.06 5.06 of the Sale and Servicing Agreement with respect to such Payment Distribution Date.