DISPOSITION OF COLLECTION ACCOUNT Sample Clauses

DISPOSITION OF COLLECTION ACCOUNT. Except as otherwise noted below, on each Monthly Distribution Date, as described below, the Indenture Trustee shall transfer from the Collection Account the following amounts in the following priority, subject to Available Funds for the immediately preceding Collection Period:
Sample 1
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DISPOSITION OF COLLECTION ACCOUNT. On each Monthly Distribution Date, as described below, the Indenture Trustee shall transfer from the Collection Account the following amounts in the following priority, subject to Available Funds for the immediately preceding Collection Period; provided that, if any moneys are transferred on January 31, 1999 to the Collection Account from the Acquisition Fund pursuant to Section 4.03 hereof in an amount equal to or greater than $1,000,000, all such moneys shall be used solely to pay principal on the Series A-4 Notes on the first Auction Period Distribution Date thereof (rounded down, to the extent necessary, to the nearest Authorized Denomination):
Sample 1
DISPOSITION OF COLLECTION ACCOUNT. On the first Business Day of each calendar month, as described below, the Indenture Trustee shall transfer from the Collection Account the following amounts in the following priority, subject to Available Funds for the second preceding Collection Period:
Sample 1
DISPOSITION OF COLLECTION ACCOUNT. On or before _____________, amounts on deposit in the Collection Account constituting Consolidation Loan prepayments may be applied for the (i) Financing of Consolidation Loans by the Eligible Lender Trustee on behalf of the Issuer that consolidate one or more of the Financed Student Loans, provided that in no event shall the aggregate amount of Financed Student Loans that are Consolidation Loans exceed $___________, or (ii) purchase, directly or indirectly through the Eligible Lender Trustee, by the Issuer of Student Loans for the purpose of combining or consolidating loans of a single obligor (sometimes known as serial loans). The moneys to be so applied will be an amount equal to the full remaining unpaid principal and accrued and unpaid interest and late charges on all Financed Student Loans selected by the obligor for consolidation or by the Issuer for purchase. On each Monthly Distribution Date, as described below, the Indenture Trustee shall transfer from the Collection Account the following amounts in the following priority, subject to Available Funds for the immediately preceding Collection Period:
Sample 1

Related to DISPOSITION OF COLLECTION ACCOUNT

  • Withdrawals from the Collection Account and Distribution Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.03:

  • Withdrawals from the Collection Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.01:

  • Segregation of Collections The Servicer will:

  • Collection of Mortgage Loan Payments; Collection Account; Distribution Account (a) The Master Servicer shall enforce the obligation of the Servicers to collect all payments called for under the terms and provisions of the Mortgage Loans to the extent such procedures shall be consistent with the applicable Servicing Agreement and the terms and provisions of any related Required Insurance Policy.

  • Permitted Withdrawals from the Collection Account and Distribution Account (a) The Master Servicer may from time to time make withdrawals from the Collection Account for the following purposes:

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

  • The Collection Account (a) The Trust Administrator shall establish and maintain in the name of the Notes Intermediary the Collection Account as provided in Section 5.07, which account shall be pledged to the Indenture Trustee for the benefit of the Noteholders.

  • Distributions from Collection Account Subject to Section 8.2(e), on each Payment Date the Indenture Trustee will (based on the information in the most recent Monthly Investor Report) withdraw from the Collection Account and make deposits and payments, to the extent of Available Funds in the Collection Account for that Payment Date, in the following order of priority (pro rata within each priority level based on the amounts due except as otherwise stated):

  • Excess Collection Account Amounts allocated to the Series 2023-2 Excess Collection Account on any Series 2023-2 Deposit Date will be (w) first, deposited in the Series 2023-2 Reserve Account in an amount up to the excess, if any, of the Series 2023-2 Required Reserve Account Amount for such date over the Series 2023-2 Available Reserve Account Amount for such date, (x) second, used to pay the principal amount of other Series of Notes that are then in amortization, (y) third, released to AESOP Leasing in an amount equal to the product of (A) the Loan Agreement’s Share with respect to the AESOP I Operating Lease Loan Agreement as of such date and (B) 100% minus the Loan Payment Allocation Percentage with respect to the AESOP I Operating Lease Loan Agreement as of such date and (C) the amount of any remaining funds and (z) fourth, paid to ABRCF for any use permitted by the Related Documents including to make Loans under the Loan Agreements to the extent the Borrowers have requested Loans thereunder and Eligible Vehicles are available for financing thereunder; provided, however, that in the case of clauses (x), (y) and (z), that no Amortization Event, Series 2023-2 Enhancement Deficiency or AESOP I Operating Lease Vehicle Deficiency would result therefrom or exist immediately thereafter. Upon the occurrence of an Amortization Event and once a Trust Officer has actual knowledge of the Amortization Event, funds on deposit in the Series 2023-2 Excess Collection Account will be withdrawn by the Trustee, deposited in the Series 2023-2 Collection Account and allocated as Principal Collections to reduce the Series 2023-2 Invested Amount on the immediately succeeding Distribution Date.

  • Permitted Withdrawals from the Collection Account The Servicer may, from time to time, withdraw funds from the Collection Account for the following purposes:

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