Scheduled Payments Under Loans and Cut-Off Date. The Company shall be entitled to all Scheduled Payments, other Collections and all other funds with respect to any Loan received on or after the related Cut-Off Date or Addition Cut-Off Date, as applicable. The principal balance of each Loan as of the related Cut-Off Date or Addition Cut-Off Date, as applicable, shall be determined after deduction, in accordance with the terms of each such Loan, of payments of principal received before such Cut-Off Date or Addition Cut-Off Date.
Appears in 5 contracts
Samples: Master Loan Purchase Agreement (Cendant Corp), Master Loan Purchase Agreement (Wyndham Worldwide Corp), Master Loan Purchase Agreement (Wyndham Worldwide Corp)
