Common use of Liquidation Settlement Procedures Clause in Contracts

Liquidation Settlement Procedures. On each Business Day from and after the Facility Termination Date until the Termination Date, the Administrative Agent shall, as soon as practicable, transfer all amounts in the Collection Account in the following priority: (a) if a Successor Servicer has assumed the responsibilities and obligations of the Servicers in accordance with Section 11.02, then to the Successor Servicer an amount equal to its accrued and unpaid Successor Servicing Fees and Expenses; (b) to the Purchasers, their respective Pro Rata Shares of an amount equal to accrued and unpaid Daily Yield; (c) to the Administrative Agent, on behalf of the Purchasers, an amount equal to accrued and unpaid Unused Commitment Fees; (d) to the Purchasers, their Pro Rata Shares of an amount equal to the unpaid Capital Investment; (e) all Additional Amounts incurred and payable to any Affected Party and Indemnified Amounts incurred and payable to any Indemnified Person; (f) if a Successor Servicer has not assumed the responsibilities and obligations of the Servicers in accordance with Section 11.02, to the Master Servicer, its pro rata share of the accrued and unpaid Servicing Fee (as advised to the Administrative Agent by the Master Servicer); and (g) to the MRFC Account, the balance of any funds remaining after payment in full of all amounts set forth in this Section 6.04.

Liquidation Settlement Procedures. On each Business Day from and after the Facility Termination Date until the Termination Date, the Administrative Agent shall, as soon as practicable, transfer all amounts then on deposit in the Retention Account to the Collection Account and shall transfer all amounts in the Collection Account (including amounts transferred from the Retention Account pursuant to Section 6.02(c)) in the following priority: (a) if an Event of Servicer Termination has occurred and a Successor Servicer has assumed the responsibilities and obligations of the Servicers Servicer in accordance with Section 11.027.02 of the Servicing Agreement, then to the Successor Servicer an amount equal to its accrued and unpaid Successor Servicing Fees and Expenses; (b) to the PurchasersLenders, their respective Pro Rata Shares of ratably, an amount equal to accrued and unpaid Daily Yield; Yield through and including the date of maturity (if any) of the Commercial Paper (or other funding source) maintaining the Outstanding Principal Amount; (c) to the Lenders, an amount equal to the unpaid Outstanding Principal Amount; (d) to the Administrative Agent, on behalf of the Purchasers, an amount equal to accrued and unpaid Unused Commitment Facility Fees; (d) to the Purchasers, their Pro Rata Shares of an amount equal to the unpaid Capital Investment; ; (e) all Additional Amounts incurred and payable to any Affected Party and Indemnified Amounts incurred and payable to any Indemnified Person; ; and (f) if a Successor an Event of Servicer has Termination shall not assumed the responsibilities and obligations of the Servicers in accordance with Section 11.02have occurred, to the Master Servicer, its pro rata share of Servicer in an amount equal to the accrued and unpaid Servicing Fee (as advised to the Administrative Agent by the Master Servicer)Fee; and (g) to the MRFC Account, the balance of any funds remaining after payment in full of all amounts set forth in this Section 6.04.

Liquidation Settlement Procedures. On each Business Day from and after the Facility Termination Date until the Termination Date, the Administrative Agent shall, as soon as practicable, transfer all amounts in the Collection Account in the following priority: (a) if a Successor Servicer has assumed the responsibilities and obligations of the Servicers any Servicer in accordance with Section 11.02, then to the Successor Servicer an amount equal to its accrued and unpaid Successor Servicing Fees and Expenses; (b) to the Purchasers, their respective Pro Rata Shares of an amount equal to accrued and unpaid Daily Yield; (c) to the Administrative Agent, on behalf of the Purchasers, an amount equal to accrued and unpaid Unused Commitment Fees; (d) to the Purchasers, their respective Pro Rata Shares of an amount equal to the unpaid Capital Investment; WNC Receivables, LLC Receivables Purchase and Servicing Agreement (d) to the Agent, an amount equal to accrued and unpaid Unused Facility Fees; (e) all Additional Amounts incurred and payable to any Affected Party and Indemnified Amounts incurred and payable to any Indemnified Person; (f) if a Successor Servicer has not assumed the responsibilities and obligations of the Servicers in accordance with Section 11.02, to the Master initial Servicer an amount equal to such Servicer, its pro rata share 's ratable portion of the accrued and unpaid Servicing Fee (as advised to the Administrative Agent by the Master Servicer); andFee; (g) to the MRFC Seller Account, the balance of any funds remaining after payment in full of all amounts set forth in this Section 6.046.5.