Common use of Payments on the Timeshare Loans Clause in Contracts

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect all payments made under each Timeshare Loan and direct each applicable Obligor to timely make all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to the Credit Card Account. (b) On each Funding Date, the Servicer shall cause to be deposited to the Collection Account all amounts collected and received in respect of the related Timeshare Loans after the related Cut-Off Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (d) below, the Indenture Trustee shall direct the Lockbox Bank to remit all collections in respect of the Timeshare Loans on deposit in the Lockbox Account to the Collection Account on each Business Day via automated repetitive wire. (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b) hereof. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust Estate, it shall deposit such amounts to the Collection Account within two Business Days of receipt thereof (unless otherwise expressly provided herein).

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect all payments made under each Timeshare Loan and direct instruct each applicable Obligor to timely make direct all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to into the Credit Card Lockbox Account. (b) On each Funding the Closing Date, the Servicer shall cause to be deposited to into the Collection Account all amounts collected and received in respect of the related Initial Timeshare Loans after the related Initial Cut-Off Date to the day preceding the Closing Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (d) below, the Indenture Trustee shall direct the Lockbox Bank to remit all collections in respect of the Timeshare Loans on deposit in the Lockbox Account (other than an amount equal to $20,000 that will remain in the Collection Account on each Business Day via automated repetitive wire.Lockbox 34 (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b5.3(a) hereof. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust Estate, it shall deposit such amounts to into the Collection Account within two Business Days of receipt thereof (unless otherwise expressly provided herein).

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect all payments made under each Timeshare Loan and direct each applicable Obligor to timely make all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to into the Credit Card Lockbox Account. (b) On each Funding Date, the Servicer shall cause to be deposited to into the Collection Account all amounts collected and received in respect of the related Timeshare Loans after the related Cut-Off Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (d) below, the Indenture Trustee shall direct the Lockbox Bank (other than an amount equal to $20,000 that will remain in the Lockbox Account for administrative purposes) to remit all collections in respect of the Timeshare Loans on deposit in the Lockbox Account to into the Collection Account on each Business Day via automated repetitive wire. (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b5.3(a) hereof. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust Estate, it shall deposit such amounts to into the Collection Account within two Business Days of receipt thereof (unless otherwise expressly provided herein).

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect all payments made under each Timeshare Loan and direct instruct each applicable Obligor to timely make direct all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to into the Credit Card Lockbox Account. (b) On each Funding the Closing Date, the Servicer shall cause to be deposited to into the Collection Account all amounts collected and received in respect of the related Initial Timeshare Loans after the related Initial Cut-Off Date to the day preceding the Closing Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (d) below, the Indenture Trustee shall direct the Lockbox Bank to remit all collections in respect of the Timeshare Loans on deposit in the Lockbox Account (other than an amount equal to $20,000 that will remain in the Lockbox Account for administrative purposes) into the Collection Account on each Business Day via automated repetitive wire. (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b) hereof. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust Estate, it shall deposit such amounts to the Collection Account within two Business Days of receipt thereof (unless otherwise expressly provided herein).34

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect all payments made under each Timeshare Loan and direct instruct each applicable Obligor to timely make direct all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to into the Credit Card Lockbox Account. (b) On each Funding the Closing Date, the Servicer shall cause to be deposited to into the Collection Account all amounts collected and received in respect of the related Initial Timeshare Loans after the related Initial Cut-Off Date to the day preceding the Closing Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (d) below, the Indenture Trustee shall direct the Lockbox Bank to remit all collections in respect of the Timeshare Loans on deposit in the Lockbox Account (other than an amount equal to $20,000 that will remain in the Lockbox Account for administrative purposes) into the Collection Account on each Business Day via automated repetitive wire. (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b5.3(a) hereof. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust Estate, it shall deposit such amounts to into the Collection Account within two Business Days of receipt thereof (unless otherwise expressly provided herein).

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect all payments made under each Timeshare Loan and direct instruct each applicable Obligor to timely make direct all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to the Credit Card AccountAccount (net of any Servicer Credit Card Processing Costs). (b) On each Funding the Closing Date, the Servicer shall cause to be deposited to the Collection Account all amounts collected and received in respect of the related Initial Timeshare Loans after the related Initial Cut-Off Date to the day preceding the Closing Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (d) below, the Indenture Trustee shall direct the Lockbox Bank to remit all collections in respect of the Timeshare Loans on deposit in the Lockbox Account (other than an amount equal to $20,000 that will remain in the Lockbox Account for administrative purposes) to the Collection Account on each Business Day via automated repetitive wire. (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b) hereof. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust Estate, it shall deposit such amounts to the Collection Account within two Business Days of receipt thereof (unless otherwise expressly provided herein).

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect all payments made under each Timeshare Loan and direct each applicable Obligor to timely make all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to the Credit Card AccountAccount (net of any Servicer Credit Card Processing Costs). (b) On each Funding the Closing Date, the Servicer shall cause to be deposited to the Collection Account all amounts collected and received in respect of the related Initial Timeshare Loans after the related Initial Cut-Off Date to the day preceding the Closing Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (d) below, the Indenture Trustee shall direct the Lockbox Bank to remit all collections in respect of the Timeshare Loans on deposit in the Lockbox Account to the Collection Account on each Business Day via automated repetitive wire. (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b) hereof. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust Estate, it shall deposit such amounts to the Collection Account within two Business Days of receipt thereof (unless otherwise expressly provided herein).

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect reflect all payments made under each Timeshare Loan and direct each applicable Obligor to timely make all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to the Credit Card AccountBank. (b) On each Funding the Closing Date, the Servicer shall cause to be deposited to the Collection Account all amounts collected and received in respect of the related Timeshare Loans after the related Initial Cut-Off Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (d) below, on each Monday, Wednesday, Friday (or if such day is not a Business Day, then on the Indenture Trustee shall direct next Business Day) and the Lockbox Bank to remit last Business Day of that related calendar month, all collections in respect of the Timeshare Loans on deposit in the Lockbox Account will be remitted to the Collection Account on each Business Day via automated repetitive wireAccount. (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b) hereof. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust EstateCollateral, it shall deposit such amounts to the Collection Account within two (2) Business Days days of receipt thereof (unless otherwise expressly provided herein).

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect all payments made under each Timeshare Loan and direct each applicable Obligor to timely make all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to the Credit Card AccountAccount (net of any Servicer Credit Card Processing Costs). (b) On each Funding the Closing Date, the Servicer shall cause to be deposited to the Collection Account all amounts collected and received in respect of the related Initial Timeshare Loans after the related Initial Cut-Off Date to the day preceding the Closing Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (d) below, the Indenture Trustee shall direct the Lockbox Bank to remit all collections in respect of the Timeshare Loans on deposit in the Lockbox Account (other than an amount equal to $20,000 that will remain in the Lockbox Account for administrative purposes) to the Collection Account on each Business Day via automated repetitive wire. (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b) hereof. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust Estate, it shall deposit such amounts to the Collection Account within two Business Days of receipt thereof (unless otherwise expressly provided herein).

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect all payments made under each Timeshare Loan and direct instruct each applicable Obligor to timely make direct all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to into the Credit Card Lockbox Account. (b) On each Funding the Closing Date, the Servicer shall cause to be deposited to into the Collection Account all amounts collected and received in respect of the related Initial Timeshare Loans after the related Initial Cut-Off Date to the day preceding the Closing Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (d) below, the Indenture Trustee shall direct the Lockbox Bank to remit all collections in respect of the Timeshare Loans on deposit in the Lockbox Account (other than an amount equal to $20,000 that will remain in the Lockbox Account for administrative purposes) into the Collection Account on each Business Day via automated repetitive wire. (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b) hereof. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust Estate, it shall deposit such amounts to into the Collection Account within two Business Days of receipt thereof (unless otherwise expressly provided herein).

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect all payments made under each Timeshare Loan and direct each applicable Obligor to timely make all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to the Credit Card AccountAccount (net of any Servicer Credit Card Processing Costs). (b) On each Funding the Closing Date, the Servicer shall cause to be deposited to the Collection Account all amounts collected and received in respect of the related Initial Timeshare Loans after the related Initial Cut-Off Date to the day preceding the Closing Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (d) below, the The Indenture Trustee shall direct the Lockbox Bank to remit all collections in respect of the Timeshare Loans on deposit in the Lockbox Account (other than an amount equal to $20,000 that will remain in the Lockbox Account for administrative purposes) to the Collection Account on each Business Day via automated repetitive wire. (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b5.2(b) hereof. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust Estate, it shall deposit such amounts to the Collection Account within two Business Days of receipt thereof (unless otherwise expressly provided herein). (f) If the Servicer receives any payments from an Obligor under a Timeshare Loan or any other amounts in respect of the Trust Estate, the Servicer shall remit such amounts to the Collection Account within two (2) Business Days of the Servicer’s receipt thereof.

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect all payments made under each Timeshare Loan and direct each applicable Obligor to timely make all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to the Credit Card AccountBank. (b) On each Funding the Closing Date, the Servicer shall cause to be deposited to the Collection Account all amounts collected and received in respect of the related Timeshare Loans after the related Initial Cut-Off Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (d) below, on each Monday, Wednesday, Friday (or, if such day is not a Business Day, then on the next Business Day) and the last Business Day of the related calendar month, the Indenture Trustee shall direct the Lockbox Bank to remit all collections in respect of the Timeshare Loans on deposit in the Lockbox Account to the Collection Account on each Business Day via automated repetitive wireAccount. (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b) hereof. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust Estate, it shall deposit such amounts to the Collection Account within two (2) Business Days of receipt thereof (unless otherwise expressly provided herein).

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect all payments made under each Timeshare Loan and direct each applicable Obligor to timely make all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to the Credit Card AccountBank. (b) On each Funding Sale Date, the Servicer shall cause to be deposited to the Collection Account all amounts collected and received in respect of the related Timeshare Loans after the related Cut-Off Date for each Sale Date Loan Pool to the day preceding the Sale Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (d) below, the Indenture Trustee Buyer agrees to and shall direct the Lockbox Bank by written notice to remit all collections in respect of the Timeshare Loans on deposit in the Lockbox Account (other than an amount equal to twenty thousand dollars ($20,000) that shall remain in the Lockbox Account for administrative purposes) to the Collection Account on each Business Day of the Lockbox Bank via automated repetitive wire. The Buyer agrees and covenants that such written notice shall not be changed without the written consent of the Seller and Servicer. (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a4.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b) hereofAccount. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust EstateAssets, it shall deposit such amounts to the Collection Account within two (2) Business Days of receipt thereof (unless otherwise expressly provided herein).

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect all payments made under each Timeshare Loan and direct instruct each applicable Obligor to timely make direct all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to the Credit Card AccountAccount (net of any Servicer Credit Card Processing Costs). (b) On each Funding the Closing Date, the Servicer shall cause to be deposited to the Collection Account all amounts collected and received in respect of the related Initial Timeshare Loans after the related Initial Cut-Off Date to the day preceding the Closing Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (d) below, the Indenture Trustee shall direct the Lockbox Bank to remit all collections in respect of the Timeshare Loans on deposit in the Lockbox Account (other than an amount equal to $20,000 that will remain in the Lockbox Account for administrative purposes) to the Collection Account on each Business Day via automated repetitive wire. (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b) hereof. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust Estate, it shall deposit such amounts to 33 the Collection Account within two Business Days of receipt thereof (unless otherwise expressly provided herein).

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect reflect all payments made under each Timeshare Loan and direct each applicable Obligor to timely make all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to the Credit Card AccountBank. (b) On each Funding the Closing Date, the Servicer shall cause to be deposited to the Collection Account all amounts collected and received in respect of the related Timeshare Loans after the related Initial Cut-Off Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (d) below, on each Monday, Wednesday, Friday (or if such day is not a Business Day, then on the Indenture Trustee shall direct next Business Day) and the Lockbox Bank to remit last Business Day of that related calendar month, all collections in respect of the Timeshare Loans on deposit in the Lockbox Account in excess of $25,000 will be remitted to the Collection Account on each Business Day via automated repetitive wireAccount. (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b) hereofAccount. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust EstateCollateral, it shall deposit such amounts to the Collection Account within two (2) Business Days days of receipt thereof (unless otherwise expressly provided herein).

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect all payments made under each Timeshare Loan and direct instruct each applicable Obligor to timely make direct all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to into the Credit Card Lockbox Account. (b) On each Funding the Closing Date, the Servicer shall cause to be deposited to into the Collection Account all amounts collected and received in respect of the related Initial Timeshare Loans after the related Initial Cut-Off Date to the day preceding the Closing Date (without deduction for any Liquidation Expenses).. 34 (c) Subject to subsection (d) below, the Indenture Trustee shall direct the Lockbox Bank to remit all collections in respect of the Timeshare Loans on deposit in the Lockbox Account (other than an amount equal to $20,000 that will remain in the Lockbox Account for administrative purposes) into the Collection Account on each Business Day via automated repetitive wire. (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b5.3(a) hereof. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust Estate, it shall deposit such amounts to into the Collection Account within two Business Days of receipt thereof (unless otherwise expressly provided herein).

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect all payments made under each Timeshare Loan and direct instruct each applicable Obligor to timely make direct all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank (or any successor lockbox bank) and, with respect to Credit 34 Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to into the Credit Card Lockbox Account. (b) On each Funding the Closing Date, the Servicer shall cause to be deposited to into the Collection Account all amounts collected and received in respect of the related Initial Timeshare Loans after the related Initial Cut-Off Date to the day preceding the Closing Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (d) below, the Indenture Trustee shall direct the Lockbox Bank (or any successor lockbox bank) to remit all collections in respect of the Timeshare Loans on deposit in the Lockbox Account (other than an amount equal to $20,000 that will remain in the Lockbox Account for administrative purposes) into the Collection Account on each Business Day via automated repetitive wire. (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b5.3(a) hereof. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust Estate, it shall deposit such amounts to into the Collection Account within two Business Days of receipt thereof (unless otherwise expressly provided herein).

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect all payments made under each Timeshare Loan and direct each applicable Obligor to timely make all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each the applicable credit card vendor merchant services provider to deposit all payments in respect of such Credit Card Timeshare Loans to the Credit Card AccountAccount (net of any Servicer Credit Card Processing Costs). (b) On each Funding Date, the Servicer shall cause to be deposited to the Collection Account all amounts collected and received in respect of the related Timeshare Loans after the related Cut-Off Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (dc) below, the Indenture Trustee Collateral Agent shall direct the Lockbox Bank to remit all collections in respect of the Timeshare Loans on deposit in the Lockbox Account (other than an amount equal to $________ that will remain in the Lockbox Account for administrative purposes) to the Collection Account on each Business Day via automated repetitive wire. (dc) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b5.3(a)(xiii) hereof. (ed) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust EstateTimeshare Loans Collateral, it shall deposit such amounts to the Collection Account within two Business Days of receipt thereof (unless otherwise expressly provided herein).

Payments on the Timeshare Loans. (a) The Servicer shall, in a manner consistent with the Servicing Standard, collect all payments made under each Timeshare Loan and direct each applicable Obligor to timely make all payments in respect of his or her Timeshare Loan to the Lockbox Account maintained at the Lockbox Bank and, with respect to Credit Card Timeshare Loans, direct each applicable credit card vendor to deposit all payments in respect of such Credit Card Timeshare Loans to the Credit Card Account.25 (b) On each Funding Date, the Servicer shall cause to be deposited to into the Collection Account all amounts collected and received in respect of the related Timeshare Loans after the related Cut-Off Date (without deduction for any Liquidation Expenses). (c) Subject to subsection (d) below, the Indenture Trustee shall direct the Lockbox Bank (other than an amount equal to $20,000 that will remain in the Lockbox Account for administrative purposes) to remit all collections in respect of the Timeshare Loans on deposit in the Lockbox Account to into the Collection Account on each Business Day via automated repetitive wire. (d) Liquidation Expenses shall be reimbursed as Additional Servicing Compensation to the Servicer in accordance with Section 3.2(a) hereof. To the extent that the Servicer has received any Liquidation Expenses as Additional Servicing Compensation and shall subsequently recover any portion of such Liquidation Expenses from the related Obligor, the Servicer shall deposit such amounts into the Collection Account in accordance with Section 5.3(b5.3(a) hereof. (e) The Servicer agrees that to the extent it receives any amounts in respect of any insurance policies which are not payable to the Obligor or otherwise necessary for the intended use, or any other collections relating to the Trust Estate, it shall deposit such amounts to into the Collection Account within two Business Days of receipt thereof (unless otherwise expressly provided herein).