Common use of Payments; Policy Claims Clause in Contracts

Payments; Policy Claims. (a) The Trust Collateral Agent (based solely on the information set forth in the Servicer's Certificate for the related Payment Date upon which the Trust Collateral Agent may conclusively rely) shall transfer on each Payment Date, from the Collection Account to the Note Account, in immediately available funds, an amount equal to the excess of the sum of (a) all funds that were deposited in the Collection Account, plus (b) earnings on investments of funds in the Collection Account pursuant to Section 5.1(b), for the related Collection Period over all funds transferred from the Collection Account with respect to such Collection Period pursuant to Section 5.1(c).

Payments; Policy Claims. (a) The Trust Collateral Agent (based solely on the information set forth in the Servicer's Certificate for the related Payment Date upon which the Trust Collateral Agent may conclusively rely) shall transfer transfer, on each Payment Date, from the Collection Account to the Note Account, in immediately available funds, an amount equal to the excess of the sum of (a) all funds that were deposited in the Collection Account, plus (b) earnings on investments of funds in the Collection Account pursuant to Section 5.1(b), for the related Collection Period over all funds transferred from the Collection Account with respect to such Collection Period pursuant to Section 5.1(c).

Payments; Policy Claims. (a) The On each Payment Date, the Trust Collateral Agent (based solely on the information set forth in the Servicer's Certificate for the related Payment Date upon which the Trust Collateral Agent may conclusively rely) shall transfer on each Payment Date, from the Collection Account to the Note Account, in immediately available funds, an amount equal to the excess of the sum of (a) all funds that were deposited in the Collection Account, plus (b) earnings on investments of funds in the Collection Account pursuant to Section 5.1(b), for the related Collection Period over all funds transferred from the Collection Account with respect to such Collection Period pursuant to Section 5.1(c).

Payments; Policy Claims. (a) The Trust Collateral Agent (based solely on the information set forth in the Servicer's Certificate for the related Payment Date upon which the Trust Collateral Agent may conclusively rely) shall transfer transfer, on each Payment Date, from the Collection Account to the Note Account, in immediately available funds, an amount equal to the excess of the sum of (a) all funds that were deposited in the Collection Account, plus (b) earnings on investments of funds in the Collection Account pursuant to Section 5.1(b), for the related Collection Period over all funds transferred from the Collection Account with respect to such Collection Period pursuant to Section 5.1(c5.6(c).