Common use of Payments to PREFCO Clause in Contracts

Payments to PREFCO. In consideration for the reduction ------------------ of the PREFCO Transfer Prices by the PREFCO Transfer Price Reductions, effective only at such time as the aggregate amount of the Capital of the Purchaser Interests of the Financial Institutions equals the PREFCO Residual, each Financial Institution hereby agrees that the Agent shall not distribute to the Financial Institutions and shall immediately remit to PREFCO any Yield, Collections or other payments received by it to be applied pursuant to the terms hereof or otherwise to reduce the Capital of the Purchaser Interests of the Financial Institutions.

Payments to PREFCO. In consideration for the reduction ------------------ of the PREFCO Transfer ------------------ Prices by the PREFCO Transfer Price Reductions, effective only at such time as the aggregate amount of the Capital of the Purchaser Receivable Interests of the Financial Institutions Investors equals the PREFCO Residual, each Financial Institution Investor hereby agrees that the Agent shall not distribute to the Financial Institutions Investors and shall immediately remit to PREFCO any YieldDiscount, Collections or other payments received by it to be applied pursuant to the terms hereof or otherwise to reduce the Capital of the Purchaser Receivable Interests of the Financial InstitutionsInvestors.

Payments to PREFCO. In consideration for the reduction of ------------------ of the PREFCO Transfer Prices by the PREFCO Transfer Price Reductions, effective only at such time as the aggregate amount of the Capital of the Purchaser Receivable Interests of the Financial Institutions Investors equals the PREFCO Residual, each Financial Institution Investor hereby agrees that the Agent shall not distribute to the Financial Institutions Investors and shall immediately remit to PREFCO any YieldDiscount, Collections or other payments received by it to be applied pursuant to the terms hereof or otherwise to reduce the Capital of the Purchaser Receivable Interests of the Financial InstitutionsInvestors.

Payments to PREFCO. In consideration for the reduction ------------------ of the PREFCO Transfer Prices by the PREFCO Transfer Price Reductions, effective only at such time as the aggregate amount of the Capital of the Purchaser Receivable Interests of the Financial Institutions Investors equals the PREFCO Residual, each Financial Institution Investor hereby agrees that the Agent shall not distribute to the Financial Institutions Investors and shall immediately remit to PREFCO any YieldDiscount, Collections or other payments received by it to be applied pursuant to the terms hereof or otherwise to reduce the Capital of the Purchaser Receivable Interests of the Financial InstitutionsInvestors.