Payment of Break Benefits. The Servicer must pay any Break Benefits payable to Borrowers during a Collection Period from the Finance Charge Collections received during that Collection Period and not yet deposited by the Servicer in the Collections Account in accordance with clause 22. If the Finance Charge Collections held by the Servicer and not deposited in the Collections Account are insufficient to pay any Break Benefits due to be paid to a Borrower, the Servicer must direct the Trustee, and upon such direction the Trustee must pay to the Borrower, such Break Benefits from the Finance Charge Collections in the Collections Account received during that Collection Period to the extent of the shortfall.
Appears in 4 contracts
Samples: Interest and Principal (Securitisation Advisory Services Pty LTD), Securitisation Advisory Services Pty LTD, Securitisation Advisory Services Pty LTD
