Interest Collections. On each Payment Date, so long as no Event of Default has occurred and is continuing, the Borrower shall direct the Collateral Custodian (which direction shall be deemed given upon receipt by the Collateral Custodian of the related Payment Date Report) to pay pursuant to the latest Payment Date Report (and the Collateral Custodian shall make payment from the Interest Collection Account to the extent of Available Funds, in reliance on the information set forth in such Payment Date Report) to the following Persons, the following amounts in the following order of priority:
Interest Collections. Any and all (i) amounts received in respect of any interest, fees or other similar charges on a Transferred Loan (other than a Defaulted Loan) from or on behalf of any Obligors that are deposited into the Collection Account, (ii) all payments or proceeds of any Defaulted Loan to the extent that such payments and proceeds in the aggregate exceed the principal balance of such Defaulted Loan, (iii) all payments and proceeds from Supplemental Interests, and (iv) interest and other net earnings from amounts on deposit in the Collection Account. For the avoidance of doubt, no amounts that relate to Defaulted Loans, other than as provided in clause (ii) above, shall constitute “Interest Collections”.
Interest Collections. On each Quarterly Payment Date, so long as no Event of Default has occurred and is continuing, the Collateral Manager shall direct the Collateral Custodian (which direction shall be deemed given upon receipt by the Collateral Custodian of the related Quarterly Payment Date Report) to pay pursuant to the latest Quarterly Payment Date Report (and the Collateral Custodian shall make payments from the Interest Collection Account to the extent of Available Funds, in reliance on the information set forth in such Quarterly Payment Date Report) to the following Persons, the following amounts in the following order of priority:
Interest Collections. So long as no Event of Default has occurred and is continuing, the Administrative Agent, on behalf of the Facility Servicer and the Borrower, shall (as directed pursuant to the first paragraph of this Section 2.08) instruct the Account Bank to transfer Interest Collections (with respect to all Term Loan Series) held by the Account Bank in the Collection Account in accordance with the Payment Date Report for such Payment Date, and shall distribute such funds, to the following Persons in the following amounts, calculated as of the most recent Determination Date, in the following order and priority:
Interest Collections. The Administrative Agent (in consultation with the Facility Servicer and on behalf of the Borrower) shall (as directed pursuant to this Section 2.08(a)) instruct the Account Bank to transfer Interest Collections held by the Account Bank in the Collection Account, in accordance with the Payment Date Report, to the following Persons in the following amounts, calculated as of the most recent Determination Date, in the following order and priority, with respect to Interest Collections:
Interest Collections. With respect to any Settlement Period, the aggregate of the following amounts (without duplication): all payments of interest, late payment charges and other fees made by Purchasers with respect to the Collateral; provided, however, that (i) if any of the aforementioned amounts have been conditionally credited to the account in which such amounts have been deposited during such Settlement Period but are subsequently deducted from such account as a result of a chargeback of uncollected funds by the financial institution at which such account is maintained prior to the allocation of such amounts pursuant to the SPV Loan Agreement, then such aforementioned amounts shall be calculated net of any such chargeback and (ii) if such chargeback occurs after such allocation, the amount of such chargeback can be withdrawn from subsequently received Interest Collections.
