Common use of Collections Prior to Amortization Clause in Contracts

Collections Prior to Amortization. (a) Subject to the following paragraph (b), prior to the Amortization Date, any Collections and/or Deemed Collections received by the Servicer shall be set aside and held in trust by the Servicer for the payment of any accrued and unpaid Aggregate Unpaids or for a Reinvestment as provided in this Section 2.2.

Appears in 5 contracts

Samples: Securitization Property Servicing Agreement (Consumers Energy Co), Securitization Property Servicing Agreement (Consumers Energy Co), Receivables Purchase Agreement (CMS Energy Corp)

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Collections Prior to Amortization. (a) Subject to the following paragraph (b), prior to the Amortization Date, any Collections and/or Deemed Collections received by the Servicer shall be set aside and held in trust by the Servicer for the payment of any accrued and unpaid Aggregate Unpaids or for a Reinvestment as provided in this Section 2.23.2.

Appears in 1 contract

Samples: Receivables Purchase Agreement (PNM Resources Inc)

Collections Prior to Amortization. (a) Subject to the following paragraph (b)Section 2.2(b) below, prior to the Amortization Date, any Collections and/or Deemed Collections received by the Servicer shall be set aside and held in trust by the Servicer for the payment of any accrued and unpaid Aggregate Unpaids or for a Reinvestment as provided in this Section 2.2.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lennox International Inc)

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Collections Prior to Amortization. (a) Subject to the following paragraph (b), prior Prior to the Amortization Date, any Collections and/or Deemed Collections received by the Servicer shall be set aside and held in trust by the Servicer for the payment of any accrued and unpaid Aggregate Unpaids or for a Reinvestment as provided in this Section 2.2.

Appears in 1 contract

Samples: Receivables Purchase Agreement (LKQ Corp)

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