Common use of Distributions from Accounts Clause in Contracts

Distributions from Accounts. (a) No later than 11:00 a.m. on each Determination Date, following the determinations set forth in Section 8.2, the Servicer will notify the Trustee of such determinations and will cause the Trustee to withdraw in the following priority: (i) the Paid Receivables Amount from the Collection Account and deposit such amount in the Purchase Account; (ii) the Credit Deficiency, if any, from the Seller Credit Reserve Account and deposit such amount in the Purchase Account; (iii) the Rejected Amount, if any, from the Collection Account and deposit it in the Purchase Account; and (iv) the remaining amount from the Collection Account and pay such amount by check or wire transfer to the Seller. (b) Until the Termination Date on each Purchase Date following the Purchase on such date, the Servicer shall cause the Trustee to withdraw (i) all amounts deposited hereunder (net of withdrawals required hereunder) from the Seller Credit Reserve Account in excess of the Specified Credit Reserve Balance and (ii) all amounts deposited hereunder (net of withdrawals required hereunder) from the Offset Reserve Account in excess of the Specified Offset Reserve Balance and shall pay such amounts by check to the Seller.

Distributions from Accounts. (a) No later than 11:00 a.m. on each Determination Date, following the determinations set forth in Section 8.26.2, the Servicer will notify the Trustee of such determinations and will cause the Trustee to withdraw in the following priority: (i) the Paid Receivables Amount from the Collection Account and deposit such amount in the Purchase Account; (ii) the Credit Deficiency, if any, from the Seller Credit Reserve Account and deposit such amount in the Purchase Account; (iii) the Rejected Amount, if any, from the Collection Account and deposit it in the Purchase Account; and (iv) the remaining amount from the Collection Account and pay such amount by check or wire transfer to the Seller. (b) Until the Termination Date on each Purchase Date following the Purchase on such date, the Servicer shall cause the Trustee to withdraw (i) all amounts deposited hereunder (net of withdrawals required hereunder) from the Seller Credit Reserve Account in excess of the Specified Credit Reserve Balance and (ii) all amounts deposited hereunder (net of withdrawals required hereunder) from the Offset Reserve Account in excess of the Specified Offset Reserve Balance and shall pay such amounts by check or wire transfer to the Seller.

Distributions from Accounts. (a) No later than 11:00 a.m. on each Determination Date, following the determinations set forth in Section 8.26.2, the Servicer will notify the Trustee of such determinations and will cause the Trustee to withdraw in the following priority: (i) the Paid Receivables Amount from the Collection Account and deposit such amount in the Purchase Account; (ii) the Credit Deficiency, if any, from the Seller Credit Reserve Account and deposit such amount in the Purchase Account; (iii) the Rejected Amount, if any, from the Collection Account and deposit it in the Purchase Account; and (iv) the remaining amount from the Collection Account and pay such amount by check or wire transfer to deposit it in the SellerSeller Credit Reserve Account and/or the Offset Reserve Account at the Servicer's sole discretion. (b) Until the Termination Date on each Purchase Date following the Purchase on such date, the Servicer shall cause the Trustee to withdraw (i) all amounts deposited hereunder (net of withdrawals required hereunder) from the Seller Credit Reserve Account in excess of the Specified Credit Reserve Balance and (ii) all amounts deposited hereunder (net of withdrawals required hereunder) from the Offset Reserve Account in excess of the Specified Offset Reserve Balance and shall pay such amounts by check wire transfer to the Seller.