Common use of Monthly Application of Collections Clause in Contracts

Monthly Application of Collections. On each Settlement Date, the Administrator shall direct the Indenture Trustee in writing to withdraw from the Series 2010-1 General Collection Subaccount and allocate to the Series 2010-1 Settlement Collection Subaccount an amount equal to Total Cash Available for such Settlement Date (less an amount equal to the investment income from the Series 2010-1 General Collection Subaccount and the Series 2010-1 Principal Collection Subaccount transferred to the Series 2010-1 Settlement Collection Subaccount pursuant to Section 5A.1(b)).

Monthly Application of Collections. On each Settlement Date, the Administrator shall direct the Indenture Trustee in writing to withdraw from the Series 20102009-1 4 General Collection Subaccount and allocate to the Series 20102009-1 4 Settlement Collection Subaccount an amount equal to Total Cash Available for such Settlement Date (less an amount equal to the investment income from the Series 20102009-1 4 General Collection Subaccount and the Series 20102009-1 4 Principal Collection Subaccount transferred to the Series 20102009-1 4 Settlement Collection Subaccount pursuant to Section 5A.1(b)).

Monthly Application of Collections. On each Settlement Date, the Administrator shall direct the Indenture Trustee in writing to withdraw from the Series 20102009-1 3 General Collection Subaccount and allocate to the Series 20102009-1 3 Settlement Collection Subaccount an amount equal to Total Cash Available for such Settlement Date (less an amount equal to the investment income from the Series 20102009-1 3 General Collection Subaccount and the Series 20102009-1 3 Principal Collection Subaccount transferred to the Series 20102009-1 3 Settlement Collection Subaccount pursuant to Section 5A.1(b)).

Monthly Application of Collections. On each Settlement Date, the Administrator shall direct the Indenture Trustee in writing to withdraw from the Series 20102011-1 General Collection Subaccount and allocate to the Series 20102011-1 Settlement Collection Subaccount an amount equal to Total Cash Available for such Settlement Date (less an amount equal to the investment income from the Series 20102011-1 General Collection Subaccount and the Series 20102011-1 Principal Collection Subaccount transferred to the Series 20102011-1 Settlement Collection Subaccount pursuant to Section 5A.1(b)).

Monthly Application of Collections. On each Settlement Date, the Administrator shall direct the Indenture Trustee in writing to withdraw from the Series 20102009-1 General Collection Subaccount and allocate to the Series 20102009-1 Settlement Collection Subaccount an amount equal to Total Cash Available for such Settlement Date (less an amount equal to the investment income from the Series 20102009-1 General Collection Subaccount and the Series 20102009-1 Principal Collection Subaccount transferred to the Series 20102009-1 Settlement Collection Subaccount pursuant to Section 5A.1(b)).

Monthly Application of Collections. On each Settlement Date, the Administrator shall direct the Indenture Trustee in writing to withdraw from the Series 20102009-1 2 General Collection Subaccount and allocate to the Series 20102009-1 2 Settlement Collection Subaccount an amount equal to Total Cash Available for such Settlement Date (less an amount equal to the investment income from the Series 20102009-1 2 General Collection Subaccount and the Series 20102009-1 2 Principal Collection Subaccount transferred to the Series 20102009-1 2 Settlement Collection Subaccount pursuant to Section 5A.1(b)).