Non-Liquidation Settlement Procedures. On each day prior to the Termination Date, the Servicer shall: out of Collections in respect of each Percentage Interest received on such day, (i) set aside on its books and hold in trust for the Owner of such Percentage Interest an amount equal to the Yield and Servicing Fee accrued through such day for such Percentage Interest and not so previously set aside, (ii) set aside on its books and pay to the Agent and the Owners amounts then due to them hereunder including without limitation Section 10.07 that have not been paid and (iii) subject to Section 3.02, reinvest the remainder of such Collections (such reinvested portion of Collections being "Reinvested Collections"), for the benefit of such Owner, by recomputation of such Percentage Interest pursuant to Section 2.03 as of the end of such day and the payment of such remainder to the Seller or such other Person as the Seller shall direct; provided that if for any reason any portion of such remaining Collections cannot be so reinvested (including, without limitation, the inability to satisfy the conditions in Section 3.02) or are not to be reinvested pursuant to Section 2.06(b), the Servicer shall set aside such portion on its books and hold such portion in trust for the Owner of such Percentage Interest. The recomputed Percentage Interest shall constitute the percentage ownership interest in the Receivables on such day held by such Owner. On each Settlement Date in respect of each Purchase Period for each Percentage Interest to occur prior to the Termination Date (and, if the Agent shall so request following a Transition Event, on each Business Day during such Purchase Period), the Servicer shall deposit to the Agent's Account the amounts set aside as described in the first sentence of this Section 2.05 other than (unless the Agent shall specify otherwise) amounts set aside for Servicing Fee (which amounts the Servicer shall retain for its own account). It is understood that funds reinvested as provided in clause (iii) of such sentence shall not be so deposited. Upon receipt of such funds by the Agent, the Agent shall distribute them first, to the Owner of such Percentage Interest in full payment of the accrued Yield for such Percentage Interest and any other amounts then due to such Owner hereunder, second, to the Servicer in full payment of the accrued Servicing Fee payable with respect to such Percentage Interest, and third to the partial liquidation of the Owners' Percentage Interests as contemplate...
Non-Liquidation Settlement Procedures. (a) On each day (other than a Liquidation Day) the Agent shall, out of Collections of Pool Receivables received on such day:
(i) first, set aside and hold in trust for the Servicer and the Owners an amount in U.S. Dollars equal to the sum of (A) the Servicer Fee, if any, accrued through such day and not so previously set aside, (B) the aggregate Yield, the Unused Commitment Fee, the Agent’s Fee and any other fees accrued hereunder through such day and not so previously set aside, and (C) the aggregate of any other amounts then accrued or owed hereunder by the Seller to such Owners and not so previously set aside;
(ii) second, distribute an amount in U.S. Dollars equal to the aggregate Capital Investments made in respect of Swing Increases to the Swing Purchaser, to be applied to reduce the Capital of such Swing Increases;
(iii) third, if such day is the second Business Day of the week, distribute to the Owners an amount in U.S. Dollars equal to that amount, if any, which would be required to reduce Capital so that the Receivable Percentage would not, after giving effect to the Collections of Pool Receivables and the addition of new Pool Receivables on such day and the resulting recomputation of the Receivable Percentage pursuant to Section 2.06 as of the end of such day, exceed 100%;
(iv) fourth, set aside the remainder of such Collections in an amount not greater than the aggregate Capital then outstanding, for the benefit, on a pari passu basis, of the Owners; and
(v) fifth, to the extent of any further remaining Collections and subject to Sections 2.10(f) and 11.09(b) , return the remainder of such Collections to the Seller.
(b) On each applicable Yield Payment Date, the Agent shall distribute the amounts set aside as described in clause (i) of Section 2.07(a) above (other than the Agent’s Fee), first, to the Servicer in payment of the accrued Servicer Fee, if any, payable, to the Owners in payment of the accrued Yield and the Unused Commitment Fees, pari passu, and second, in payment of any other amounts then owed by the Seller hereunder (including, without limitation, all fees payable hereunder and not paid above except for the Servicer Fee). On each day, the Agent shall distribute the amounts set aside as described in clause (iv) of Section 2.07(a) above to the Seller as reinvestment in Purchased Property, for the benefit of the Owners.
(c) On each anniversary of the Effective Date, the Agent shall distribute the amounts set aside as described in cla...
Non-Liquidation Settlement Procedures. Prior to the Termination Date, on each Payment Date, the Cash Administrator shall pay to the following Persons, from the Collection Account, to the extent of Available Amounts on deposit in the Collection Account with respect to the related Collection Period (and after giving effect to any transfers into the Collection Account contemplated in Section 2.3(e)), the following amounts in the following order of priority:
(i) first, to the Cash Administrator, any accrued and unpaid Cash Administrator Fees and to the Lockbox Bank, any accrued and unpaid Lockbox Fees;
(ii) second, to the Back-up Servicer, any accrued and unpaid Back-up Servicer Fees and to the Custodian, any accrued and unpaid Custodian Fees;
(iii) third, to the Servicer, any Unreimbursed Servicer Advances (which reimbursement shall be applicable to any Predecessor Servicer);
(iv) fourth, to the Deed Custodian to allow the Deed Custodian to make Protective Advances;
(v) fifth, to any Servicer which is the Servicer by virtue of a Servicer Transfer, and which Servicer is not Bluegreen or any Affiliate thereof, to such Servicer, any accrued and unpaid Servicing Fees;
(vi) sixth, to any Servicer or any subservicer (if applicable) which is the Servicer by virtue of a Servicer Transfer, and which Servicer or subservicer is not Bluegreen or any Affiliate thereof, to such Servicer or subservicer any accrued and unpaid Remarketing Fees;
(vii) seventh, to the Purchaser, an amount equal to the accrued and unpaid Yield, Yield on Yield and Volume Yield;
(viii) eighth, to the Purchaser, an amount equal to the Capital Payment Amount;
(ix) ninth, to the Servicer, any accrued and unpaid Servicing Fees (to the extent not paid under clause (v) above);
(x) tenth, to the Servicer for accrued and unpaid Remarketing Fees;
(xi) eleventh, to the Cash Administrator, for deposit into the Reserve Account, an amount up to that required to cause the amounts on deposit in the Reserve Account to equal the Reserve Account Required Amount;
(xii) twelfth, to the Purchaser, any amounts due and owing under Section 12.9 hereof and not paid by the Seller pursuant to such Section; and
(xiii) thirteenth, any remaining amounts to the Seller, as a deferred payment for the Assets in the Asset Pool as of or prior to the end of the related Collection Period (each such payment, a "DEFERRED PAYMENT").
Non-Liquidation Settlement Procedures. On each day (other than a Liquidation Day or a Provisional Liquidation Day) during each Settlement Period for each Eligible Asset, the Collection Agent shall: (i) out of Collections of Pool Receivables attributable to such Eligible Asset received on such day, set aside and hold in trust for the Owner of such Eligible Asset an amount equal to the Yield and Collection Agent Fee accrued through such day for such Eligible Asset and not so previously set aside and (ii) reinvest the remainder of such Collections, for the benefit of such Owner, by recomputation of such Eligible Asset pursuant to Section 2.04 as of the end of such day and the payment of such remainder to the Seller; provided, however, that, to the extent that the Agent or any Owner shall be required for any reason to pay over any amount of Collections which shall have been previously reinvested for the account of such Owner pursuant hereto, such amount shall be deemed not to have been so applied but rather to have been retained by the Seller and paid over for the account of such Owner and, notwithstanding any provision hereof to the contrary,
Non-Liquidation Settlement Procedures. (a) On each day (other than a Liquidation Day) on which Collections are received in the Collection Account, Custodian shall set aside and hold all such funds in trust for the benefit of Paying Agent and the recipients described below. On each Interest Payment Date, Paying Agent will in turn transfer such funds to the recipients described below in accordance with the terms of the Paying Agent Agreement.
(b) On or prior to the Business Day preceding each Cut-Off Date, Facility Agent will provide SunAmerica with written notice detailing Interest owing to Facility Agent on the next succeeding Interest Payment Date, including a list of all CP Costs. If the period covered by such notice includes one or more Modified Tranche Periods, such notice shall include Facility Agent's good faith estimate of the Interest with respect to any Modified Tranche Period not ended prior to the date the notice is due; provided, that Facility Agent's notice for the succeeding period will include any necessary adjustment for any underpayment or overpayment of Interest. SunAmerica shall include such amounts in its notice to Customer pursuant to the next sentence. On or prior to each Cut-Off Date, Facility Agent, SunAmerica and each other Purchaser Representative will provide Customer with written notice detailing all unpaid amounts owing by Customer to such Person (and, in the case of SunAmerica, including amounts owing to Facility Agent in respect of Interest, including, if applicable, CP Costs) under this Agreement for payment on the next succeeding Interest Payment Date in accordance with the respective priorities set forth in Sections 2.5(c) and 2.6(b) below. Any amounts not so invoiced or paid may be submitted on or before any subsequent Cut-Off Date for payment on the next succeeding Interest Payment Date.
(c) On each Interest Payment Date (if no Liquidation Day shall have occurred since the last Interest Payment Date), Paying Agent shall make remittances in accordance with the terms of the Paying Agent Agreement in the following priority:
(i) first, concurrently, (A) to Servicer (x) an amount equal to the sums paid into the Collection Account by an Obligor for deposit into any escrow account to be maintained by Servicer, and (y) an amount equal to the unpaid fees and expenses owing to Servicer under the Servicing Agreement with respect to all Prior Periods, and (B) to itself, an amount equal to the unpaid fees and expenses payable to Custodian and Paying Agent under this Agree...
Non-Liquidation Settlement Procedures. On each day (other than a Liquidation Day or a Provisional Liquidation Day) during each Settlement Period for each Share, the Collection Agent shall: (i) out of Collections of Pool Receivables attributable to such Share received on such day, set aside and hold in trust for the Owner of such Share an amount equal to the Yield, Miscellaneous Fees and Collection Agent Fee accrued through such day for such Share and not so previously set aside and (ii) reinvest the remainder of such Collections, for the benefit of such Owner, by recomputation of such Share pursuant to Section 2.04 as of the end of such day and the payment of such remainder to the Seller. On the last day of each Settlement Period for each Share, the Collection Agent shall deposit to the Agent's Account for the account of the Owner of such Share the amounts set aside as described in clause (i) of the first sentence of this Section 2.05. Upon receipt of such funds by the Agent, the Agent shall distribute them to the Owner of such Share in payment of the accrued Yield and Miscellaneous Fees for such Share and to the Collection Agent in payment of the accrued Collection Agent Fee payable with respect to such Share. If there shall be insufficient funds on deposit for the Agent to distribute funds in payment in full of the aforementioned amounts, the Agent shall distribute funds, first, in payment of the accrued Collection Agent Fee payable with respect to such Share, and second, in payment of the accrued Yield for such Share and third, in payment of the accrued Miscellaneous Fees payable with respect to such Share.
Non-Liquidation Settlement Procedures. 13 SECTION 2.06.
Non-Liquidation Settlement Procedures. On each day (other than a Liquidation Day or a Provisional Liquidation Day) during each Settlement Period for each Eligible Asset, the Collection Agent shall: (i) out of Collections of Pool Receivables attributable to such Eligible Asset received on such day, set aside and hold in trust for the Owner of such Eligible Asset an amount equal to the Yield and Collection Agent Fee accrued through such day for such Eligible Asset and not so previously set aside and
Non-Liquidation Settlement Procedures. Settlement Procedures to Be Followed if a Liquidation Day Occurs.
Non-Liquidation Settlement Procedures. 6 Section 2.7
