Common use of Payments to the Transferor Clause in Contracts

Payments to the Transferor. The Servicer shall on each Deposit Date withdraw from the Collection Account and pay to the Holders of the Transferor Certificates the following amounts: (i) an amount equal to the Transferor Percentage for the related Monthly Period of Series 20[__]-[_] Allocable Finance Charge Collections to the extent such amount is deposited in the Collection Account; and (ii) an amount equal to the Transferor Percentage for the related Monthly Period of Series 20[__]-[_] Allocable Principal Collections deposited in the Collection Account, if the Transferor Amount (determined after giving effect to any Principal Receivables transferred to the Trust on such Deposit Date) exceeds zero. The withdrawals to be made from the Collection Account pursuant to this subsection 4.01(b) do not apply to deposits into the Collection Account that do not represent Collections, including payment of the purchase price for the Certificateholders’ Interest pursuant to Section 2.06 or 10.01 of the Agreement, payment of the purchase price for the Series 20[__]-[_] Certificateholders’ Interest pursuant to Section 7.01 of this Supplement and proceeds from the sale, disposition or liquidation of Receivables pursuant to Section 9.01 or 12.02 of the Agreement.

Payments to the Transferor. The Servicer shall on each Deposit Date Dates withdraw from the Collection Account and pay to the Holders of the Transferor Certificates the following amounts: (i) an amount equal to the Transferor Percentage for the related Monthly Period of Series 20[__]-[199_-_] Allocable Finance Charge Collections to the extent such amount is deposited in the Collection Account; and (ii) an amount equal to the Transferor Percentage for the related Monthly Period of Series 20[__]-[199_-_] Allocable Principal Collections deposited in the Collection Account, if the Transferor Amount (determined after giving effect to any Principal Receivables transferred to the Trust on such Deposit Date) exceeds zero. The withdrawals to be made from the Collection Account pursuant to this subsection 4.01(b) do not apply to deposits into the Collection Account that do not represent Collections, including payment of the purchase price for the Certificateholders’ ' Interest pursuant to Section 2.06 or 10.01 of the Agreement, payment of the purchase price for the Series 20[__]-[199_-_] Certificateholders’ ' Interest pursuant to Section 7.01 of this Supplement and proceeds from the sale, disposition or liquidation of Receivables pursuant to Section 9.01 or 12.02 of the Agreement.

Payments to the Transferor. The Servicer shall on each Deposit Date withdraw from the Collection Account and pay to the Holders of the Transferor Certificates the following amounts: (i) an amount equal to the Transferor Percentage for the related Monthly Period of Series 20[__]-[__] Allocable Finance Charge Collections to the extent such amount is deposited in the Collection Account; and (ii) an amount equal to the Transferor Percentage for the related Monthly Period of Series 20[__]-[__] Allocable Principal Collections deposited in the Collection Account, if the Transferor Amount (determined after giving effect to any Principal Receivables transferred to the Trust on such Deposit Date) exceeds zero. The withdrawals to be made from the Collection Account pursuant to this subsection 4.01(b) do not apply to deposits into the Collection Account that do not represent Collections, including payment of the purchase price for the Certificateholders’ ' Interest pursuant to Section 2.06 or 10.01 of the Agreement, payment of the purchase price for the Series 20[__]-[__] Certificateholders’ ' Interest pursuant to Section 7.01 of this Supplement and proceeds from the sale, disposition or liquidation of Receivables pursuant to Section 9.01 or 12.02 of the Agreement.

Payments to the Transferor. The Servicer shall on each Deposit Date withdraw from the Collection Account and pay to the Holders of the Transferor Certificates the following amounts: (i) an amount equal to the Transferor Percentage for the related Monthly Period of Series 20[__]-[_201[ ]-[ ] Allocable Finance Charge Collections to the extent such amount is deposited in the Collection Account; and (ii) an amount equal to the Transferor Percentage for the related Monthly Period of Series 20[__]-[_201[ ]-[ ] Allocable Principal Collections deposited in the Collection Account, if the Transferor Amount (determined after giving effect to any Principal Receivables transferred to the Trust on such Deposit Date) exceeds zero. The withdrawals to be made from the Collection Account pursuant to this subsection 4.01(b) do not apply to deposits into the Collection Account that do not represent Collections, including payment of the purchase price for the Certificateholders’ Interest pursuant to Section 2.06 or 10.01 of the Agreement, payment of the purchase price for the Series 20[__]-[_201[ ]-[ ] Certificateholders’ Interest pursuant to Section 7.01 of this Supplement and proceeds from the sale, disposition or liquidation of Receivables pursuant to Section 9.01 or 12.02 of the Agreement.