Common use of Deposits to Note Payment Account Clause in Contracts

Deposits to Note Payment Account. On the Withdrawal Date with -------------------------------- respect to each Payment Date, the Indenture Trustee (based on information contained in the Servicer's Monthly Remittance Report for such Payment Date) shall (i) withdraw the Available Collection Amount with respect to such Payment Date from the Collection Account, (x) pay the portion thereof representing 76.67% of amounts attributable to interest collected during the initial Due Period to the Transferor, (y) pay the portion thereof representing income or gain from investments credited to the Collection Account during the preceding Due Period to the Servicer as Servicing Compensation with respect to such Payment Date, and (z) deposit the remainder in the Note Payment Account and (ii) make withdrawals from the Pre-Funding Account of amounts required to be deposited in the Note Payment Account from such accounts on such Withdrawal Date and deposit into the Note Payment Account the amounts so withdrawn.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Firstplus Investment Corp)

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Deposits to Note Payment Account. On the Withdrawal Date with -------------------------------- respect to each Payment Date, the Indenture Trustee (based on information contained in the Servicer's Monthly Remittance Report for such Payment Date) shall (i) withdraw the Available Collection Amount with respect to such Payment Date from the Collection Account, (x) pay the portion thereof representing 76.67% of amounts attributable to interest collected during the initial Due Period to the Transferor, (y) pay the portion thereof representing income or gain from investments credited to the Collection Account during the preceding Due Period to the Servicer as Servicing Compensation with respect to such Payment Date, and (z) deposit the remainder in the Note Payment Account and (ii) make withdrawals from the Pre-Funding Account and the Capitalized Interest Account, as applicable, of amounts required to be deposited in the Note Payment Account from such accounts on such Withdrawal Date and deposit into the Note Payment Account the amounts so withdrawn.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Firstplus Investment Corp)

Deposits to Note Payment Account. On the Withdrawal Date with -------------------------------- respect to each Payment Date, the Indenture Trustee (based on information contained in the Servicer's Monthly Remittance Report for such Payment Date) shall (i) withdraw the Available Collection Amount with respect to such Payment Date from the Collection Account, (x) pay the portion thereof representing 76.6780.00% of amounts attributable to interest collected during the initial Due Period to the Transferor, (y) pay the portion thereof representing income or gain from investments credited to the Collection Account during the preceding Due Period to the Servicer as Servicing Compensation with respect to such Payment Date, and (z) deposit the remainder in the Note Payment Account and (ii) make withdrawals from the Pre-Funding Account of amounts required to be deposited in the Note Payment Account from such accounts on such Withdrawal Date and deposit into the Note Payment Account the amounts so withdrawn.

Appears in 1 contract

Samples: Subsequent Transfer Agreement (Firstplus Investment Corp)

Deposits to Note Payment Account. On the Withdrawal Date with -------------------------------- respect to each Payment Date, the Indenture Trustee (based on information contained in the Servicer's Monthly Remittance Report for such Payment Date) shall (i) withdraw the Available Collection Amount with respect to such Payment Date from the Collection Account, (x) pay the portion thereof representing 76.67% of amounts attributable to interest collected during the initial Due Period to the Transferor, (y) pay the portion thereof representing income or gain from investments credited to the Collection Account during the preceding Due Period to the Servicer as Servicing Compensation with respect to such Payment Date, and (z) deposit the remainder in the Note Payment Account and (ii) make withdrawals from the Pre-Funding Account of amounts required to be deposited in the Note Payment Account from such accounts on such Withdrawal Date and deposit into the Note Payment Account the amounts so withdrawn.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Firstplus Investment Corp)

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Deposits to Note Payment Account. On the Withdrawal Date with -------------------------------- respect to each Payment Date, the Indenture Trustee (based on information contained in the Servicer's Monthly Remittance Report for such Payment Date) shall (i) withdraw the Available Collection Amount with respect to such Payment Date from the Collection Account, (x) pay the portion thereof representing 76.67% one-third of amounts attributable to interest collected during the initial Due Period to the Transferor, (y) pay the portion thereof representing income or gain from investments credited to the Collection Account during the preceding Due Period to the Servicer as Servicing Compensation with respect to such Payment Date, and (z) deposit the remainder in the Note Payment Account and (ii) make withdrawals from the Pre-Funding Account of amounts required to be deposited in the Note Payment Account from such accounts on such Withdrawal Date and deposit into the Note Payment Account the amounts so withdrawn.

Appears in 1 contract

Samples: Administration Agreement (Firstplus Investment Corp)

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