Common use of Collections during the Revolving Period Clause in Contracts

Collections during the Revolving Period. (a) On each Business Day during the Revolving Period, all Collections and Deemed Collections received by the Master Servicer or the Borrower (including any amounts deposited into the Collection Account and amounts remitted by the Master Servicer in accordance with Section 6.2) shall be administered in accordance with Section 6.2 and shall be (i) held in trust for the payment of the accrued and unpaid Aggregate Revolving Principal, if any, that is then due and owing, or (ii) distributed as otherwise set forth in this Agreement.

Collections during the Revolving Period. (a) On each Business Day during the Revolving Period, all Collections and Deemed Collections received by the Master Servicer or the Borrower (including any amounts deposited into the Collection Account and amounts remitted by the Master Servicer in accordance with Section 6.2) shall be administered in accordance with Section 6.2 and, except to the extent such Business Day is a Settlement Date and shall be (i) held in trust for the payment of the accrued and unpaid Aggregate Revolving Principal, if any, that is Unpaids are then due and owingowing to the Administrative Agent, or (ii) distributed for the benefit of the Lenders, such Collections and Deemed Collections shall constitute the proceeds of a Rollover Advance as otherwise set forth provided in this AgreementSection 2.1(b).

Collections during the Revolving Period. (a) On each Business Day during the Revolving Period, all Collections and Deemed Collections received by the Master Servicer or the Borrower (including any amounts deposited into the Collection Account and amounts remitted by the Master Servicer in accordance with Section 6.2) shall be administered in accordance with Section 6.2 and shall be (i) held in trust for the payment of the accrued and unpaid Aggregate Revolving PrincipalUnpaids, if any, that is are then due and owingowing (including, without limitation, Aggregate Principal payable pursuant to Section 1.3(a) or 2.1(b)), or (ii) distributed released to the Borrower as otherwise set forth provided in this AgreementSection 2.1(c).

Collections during the Revolving Period. (a) On each Business Day during the Revolving Period, all Collections and Deemed Collections received by the Master Servicer or the Borrower (including any amounts deposited into the Collection Account and amounts remitted by the Master Servicer in accordance with Section 6.2) shall be administered in accordance with Section 6.2 and, except to the extent such Business Day is a Settlement Date and shall be (i) held in trust for the payment of the accrued and unpaid Aggregate Revolving Principal, if any, that is Unpaids are then due and owingowing to the Lender, or (ii) distributed such Collections and Deemed Collections shall constitute the proceeds of a Rollover Loan as otherwise set forth provided in this AgreementSection 2.1(b).