Application of Trust Funds. (a) On each Distribution Date, the Owner Trustee shall cause the Certificate Paying Agent to distribute amounts deposited in the Certificate Distribution Account pursuant to the Sale and Servicing Agreement with respect to such Distribution Date in the following order of priority:
Appears in 162 contracts
Samples: Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3), Trust Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3)
Application of Trust Funds. (a) On each Distribution Date, the Owner Trustee shall cause the Certificate Paying Agent to shall distribute amounts deposited in the Certificate Distribution Account pursuant to the Sale and Servicing Agreement with respect to such Distribution Date in the following order of priority:
Appears in 40 contracts
Samples: Trust Agreement (Exeter Automobile Receivables Trust 2024-5), Trust Agreement (Exeter Automobile Receivables Trust 2024-5), Trust Agreement (Exeter Automobile Receivables Trust 2024-4)
Application of Trust Funds. (a) On each Distribution Payment Date, the Owner Trustee shall cause the Certificate Paying Agent to distribute to Trust Certificateholders all amounts deposited in the Certificate Distribution Account pursuant to Section 8.04 of the Sale and Servicing Agreement Indenture with respect to such Distribution Payment Date, pro rata to the Trust Certificateholders of record at the close of business on the Record Date in the following order of priority:with respect to such Payment Date.
Appears in 15 contracts
Samples: Trust Agreement (BMW Vehicle Lease Trust 2017-1), Trust Agreement (BMW Vehicle Lease Trust 2017-1), Trust Agreement (BMW Vehicle Lease Trust 2016-2)
Application of Trust Funds. (a) On each Distribution Payment Date, the Owner Trustee shall cause the Certificate Paying Agent to distribute to Certificateholders all amounts deposited in the Certificate Distribution Account pursuant to Section 5.06 of the Sale and Servicing Agreement with respect to such Distribution Payment Date in the following order of priority:based upon each Certificateholder's Certificate Percentage Interest.
Appears in 7 contracts
Samples: Trust Agreement (BMW Vehicle Owner Trust 2001-A), Trust Agreement (BMW Vehicle Owner Trust 2006-A), Trust Agreement (BMW Vehicle Owner Trust 2001-A)
Application of Trust Funds. (a) On each Distribution Payment Date, the Owner Trustee shall cause the Certificate Paying Agent to distribute to Certificateholders amounts deposited in the Certificate Distribution Account pursuant to Section 5.06 of the Sale and Servicing Agreement with respect to such Distribution Date in the following order of priority:Payment Date.
Appears in 3 contracts
Samples: Trust Agreement (Regions Auto Receivables Trust 2002-1), Trust Agreement (Regions Auto Receivables Trust 2003-1), Trust Agreement (Regions Acceptance LLC Regions Auto Receivables Tr 2003-2)
Application of Trust Funds. (a) On each Distribution Date, the Owner Trustee shall cause the Certificate Paying Agent to distribute to Certificateholders, on a pro rata basis, amounts deposited in the Certificate Distribution Account pursuant to Section 5.06 of the Sale and Servicing Agreement with respect to such Distribution Date in the following order of priority:Date.
Appears in 2 contracts
Samples: Trust Agreement (SSB Vehicle Securities Inc SSB Auto Loan Trust 2002-1), Trust Agreement (SSB Vehicle Securities Inc)
Application of Trust Funds. (a) On each Distribution Date, the Owner Trustee shall cause the Certificate Paying Agent to distribute to Certificateholders amounts deposited in the Certificate Interest Distribution Account and amounts deposited in the Certificate Principal Distribution Account pursuant to Section 5.06 of the Sale and Servicing Agreement with respect to such Distribution Date in the following order of priority:Date.
Appears in 2 contracts
Samples: Trust Agreement (National City Bank /), Trust Agreement (SSB Vehicle Sec Huntington Auto Trust 2000-A)
Application of Trust Funds. (a) On each Distribution Payment Date, the Owner Trustee shall cause the Certificate Paying Agent to distribute to Certificateholders all amounts deposited in the Certificate Distribution Account pursuant to Section 5.06 of the Sale and Servicing Agreement with respect to such Distribution Payment Date in the following order of priority:based upon each Certificateholder’s Certificate Percentage Interest.
Appears in 2 contracts
Samples: Trust Agreement (BMW Fs Securities LLC), Trust Agreement (BMW Fs Securities LLC)
Application of Trust Funds. (a) On each Distribution Payment Date, the Owner Trustee shall cause the Certificate Paying Agent to distribute to Certificateholders all amounts deposited in the Certificate Distribution Account pursuant to Section 5.06 of the Sale and Servicing Agreement with respect to such Distribution Payment Date in the following order of priority:pro rata, based upon each Certificateholder’s Certificate Percentage Interest.
Appears in 1 contract
Application of Trust Funds. (a) On each Distribution Payment Date, the Owner Trustee shall cause the Certificate Paying Agent to distribute to Certificateholders amounts deposited in the Certificate Interest Distribution Account and amounts deposited in the Certificate Principal Distribution Account pursuant to Section 5.06 of the Sale and Servicing Agreement with respect to such Distribution Date in the following order of priority:Payment Date.
Appears in 1 contract
Application of Trust Funds. (a) On each Distribution Date, the Owner Trustee shall cause the Certificate Paying Agent to distribute to Certificateholders, on a pro rata basis among the Certificateholders, amounts deposited in the Certificate Distribution Account and the Certificate Interest Reserve Account pursuant to Section 5.06 of the Sale and Servicing Agreement with respect to such Distribution Date in the following order of priority:Date.
Appears in 1 contract
Samples: Trust Agreement (SSB Vehicle Securities Inc BMW Vehicle Owner Trust 1999-A)
Application of Trust Funds. (a) On each Distribution Date, the Owner Trustee shall cause the Certificate Paying Agent to distribute to Certificateholders amounts deposited in the Certificate Distribution Account pursuant to Section 5.06 of the Sale and Servicing Agreement with respect to such Distribution Date in the following order of priority:Date.
Appears in 1 contract
Samples: Trust Agreement (National City Auto Receivables Trust 2002-A)
