Common use of Distributions from the Note Distribution Account Clause in Contracts

Distributions from the Note Distribution Account. (a) On each Distribution Date, after making all transfers and distributions required to be made on such Distribution Date by Sections 5.05 and 5.08 hereof, the Trust Collateral Agent shall (based on the information contained in the Servicer’s Certificate delivered on the related Determination Date) distribute all amounts on deposit in the Note Distribution Account to Noteholders in the following amounts and in the following order of priority:

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Credit Acceptance Corp), Sale and Servicing Agreement (Credit Acceptance Corp), Sale and Servicing Agreement (Credit Acceptance Corp)

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Distributions from the Note Distribution Account. (a) On each Distribution Date, after making the Trust Collateral Agent has made all transfers and distributions required to be made on such Distribution Date by Sections 5.05 and 5.08 hereof, the Trust Collateral Agent Indenture Trustee shall (based on the information contained in the Servicer’s Certificate delivered on the related Determination Date) distribute all amounts on deposit in the Note Distribution Account to Noteholders in the following amounts and in the following order of priority:

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Credit Acceptance Corp), Sale and Servicing Agreement (Credit Acceptance Corp), Sale and Servicing Agreement (Credit Acceptance Corp)

Distributions from the Note Distribution Account. (a) On each Distribution Date, after making all transfers and distributions required to be made on such Distribution Date by Sections 5.05 and 5.08 hereof, the Trust Collateral Agent shall (based on the information contained in the Servicer’s Certificate delivered on the related Determination Date) distribute all amounts on deposit in the Note Distribution Account to Noteholders in respect of the Class A Notes in the following amounts and in the following order of priority:

Appears in 1 contract

Samples: Sale and Servicing Agreement (Credit Acceptance Corp)

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Distributions from the Note Distribution Account. (a) On each Distribution Date, after making all transfers and distributions required to be made on such Distribution Date by Sections 5.05 5.04, 5.05, 5.06, 5.07 and 5.08 hereofhereof and Section 3.3 of the Indenture, the Trust Collateral Agent shall (based on the information contained in the Servicer’s Certificate delivered on the related Determination Date) distribute all amounts on deposit in the Class A Note Distribution Account or the Class B Note Distribution Account, as the case may be, to Noteholders in respect of the following amounts and Notes in the following order of priorityamounts:

Appears in 1 contract

Samples: Sale and Servicing Agreement (United Fidelity Finance LLC)

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