Common use of Cash Flows Clause in Contracts

Cash Flows. (a) Subject to Section 7.01(b) of the Titling Trust Agreement and Sections 12.04 and 12.05 hereof, and except as otherwise provided herein, in any SUBI Supplement or in any related SUBI Servicing Supplement, the Servicer or Titling Trustee shall deposit as described in Section 7.01(b) of the Titling Trust Agreement all collections and proceeds received by the Servicer with respect to any Contract or Leased Vehicle, whether from regular periodic payments by obligors under a Contract sent to a Servicer lock box or from any other payments from such obligors or any other Persons received in any other way by the Servicer. All such collections and proceeds shall be identified by the Servicer as related either to (i) Contracts and Leased Vehicles in a particular SUBI Portfolio or (ii) Contracts and Leased Vehicles remaining as part of the UTI Portfolio and shall be deposited by the Servicer into the appropriate SUBI Collection Account to the extent they relate to any SUBI Portfolio and into the UTI Collection Account (or simply paid to the UTI Beneficiary by the Servicer if the UTI Beneficiary and the Servicer are not the same person) to the extent they relate to the UTI Portfolio. (b) Except as provided in Sections 12.01, 12.04 and 12.05 of this UTI Supplement, or as provided in any SUBI Supplement or related SUBI Servicing Supplement, the Titling Trustee shall, at the direction of the Servicer, make, or cause to be made, the following payments and transfers on each Distribution Date in the following order and priority: (i) to or on behalf of the Servicer, all Servicer Expenses incurred during the related Collection Period, together with any unreimbursed Servicer Expenses incurred in one or more prior Collection Periods; (ii) to or on behalf of the Servicer, all Servicing Fees incurred during the related Collection Period, together with any unpaid Servicing Fees incurred in one or more prior Collection Periods; (iii) to or on behalf of the Person to whom due, all Titling Trust Expenses incurred during the related Collection Period, together with any unpaid Titling Trust Expenses incurred in one or more prior Collection Periods; and (iv) to or upon the direction of the UTI Beneficiary, any remaining funds therein. (c) Except as provided in Sections 12.04 and 12.05 of this UTI Supplement, or as provided in any SUBI Supplement or related SUBI Servicing Supplement, the Titling Trustee shall, at the direction of the Servicer, make, or cause to be made (or permit the allocation by the Servicer with respect to monies held by the Servicer), on each Funding Advance Reimbursement Date, payment from the Lease Funding Account (or from monies held by the Servicer and allocable or distributable therefor) to or on behalf of the Servicer, the related Funding Advance Reimbursement Amount, together with any unreimbursed Funding Advance Reimbursement Amounts incurred in one or more prior Collection Periods. (d) Unless this UTI Supplement is amended to reflect a different arrangement specified in any one or more SUBI Supplements, the allocation of Liabilities of the Titling Trust, including with respect to any Affected Trust Assets, shall be as specified in Section 3.04 of the Titling Trust Agreement.

Cash Flows. (a) Subject to Section 7.01(b) of the Titling Trust Agreement and Sections 12.04 and 12.05 hereof, and except as otherwise provided herein, in any SUBI Supplement or in any related SUBI Servicing Supplement, the Servicer or Titling Trustee shall deposit as described in Section 7.01(b) of the Titling Trust Agreement all collections and proceeds received by the Servicer with respect to any Contract or Leased Vehicle, whether from regular periodic payments by obligors under a Contract sent to a Servicer lock box or from any other payments from such obligors or any other Persons received in any other way by the Servicer. All such collections and proceeds shall be identified by the Servicer as related either to (i) Contracts and Leased Vehicles in a particular SUBI Portfolio or (ii) Contracts and Leased Vehicles remaining as part of the UTI Portfolio and shall be deposited by the Servicer into the appropriate SUBI Collection Account to the extent they relate to any SUBI Portfolio and into the UTI Collection Account (or simply paid to the UTI Beneficiary by the Servicer if the UTI Beneficiary and the Servicer are not the same person) to the extent they relate to the UTI Portfolio. (b) Except as provided in Sections 12.01, 12.04 and 12.05 of this UTI Supplement, or as provided in any SUBI Supplement or related SUBI Servicing Supplement, the Titling Trustee shall, at the direction of the Servicer, make, or cause to be made, the following payments and transfers on each Distribution Date from the UTI Collection Account or the appropriate SUBI Accounts (as and to the extent specified in the related SUBI Supplement, SUBI Servicing Supplement or Securitization Trust Agreement) in the following order and priority: (i) to or on behalf of the Servicer, all Servicer Expenses incurred during the related Collection Period, together with any unreimbursed Servicer Expenses incurred in one or more prior Collection Periods; (ii) to or on behalf of the Servicer, all Servicing Fees incurred during the related Collection Period, together with any unpaid Servicing Fees incurred in one or more prior Collection Periods; (iii) to or on behalf of the Person to whom due, all Titling Trust Expenses incurred during the related Collection Period, together with any unpaid Titling Trust Expenses incurred in one or more prior Collection Periods; and (iv) to or upon the direction of the UTI Beneficiary, any remaining funds therein. (c) Except as provided in Sections 12.04 and 12.05 of this UTI Supplement, or as provided in any SUBI Supplement or related SUBI Servicing Supplement, the Titling Trustee shall, at the direction of the Servicer, make, or cause to be made (or permit the allocation by the Servicer with respect to monies held by the Servicer), on each Funding Advance Reimbursement Date, payment from the Lease Funding Account (or from monies held by the Servicer and allocable or distributable therefor) to or on behalf of the Servicer, the related Funding Advance Reimbursement Amount, together with any unreimbursed Funding Advance Reimbursement Amounts incurred in one or more prior Collection Periods. (d) Unless this UTI Supplement is amended to reflect a different arrangement specified in any one or more SUBI Supplements, the allocation of Liabilities of the Titling Trust, including with respect to any Affected Trust Assets, shall be as specified in Section 3.04 of the Titling Trust Agreement.