Common use of Group I Collections Allocation Clause in Contracts

Group I Collections Allocation. Subject to the Past Due Rental Payments Priorities, on each Series 2013-A Deposit Date, HVF II shall direct the Trustee in writing to apply, and the Trustee shall apply, all amounts deposited into the Group I Collection Account on such date as follows: (a) first, withdraw the Series 2013-A Daily Principal Allocation, if any, for such date from the Group I Collection Account and deposit such amount into the Series 2013-A Principal Collection Account; and (b) second, withdraw the Series 2013-A Daily Interest Allocation (other than any amount received in respect of the Series 2013-A Interest Rate Caps that has already been deposited in the Series 2013-A Interest Collection Account), if any, for such date from the Group I Collection Account and deposit such amount in the Series 2013-A Interest Collection Account.

Group I Collections Allocation. Subject to the Past Due Rental Payments Priorities, on each Series 20132014-A Deposit Date, HVF II shall direct the Trustee in writing to apply, and the Trustee shall apply, all amounts deposited into the Group I Collection Account on such date as follows: (a) first, withdraw the Series 20132014-A Daily Principal Allocation, if any, for such date from the Group I Collection Account and deposit such amount into the Series 20132014-A Principal Collection Account; and (b) second, withdraw the Series 20132014-A Daily Interest Allocation (other than any amount received in respect of the Series 20132014-A Interest Rate Caps that has already been deposited in the Series 20132014-A Interest Collection Account), if any, for such date from the Group I Collection Account and deposit such amount in the Series 20132014-A Interest Collection Account.