Common use of Payment of Amounts Clause in Contracts

Payment of Amounts. (i) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) in respect of Earned Discount on an Asset Tranche funded by a Liquidity Funding to the Purchaser Agent of each applicable Purchaser Group, on behalf of each Investor which funded such Liquidity Funding, on (x) other than with respect to the WFB Purchaser Group and the PNC Purchaser Group, the last day of the then current Yield Period for such Asset Tranche and (y) with respect to the WFB Purchaser Group and the PNC Purchaser Group, on the Settlement Date following the last day of each Yield Period for such Asset Tranche, in each case, as provided in Section 3.1. (ii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) in respect of CP Costs on an Asset Tranche funded by Commercial Paper Notes, to the Purchaser Agent of each applicable Purchaser Group, on behalf of the applicable Purchaser in such Purchaser Agent’s Purchaser Group, on the Settlement Date following the last day of each CP Accrual Period for such Asset Tranche, as provided in Section 3.1. (iii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) and not applied pursuant to clauses (i) or (ii) above to each Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Group, on each Settlement Date for each Collection Period, as provided in Section 3.1. (iv) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(b) to the Administrative Agent, for prompt distribution to each Purchaser Agent, (A) on the last day of the then current Yield Period for any Asset Tranche of such Purchaser Agent’s Purchaser Group funded by a Liquidity Funding, as provided in Section 3.1(b), in an amount not exceeding such Purchaser Group’s Tranche Investment of such Asset Tranche, and (B) on the last day of the then current CP Accrual Period for any Asset Tranche of such Purchaser Agent’s Purchaser Group funded by Commercial Paper Notes, as provided in Section 3.1(b), in an amount not exceeding such Purchaser Group’s Tranche Investment of such Asset Tranche.

Payment of Amounts. (i) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) in respect of Earned Discount on an Asset Tranche funded by a Liquidity Funding to the Purchaser Agent of each applicable Purchaser Group, on behalf of each Investor which funded such Liquidity Funding, on (x) other than with respect to the WFB Purchaser Group and the PNC Purchaser Group, the last day of the then current Yield Period for such Asset Tranche and (y) with respect to the WFB Purchaser Group and the PNC Purchaser Group, on the Settlement Date following the last day of each Yield Period for such Asset Tranche, in each case, as provided in Section 3.1. (ii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) in respect of CP Costs on an Asset Tranche funded by Commercial Paper Notes, to the Purchaser Agent of each applicable Purchaser Group, on behalf of the applicable Purchaser in such Purchaser Agent’s Purchaser Group, on the Settlement Date following the last day of each CP Accrual Period for such Asset Tranche, as provided in Section 3.1. (iii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) and not applied pursuant to clauses (i) or (ii) above to each Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Group, on each Settlement Date for each Collection Period, as provided in Section 3.1. (iv) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(b) to the Administrative Agent, for prompt distribution to each Purchaser Agent, Agent (A) on the last day of the then current Yield Period for any Asset Tranche of such Purchaser Agent’s Purchaser Group funded by a Liquidity Funding, as provided in Section 3.1(b), in an amount not exceeding such Purchaser Group’s Tranche Investment of such Asset Tranche, and (B) on the last day of the then current CP Accrual Period for any Asset Tranche of such Purchaser Agent’s Purchaser Group funded by Commercial Paper Notes, as provided in Section 3.1(b), in an amount not exceeding such Purchaser Group’s Tranche Investment of such Asset Tranche.

Payment of Amounts. (i) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) in respect of Earned Discount on an Asset Tranche funded by a Liquidity Funding to the Purchaser Agent of each applicable Purchaser Group, on behalf of each Investor which funded such Liquidity Funding, on (x) other than with respect to the WFB Purchaser Group and the PNC Purchaser Group, the last day of the then current Yield Period for such Asset Tranche and (y) with respect to the WFB Purchaser Group and the PNC Purchaser Group, on the Settlement Date following the last day of each Yield Period for such Asset Tranche, in each case, as provided in Section 3.1. (ii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) in respect of CP Costs on an Asset Tranche funded by Commercial Paper Notes, to the Purchaser Agent of each applicable Purchaser Group, on behalf of the applicable Purchaser in such Purchaser Agent’s Purchaser Group, on the Settlement Date following the last day of each CP Accrual Period for such Asset Tranche, as provided in Section 3.1. (iii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) and not applied pursuant to clauses (i) or (ii) above to each Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Group, on each Settlement Date for each Collection Period, as provided in Section 3.1. (iv) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(b) to the Administrative Agent, for prompt distribution to each Purchaser Agent, (A) on the last day of the then current Yield Period for any Asset Tranche of such Purchaser Agent’s Purchaser Group funded by a Liquidity Funding, as provided in Section 3.1(b), in an amount not exceeding such Purchaser Group’s Tranche Investment of such Asset Tranche, and (B) on the last day of the then current CP Accrual Period for any Asset Tranche of such Purchaser Agent’s Purchaser Group funded by Commercial Paper Notes, as provided in Section 3.1(b), in an amount not exceeding such Purchaser Group’s Tranche Investment of such Asset Tranche.

Payment of Amounts. The Master Servicer shall deposit into the Collection Account on each Settlement Date Collections identified and deemed held for the benefit of the Purchaser under clauses (a) and (b) of Section 1.3, and shall distribute them to the Administrator for the account of the Purchaser as follows: (i) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) in respect of Earned Discount on an Asset Tranche funded by a Liquidity Funding to the Purchaser Agent of each applicable Purchaser GroupAdministrator, on behalf of each Investor which funded such Liquidity Fundingthe Purchaser's behalf, on (x) other than with respect to the WFB Purchaser Group and the PNC Purchaser Group, the last day of the then current Yield Period for such Asset Tranche and (y) with respect to the WFB Purchaser Group and the PNC Purchaser Group, on the Settlement Date following the last day of each Yield Period for such Asset Tranche, in each case, as provided in Section 3.1. (ii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) in respect of CP Costs Earned Discount on an any Asset Tranche funded by Commercial Paper Notes, Notes to the Purchaser Agent of each applicable Purchaser Group, on behalf of the applicable Purchaser in such Purchaser Agent’s Purchaser GroupAdministrator, on the Settlement Date following Purchaser's behalf, on the last day of each the then current CP Accrual Tranche Period for such Asset Tranche, as provided in Section 3.1. (iii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) and not applied pursuant to clauses (i) or (ii) above to each Purchaser Agentthe Administrator, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchaser's behalf, on each Settlement Date for each Collection Settlement Period, as provided in Section 3.1. (iv) The Master Servicer shall pay all other amounts identified and deemed held in trust for the benefit of Collections identified the Purchaser pursuant to Section 1.3(b1.3(a) (iii) to the Administrative Agent, Administrator for prompt distribution to each the account of the Purchaser Agent, (A) on the last day of the then current Yield Period for any Asset Tranche of such Purchaser Agent’s Purchaser Group funded by a Liquidity Funding, as provided in Section 3.1(b), in an amount not exceeding such Purchaser Group’s the Purchaser's Tranche Investment of such Asset Tranche, and (B) on the last day of the then current CP Accrual Tranche Period for any Asset Tranche of such Purchaser Agent’s Purchaser Group funded by Commercial Paper Notes, as provided in Section 3.1(b), in an amount not exceeding such Purchaser Group’s Tranche Investment of such Asset Tranche.any

Payment of Amounts. (i) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) in respect of Earned Discount on an Asset Tranche funded by a Liquidity Funding or a Liberty Street Alternate Funding, as the case may be, to the each Purchaser Agent of each applicable Purchaser GroupAgent, on behalf of each Investor which funded such Liquidity Fundingthe related Purchaser's behalf, on (x) other than with respect to the WFB Purchaser Group and the PNC Purchaser Group, the last day of the then current Yield Period for such Asset Tranche and (y) with respect to the WFB Purchaser Group and the PNC Purchaser Group, on the Settlement Date following the last day of each Yield Period for such an Asset Tranche, in each case, as provided in Section 3.1. (ii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) in respect of CP Costs Earned Discount on an any Asset Tranche funded by Commercial Paper Notes, Notes to the each Purchaser Agent of each applicable Purchaser GroupAgent, on behalf of the applicable Purchaser in such Purchaser Agent’s Purchaser Grouprelated Purchaser's behalf, on the Settlement Date following the last day of each CP Accrual Period for such Asset Tranche, as provided in Section 3.1. (iii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) and not applied pursuant to clauses (i) or (ii) above to each Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe related Purchaser's behalf, on each Settlement Date for each Collection Period, as provided in Section 3.1. (iv) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(b) to the Administrative Agent, for prompt distribution to each Purchaser Agent, Agent for the account of the related Purchaser (A) on the last day of the then current Yield Period for any Asset Tranche funded by a Liberty Street Alternate Funding or a Liquidity Funding of such Purchaser Agent’s Purchaser Group funded by a Liquidity FundingGroup, as provided in Section 3.1(b), in an amount not exceeding such Purchaser Group’s the related Purchaser's Tranche Investment of such Asset Tranche, and (B) on the last day of the then current CP Accrual Period for any Asset Tranche of such Purchaser Agent’s Purchaser Group funded by Commercial Paper Notes, as provided in Section 3.1(b)3.1, in an amount not exceeding such Purchaser Group’s the related Purchaser's Tranche Investment of such Asset Tranche; provided, however, no payment shall be made under clause (B) above unless the related Purchaser's Tranche Investments of all Asset Tranches, if any, funded by the Liquidity Fundings of such Purchaser Group or the Liberty Street Alternate Fundings, as the case may be, shall have been reduced to zero.

Payment of Amounts. (i) The Master Servicer shall pay all amounts of Collections identified pursuant to Section SECTION 1.3(a)(ii) in respect of Earned Discount on an Asset Tranche funded by a Liquidity Funding to the Purchaser Agent of each applicable Purchaser GroupAdministrative Agent, on behalf of each Investor which funded such Liquidity Fundingthe Purchaser's behalf, on (x) other than with respect to the WFB Purchaser Group and the PNC Purchaser Group, the last day of the then current Yield Period for such Asset Tranche and (y) with respect to the WFB Purchaser Group and the PNC Purchaser Group, on the Settlement Date following the last day of each Yield Period for such an Asset Tranche, in each case, as provided in Section SECTION 3.1. (ii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section SECTION 1.3(a)(ii) in respect of CP Costs Earned Discount on an any Asset Tranche funded by Commercial Paper Notes, Notes to the Purchaser Agent of each applicable Purchaser GroupAdministrative Agent, on behalf of the applicable Purchaser in such Purchaser Agent’s Purchaser GroupPurchaser's behalf, on the Settlement Date following the last day of each CP Accrual Period for such Asset Tranche, as provided in Section SECTION 3.1. (iii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section SECTION 1.3(a)(ii) and not applied pursuant to clauses CLAUSES (i) or (ii) above to each Purchaser the Administrative Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchaser's behalf, on each Settlement Date for each Collection Period, as provided in Section SECTION 3.1. (iv) The Master Servicer shall pay all amounts of Collections identified pursuant to Section SECTION 1.3(b) to the Administrative Agent, Agent for prompt distribution to each the account of the Purchaser Agent, (A) on the last day of the then current Yield Period for any Asset Tranche of such Purchaser Agent’s Purchaser Group funded by a Liquidity Funding, as provided in Section SECTION 3.1(b), in an amount not exceeding such Purchaser Group’s the Purchaser's Tranche Investment of such Asset Tranche, and (B) on the last day of the then current CP Accrual Period for any Asset Tranche of such Purchaser Agent’s Purchaser Group funded by Commercial Paper Notes, as provided in Section 3.1(b)SECTION 3.1, in an amount not exceeding such Purchaser Group’s the Purchaser's Tranche Investment of such Asset Tranche; PROVIDED, HOWEVER, no payment shall be made under CLAUSE (B) above unless the Purchaser's Tranche Investments of all Asset Tranches, if any, funded by the Liquidity Fundings shall have been reduced to zero.

Payment of Amounts. Unless a Lock-Box Notice has been given and alternate instructions have been given by the Agent pursuant thereto: (i) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) in respect of Earned Discount on an Asset Tranche funded by a Liquidity Funding to the Purchaser Agent of each applicable Purchaser GroupAgent, on behalf of each Investor which funded such Liquidity Fundingthe Purchaser's behalf, on (x) other than with respect to the WFB Purchaser Group and the PNC Purchaser Group, the last day of the then current Yield Period for such Asset Tranche and (y) with respect to the WFB Purchaser Group and the PNC Purchaser Group, on the Settlement Date following the last day of each Yield Period for such an Asset Tranche, in each case, as provided in Section 3.1. (ii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) in respect of CP Costs on an any Asset Tranche funded by Commercial Paper Notes, Notes to the Purchaser Agent of each applicable Purchaser GroupAgent, on behalf of the applicable Purchaser in such Purchaser Agent’s Purchaser GroupPurchaser's behalf, on the Settlement Date following the last day of each the then current CP Accrual Period for such Asset Tranche, as provided in Section 3.1. (iii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) and not applied pursuant to clauses (i) or (ii) above to each Purchaser the Agent, on behalf of such Purchaser Agent’s Purchaser Groupthe Purchaser's behalf, on each Settlement Date for each Collection Settlement Period, as provided in Section 3.1. (iv) The Master Servicer shall pay all other amounts identified and held in trust for the benefit of Collections identified the Purchaser pursuant to Section 1.3(b1.3(a) to the Administrative Agent, Agent for prompt distribution to each the account of the Purchaser Agent, (A) on the last day of the then current Yield Period for any Asset Tranche of such Purchaser Agent’s Purchaser Group funded by a Liquidity Funding, as provided in notified pursuant to Section 3.1(b), in an amount not exceeding such Purchaser Group’s the Purchaser's Tranche Investment of such Asset Tranche, and (B) on the last day of the then current CP Accrual Period for any Asset Tranche of such Purchaser Agent’s Purchaser Group funded by Commercial Paper Notes, as provided in notified pursuant to Section 3.1(b), in an amount not exceeding such Purchaser Group’s the Purchaser's Tranche Investment of such Asset Tranche; provided, however, no payment shall be made under clause (B) above unless the Purchaser's Tranche Investments of all Asset Tranches, if any, funded by Liquidity Fundings shall have been reduced to zero.

Payment of Amounts. (i) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) in respect of Earned Discount on an Asset Tranche funded by a Liquidity Funding to the Purchaser Agent of each applicable Purchaser Group, on behalf of each Investor which funded such Liquidity Funding, on (x) other than with respect to the WFB Purchaser Group and the PNC Purchaser Group, the last day of the then current Yield Period for such Asset Tranche Tranche, and (y) with respect to the WFB Purchaser Group and the PNC Purchaser Group, on the Settlement Date following the last day of each Yield Period for such Asset Tranche, in each case, case as provided in Section 3.1. (ii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) in respect of CP Costs on an Asset Tranche funded by Commercial Paper Notes, to the Purchaser Agent of each applicable Purchaser Group, on behalf of the applicable Purchaser in such Purchaser Agent’s Purchaser Group, on the Settlement Date following the last day of each CP Accrual Period for such Asset Tranche, as provided in Section 3.1. (iii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) and not applied pursuant to clauses (i) or (ii) above to each Purchaser Agent, on behalf of such Purchaser Agent’s Purchaser Group, on each Settlement Date for each Collection Period, as provided in Section 3.1. (iv) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(b) to the Administrative Agent, for prompt distribution to each Purchaser Agent, Agent (A) on the last day of the then current Yield Period for any Asset Tranche of such Purchaser Agent’s Purchaser Group funded by a Liquidity Funding, as provided in Section 3.1(b), in an amount not exceeding such Purchaser Group’s Tranche Investment of such Asset Tranche, and (B) on the last day of the then current CP Accrual Period for any Asset Tranche of such Purchaser Agent’s Purchaser Group funded by Commercial Paper Notes, as provided in Section 3.1(b), in an amount not exceeding such Purchaser Group’s Tranche Investment of such Asset Tranche.

Payment of Amounts. (i) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) in respect of Earned Discount on an Asset Tranche funded by a Liquidity Funding or an Alternate Funding, as the case may be, to the each Purchaser Agent of each applicable Purchaser GroupAgent, on behalf of each Investor which funded such Liquidity Fundingthe related Purchaser’s behalf, on (x) other than with respect to the WFB Purchaser Group and the PNC Purchaser Group, the last day of the then current Yield Period for such Asset Tranche and (y) with respect to the WFB Purchaser Group and the PNC Purchaser Group, on the Settlement Date following the last day of each Yield Period for such an Asset Tranche, in each case, as provided in Section 3.1. (ii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) in respect of CP Costs Earned Discount on an any Asset Tranche funded by Commercial Paper Notes, Notes to the each Purchaser Agent of each applicable Purchaser GroupAgent, on behalf of the applicable Purchaser in such Purchaser Agentrelated Purchaser’s Purchaser Groupbehalf, on the Settlement Date following the last day of each CP Accrual Period for such Asset Tranche, as provided in Section 3.1. (iii) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(a)(ii) and not applied pursuant to clauses (i) or (ii) above to each Purchaser Agent, on behalf of such Purchaser Agentthe related Purchaser’s Purchaser Groupbehalf, on each Settlement Date for each Collection Period, as provided in Section 3.1. (iv) The Master Servicer shall pay all amounts of Collections identified pursuant to Section 1.3(b) to the Administrative Agent, for prompt distribution to each Purchaser Agent, Agent (A) on the last day of the then current Yield Period for any Asset Tranche funded by an Alternate Funding or a Liquidity Funding of such Purchaser Agent’s Purchaser Group funded by a Liquidity FundingGroup, as provided in Section 3.1(b), in an amount not exceeding such Purchaser Groupthe related Purchaser’s Tranche Investment of such Asset Tranche, and (B) on the last day of the then current CP Accrual Period for any Asset Tranche of such Purchaser Agent’s Purchaser Group funded by Commercial Paper Notes, as provided in Section 3.1(b)3.1, in an amount not exceeding such Purchaser Groupthe related Purchaser’s Tranche Investment of such Asset Tranche.