Common use of During Payment Period Clause in Contracts

During Payment Period. On each day during the Payment Period for the 2005-A Certificates until the Certificate Balance of the 2005-A Certificates have been distributed or provided for in full, after the Fully Funded Date for all outstanding series of Term Notes and Revolving Notes has occurred, the Servicer will instruct the Indenture Trustee to withdraw from the Collection Account and transfer to the Trust for deposit in the Certificate Distribution Account for the 2005-A Certificates all Available Trust Principal allocated to the Certificates on such day pursuant to the applicable clause of Section 4.5(d) of the Trust Sale and Servicing Agreement.

Appears in 2 contracts

Samples: Superior Wholesale Inventory Financing Trust Xii, Superior Wholesale Inventory Financing Trust Xi

AutoNDA by SimpleDocs

During Payment Period. On each day during the Payment Period for the 2005-A Certificates until the Certificate Balance of the 2005-A Certificates have been distributed or provided for in full, after the Fully Funded Date for all outstanding series of Term Notes and Revolving Notes has occurred, the Servicer will instruct the Indenture Trustee to withdraw from the Collection Account and transfer to the Trust for deposit in the Certificate Distribution Account for the 2005-A Certificates all Available Trust Principal allocated to the Certificates on such day pursuant to the applicable clause of Section 4.5(d) of the Trust Sale and Servicing Agreement.

Appears in 1 contract

Samples: Trust Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1)

During Payment Period. On each day during the Payment Period for the 20052004-A Certificates until the Certificate Balance of the 20052004-A Certificates have been distributed or provided for in full, after the Fully Funded Date for all outstanding series of Term Notes and Revolving Notes has occurred, the Servicer will instruct the Indenture Trustee to withdraw from the Collection Account and transfer to the Trust for deposit in the Certificate Distribution Account for the 20052004-A Certificates all Available Trust Principal allocated to the Certificates on such day pursuant to the applicable clause of Section 4.5(d) of the Trust Sale and Servicing Agreement.

Appears in 1 contract

Samples: Superior Wholesale Inventory Financing Trust X

AutoNDA by SimpleDocs

During Payment Period. On each day during the Payment Period for the 2005-A [•] Certificates until the Certificate Balance of the 2005-A [•] Certificates have been distributed or provided for in full, after the Fully Funded Date for all outstanding series of Term Notes and Revolving Notes has occurred, the Servicer will instruct the Indenture Trustee to withdraw from the Collection Account and transfer to the Trust for deposit in the Certificate Distribution Account for the 2005-A [•] Certificates all Available Trust Principal allocated to the Certificates on such day pursuant to the applicable clause of Section 4.5(d) of the Trust Sale and Servicing Agreement.

Appears in 1 contract

Samples: Trust Agreement (Wholesale Auto Receivables Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.