Common use of Carrying Cost True-Up Amount Clause in Contracts

Carrying Cost True-Up Amount. Two Business Days prior to the end of each Settlement Period, the Administrative Agent shall determine the Purchase Discount pursuant to (a) above by using the actual Purchase Discount for each day elapsed in such month and estimating the Purchase Discount for each remaining day in such month. In addition, the Administrative Agent shall concurrently notify the Servicer of the actual Purchase Discount for any days during the immediately preceding Settlement Period with respect to which the Purchase Discount was estimated, and the difference, if any, between the Carrying Costs actually paid using the estimated Purchase Discount and the Carrying Costs which would have been paid had the actual Purchase Discount been available (such differential being the "Carrying Costs True-Up Amount"). If the amount of Carrying Costs paid for such immediately preceding Settlement Period based upon an estimated Purchase Discount was less than the amount of Carrying Costs for such Settlement Period based upon the actual Purchase Discount, the amount of Collections remitted to the Administrative Agent pursuant to Section 5.3(i) shall be increased by an amount equal to the Carrying Costs True-Up Amount, or, if the amount of Carrying Costs paid for such immediately preceding Settlement Period based upon an estimated Purchase Discount was greater than the amount of Carrying Costs for such Settlement Period based upon the actual Purchase Discount, the amount of Collections remitted to the Administrative Agent pursuant to Section 5.3(i) shall be decreased by an amount equal to the Carrying Costs True-Up Amount.

Carrying Cost True-Up Amount. Two Business Days prior to the end of each Settlement Period, the Administrative Funding Agent shall determine the Purchase Discount pursuant to (a) above by using the actual Purchase Discount for each day elapsed in such month and estimating the Purchase Discount for each remaining day in such month. In addition, the Administrative Funding Agent shall concurrently notify the Servicer of the actual Purchase Discount for any days during the immediately preceding Settlement Period with respect to which the Purchase Discount was estimated, and the difference, if any, between the Carrying Costs actually paid using the estimated Purchase Discount and the Carrying Costs which would have been paid had the actual Purchase Discount been available (such differential being the "Carrying Costs True-True- Up Amount"). If the amount of Carrying Costs paid for such immediately preceding Settlement Period based upon an estimated Purchase Discount was less than the amount of Carrying Costs for such Settlement Period based upon the actual Purchase Discount, the amount of Collections remitted to the Administrative Funding Agent pursuant to Section 5.3(i) shall be increased by an amount equal to the Carrying Costs True-Up Amount, or, if the amount of Carrying Costs paid for such immediately preceding Settlement Period based upon an estimated Purchase Discount was greater than the amount of Carrying Costs for such Settlement Period based upon the actual Purchase Discount, the amount of Collections remitted to the Administrative Funding Agent pursuant to Section 5.3(i) shall be decreased by an amount equal to the Carrying Costs True-Up Amount.