Required Deposit Amounts Clause Samples

Required Deposit Amounts. Subject to the proviso in Section 8.05(c), but notwithstanding anything else in this Indenture or the Transfer and Servicing Agreement[s] to the contrary and regardless of whether the Servicer makes deposits into the Collection Account on a monthly or daily basis as provided in Section 8.04(b), with respect to any Collection Period: (i) the Servicer will only be required to deposit allocated Collections into the Collection Account up to the aggregate amount of Collections required (A) to be deposited into the Excess Funding Account or any Series Account or (B) without duplication, to be distributed on or before the related Distribution Date to the Noteholders, to the Servicer or to any Series Enhancers pursuant to the terms of any Indenture Supplement, the Transfer and Servicing Agreement[s] or any Series Enhancement Agreement; provided that in making such determination, the Servicer will take into account the respective applications of allocated Interest Collections and Principal Collections in accordance with the related Indenture Supplements; (ii) if at any time before such Distribution Date, the amount of allocated Collections deposited by the Servicer into the Collection Account exceeds the amount required to be deposited therein pursuant to clause (i) above, the Servicer will be permitted to withdraw the excess from the Collection Account; and (iii) notwithstanding anything to the contrary in clause (i) above, the Servicer may retain its Servicing Fee and is not required to deposit such fee (or any portion thereof in respect of any Series) into the Collection Account.