Common use of Retained Collections Contributions Clause in Contracts

Retained Collections Contributions. At any time after the Closing Date, the Co-Issuers may (but are not required to) designate Retained Collections Contributions to be included in Net Cash Flow, but not more than $10,000,000 in any Quarterly Collection Period or more than $20,000,000 during any period of four (4) consecutive Quarterly Collection Periods or more than $40,000,000 from the Closing Date to the Series Legal Final Maturity Date; provided, that any Retained Collections Contributions shall be excluded from the amount of Net Cash Flow for purposes of calculations undertaken in the following circumstances: (a) to determine the New Series Pro Forma DSCR, (b) to determine satisfaction of any Series Non-Amortization Test and (c) to determine whether the Co-Issuers may extend any Class A-1 Notes Renewal Date. The amount of any Retained Collections Contribution included in Net Cash Flow for the purpose of calculating the DSCR shall be retained in the Collection Account until the Weekly Allocation Date on which either (i) the DSCR for the period of four Quarterly Collection Periods ended immediately prior to such Weekly Allocation Date is at least 1.50x without giving effect to the inclusion of such Retained Collections Contribution or (ii) such Retained Collections Contribution is required to pay any shortfall in the amounts payable under priorities (ii) through (xxvi) of the Priority of Payments, to the extent of any shortfall on such Weekly Allocation Date. The Co-Issuers may not designate equity contributions as Retained Collections Contributions to the extent such equity contributions were funded by the proceeds of a draw under any Class A-1 Notes.

Retained Collections Contributions. At any time after the Closing Date, the Co-Issuers Issuer may (but are is not required to) designate Retained Collections Contributions to be included in Net Cash Flow, but not more than $10,000,000 25,000,000 in any Quarterly Collection Fiscal Period or more than $20,000,000 50,000,000 during any period of four (4) consecutive Quarterly Collection Fiscal Periods or more than $40,000,000 80,000,000 from the Closing Date to the Final Series Legal Final Maturity Date; provided, provided that any Retained Collections Contributions shall be excluded from the amount of Net Cash Flow for purposes of calculations undertaken calculating the Additional Notes DSCR in connection with the following circumstances: (a) issuance of Additional Notes pursuant to determine the New Series Pro Forma DSCR, (b) to determine satisfaction of any Series Non-Amortization Test and (c) to determine whether the Co-Issuers may extend any Class A-1 Notes Renewal DateSection 2.2. The amount of any Retained Collections Contribution included in Net Cash Flow for the purpose of calculating the DSCR shall be retained in the Collection Account until the Weekly Allocation Date on which either (i) the DSCR for the period of four (4) Quarterly Collection Fiscal Periods ended immediately prior to such Weekly Allocation Date is at least 1.50x 1.75:1.00 without giving effect to the inclusion of such Retained Collections Contribution or (ii) such Retained Collections Contribution is required to pay any shortfall in the amounts payable under priorities (ii) through (xxvi) of the Priority of Payments, to the extent of any shortfall on such Weekly Allocation Date. The Co-Issuers Issuer may not designate equity contributions as Retained Collections Contributions to the extent such equity contributions were funded by the proceeds of a draw under any Class A-1 Notes. For the avoidance of doubt, any equity contribution to the Issuer or any other Securitization Entity for the purpose of making an Optional Scheduled Principal Payment shall not constitute a Retained Collections Contribution.

Retained Collections Contributions. At With respect to any time after the Closing DateQuarterly Collection Period, the Co-Issuers Master Issuer may (but are not required to) designate Retained Collections Contributions made to the Master Issuer during such period to be included in Net Cash Flow, but not more than $10,000,000 2,500,000 in any Quarterly Collection Period or more than $20,000,000 5,000,000 during any period of four (4) consecutive Quarterly Collection Periods or more than $40,000,000 10,000,000 from the Closing Date to the latest Series Legal Final Maturity DateDate for any Notes Outstanding; provided, provided that any Retained Collections Contributions Contribution made shall be excluded from the amount of Net Cash Flow for purposes of calculations undertaken in the following circumstances: (a) to determine the New Series Pro Forma DSCR, (b) to determine satisfaction of compliance with any Series Non-Amortization Test and (cb) to determine whether the Co-Issuers may extend any Class A-1 Notes Renewal DateNew Series Pro Forma DSCR. The amount of any Retained Collections Contribution included in Net Cash Flow for the purpose of calculating the DSCR shall be retained in the Collection Account until the Weekly Allocation Date on which either (i) the DSCR for the period of four (4) Quarterly Collection Periods ended immediately prior to such Weekly Allocation Date is at least 1.50x 1.75x without giving effect to the inclusion of such Retained Collections Contribution or (ii) such Retained Collections Contribution is required to pay any shortfall in the amounts payable under priorities (ii) through (xxvixxx) of the Priority of Payments, to the extent of any shortfall on such Weekly Allocation Date. The Co-Issuers may Master Issuer shall not designate equity contributions as Retained Collections Contributions to the extent such equity contributions were funded by the proceeds of a draw under any the Class A-1 Notes. For the avoidance of doubt, any funding of the Advance Funding Reserve Account shall not constitute a Retained Collections Contribution.

Retained Collections Contributions. At any time after During the period commencing on the Series 2015-1 Closing Date and ending on the Series 2018-1 Legal Final Maturity Date, the Co-Issuers Issuer may (but are is not required to) designate Retained Collections Contributions to be included in Net Cash Flow, but not more than $10,000,000 2,000,000 in any Quarterly Collection Fiscal Period or more than $20,000,000 4,000,000 during any period of four (4) consecutive Quarterly Collection Fiscal Periods or more than $40,000,000 10,000,000 from the Series 2015-1 Closing Date to the Series 2018-1 Legal Final Maturity Date; provided, provided that any Retained Collections Contributions shall be excluded from the amount of Net Cash Flow for purposes of calculations undertaken in the following circumstances: (a) to determine calculating the New Series Pro Forma DSCR, (b) to determine satisfaction DSCR in connection with the issuance of any Series Non-Amortization Test and (c) to determine whether the Co-Issuers may extend any Class A-1 Notes Renewal Datenew Series. The amount of any Retained Collections Contribution included in Net Cash Flow for the purpose of calculating the DSCR shall be retained in the Collection Account until the Weekly Allocation Date on which either (i) the DSCR for the period of four Quarterly Collection Fiscal Periods ended immediately prior to such Weekly Allocation Date is at least 1.50x 1.50:1.00 without giving effect to the inclusion of such Retained Collections Contribution or (ii) such Retained Collections Contribution is required to pay any shortfall in the amounts payable under priorities (ii) through (xxvixxv) of the Priority of Payments, to the extent of any shortfall on such Weekly Allocation Date. The Co-Issuers Issuer may not designate equity contributions as Retained Collections Contributions to the extent such equity contributions were funded by the proceeds of a draw under any Class A-1 Notes. For the avoidance of doubt, Series 2015-1 Class A-2 Optional Scheduled Principal Payments, Series 2016-1 Class A-2 Optional Scheduled Principal Payments and Series 2018-1 Class A-2 Optional Scheduled Principal Payments shall not constitute Retained Collections Contributions.