Common use of Distributions to Issuer Clause in Contracts

Distributions to Issuer. On each Payment Date, based on the information in the Servicing Certificate for the Payment Date and subject to Section 8.03(a),(b), and (c), the Indenture Trustee shall distribute to the Issuer from amounts in the Payment Account (i) any Net Draws Principal Payment for the Payment Date, (ii) the Interest Collections for each Loan Group that are not Investor Interest Collections on the Payment Date for the related Collection Period and are not paid out as Subordinated Transferor Collections under Section 8.03(c), and (iii) the portion of Transferor Principal Collections for each Loan Group for the related Collection Period that are not paid out as Subordinated Transferor Collections under Section 8.03(c). For the purposes of this Section 8.03(e), payments of Subordinated Transferor Collections under Section 8.03(c) shall be considered to be made first from Interest Collections until they are reduced to zero, and then from Principal Collections.

Distributions to Issuer. On each Payment Date, based on the information in the Servicing Certificate for the Payment Date and subject to Section 8.03(a),(b), and (c), the Indenture Trustee shall distribute to the Issuer from amounts in the Payment Account (i) any Net Draws Principal Payment for the Payment Date, (ii) the Interest Collections for each Loan Group that are not Investor Interest Collections on the Payment Date for the related Collection Period and are not paid out as Subordinated Transferor Collections under Section 8.03(c), and, (iii) the portion of Transferor Principal Collections for each Loan Group for the related Collection Period that are not paid out as Subordinated Transferor Collections under Section 8.03(c), and (iv) any funds remaining in the designated trust account pursuant to Section 8.03(g) after the Principal Amount Notes have been repaid in full. For the purposes of this Section 8.03(e), payments of Subordinated Transferor Collections under Section 8.03(c) shall be considered to be made first from Interest Collections until they are reduced to zero, and then from Principal Collections.

Distributions to Issuer. On each Payment Date, based on the information in the Servicing Certificate for the Payment Date and subject to Section 8.03(a),(b), and (c), the Indenture Trustee shall distribute to the Issuer from amounts in the Payment Account (i) any Net Draws Principal Payment for the Payment Date, (ii) the Interest Collections for each Loan Group that are not Investor Available Interest Collections on the Payment Date for the related Collection Period and are not paid out as Subordinated Transferor Collections under Section 8.03(c), and (iii) the portion of Transferor Principal Collections for each Loan Group for the related Collection Period that are not paid out as Subordinated Transferor Collections under Section 8.03(c). For the purposes of this Section 8.03(e), payments of Subordinated Transferor Collections under Section 8.03(c) shall be considered to be made first from Interest Collections until they are reduced to zero, and then from Principal Collections.

Distributions to Issuer. On each Payment Date, based on the information in the Servicing Certificate for the Payment Date and subject to Section 8.03(a),(b8.03(a), (b), (c) and (cd), the Indenture Trustee shall distribute to the Issuer from amounts in the Payment Account (i) any Net Draws Principal Payment for the Payment Date, (ii) the Interest Collections for each Loan Group that are not Investor Interest Collections on the Payment Date for the related Collection Period and are not paid out as Subordinated Transferor Collections under Section 8.03(c8.03(d), and (iii) the portion of Transferor Principal Collections for each Loan Group for the related Collection Period that are not paid out as Subordinated Transferor Collections under Section 8.03(c)8.03(d) in excess of the Net Draws Principal Payment for the Payment Date. For the purposes of this Section 8.03(e), payments of Subordinated Transferor Collections under Section 8.03(c8.03(d) shall be considered to be made first from Interest Collections until they are reduced to zero, and then from Principal Collections.

Distributions to Issuer. On each Payment Date, based on the information in the Servicing Certificate for the Payment Date and subject to Section 8.03(a),(b8.03(a), (b), (c) and (cd), the Indenture Trustee shall distribute to the Issuer from amounts in the Payment Account (i) any Net Draws Draw Principal Payment Amount for the Payment Date, (ii) the Interest Collections for each Loan Group that are not Investor Interest Collections on the Payment Date for the related Collection Period and are not paid out as Subordinated Transferor Collections under Section 8.03(c8.03(d), and (iii) the portion of Transferor Principal Collections for each Loan Group for the related Collection Period that are not paid out as Subordinated Transferor Collections under Section 8.03(c)8.03(d) in excess of the Net Draw Principal Amount for the Payment Date. For the purposes of this Section 8.03(e), payments of Subordinated Transferor Collections under Section 8.03(c8.03(d) shall be considered to be made first from Interest Collections until they are reduced to zero, and then from Principal Collections.