Common use of REBALANCING AFTER THIRD-PARTY CLAIM Clause in Contracts

REBALANCING AFTER THIRD-PARTY CLAIM. To the extent that a third party claim against Titling Trust Assets is satisfied out of Titling Trust Assets in proportions other than as provided in Section 3.04, then, notwithstanding anything to the contrary contained herein, the Titling Trustee shall promptly identify and reallocate (or cause the Servicer to identify and reallocate) the remaining Titling Trust Assets among the UTI Sub-Trust and each of the SUBI Sub-Trusts so that each shall bear the expense of the third party claim as nearly as possible as if the burden of such claim had been allocated as provided in Section 3.04.

REBALANCING AFTER THIRD-PARTY CLAIM. To the extent that a third third-party claim Claim against Titling Trust Assets is satisfied out of Titling Trust Assets in proportions other than as provided in Section 3.043.04 of the Titling Trust Agreement, then, notwithstanding anything to the contrary contained herein, the Titling Trustee shall promptly identify and reallocate (or cause the Servicer to identify and reallocate) the remaining Titling Trust Assets among the UTI Sub-Trust and each of the SUBI Sub-Trusts so such that each shall bear the expense of the third party claim such Claim as nearly as possible as if the burden of such claim thereof had been allocated as provided in Section 3.043.04 of the Titling Trust Agreement.